A joint venture between HDFC Ltd. and ERGO International AG of Munich Re Group, HDFC Ergo General Insurance Company offers a range of general insurance products, including motor insurance for different vehicles.
The insurance company aims to offer innovative products and services at budget-friendly costs. It is also committed to growing by being actively involved in the needs of its customers.
|Features||Coverage and Benefits|
|Claim Settlement Ratio||99%|
|Personal Accident Insurance||Up to Rs. 15 Lakh|
|No Claim Bonus||Yes|
|No. of Zero Dep Claims||N/A|
By purchasing an HDFC car insurance policy, a policyholder can get the following benefits:
HDFC Ergo General Insurance Company offers three types of car insurance policies. These include:
The HDFC third-party liability insurance provides compensation in case of accidental death, injury and property damage of the third person.
Third-party car insurance is a mandatory cover every car owner must have in India. The coverage offered under this policy is limited to Rs. 7.5 lakh for TP damages, while for death or disability, the coverage is unlimited.
The standalone own damage car insurance policy by HDFC Ergo General Insurance Company offers coverage to the insured car when it sustains damages due to unforeseen incidents. Damages arising out of theft, natural calamities, man made calamities, fire, etc., are covered under this plan.
This policy can be purchased with third-party car insurance to enhance the coverage to own damages.
An HDFC Ergo comprehensive car insurance offers broad coverage as it includes both third party liabilities and own damages sustained by the insured car. This vehicle insurance policy covers losses to the insured car due to road accidents, natural disasters, theft, fire, collisions, etc.
Moreover, it also covers accidental third-party liabilities caused due to the insured four-wheeler.
An HDFC car insurance premium calculator is an online tool that can calculate insurance premium before buying a four-wheeler insurance.
As the name suggests, this add-on protects your earned No Claim Bonus reward even if you raise a claim during a policy year. A No Claim Bonus reward is earned for not raising a claim, but as soon as you raise a claim, this reward gets nullified.
To protect this, purchasing an NCB Protector add-on will be the right option.
The depreciation borne by the insured car is not covered in the standard car insurance policy. Thus, when you raise a claim, the insurer deducts the value of depreciation borne by the vehicle over the years.
However, under zero dep add-on, the insurer will pay the whole claim amount without deducting any depreciation.
The return to invoice cover add-on lets you receive the current invoice value of the car in the event of a total loss, damage or theft of the insured vehicle.
Moreover, the first-time registration charges and road tax are also paid by the insurer.
A Consumables add-on offers coverage for repairs or replacement of consumable items like oil filters, brake oil, lubricants, engine oil, etc.
All these items are usually not covered under a standard four-wheeler insurance policy.
A standard comprehensive car policy does not provide compensation for the loss of any personal belongings in a car accident.
However, with the purchase of this add-on, you can get coverage for personal belongings like laptops, cellphones, vehicle documents, etc., present in the insured vehicle.
Any damage to the car’s engine, unless accidental, is not covered under a standard HDFC car insurance policy.
By buying engine protection add-on, a policyholder can get financial coverage for any damage to the engine and gearbox caused due to water ingression, oil leakage or any other accidental means.
Damages to the tyre of an insured vehicle are not covered under a standard car insurance policy.
Under this add-on, a policyholder can get compensated for the repair or replacement of tyres and tubes of the insured car.
Car insurance renewal is a critical step to continue receiving the benefits of your car policy. An HDFC car insurance policy can be easily renewed by following these steps:
If your car has met with an unforeseen peril, you must immediately raise a claim under your four-wheeler insurance policy. Here is how you file an HDFC Ergo car insurance claim:
Intimate the Insurance Provider
As soon as your car sustains unforeseen damages, make sure to inform your insurer about it.
Get Your Car’s Damages Assessed
Upon intimation, the insurer will send a surveyor to assess the damages caused to the insured four-wheeler.
Submit the Required Documents
Now submit the required mandatory documents to the surveyor.
Send Car for Repairs
The surveyor will now send the car to an authorised network garage for repairs
Final Claim Settlement
Once the car is repaired, the insurer will directly settle the claim with the network garage. If the car was not repaired in a network garage, the insurer will reimburse the claim amount after the repairs.
To raise an HDFC Ergo car insurance claim successfully, make sure to keep the following documents handy with you:
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