Comprehensive Policy HDFC Ergo Motor Insurance

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Purchasing the vehicle of your dreams from your hard-earned money makes it a prized possession that you would go to great lengths to protect. While ensuring road safety is important, there are other responsibilities towards the vehicle that you must fulfil, and they start with getting your vehicle insured. Enters HDFC ERGO Motor Insurance Comprehensive Policy.

Regardless of the vehicle you drive, HDFC ERGO Insurance Company has a policy to meet all your needs. The comprehensive motor insurance plan is designed to ensure legal compliance, provide financial protection, and offer additional benefits. Let’s explore the policy in detail.

Highlights HDFC ERGO Comprehensive Policy

Comprehensive coverage for both legal and financial protection.

Unlimited claims throughout the policy year.

No claim bonus up to 50%.

Impressive discounts on the premium.

Get all your insurance related queries answered

Wish to Enhance Your Coverage? Take a Look at the Riders Available

If your existing comprehensive motor insurance does not meet all your requirements, you can opt for the following riders to enhance your protection.

Riders	Details
Zero Depreciation Cover	Through this rider, you can be assured of receiving the actual value of your vehicle, despite depreciation due to age, wear and tear, etc.
NCB Protection	Through this rider, you can be assured that your benefits under NCB accumulated through the years remain untouched and are carried forward in the next policy year. This eases the stress of raising claims, alleviating the worry of losing NCB benefits.
Emergency Assistance Cover	This rider works like your 3 AM friend who steps in to help in times of need. You receive coverage for various services and 24/7 access to services like towing, fueling, repairs, etc.
Return to Invoice	Under this rider, if your vehicle is damaged beyond repair or stolen, the insurance company promises to pay you the difference between your vehicle's Insured Declared Value (IDV) and invoice value.
Downtime Protection	Under this rider, the insurance company provides you with a daily allowance (for commute expenses) for every day your vehicle is at an authorised repair garage.
Engine and Gearbox Protection	Through this rider, you can get coverage for repairing damages in your vehicle’s engine and gearbox.

Features and Benefits of HDFC ERGO Motor Insurance Comprehensive Policy

Securing your vehicle with the HDFC Ergo Motor Insurance Comprehensive Policy comes with multiple benefits that can save you from getting into legal or financial troubles that might arise due to an unforeseen incident on the road. Let’s take a look at the features and benefits of the policy to understand how it offers security for your vehicle:

Legal Compliance

As a vehicle owner, you likely already know that the Motor Vehicles Act 1988 requires every vehicle owner to purchase at least third-party liability insurance. This policy ensures that you get to drive your vehicle legally on the roads of India.

Coverage for Varying Needs

Every vehicle has different needs when it comes to a security policy. This is why purchasing a comprehensive plan is a smart option, as it provides coverage for the various needs of different types of vehicles. Additionally, with comprehensive coverage, you also have the flexibility to opt for riders to enhance protection as needed.

Financial Protection

Even after being a diligent driver, sometimes all of us get into unfortunate road accidents that may lead to damage to either our vehicle, a third party, or a person. This is where a comprehensive policy like this comes into play, covering financial liabilities so that you do not have to pay anything out of pocket.

Exciting Discounts

If you are concerned about the high premiums for comprehensive motor insurance, then this is where your concern ends. The HDFC ERGO insurance company offers multiple discounts, depending on the vehicle type, driver's history, vehicle condition, and other factors. Additionally, you can also claim up to a 50% discount on the premium while renewing your policy if you haven’t made any claims in the previous policy year.

Easy Application Process

Purchasing a policy like this also comes with the benefit of avoiding tedious processes and paperwork. You can directly contact the insurance company to explore plans and purchase the one that best meets your vehicle's needs through an online application and approval process.

Quick Claim Settlement

Imagine getting into a road accident or facing a breakdown of your vehicle without any help. Sounds scary, right? This is why comprehensive motor insurance is a decision worth taking because the insurance company has an impressive claim settlement ratio that is a reflection of the promise to settle your claims any time, anywhere.

HDFC ERGO Motor Insurance Comprehensive Policy: Highlights

Here’s a table highlighting the key aspects of the HDFC Ergo Motor Insurance Comprehensive Policy:

Particulars	Details
Policy Name	HDFC ERGO Motor Insurance Comprehensive Policy
Insurance Company	HDFC ERGO General Insurance Company Ltd
Benefits	Multiple Benefits: Legal Compliance Financial Protection Exciting Discounts Easy Application Process Quick Claim Settlement
Add-Ons	Available Options: Zero Depreciation Cover NCB Protection Emergency Assistance Cover Return to Invoice Downtime Protection
Network Garages	8700+
Claim Settlement Ratio	99.16% for FY 2023-2024

HDFC ERGO Motor Insurance Comprehensive Policy: What is Covered?

Here are the services and coverage that you get to enjoy under the HDFC ERGO Motor Insurance Comprehensive Policy:

Personal Accident

The policy prioritises your safety and therefore provides coverage for treatment charges that you may incur due to an accident while driving the insured vehicle.

Third-Party Liability

If the insured vehicle is involved in an accident that damages a third party or person, the insurance company covers such injuries through this feature.

