Liberty Assure Car Insurance Scheme: Service Warranty on Car Repair, No Compulsory Deductibles

Liberty General Insurance has introduced ‘Liberty Assure’ service in their Private Car Package Policy feature as a part of the IRDIA’s new Sandbox initiative. This feature is an industry first and is available to customers across 8 cities in India including Bangalore, Delhi-NCR, Mumbai, Jaipur, Kolkata, Hyderabad, and Chandigarh.

Liberty private car insurance policyholders who file a claim for own damage partial loss of the car between July 03, 2020 and December 31, 2020; will be eligible to avail the benefits of this service at company’s registered PPN workshops only.

It will provide an additional 'service warranty' to its customers at no additional premium charges. Moreover, customers who will avail this service will not be required to pay the compulsory deductibles at the time of claim. Compulsory deductibles refer to a mandatory payment by the policyholder at the time of claim settlement.

Compulsory deductible amount is set by the motor insurance provider that is deducted from the claim amount. For instance, if the compulsory deductible claim amount for your private car insurance policy is set at Rs. 5000 and your claim amount is Rs 10,000 then you will have to pay Rs 5000 from your pocket. But with 'Liberty Assure', this deductible amount will be paid by the insurer. This will help the policyholders save out-of-pocket expense.

Moreover, it also provides an additional 'service warranty' for accidental repairs in any of the Liberty PPN Workshop. This service warranty will be valid for 10000 kms or for a maximum of 6 months. This service warranty will be effective from the date of delivery of vehicle from the registered workshop

In addition to this, the insured can also benefit from free value-added services including engine tune-up, pick-and drop facility , exterior car wash, and the likewise.