HDFC ERGO, TropoGo to launch ‘pay as you fly’ insurance for drone-owners in India

India-based insurer HDFC ERGO has partnered with TropoGo, a deep tech start-up, for the launch of ‘Pay as you Fly’ insurance for drone-owners in India.

The insurance policy will offer commercial drone owners and operators coverage for third party liability claims for property damage and bodily injuries. It is also touted to be the first-of-its-kind in the non-life insurance segment in India, offering on-demand and ‘pay as you fly’ concept.

During the present situation of the Covid-19 pandemic, unmanned aerial vehicles (UAV) or drones are being considered and are also actively being used by the State and Central Governments.

The drones have proven to be efficient and beneficial in public surveillance, crowd monitoring and in certain areas, they are also being used for delivering essential medicines.

In the future, drones are also considered to have the potential of taking up various functions of different businesses, where humans may be unable to perform the tasks.

The insurance has been introduced keeping in mind the safety of third-party assets

In spite of the commercial advantages drones bring, the safety of third-party assets is still unanswered. To address the need, the insurer is offering the new insurance policy which will provide commercial drone owners/operators Third Party Liability claims.

The third-party coverage will include the losses incurred while conducting activities such as survey, mapping, monitoring, disaster relief initiatives, civil administration services, usage during festivals and events, property management and travel & tourism purposes among others.

Registered drone owners/operators holding commercial drone pilot’s certificate or a license issued by certified training schools in the country are eligible for the insurance policy.

HDFC ERGO General Insurance Company managing director and CEO Ritesh Kumar said: “The risk landscape continues to evolve. With the advancement in technology, new risks are emerging that open up new horizons for us to offer innovative products.

“Today, drones are becoming more and more popular in events and other outdoor commercial activities, which require skilled professionals to operate them. But, mistakes in operating and equipment failure may cause damage to third parties.

“Considering this we are launching this cover under our Aviation Insurance, which is a first in the industry, to safeguard drone owners and pilots from any third-party liability while flying a drone commercially.”

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PUC (Pollution under Control Certificate) is mandatory for Renewal of Motor Vehicle Insurance - Mandated by IRDAI

The Insurance Regulatory and Development Authority (IRDAI)has asked insurers to ensure that the direction of Supreme Court of India that stated insurers must not renew any motor policy until the vehicle owner provides a valid PUC certificate is followed strictly with focus on compliance in National Capital Region of Delhi (Delhi NCR).

Hence, the insurance companies will ask you to show the valid PUC or pollution under control certificates at the time of renewal your motor insurance policy.

However, the regulator issued a circular on August 26, 2020 which clarified that insurers cannot reject motor claims on the grounds that the vehicle does not have a valid PUC (pollution under control) certificate.

In a circular issued on August 20, 2020, IRDAI said, "Central pollution control board (CPCB) has raised concerns regarding status of compliance of direction of Supreme Court of India in National Capital Region of Delhi (Delhi - NCR)."

"Also ensure that the direction of Supreme Court of India is followed scrupulously with special focus on compliance in National Capital Region of Delhi (Delhi - NCR)," as per the circular.

In July 2018, concerned over rising vehicular pollution, the Supreme Court, in the matter of MC Mehta vs Union of India, had directed insurers to not insure a vehicle unless it has a valid PUC certificate on the date of renewal of the motor insurance policy.

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Bajaj Allianz Add on Plans - Drive Assure Welcome, Drive Assure Economy, Premium, Prestige and Classic Plans

 

Please find herewith Bajaj Allianz's Motor Add on Plan Details.

