Individual Insurance
Individual insurance policies are tailored to offer coverage and financial safeguarding for a single person, addressing specific risks like illness, disability, and death, or covering personal assets such as cars, motorcycles, homes, and more.
These policies encompass a wide array of insurance types, including health, life, vehicle, home, travel, personal accident, and cyber insurance, among others. The primary aim of individual insurance is to protect individuals and their families from unforeseen incidents, ensuring their financial security and stability during times of need. Through these personalized insurance solutions, individuals can effectively manage risks and preserve their financial wellbeing.
Types of Individual Insurance
Private Car Insurance
Private Car Insurance: Tailored for personal cars and SUVs used for private purposes, this insurance covers damages from accidents, theft, natural disasters, and third-party liabilities. It’s designed to protect the vehicle owner against financial losses associated with repairs, replacements, and legal issues arising from vehicle use.
Objective of Private Car Insurance
Financial Protection Against Physical Damage from Accidents.
Provides Financial Protection Against Theft and Non-collision Damage (E.g., Vandalism, Weather-related Damage, Impacts with Stationary Objects).
Coverage For Third-party Liability Arising From Vehicle Incidents.
Types of Car Insurance
Car Insurance caters to diverse needs through various plans, each with unique features and benefits
Third-Party Insurance / Liability Only
Covers damages to third parties.
Comprehensive Insurance
Combines third-party and own damage Insurance, offering extensive coverage.
Own Damage Insurance
Covers damages to your own vehicle.
Mandatory Requirement*: As per the Motor Vehicles Act of 1988, all vehicle owners are required to have insurance for public road use, covering potential damages to third parties.
Add-ons
Depreciation Reimbursement
Covers depreciation on replaced vehicle parts.
Daily Allowance
Provides a fixed daily sum for alternative transport when the insured vehicle is under repair.
Return to Invoice (RTI)
Covers the gap between the insurance payout and the vehicle’s original purchase price or replacement cost in total loss scenarios.
No Claim Bonus Protection
Protects your No Claim Bonus even after a claim.
Repair of Glass, Fibre, Plastic & Rubber Parts
Ensures minor repairs don’t affect claims.
Loss of Personal Belongings
Covers loss or damage to personal items in the vehicle.
Emergency Transport & Hotel Expenses
Covers accommodation and return transport costs after an accident.
Key Replacement
Reimburses the cost of replacing lost or stolen vehicle keys.
Courtesy / Hire Car
Provides a temporary vehicle for major repairs or total loss claims.
Engine Secure
Covers engine and gearbox loses due to water ingress or oil leakage.
Tyres Secure
Covers repair or replacement of tyres and tubes from picular damages which are not covered in regular policy.
Consumable Expenses
Reimburses the cost of consumables used in accidental repairs.
Roadside Assistance
Offers support for flat tyres, battery issues, emergency fuel delivery, and towing.