There are 12 benefits available, from which the Insured can choose the covers required by him. The list of benefits is furnished below:
- Waiver of the amount deducted towards depreciation on parts, for partial loss claims of the insured vehicle under the Motor Package Policy.
- For total loss claims of the insured vehicle, difference amount between the current ex-showroom price and IDV of the vehicle as mentioned in the Motor Package Policy will be paid.
- The daily rental/travel cost of the Insured will be paid, for the period required to effect vehicle claim setlement (for both partial and total losses), subject to maximum time periods specified for such payment.
- Cover for Insured’s personal effects and belongings in the vehicle which get damaged following an insured peril operation, or get stolen from a locked vehicle, or get stolen along with the insured vehicle.
- Reimbursement of medical expenses incurred by vehicle occupants (including driver, but excluding paid passengers), who get injured as a result of insured peril operation on the vehicle, or while resisting an act of theft/burgalry on the vehicle.
- Personal accident cover, which is more extensive than that available under the basic Motor Policy for all occupants (including driver, but excluding paid passengers). Coverage is granted for all permanent and temporary disabilities, as well as various additional benefits.
- Protection of NCB benefit, wherein Insured’s renewal NCB eligibility is unaffected by all standalone glass claims and is earned, retained or reduced (as per specified chart) for all other claims, depending on existing NCB entitlement and number of claims under the expiring Policy.
- Increased third party property damage liability cover beyond Rs. 750,000 limit, as is available under the basic Motor Policy.
- Reimbursement of cost incurred for removal of debris or wreckage, following damage to the vehicle due to an insured peril operation.
- Cost of towing, removal and storage of the vehicle if it is not repairable at spot, in the above case.
- Cost of hotel accomodation for the vehicle passengers up to 3 nights (subject to maximum limits), if vehicle is damaged due to operation of an insured peril, which requires repairing time above 12 hours.
- Cost of transportation and redelivery of the vehicle (subject to distance limits), if repairs take more than 72 hours and Insured/Driver has left the incident place.
The general exclusions for this coverage are exactly the same as for the Motor Package Policy. There are specific exclusions applicable for each of the separate benefit Sections of this coverage.
- Out of the list of benefits given above, Insured can choose as per his requrement. A minimum of 3 Sections have to be chosen, but there is no compulsory Section specified.
- For most of the listed benefits, there are maximum monetary limits, which are either specified or have to be opted for by the Insured.
- The last three benefits of the coverage items listed above are available for private cars, only at those centres where Iffco Tokio’s On Road Protector Coverage is not available.
- The premium computation is done separately for each Section and the minimum premium for this coverage is Rs. 1,500 plus S.T. for private cars.
