Motor Insurance Policy

  • Buy Motor Insurance Policy in India

Your vehicle is one of the milestone investments in your life. It is a reflection of the person who drives it. It has toiled for you so many times and it is time you think about protecting your vehicle from unforeseen events such as theft or accident. Considering the exorbitant repair costs these days even a slight damage can burn  a  hole  in  your  pocket.  Hence,  it  is  prudent  to  purchase  a  Commercial Motor  Fleet Insurance  policy  that understands the importance of an automobile in your life. Compare car insurance, two wheeler insurance online to get the best deal out of the lot. We  understand  that  each  customer  is  unique  with  a  precise  set  of  needs.  We  therefore  enable  you  to choose the right add-ons by not just recommending them but also explaining in a transparent and simple manner  how  each  recommended  add-on  can  benefit  you.  Our goal is  to  ensure  that  you  select  and combine the right add-ons with comprehensive car insurance so that you have full protection at the time of a claim. Whether it’s coverage for fender benders, keeping your “No claims bonus” intact, protection for your engine from water ingress or maybe just tow-away assistance, we have it all. Insurance Manager provides you the best motor vehicle insurance /comprehensive private car package insurance policy, also you can choose customized recommendation from  a  host  of  add-ons  designed  to protect you in practically all kind of situations you may encounter.  As per the Motor Vehicles Act, 1988 it is mandatory for every owner of a vehicle plying on public roads, to take Motor insurance policy / Goods Carrying vehicle policy, to cover the amount, which the owner becomes legally liable to pay as damages to third parties as a result of accidental death, bodily injury or damage to property. A Certificate of Insurance must be carried in the vehicle as a proof of such insurance. Motor Insurance can be broadly classified under below heads-

  • Car Insurance: Car Insurance  gives  coverage  against  accidental  loss  or  damages  to  own  car  or  to  a third party. While choosing a car insurance policy, a person should always compare premium offered by various insurers to ensure that he got the best deal. The amount of premium would depend on the make & value of car, state from where it is registered and manufacturing year.
  • Two Wheeler Insurance: Two Wheeler Insurance provides protection to bikes and scooters. The features of two wheeler policy are similar to car insurance.
  • Commercial Vehicle Insurance: Commercial vehicle insurance helps all commercial  vehicle  drivers  to reduce losses they might incur due to damage to their vehicle. Here commercial vehicles include those which are not used for personal purposes, like goods carrying vehicles.
  • Third Party Insurance Policy: Third Party Insurance Policy covers third person who has been injured in an accident involving you and your car. The policy doesn’t provide any direct benefit to the insured. As per Insurance Regulatory and Development of India (IRDA), no insurer can decline to underwrite third party insurance.
  • Comprehensive Insurance Cover: Comprehensive Insurance Cover is an add on to the third party insurance plan and protects the owner  from  financial  losses  caused  by  damage  or  theft  of  the  insured    Besides insuring vehicles, it also provides third party coverage.
  • Liability only Policy: It provides third party liability cover for bodily injuries and property damage. It also includes personal accident cover for driver. Your car insurance policy is the most important document in your vehicle because it protects you against financial loss  and  legal    Millions  of  car  owners  across  India  trust  us  to  insure  their  car  since  we provide package policies that would protect them against physical damage, bodily injury / death and cover against third-party liability, bringing them security and peace of mind. All this is backed by our advanced claims servicing capability and fast settlement record for vehicles insured with us.

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Key Benefits of Car Insurance

  • Quick and easy online purchase process
  • Get your Car Insuranceor Car Insurance Renewal in easy steps.
  • Cashless claimsettlement after repair of your vehicle at wide network of preferred garages. Receive 75% on account payment when cashless facility is not available.
  • Preferred garages give you access to hassle-free inspectionand bring to you high service standards
  • Transfer up to 50%of your existing No Claim Bonus (NCB) from any car insurance provider.
  • Avail our 24×7 telephonic servicefor car insurance claims support or any other assistance, even on holidays.
  • Towing Facilityin an event of a vehicle breakdown/accident.
  • Receive Instant Claims Assistanceand SMS updates on your motor claim status through our 24×7 call-centers.
  • 24*7 Spot Assistance
  • Lock and key replacement cover
  • Accident Shield
  • Consumable Expenses

