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How You Can Customise Your Auto Insurance With Add-On Covers

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The competition in the realm of insurance has increased to such an extent that insurance providers are now offering a plethora of options to spruce up your basic auto insurance policy. These add-on covers are available at additional premiums and can coalesce with your standard insurance policy to provide you the most optimum coverage.

Add-on plans offer coverage for several risks in addition to the third party liability insurance and own damage insurance that a standard policy provides. Based on the make of your car, each add-on cover can eventually save you a lot of money that you would have otherwise paid at the time of claims.

Listed below are some of the most popular add-on covers that you can purchase for your car.

  1. Engine Protect cover

    This add-on cover is more relevant to individuals who own luxury cars. The cover is only available for purchase to owners of cars that are not more than three years old. The Engine Protect cover is also called the Machinery Breakdown cover and it compensates for repairs to the engine for damages that are not caused by accidents.

    The advantage of purchasing this cover is that it bears the cost of engine repairs that could be very high in the case of luxury cars.

    It is also useful for people living in areas that are prone to waterlogging.

    It should be noted that this add-on insurance will not cover damages that arise from wear and tear or owner’s negligence.

  2. Zero Depreciation cover

    This is clearly the most recommended add-on cover for auto insurance. This cover enables you to claim the entire cost of car repair following an accident, without having to pay any additional amount to the garage. Usually insurance companies reduce a certain amount from your claim before payout, to compensate for the standard depreciation of car parts, i.e., the loss in their value with time. The zero depreciation cover enables you to receive full compensation without deductions for depreciation.

    Insurers usually provide the zero depreciation cover only for the first three years after the purchase of the car. As the car ages, the premium for zero depreciation also increases. Under this cover, a maximum of two claims can be made during the policy period.

  3. NCB protect

    A No Claim Bonus is given to a policyholder who makes no claims during the policy period. This amount is usually 20% of the premium and it increases annually as long as the subsequent years are also claim-free. Hence, the accumulation of NCB guarantees lower premiums for policyholders in the subsequent years. However, if he files a claim, he will lose the benefit of the accumulated NCB.

    The NCB Protect add-on allows a policyholder to retain the NCB even if he has filed a claim. Hence, this helps in preserving the discount on premium for the subsequent year.

    This benefit will, however, not be available if the policyholder makes a total loss claim or multiple own damage claims.

    To avail the benefit, the policyholder should have accumulated NCB for at least two years.

    This cover is not available for cars that are more than three years old.

  4. Daily Allowance

    This add-on cover provides you compensation for hiring an alternative vehicle in the event of a stolen car. The amount that is reimbursed could vary between Rs. 500 and Rs. 1000 per day, and it is dependent on the model of your car. The reimbursement is given out for 10-15 days.

    But there could be certain exclusions to this cover. For example, you will not be provided compensation if your vehicle is repaired at an unauthorised garage or if it is under repair at a garage for less than three days.

  5. Roadside Assistance cover

    As per this cover, you will be provided certain emergency services like towing, refuelling, flat tyre change and mechanic’s service, round the clock, when you encounter a car breakdown. This add-on insurance cover is offered at a minimal fee by some insurance providers, while others provide it as part of the basic cover. Some insurers extend this add-on cover for renewed policies and do not make it available for new insurance policies.

  6. Return to Invoice cover

    This is a cover that can be added to your insurance policy to protect yourself from car theft. A policyholder who is protected by this add-on cover can avail the original value of the car that is inclusive of registration charges and road tax. If he was not protected by this cover, he would have received only the insured declared value (IDV), i.e., the depreciated market value, of the car.

    An advantage of adding this cover is that if the same model of car is currently available at a lower price in the market, the original price will be considered by the insurer while making the claim payout.

    This cover is useful for drivers who live in theft-prone areas and those who regularly commute long distances on highways at night.

    This add-on cover will not be extended to vehicles that are imported.

    Only owners of vehicles that are less than 3 years old can purchase this cover.

  7. Accident coverage for passengers

    Most insurers offer this add-on cover to policyholders. Under this cover, a lump-sum amount will be paid to the passengers who are insured, if they suffer total or partial disabilities that are permanent in nature. Relatives of insured who lose their lives can also benefit monetarily from this cover. Usually the sum assured under this cover is Rs. 1 lakh per person, but this is subject to variations between insurers.

  8. Consumables cover

    If your car has met with an accident and you have spent a considerable amount of money on the purchase of nuts and bolts, engine oil, screen washers, bearings, etc., you can avail compensation for this spend as long as you are protected under this add-on cover. The cost of such consumables are not included under a standard auto insurance policy. Usually, insurers do not provide this cover for vehicles that are older than 3 years.

