Add-On Covers

Optional benefits added to the base policy for extra protection.

Comprehensive Motor Insurance

Covers third-party liability and damage to your own vehicle.

Cashless Garage

Repairs done without paying upfront; insurer settles bills.

Deductible

Amount you must pay before insurer pays the remaining claim.

Depreciation

Reduction in the value of vehicle parts over time.

Engine Protection Cover

Covers engine damage from water, oil leakage, or lubrication failure.

IDV (Insured Declared Value)

Market value; maximum payout for theft or total loss.

NCB (No Claim Bonus)

Discount on premium for claim-free policy years.

Own Damage (OD) Cover

Covers damage to your vehicle from accidents or disasters.

Personal Accident (PA) Cover

Mandatory cover for injury or death of the owner-driver.

Third-Party Insurance

Legal cover for damage caused to others.

AYUSH Cover

Covers Ayurveda, Yoga, Unani, Siddha, and Homeopathy treatments.

Cashless Hospitalization

Treatment without paying upfront at network hospitals.

Claim Settlement Ratio

Percentage of claims successfully paid by the insurer.

Co-Payment

Your share of medical costs; lowers premium.

Day Care Procedures

Treatments requiring less than 24 hours hospitalization.

Free Look Period

15-day window to cancel policy and get refund.

Network Hospital

Partner hospitals offering cashless treatment.

PED (Pre-Existing Disease)

Illness you had before buying the policy.

Room Rent Limit

Maximum daily room charge covered.

Sum Insured

Maximum coverage amount for a policy year.

Waiting Period

Time before certain conditions start getting covered.

Accidental Death Benefit Rider

Extra payout for accidental death.

Critical Illness Rider

Lump sum paid when diagnosed with critical illnesses.

Level Term Plan

Sum assured remains constant throughout the term.

Maturity Benefit

Amount paid at end of policy term in savings plans.

Nominee

Person who receives insurance benefits after death.

Paid-Up Value

Reduced benefit if you stop paying premiums.

Premium Payment Term (PPT)

Years for which premiums must be paid.

Sum Assured

Guaranteed payout after the policyholder’s death.

Surrender Value

Amount received when policy is ended early.

Baggage Loss Cover

Compensation for lost or stolen checked-in bags.

Medical Emergency Cover

Medical expense coverage during travel.

Passport Loss Cover

Covers replacement of a lost passport abroad.

Trip Cancellation/Interruption

Covers non-refundable expenses if a trip is cancelled.

Personal Liability

Covers accidental injury or property damage caused to others.

Claim Intimation

Informing insurer that a claim has occurred.

Endorsement

Any correction or change in policy details.

Exclusions

Events not covered by the policy.

Premium

Amount you pay to keep the insurance active.

Policy Schedule

Document listing coverage, premium, and terms.

Renewal

Extending your policy for another term.

Riders/Add-ons

Extra coverage for added protection.

Underwriting

Risk evaluation before issuing a policy.