Motor Insurance - Detailed Disclosures

1. Product & UIN Disclosure

This page relates to the following Private Car insurance products of IndusInd General Insurance Company Limited:

Base Products

IndusInd Private Car Package Policy – UIN: IRDAN103RP0010V02100001

IndusInd Private Car Package Policy – 3 Years – UIN: IRDAN103RP0005V01201819

IndusInd Private Car Policy – Standalone Own Damage – UIN: IRDAN103RPMT0004V03202425

“A” Policy for Act Liability Insurance (PC/TW/Commercial) – UIN: IRDAN103RP0003V01200102

“A” Policy for Act Liability Insurance (Private Car – 3 Years) – UIN: IRDAN103RP0003V01201819

Add-On Covers (where opted and premium paid)

Engine Protector – UIN: IRDAN103RP0005V01201819/A0020V01201819

Consumable Expenses – UIN: IRDAN103RP0005V01201819/A0011V01201819

Nil Depreciation – UIN: IRDAN103RP0002V01201920/A0023V01201920

Key Protect Cover – UIN: IRDAN103RP0005V01201819/A0021V01201819

Limit Sure – Pay As You Drive – UIN: IRDAN103RP0007V02201829/A0033V01202223

NCB Retention Cover – UIN: IRDAN103RP0005V01201819/A0017V01201819

Easy Monthly Installment (EMI) Protection – UIN: IRDAN103RP0005V01201819/A0023V01201819

Coverage under each product and add-on is governed strictly by the respective policy wording and endorsement documents.

2. Premium Disclosure

Motor insurance premium is paid for coverage against risks associated with owning and operating a vehicle, including accidental damage, theft and third-party liability.

Premium varies based on:

Vehicle make, model and variant

Cubic capacity

Vehicle age

Registration location / RTO

Insured Declared Value (IDV)

Policy tenure

Add-ons selected

No Claim Bonus (NCB) eligibility

Claims history

Underwriting assessment

Applicable regulatory guidelines

Any premium illustration displayed on the website is indicative in nature and excludes applicable taxes (e.g., GST), unless stated otherwise.

Motor Third-Party Liability premium is regulated under applicable law and may be revised from time to time by IRDAI/MoRTH.

Risk cover commences only upon receipt of premium in accordance with Section 64VB of the Insurance Act, 1938.

3. Premium Illustration – Maruti Suzuki Alto 800

Where a “Starting at ₹”, “Premium from ₹” or similar pricing statement is displayed for Maruti Suzuki Alto 800, such premium is calculated based on the following illustrative configuration:

Vehicle: Maruti Suzuki Alto 800

Cubic Capacity: Less than 1000 cc

Policy Type: 1-Year Own Damage Policy

Insured Declared Value (IDV): ₹2,34,728

Annual Premium: ₹2,853 (excluding applicable taxes)

Monthly Illustration: ₹238 per month (derived as ₹2,853 ÷ 12)

The above premium is calculated as per rating data applicable at the time of computation and may be updated periodically in accordance with underwriting and regulatory revisions.

This illustration:

Applies only to the specified configuration

May not apply to other variants, fuel types, IDV selections or geographical locations

Excludes applicable taxes unless stated otherwise

Does not represent a guaranteed premium for all customers

Where monthly premium is displayed, it is derived for illustration purposes only and does not constitute a separate monthly policy unless explicitly offered under an approved instalment facility.

4. Discount Disclosure

Discounts depend on factors such as:

Vehicle specifications

Vehicle age

Geographical location

No Claim Bonus eligibility

Discounts are calculated on the Basic Own Damage premium component and apply exclusively to the Own Damage section.

Benefits under add-ons such as Limit Sure – Pay As You Drive are subject to eligibility and policy terms.

Savings percentages displayed on the website are indicative and may vary based on underwriting assessment and vehicle details.

5. Network Garage Disclosure

The number of garages mentioned on the website represents the total number of garages empanelled across the country for different vehicle categories.

Cashless repair facility is available at network garages subject to:

Policy coverage

Claim admissibility

Surveyor assessment

Repair authorization

The network garage list is dynamic and may change periodically.

6. Scope of Coverage

Coverage under Private Car insurance may include:

Own Damage

Third-Party Liability

Personal Accident cover (where applicable)

Add-on covers (if opted and premium paid)

The extent of coverage depends on the policy variant selected.

7. No Claim Bonus (NCB)

No Claim Bonus:

Is earned upon completion of a full policy term

Is applicable only at renewal

May lapse if the policy is not renewed within the permissible period

Is subject to verification of prior policy details

Incorrect declaration of NCB may result in premium adjustment or cancellation.

8. Inspection & Underwriting

Policy issuance may be subject to:

Vehicle inspection (particularly in break-in cases)

Underwriting review

Submission of required documentation

Inspection waiver, if offered, applies only to eligible vehicles.

The insurer reserves the right to revise or cancel coverage in case of material misrepresentation.

9. Geographical Limits

This insurance policy is valid only within the geographical limits specified in the policy document, unless endorsed otherwise.

10. General Exclusions (Illustrative)

Motor policies generally exclude:

Wear and tear

Mechanical or electrical breakdown

Consequential loss

Driving without a valid licence

Driving under the influence of alcohol or drugs

Use outside limitations as to use

War, invasion, civil war

Nuclear risks and radioactive contamination

For a complete list of exclusions, please refer to the policy wording.

11. Prohibition of Rebates

In accordance with Section 41 of the Insurance Act, 1938 (as amended), no person shall offer or accept any rebate of premium except as permitted under applicable regulations.

12. Privacy & Data Usage

Personal information provided during policy purchase or claim processing will be used in accordance with the Company’s Privacy Policy for underwriting, servicing and claims administration.

13. Grievance Redressal

Grievance redressal procedures are governed by applicable IRDAI regulations. Customers may refer to the Grievance Redressal section on the website for details.

14. Governing Clause

Website content is for informational purposes only. In the event of any inconsistency between website content and the policy document, the policy wording shall prevail.

Insurance products are subject to underwriting and regulatory guidelines.

Insurance is the subject matter of solicitation.