Iffco-Tokio Private Car Package Policy

Under this add-on the company will pay the full claim without any deduction for depreciation in the event of an accident. (Excludes Tyres and Batteries)

Under this add-on, if the Insured Vehicle becomes a Total Loss within the prescribed age of the vehicle, the company will pay for the actual amount difference between the IDV (Insured Declared Value) of the Insured Vehicle and the current Ex-Showroom price of New Vehicle of same make, model, features, and specification.

Special Conditions

1) The Insured Vehicle is available for sale as New Vehicle in India and is not out of production; otherwise for such vehicles which are out of production the claim will be settled as per . Total Loss claim settlement of Standard Motor Package Policy.
2) If the Insured Vehicle goes out of production after commencement of insurance; then the difference between last available Ex-Showroom price of the insured Vehicle and IDV (Insured Declared Value) will be paid.
3) The available Ex-Showroom price for the Replacement of the vehicle cannot be for a date after the settlement of Total Loss Claim for the insured vehicle under Own Damage section of Motor Policy.
4) Insurance Cost: The company will also pay for the insurance cost of contracting a new Insurance Policy on the same terms of insurance for the same make, model as that of insurance of the Insured Vehicle which is subject to the Total Loss. This payment of Insurance Cost will be made after deducting the pro-rata premium of Insurance Policy of Insured Vehicle for the period of insurance from the inception till the date of accident on which the Insured Vehicle has become subject to the Total Loss.
5) Registration Cost: The company will also pay for the On-Road cost i.e. including Registration and Road Tax cost for the New Replacement vehicle on the same terms including make, model as that of the Insured Vehicle after accounting for any refund obtained from Registration authority for the Insured Vehicle.

Exclusion(s)

The company will not be liable for:-

1) More than actual amount of difference between Ex-Showroom price of New Vehicle of same make, model, specification as that of Insured Vehicle and the IDV (Insured Declared Value) of the Insured Vehicle meaning thereby that the company is not liable for the difference between the lower IDV (Insured Declared Value) than the prescribed IDV (Insured Declared Value) under the Standard Motor Package Policy for the insured vehicle and New Replacement cost of the Vehicle.
2) Any Claim for Insurance cost unless the New Replaced Vehicle is insured with the company.
3) Any claim on account of difference in amount due to change in location of Registration Authority or of insurance zone for the purpose of premium computation from the place for which Registration fees, Road Tax and insurance premium was paid in respect of the insured vehicle.

Under this add-on, if the Insured Vehicle is lost, damaged in accordance with Section B, “Scope of Coverage” and there is liability to the company under own damage section of Standard Motor Package Policy, the benefit of Daily Rental/Travel Cost will be paid to Insured.

Special Conditions

Total Loss Claim(s): If the Insured Vehicle is stolen, damaged and is subject to Total Loss Settlement within the Scope of Standard Motor Package Policy for Private Car(s)/Two Wheeler(s); then company will pay for the arrangement of a rental vehicle or give daily travel cost subject to the following.
a. Until the claim is settled as per total loss claim settlement in accordance with the Condition mentioned under Standard Motor Package Policy.
OR
b. A maximum of 30 days from the date of accident resulting into loss/damage,
Whichever is earlier of a) or b)

Limit of Liability

Table 3A (Private Cars)
IDV (Insured Declared Value)	Daily Rental Cost*
(i) Upto Rs. 4 Lacs	Rs. 600/-
(ii) Above Rs. 4 lacs and upto 8 lacs	Rs. 900/-
(iii) Above Rs. 8 lacs and upto Rs. 12 lacs	Rs. 1,200/-
(iv) Above Rs. 12 lacs and upto Rs. 20 lacs	Rs. 1,500/-
(v) Above Rs. 20 Lacs	Rs. 2,000/-
(vi) As opted by insured in the Standard Private Car Package Policy.	As opted by insured but not exceeding 1% (one percent) of IDV (Insured Declared Value)

The Maximum Daily Rental or Travel cost, company will pay as per following table:-
*The limit for Daily Rental/Travel Cost is for each 24 hours.

