L&T General My Asset - 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)

Special Conditions :

1) The benefits can be utilized for a maximum of two admissible claims during the policy period.
2) This benefit will not be used to change each and every part of the vehicle under my asset: Private Car Package Policy. The irreparability of part(s) will be decided by the surveyor/analyst as approved by the Company and not by the Insured or the Repair Shop/Garage.
3) If the Insured vehicle is not repaired at the company tied-up workshop, 10% of the payable amount under the cover will further be deducted. However, the discretion to waive the deduction lies with the company.

Under this Add-on, the company ensures that upon a theft or a total loss to the car, the insured gets the purchase price of the car including road tax and registration charges.

Special Condition:

1. Insured is the first and the only registered owner of the vehicle

Specific Exclusion(s):

Company will not be liable for
1. Total Loss /Constructive Total Loss and/or theft claims not admissible under Own Damage Section of my: asset Private Car Package Policy.
2. Theft claims where FIR has not been lodged.
3. Any non-built-in accessories – electrical / non electrical / electronic including bi-fuel kit mentioned separately in the Invoice but not the insured / mentioned in the schedule of the policy.

Under this Add-on, even if there is a claim made during the policy period, the company would assign the same No Claim Bonus percentage at the time of renewal with the same company.

Special Conditions:

1. The benefit will accrue if the policy is renewed with the company within 90 days of expiry of the policy.
2. This benefit would be available for not more than one admissible claim during the policy period.
3. This benefit will not be available if claim is for Total Loss (TL)/Constructive Total Loss.
4. A claim made for damage only to glass/plastic/rubber/fiber parts are damaged and they have been repaired and not replaced will not be considered a claim under this benefit.
5. A claim for theft of accessories will not be considered as a claim under this benefit.

Under this Add-on, the company will pay the cost to keys of the Insured vehicle, if the same is lost or stolen. Even the cost of Locks is cover, if the Insured vehicle is broken.

Special Conditions:

1. The claim would be paid only if it has been reported to the police and the necessary FIR in this regard has been obtained. In the event of a loss, immediate intimation should be made to claims department and/ or call center of the company. FIR to be lodged within 24 hours of discovering the incident.
2. The above coverages are applicable for door keys, dickey keys as well as ignition keys.
3. This benefit will be available for not more than one admissible claim during the policy period.

Under this Add-on, the Company will cover the block & child part along with the gearbox, transmission or differential assembly provided, the loss or damage is due to the ingress of water in the engine or leakage of lubricating oil from the engine/assembly due to accidental means.

Special Conditions:

1) Water damage cover will commence only when there is an evidence of the Insured vehicle being submerged or having stopped in a water logged area.
2) Insured vehicle is taken to the tied up garage within one day of water receding from the logged area and the intimation to the company be given not later than three days from the receding of water.
3) Leakage of lubricating oil cover (peril) will commence provided there is a visible evidence of accidental damage to the engine or respective assembly.
4) All reasonable precautions must be taken to avoid any loss or damage and also to prevent aggravation of loss.
5) This benefit would be utilized for not more than one admissible claim during the policy period.

Exclusion(s):

Company will not be liable for
1) Cost of Lubricating oils used in the assembly.
2) Loss or damage covered under Manufacturer Warranty or recall campaign.
3) Increase in loss or damage including corrosion due to delay in the Insured intimation and / or retrieving the Insured vehicle from water logged area.

Under this Add-on, the company ensures to pay Insured Cash Allowance if the Insured vehicle is under repair.

Special Conditions:

1) The cash allowance would be paid for a maximum period of 10 days in case of a partial loss.
2) The cash allowance will be subject to a franchise of 3 days and this will be counted from the date of survey.
3) The entitlement for the cash allowance will start from the day of the survey and shall end on the day when workshop intimates the insured to take delivery of the vehicle.
4) If the Insured vehicle is not repaired at the company’s tied up workshop, 10% of the payable amount under this cover will further be deducted. However, the discretion to waive the deduction lies with Company.
5) The benefits would be utilized for not more than two admissible partial loss claims during the policy period.

Exclusion(s):

1) Cash allowance will not be paid for the period for which Insured vehicle may be stuck for repair due to non availability of any part/and or material at workshop or due to lack of manpower/infrastructure facilities or unforeseen circumstances beyond the control of workshop.
2) Cash allowance will be paid only if the claim is made for replacement and not repairs at our tied up workshop to windscreen glass/rear glass/door glass/sun roof glass.
3) Cash allowance will not be paid if the time required is for only up to three days.