Fire and Explosion

If the insured vehicle gets damaged due to fire or explosion, the policy promises to cover the cost of such damages or loss.

Accidents

If the insured vehicle is involved in an accident, the policy promises to cover the financial liabilities and provide roadside assistance for repairs, among other benefits.

Theft

If the insured vehicle is stolen, you do not need to worry about the financial burden. The policy covers losses incurred by you due to vehicle theft.

Natural Calamites

Natural calamities are unpredictable and unforeseeable, but the policy ensures that you stay protected. You get coverage for damages done to the vehicle due to natural calamities, such as earthquakes and floods.

HDFC ERGO Motor Insurance Comprehensive Policy: What is Not Covered?

Here’s what’s not covered under the HDFC ERGO Motor Insurance Comprehensive Policy that you must be mindful of:

Depreciation

If the insured vehicle suffers any damage due to general wear and tear or depreciation in its value, the policy does not provide coverage. However, if you have opted for this zero depreciation cover rider, you can get coverage against the depreciating value of your vehicle.

Illegal Driving

If the insured vehicle gets into an accident that causes its own damage, damage or to the owner or third-party or a person, due to reasons like driving without a licence, driving under the influence of alcohol or drugs, etc, then the insurance company is not liable to offer any of the promised coverage.

Electrical or Mechanical Breakdown

If the insured vehicle faces any electrical or mechanical breakdown, you cannot raise claims under the policy for such services.

Pros & Cons of HDFC ERGO Comprehensive Policy

The best feature of the HDFC ERGO comprehensive vehicle insurance plan is its 100% claim settlement ratio

The plan allows the insured to go cashless in terms of your vehicle repairs by availing cashless garage facility in 9000+ garages

This comprehensive plan allows the insured to go ahead with unlimited claims in a year

Another good feature of the HDFC ERGO vehicle insurance plan is that it allows overnight vehicle repairs

You can get your vehicle picked at night and delivered in the morning under the overnight repair facility

The plan doesn’t cover depreciation in the value of the vehicle over time

It excludes any kind of electrical and mechanical breakdown under your vehicle insurance

If you are driving without a valid licence or under the influence of alcohol etc., while damaging the vehicle, the insurance doesn’t cover it

It also excludes any normal wear and tear or maintenance required by regular usage of the vehicle

Our verdict

Once you have purchased your dream vehicle, the next mandatory step is to insure it. And what better than a policy like the HDFC ERGO Motor Insurance Comprehensive Policy, which is designed to offer extensive coverage at affordable premiums? Through riders, you can enhance protection if needed. In addition to its coverage, the insurance company also offers features such as claim settlement within one day of receipt, access to unlimited claims throughout the policy year, paperless claims, and more.

To get your vehicle insured today, visit the Paybima portal directly.

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HDFC ERGO
Insurance Company

A joint venture between HDFC Limited and ERGO International AG, HDFC ERGO is a reputed general insurance company in its sector. It offers a range of general insurance solutions for its private and commercial customers. You can buy health insurance, travel insurance, home insurance, motor insurance as well as commercial insurance plans from HDFC ERGO’s platform. Car insurance is one such product that HDFC ERGO offers car owners in line with the requirements of the Motor Vehicles Act, 1988. The car insurance plans of the company are varied, comprehensive, and are offered at competitive premium rates.

Founded in

2002

Claim Incurred ratio

5.32%

Number of Policies

1,16,00,000 Lakhs Policies Issued

Turnover (GWP)

INR 18,802 crore

JV Partners

HDFC & ERGO International AG

Claims Experience

Claims Experience Rating 4.7

Claim Settlement Ratio (No. of claims)
What % of the claims received were paid?

100%

Network Garages

9000+

Benefits of HDFC ERGO Comprehensive Policy

Key Benefits
Own Damage Cover	Available
Convenience	Easy repairs
Other Benefits
Network Garage	Wide network available
Claim Settlement	Quick and hassle-free
Add-on cover	Add-on benefits available
NCB benefits	Available

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NCB remains valid till 90 days of expiry date of the previous plan. So, you can renew within that period else it will become 0% and you will not get any benefit.

Two-wheeler insurance policies consist of 2 types – comprehensive plans and third-party liability plans.

Long-term policies available are:

Liability only policy for 3 years
Package policy for 3 years
Bundled policy with 3 years liability cover and 1 year cover for own damage

Yes, the third-party motor vehicle policy is mandatory.

If you buy your vehicle insurance online, you would require no paperwork and physical documentation. Also, you would get your policy instantly.

To raise a claim under the policy, please inform the insurance company of the incident as soon as possible through the online portal. Once you have raised your claim, you can perform a self-inspection or a digital inspection for quick approval. You can also check the status of your claim through the insurance company’s AI-enabled claim tracker.

The premium you pay under the policy varies depending on factors such as the age of your vehicle, the type of vehicle you drive, the vehicle's engine capacity and fuel type, and the city where you drive.

Under the policy, you are allowed to make unlimited claims throughout the policy year for your two-wheeler and car-related damages.

Yes, motor insurance is mandatory under the Motor Vehicles Act 1988. Remember that the Act mandates that you have at least third-party liability insurance. However, if you opt for a comprehensive insurance policy, you get to enjoy enhanced protection.