Drive Assure - Economy

Motor Insurance Add on Covers

Depreciation Shield
Engine Protector
24*7 Spot Assistance

TYPES OF LOSSES

OWN DAMAGE
Loss or damage
to the vehicle

LIABILITY
Loss or damage
to third party

Motor Insurance
Depreciation in case of own damage claims
Description of parts

Dep %

All rubber nylon/ plastic parts, and air bags

50%

All fibre glass components

30%

All parts made of glass

Nil

All other parts including wooden parts is to be as per the

following schedule
Not exceeding 6 months

Nil

Exceeding 6 months but not exceeding 1 year

5%

Exceeding 1 year but not exceeding 2 years

10%

Exceeding 2 years but not exceeding 3 years

15%

Exceeding 3years but not exceeding 4 years

25%

Exceeding 4years but not exceeding 5 years

35%

Exceeding 5 years but not exceeding 10 years

40%

Exceeding 10 Years

50%

Illustration: Hyundai Accent; Ex-showroom price 5,50000;

3 years old; IDV: @ 40% depreciation = 3,30,000

Motor Insurance Policy

Depreciation Shield
Premium for Depreciation shield:

Partial loss 1.7 lac

Rs 5285 (@ 1.45% on 3,30,000 + Rs

500 fixed)
If the insured has a Depreciation shield

Rubber/plastic parts

Metal parts

40,000

1.3 lac

Dep: 50%
40000-20000
= 20000

Dep: 25%
1.3 lac 32500
= 97500

Rubber/plastic parts

Metal parts

Dep: 0%

Dep: 0%

40000

1.3 lac

Claim payable: 1,69,500

Compulsory deductible Rs 500

Claim payable: Rs. 1,17,000

Insureds expenses: Compulsory

Insureds expenses: Rs. 53000

Deductible Rs. 500

Depreciation Shield - Benefits

At the time of claim the depreciation amount will be covered

The insured vehicle needs to be repaired at Bajaj Allianz authorized workshop

In case repaired at non-authorized workshop 90% of the claim will be settled

Depreciation Shield - Conditions

In case of transfer of ownership the Depreciation Shield cover will expire

Depreciation Shield benefit will be available two times in a policy period

Depreciation Shield - Exclusions



Claims which are not payable under motor insurance policy

Parts not approved for replacement under motor insurance policy

Tyres and/or batteries

Consequential loss of any kind

Losses covered under Motor Insurance Policy or any other type of

insurance policy with any other insurer or manufacturers warranty or
recall campaign

Engine Protector
Consequential damage to engine parts arising out of:

Water ingression (Hydrostatic lock in engine due to water

entering the engine)

Leakage of oil

Damage to Gear Box:

Arising out of leakage of lubricating oil due to accidental means

Benefits:

Repair or replacement of internal child parts of engine such

as pistons, connecting rods, crank shaft and cylinder head.
Repair or replacement of internal parts of GB such as gears
or shafts
Labor costs

Engine Protector
Conditions:


There is evidence that the insured vehicle stopped in water

logged area resulting into damage

Evidence of under carriage damage to engine/gear box leading

to oil leakage resulting into damages

Losses not payable under motor insurance policy

In case of transfer of ownership this cover will expire

Exclusions:

Loss covered under any other insurance or manufacturers

warranty
Any consequential loss other than damage to internal child parts
of engine as per coverage
Cost of engine oil and consumables in case of flushing of engine
Loss or damage due to corrosion of engine due to delay in
repairing (water logged cases)
Where reasonable care not taken to protect

Bajaj Allianz
24X7 Spot
Assistance

Caring +Proactive + Professional + Connected = TRUST

The Heart of Bajaj Allianz 24X7 Spot Assistance
BJAZ 24X7 Spot Assistance

Available in select cities

BJAZ 24X7 Spot Assistance

Benefits
Total Support in case of Accident
Towing Services/Shifting immobilized vehicle to Garage
Spot Survey
Legal Assistance in case of accident
Accommodation Benefits to occupants of insured vehicle
Onward Taxi Journey-up to 50 kms
Total support in case of mechanical /electrical breakdown
Flat Tyre Change
Road Side Repair/ Mechanical & Electrical Breakdown
Fuel related Assistance
Assistance Over Phone
Urgent SMS Relay
Water & Wet Towel
Pilot Error Support (Lost ,Locked or Spare Keys /Jump Start)

