Comprehensive Car Insurance

Comprehensive car insurance is a type of car insurance policy that pays for both damages to your car and third-party liabilities.

It covers your car against risks, such as accidents, theft, and natural disasters and third-party liabilities arising from injuries, death, or property damage caused by your insured car.

For example, imagine you are driving back home from work and accidentally hit another car. The collision results in damage to both vehicles. With a comprehensive insurance policy, you can cover the repair or replacement costs for your car and the third-party expenses.

It also includes a personal accident cover of up to ₹15 lakh for the owner-driver in case of accidental injury or death. Furthermore, it offers a wide range of optional add-ons like roadside assistance, zero depreciation, and engine secure. These add-ons help you customise the comprehensive motor insurance policy based on your specific needs.

The following simple steps explain how comprehensive car insurance works:

• Policy Purchase and Coverage Activation - When you purchase the policy, you receive financial protection against various scenarios, including accidents, theft, fire, natural disasters, and vandalism.
• Claim Intimation - In the event of an insured event, you will file a claim.
• Surveyor Assessment - A surveyor will be appointed to inspect the vehicle and assess the extent of damage.
• Claim Settlement - Once you have paid the agreed-upon deductible, we will either settle the repair bills directly with a network garage (cashless facility) or reimburse you after you submit the repair bills and required documents.

Example of Comprehensive Car Insurance

Mr Rohit purchased a comprehensive car insurance policy with TATA AIG, including the Road Side Assistance add-on and the personal accident cover.

Mr Rohit’s car gets severely damaged in a flood. Since he has comprehensive insurance with TATA AIG, the company will cover his repair costs up to the IDV. If the car is beyond repair, TATA AIG will pay him the full IDV amount.

If the car needs to be moved to the nearest workshop, TATA AIG covers the costs to move the car to the nearest repair workshop based on the policy conditions.

If Mr Rohit suffers a permanent disability or, in extreme cases, dies due to the incident, TATA AIG will compensate for the loss in accordance with the policy terms.

Also Read: What are the Risks Covered Under Comprehensive Car Insurance

TATA AIG offers comprehensive car insurance policy options that allow you to choose a policy that best matches your individual needs. Two of our popular options are: Auto Secure - Private Car Package Policy and Bundled Auto Secure - Private Car Package Policy.

Auto Secure -Private Car Package Policy

TATA AIG Auto Secure: Private Car Package policy is a comprehensive car insurance policy with extensive coverage features.

Key Features and Benefits:

• It is designed to cover damage to your car due to accidents, theft, fire, and disasters, as well as third-party liability.
• The comprehensive car insurance cover also includes personal accident coverage, providing a lump sum payout in the event of serious injury or death of the owner-driver due to an accident.
• Under this plan, vehicle owners can further enhance their coverage by paying a bit extra for add-ons such as depreciation reimbursement, roadside assistance, and more.

Bundled Auto Secure - Private Car Package Policy

Bundled Auto Secure - Private Car Package policy comes with a 1-year policy for own-damage and a 3-year policy for third-party damage.
Key Features and Benefits:

• It covers your car against damages incurred due to accidents, theft, natural calamities, and third-party liabilities.
  It offers several optional add-ons for enhanced protection and also includes a personal accident cover.
• As the cover for third-party insurance is offered for three years, you are protected from any increase in third-party premiums.
• You get relieved from the need to remember renewal dates for the third-party cover, as it is a long-term policy.

Disclaimer: Refer to the policy document for detailed information.

Disclaimer: Please refer to the policy documents for the complete details and specific terms and conditions.

Add-ons are optional covers that enhance your comprehensive motor insurance policy by offering additional protection in specific situations. You can check the coverage under each option and choose the ones that provide additional protection based on the potential risks associated with your vehicle usage.

Here are some of the key add-ons offered by TATA AIG.

Yes, your comprehensive car insurance policy covers personal accidents. In the event of an accident, the policy offers compensation of up to ₹15 lakhs for the owner-driver.

The compensation is offered for accidental death and disability. In the event of accidental death, the benefit is provided to the nominee.

Compensation Offered Under Personal Accident Cover

Conditions Applicable to Personal Accident Cover

The benefits under the personal accident cover are offered subject to the following conditions:

• The owner-driver is the registered owner and the insured named in the policy.
• The owner driver holds a valid driving licence.

These benefits under the comprehensive coverage for a car may not be available under certain excluded conditions, such as a loss arising from intentional self-injury or attempted suicide and driving outside the geographical limits. You can refer to the policy wording for the detailed exclusions.

