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Kotak Car insurance

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Kotak Car insurance

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  1. GeneralInsurance KotakCorporateVehicleSecure AddOnCoverWording 22-23/v1 Whereas the Insured by aproposal and declaration dated asstated in the Schedulewhich shall bethe basisof this contractandisdeemedto be incorporated herein has applied to the Company for the insurance hereinafter containedandhaspaidthepremiummentioned intheScheduleas considerationfor suchinsurancein respectof accidentallossor damage occurringduringtheperiodofinsuranceasspecifiedintheSchedule.(Theterm two wheeler referred to in this Tariff will include motor cycle / scooter / auto cycleoranyothermotorisedtwowheeledvehiclementionedintheSchedule.) A.NOWTHISPOLICYWITNESSETHADD-ONSFORCOMPREHENSIVE INSURANCEPOLICY The following Add-on Cover are applicable under the Policy only if We have received the applicable premium due for that Add-on Cover in full and the SchedulespecifiesthattheCoverisinforcefortheInsuredPerson. The Add-on Cover available under this Policy are described below. Add-on Cover under this Policy will be payable subject to the terms, conditions and exclusions of this Policy and the availability of the Sum Insured and subject always to any sub-limits specified in respect of that Add-on Cover and any limitsapplicableunder theProductinforcefortheInsuredPersonas specifiedintheSchedule. OurtotalliabilityforpaymentofanyandallClaimspertainingtothe respectiveadd-on in the aggregateduring eachPolicyYearof the Policy PeriodshallnotexceedtheSumInsuredfortherespectiveadd-on: ADD-ON1.DepreciationCover Subject otherwise to the terms, exceptions, conditions and limitations of this Policy,inconsiderationofthepaymentofanadditionalpremiumbytheInsured, it ishereby agreed and understood that notwithstanding any other terms contrary under the Policy, no amounts shall be deducted by the Company for depreciation in case of parts replaced on account of damage to the Insured vehicle [Private Car, Two Wheeler, Passenger Carrying Vehicle, Goods Carrying Vehicle or Miscellaneous and Special Types of vehicles ratable under Class D (excludingthecarriage ofgoodsotherthansamples)]and/ortoitsaccessories, arisingoutofanyperilcoveredunderSectionIoftheComprehensivePolicy. SpecialConditions: This cover under this Endorsement shall be applicable to the first two (2) claims made during the policy period and anysubsequent claim(s)shall be subject to deductions for depreciation at the rates mentioned in the Policytermsandconditions. TheInsuredshall be liablefortheVoluntaryDeductibleamount,as opted by the Insured for this Endorsement and specified in the Schedule, for each and every claim payable under this Endorsement, which shall be applicableinadditiontothedeductiblesapplicableunderthePolicy. ApplicableExclusions: TheCompanyshallnotbeliableunderthisEndorsementinrespectof: Depreciation pertaining to any part / sub part / accessories not approved forreplacementbytheCompanyunderthePolicy. In the event of complete loss (Constructive Total Loss or Total Loss) of the insuredvehicle[PrivateVehicle,TwoWheeler,PassengerCarrying Vehicle, Goods Carrying Vehicle or Miscellaneous and Special Typesof vehiclesratable under ClassD(excluding the carriage of goods other than samples)] asdeclared under the Policy, no payment shall be made underthisadd-on.Costofconsumableslikenuts,bolts,grease,etc. Where loss is covered under manufacturer’s warranty or recall campaign orunderanyothersuchpackagesatthesametime AnyclaimwhichisnotifiedtotheCompanyafter30daysofthe happening of loss or damage Provided that the Company may, in its sole discretion, condone the delayin notification of claimon merit if the InsuredprovidestheCompanywiththereasonsfordelayinwriting. Subjectotherwiseto the terms,exceptions,conditionsandlimitations of thisPolicy. Insured may opt for deductibles under Depreciation Cover. In such instances additionaldiscountwouldbeallowedaspertablebelow: 1. For Private Vehicle, Passenger Carrying Vehicle, Goods Carrying Vehicle or Miscellaneous andSpecialTypesofvehiclesratable underClassD (excludingthecarriageofgoodsotherthansamples). 2.ForTwoWheeler 22-23/v1:Page1;KotakMahindraGeneralInsuranceCompanyLtd.;KotakCorporateVehicleSecureUIN:IRDAN152RP0001V01201617;AddOnCoverWording UIN:IRDAN152RP0001V01201617/A0002V01201617 ADD-ON2.ConsumablesCover: Subject otherwise to the terms, exceptions, conditions and limitations of this Policy,inconsiderationofthepaymentofanadditionalpremiumbytheInsured, itisherebyagreedanddeclaredthatnotwithstandinganythingtothecontrary contained in the Policy,the Companyherebyextendsthe Policyto cover expenses incurred by the Insured in respect of Consumable Items (as defined below) in the event of damage to the Insured vehicle [Private Vehicle, Two Wheeler, Passenger Carrying Vehicle, Goods Carrying Vehicle or Miscellaneous and Special Types of vehicles ratable under Class D (excluding the carriage of goodsotherthansamples)]and/ortoitsaccessories, arising outofanyperilas covered under the Policy. For the purpose of this Endorsement, Consumable Itemsshallmeanthosearticlesorsubstanceswhichhavespecificusesandwhen applied to their respective uses are either consumed totally or are rendered for continuous and permanent use. Such Consumable Items will include nut and bolt, screw, washers,grease,lubricants clip, air conditioner gas,bearings, distilledwater,engineoil,oilfilter,fuelfilter,breakoilandthelike. SpecialConditions: TheCompanyshallnotacceptanyclaimunderthisEndorsement,whereaclaim underSectionIoftheComprehensivePolicymadebyInsuredwiththe CompanyunderthePolicyisnotpayable. ApplicableExclusions: TheCompanyshallnotbeliableunderthisEndorsementinrespectof: Consumablespertainingtoanypart/subpart/accessoriesnotapprovedfor replacementbytheCompany. Consequentiallossofanykind. IntheeventofcompletelossoftheInsuredvehicle(ConstructiveTotalLoss orTotal Loss) asdeclaredunderthePolicy,nopaymentshallbemadeunder thisEndorsement. WherelossiscoveredunderthePolicyoranyothertypeofinsurancepolicy with any other insurer or manufacturer’s warranty or recall campaign or underanyothersuchpackagesatthesametime. Anyclaimsrelatedtolossordamageduetowearandtear. AnyclaimwhichisnotifiedtotheCompanyafter30daysofthehappening of loss or damage provided that the Company may, in its sole discretion, condone thedelayinnotificationofclaimonmeritiftheInsuredprovides theCompanywiththereasonsfordelayinwriting. Subjectotherwiseto the terms,exceptions,conditionsandlimitations of thePolicy. UIN:IRDAN152RP0001V01201617/A0006V01201617

