Car Insurance

Zero depreciation is one of the most popular car insurance add-ons. When included with a comprehensive car insurance policy, it is commonly known as zero depreciation car insurance or bumper-to-bumper insurance.

At TATA AIG, this add-on is called Depreciation Reimbursement.

As your car and its parts get older, they lose value over time. This reduction in value is called depreciation. When you make an own damage claim, the applicable depreciation amount on the damaged parts gets deducted. That’s one reason your claim amount may be reduced.

By adding this add-on to your policy, you can avoid this deduction on applicable parts and receive a higher claim amount. This benefit is available for cars up to 10 years old and is limited to the number of claims specified under your policy. Depreciation reimbursement is one of our best-selling car insurance add-ons. On average, around 70% of customers choose this add-on every month.

This add-on is not applicable if no car parts were replaced and no depreciation is deducted under your own damage claim.

It is also not applicable if your car is repaired in an unauthorised garage.

Owners of new cars, people who drive frequently in accident-prone areas, people who drive regularly in busy city traffic, and those who want to avoid out-of-pocket expenses during a claim may benefit from this policy.

If your car is stolen or is damaged beyond repair and declared a total loss, your standard car insurance pays you the IDV of the car.

Since the IDV is lower than the actual on-road price (which includes registration charges, road tax, etc.), you may have to cover the difference.

With the return-to-invoice cover you can cover this difference between your car’s IDV and the on-road price. If the same model is no longer available, we will consider the last listed on-road price of that model.

This benefit is available for cars up to 5 years old.

You cannot claim this add-on if your car’s total loss or theft claim is not approved under your car insurance policy.

In case of theft, you must submit the Police report confirming the theft.

If your car is financed, we may also need approval from your bank before settling the claim.

Owners of new cars and premium or high-value cars, people who have taken a car loan, and people living in areas with a higher risk of vehicle theft or natural disasters, such as severe flooding, can benefit from this add-on.

If you don’t file a claim under your car insurance policy during the policy year, you earn a No Claim Bonus (NCB). This NCB reduces your renewal premium by a certain percentage.

This bonus keeps increasing every claim-free year, starting from 20% to a maximum of 50% after 5 consecutive claim-free years. However, making an own damage claim can take away your accumulated NCB.

With this add-on, you can make one own damage claim during the policy period without losing your accumulated NCB. It is available for vehicles up to 10 years old.

To get this benefit, you must renew your policy every year within 90 days of its expiry.

This add-on does not apply if you make more than one own damage claim during the policy period.

It also does not apply if your car is declared a total loss. You can refer to your policy document for other specific conditions.

Careful drivers who maintain a claim-free record, owners who value long-term savings, and people who want to retain their NCB can benefit from this add-on.

The consumable expenses add-on covers the cost of replacing or replenishing consumables like engine oil, gearbox oil, lubricants, distilled water, brake oil and similar items, while your car is being repaired.

Standard car insurance plans generally do not cover these expenses.

Although each consumable may not cost much, the total cost can increase your repair bill. With this add-on, you can cover the consumable expenses.

You can claim these expenses only when you file an own damage claim. This add-on is available for cars up to 10 years old.

The add-on does not cover the cost of replacing fuel.

It also does not cover consumable expenses if the own damage claim is not approved or if you get your car repaired at an unauthorised garage.

Owners of new or premium cars, people who drive long distances regularly, owners of imported cars with specialised parts, and those who prefer lower out-of-pocket expenses during repairs can benefit from this add-on.

Under the engine secure add-on, we cover the cost of repairing or replacing the internal parts of your engine, gearbox, transmission or differential assembly if they get damaged.

You can claim these expenses if water enters the engine or if lubricating oil leaks from the engine or its respective assembly. We also pay for the cost of consumables such as engine oil and gearbox oil used during the repairs.

