List of add-on covers for your car insurance policy!

List of add-on covers for your car insurance policy!

Car Insurance Add-On Covers, in addition to your basic auto insurance policy, provide additional protection for your vehicle. It enables you to deal with unforeseen circumstances like car accidents, engine problems, and a variety of other difficulties and can be added to your policy when you renew car insurance.

What are add-ons to car insurance?

As we already know, add-ons for auto insurance are basically standalone rider plans that provide additional protection. To get more coverage, you can buy an add-on policy after purchasing a standard auto insurance policy or when you do your car insurance renewal through Bajaj Allianz.

Additionally, you have the option to purchase several add-ons at once. Make sure you do your car insurance policy renewal on time to avail all benefits.

What kinds of car insurance add-ons are there?

  • Personal Accident

The Personal Accident Add-on covers expenses resulting from an unanticipated event, such as an accident that leaves the automobile owner injured, disabled, or dead.

  • NCB

Even if you submit a claim for that year, the NCB add-on enables you to receive that concession. You don’t have to worry about a claim-free year if you have this add-on. *

  • Zero Depreciation

When you file a claim, insurers only give you the money after subtracting the cost of depreciation. Zero Depeciation Add-ons give the policyholder a higher claim amount and don’t throw away any depreciation. *

  • Engine Cover Protection

Engine Protection Cover covers the cost of engine maintenance and shields you from future costs. *

  • Cover Consumables

The Consumables Cover pays for all of your car’s consumable components and saves you a tonne of money on its equipment. ##

  • Protection for keys or a replacement cover

You may protect your keys by purchasing a Key Replacement or Protection Cover. It facilitates getting a new key right there in the showroom. *

  • Car Accessories Cover

You can pay for any damages to your car accessories with the aid of a Car Accessories Cover. Without this protection, you are responsible for any supplemental damages. *

  • Roadside Assistance

For daily travel or out-of-town trips, roadside assistance coverage is very beneficial. If your car breaks down while you’re travelling, it gives you all the assistance you need. *

  • Passenger Cover

A Passenger Cover is quite useful, primarily if you routinely transport many different passengers in your car. In the event that the passenger has any unintentional injury, it provides compensation. *

  • Tyre Damage Cover

In the event that you get a flat tyre while travelling, Tyre Damage Cover is quite helpful and supportive. *

  • Loss of Personal Belongings

Your insurance will cover any losses or damages to the majority of your personal belongings kept in the car if you have Loss of Personal Belongings Cover. *

Advantages of Car Insurance Add-ons

  • Help You Retain Concessions: Even if you filed claims throughout the policy year, add-ons could help you keep your NCB Concession. *
  • Protects Engine: By using add-ons, you can better protect your engine from harm. This prolongs the life of your engine. *
  • Emergency Assistance: Adding services enables you to receive all the assistance you require in the event of an emergency while travelling. *
  • Whole Claims: Add-ons enable you to receive the total amount of your claim without the insurance provider subtracting a certain amount for automotive depreciation each time you make a claim. *

One need not buy every add-on cover; instead, one can pick the ones they require the most. To be covered for any unforeseen circumstance, one can purchase comprehensive auto insurance, choose a few add-ons and make sure to get your car insurance renewal from  Bajaj Allianz on time.

* Standard T&C Apply

** Currently, there are 2 tax regimes in India – new and old. To get the tax benefit you desire, choose the correct one after consulting an expert. You can opt for a regime change during the next financial year.

# Visit the official website of IRDAI for further details.

## All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply

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Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

Rosalind Smyth