Digi Assure

Motor insurance includes a variety of factors that may result in damages to your car and injury to its occupants.

Comprehensive motor insurance in India covers a variety of risks, including:

• Accidental damage: Damage caused by collisions, road accidents, or transit by air, land, or water.
• Fire: Damage caused by fire, explosion, or self-ignition
• Theft: Theft, burglary, or housebreaking
• Natural disasters: Damage caused by floods, cyclones, earthquakes, hurricanes, hailstorms, etc.
• Manmade hazards: Damage caused by riots, strikes, vandalism, terrorist acts, or other malicious acts.
• Third-party losses: Property damage, bodily injury, or death to third parties caused by the insured vehicle.
• Personal injuries: Personal accidental injuries or death to the owner-driver of the insured vehicle.

Comprehensive motor insurance doesn't cover many risks, including:

• Depreciation: Comprehensive insurance doesn't cover depreciation of your car's parts or value.
• Wear and tear: Comprehensive insurance doesn't cover wear and tear caused by aging.
• Mechanical and electrical breakdown: Comprehensive insurance doesn't cover mechanical and electrical breakdowns.
• Driving without a license: Comprehensive insurance doesn't cover damage caused by driving without a valid license.
• Driving under the influence: Comprehensive insurance doesn't cover damage caused by driving under the influence of alcohol or other intoxicants.
• War or nuclear risk: Comprehensive insurance doesn't cover damage caused by war or nuclear risk.
• Damage outside policy scope: Comprehensive insurance doesn't cover damage that occurs outside the geographical scope of the policy.
• Intentional damage: Comprehensive insurance doesn't cover intentional damage, such as breaking a window or setting your car on fire.

The premium is determined based on the car value, age of the vehicle, cubic capacity and geographical zone. The insured has an option to select various add-on covers available with the insurance companies.

• Insured Declared Value
• Cubic Capacity
• Age of Vehicle
• Geographical Zone
• Add-on Cover, if opted
• Third Part Liability (as defined time-to-time by IRDAI)
• Owner-Driver Personal Accident (PA) Cover for Rs. 15 lacs
• Personal Accident Cover for Passengers maximum to Rs. 5 lacs Per Passenger
• Anti-Theft Device Discount
• CNG / LPG - Inbuilt or External

Sum Insured is fixed at the commencement of each policy period and known as Insured Declared Value (IDV). It is fixed on the basis of manufacturer's listed selling price, adjusted for depreciation, defined under the Indian Motor Tariff.

The sum insured is based on the Insured Declared Value (IDV) of the car. IDV is the value assigned to the vehicle by the insurance companies based on the manufacturer’s present value of the car and the depreciation percentage based on its age. Some companies may also consider the accessories to get the final IDV.

Third Party Liability Insurance is mandatory under the Motor Vehicles Act, 1988. It provides protection against injury or damages to third parties or their belongings in case of an accident. Insurance companies also provide a Personal Accident cover that covers accidental death or permanent total disability for the owner-driver of the insured vehicle.

NCB is a discount given by insurance companies while renewing a motor insurance policy if the owner has not made a claim during the previous policy period(s). The NCB can be accumulated up to maximum of 50% on OD premium.

NCB is transferable from previous policy to new policy of same class of vehicle but cannot be transferred from a private policy to a commercial policy.

A motor extended warranty insurance is a protection plan that covers certain repair and replacement costs for your motor vehicle after the original manufacturer’s warranty expires. It provides peace of mind by covering unexpected mechanical or electrical failures.

It’s recommended to purchase a motor extended warranty insurance before the original manufacturer’s warranty expires.