Drive Assure Welcome :-

• Depreciation Shield
• 24X7 Road Side Assistance

Drive Assure Welcome Plus :-

• Depreciation Shield
• 24X7 Road Side Assistance
• Key & Lock Cover
• Personal Baggage Cover

Drive Assure Economy :-

• Depreciation Shield
• 24X7 Road Side Assistance
• Engine Protector

Drive Assure Economy Plus :-

• Depreciation Shield
• 24X7 Road Side Assistance
• Engine Protector
• Key & Lock Cover
• Personal Baggage Cover

Drive Assure Drive Smart Premium :-

• Depreciation Shield
• 24X7 Road Side Assistance
• Engine Protector
• Accident Shield (5Lac/Per Person)
• Key & Lock Cover
• Personal Baggage Cover

Drive Assure Drive Smart Prestige :-

• Depreciation Shield
• 24X7 Road Side Assistance
• Engine Protector
• Accident Shield (5Lac/Per Person)
• Key & Lock Cover
• Personal Baggage Cover
• Conveyance Benefit
• Consumables Expenses Cover

Drive Assure Drive Smart Classic :-

• 24X7 Road Side Assistance
• Accident Shield (5Lac/Per Person)
• Key & Lock Cover
• Personal Baggage Cover

Drive Assure Prime Plus :-

• 24X7 Road Side Assistance
• Key & Lock Cover
• Personal Baggage Cover

Sub Limits of Cover :-

• Key & Lock Cover - Sum Insured of 30,000 for Non HEV & 60,000 for HEV Vehicle Segments
• Personal Baggage cover - Sum Insured of 60,000
• Conveyance Benefit - Benefit of 1000 per day for a maximum of 7 days

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Tata AIG Add On Plans - Pearl Plan, Pearl Plus, Sapphire, Sapphire Plus and Sapphire Plus Plus

 

Tata AIG General Insurance Co. Ltd. is the very known and branded insurance service provider.

Tata AIG is offering following add on covers with standard motor policy.

Pearl  :- 

• Depreciation reimbursement
• Emergency Transport Hotel Exp
• Key Replacement
• Loss of Personal belonging
• Road Side Assistance  

Pearl Plus :-

• Depreciation reimbursement
• Emergency Transport Hotel Exp
• Key Replacement
• Loss of Personal belonging
• Road Side Assistance 
• Consumable Expense
• Engine Secure

Sapphire :-

• Depreciation reimbursement
• Emergency Transport Hotel Exp
• Key Replacement
• Loss of Personal belonging
• Road Side Assistance 
• Consumable Expense
• Tyre Secure

Sapphire Plus :- 

• Depreciation reimbursement
• Emergency Transport Hotel Exp
• Key Replacement
• Loss of Personal belonging
• Road Side Assistance 
• Consumable Expense
• Engine Secure
• Tyre Secure

Sapphire Plus Plus :-

• Depreciation reimbursement
• Emergency Transport Hotel Exp
• Key Replacement
• Loss of Personal belonging
• Road Side Assistance 
• Consumable Expense
• Engine Secure
• Tyre Secure

 

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Professional Indemnity Insurance - Liability Insurance - Basics

Sumeet was interested in investing a lump sum amount in a plan which can provide him a certain level of income per year with a minimum risk of capital loss. So he went to a financial consultant, Akshay, who ran a financial consulting agency, to get some advice. Akshay suggested investing in a particular fund according to Sumeet's requirements.

However, Sumeet did not receive any yearly income from the fund, but in fact, suffered a capital loss during the two year investment period. Akshay has not even provided any updates to Sumeet during the investment period of two years regarding the performance of his fund. Later, Sumeet came to know from other sources that the fund was not performing well at the time of original investment.

Therefore, in this case, it is clear that reasonable judgement was not exercised by Akshay while performing his duty as a professional, which had resulted in big losses to his client. Sumeet filed a case against Akshay for professional negligence and the court awarded compensation to be paid by Akshay to Sumeet. Akshay also had to incur legal expenses in defining his case.

Now, we will discuss what is the standard of duty of care expected from professionals in performing their duty, when does a professional liability arise, how can it be covered under insurance and how do the clauses in professional indemnity policies differ from other liability polices..

