TATA AIG Auto Secure - Commercial Vehicle Package Policy

• Loss/damage cover for the vehicle insured
• Cover for liability to third party
• Personal Accident Cover for Owner cum Driver
• Towing cover is available
• 6 unique additional covers to customize policy
• NCB benefit can be availed
• Enjoy direct & quick settlement at network garages

Own Damage Cover

Loss or damage to the vehicle insured and/or its accessories is covered against perils such as fire explosion, self ignition or lightning, burglary, housebreaking or theft, riot and strike, earthquake, flood, typhoon & hurricane, accidental external means, malicious act, terrorist activity, in transit by road, rail, inland-waterway, lift, elevator or air, landslide or rockslide.

Cover towards Third Party Liability

Insured is covered against third party liability arising out of the use of the vehicle in respect of death or bodily injury to occupants carried in a vehicle other than the insured’s vehicle. It also covers damage to property other than the property belonging to the insured.

Personal Accident Cover for Owner - Driver

In case of bodily injury/death caused to the owner cum driver of the vehicle, the compensation is payable depending on the nature of injury sustained.

For death and Loss of two limbs/sight of two eyes/one limb & sight of one eye is covered up to 100%, Loss of one limb or sight of one eye is covered up to 50% and Permanent total disablement from injuries other than the specified ones is covered up to 100%.

This compensation is payable, when the death/injury caused within six calendar months of accidental external and visible means. A maximum of Rs 2 lakhs is payable towards personal accident cover during any one period of insurance.

Towing Cover

While the insured vehicle is being used for towing a mechanically disabled vehicle, this cover provides benefits towards third party liability in respect of such towed vehicle, subject to the terms as applicable under the policy schedule.

No Claim Bonus

In case of a claim-free policy year, No Claim Bonus (NCB) is payable as specified under the policy schedule and it is offered on policy renewal.

Following are the additional cover/add-ons that can be opted upon payment of additional premium.

• Depreciation Reimbursement: It pays the depreciation amount deducted on the value of the parts replaced for an approved claim, in case of loss or damage caused to the vehicle insured. It is payable for upto the number of claims as specified, during the Period of insurance. Deductible of 5% subject to a minimum of Rs 1500 for each and every claim shall be applicable.
• Loss of Equipment/Goods: It covers physical loss or damage to equipments/ goods fitted/carried in the vehicle in connection with insured’s business but not for sale purposes, caused by perils as specified under Own Damage cover.
• Additional Transportation Expenses: This add-on covers the additional cost of transportation in hiring of an alternate vehicle including labour charges for loading/unloading at the spot of accident, incurred by you in transporting the goods to the destination.
• Loss of Income: An amount is payable towards loss of income in case insured vehicle meets with an accident and vehicle is under repair arising out of a peril as mentioned Own Damage cover. This add-on cover pays for 20 days in case of claims other than total loss including theft and constructive total loss and 30 days in case of total loss including theft and constructive total loss.
• EMI Protector: This add-on offers to pay your car EMI for a time period your car is in a garage for repair. Once your vehicle is out and running, you continue paying the EMIs. It is payable when the actual repair time is more than 7 days.
• Repair of Glass, Fiber, Plastic & Rubber Parts: A claim for glass, plastic, rubber & fiber part where you choose repairs rather than replacement, at one of the authorized workshops/ dealers/ service stations is covered.

Following are the conditions that are not covered under this policy:

• Vehicle is used outside the geographical area
• The vehicle being used otherwise than in accordance with the ‘Limitations as to Use’ specified
• Any claim arising out of contractual liability
• Loss /Damage outside India
• Mechanical/Electrical breakdown
• Consequential loss
• Depreciation, wear and tear
• Intoxicated driving
• War/War like operations & Nuclear perils, etc.