New India Motor Policy

• Protection from loss or damage to your vehicle
• Cover for third party liability
• Personal accident cover for owner cum driver
• No Claim Bonus is available
• Hassle free claim settlement process
• Optional covers to customize policy coverage
• Cashless claims at listed network garages

Own Damage Cover

Loss or damage to the vehicle insured and/or its accessories is covered against perils such as fire explosion, self ignition or lightning, burglary, housebreaking or theft, riot and strike, earthquake, flood, typhoon & hurricane, accidental external means, malicious act, terrorist activity, in transit by road, rail, inland-waterway, lift, elevator or air, landslide or rockslide.

Cover towards Third Party Liability

Insured is covered against third party liability arising out of the use of the vehicle in respect of death or bodily injury to occupants carried in a vehicle other than the insured’s vehicle. It also covers damage to property other than the property belonging to the insured.

For commercial vehicle and private car, third Party liability cover is available upto Rs 7.5 lacs and for Scooters/Motor Cycles, this cover is available up to Rs 1 lac.

Personal Accident Cover for Owner - Driver

In case of bodily injury/death caused to the owner cum driver of the vehicle, the compensation is payable depending on the nature of injury sustained as specified under the policy.

Towing Cover

Towing charges from the place of accident to the workshop is covered up to Rs 300 for scooters/motorcycles and Rs 1500 for cars and commercial vehicles.

No Claim Bonus

In case of a claim-free policy year, No Claim Bonus (NCB) is available in a range of 20% to 50%. The NCB benefit may vary depending on the type of vehicle and the number of no-claim policy years.

Following are the additional cover/add-ons that can be opted upon payment of additional premium.

• Nil Depreciation Cover: The insured will be indemnified against loss or damage to the parts subject to a deduction of depreciation at the rates specified in respect of parts replaced.
• Road Tax Cover: The insured will be eligible for reimbursement of amount paid towards road tax that he/she may have to pay while replacing the car due to a major accident.
• NCB Protection Cover: No Claim bonus can be extended to renewal policy, in case of renewal within 30 days of expiry of the policy for partial loss claim. It also covers theft or total loss of the insured vehicle.
• Return to Invoice: In the event of a Total loss/ Constructive Total Loss (CTL) or Total Theft of the vehicle, it pays the ‘shortfall amount’ between the amount received and the price as per the purchase invoice OR the current replacement value of vehicle if the same make model is available, whichever is less.
• Engine Protect Cover: It covers the consequential damage to the internal parts of the Engine of the Insured Vehicle arising out of water ingression leakage of lubricating oil following damage to engine & its parts due to accidental means.
• Additional Towing Charges: This add-on covers increased towing charges upto Rs 10,000 in 2 admissible claims for private car and this cover is available up to 7 years of age.
• Loss of Content Cover: The cover allows protection up to Rs 20,000 with a cap of 20% of sum insured for each individual item or actual value of lost item, whichever is less. This cover is applicable in the event of loss of personal belongings in an accident.

Following are the conditions that are not covered under this policy:

• Vehicle is used outside the geographical area
• Vehicle being used otherwise than in accordance with the ‘Limitations as to Use’ specified
• Any claim arising out of contractual liability
• Loss /Damage outside India
• Mechanical breakdown
• Consequential loss
• Depreciation, wear and tear
• Intoxicated driving
• Loss /Damage caused due to War/Mutiny/Nuclear risks, etc.