HDFC Ergo Car Insurance Review – Forbes Advisor INDIA

HDFC Ergo offers four kinds of car insurance plans:

1. Third-party Insurance

2. Comprehensive Insurance

3. Standalone Own Damage Cover

4. Private Car Bundle Policy

Third-party Insurance

This insurance covers you from the legal liabilities caused by injury to the third-party person, damages to their car or loss of third-party property due to your car. The Motor Vehicles Act, 1988, has made third-party insurance mandatory for driving a vehicle in India.

• Personal accident cover of up to INR 15 lakh available.
• Medical needs for injuries sustained by a third party person covered.
• Up to INR 7.5 lakh towards third party property damages.
• You can buy the third-party insurance policy online by submitting basic documentation.
• No contractual liabilities that a consumer may have entered into are covered under the plan.
• Any damage to a third party person or property due to wars and nuclear risks are not covered.
• Claims raised upon speed testing or organized racing are not covered.
• Premium amount starts from INR 2,072

Insurance Regulatory and Development Authority of India (IRDAI) regulates the third party car insurance premium on an annual basis. For the year 2021, third party car insurance premium is:

Comprehensive Insurance

This is an all-rounded protection plan that provides you coverage against

A) Third party liability

B) Damages or losses arising due to natural calamities such as earthquakes, cyclones and floods, thefts, fires, vandalism and accidents.

C) Injury to a third party person

• Personal accident cover of INR 15 lakh
• Allows you to add-on covers of your choice such as zero depreciation, NCB protect, among others.
• Has more than 7500 network garages across India where you can use your plan.
• Artificial Intelligence tool called IDEAS helps users raise their claims.
• Users can also raise their claims via WhatsApp.

Standalone Own Damage Cover

This policy covers any damages and losses caused due to accidents and collisions, natural calamities, fire, and theft to your car. You need to have an active third-party insurance policy to purchase this policy.

Private Car Bundle Policy

This cover offers the policyholder a one-year coverage against damage to their car along with a three-year cover against damages to a third-party person or their property. This cover is ideal for new car buyers.