To file a claim under this add-on, you need to show evidence of the water damage or oil leakage. You also need to get your car to a garage within 2 days if it was affected by flooding, and avoid any further damage to your car.

Also, for this cover, you will need to pay the applicable deductible from the claim amount before we pay the remaining eligible expenses. You can buy this engine secure add-on for cars up to 10 years old.

This add-on does not cover damage already covered under the manufacturer’s warranty or routine servicing and maintenance.

It also does not cover the aggravation of damage if you delay informing us about the claim or delay moving your vehicle from a waterlogged area.

Damage due to ageing, depreciation, or normal wear and tear is also not covered.

Owners of luxury cars, people living in flood-prone or waterlogged areas, and daily commuters can benefit from this add-on.

The Tyre Secure add-on covers the cost of repairing or replacing your car’s tyres and tubes if they are accidentally damaged.

The amount we pay depends on the remaining tread depth (how much of the tyre’s surface is still left before it wears out) at the time of damage. The applicable payout percentage for each tread depth is mentioned in your policy document.

Also, if your car and tyre are damaged in the same accident, your own damage claim amount is usually reduced because of depreciation. With this add-on, you can avoid this depreciation deduction depending on the remaining tread depth.

And, if your tyre needs to be replaced, we will replace it with a similar specification.

You can claim up to four tyre replacements during the policy period for cars up to 7 years old.

If you replace a tyre, you need to let us know the details of the new tyre to continue the cover. If the tyre is replaced through a claim under this add-on, you can extend the cover to the new tyre by paying the applicable premium.

This add-on does not cover damage caused by normal wear and tear, routine maintenance, manufacturing defects, poor repairs, racing or illegal activities. It also does not cover damage due to neglect or improper usage.

Further, it does not cover damage that occurs within the first 15 days of the policy, when the tread depth is less than 3 mm, or when only the tyre is stolen without the car being stolen.

Please refer to the policy wording for the complete list of such exclusions.

People who own cars with expensive tyres, such as SUVs, who drive regularly on roads with potholes or uneven surfaces may benefit from this add-on.

It is also useful for those who travel long distances where road conditions are poor, and the roads are more accident-prone.

If your car breaks down during a journey, this roadside assistance add-on provides emergency assistance services.

It includes services such as fixing a punctured tyre, jump-starting a dead battery, and carrying out minor repairs on the spot. It also provides assistance if you lock your keys inside the car, run out of fuel, or need towing assistance to the nearby garage.

And if you are stranded outside your city, this add-on can also arrange a taxi, hotel stay, a driver to bring your repaired car back, or inform your friend or family member about your situation.

Some of these services are arranged for your convenience, and you may have to bear the applicable charges. You can buy this add-on for cars up to 15 years old.

To avail of these services, call the Roadside Assistance helpline at 022-6489-8282, and get approval before making any arrangements. Then, take necessary steps to prevent further damage. We will arrange the required service as quickly as possible.

You can use this add-on only if your car becomes immobile due to a breakdown or an accident.

This add-on is available only on national highways, state highways, and motorable roads within India. Please refer to your policy document for other specific conditions.

The services under this add-on are not available in the states of Mizoram, Nagaland, Tripura, Arunachal Pradesh, and Sikkim . It does not cover breakdowns caused by natural disasters, war, terrorism, or other similar events.

It does not cover loss or damage to your personal belongings and cars used for racing or illegal activities.

New drivers who may need quick assistance, people who frequently travel long distances or on highways, and families who often go on road trips can benefit from this add-on.

The key replacement add-on covers the cost of replacing your car keys if they are lost or stolen. You can buy this add-on for cars up to 15 years old.

For example, if someone breaks into your car and damages the lock or key system, we will cover the repair or replacement costs.

This add-on also covers the cost of replacing the damaged locks and keys, including labour charges. For such claims, you need to submit an official Police report confirming the incident.

This add-on does not cover any expenses other than key and lock replacement costs. It also does not cover such expenses for cars that you don’t own.

