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Personal Insurance


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This policy covers all types of vehicles plying on public roads.

This policy covers all types of vehicles plying on public roads such as:-

As per the Motor Vehicles Act, 1988 it is mandatory for every owner of a vehicle plying on public roads, to take an insurance policy, to cover the amount, which the owner becomes legally liable to pay as damages to third parties as a result of accidental death, bodily injury or damage to property.

A Certificate of Insurance must be carried in the vehicle as a proof of such insurance.


Liability Only policies

The policy covers the vehicle owner's legal liability to pay compensation for:

Liability is covered for an unlimited amount in respect of death or injury and damage to third party property for Rs.7.5 lacs under Commercial vehicle and private and Rs. 1 lakh for Scooters / Motor Cycles.

Package Policy

In addition to the coverage under liability only, this policy covers loss or damage to the insured vehicle and its accessories due to:

The policy also pays for towing charges from the place of accident to the workshop upto a maximum limit of Rs.300/- for Scooters/Motorcycles and Rs.1500/- for cars and commercial vehicles. It is also permissible to opt for higher towing charges subject to payment of extra premium.

A restricted cover is also available covering the risk of Fire and/or Theft only, in addition to the compulsory cover granted under "Liability Only Policy". However the same is not available in case of vehicle ratable under Class D, Tariff for Miscellaneous and special types of vehicles.


The important exclusions under the policies are:

Rating factors

Rating depends upon the following factors:

Add on Covers

Add-on covers are available for Private Cars(PC), Two Wheelers(TW) and Commercial Vehicles(CV).

Nil Depreciation Cover (For PC, TW & CV)

Nil Depreciation Cover relieves the customers from bearing the depreciation of 5% - 50%on various parts (metal, plastic, fiber or rubber) in the event of loss due to accident.

Almost all the expenses associated with the repairs of loss would be taken care of by the company. There will be no need to pay depreciation from your savings in case of partial losses. This will be possible with Add-on cover of NIL Depreciation.

The cover is available for PC, TW and CV as follows:

Inclusion of Road Tax Cover (For PC)

The cover provides protection against the Road Tax (to the extent covered) that insured may have to pay while replacing the car due to major accident to his present car.

Under this cover where the claim is finalized on Total loss basis, the Road Tax to the Extent covered in the policy shall be reimbursed. The cover is available for Private Car upto5 years of age.

Return to Invoice (For PC)

This cover is available upto 3 years of age of the car, and allows the insured to be indemnified towards the difference between the IDV of the vehicle as per policy and the dealer listed selling price (Ex-Showroom price) of same make and model on the date of accident at the place of registration of the vehicle. This cover is available for cars with Invoice price uptoRs. 20 Lakhs.

NCB Protection Cover (For PC)

The cover allows customer to be entitled to the next slab of No Claim Bonuseven after payment of an OD Claim. The cover is valid upto 2 admissible OD claims and available for Private cars upto 7 years of age.

The cover will ensure saving of OD premium in range of 20%-50% at the time of renewal, except where insured takes more than 2 OD Claims during the policy period.

Engine Protect Cover (For PC)

This cover provides protection against any consequential losses to the engine (one of the costliest part of your car) and its parts due to ingress of water due to any reason, thus indemnifying losses to Engine of your car on water logged roads in monsoon. The cover is available upto 5 years of age of the car.

Additional Towing Charges (For PC)

This extension provides increased towing charges as it allows reimbursement of towing charges upto Rs.10,000 in 2 admissible claims for private Car.

The cover is availableupto 7 years of age. This cover is over and above the normal payable towing charges of Rs. 1500, which is provided with a standard package policy.

Loss of Content Cover (For PC)

The cover allows protection upto Rs.20,000 with a cap of 20% of sum insured(upto Rs.4000) for each individual item or actual value of lost item, whichever is less for the loss of personal belongings in an accident.

Personal belongings shall mean items such as clothes and other articles of personal nature likely to be worn by the insured including jewelry, vehicle key, mobile, laptop, audio/video tapes, CDS but shall exclude money, securities, cheque, bank drafts, credit/debit cards, travel tickets, paintings, curios and items of similar nature. The cover is available upto age of 7 years of your car.

Who can take the policy?

Any vehicle owner whose vehicle is registered in his/her name with the Regional Transport Authority in India.

How to select the sum insured?

The sum insured of a vehicle in a Motor Policy is referred to as the I.D.V., which stands for Insured's declared Value.

In case of theft of vehicle or if the vehicle is totally damaged and beyond repairs in an accident, the claim amount payable will be determined on the basis of the IDV.

The IDV of the vehicle is to be fixed on the basis of manufacturer's listed selling price of the brand and model of the vehicle proposed for insurance at the commencement of insurance/ renewal and adjusted for depreciation as per schedule.

IDV of vehicle which is beyond 5 years of age and of obsolete models of the vehicles (i.e. models which the manufacturers have discontinued to manufacture) is to be determined on the basis of an understanding between insurer and insured.

How to Claim?

In the event of an incident giving rise to a claim under the policy, the following steps should be taken:

In case of accidental damage to the vehicle
In case of theft of the vehicle
In case of liability claim:

Note : Policy details given are indicative, not exhaustive. Please contact your nearest Arunaya office for further details.