Partial loss settlement: If the Insured Vehicle is stolen, damaged and is subject to partial loss settlement within the Scope of Standard Motor Package Policy for Private Car(s)/Two Wheeler(s), then company will pay the Insured for arrangement of a rental vehicle or give daily travel cost subject to the following:-

a) This daily rental travel cost will be provided
i) From the date and time, repairs to the Insured Vehicle(s) is/are authorised by the workshop Manager as per the job card
OR
ii) The date the Insured Vehicle is made available for repair to be commenced;
Whichever is later of a (i) or a (ii) of above.
b) The Maximum daily rental cost payable is as per the benefit(s) given in the Table 3A/3B, mentioned for Total Loss Settlement as per the following provision(s)
i) For a maximum of 14 days
OR
ii) Until the repairs have been completed
OR
iii) Until the company settles the claim by paying the Insured or Repair shop
OR
iv) The delivery of insured vehicle taken by the insured or Insured’s representative,
Whichever happens first of b (i) to b (iv).

Exclusion(s)

The company will not be liable for:

a) First 24(Twenty Four) hours, of period of company’s liability in accordance with the coverage.
b) The cost of fuel and other running, maintenance cost, Driver fees for the rental vehicle.
c) Damage to rental vehicle and/or any liability arising out of use of said vehicle.
d) More than 50% (Fifty Percent) in respect of Private Car(s) of daily rental charge/travel cost unless the bills, receipt towards hiring and use of rental vehicle are submitted.
e) Unless there is a claim lodged and liability accepted under Own Damage Section of Standard Motor Package Policy except stated otherwise.

Under this add-on, the company will cover the risks of Personal effects, Belonging and Clothing’s belonging to Insured Person which are in/on the insured vehicle

1) Damaged as a result of insured perils operating upon the Insured Vehicle.
2) Stolen from the locked Insured Vehicle.
3) Stolen at the same time as Insured Vehicle is also stolen.

Basis of Claim Settlement:

The actual value of property stolen/damaged i.e. New Replacement cost of any item in India less an allowance for age, wear & tear and depreciation will be paid in case of any claim.

Limit of liability

Table 4A		Table 4B
Private Car		Two Wheeler
Cubic Capacity	Limit	Cubic Capacity	Limit
(i) Up to 1000 CC	Rs. 7,500/-	(i) Up to 150 CC	Rs. 2,000/-
(ii) Above 1000 CC and up to 1750 CC	Rs. 10,000/-	(ii) Above 150 CC and up to 300 CC	Rs. 3,000/-
(iii) Above 1750 CC	Rs. 15,000/-	(iii) Above 300 CC	Rs. 4,000/-

A maximum amount payable in any one event is as per the following limits.

Exclusion(s) The company will not pay for:

a) Money, Stamp, debit or credit cards, tickets, vouchers, documents, securities.
b) Any jewelry items including gems, stones.
c) Goods or samples carried in connection with any trade or business.
d) Mobile phones, Radio cassette or CD Players, laptops and/or any accessory of the Insured Vehicle.
e) Property stolen unless the Vehicle is locked and all doors and windows properly fastened while unattended.
f) Any Claim unless the complaint of items lost/stolen is registered with concerned legal Authorities and report copy obtained.
g) Any Claim in respect of paid passengers or for other than insured person(s).

Under this add-on, the company will cover the Medical Expenses up to the limit in the schedule for each insured person who is injured as a result of insured perils and such injury(s) is/are sustained in direct connection with the insured vehicle or whilst mounting into/dismounting from or travelling in/on the insured vehicle.

Additional Benefits -

Special Expenses for Female Insured Person(s), the company will cover the expenses incurred towards hiring the housemaid or housekeeper, tuition fees for their children for the period of disability in respect of female insured person(s) who are injured and for whom the liability for medical expenses have been accepted by the company under this coverage. The maximum amount payable is 0.25% (One Fourth of a Percent) of limit of liability for anyone insured person as mentioned in Table 5A for each day of disability. The limit of liability will be as under:

Table 5 A
Class Of Vehicle	Limit for anyone Insured Person	Limit for all Insured Persons
Private Cars and other four wheeled vehicles used for carrying passengers for hire and reward with carrying capacity not exceeding 6 (Six) passengers (Taxis).	As opted by Insured	Twice the limit for anyone Insured Person
Two Wheelers	As opted by Insured	Same as that of limit for anyone Insured Person

The Minimum Limit for all vehicles except Two Wheelers and Three Wheeler will be Rs. 50,000/- (Fifty Thousand) per anyone insured person and for Two Wheeler/Three Wheelers, it will be Rs. 25000/- (Twenty Five Thousand). The Sum Insured/Limit can be opted also in the multiples of Rs. 50,000/- (Fifty Thousand) for all other vehicles and in the multiples of Rs. 25,000/- (Twenty Five Thousand) for Two Wheelers/Three Wheelers.

