COMPREHENSIVE POLICY

The comprehensive policy is an extensive insurance that covers damages to car, theft, legal liability to third party and personal accident. This coverage is highly popular since it offers end-to-end coverage and hence ensures less stress for the policyholder

EX SHOWROOM PRICE

The Ex-showroom Price of a vehicle is the cost of a car or a bike without considering the charges paid for registering the vehicle at the Regional Transport Office (RTO), Road Tax, and Insurance

DEPRECIATION

The monetary value of an asset decreases over time due to use, wear and tear or obsolescence. This decrease is measured as depreciation

INSURED DECLARED VALUE

Insured Declared Value (IDV) is the maximum sum insured fixed by the insurer for the insured vehicle. Basically, IDV is the current market value of the vehicle

OWN DAMAGE

Own Damage (OD) helps you stay covered against damage caused to your vehicle due to accidents like fire, theft, etc

CLAIM INTIMATION

Claim intimation is the first step of any notification of the claim to the insurer

NO CLAIM BONUS

No Claim Bonus or NCB is a reward given by an insurance company to an insured for not raising any claim requests during a policy year. The NCB is a discount ranging between 20%-50% and is given to the insured while renewing a policy

THIRD PARTY

Third-party insurance offers protection against damages to the third-party by the insured vehicle. It covers physical injuries, damages to the vehicle, damage to the property, and death

PERSONAL ACCIDENT

Personal accident insurance provides financial coverage against unforeseen events such as accidents causing bodily injury, permanent partial disability and accidental death

CASHLESS CLAIM SETTLEMENT

Cashless claim settlement is a facility provided by the car insurance company in which the insurer is associated with authorised garages, which are referred to as network garages.

ENDORSEMENT

An insurance endorsement/rider is an amendment to an existing insurance contract that changes the terms of the original policy. An endorsement/rider can be issued at the time of purchase, mid-term or at renewal time.

ZERO DEPRECIATION / BUMPER TO BUMPER COVER

Zero depreciation cover is also known as bumper to bumper or nil depreciation cover. With zero depreciation coverage, the insured does not have to pay the depreciation value of the damaged or replaced parts and the policyholder can claim

CONSUMABLES

Engine oil, Gearbox oil, Nuts and bolts, Grease, Washers, Oil Filters, Lubricants, Power steering oil, AC gas oil, radiator coolant and all similar items except fuel

ENGINE PROTECT

Engine protect cover is an add-on cover that gives you coverage for damages incurred by the engine of your car due to due to water ingression, leakage of lubricating oils, differential parts or gearbox or engine failure due to an attempt to start a wet engine

ROADSIDE ASSISTANCE

Roadside Assistance Cover in your Car Insurance Plan is an add-on cover and acts as your most trusted ally when the car breaks down in the middle of the journey leaving you stranded

RETURN TO INVOICE

Return to Invoice is a add-on cover that allows you to receive compensation equal to the car's invoice value i.e., the original value of the car when you bought it. The claim applies when a car is stolen or when it is beyond repair

KEY COVER

Covers Key replacement cost due to Loss of key

NCB PROTECT

The NCB Protector protects Your Earned No claim Bonus, in the event of an Own Damage claim made. for Partial Loss including claims for Windshield glass, Total Loss, and Theft of vehicle/ accessories

ELECTRICAL / NON-ELECTRICAL ACCESSORIES

Addon to cover additional accessories fitted other than OEM

IMT 23

Cover for lamps, tyres / tubes mudguards, bonnet / side parts, bumpers, headlights and paint work of damaged portion. This is for commercial vehicle only

FAMILY FLOATER

A family floater is a health insurance plan that extends the coverage to the entire family. Every family member gets benefits under a larger common pool.

GROUP MEDICLAIM

A group medical cover is a policy that covers a defined group of people, usually members of a professional association, or a society or employees of a company. Group medical insurance policy will cover health and medical expenses

NETWORK HOSPITALS

A hospital that has an agreement with an insurance company for providing cashless treatment is referred to as a Network Hospital

MULTI TRIP TRAVEL POLICY

Multi-trip travel insurance is a travel policy that covers multiple trips during a specified time. It provides coverage for a year from the effective date of your policy.