• Owners of New and Luxury Cars - The cost of repair or replacement of parts can be higher in new and luxury cars. A comprehensive motor car insurance policy offers extensive coverage that can protect your new or valuable investment.
• Owners Residing in High-risk Areas - If you reside and drive your car in high-risk areas, such as areas prone to accidents, natural calamities like floods and cyclones, man-made disasters like riots or vandalism, and theft, then this car insurance full cover is essential.
• Frequent Drivers - If you drive your car every day and plan long drives frequently, then you need to consider comprehensive vehicle insurance coverage, as the risk of accidents is higher.
• Owners with Financed Cars - If your car is purchased on a loan, a comprehensive car insurance plan helps cover repair or damage costs while you continue paying your EMIs. You can also opt for the Vehicle Loan Protector add-on, which helps pay the outstanding loan amount if an accident leads to death or disability.
• Owners seeking Personalised Coverage - If you want complete protection for your car personalised to your specific usage and needs, a comprehensive car insurance plan is the right choice.

• Assess your Needs - Analyse your car’s specifications and your driving conditions to determine the potential risks. This analysis helps you understand your coverage requirements.

• Coverage Offered - Read the policy document thoroughly to know what risks are covered and what exclusions apply to the comprehensive insurance. And, inclusions also come with specific conditions. Make sure you understand them clearly.

• Insured Declared Value (IDV) - IDV is the current market value of your car after accounting for depreciation. It is the maximum amount you get in case of total loss or theft.

A higher IDV increases your premium, while a lower IDV reduces both the premium and the claim payout. Ensure
the IDV reflects the true value of your car for adequate protection.

• Add-ons Availability - TATA AIG offers a range of 20+ add-ons, including depreciation reimbursement, roadside assistance, and engine secure for additional protection.
  Based on your specific needs, consider including the ones that can enhance your coverage.

• Deductibles - Deductibles refer to the proportion of the claim amount you must pay before we cover the remaining amount. Choosing a higher voluntary deductible can lower your comprehensive car insurance premium.

• Premium - Use our car insurance premium calculator to determine the premium for your chosen coverage. You can revise your inputs to ensure you get adequate coverage at an affordable premium.

• Claims Process and Customer Support - Understand the claims process and the steps that you need to follow for both cashless and reimbursement claims. This helps you get prompt assistance and claim settlement. You can contact us anytime on our 24/7 customer care number - 0422-6489-8282.

Third Party Liability Coverage

Comprehensive plans include third-party coverage, which protects you against financial and legal liabilities arising from injury, death, or property damage caused to a third party by your vehicle. This mandatory coverage safeguards you from potentially huge compensation claims, ensuring you meet the legal requirements and avoid fines or lawsuits.

Own Damage Cover

It protects against damage to your own vehicle caused by accidents, collisions, or other mishaps. This benefit helps you avoid costly out-of-pocket repairs, covering collision damage and loss due to calamities or theft. It also allows you to restore your vehicle without a major financial burden.

Extensive Coverage

Comprehensive car insurance plans provide extensive coverage to vehicle owners against a wide range of risks, including accidents, theft, fire, natural disasters such as floods and earthquakes, and vandalism. This all-around protection ensures that your car is covered in diverse situations, reducing financial stress during unexpected events.

Customisation Benefits

Optional add-ons are among the most valuable comprehensive insurance benefits. They allow you to customise the policy to suit unique requirements. You can include add-ons like tyre secure, roadside assistance, consumables cover, and more to enhance your car’s overall coverage.

Personal Accident Cover

Comprehensive car insurance plans include personal accident cover. This provides compensation of up to ₹15 lakhs for the owner-driver in case of accidental death or disability. It is a valuable financial support for the family during unfortunate situations.

No Claim Bonus

A no-claim bonus in the form of a premium discount is offered to policyholders who have not raised a claim during the previous year in comprehensive car insurance plans. This bonus accumulates every claim-free year and can reach up to 50%.

Cashless Claims Benefits

TATA AIG has over 5700 garages across India for cashless repairs. This facility streamlines claim processing and expedites the repair process.

To buy a comprehensive car insurance plan from TATA AIG, you can follow these simple steps:

• Step 1: Visit the official TATA AIG website. Navigate to the “Personal” section and then click on “Car Insurance" under the Motor Insurance section.
• Step 2: Enter your car’s registration number. The system will fetch your car details, including make, model, and other specifications. Review the details and proceed.
• Step 3: Check policy options, coverage limits, deductibles, and premiums. Add extra features or add-ons per your preference.
• Step 4: After choosing a plan, make a payment using a preferred payment gateway, such as a credit or debit card, UPI, or QR code.
• Step 5: Once payment is made, you will receive your insurance documents via email or can download them instantly from the website.

Also Read: How to Convert Third-party To Comprehensive Car Insurance?

Comprehensive Car Insurance Cost = Own Damage (OD) Cover Premium + Third-Party Cover Premium
Here are the quick steps that you can follow to calculate the comprehensive car insurance cost.

• Determine the Insured Declared Value (IDV)

To begin, calculate the IDV of your car by considering the list price and the cost of accessories. Once depreciation for both the vehicle and its accessories is deducted, the IDV is derived.

IDV = (List Price - Depreciation) + (Cost of Accessories - Depreciation)

• Assess No Claim Bonus (NCB) and Other Discounts

Refer to the NCB table to determine the NCB discount applicable to the Own Damage component. Additionally, consider any other discounts, if applicable to the car insurance renewal premium.