• Need for professional indemnity insurance :- Professional Indemnity insurance policies are designed to provide insurance protection to professional people such as doctors, solicitors, chartered accountants and architects etc. against their legal liability to pay damages arising out of negligence in the performance of their professional duties. In India, the professional indemnity policy is generally given by the insurance companies to those professional:

1. Who are governed by practices and services as laid down by a statutory organization/body.
2. Who are answerable to the governing council in the event of failure to adhere to these practices.  

Thus the medical professional governed by the Medical Council of India or the Engineers or Chartered accountants would be issued Professional Indemnity Policies.  All other professionals would be issued Error & Omission policies. 

The need for insurance protection to cover these legal liabilities by professionals is felt due to:

• The increasing claims consciousness among their clients.
• More awareness in them about impact of litigation and the high awards in motor third party and other public liability fields nowadays.
• The fact that the professional people, like everybody else, are prone to commit errors in the conduct of their business and especially in the modern conditions of life which is becoming more difficult and complex.

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Basics of Engineering Insurance - General Insurance (Miscellaneous Insurance)

Engineering Insurance forms part of the miscellaneous branch of insurance in the Indian insurance market. 

In India there is no insurance company dealing only in Engineering Insurance Business, but each of the General Insurance Companies has Engineering Department to look after development, marketing, administration and  conduct of the business.

Each company is equipped with a team of qualified, trained and experienced engineers to actively support underwriting philosophy of the company with a sound technical base.

Classes of Engineering Insurance :- various insurance policies issued by Indian insurance companies in the Engineering department can be classified into the following groups.

• Construction Phase Insurance :- These policies are normally "Period" or "One Time" policies, i.e. they are issued for the period of  the project. Like..Contractor's All Risks (CAR) Insurance, Erection All Risks (EAR) Insurance also known as storage-cum-erection(SCE) insurance, Marine cum Erection (MCE) insurance, Contract Works (CW) insurance, Contractor's Plant & Machinery Insurance, Advance Loss of Profits (ALOP) or Delay in Start-Up (DSU) insurance.  
• Operational Phase Insurance :- The Operational phase insurances are "annual" policies renewable at each anniversary. Policies combining both Construction and Operation Phase interests are presently not allowed. Operation Policies are..Machinery Insurance (MI) also knows as Machinery Breakdown (MB or MBD) Insurance, Boiler and Pressure Plant Insurance (BPP), Electronic Equipment Insurance (EEI), Deterioration of Stocks Insurance (DOS), Civil Engineering Completed Risks (CECR) Insurance, Machinery Loss of Profit (following Machinery Breakdown and/or Boiler Explosion) insurance. (MLOP). 

Principles applicable to engineering insurance :- The following basic principles of General Insurance equally apply to all classes of Engineering Insurance business..

• Utmost Good Faith
• Insurable Interest
• Indemnity 
•  Subrogation and Contribution
• Proximate Cause

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Basics of Legal Liability - General Insurance (Liability Insurance)

Legal Liability :- In simple terms, legal liability is the legal responsibility of a person to pay compensation for any damages incurred. Legal liabilities are usually determined by the court even if they are settled mutually among the parties outside the court.

Classification of Legal Liability :- Legal liability may be classified into two categories.

1. Criminal Liability :- It is enforced by the state, resulting into punishment in the form of fine or imprisonment or both.

2. Civil Liability :- Here action is brough by one party against another and dealt with according to law, resulting in payment of damages or compensation to the aggrieved party.

Insurance coverage is provided only for civil liability claims. Any liability arising out of criminal act cannot be covered under insurance. 

Civil Liability :-

• It may arise under common law which may be defined as a body of law consisting of past court decisions, customs and usages recognized by court. Example :- A person may be liable to pay damages to another person under common law for negligently causing bodily injury and/or property damage.
• Civil Liability may also arise under statutory law, i.e. under an act of Parliament. Example:- Under Workmen's Compensation Act 1923, the employer, irrespective of his negligence, may be liable to his employees who meets with an accident whilst at work.
• Civil Liability may also arise under a contact between two parties. Example:- A builder has made a contract with the owner to complete his building within a stipulated period. If the contractor fails to complete the building on time, then he has a civil liability to the owner.