Special Provision(s) If Insured opts to choose the Limit of Liability on named basis, or any other basis as specifically agreed by the company, then the limit for will be as per the option chosen against each person, and the total limit will be the limit any one person multiplied by the total number of persons for whom the limit have been opted, but the total limit cannot exceed the seating capacity of the vehicle multiplied by the limit for Individual person opted by Insured.

Exclusion(s): The company will not be liable for:

a) Medical expenses whilst the driver driving the Insured Vehicle is under the influence of intoxicating liquor or drugs.
b) Medical Expenses for more than number of passenger(s) legally entitled to travel in the Insured Vehicle and also more than actual number of insured person(s).
c) Any Claim unless there is liability under own damage section of Standard Private Car Package Policy by same peril(s) as that of in this extension except for operation of insured peril(s) of Theft, Robbery, Burglary where the occupant(s) of the vehicle get(s) injury whilst attempting to resist the act of Robbery, Dacoity, Burglary and in such an event a written complaint with the Police must be filed and the copy of report obtained.
d) Any cost of Medicine, Vitamins, Tests not supported by Doctor’s prescription.
e) Medical Expenses unless the treatment to injury is not started being obtained within 24(Twenty Four) hours of act or attempted act of Burglary, Robbery, Dacoity upon the Insured Vehicle.
f) Medical expenses of injured person(s) beyond 30(Thirty) days of the date of injury for normal treatment and beyond 60 (Sixty) days if the insured person(s) is/are hospitalized as an In-patent for more than 7 (Seven) days in the Hospital following injury.
g) Any Claim in respect of any person including paid passenger other than Insured Persons.
h) Any Claim unless the bills, receipts towards medical expenses and the certificate for the period of disability following injury, by Registered Medical Practitioner is/are submitted to us.
i) Additional benefits of special expenses of female insured person(s) for a period exceeding 60(Sixty) days since the date of injury.

Under this add-on, the company will pay compensation for bodily injury/death sustained by the insured person(s) in direct connection with the Insured Vehicle whilst mounting into/ dismounting from traveling in/on the Insured Vehicle caused by accidental means which independent of any other cause shall within six calendar months of such injury result in death or a disablement as described in the policy schedule.

Table 6 Benefits
Nature of Injury/Facility	Scope of Compensation as percentage of Sum Insured
1. Death	100
2. Loss or Inability of
a) An arm at the shoulder joint	70
b) An arm to a point above the elbow joint	65
c) An arm below the elbow joint	60
d) A hand at the wrist	55
e) A thumb	20
f) An index finger	10
g) Any other finger	5
h) A leg above the center of the femur	70
i) A leg up to a point below the femur	65
j) A leg to point below the knee	50
k)A leg up to the center of tibia	45
l) A foot at the ankle	40
m) A big toe	5
n) Some other toe	2
o) An Eye	50
p) Hearing in one ear	20
q) Sense of smell	10
r) Sense of taste	5
3. Temporary Total Disablement benefit at the rate per week.	1% (One percent) or Rs. 10,000/- (Rupees Ten Thousand) whichever is lower.

