Raheja QBE Motor Insurance Plans (Private Car)

What Does It Cover?

Section I: Own Damage or Loss

The insurer will protect you against any loss or damage to your vehicle and/or its accessories in the event of -

• Fire, explosion, self-ignition, or lightning
• Burglary, housebreaking, or theft
• Riots and strikes
• Earthquake (fire and shock damage)
• Flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost
• Accidental external means
• Malicious act
• Terrorist activity
• Whilst in transit by road, rail, inland-waterway, lift, elevator, or air
• Landslides, rockslides

This is subject to a deduction for depreciation for parts replaced according to the rates given below

• For all rubber, nylon, plastic parts, tyres, tubes, batteries, airbags - 50%
• For fibreglass components - 30%
• For all parts made of glass - Nil

The depreciation rate for all other parts, including wooden parts, is as follows:
 

Age of the Vehicle	% Of Depreciation
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 3 years but not exceeding 4 years	25%
Exceeding 4 years but not exceeding 5 years	35%
Exceeding 5 years but not exceeding 10 years	40%
Exceeding 10 years	50%

             

• Rate of Depreciation for Painting: Only the material cost of total painting charges is depreciated at 50%. When applying the depreciation to a consolidated bill for painting charges, the material component gets treated as 25% of the total painting bill.

 

Section II: Liability To Third Parties

In the event of an accident, the insurance company will financially protect you against -

• Death or bodily injury caused to another person.
   
• Damages caused to another person's property or the one that is held in your trust or custody.

 

Section III: Personal Accident Cover For Owner-Driver

The Personal Accident (PA) Cover in car insurance protects you from the risk of physical disability or death resulting from an accident. Similar to general insurance, the cover offers financial protection along with vehicle insurance.

In case of death or bodily injury, the insurer will provide coverage as per the table -.
 

Nature of injury	Scale of Compensation
Death	100%
Loss of two limbs or sight of two eyes or one limb and sight of one eye.	100%
Loss of one limb or sight of one eye	50%
Permanent total disablement from injuries other than those named above.	100%

             
Note: The coverage is subject to certain terms and conditions.

 

What It Will Not Cover?

 The insurer will not provide coverage under the following circumstances -

1. Consequential loss, depreciation, wear and tear, mechanical or electrical breakdown failures or breakages.
2. Damage to tyres and tubes except in the case where your vehicle is damaged at the same time. Here, the insurer is only liable for 50% of the replacement cost.
3. Any accidental loss or damage incurred while you or any person driving the vehicle with your permission is under the influence of alcohol or drugs.

 

Insured Declared Value (IDV)

IDV is the estimated market value of the car. In case of a claim, this is the maximum amount you can get from the insurer. Every year, your vehicle’s IDV changes because of depreciation.

Here is a table listing the depreciation rates for deciding the IDV of the vehicle -

Age of the vehicle	% of depreciation  for fixing IDV
Not exceeding 6 months	5%
Exceeding 6 months but not exceeding 1 year	15%
Exceeding 1 year but not exceeding 2 years	20%
Exceeding 2 years but not exceeding 3 years	30%
Exceeding 3 years but not exceeding 4 years	40%
Exceeding 4 years but not exceeding 5 years	50%

             

General Exceptions:

This policy doesn't cover the following circumstances -

1. Any accidental loss or damage and/or liability you incur while driving outside the geographic area.
2. Any accidental loss or damage resulting from any contractual liability.
3. Damages or loss and/or liability you incur while not driving in accordance with the ‘Limitations as to Use’.
4. Damages you incur when your vehicle is driven by someone else other than the driver as specified in the driver's clause.
5. Any loss or damage to any property or any loss or expense arising out of consequential loss.
6. Any liability caused or contributed to by ionising radiations or contamination by radioactivity from any nuclear fuel or nuclear waste.
7. The loss or damage caused by nuclear weapons material.
8. Any accidental loss or damage arising out of war, invasion, etc. In the event of any claim, you must prove that the loss, damage, or liability arose independently and was not connected with any of the said events. In the absence of such proof, the insurer won't make any payment.

 

Add-ons Available

• Zero Depreciation

If you pay an additional premium, the insurer will cover the depreciation amount deducted from the value of the replaced parts in your own damage claim under section 1 (own damage) of the policy. You can only make a certain number of eligible claims (as stated in the policy schedule) throughout the policy period.

Note: Certain terms and conditions may apply.

?What Is Not Covered?
Total loss, constructive total loss, or theft are not covered. A standard deductible will apply to the coverage as specified in section 1 of the policy. The coverage is also subject to the remaining terms, conditions, and exclusions specified in the policy.
 

• Return to Invoice

When you pay an extra premium to the insurer, they will cover the financial gap between the amount you receive under section 1 of the policy and the purchase price of your vehicle as mentioned in the sale invoice. This is applicable if your vehicle has sustained a total loss or constructive total loss in the event of an accident or theft during the policy period and is not recovered.