Liability Insurance :- It can be classified into two types based on the category of liability covered.

• Insurance Covering Statutory Liability i.e. liability defined by a specific law example:- Workmen's Compensation Act, Motor Vehicle Act, Indian Steamships Act, Public Liability Act etc. 
• Insurance Covering Tort Liability i.e. common law judgments Example:- Public Liability, Professional Liability, Product Liability etc.  

Liability Insurance is more commonly classified as :

• Property and Casualty Liability i.e. acts of negligence resulting in loss or damage to property or death or injury of third party.
• Financial Liability i.e. negligence resulting in financial losses to third parties e.g. Professional Liabilities, Directors and Officers Liability etc.

The purpose of liability insurance is to provide indemnity to the insured in respect of the financial consequences of legal liabilities. The damages or compensation may become payable whenever any such liability arises under the law.

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United India Insurance Company Limited withdrawn of Top Up Medicare Policy

HO: HEALTH: CIR: 07: 2020-21 30.06.2020 

RE: WITHDRAWAL OF TOP UP MEDICARE POLICY 

Our retail health product ‘Top Up Medicare Policy' shall be withdrawn with effect from 01st October 2020 and will no longer be available for renewal thereafter. 

In view of the above, Head Office has initiated the following action: 

1. Arranged for sending text message and Email to all the existing policyholders of Top Up Medicare Policy, at their mobile numbers/ Email address available in our records, informing about the withdrawal of the product. The dispatch of these messages/ Emails shall commence on or before 01.07.2020. 

2. Arranged for generation of a letter at policy-issuing office to be sent to all the policyholders of this product. The link for generating these letters will be intimated to all operating offices separately through email All the operating offices must immediately print the letters, using the link provided to them, for all the existing customers of this policy and arrange to dispatch the same through recorded delivery and maintain the dispatch records meticulously for future use. 

3. Arranged for display of message regarding withdrawal of Top Up Medicare Policy on our website and also provide a link to the letter to all the existing policyholders regarding withdrawal of the product. 

4. Arranged for publication of notice regarding withdrawal of these two products in two national daily newspapers. The notice will appear in all editions of 'The Times of India' and 'Dainik Bhaskar' on 01.07.2020. 

5. Informed HO IT to initiate all measures to block issue of fresh Top Up Medicare Policy in our software w.e.f. 01.07.2020 and block the renewal also w.e.f. 01st October 2020. However, necessary arrangement will be made in GC core for migration of Top Up Medicare policies to Super Top Up Medicare Policy'. Necessary changes are also being made in the renewal notice for this product. 

The above measures are being undertaken so that all the existing customers are properly informed well in time and the migration process is hassle-free. This is also in accordance with the Regulations. 

Further, please note that in case, the renewal of Top Up Medicare Policy is due between 01.07.2020 to 30.09.2020, at the time of renewal, the policyholder shall be provided an option of renewing his/her Top Up Medicare policy at existing terms, conditions, and premium rates for only one more year. No subsequent renewals shall be permitted as the product ceases to exist w.e.f. 1st October 2020. 

Alternatively, the policyholder has an option to migrate to ‘Super Top Up Medicare Policy’ at an equal Sum Insured. Please note that after migration to Super Top Up Medicare Policy, the premium rates, guidelines and policy terms and conditions of Super Top Up Medicare Policy shall be applicable. Suitable credit of continuity/waiting periods for all the previous policy years would be extended in the new Super Top Up policy, provided his/her existing Top Up Medicare policy has been maintained without a break. 

In case, the renewal is due on or after 1st October 2020, he/ she has to necessarily migrate to ‘Super Top Up Medicare Policy’ at an equal Sum Insured as the product ceases to exist from 1st October 2020. 