Additional Benefit

1) Funeral Expenses/Transportation of Dead Body: -The company will pay for the Funeral Expenses or Expenses for Transportation of the dead body following the death of the Insured Person as per liability under this benefit of a Personal Accident subject to a limit of Rs. 3000 (Rupees Three Thousand) for anyone insured person for any one event provided that the accident takes place more than 100 (One Hundred) Kilometers from the Place of Residence/Work.
2) Rehabilitation Program Benefit: - If the Insured Person is entitled to a compensation for Permanent Total Disablement benefit(s) within the Scope of the Compensation as a percentage of the Sum Insured for 50% (Fifty Percent) and above as per the Table 6 of Benefits, then the company will pay up to 10% (Ten Percent) of the Capital Sum Insured (CSI) or Rs. 50,000 (Rupees Fifty Thousand) whichever is lower in addition to CSI for the cost incurred by Insured Person(s) to undergo Rehabilitation program to adjust to the injuries sustained. This limit is per Insured Person per event.
3) Cost of Supporting Items: - The Company will cover the expenses for the cost of supporting items such as crutches, stretcher, tricycle, wheelchair, spectacles or any other item(s) which is/are necessary for insured person(s) as per the opinion of Registered Medical Practitioner. It is further provided that this cost of supporting items is/are payable if the company is liable in Part 5 (Medical Expenses) and/or Part 6 (Personal Accident). The maximum amount payable for any one insured person for anyone event would be limited to Rs. 10,000 (Rupees Ten Thousand) only.

Important Point:-

The cost of supporting items is available for both Personal Accident Coverage and Medical Expenses Coverage. Exclusion(s): the company will not be liable for

a) Any Claim arising from or due to
i) Any willful, malicious or unlawful act.
ii) Insanity, the use of any alcohol/drugs (except as medically prescribed) or drug addiction.

b) Any Claim arising from or resulting from intentional self-injury, suicide or attempted suicide, physical defect or infirmity
c) More than 100% (One Hundred Percent) of the Sum Insured stated in the schedule after adding degree of disablement in the Table 6 of benefits, even if accident impairs a number of physical or mental functions.
d) Any Claim in respect of any person including paid passengers other than the Insured Person(s).
e) Any Claim for more than number of passenger(s) legally entitled to travel in the Insured Vehicle(s) and also more than actual number of insured person(s).
f) Any Claim for expenses under Additional Benefit(s) unless the bills, receipts are submitted to company.

Special Provision(s)

1) If the accident affects any physical or mental function, which was already impaired beforehand, a deduction will be made in equal amount to this prior disablement.

2) In the event of permanent disablement, the Insured person will be under obligation:-
a) To have himself/herself examined at the company’s cost by doctors on company’s behalf.
b) To authorize doctors providing treatments or giving expert opinions, other authorities including Insurers to supply the insurance company any information that may be required, If the obligations are not met with due to whatsoever reason, company is not liable to pay the claim.

3) The benefits under this part are not subject to the liability under Standard Motor Package Policy and also payable over and above personal accident coverage benefits under any other policy except for those mentioned in Additional Benefit(s).

Under this add-on, the company will protect the entitlement of No Claim Bonus under Standard Motor Package Policy for the Insured Vehicle of Insured subject to the following:-

The NCB will not be affected and the discount as per Table given in the Schedule of the Standard Motor Package will continue, as if no claim has been made provided that the claim is on account of “Damage to Windscreen Glass or any other Glass” alone of insured vehicle and payable within the terms, conditions of the Standard Motor Package Policy.

The NCB can be earned, retained or reduced in the following period of Insurance on renewal, as per the following Table 7A:-

Table 7 A
Percentage of NCB for the Insured Vehicle Insured has	For 1 claim, the NCB on renewal	For 2 claims, the NCB on Renewal	More than 2 claims the NCB on Renewal
65	65	45	Nil
55	55	45	Nil
50	50	35	Nil
45	45	35	Nil
35	35	25	Nil
25	25	20	Nil
20	20	Nil	Nil
0	20	Nil	Nil

The NCB Protection is not available for the Claim made up to the Amount mentioned in the following Table 7B according to the category(s) of the Vehicles:-

Table 7B
Category of Vehicles	Claim amount up to which the NCB protection is not available
Private Cars up to 1500 CC	Rs. 3,000/-
Private Cars more than 1500 CC	Rs. 5,000/-
Two Wheelers	Rs. 1,500/-

All the other provision(s) relating to the No Claim Bonus as mentioned in the Standard Motor Package Policy and/or General Regulation No. 27 of Indian Motor Tariff will remain unaltered.