• Calculate Own Damage Premium using the formula.

Use the following formula to calculate the OD Cover Premium:

OD Cover Premium = [Insured Declared Value * Insurer’s Premium Tariff] + [Add-ons] - [NCB discount], calculate the Own Damage premium for your car insurance policy.

• Determine Third-Party Cover

The third-party car insurance is determined by the Insurance Regulatory and Development Authority of India (IRDAI) every year. It is based on your car’s engine cubic capacity. Check the prevailing rates for your engine's cubic capacity.

• Evaluate the Total Cost of Add-ons

The add-ons you select will contribute to the premium for your policy. Determine the cost of each add-on or the total cost of all the add-ons combined.

• Calculate the Overall Premium

To summarise, the comprehensive car insurance premium is calculated as follows.

Total Premium = [Own Damage Cover Premium] – [No Claim Bonus + Discounts] + [Cost of Add-ons] + [Third Party Insurance Premium as fixed by IRDAI]

You can use our TATA AIG car insurance premium calculator to quickly determine your overall premium in just a few minutes. It is user-friendly and less time-consuming.

• Make and Model - Your car’s make and model is a key factor that affects the comprehensive insurance cost. High-end car models, such as luxury cars and SUVs, generally have higher premiums.
• Age of Car - The IDV decreases as your car gets older. A lower IDV means a lower premium. Newer cars have a higher IDV and therefore attract higher premiums. However, very old cars have slightly higher premiums due to increased risks and the higher cost of certain parts.
• Other Vehicle Specifications - Specifications like engine size and fuel type also impact the premium. For example, cars with a higher cubic capacity typically have higher premiums.
• Location - Comprehensive car insurance costs tend to be higher in urban or metropolitan cities due to increased traffic congestion and accident risk.
• Claim History - Having a history of raising car insurance claims will be considered as a high-risk factor, which eventually increases the premium.
• Add-ons - Including optional add-ons will increase the premium. It depends on the type and number of add-ons included. Consider including add-ons that are truly essential.
• No Claim Bonus - If you have earned a no-claim bonus for previous claim-free years, it will reduce your premium.

Step 1: Inform the TATA AIG representative immediately. You can initiate a claim online, through our TATA AIG app, or call us on our helpline - 0422-6489-8282. For theft, file an FIR with the police within 48 hours.

Step 2: TATA AIG may arrange for a surveyor to assess the vehicle's damage before approving the claim.

Step 3:

• For cashless claims - Choose a network garage and get your car repaired.
• For reimbursement claims - Choose any authorised garage, get your car repaired, and pay the bills upfront.

Step 4: Submit all the required documents, including the vehicle RC, driving licence, FIR (if applicable), repair bills, payment receipts and any other requested documents.

Step 5:

• For a cashless claim - We will settle the bill directly with the garage for the applicable expenses.
• For a reimbursement claim - We will reimburse you for the eligible expenses as applicable under the comprehensive insurance for the vehicle.

Documents Required to File a Car Insurance Claim

• The claim form, duly filled and signed.
• Photographs and videos of your damaged car.
• FIR, if applicable.
• Copy of your car’s RC (Registration Certificate).
• Copy of your Driving Licence.
• Repair bills
• Payment receipts
• In case of a second-hand car - Form 28, Form 29, and Form 30.
• In case of a financed car - NOC and Form 35 from the lender.
• Any other requested documents.

Please note: Notify TATA AIG about the claim as soon as possible and follow the timelines as informed to you for the claim and document submission. This will help in proceeding with a smooth claim settlement process

If you own an old car and use it regularly, a comprehensive car insurance policy is definitely the right choice. It is beneficial for the following reasons:

• Higher cost of repair expenses - Generally, the repair expenses are higher for an old car. It is mainly due to the traditional mechanisms required and the unavailability of certain spare parts. With a comprehensive insurance policy, you can cover these expenses to the extent possible.

• Customisable Coverage - Similar to the coverage offered for other cars, you can benefit from the customisation advantage in case of old cars as well. You can include add-ons based on specific coverage needs. While the IDV is low for an old car, you will get definite financial support to manage the expenses incurred.

If you use your old car less frequently, you can consider purchasing a third-party car insurance only or a third-party car insurance with a limited own damage cover. You can decide the type of policy based on your usage and the car’s condition.

Comprehensive car insurance offers dual coverage that includes financial protection against damages incurred by your car as well as third-party liabilities arising due to your insured car. Whether you own a high-value car or live in accident-prone zones, a comprehensive car insurance policy keeps your vehicle protected against own-damage and third-party liabilities.

When you buy car insurance with comprehensive cover, you can also customise it as per your driving conditions and personal needs with optional add-ons like roadside assistance, tyre secure, engine secure, and more. It also includes a personal accident cover for the owner-driver that covers accidental death and disabilities.

While we offer features for extensive and personalised coverage, we also ensure these benefits reach you effortlessly through our network of cashless garages across India. Choose TATA AIG for a reliable insurance experience for your comprehensive car insurance coverage.