What is insured ?
Any light motor vehicle used for social, domestic and pleasure purposes and for the insurer’s business.

Who can insure?
Individuals and corporate owners of the private cars and the financier of the car having insurable interest in it.

What will policy pay and how much?-Own Damage

• Attractive interest rates.
• Actual amount spent for repairs/replacement subject to depreciation and sum insured as per survey report.
• Damage to tyres (when vehicle is also damaged) – 50% of cost of replacement.
• Garaging and towing charges – up to Rs 1500/-
• In case of total loss, market value at the time of loss or sum insured whichever is less.

Insured against what risks?

• Loss or damage by accident, fire, lightning, self ignition, external explosion, burglary, housebreaking or theft, malicious act.
• Liability for third party injury/death, third party property and liability to paid driver.
• On payment of appropriate additional premium, loss/damage to electrical/electronic accessories, PA cover for drivers, insured or any named person, unnamed passengers can also be taken
• Certain discounts in premium are also available.
• whilst in transit by rail, road, air, elevator, lift. Perils under

When will policy not pay?

• Consequential loss; depreciation; wear and tear; mechanical and electrical breakdown; failure or breakage.
• When vehicle is used outside the geographical area; when used contrary to limitation as to use; driven by a person other than the driver stated in driver’s clause
• War perils, nuclear perils and drunken driving