Important Points:-

i) This coverage will not be given merely on the declaration by the insured that the preceding policy did not have any claim. The renewal notice duly signed by Authorized Signatory of previous insurer along with previous year policy copy with full details of Registration number, Engine number, Chassis number of the vehicle and Address, Telephone No. of the insured is compulsory before giving this coverage. Only covernote of the previous year policy will not be valid for this coverage.
ii) All the cases of 1st renewal onward except New Vehicles will be given this coverage only if the de-tariff discount in percentage term in the current policy is not increasing as compared to the previous year policy discount percentage. It means thereby that, the premium for this benefit should not be adjusted by increasing the discount from the previous year’s policy.
iii) The New Private Car Vehicles up to IDV of Rs. 10 lacs will not be given this coverage unless the de-tariff discount under main standard package policy is less than 30%.
iv) The NCB protection rate will be applicable on Own Damage premium excluding de-tariff discount. It means that the loading for NCB Protection will be applied before detariffing discount and no detariff discount will be given on NCB Protection Premium.
v) To start with, this coverage will not be given for Private Cars.

Under this add-on, the company cover the legal liability of Insured including the legal cost, expenses as approved by the company for damage to property of third party. This property will be other than property belonging to Insured, his family or in his/her/their trust, custody and control, or carried in the insured vehicle.

Limit of liability:-

It will be the limit in-excess of the limit of liability mentioned under the liability to third party property damage of Section 2 of Standard Motor Package Policy. The limit will be for any one event.

Important Points:

1) The terms, condition and exclusions will be as per Section 2, liability to third party of Standard Motor Package Policy.
2) This property damage liability will be only for accidents caused by or arising out of use of the insured vehicle. Therefore insured vehicle not involving or meeting with accident such as pollution, falling goods and causing third party property damage will not be covered in this part.
3) The Vehicle of heavy weight and high value such as specialized vehicle and cranes should be given coverage with utmost prudence.
4) Any limit of liability in excess of Rs. 25 Lacs (Twenty Five Lacs) for vehicles of Two Wheelers, Private Cars inclusive of limits under Standard Motor Package Policy should be given with due approval from the Corporate Office.
5) SBU Head can give a discount up to a maximum of 10%.

Under this add-on policy, the company will cover the costs, expenses incurred in respect of the clearing, removal of debris, wreckage and trans-shipment of the goods on/to any other substitute vehicle, on account of an event covered under Section 2 “Scope of Coverage” involving the insured vehicle or due to goods falling from the insured vehicle.

Limit of liability:

The limit of the liability is restricted as the percentage of IDV as per following table

Table 9
Class of Vehicle	Limit as per percentage of IDV under Standard Motor Package Policy
Private Cars	4.00%
Two Wheelers, Three Wheelers (Passenger Carrying)	4.00%

Exclusion(s)

The company will not be liable for:
a) any cost if the Vehicle is parked or located in their residential premises/business, office premises where the vehicle is parked normally.
b) Any Claim arising out of any exclusion mentioned under “What is not covered” of Section B “Scope of Coverage”.
c) Any trans-shipment cost except in respect of Commercial vehicles.

Under this add-on, the company will cover the insured by way of payment or arrangement of service for the reasonable cost of towing of the insured vehicle to nearest garage, repairer or place of safety or any other place as per company’s decision, provided that the Insured Vehicle is/are damaged in accordance with Section B “Scope of Coverage”.

Limit of Liability and Premium:-

The maximum amount covered is along with premium is as under:-

Table 11
Class of Vehicle	Limit	Premium
Private Cars
a) Up to 1500 CC	Rs. 7,500/-	Rs. 75/-
b) Above 1500 CC and up to 2500 CC	Rs. 9,000/-	Rs. 100/-
c) Above 2500 CC	Rs. 12,000/-	Rs. 125/-
Two Wheelers	Rs. 1,500/-	Rs. 25/-

Exclusion(s):

Company will not be liable for:
a) Any amount payable under any other policy or the coverage or benefits of this coverage unless the amount has already been accounted for while settling the claim.
b) Any claim without submission of bills, receipts
c) Any claim if the vehicle is able to be driven on its own power on self-propelled basis unless in company’s opinion it could increase or aggravate the damages sustained by Insured Vehicle.

Important Points

1) The benefits under this part will not be given or marketed in respect of the Private Car for covered cities in which company will be giving more comprehensive On-Road Protector Coverage.
2) The coverage should be given for the above limits and fixed premium without alteration.
3) Old vehicle and the places where the adequate repair facility should not be given this cover.

