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Add on Cover Benefits - New

Product Name: Depreciation Waiver Clause

What is Covered?
1. All plastic parts without applying depreciation in case of a claim.
2. All metal parts without applying depreciation in case of a claim.
3. You need not bear any portion of any depreciable parts. The cost of all parts necessitating replacement will be allowed in full.
What is not Covered?
1. The amount of total deductible mentioned in the policy schedule.        2. Damage caused by an uninsured peril including mechanical breakdown.
3. Damage to uninsured items including accessories and bi-fuel/gas kit.
4. Claims made for theft of parts and/or accessories.
5. Claims made under Self Authorisation Mode.
Deductibles: As per the base Package Policy 
Minimum Premium: The cover will be subject to a minimum premium of Rs.100/-.
Other Conditions:
1. The Cover will be offered on annual basis and will run concurrently with the Package policy of the vehicle.
2. Mid-term inclusion or removal of this cover shall not be allowed.
3. Cover available only for vehicles upto 3 years of age.
4. The Cover is not available for imported vehicles and obsolete models that are no more in production and whose parts are not available off the shelf.
Pricing: Based on the vehicles IDV, Age, Engine size and Make
 
Product Name: Windshield Glass Clause

What is Covered?
If, the windscreen glass (front and/or rear) of your car accidentally break and need to be repaired / replaced,
We will repair / replace the same without your No Claim Bonus getting affected.
This will not be treated as an Own Damage claim and will not affect your No claim bonus next year.

This Clause will apply to
1. When only the windshield glass is broken and there are no damages to the vehicle.
2. The vehicle is repaired in a garage / workstation of Our choice within the city where you reside based on the residential address provided for this insurance. If the windshield glass is repaired / replaced at any other place, the incident will be treated as a separate claim and the No Claim Bonus will be affected.
3. Only for the first claim for replacement of windshield glass, during the year. Subsequent claims for Windshield glass will not qualify for continuation of No Claims Bonus.

What is not Covered?
1. The amount of total deductible mentioned in the policy schedule 2. Damage caused by an uninsured peril
3. Manufacturing defects
4. Depreciation on parts, if the depreciation waiver clause is not opted
Cover to be opted at the inception of the Private Car Package Policy and shall run concurrently with the Package Policy. Mid-term inclusion and/or removal of the cover are not permissible. 
Deductibles: As per the base Package Policy
Minimum Premium: The cover will be subject to a minimum premium of Rs.50/-.
Pricing:Based on the vehicles IDV, Age and Make

Product Name: Life-time Road Tax Clause

What is Covered?
1. Full Road Tax paid for a new vehicle
2. Proportionate outstanding Road Tax for older vehicles
3. Vehicles upto 3 years of age
4. Payment of outstanding Tax in full as mentioned in the policy, in case of Total Loss/Theft
5. Cover to be opted at the inception of the policy and shall run concurrently with the base Package Policy.
What is not Covered?
1. The amount of total deductibles as mentioned in the base Package Policy
2. The reimbursement of Road Tax in case of partial losses
3. Vehicles paying Annual Road Tax
Minimum Premium: The cover will be subject to a minimum premium of Rs.100/-
Pricing: The pricing will be based on the amount of unexpired portion of Road Tax for the vehicle.

Note: Life-time Road Tax Clause is applicable to selective States in India Only. 
 
Product Name: Voluntary Deductible Clause

In case of any claim, if you wish to bear the amount of Voluntary Deductible ranging from Rs 1,500 to 15,000, you are eligible for discounts ranging from 15% to 35% of the Own Damage Premium.   
Pricing: The discount will be as per the existing tariff grid along with the two additional slabs included.