HDFC Ergo Automobile Insurance Overview – Forbes Advisor INDIA – Forbes

HDFC Ergo offers four types of car insurance:

1. Liability Insurance

2. Fully comprehensive insurance

3. Independent own damage cover

4. Private Car Package Policy

Liability insurance

This insurance covers you against the statutory liability obligations caused by injury to a stranger, damage to your car or loss of property caused by your car. The Motor Vehicles Act of 1988 made liability insurance mandatory for driving a vehicle in India.

  • Personal accident protection of up to INR 15 lakh available.
  • Medical supplies for injuries sustained by a third person.
  • Up to INR 7.5 lakh for third party property damage.
  • You can take out liability insurance online by submitting the basic documents.
  • The plan does not include any contractual obligations that a consumer might have made.
  • The insurance does not cover damage to persons or property of third parties due to wars and nuclear risks.
  • Claims based on speed tests or organized races are not covered.
  • Premium amount from INR 2,072

The Insurance Regulatory and Development Authority of India (IRDAI) regulates the motor vehicle liability insurance premium annually. For the year 2021, the premium for motor vehicle liability insurance is:

Fully comprehensive insurance

This is an all-round protection plan that will protect you against

A) Third party liability

B) Damage or loss caused by natural disasters such as earthquakes, cyclones and floods, thefts, fires, vandalism and accidents.

C) Injury to a third person

  • Personal accident insurance from INR 15 lakh
  • Allows you to add additional coverages of your choice such as B. Zero depreciation, NCB protection, etc.
  • Has 7500+ network repair shops across India to use your plan.
  • The artificial intelligence tool called IDEAS helps users make their claims.
  • Users can also assert their claims via WhatsApp.

Independent own damage cover

This policy covers all damage and loss caused to your car due to accidents and collisions, natural disasters, fire and theft. To take out this policy, you need active liability insurance.

Private Car Package Policy

This coverage offers the policyholder a one-year insurance cover against damage to his car as well as a three-year insurance cover against damage to third parties or their property. This cover is ideal for new car buyers.

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