HDFC ERGO Launches Motor Insurance Add-on Covers

HDFC ERGO General Insurance, India’s fourth largest private sector general insurance company, has included some add-ons in its Motor Insurance portfolio. Among them the one which can really prove to be beneficial for the customer during monsoon is “Engine and Gear Box Protector.”

This add-on is offered for the consequential damage to the internal child parts of the engine and/or gear box of the Insured Vehicle, arising out of:

Water ingression or leakage of lubricating oil and/or damage to engine and/or gear box of the Insured Vehicle arising out of leakage of lubricating oil due to Accidental means.

Through this cover, the customer can be benefited with the below

1. Repair or replacement of the internal child parts of the engine

2. Repair or replacement of the internal parts of the gear box

3. Labor cost incurred by the Insured to overhaul the damaged engine and/or gear box

4. Engine cylinder re-boring, compression tests & other machining charges

The other motor insurance add-on covers are:

1. Zero Depreciation Cover: This cover pays for the depreciation of part for partial loss claims, which means that you will have minimum out-of-pocket expenses in the event of an accident

2. Loss of Use Cover: Pays a daily benefit for each day that the vehicle is in a garage following an accident, claim being admissible under the Own Damage part of the policy

3. No Fault Claim Protection: Protects the No Claim Bonus accrued, in case of losses on account of specified perils, such as damages due to flood, damage only to windshield etc

4. Emergency Assistance Cover: This cover lets you enjoy a pleasurable & uninterrupted drive. The program assists customers to avail immediate and hassle free On Site Repairs or Towing service in the event of a motor breakdown or accident.

5. Higher Protection and Removal Costs: This cover pays higher cost of protection over and above the amounts as defined by India Motor Tariff.

Generally, the add-ons offer additional benefits and coverage options that may be available to you on paying additional premium. It is always advisable to read through the details to decide whether it suits your requirement or not. At the end the insurance policy should ensure that you to get back in the driver's seat quickly, no matter what happens to your vehicle.