Invoice Price Cover acts as a shield for your car!

For complete protection of your car, you need a shield to guard against theft or total loss. Invoice Price Cover is one such unique product from Bharti AXA General Insurance that has been designed to offer complete protection against theft or total loss of the insured vehicle. Instead of just getting the depreciated value that a vanilla product would offer, you can get the purchase price of the vehicle in case of unforeseen occurrence.

The power of Invoice Price Cover would ensure you get your money’s worth of benefits and more.

What is Invoice Price Cover?

Invoice Price cover is an additional benefit on your standard car insurance policy. The uniqueness of the product is that it covers the ‘shortfall amount’ arising out the difference between the insured value which is based on the age of the car and the purchase invoice price of the vehicle. The customers of this add-on product will recover the purchase price as per the invoice of the car and not just the depreciated value, in the event of Total Loss/ Constructive Total Loss or Theft of the vehicle.

You can buy Invoice Price Cover online along with your car insurance policy at a nominal cost.

What does the Policy cover?

• This add-on covers the “shortfall amount” between the Invoice Price of the vehicle (at the time of purchase of vehicle) and insured value or current replacement value of vehicle whichever is less in the event of a total loss/constructive total loss or total theft of the vehicle. 
• This cover also pays cost of ‘Road Tax’ and first time ‘Registration charges’ on the insured vehicle.

Guidelines : 

• Maximum liability to the company is limited to invoice price of the vehicle.
• The vehicle should not be more than 2 years old on the date of commencement of the policy period and the insured has to be the “First Registered Owner” of the vehicle.
• Vehicle insured should be indigenous.
• The bank/finance company whose interest is endorsed in the policy shall agree in writing.