Under this Add-on, the company will ensure to pay compensation subject to the limit of liability as mentioned in the policy schedule of Package Policy as per the corresponding Accident Benefit indicated in the Table below together with Additional Benefits as may be applicable for bodily injury/death sustained by the insured person(s) in direct connection with the Insured Vehicle traveling in the Insured Vehicle caused by violent, accidental external means which, independent of any other cause shall within six calendar months of such injury result in death or a disablement.

Table of Benefits	Percentage of Capital Sum Insured Payable
1. Accidental Death	100%
2. Permanent Total Disability
i) Loss of sight of both eyes	100%
ii) Loss of, by physical separation of two entire hands or two entire feet	100%
iii) Loss of one entire hand and one entire foot	100%
iv) Loss of sight of one eye and such loss of one entire hand or one entire foot	100%
v) Complete loss of hearing of both ears and complete loss of speech	100%
vi) Complete loss of hearing of both ears and loss of one limb/loss of sight of one eye	100%
vii) Complete loss of speech and loss of one limb/loss of sight of one eye	100%
For the purpose of items 2 above, physical separation of one entire hand shall mean separation at or above wrist and/or of the foot at or above ankle, respectively
viii) Permanent total and absolute disablement disabling the Insured Person from engaging in any employment or occupation of any description whatsoever	100%

Additional inbuilt covers

Subject to the terms, conditions, exclusions, stipulations and definitions contained herein or expressed or endorsed hereon, in the event of a Claim for Accident Benefit being admitted, the Company shall pay the Additional Benefits specified hereunder in the following circumstances:-

I. Transportation In the event of Accidental Death of Insured Person outside his/her Home, reimbursement of transportation cost for carriage of dead body to Home including funeral/cremation charges is payable	2% of Capital Sum Insured or 2,500/- (Two thousand five hundred), whichever is lower.
II. Ambulance Charges Reimbursement of Ambulance charges for transportation of Insured person to Hospital following Accident	Rs. 1000/- (one thousand) per insured person any one accident or actual expenses, whichever is lower.

The cover applicable for unnamed passengers would be only Table 1 (Accidental Death) of the Accidental Benefits

The cover under this add- on benefit will be over and above the benefit that is already available in the package policy.

General Exclusions:

This Policy does not provide benefits for any Death, Disability, expenses or loss incurred as a result of any Injury attributable directly or indirectly to the following:

1. Death/ disability as a result of a pre-existing condition, prior to the inception of the first policy with us.
2. Compensation under more than one of the Covers under 1, 2 or 3 of Table of Benefit in respect of the same accident and/or same period of disablement during a single Policy period.
3. Any other payment, after a claim under one of the Covers under 1, 2 or 3 of Table of Benefits has been admitted and become payable other than for payments under Ambulance Charges and Transportation under Additional Inbuilt Covers.
4. Any payment in case of more than one claim under the policy during any one period of insurance by which the maximum liability of the Company in that period would exceed Capital Sum Insured.
5. Death or disability due to mental disorders or disturbances of consciousness, strokes, fits or convulsions which affect the entire body and pathological disturbances caused by the mental reaction to the same.
6. Loss due to disease/infection or as a result of any curative treatments or interventions that Insured carry out or have carried out on Insured body, except where such condition arises directly as a consequence of an accident during the policy period.
7. Death or disability caused by radiation, infection, poisoning except where these arise from an accident.
8. Any injury arising or resulting from the Insured or any of the occupants of the insured vehicle committing any breach of law with criminal intent.
9. Death or Disability arising or resulting from an “Act of Trespassing” by the Insured/Insured Person on any public/private property.
10. Any claim in respect of the Insured / Insured Person arising from:

i. Intentional self-injury, suicide or attempted suicide (whether sane or insane) or culpable homicide.
ii. Abuse of intoxicants or hallucinogens including influence of drug and alcohol
iii. Driving the insured vehicle without a valid driving license
iv. Whilst engaging as a driver, co-driver or passenger of a vehicle engaging in speed contest or racing of any kind.

If company allege that by reason of the exclusions above, any loss is not covered by this insurance the burden of proving the contrary shall be upon the Insured Person.