Please ensure dispatch of the letters to all the existing customers and also assist them in migration of their policies. 

Download Circular Copy from Here

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IRDAI/NL/CIR/MOT/143/06/2020 - Withdrawal of Long Term Package Cover offering both Motor Third Party Insurance and Own Damage Insurance for three years or five years

In a major relief to insurance agents and brokers, IRDAI has done away with the long term motor insurance policies having at least 5 year cover for new two wheelers and 3 year cover for new four wheelers.

So far, automobile dealers having distribution license or Motor Insurance Service Provider (MISP) were distributing these long term policies at the time of selling vehicles to their customers. As a result, such policyholders approach intermediaries only after three years and five years to renew their cars and two wheelers respectively.

These policies will be discontinued with effect from August 1, 2020. That means, MISP can continue to sell such policies till July 31, 2020.

In a recent circular, IRDAI clarified, “The insurance regulator has reviewed the various options of long term and annual motor insurance covers now being offered to the prospects/policyholders pertaining to own damage. After a careful examination of the performance of long term package covers and the following concerns relating to its implementation since its introduction in September, 2018, the regulator has decided to withdraw long term package covers offered for three years or five years for new cars and new wheelers respectively with effect from August 1, 2020.”

Here are the key reasons for discontinuing long term policies:

Insurance companies found it difficult to assess risks and price the product appropriately due to its long term nature

Distribution of such policies became challenging for some companies

Instances of forced selling due to financial interest

Not so robust post sales services

There was no uniformity among insurers to deal with no claim bonus

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Mandatory Medical Insurance for Workers - MHA Order No. 40-3/2020- DM-I (A)

As per recent government mandate under the National Directives of MHA, GOI dated 15th April 2020, vide Order No. 40-3/2020-DM-I (A) all industrial and commercial establishment work places, must have arrangement for implementation of standard procedures (SOP) before starting their functioning and must have in place a comprehensive mandatory medical insurance for workers.

Now insurers have started offering pre-defined coverage Group Mediclaim Products to fulfill the requirement of small and medium enterprises (SME)...

For Example...

Product Highlights

• COVID -19 coverage from day 1
• No pre-policy checks
• All daycare treatments covered, no restrictive list
• TAT for Cashless claims is less than 20 minutes & for Reimbursement claims less than 48 hours
• Coverage extended to cover family members against COVID 19 pandemic
• Can be offer this employee & employer relationship, small scale and mid-size industrial units, Schools, Mall etc.

Product Features

• In-patient hospitalization
• Pre & Post 60/90 days
• Graded waiting period for specified illnesses
• Discount for opting 20% co-payment (Optional)
• No disease wise limit
• Ambulance cover

For more details about product, please see below given brochure or contacts us.

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IRDAI ADVISORY TO POLICYHOLDERS AND INSURERS RELATED TO COVID 19 LOCKDOWN FOR UN-OCCUPANCY CLAUSE UNDER STANDARD FIRE AND SPECIAL PERILS POLICY

The Authority welcomes the stand of the Indian General Insurance industry regarding continuity of policies in the context of the General Condition in Standard Fire and Special Peril policy where the insureds’ premises are unoccupied for more than 30 days as stated on the website of the General Insurance Council on the 28th April, 2020. This gesture in giving a one-time relaxation for the properties unoccupied during the national lock-down period between 25th March and 3rd May, 2020 is in the interest of policyholders, given the current unprecedented situation. The General insurers have been advised by the Authority to inform the policyholders of how the relevant clause(s) would apply beyond 3rd May, 2020 in all policies and what action is needed by the policyholders to avail of uninterrupted coverage. The insurers need to take a reasonable and suitable approach depending on the local situation in different geographies.

     The insurers have also been advised by the Authority to continue to engage with their policyholders and give them the necessary guidance regarding the policy conditions in general that may get attracted during the lock-down or immediately thereafter. They should communicate directly with the policyholders through email, SMS or other digital means in clear and simple language advising them well in time on the action to be taken by the policyholders for ensuring uninterrupted coverage in all their insurance policies.

