Motor Add ons of Insurance Companies

S. No Products name Insurer Add-on Coverages
1 Loss of Income–Add on cover for Commercial vehicle insurance policy-package SBIG Yes In consideration of the payment of an additional premium by the Insured as mentioned in the schedule and realization thereof by the Company, We will pay the amount as shown in the schedule towards loss of income in case insured vehicle meets with an accident and vehicle is under repair arising out of a covered peril mentioned in section 1 of the Policy. We will pay for maximum ….. days. Our liability to pay per day and for the Period of Insurance shall not exceed Benefit amount as mentioned in the Policy schedule.
2 Key Replacement–Add on cover for Commercial vehicle insurance policy-package SBIG Yes In consideration of the payment of additional premium by the Insured as mentioned in the schedule and realization thereof by the Company; Key Replacement- We will reimburse You for the cost of replacing Your vehicle keys which are lost or stolen. In the event of a security risk arising out of the incidence of lost keys of Your Vehicle, We will indemnify You for the cost of installing new locks in Your vehicle. Break- In Protection- We will reimburse You for the cost of replacing Your locks and keys if Your vehicle is broken into. The covered cost includes the labor cost for replacing the lock.
3 Road Side assistance Add on cover Under Long term two wheeler package policy TATA AIG Yes Roadside assistance cover
4 Protection of NCB–Add on cover for Long Term Two Wheeler insurance policy-package SBIG Yes Protection of NCB–Add on cover for Long Term Two Wheeler insurance policy
5 Tyre & Rim Guard–Add on cover for Private Car insurance policy-package SBIG Yes Tyre
Covers expenses for repair and/ or replacement, as may be necessitated arising out of accidental loss or damage to Tyre and tubes.
Rim
If during the Period of Insurance any Rim on your vehicle is accidently physically damaged or warped as a result of a blowout or as a result of it being driven over poh holes, kerbs, or other road debris We will pay the cost of repairs or replacement of the damaged Rim only.
6 ENGINE PROTECTOR(Commercial Vehicle) BAGIC yes a) Repair or replacement of the following internal child parts of the engine : Engine Block, Crank Shaft and its bearings, Connecting Rods, Piston Set, Piston Rings, Cylinder Head, Cam Shaft and its bearings, Inlet and Exhaust Valve, Oil Seals and Packing Kits, Oil Pump.
b). Repair or replacement of the following internal parts of the gear box : Input Shaft, Main Shaft,Counter Shaft, Drive Gear, Shifter Shafts, Fork, Synchronizer Rings, Oil Seals and Packing Kits.
c.) Labour cost incurred by You to overhaul the damaged engine and gear box.As part of this cover, Our per event liability shall be limited to a maximum of 25% of the IDV.
7 ENGINE PROTECTOR(Commercial Vehicle) NICL Yes 1. Engine and/or engine parts arising out of water ingression due to flood/ inundation resulting in hydrostatic lock.
2. Engine and/or engine parts and/or gear box parts and/or differential parts arising by engine seizure and/or gear box/ differential failure due to leakage of lubricating oil directly caused by an accidental external impact on the engine/gear box/ differential.
In addition to the above, the cost of consumables replenished while undertaking the repair or replacement of the parts covered shall also be payable.