  9. Key Replacement Compensation

    This add-on cover protects you from stolen or misplaced car keys. As per the policy, the insurance provider compensates you for charges that were borne by you for the lock and key replacement.

  10. Personal Accident cover

    This cover protects both the owner of the vehicle and the paid driver. If the owner driver is involved in an accident and if there has been a critical damage to his limbs or if he has succumbed to death, he will be paid 100% of the claim amount. This cover, however, is not valid in case the owner does not hold a driving license. If an owner has multiple vehicles, then the personal accident cover add-on is available only for one vehicle.

  11. Loss of Personal Belongings

    Policyholders will be benefitted by this add-on cover if there was a theft of personal items such as electronic equipments, laptop, etc. from their locked car.  

  12. Hospital cash

    If the insured is hospitalised following an accident, this cover provides a lump sum amount on a daily basis, to compensate for the hospitalisation charges. The amount that is paid daily and the number of days it is offered varies between insurance providers.

These add-on covers can be conveniently added to your insurance policy, through the websites of the insurer or via neutral third-party financial websites. While selecting the add-on covers you should focus on your requirements and make a prudent decision at the end.

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

Car Insurance Reviews

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  • HDFC Ergo Car Insurance
    "Need to reduce the premium"
    0.5 4.5/5 "Excellent!"
    I had a car insurance with HDFC Ergo and I felt the premium is very high hence I changed my insurance provider. The customer service is very good. There was no claim experience. The policy period is one year. It is a zero dep policy which includes bumper to bumper and RSA. It is a first party insurance.
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    , hyderabad
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  • New India Car Insurance
    "Good"
    0.5 5.0/5 "Blown Away!"
    My car insurance was recently purchased with New India Assurance through online. When I logged into the online site it gives better option with multiple insurer and I felt New India Assurance is good with reasonable premium and better benefits. I have paid 13,500 rupees for a year. I got the insurance paper. The claim experience is very good.
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    , hyderabad
    Reviewed on Jan 23, 2019
  • ICICI Lombard Car Insurance
    "Good Policy."
    0.5 3.0/5 "Satisfactory"
    I have bought my car insurance with ICICI Lombard for last 5 years which I'm continuing for with the same company. The claim experience was better and when i applied for the same, they have given upto 80%. Its covered with bumper to bumper facility. They have given the claim in 1 week.
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    , bangalore
    Reviewed on Jan 22, 2019
  • Royal Sundaram Car Insurance
    "Good policy "
    0.5 5.0/5 "Blown Away!"
    My car insurance was purchased in the year 2014 with Royal Sundaram. My dealer has recommended me about this policy. I pay the premium amount of Rs. 14000 with the coverage value of Rs. 6.27 lakhs which covered with the bumper to bumper facility.
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    , ahmedabad
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  • Bajaj Allianz Car Insurance
    "Good Policy"
    0.5 3.0/5 "Satisfactory"
    I had taken this insurance policy a while back and the premium amount has been quite good and not too high. The payment method has been easy and there has not been any sort of charges, and the policy covers bumper to bumper. Their customer support has also been responsive and was helpful as well.
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    , mumbai
    Reviewed on Jan 22, 2019
  • ICICI Lombard Car Insurance
    "Its Good"
    0.5 4.0/5 "Great!"
    There was no claim experience for my Tata Tiago with ICICI Lombard. I have renewed the car policy at last june, I paid the amount around Rs. 10,600 because its around 1.5 year old vehicle. I took comprehensive plan which includes loss , damage, ICICI Lombard got tie up many showroom.
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    , new delhi
    Reviewed on Jan 21, 2019
  • ICICI Lombard Car Insurance
    "Best cover"
    0.5 4.0/5 "Great!"
    Very recently I took policy from Car insurance for my new Baleno car, it was done by ICICI bank, they deducted insurance fee from the loan. The loan department issued the policy copy on time. For first year its 100% coverage available its a bumper to bumper with ex showroom.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jan 21, 2019
  • ICICI Lombard Car Insurance
    "Good Car Insurance policy"
    0.5 4.0/5 "Great!"
    I have selected the ICICI Lombard for my car since the dealer has given me this insurance. I have been paying the premium amount of Rs. 15000. This is not covered for the bumper to bumper facility. They have given me a IDV value of Rs, 3.10 lakhs. They are providing the good garage facility all over the city.
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    , bangalore
    Reviewed on Jan 21, 2019
  • United India Car Insurance
    "Yet to experience the policy"
    0.5 3.0/5 "Satisfactory"
