Key Points
For instance, an Engine Protection add-on cover safeguards your car engine from losses due to water ingress or a Consumables add-on cover provides coverage for consumable elements such as grease, air conditioners gas, lubricants clip, engine oil, oil filter, brake oil, nut and bolt, screw, washers, etc., which are not covered in the standard policy...
To solve this, Bajaj Allianz General Insurance has come up with a new motor insurance plan that offers a plethora of add-on covers together.. Bajaj Allianz General 'V-Pay': All you need to know..
Under the Classic plan, you will get add-ons for Roadside Assistance; Consequential Losses (it will offer coverage if the vehicle is left unattended on the road including damage to child parts); CNG/LPG Kit (if customers forget to declare additional accessories or CNG fitments, their vehicles are still protected during claims with coverage of up to 1 per cent of the Insured Declared Value (IDV); Waiver of Deductible (Waiver of all types of compulsory deductible); Loss Arising Out of Adulterated Fuel (protection for loss or damage due to adulterated fuel and or damage due to flexi fuels) among many others..
Vehicle A B C IDV (Rs)6 lakh6 lakh6 lakh15 lakh15 lakh15 lakh35 lakh35 lakh35 lakh CC 1000-1500 1000-1500 1000-1500 1000-1500 1000-1500 1000-1500 >1500 >1500 >1500 Depreciation shield, Engine protector, Roadside Assistance, Consumables cover Y Y Y Add on- VPAY Classic Y Y Y Add on- VPAY Elite Y Y Y Final OD Premium (Rs)19,53022,53027,03050,08064,33083,8301,15,1031,60,6031,95,603..
Explaining the reason behind launching 'V-Pay', Tapan Singhel, MD & CEO of Bajaj Allianz General Insurance, said, "Motor Insurance offers multiple add-on covers, but choosing the right ones can be daunting..
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