     The Policyholders in turn are requested to read the terms and conditions of their insurance policies carefully and be aware of the policy requirements in case they or their insured properties are located in areas where there could be prolonged restriction of movement.

     The Policyholders may directly contact the insurers or take the assistance of Agents or Intermediaries through whom they have availed the Insurance Policies. The Insurers, Agents and Intermediaries who have placed business should work together to ensure that Policyholders are guided appropriately during these difficult times.

ORIGINAL POST LINK : ADVISORY TO POLICYHOLDERS AND INSURERS RELATED TO COVID 19

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Motor Insurance Basic Rates and Third Party Rates

Private Motor Vehicle Rates applicable as per IRDAI

Two Wheeler Rates applicable as per IRDAI

Third Party rates and more details please click here

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Fire Insurance

What actually is the fire insurance and it's need for us? Everyone in his life doing jobs, working hard to earn money for improving livelihood of his life. In a competitive market a business man is trying to improve growth of it's company by improving sales, manufacturing of products as well as controlling unnecessary expenses. Now, suppose what will be the condition if unfortunately you will lose your hard earned money and assets which are necessary to live a life. Similarly the situation for a business will not be good enough if he lost his entire business due to an unknown circumstance. There may be many causes that can change entire life of a human being or it's business. It is not possible to reinstate or compensate for every kind of losses but in the way of insurance a person can get compensate for the losses that can be measured monetary.   

Now, in this article we will discuss about fire insurance and it's requirement in our life. When, we listen  word "fire insurance" it comes in our mind that fire insurance covers risk of damages occurs due to fire and it shows a limitation of coverage but actually there is a wider difference in the word fire and the risks covered by the fire insurance.  Fire  insurance not only cover the risk related to damages takes place due to fire but it also covers the risk of lightning, explosion and implosion, aircraft damage, impact damage, riot, strikes, malicious damage, storm, tempest, flood and inundation, subsidence and landslide including rock slide, bursting and/or overflowing of water tanks, apparatus and pipes, missile testing operations, leakage from automatic sprinkler installations and bush fire are the perils which are included in the fire insurance to provide wider risk cover. 

It is not the end of the risks provided under fire insurance, considering the different needs of humans and organizations, insurance providers have designed fire insurance in 2 parts. First part is the basic risk known as Flexa which we have already discussed above but storm, tempest, flood and inundation is not the part of flexa. It comes in 2nd part of fire insurance, which is additional covers formerly know as add on covers. Add on covers are based on the requirements of individuals or corporate clients. 

Lets discuss upon the add ons and their requirements. The flexa covers are sufficient for an individual person but before discussing about add ons first we needs to understand why we should buy fire insurance and what kind of properties it insured. A fire insurance covers the properties of a person or an organization that can be prone to risk associated with above mentioned perils..like residential house, flats, co-operative group housing society, an office building, factory premises or a manufacturing unit. All these buildings and their contents i.e. Furniture, Fixtures, Electronic Equipment, Plant & Machinery, Household Items, Inventory and other valuables can be easily burns if a fire takes place. Even in case of no fire other perils like lightning, explosion and implosion, aircraft damage etc as mentioned above can be dangerous for the property of a person or an organizations. In the absence of an insurance it could be very much costlier to reinstate these things as the losses occurs could be in lacs to  crores or thousand of crores. 

So considering the risk exposure and variety of risks insurer decides to provide other risk covers associated with nature of occupancy of the properties. A residential house could be in danger if there is flood and associated perils generally known as act of god but these risks are not limited to residentials. To cover these kind of risks an insured can opt for STFI and Earthquake Cover. 

An other add on is "Terrorism", risks related to terrorist activities can be covered by opting this add on.

As we know the needs of fire insurance and its benefits, we are now going to understand the type of fire insurance. There are four types of fire insurance except standard policy which are made to fulfill various kind of requirements of individuals and corporate companies. 