    I have applied the claim for my car recently. I have given the car into the showroom and they have asked me to inform in the insurance company. When i visited other branch they have asked me to the home branch. They have given me a sufficient IDV value. Its covered with a bumper to bumper facility.
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    , chennai
    Reviewed on Jan 21, 2019
  • ICICI Lombard Car Insurance
    "Reliable Policy"
    0.5 5.0/5 "Blown Away!"
    Purchased my car insurance through ICICI Lombard and They have given me a low premium since i have taken a loan from ICICI bank. They have given me a good IDV value. This is a bumper to bumper covered policy. They have given me a road side assistance, no claim bonus benefits.
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    , chennai
    Reviewed on Jan 21, 2019
  • National Insurance Car Insurance
    "Good Insurance"
    0.5 3.0/5 "Satisfactory"
    My Honda amaze car got insured with National insurance for one year of tenure period. I think my old premium amount was around Rs.30,000. I took first party comprehensive plan it covers for loss, damage, theft. The customer support is good even the IDV is good.
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    , bhubaneshwar
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  • ICICI Lombard Car Insurance
    "Competitive price"
    0.5 5.0/5 "Blown Away!"
    I have taken a car insurance from ICICI Lombard and the service is really good. I spoke wtih the customer care once for the claim. The garage people taken care of the full settlement process. The premium amount is nominal. They have given me a best claim what they can offer according to their norms.
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    , bangalore
    Reviewed on Jan 21, 2019
  • Royal Sundaram Car Insurance
    "Economic offering and wide accessibility"
    0.5 5.0/5 "Blown Away!"
    Because it was good comparison between other companies hence i have chosen the Royal sundaram. The premium amount is reasonable. The IDV value is good. This a comprehensive policy which covers third party insurance. They have tie up with most of the garages. They have cashless facility in most of the places.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 21, 2019
  • Royal Sundaram Car Insurance
    "Average"
    0.5 3.0/5 "Satisfactory"
    I took my car insurance with Royal Sundaram. I never contacted the customer service. It is a default insurance from the showroom. The premium is high because I go for bumper to bumper offer, road side assistance, zeo dep. It is a first party insurance and no claim. The policy period is one year.
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    , bangalore
    Reviewed on Jan 19, 2019
  • SBI General Car Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    The showroom people has offered me a car insurance policy with SBI. I have made a premium amount of Rs. 22000. They have given me a coverage value of 100%. Total IDV value is 90% of the car value. I have no claim experience till now. The documentation process was done by showroom.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jan 19, 2019
  • National Insurance Car Insurance
    "Smart protection with National"
    0.5 4.0/5 "Great!"
    The major factor to chose National Insurance because of the premium is economic, I took the policy for 3 years the IDV value remains the same for the whole tenure. The customer support is good on time they activated the policy. I have Tata Tiago , its around four months vehicle. Its zero depreciation comprehensive plan. I taken the policy through showroom.
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    , lucknow
    Reviewed on Jan 19, 2019
  • ICICI Lombard Car Insurance
    "Satisfied with the policy"
    0.5 5.0/5 "Blown Away!"
    My car insurance is with ICICI Lombard. The customer services are good and I got the policy documents on time. The policy coverage is good and there are features of a road side assistance is there. The premium is economical too. Good overall.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 19, 2019
  • ICICI Lombard Car Insurance
    "Need to reduce the premium"
    0.5 3.0/5 "Satisfactory"
    I had a car insurance from ICICI LOMBARD which was offered by the showroom at the time of purchasing the vehicle. I felt the insurance premium is very high compared to others. I got a reminder call from the customer service at the time of renewal. It has zero dep for one year.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jan 19, 2019
  • Tata AIG Car Insurance
    "Excellent"
    0.5 5.0/5 "Blown Away!"
    I took my car insurance from TATA AIG through online channel. They have given lesser premium with zero dep and it includes road side assistance. The customer service is very good. The policy period is one year. I have no claim experience. It is a first party insurance.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jan 19, 2019
  • Tata AIG Car Insurance
    "Satisfied policy"
    0.5 5.0/5 "Blown Away!"
    TATA AIG is the best company to take the car insurance. Since long time i have taken this insurance. The customer care people used to call me to renew the policy and they used to policy renewal letter. I will do payment through online. Several times i have claimed the policy and i have received very good response.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Jan 18, 2019
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