Scope of cover

  • Loss or damage to your car against natural calamities

Cover includes comprehensive car insurance

  • by fire explosion self-ignition or lightning ;
  • by burglary housebreaking or theft ;
  • by riot and strike;
  • by earthquake (fire and shock damage);
  • by flood typhoon hurricane storm tempest inundation cyclone hailstorm frost;
  • by accidental external means;
  • by malicious act;
  • by terrorist activity;
  • whilst in transit by road rail inland-waterway lift elevator or air;
  • by landslide rockslide.
  • Loss or damage to your car against man-made calamities

Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, any damage in transit by road, rail, inland waterway, lift, elevator or air.

  • Personal Accident Cover

Coverage of Rs. 2 lakh for the owner-driver of the vehicle while driving or travelling and mounting or dismounting from the Four-wheeler. Optional personal accident covers for Passenger/ Paid Driver/ driver/ Insured are also available

  • Third Party Legal Liability

Protection against legal liability due to accidental damages caused to the surrounding property and/ or resulting in permanent injury or death of a person.

Add-on Cover

Depreciation cover
Typically under standard comprehensive motor policy, in case of a claim, the insured receives an amount that is subject to depreciation. He/she therefore receives an amount lower than the actual repair expense. With Depreciation cover the insured receives the depreciation amount deducted on the value of the parts replaced. This is applicable for up to 2 admissible claims.
Loss of Keys
Under this cover you will be reimbursed with the cost incurred by you towards replacing Car keys, locks and locksmith charges following theft or loss of your vehicle keys
Hydrostatic Lock Cover
Driving or even parking your vehicle in a water-logged area can expose it to the risk of water entering its engine. In such a situation in case you even turn on the ignition key you can cause massive engine damage. Further, your insurance company is likely to consider this damage as a consequential loss and will not cover it. Hydrostatic lock cover covers damage to the engine on account of water entering it and is particularly useful in areas of high rainfall and frequent flooding.
No Claims Bonus Protector
You get a No-Claim Bonus (NCB) for every claim free year. This NCB slab increases for every claim free year and can go up to 50%. One single claim reduces your NCB to zero. NCB protector cover protects your NCB up to two claims during your policy period. It is particularly recommended for NCB accumulation of over 25%
Roadside Assistance
A vehicle break down in the middle of nowhere can be very traumatic. Finding tow-away or a mechanic to help can be an exhausting ordeal. Roadside assistance cover provides assistance for on road repair relating to minor breakdowns, towing your car to the nearest garage, changing of a flat tyre, replacing lost keys and arranging for emergency fuel.
Loss of Personal Belongings
This cover offers protection to your valuable personal belongings that are burgled or stolen from your locked vehicle including laptop and/ or mobile
Consumables
Consumable for the purpose of this cover 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.
Engine Protector
This cover provides reimbursement of consequential loss to internal part of the engine and/or Gear Box arising out of:
A. Water Ingression
B. Leakage of Lubricating oil and/or damage to engine and/or gear box arising out of leakage of lubricating oil due to accidental mean.
Return to Invoice
If your car is declared as a total loss by us in the event of a claim under the policy, we will pay the financial shortfall between the amount you will receive from the insurance policy and the purchase price of the car, as confirmed in the invoice of sale

Major Exclusions

  • Normal wear and tear and general ageing of the vehicle
  • Depreciation or any consequential loss
  • Mechanical/ electrical breakdown
  • Wear and tear of consumables like tyres and tubes unless the vehicle is damaged at the same time, in which case the liability of the company shall be limited to 50% of the cost of replacement
  • Vehicles being used otherwise than in accordance with limitations as to use
  • Damage to/ by a person driving any vehicles without a valid license
  • Damage to/ by a person driving the vehicle under the influence of drugs or liquor. Loss/ damage due to war, mutiny or nuclear risk

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