Features & Coverage
Loss of or Damage to the Vehicle Insured
Damaged the vehicle? No worries if the cause is one of the below-
- Accidental external means
- Burglary, house-breaking or theft/ Riot and strike
- Fire, explosion self-ignition or lightning
- Earthquake (Fire and Shock Damage)
- Natural calamities like, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost;
- Terrorist Activity/Malicious Act
- whilst in transit by road rail inland - waterway lift elevator or air
Liability to Third Parties
Apart from damage to vehicle, accident may cause you liability in terms of bodily injury/death of third party or property damage of third party which can be covered under the Auto Secure Private Car Package Policy insurance.
Personal Accident Cover for the Owner-Driver
God forbid if you get hurt! In case of a bodily harm to the insured in the process of getting on or off from the insured car or while riding as a co-driver or whilst driving etc.
|Details of Injury
||Scale of Compensation
|ii)Loss of two limbs or sight of two eyes or one limb and sight of one eye
|iii)Loss of one limb or sight of one eye
|iv)Permanent Total Disablement from injuries other than named above
Coverage is available for maximum Capital Sum Insured of Rs.15,00,000/-
Now, before we take you through further details, let us first understand the basics of a motor insurance policy.
IDV (Insured’s Declared Value) -The Insured’s Declared Value (IDV) of the vehicle will be deemed to be the ‘SUM INSURED’ for the purpose of this Policy which is fixed at the commencement of each policy period for the insured vehicle.
Does that mean this sum insured remains the same for the life of the policy? No. That would be a fairy-tale. Yes, it depreciates.
This brings us to the next important point regarding a motor insurance policy-
Depreciation- Only for the purpose of total loss and fixing the IDV, below is how the depreciation in IDV is scheduled-
|Age of Vehicle
||% of Depreciation for Fixing IDV
|Not exceeding 6 months
|Exceeding 6 months but not exceeding 1 year
|Exceeding 1 months but not exceeding 2 year
|Exceeding 2 months but not exceeding 3 year
|Exceeding 3 months but not exceeding 4 year
|Exceeding 4 months but not exceeding 5 year
Similarly, the body parts of the car are subject to depreciation too. You can check that schedule in the policy document at leisure.
As Indians, we are very used to that something extra. Even the vegetable shopping entails some extra coriander and chillies in your bag. Feels good, doesn’t it? We understand. Hence, allow us to introduce our own motor insurance add-ons to you!
Depreciation Reimbursement (IRDAN108RP0002V01200001/A0001V01200910)
Because who likes depreciation, after all.
As long as the damaged vehicle is being repaired at an authorized garage/workshop, under this cover we shall pay back the deducted depreciation value on the Replaced parts under own damage claim. Only the first two claims can avail this benefit.
Daily Allowance (IRDAN108RP0002V01200001/A0051V01201819)
If your vehicle is damaged by any of the above said cause mentioned under section - Loss of or Damage to the Vehicle Insured, we shall pay you a daily allowance to cover for your expense of other hired modes of transport. This will be payable for maximum 10 days during period of Insurance and for maximum 15 days in case of theft/total loss claim.
If the vehicle is not repaired at an authorized garage or claims of only glass damage or if your claim itself is not admissible or repair of motor vehicle is up to 3 days , then we shall revoke the allowance.
Courtesy/Hire Car (IRDAN108RP0002V01200001/A0057V01201819)
Because we care.
Company will pay for courtesy/hire car or a maximum period of 10 days in case of repair claim and 15 days in case of theft/total loss claim.
Such service will be made available within 24 hours of vehicle reaching the garage or the time of intimation of claim to us.
Courtesy/Hire car will be provided for 8 hrs or 80 Km per day whichever is less.
Return to Invoice (IRDAN108RP0002V01200001/A0052V01201819)
We will pay the financial shortfall between the amount You receive under section 1 of the policy and the purchase price of the Vehicle as confirmed in the invoice of sale OR current replacement price of new vehicle in case exactly same make/model is available, whichever is less, in the event of Your Vehicle being a Total Loss/CTL following an accident or stolen during the Period of insurance and not recovered.
No Claim Bonus Protection Cover (IRDAN108RP0002V01200001/A0053V01201819)
Because we are applauding your driving skills!
In case of not more than one claim from the customer in the current motor insurance period, at the time of policy renewal, we will offer you the same expiring no claim bonus. Protection is available for 25% or more NCB slab.
Repair of Glass, Fibre, Plastic & Rubber Parts (IRDAN108RP0002V01200001/A0005V01200910)
A claim for only Glass/plastic/rubber/fiber part where You opt for repairs rather than replacement, at our authorised workshops/authorised dealers/authorised service stations will not affect Your No Claim Bonus eligibility at the time renewal with Us provided number of such claim does not exceed one and there is no other claim for damage to the vehicle during the period of insurance.
Loss of Personal Belongings (IRDAN108RP0002V01200001/A0054V01201819)
This shall cover items such as clothes and other items that are more likely to be worn, used or carried and includes audio/Video tapes, CDs. Can not include money jewellery, bank related items like debit cards, cheques etc. A more detailed list is available in the policy document. Also, please support this claim with a police report and also the vehicle itself should be under claim for the same reasons.
The insured will bear first Rs. 250 of each and every claim under this section.
Emergency Transport & Hotel Expenses (IRDAN108RP0002V01200001/A0055V01201819)
Because we won’t leave you stranded.
If the vehicle suffers an unexpected break down or damage, we will pay towards the taxi-cost and the overnight stay for retuning back to your place of residence or the nearest city you are travelling to Maximum payable for 1 accident during the period of insurance.
Key Replacement (IRDAN108RP0002V01200001/A0056V01201819)
Because its magic how some people don’t lose them.
In case of breakin protection, cost of replacing locks will also be covered. This will include the labour cost for replacing the locks.
Engine Secure (IRDAN108RP0002V01200001/A0058V01201819)
We shall pay you for repair and replacement expenses for the loss or damage of internal parts of the engine, gearbox, transmission and Differential assembly. We will also pay for the lubricating oil and consumables used in assembly but can’t pay for fuel obviously.
Tyre Secure (IRDAN108RP0002V01200001/A0059V01201819)
We can cover the replacement of maximum 4 tyres during the policy period in case of accidental damage. Also, if you get a tyre of superior make, please be ready to pay the difference.
Consumable Expenses (IRDAN108RP0002V01200001/A0085V01201819)
We will cover the cost of consumables required to be replaced/replenished arising from an accident to the insured vehicle. Consumables shall include engine oil, gear box oil, lubricants, nut & bolt, screw, distilled water, grease, oil filter, bearing, washers, clip, break oil, air conditioner gas and items of similar nature excluding fuel.
Make sure the vehicle is repaired at Tata AIG authorized garage
Road Side Assistance Add-on cover under Auto Secure –Private Car Package Policy (IRDAN108RP0002V01200001/A0022V01201213)
Flat tyre assistance, towing services, Battery Jumpstart service, spare key retrieval, fuel support etc are some of the services provided under this. However, the services will be offered on a best effort basis. Also, the vehicle must not be used for racing, rallying etc.