Under this add-on, If the Insured Vehicle is stolen/damaged in accordance with Section B “Scope of Coverage” and the place of theft/accident is 100 (One Hundred) Kilometers or more in case of Two Wheeler(s) and Private Car(s), then company will provide the benefit

In following way:
1) If the repair to the vehicle is taking more than 12 (Twelve) hours; then company will provide the Accommodation for a maximum of 3 (Three) nights subject to the limit of Rs. 2,000 (Two Thousand)
per person but not exceeding Rs. 24,000 (Twenty four thousand) for all insured persons for anyone single event.
2) In case of theft of the entire vehicle and FIR being lodged, the company will provide the accommodation expenses incurred for a maximum of one night subject to the limit of Rs. 2,000/- (Two Thousand) per person per night but not exceeding Rs. 8,000/- (Eight Thousand) only for all the insured person for a single event.
3) Return Travel:- At Insured’s option, the company will pay a reasonable costs incurred in transporting insured and other occupants of the vehicle to the place of his residence/work which was at the point of departure subject to the limit of Rs. 3,000/- (Three Thousand) per person but not exceeding Rs. 12,000/- (Twelve Thousand) in all for anyone single event.

Exclusion(s):

The company will not be liable for:
a) Any Expenses for any person other than the Insured person.
b) More than 2 (Two) events in the coverage period.
c) More than 50% (Fifty Percent) of limit mentioned under this benefit in respect of paid driver, cleaner and other employees responsible for operation, running and maintenance of the Insured Vehicle.
d) Any expenses more than actual seating capacity of the vehicle as per Registration Certificate or actual number of insured person at the time of accident/theft.
e) Any expenses unless incurred and supported by bills, receipts and vouchers.
f) Any Accommodation Expenses or Return Travel Expenses unless in opinion of company, it is necessary to meet the emergency situation without which the Insured Person(s) would be left stranded midway.

Special Provision(s)

It is clearly provided and agreed that:
1) Insured and other occupants can avail either (i) Accommodation Expenses or (ii) Return Travel Expenses of this Part “16” in case of the repair of the vehicle. Further all the insured persons will avail the same benefits of accommodation or return travel, notwithstanding different destinations or requirements.
2) Insured and other occupants can avail both the (ii) Accommodation Expenses for one night and (iii) Return Travel, of the benefits as mentioned above if the Insured Vehicle is stolen in case of theft.

Under this add-on, the company will cover the Transport, Redelivery or Repatriation of repaired/recovered insured vehicle subject to the following:-

1) a) Following the loss or damage to the vehicle in accordance with Section B “Scope of Coverage”, the repair of the Insured Vehicle is taking in excess of 72 hours.
b) In case of operation of theft perils leading to the entire vehicle being stolen and the vehicle is recovered after the insured, the driver having left the place of incidents.
2) The company will cover the reasonable costs of repatriating the recovered/repaired vehicle to the place of residence/work where the insured vehicle is normally parked.
3) The company will pay to the insured, his/her travel expenses or that of the representative if insured decides to drive the repaired/recovered vehicle at their end.

4) This benefit is applicable only if the place of accident/theft is 200 (Two Hundred) Kilometers or more from the place of residence/work for Commercial Vehicle(s) and more than 100 (One Hundred) Kilometers in case of Private Cars and Two Wheelers.

Limit of Liability:

The maximum amount payable for each event for each Insured Vehicle is as follows:

Table 13
Class of Vehicle	Limit for Repatriation, Transport of the vehicle	Travelling Expenses
Private Cars	Rs 10,000/-	Rs. 5,000/-
Two Wheelers	Rs 2,000/-	Rs. 1,000/-

Exclusion(s):

Company will not be liable for:
a) If the Insured or his/her personal representative is already at the garage for the delivery of the vehicle or at the place of recovery in case of theft.
b) If the vehicle is recovered by Police Authorities and transferred to the Police Station.
c) More than 2 (Two) events in the coverage period.
d) More than 50% (Fifty Percent) of limits mentioned for travelling expenses in respect of paid driver, cleaner and other employees involved in maintenance.
e) Unreasonable travel expenses with intension to gain undue benefit.