Zero Depreciation Cover in Car insurance

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Add-on Covers You Can Buy With Car Insurance
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NCB Protector

• No Claim Bonus is a reward offered to a
  policyholder for making no claim during a policy
  year.
• At the time of renewal, insurance company offers
  up to 50 discount on insurance premium if the
  policyholder does not make any claim throughout
  the year.
• Having an NCB Protector cover protects your NCB
  even if you have made a claim in the previous
  year
• This helps you preserve your NCB and also rewards
  you with applicable discount

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NCB Schedule
DETAILS DISCOUNT
No claims made in preceding 1 year of insurance 20
No claims made in preceding 2 years of insurance 25
No claims made in preceding 3 years of insurance 35
No claims made in preceding 4 years of insurance 45
No claims made in preceding 5 years of insurance 50
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NCB Protector Exclusions

• More than two claims are made under the Policy.
• A claim is made for Total Loss (TL)/ Constructive
  Total Loss (CTL).
• The ownership of the Insured Vehicle is
  transferred

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Zero Depreciation

• A Zero Depreciation cover is an add-on cover that
  entitles you to receive the full claim without
  calculating the value of depreciated parts.
• A zero-depreciation cover is also known as
  bumper-to-bumper cover or nil depreciation.
• This type of coverage can be obtained for a brand
  new vehicle as well as for vehicles not more than
  3-5 years old.
• Claim registered for damages only to the
  windscreen glass/ rear glass/ door glass/
  sun-roof glass or theft of accessories or parts
  will not be considered.

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Zero Depreciation Exclusions

• A Zero Depreciation cover is an add-on cover that
  entitles you to receive the full claim without
  calculating the value of depreciated parts.
• A zero-depreciation cover is also known as
  bumper-to-bumper cover or nil depreciation.
• This type of coverage can be obtained for a brand
  new vehicle as well as for vehicles not more than
  3-5 years old.
• Claim registered for damages only to the
  windscreen glass/ rear glass/ door glass/
  sun-roof glass or theft of accessories or parts
  will not be considered.

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Engine Protection

• This cover protects your car against engine
  damage caused due to
• Leakage of lubricating oil
• Damage to gear box
• Water ingression
• Hydrostatic lock When you repeatedly try to
  start a moist engine, it can cause an engine
  failure
• The cover also insures you against damages caused
  to
• Internal parts of engine
• Gear box, transmission or differential assembly

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Engine Protection Exclusions

• Ageing, depreciation and wear and tear is not
  covered.
• Losses falling under the Manufacturers
  Warranty, including Product recall.
• If theres any loss or damage caused due to delay
  in intimating your insurer or if theres a delay
  in retrieval of the vehicle from a water logged
  condition or rusting/corrosion due to the delay
  then the costs wont be covered.
• Claim made under self-authorization mode where
  the vehicle is dismantled, repaired replaced
  without our prior consent/inspection.

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Key Replacement

• A cover that bears the cost of stolen/lost keys
• It covers the cost of making replacing the car a
  new key
• Covers the cost of lost keys
• If the vehicle is broken into, then the cost of
  locks need replacement it is covers its cost too

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Key Replacement Cover Exclusions

• Cost to replace keys of the vehicles that is not
  owned for personal use

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Roadside Assistance

• This cover gives you the following benefits if
  youre stuck midway.
• Battery jump start
• Towing service
• Spare key arrangements
• Phone assistance
• Emergency fuel
• Minor repairing
• Alternative transport/ accommodation
• No Exclusions

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Consumables Cover

• Valid for vehicles insured within 5 years from
  the date of registration
• Covers costs for bolts, nuts, screws, washers,
  brake fluid, etc
• This cover is a suitable option for high-end cars
• No Exclusions

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Accessories Cover

• Under the electrical fittings, car accessories
  like spoilers with brake light, music system, fog
  lights, and air conditioners (If not a standard
  fitment) are covered.
• Under, Non-electrical fittings accessories such
  as non-electrical spoiler, seat covers, alloy
  wheels, interior fittings, etc. are covered
• It also provides cover for the CNG/LPG kit fitted
  in your car
• No Exclusions

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Invoice Protection Cover

• This cover settles your claim on the basis of
  invoice value and not the car value
• It gives you with the benefit to avail the full
  value of the vehicle in case of total loss or
  theft of the same.
• This add-on benefit covers original invoice value
  including registration taxes and road paid tax.

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Loss of Personal Belongings

• Covers the cost of loss of personal belongings
  including laptop or any electronic device from a
  locked vehicle.
• Few insurers provide personal belonging cover up
  to an amount of Rs. 50,000.
• Provides coverage in case of death, permanent or
  partial disability caused to the owner due to an
  accident
• This cover provides protection to the
  policyholder as well as the paid driver
• Typically, this type of cover provides maximum
  coverage of up to 1 lakh and is subjected to vary
  from insurer to insurer.

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