The insurer will also cover the first-time registration charges, road tax incurred for your vehicle as well as applicable insurance costs.

Special Condition
In case of hypothecation, the finance company or bank whose interest is represented in the policy needs to agree to the coverage in writing.

?What Is Not Covered?

The insurer will not provide coverage in the following circumstances -

1. Total loss or constructive total loss and theft claims not admissible under section 1 of the policy.
2. Any non-inbuilt electrical and non-electrical accessories forming part of the invoice, but not covered under section 1 of the policy.
3. In case of a theft claim, if the insurer doesn't get the police report proving the theft, the claim will not be admissible.
4. Your vehicle is imported.
    

• Cost of Consumable Expenses

The insurer will cover the cost of consumables that need to be replaced because of an accident if you pay the additional premium as specified in the schedule. Consumables include engine oil, gearbox oil, lubricants, nuts & bolts, screws, distilled water, grease, oil, and similar items, excluding fuel.

?What Is Not Covered?

Here's what is not covered by this add-on -

1. Any consumable not covered by an admissible own damage claim under section 1 (own damage) of the policy.
2. Any claim that is not valid or admissible under section 1 (own damage).
3. In the event that your vehicle isn't repaired by an authorised garage.
4. The standard deductible under Section 1 will apply to this cover - which is subject to the T&Cs of the policy.

 

4️ Daily Conveyance Benefit

The insurer will compensate any loss of use of your insured vehicle caused by the risks covered under section 1 of this policy - if you pay the additional premium.

You'll receive coverage for transportation costs during the repair period, if your car isn't available, in either of the following ways -

1. A fixed allowance per day is offered.
2.  A standby vehicle is provided.
3. Coupons from taxi operators equal to the fixed allowance per day are offered.

 Here are some of the conditions associated with coverage -

1. This benefit only applies when your vehicle is required to stay at the authorised garage for longer than the number of days stated in the policy schedule.
    
2. If the duration of your vehicle, from the time it is delivered to the authorised garage or when you inform the insurer about the loss or damage, exceeds the number of days specified in the policy schedule, the daily conveyance will be paid out as per the plan chosen by you. This add-on cover won't pay anything if there is no admissible claim under the policy for loss or damage.
    
3. If there's a loss or damage to your vehicle giving rise to claims other than a total loss or constructive loss, the amount per day is based on the premium table as per the plan chosen by you.
    
4. In case of theft, if the insured vehicle isn't recovered within 90 days, a daily conveyance benefit will be paid in the form of a lump sum. The benefit will be paid as per the plan chosen by you.
    
5. As soon as the car is removed from the garage, no further payment will be made for the same accidental loss/damage
    
6. If the vehicle takes longer than expected to get to the garage, the insurer cannot be held responsible for that.
    
7. The insurer won't pay for the time taken by the workshop for damages that are not covered by section I of the policy.

 

Please note that the benefit shall be payable only -

1. If the insured vehicle is kept in an authorised garage.
2. If the repair time required for your vehicle exceeds the number of days stated in the policy schedule.
3. If you take your vehicle back as soon as the repairs are finished.

Here, an ‘eligible loss/damage claim’ is one that falls under section 1 of the policy, and where your vehicle is kept for longer than the number of days stated in the policy schedule and a daily allowance for at least one day is payable. A claim arising out of the theft of your vehicle is considered an ‘eligible claim’ and you get the benefits specified under sub-clause 5 of this add-on cover. Please note that the coverage is subject to terms, exceptions, conditions, and limitations.
 

• Engine Protector

If you pay an additional premium, the insurer will cover the repair and replacement costs for loss or damage to the internal parts of the engine gearbox, transmission, or differential assembly due to waterlogging or oil leakage. The insurer will also pay for lubricating oils or consumables used in assembling the machine, such as engine oil, gearbox oil etc., but not for fuel.

?What Is Not Covered?

The add-on will not provide coverage under the following circumstances -

1. Damages or losses covered by the manufacturer's warranty, recall campaigns, and maintenance.
2. Damage or loss including corrosion that occurs as a result of a delay in informing the insurer and/or recovering the vehicle from a water-logged area.
3. Lubricants lost due to leaks and flushing of consumables.
4. Repairs done without the insurer's prior approval.

Note: Certain conditions may apply.
 

• Key Protect Cover

 This add-on provides coverage for the following -

• The cost of replacing your vehicle keys if they are lost or stolen.
• The cost of replacing your vehicle's locks and keys in the event of a break-in. Labour costs are included in the covered cost.
• If there is a security risk due to the lost keys of your vehicle, the insurer will cover the cost of installing new locks.

 ?What Is Not Covered?

The add-on comes with the following conditions -

• Costs other than those listed in the ‘What is covered’ section will not be the responsibility of the insurer.
• You will need to pay 10% of the claim amount or Rs 500, whichever is higher.

Note: Other conditions may apply.
 

