- About Coverfox
HDFC ERGO General Insurance Company Ltd. is a joint venture between HDFC Ltd. an Indian Housing finance institution and ERGO International AG an insurance entity of Germany's Munich Re group. It offers a wide range of insurance policies for motor, health, personal accidents, travel and home & HDFC ERGO rural plan.
HDFC Ergo insurance policy for car covers Own Damage Car insurance and Third-party liability insurance, additionally you can also, opt for long-term policy for 3 years which would help you as a car owner at the time when needed – in case of an accident or mishaps.
Own Damage: HDFC Ergo two insurance policy will protect you against any loss or damage to the car and its accessories during the following events:
Third Party or Liability: This policy is mandatory by the Motor Vehicle Act 1988, it is provided by HDFC Ergo. This policy is protection against legal liability due to accidental damages resulting in the permanent injury or death of a person, and damage caused to the surrounding property.
Personal Accident Cover: Coverage of 2 lakhs for the owner-driver of the vehicle while travelling, mounting or dismounting from the Car. Optional personal accident covers for co-passengers is also available at premium of 100/person with a sum insured of 2 Lakhs for each.
Legal Liability cover for Paid Driver at a premium of Rs. 50
Nil Depreciation Cover is helpful to combat the depreciating value of your car. With this add-on, there is no deduction for depreciation even on the car's parts, other than tyre(s) and tube(s).
Add- Key benefits offered by NIL Depreciation Cover
With every year the No-Claim Bonus keeps increasing from 20% for the first no-claim year up to 50% for the 5th year. But if in case you make a claim in a single year, this may reduce to zero. To avoid this HDFC Ergo offers No Claim Bonus Protection as an add-on cover.
This add-on cover helps you retain the same ‘No Claim Bonus’ even after claim.
Maximum only up to 3 claims subjected to:
This add-on element covers expenses incurred due to accident, mishaps or any other loss on the consumable items to the car insured and / or to its accessories, as per the policies wording.
Consumable items include nuts and bolts, screws, washers, grease, lubricants, clips, AC gas, bearings, distilled water, engine oil, oil filter, fuel filter and break oil.
The claim is accepted only if the consumables are damaged or replaced due to the following:
This add-on covers for expenses incurred while fixing indirect damage done by water ingression or leakage of lubricating oil leading to loss or damage to:
Stay protected if you are driving your vehicle through water logged area Covers expenditure incurred due to damage to internal Engine and Gear box parts
The claim will be approved if the damages occur due to the flood, storm, landslide, rockslide, etc. and any other perils mentioned under the Own Damage section of policy.
Many times while commuting or travelling you may experience unpleasant event such as, flat tyre/s or running out of fuel. This cover helps you with such emergency breakdowns. This way you can plan any road trip or commute without worrying about the unpleasant events.
On road repair for minor breakdowns, change of flat tyre, emergency fuel, towing facility till the nearest garage.
Below is the list for your reference:
You can add this valuable cover to make sure in case car gets stolen or completely damaged, you get the depreciated value – Insured Declared Value (IDV) of your car under the standard policy.
If you choose this add-on cover, you get the invoice value of the car along with the registration fees, road tax, and insurance.
Under this add-on cover the insurance company will reimburses the cost of daily alternate means of transport until the insured vehicle is repaired or is in workshop under following conditions:
Upto Rs. 500/- per day for private cars (Maximum 5 days for partial loss and 15 days for total loss / theft claims) This benefit is available up to 3 times for partial loss claim and only once for a total loss / theft claim during the policy period.
This cover come with no compromise on the mode of travel You can save money while your car gets repaired in workshop
|Add-on cover||Silver Plan||Gold Plan||Platinum Plan||Titanium Plan|
|Loss of Use/Down Time Protection||No||Yes||No||No|
|Engine and Gear Box||No||No||Yes||Yes|
|No Claim Bonus Protection||No||No||Yes||Yes|
|Cost of Consumables||No||No||No||Yes|
HDFC Ergo General Insurance offers many attractive discounts that the policyholder can avail.
|No. Of Years||Discount|
|One claim-free year||20%|
|Two consecutive claim-free years||25%|
|Three consecutive claim-free years||35%|
|Four consecutive claim-free years||45%|
|Five consecutive claim-free years||50%|
Toll-Free Number: 1800-2700-700
Required steps and supporting documents:
a) In case of Accident
b) In case of Theft
c) In case of Third Party Claims
Step-wise guide to claim:
Take appointment with the surveyor and take your vehicle to any of HDFC Ergo General Insurance authorized network garages for repair, for cashless service. Submit the require documents to the surveyor
Company confirms liability
If possible, opt for cashless garage facility, the company will settle the repair bills directly with the garage up to the amount payable
But in case you do not opt for cashless facility, you have to pay for the repair charges and then submit the bills with claim form to the surveyor/company for settlement
HDFC ERGO is backed with more than 3400 garage networks and quality service with quick solutions. With useful add-ons on offers, the car insurance plan provides comprehensive coverage to protect your vehicle in case of any accident. With an extensive network of cashless garages, prompt and seamless customer service, that claims to have 95% claim settlement ration for car, you should consider HDFC ERGO for your car insurance.