Owners of premium or luxury cars with smart or remote keys, people who drive frequently, and families with multiple drivers can benefit from this add-on.

This add-on works differently compared to other car insurance add-ons. It does not decide whether your repair costs for glass, fibre, plastic, and rubber parts are paid or not.

Instead, if your car insurance policy covers the repair expenses for these parts, it protects your No Claim Bonus (NCB). You can buy this add-on for cars up to 15 years of age.

This benefit is available only if:

• The damaged plastic, fibre, glass, and rubber parts are repaired and not replaced.
• The repairs are carried out at an authorised garage.
• You make only one such claim during the policy year.
• You do not make any other own damage claim during the same policy year.

This add-on does not apply if you claim only for painting a glass, fibre, plastic, or rubber part without carrying out any repair work.

People who often drive in city traffic, park in crowded areas such as office parking lots, and those who want to protect their No Claim Bonus can benefit from this add-on.

If your car is damaged due to an accident, theft, or natural disaster, or any other risk covered under the policy, your personal belongings may also be damaged.

This add-on covers the loss or damage to your or your family members’ personal belongings. It covers personal belongings like your luggage containing clothes.

If the loss is due to theft, house-breaking, or burglary, you need to submit a Police report. Also, you can file a claim under this add-on only if you have also filed a claim for the incident that actually damaged your car. This add-on benefit is available for cars up to 15 years old.

The maximum amount payable under this add-on is mentioned in your policy document. And, for every such claim, you need to pay the first ₹250 before we settle the claim.

The add-on does not cover loss or damage to items like money, securities, jewellery, watches and similar valuables. It also does not cover items carried for trade or business purposes.

Business travellers, families on road trips, or anyone who regularly carries a lot of personal items in their car can benefit from this add-on.

If your car is damaged due to an accident or any other risk covered under the policy and needs to be towed to the nearest garage, this add-on covers the towing charges.

It can be purchased for cars up to 15 years old. The maximum amount available under this add-on is mentioned in your policy document. To make a claim, you need to submit proof of the towing expenses.

This add-on does not cover towing charges if your claim for the incident that actually damaged your car is not approved.

It also does not cover consequential loss or damage covered under the manufacturer’s warranty or a recall campaign.

Owners of premium or luxury cars, where towing charges can be higher, individuals who frequently drive in accident-prone zones, and people who often take long road trips may benefit from this add-on.

If your car is damaged due to an accident or any other risk covered under the policy, you may not be able to continue your journey. This emergency transport and hotel expenses add-on covers the cost of an overnight stay and transport expenses to get you back home or to the nearest city.

The maximum amount you can claim under this add-on is mentioned in your policy document.

To make a claim, you need to submit proof of the expenses you incurred. This benefit is available for cars up to 15 years old.

The expenses are not covered if you do not have a valid claim for the same incident that damaged your car.

People who travel to remote locations, individuals who frequently go on long road trips, families on weekend getaways, and professionals who regularly drive between cities may benefit from this add-on.

If you, your driver, or anyone travelling in your car is injured in an accident, this add-on covers the emergency medical expenses. It also covers ambulance charges, if required.

If support aids such as crutches, a wheelchair, or artificial limbs are needed, this add-on also covers their cost up to ₹5,000 or 5% of the sum insured, whichever amount is lower.

You can opt for this add-on for cars up to 15 years of age.

This add-on does not apply if the number of people in the car exceeds the actual seating capacity.

It does not cover treatment for injuries that are not directly related to the accident. It also does not cover treatment for psychosomatic disorders or physiotherapy expenses.

You cannot claim expenses under this add-on if the treatment starts more than 5 days after the accident or if you do not submit valid medical bills.

It also does not cover injuries caused by intentional self-harm and accidents that occur after consuming alcohol.

Families who often travel together, parents who drive their children to school, people who frequently drive in accident-prone areas, and those who often travel with elderly family members may benefit from this add-on.

