Page 52 - Insurance Times April 2023

Roadside Assistance Cover transportation for travel while the car was in a network
Roadside Assistance Cover is an additional add-on cover garage for repairs. However, this add-on rider is
that provides roadside assistance service to the car applicable only if the car has been repaired in a network
owner in case the car breaks down in the middle of the garage.
road. The insurance company will arrange for a
mechanic to look over the car and provide assistance Passenger Cover
with just a phone call. Change a flat tyre, perform basic Passenger Protection Cover is an optional rider that
repairs on site, arrange for replacement of car keys, pays for any medical expenses incurred by the
start a battery, and other services are provided under passenger of the insured vehicle due to the accident. It
this add-on cover. pays for the cost of medical care, hospitalization and
ambulance charges. Additionally, it offers compensation
in case the insured person is killed or disabled due to
Engine Protection Cover
an accident.
Engine Protection Rider covers loss or damage to the
engine of the car due to problems like electrical or
Tyre Protect Cover
mechanical failure, water infiltration, oil leakage etc.
A standard car insurance plan does not cover damage
It provides financial coverage for replacement of car
or loss of tires if they are not due to an accident. This is
engine and its parts. However, similar to zero
where the tire protection cover comes in handy. Tyre
depreciation cover, engine protection cover is offered
protection is an additional add-on rider that reimburses
only to cars that are less than five years old.
the amount for repair and replacement of tires of the
insured car such as tire cut, tire burst, puncture etc.
No Claim Bonus Protection Cover
No Claim Bonus Protection Rider is used to protect the Key Replacement Cover
No Claim Bonus (NCB) of the vehicle owner even if they
The cost of replacing high-end or technologically
file a claim during the policy term. It enables the insured
advanced car keys is around INR 10K and sometimes
to reduce his premium amount by using NCB,
even more. The cost of replacing car keys in case of
irrespective of whether a claim is made. NCB protection
misplaced, stolen, damaged, or even in need of lock
cover is applicable only on own damage insurance
replacement is covered by the Key Replacement Add-
premium as third party insurance premium is
on Cover.
determined by IRDAI and cannot be changed.
Loss of Personal Belonging Cover
Daily Allowance Cover An add-on rider called Loss of Personal Belongings
Daily Allowance cover is an optional add-on cover that provides financial assistance in case of the insured car
provides daily cash allowance to the policyholder to or personal belongings being stolen from the car. It also
take care of daily traveling allowance at the time of car offers coverage in case of any damage caused to the
repairs in the garage. It reimburses the car owner for personal belonging inside the car.
any costs incurred while renting the car or taking public (Courtesy : Renewbuy)

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The Insurance Times April 2023 45