Benefits in details
Spot Assistance will be given provided the event has occurred within 100 kilometers from
the center point of the covered city of Customers residence, office or at the roadside and
the Insured Vehicle has not reached a workshop/repairer.
1. Accident: Spot Survey and claim form/documentation
2. Assistance at home, office or on the roadside (if not already at a workshop)
a) Flat battery (jump start) if battery is drained
b) Fuel problems including loss of fuel, air locks, fuel relays
c) Spare Key pick-up & delivery (in case of locked keys)
d) Flat tyre services
e) Other minor mechanical and electrical repairs at roadside
3. Towing Facility: To the nearest preferred garage Bajaj Allianz
4. Urgent Message Relays: Over phone or sms to Customers relatives/specified persons.
5. Medical Co-ordination: Assistance in locating emergency medical centre

BJAZ 24X7 Spot Assistance

6. Fuel Assistance: Upto 3 ltrs of petrol/diesel on chargeable basis

7. Taxi benefits : Anywhere upto 50 kms from the spot of immobilisation of Insured
Vehicle
8. Accommodation Benefits: Over night stay @Rs. 2000 per occupant per day
provided accident has taken place 100 kms from the centre point of the covered city and
the time to repair the Insured Vehicle will exceed 12 hours from the time of reporting
the incident.
9. Legal Advice: Upto 30 minutes over phone

BJAZ 24X7 Spot Assistance

Exclusions
1. Cost of Parts and Labour payable or charged by the workshop/garage
2. All type of Medical expenses & consultation
3. Legal fee, direct or indirect expenses
4. Where the Insured Vehicle can be safely transferred on its own power to nearest
workshop
5. Any Accident, loss, damage and/or liability caused, sustained or incurred whilst the
Insured Vehicle is being used otherwise than in accordance with the limitations as to
use unless covered by Motor Insurance policy
6. Any Accident, loss, damage and/or liability directly or indirectly or proximately or
remotely occasioned by contributed to/by or traceable to or arising out of or in
connection with war, invasion, the act of foreign enemies, hostilities or warlike
operations (whether before or after declaration of war), civil war, mutiny rebellion,
military or usurped power or by any direct or indirect consequences of any of the said
occurrences

1. Any loss or damage caused due to act of god perils like flood, earthquake riots and
strikes
7. Claims pertaining to theft losses
8. Any consequential loss financial or otherwise arising out of claims lodged under 24X7
Spot Assistance
9. Where a loss is covered under Motor Insurance Policy or any other type of insurance
policy with any other insurer or manufacturers warranty or recall campaign or under any
other such packages at the same time
10. Replacement cost of battery and/or any associated repair cost
11. Cost of supply of parts or replacements elements or consumables
12. Repair cost of tyre or cost of tyre or tube at a third party workshop/repairer
13. Any taxes, levy and expenses incurred in excess of the limit described under the plan
opted by the Customer

14. Loss of valuables and personal belongings kept in the Insured Vehicle
15. Any loss or damage to the Insured Vehicle arising out of participation in a motor racing
competition or trial runs
16. Where it is proved that the Customer has abused the benefits under 24X7 Spot
Assistance
17. Any loss or damage caused due to pre- existing damages
18. Any loss or damage arising out of intervention of Government Authorized Agencies,
Police Authorities or Law Enforcing Agencies
19. Any loss or damage resulting from the use of Insured Vehicle against the
recommendations of the owners manual and/or manufacturers manual
20. Any loss resulting from Customers deliberate or intentional and/or unlawful or criminal
act

21. Benefits under Taxi Benefits and Accommodation Benefits for occupants in excess
of
the seating capacity as per the registration certificate of the Insured Vehicle
22. Additional cost incurred in towing the Insured Vehicle to a dealer/workshop as
specified by Customer instead to Bjaz specified nearest authorized workshop
23. Services organized without Bjaz prior consent for the various assistance services
24. If Customer or Customers personal representative is already at a garage for delivery
of the Insured Vehicle or at the place of recovery in case of theft
25. Mechanical and/or electrical breakdowns that require replacement of spare
parts and/or specialized tools/equipments that are usually available only in automotive
workshops

Benefit Card for All Customers

Card will be provided to all Customers holding Private Car Package

Policy.

Incase of urgent need Customer can call up the Toll Free numbers on
the card for immediate assistance, which is only a few minutes away.