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Car Insurance Add-On Covers

Depreciation Cover

100% payment on the depreciated partsTwo-Wheeler Depreciation Cover
Covers fiber glass, rubber, plastic parts & other depreciating parts

Two-Wheeler Insurance, while being mandatory by law is also something that will give you peace of mind with respect to your vehicle. It will take care of the unforeseen expenses associated with an accident, a natural disaster or a man-made calamity which may have damaged your vehicle. While a basic Comprehensive Bike Insurance Policy will cover most of the expenses, there are certain parts that are not covered by the policy. For that, you need a Zero-Depreciation Cover.

What is a Zero Depreciation Cover?

A Typical Two-Wheeler Insurance Policy will not bear the depreciation component of costs. This is mainly for spares made of plastic, glass, rubber and fiber. These costs must be borne by you. However, if you have purchased a Zero-Depreciation Cover along with your Insurance Plan, the costs will be borne by the insurer.

How is Zero-Depreciation Cover Beneficial?

At the time of your claim, if you are not covered by Zero Depreciation Two-Wheeler Insurance Cover, you will only get compensated basis the depreciated value of the bike. This results in a significant reduction in the claim and the depreciation value must be paid from your pocket even when you have Insurance for your vehicle. Zero Depreciation Add-On Cover helps avoid this unwanted expense. This Two-wheeler Insurance Add-On helps you claim the full amount for your vehicle without factoring the depreciation percentage.

Key Features of a Zero Depreciation Cover:

  • Depreciation Cover is not available for a vehicle more than 5-year-old. If your vehicle is less than the mentioned age, Zero Depreciation Cover will provide you the benefit listed above.
  • 100% repayment on depreciated parts with a Zero Depreciation Cover
  • Smallest of repair costs for durables like tyres, batteries, glass, which attract depreciation are covered with the Zero Depreciation Two-Wheeler Insurance Cover.
  • Number of such claims you can make is limited during the term of the policy. Typically, a maximum of two claims are admissible during the policy period.

Exclusions of a Zero-Depreciation Cover:

  • If any part of your vehicle is not insured by the company and faces damage, the repair amount is to be paid from your pocket and shall not be covered under Zero Depreciation Add-On cover.
  • Items not covered are gas kits, bi-fuel kit, and gas kits
  • Mechanical fault-related damage

One can avail zero Depreciation Cover at the time of purchase of the policy or at time of renewal.

Benefits of Zero-Depreciation Cover from Bharti AXA:

With more than 3.5 million policies sold and multiple awards in recognition of excellent performance, Bharti AXA has a proven track record in the Indian Insurance market. The company offers several flexible and customizable Car and Bike Insurance Plans for its consumers. Moreover, the Add-On Covers offered by Bharti AXA provide an enhanced protection. The company also has a dedicated Customer Service Centre which is operational 24X7 and is partnered with more than 2500 garages across the country for cashless claim settlement.

Personal Accident Insurance for Occupants

Personal Accident Insurance for Occupants

Compensation up to Rs. 2 lakh per person
Total and partial disability covered
Accidental death covered

Not every incident in your life can be controlled by you. You may be an excellent and cautious driver yet one cannot guarantee the same for someone driving towards you from the other side of the road. Accidents can put a halt to everyone’s life and cause a lot of stress.

The best way to take care of these unforeseen circumstances is to get a Personal Accident Insurance as an Add-on Cover for your Two-Wheeler Insurance Plan. This will protect you and the pillion rider in case of an accident.

You can get a Personal Accident Cover at a very nominal premium when you buy a new Insurance Policy or renew an old one. The Add-On Cover will take care of all medical expenses and hospital costs for both the rider and the pillion.

Benefits of Bharti AXA’s Accident Cover Add-On

Accidental Death Benefits

Accidents are unexpected. And if the accidents result in the death of the rider or the pillion, it can have serious implications for the person’s family. Personal Accident Cover provides financial compensation in case of death, which can prove to be helpful for the family.

Compensation for Disability

Accidents may not always result in death but they can lead to temporary or permanent disability. In case such a situation arises, a Personal Accident Cover will bear the medical costs and provide financial compensation for the disability. This compensation amount will depend upon the insurance policy but may not exceed INR 1 lakh.

Daily Hospitalization Cash Benefit

The Personal Accident Insurance Cover provides daily cash benefit in case of hospitalization for up to a maximum of 50 days.

Exclusions of a Personal Accident Cover:

Every policy comes with its own set of restrictions and limitations. Some limitations of this add-on policy are as follows -

1. Death or Injury sustained under the Influence of Drugs or Alcohol -

Any claim that involves the insured person being drunk during the time of the accident shall not be covered by the insurance company. Apart from drunk driving, if any of the insured occupants are under the influence of alcohol or drugs, he/she cannot claim the benefit from the policy.

2. Accident on Purpose -

If the insured rider and pillion are involved in acts like racing or other dangerous acts that they know can lead to accidents, they shall not be entitled to any claim from the insurance policy.

3. Breach of Law during the Accident -

If an accident is caused when the insured party breaks any traffic law, the company shall not cover the party for the same.

How can you avail a Personal Accident Cover for Occupants?

You can apply for this add-on policy with the original two-wheeler policy at the very beginning or take the same during the policy renewal at a small and affordable fee.

A team of experts from Bharti AXA will guide you properly through the process of getting an add-on policy with your main one. Keep the basic information related to your policy with you while opting for an add-on like original policy number, identity proof, etc. as it helps the team process your policy much faster.

To conclude, getting an add-on cover for personal accidents along with the two-wheeler insurance is as important as having any other term insurance to secure your life and those riding along with you.

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