PRIVATE Car insurance is driven by the TAC ( tariff advisory committee – IRDA ) regulations for the standard motor policy which will be same for all the general insurance companies. The benefits and features in addition to the coverages, as mentioned in standard motor policy becomes the point of comparison
What is covered in Private car package policy ?
Risks indemnified against loss / damage to vehicle (including accessories, if covered)
Fire, explosion, self ignition, lightening
Burglary, housebreaking, theft
Riot & strike
Earthquake
Flood, typhoon, hurricane, storm
Accidental external means
Malicious act
Terrorist activity
Landslide, rockslide
In transit
Protection and removal costs (upper limit Rs. 1500) – towing facility
What is NOT covered in the policy (Exclusions)
Consequential loss
Depreciation
Wear and tear
Mechanical/ electrical breakdown
Failures
Breakage
Damage to tyres (if car not damaged - 50% clause)
Known or deliberate accidental losses/damage
Intoxicated driver
Policy conditions to be followed (area, license etc)
Other general exclusions (nuclear war etc)
Damage Caused by Overloading
Exclusions
Competitive features, benefits and add-ons given by insurance companies*
* Not the part of standard policy wordings
Cashless in preferred workshop and dealership garage
24*7 claims support
Toll free call center for claim registration and customer support
Online policy on website and self help section for customer support
EMI option for premium
Towing facility even on holidays
Instant claims assistance and sms updates for claim registration, Surveyor allocation, and payment release
Traffic updates
Zero depreciation policy
Return to invoice policy
Warranty on accidental repairs
ADD ONS - Road side assistance (Extended by service provider Mondial / RACE )
A. loss of personal belongings
B. ncb protection
C. loss of personal belongings
D. emergency transport and hotel expenses
E. key replacement
F. Daily allowance
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