The electric surge secure add-on is available exclusively for electric cars up to 5 years of age.

If your electric car, including its charging equipment, is damaged due to arcing, self-heating, electricity leakage, or a short circuit, including when caused by water entering the electrical system, this add-on covers the repair or replacement expenses.

If the damage is so severe that your electric car is declared a total loss, this add-on pays up to the IDV.

This add-on does not cover damage caused by manufacturing defects or by not following the manufacturer’s instructions for using or charging your car.

It also does not cover damage caused by using batteries, chargers, or accessories that are not approved by the manufacturer.

Damage to the battery is not covered unless its value is included in the IDV or specifically mentioned in your policy.

Owners of electric cars, people who drive their electric cars regularly and frequently charge them at home or public stations, and those who want protection against unexpected electrical damage can benefit from this add-on.

If your standard third-party property damage limit is exhausted, this add-on pays for the additional amount required to pay for your third-party liabilities. It can be for any damage caused to someone else’s property by your insured car.

This add-on is available for cars up to 15 years of age, and the coverage is limited to the amount specified in your policy schedule.

It does not cover damage to your own car or property, or any property under your custody or control.

Owners of SUVs or other large cars that can cause higher property damage in an accident and people who drive frequently on busy roads or accident-prone zones may benefit from this add-on.

If you have filled your car with the wrong or adulterated fuel at a fuel station, this add-on covers the cost of flushing the fuel out and replacing parts damaged due to this incident.

It also reimburses the cost of the wrong or adulterated fuel up to ₹2,000, provided you submit the fuel bill.

This add-on is available for cars up to 5 years of age.

It does not cover the cost of the wrong or adulterated fuel exceeding ₹2,000. It also does not cover more than one claim during the policy period.

People who own and drive multiple petrol and diesel cars, first-time car owners, new drivers, and those who frequently switch between different vehicles may benefit from this add-on.

If your car’s battery needs to be replaced under an own damage claim, this add-on covers the depreciation deducted from the value of the replaced battery.

This benefit is available for cars up to 5 years of age.

The number of claims covered under this add-on and the deductible payable for each claim will be specified in your policy document.

It does not cover the claim if the battery cost is not included in the IDV. It also does not cover repairs carried out at an unauthorised garage.

Owners of electric cars and hybrid cars and owners of cars with expensive batteries may benefit from this add-on.

If the insured person has a vehicle loan and unfortunately suffers death or permanent total disability due to an accident, we will pay the outstanding loan amount.

For this benefit to be applicable, the insured person must have been using the car, the car must be damaged, and the damage must be covered under the policy.

Also, the loan repayment schedule issued by the bank should be submitted.

This add-on does not apply if the damage to the car is not covered under the own damage claim. It also does not cover incidents caused by intentional self-injury, attempted suicide, or driving under the influence of alcohol.

The benefit is also not available if the insured car is stolen or declared a total loss.

It does not cover claims if there was a default in EMI payments, any outstanding EMI before the accident, or consequential losses such as late-payment charges.

Also, the benefit is available for cars up to 5 years old and can be claimed once during the policy period.

Car owners who have a car loan with a high outstanding amount, are the sole breadwinners of their family, and want to ensure financial security for their family may benefit from this add-on.

If your car is damaged due to an accident or any other covered incident, this daily allowance plus add-on helps reduce your travel inconvenience while your car is being repaired.

The hired car may not be of the same make, model, or category as your car. This add-on is not available if your own damage claim is not accepted under the policy, the repairs are carried out outside our garage network, or the claim is only for windscreen or glass damage.

It also does not cover delays caused by the unavailability of spare parts or repair materials. Repairs for damages that are not covered under your policy are also excluded. And, if you have voluntarily chosen to extend the repair time, that condition is also not covered.

Car owners who rely on their car for their daily commute can benefit from this add-on.