L&T Car Insurance

Private Car Package Policy from L&T General Insurance:

Private Motor Insurance from L&T protects you from incurring any financial loss in the event of your vehicle meeting with an unfortunate accident or theft. The process is simple- you pay the regular premiums as per the sum insured, and L&T Car Insurance will cover your losses in a varied range of scenarios including personal accidents, natural and man-made calamities and third-party liabilities. Motor insurance from L&T acts as a 'property coverage' in the event of damage or loss of the car, and as 'liability coverage' in case of injury or damage of property belonging to a third party.

Key Highlights & Features of L&T Private Car Package:

1. Policy is issued instantly and with limited expenditure of time, effort and documentation.
2. Robust cashless claim settlement at L&T Insurance certified chain of garages across India.
3. Claim assistance available all days of the week (between 7am and 11pm) through a professional team of customer support specialists.
4. Survey will be conducted within 4 hours from the point of claim initiation, if the vehicle has been towed to a workshop.
5. If no claims are initiated through a tenure, then you are eligible for 'No Claim Bonus' that will be offered on renewal of your policy.
6. Free and timely renewal reminders.

Sum Insured per the L&T Private Car Package

The amount that is subject to coverage depends on the IDV (Insured Declared Value) of your car and the overall coverage that is opted for by you. In addition to this, the policy protects you from legal liability claims raised by a third party who has been injured, or whose personal property has been damaged in an accident that was caused by or involved your vehicle. An amount to the tune of Rs.750,000 will be allocated to cover for the aforementioned property damage, while the coverage amount for any personal injury caused is an unlimited sum of money.

Scenarios Covered as per the L&T Private Car Package

Exclusions- Incidents that aren't covered by the Policy

1. General and natural ageing that results in wear and tear.
2. Damage caused to vehicle when the driver wasn't carrying a driver's license, and/or driving under the influence of alcohol or other mood/mind stimulating substances.
3. Mechanical or electrical breakdown.
4. Loss sustained financially as a consequence of the accident.
5. If the vehicle was operated outside India at the time of the accident (this doesn't apply if additional coverage in this regard is purchased).
6. If the vehicle is utilised under an agreement that hasn't been intimated to L&T Insurance.

In Summation, L&T Private Car Package is just what the doctor ordered if you are looking for a simple, scalable, robust and highly responsive private motor insurance to protect your cherished set of wheels. The company's rich history and adherence to quality and performance has certainly brushed off to it's Insurance wing, as can be gauged from the phenomenal response it's been receiving in India. Look no further, enrol TODAY!

GST Update: GST of 18% is applicable on car insurance effective from the 1st of July, 2017

Note:

Larsen & Toubro Limited has divested its complete stake in L&T General Insurance Company Limited. HDFC ERGO General Insurance Company Limited has bought stakes in L&T on June 3, 2016 through a share Purchase Agreement.