• Loss of Personal Belongings

Loss or damage to your and your family’s personal belongings will be covered if they're present in your vehicle at the time of the incident caused by the risks listed under section 1 of the policy. Here, ‘personal belonging’ refers to items like clothes, mobiles, laptops, CDs and similar items.

?What Is Not Covered?

Here are some things that are not covered by this add-on -

1. Money, securities, cheques, bank drafts, credit card or debit cards, jewellery, lenses, glasses, travel tickets, watches, valuables, manuscripts, paintings and similar items.
2. Any goods or samples related to any trade or business are not covered.

Note: Certain conditions may apply.
 

• NCB Retention Cover

If you pay an extra premium, your accumulated No Claim Bonus (NCB) will be retained regardless of what is stated in section 1. This applies to only one approved accidental claim during the policy period.

?What Is Not Covered?

The add-on will not provide coverage under the following circumstances -

1. The policy isn't renewed within 90 days of expiration.
2. The claim is for a Total Loss (TL) or Constructive Total Loss (CTL).

Note: Certain conditions may apply.
 

• Tyre & Rim Protector

The add-on provides coverage for the following -
 

• Damage to Tyre
  Insured tyres and tubes will only be repaired and/or replaced if they're lost or damaged in an accident.
  
  The insurer's liability will be limited to the following -

1. Unused tread depth of <3 mm: Considered as normal wear and tear and is not covered.
    
2. Unused tread depth of >=3 to <5 mm: 50% of the cost of new tyre and/or tube.
    
3. Unused tread depth of >=5 to <7 mm: 75% of the cost of new tyre and/or tube.
    
4. Unused tread depth of >=7 mm: 100% of the cost of the new tyre and/or tube.
   
   Unused tread depth is measured at the centre of the tread. In order to determine the mean tread depth under the coverage, at least four measurements will be taken at four different places to determine the indemnity under this add-on’s coverage.

• Damage To Rim
  During the policy period, if any rim on your vehicle gets physically damaged or distorted as a result of a blowout or being driven over potholes, kerbs, or other road debris, the insurer will cover the cost of repair or replacement of the damaged rim if you pay the additional premium as mentioned in the schedule.

Any service or labour charges incurred during replacement or repairs of the damaged tyre(s) and/ or rim(s) of your vehicle and consumable charges are also covered.

Here are the conditions associated with the coverage -

• The tyre and/or rim replacement will be the same make and specification. However, if it is not possible to find a similar type and the replacement is better than the damaged one, the insurer won't be liable for the same.
   
• During the policy period, you can replace the tyre/rim up to 4 times.
   
• If the damage to the tyre/tube/rim of your vehicle occurs as a result of an accident, the insurer's liability will be limited to the difference between the depreciation percentage under the own damage section and the unused tread depth.
   
• Your No Claim Bonus eligibility will not be affected if you only claim for tyres and rims at the time of renewal, provided that there was no other claim for vehicle damage during the policy period.

?What Is Not Covered?

The add-on will not provide coverage under the following circumstances -

1. Your vehicle isn't repaired at an authorised garage.
2. Any damage to the rims of your vehicle fitted with tyres other than tubeless tyres or run flats. Please note that this applies to the rim cover only.
3. Any loss or damage resulting from natural wear and tear including unevenly worn tyres due to improper steering geometry outside the manufacturer’s recommended limits or wheel balance, faulty suspension component, wheel bearing, or shock absorber.
4. Any loss or damage to rims due to corrosion/oxidation/rusting.
5. Any loss or damage occurring within the first 15 days from the commencement of the policy.
6. Any loss or damage that happened before the commencement of the policy.
7.  Any damage that results in the vehicle being totalled.
8. Regular maintenance, including adjustment, alignment, balancing or rotation of wheels or tyres or tubes.
9. Theft of tyre/tube/rim or its parts and accessories without theft of vehicle.
10. Claims for tyre/tube/rim that are different from the insured or supplied tyre/rim unless the insurer is informed and it is mentioned in the policy.
11. Any act of fraud committed by you, the workshop, or anyone with access to your vehicle.
12. Damage or loss caused by unsuitable storage or transportation.
13. Any consequential loss or damage, including noises, vibrations, etc. that don't affect the performance or functioning of the tyre or rim.
14.  Loss or damage caused by modifications not approved by the manufacturer.
15. Damage to tyres or rims caused by accessories being attached to your vehicle, like wheel covers, etc.
16. Loss or damage caused by reckless driving in races, rallies, or illegal activities.
17. Loss or damage caused by neglecting periodic maintenance as recommended by the manufacturer.
18. Damage caused by poor workmanship during repair work.
19. Any loss or damage caused by a manufacturing defect or design including manufacturer's recalls.
20. Damage or scratch that doesn't affect the functionality of the vehicle.
21. Damage to an old tyre that has been used for its fully defined life or one with less than 3 mm of unused tread depth.

Note: Certain conditions may apply.