First is "Valued Policy", the main purpose of this policy is to provide the coverage to valuables whose market value can not be decided or ascertained..Curios, Works of Art, Manuscripts, Obsolete Machinery are the examples of these kind of properties. To cover these properties, the value is mutually agreed between the insurer and the insured. The valuation certificate needs to be submitted to take this policy.

Next one is "Floater Policy", the main purpose of this policy is to provide the coverage to manufacturing, trading and other organizations whose stocks are lying at various locations and the value of stock fluctuates due to daily inward or outwards. In a single sum insured all locations can be covered and no need to declare per location sum insured.

Third is "Fire Declaration Policy" the main purpose of this policy is to cover stock on declaration basis. Considering the fluctuation in stock quantity on day to day basis due to inward and outwards, it is difficult for an organization to ascertain the actual value of stock to be insured. Insurer therefore advised to cover these kind of risks under Fire Declaration Policy wherein highest value of stock in a month or average value of stock in a month is to be declared and the premium is charged on the declared value and adjusted at the end of policy if there is any shortfall or refund of premium.

Fire Floater Declaration Policy is provided on the same basis as 'Fire Declaration Policy". The only difference is that in "Fire Declaration Policy" sum insured of each location is separately declared whereas in "Fire Floater Policy" only one sum insured is declared to cover all locations on floater basis.

So, the following are the additional benefits that can be covered under fire insurance.

• Architects, Surveyors and Consulting Engineers Fees 
• Removal of Debris 
• (A) Deterioration of Stocks in Cold Storage premises due to accidental power failure consequent to damage at the premises of Power Station due to an insured peril 
• (B) Deterioration of stocks in cold storage premises due to change in temperature arising out of loss or damage to the cold storage machinery(ies) in the Insured's premises due to operation of insured peril
• Forest Fire 
• Impact Damage due to Insured's own Rail/Road Vehicles, Fork lifts, Cranes, Stackers and the like and articles dropped there from
• Spontaneous Combustion
• Omission to Insure additions, alterations or extensions
• Earthquake (Fire and Shock)
• Spoilage Material Damage Cover
• Leakage And Contamination Cover
• Temporary Removal of Stocks Clause
• Loss Of Rent clause Insurance Of Additional Expenses of Rent For An Alternative Accommodation
• Start up Expenses

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BAJAJ ALLIANZ - DRIVE ASSURE WELCOME COVERAGE

DRIVE ASSURE WELCOME COVERAGE
Cars upto 5 years age can be covered wef 15/7/13
Voluntary Excess deleted
Flat addl Excess of Rs 1000/- on any car model
Proposal Form should mention cover opted
Mid term inclusion of this cover excluded.
Pre-inspection is compulsory
In case of transfer of ownership this add-on expires

Depreciation Shield 
Depreciation amount covered on partial loss claims
Addl Excess waived when repaired at BAPW garages
Depreciation can be claimed maximum twice in a policy.
Not applicable to MD - NTUs &; their renewals, new BMW

Tyres, Batteries and consequential loss are not covered under the policy.

24x7 Spot Assistance

Sr.No.	Cover	KM	Description of Cover
1	Flat Battery	With in 100 km of network city	Alternative arrangement to remove immobilization will be taken care
2	Spare Keys	With in 100 km of home city
3	Flat Tyre	With in 100 km of network city
4	Minor Repair	With in 100 km of network city
5	Towing facilities	With in 100 km of network city	Towing facility is arranged
6	Message relays	Any Where	Communication is made to immediate family
7	Medical Coordination	Any Where	Telephonic assistance is provided
8	Fuel Assistance	With in 100 km of network city	Up to 3 Litres
9	Taxi Benefit	With in 100 km of home city	Taxi is arranged for a location up to 50 kms
10	Accommodation	With in 100 km of network city	Beyond 100 kms from home city & within 100
11	Legal Advice	Any Where	Up to 30 mins in Day timings

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