  2. ADD-ON3.EngineProtect: Subject otherwise to the terms, exceptions, conditions and limitations of this Policy,inconsiderationofpaymentofanadditionalpremiumbytheInsured,itis herebyagreedanddeclaredthatnotwithstandinganytermscontraryunderthe Policy, the Company hereby undertakes to indemnify the Insured for expenses incurredinrepairorreplacementofEngineParts,DifferentialPartsandGearBox Parts which becomes necessary due to Consequential Damage arising out of wateringression/leakage oflubricatingoilwhichdirectlycauselossor damage totheaforesaidparts. SpecialConditions: ForthepurposeofthisEndorsement,'ConsequentialDamage' shall mean "thedamagemorespecificallyexpressedhereinabovecausedtoanInsured vehicle [Private Vehicle, Two Wheeler, Passenger Carrying Vehicle, Goods Carrying Vehicle or Miscellaneous and Special Typesof vehicles ratable under Class D (excluding the carriage of goods other than samples)] not arising directlyfrom aperilInsuredunder the Policybut asadirect consequencetothesame". ForthepurposeofthisEndorsement,'EngineParts' shall meanallinternal lubricated parts of the engine including pistons, pins and rigs, all pulleys camshaft,followers,cambearings,connectingrodsandbearings, crankshaft and main bearings, dipstick and tube, eccentric shaft, engine heads and engine blocks, engine mounts and cushions, engine torque strut, flywheel andflywheel ring gear,harmonic balancer,intake and exhaust manifolds, oil pan, oil pumps, push rods, valves, springs, guides, seats, and lifters, rocker arms, shafts, and bushings, timing covers, timing gears, chain, belt tensioners, retainers, vacuum pump, valve covers, and waterpumps,fuelinjectionpump(for diesel engines only)andfuelheater (fordieselenginesonly). For the purpose of this Endorsement, 'Differential Parts' shall mean all internallylubricatedparts containedwithinthedifferentialhousing includingaxleshafts,constantvelocityjoints,bearings,finaldrivehousing, four wheel drive hubs and bearings, retainers, transaxlehousing and universaljoints,driveshafts,hubbearingsandsupports. Forthe purpose of this Endorsement, 'Gear BoxParts'shall mean all internallylubricatedpartscontainedwithinthetransmissioncase including cooler, cooler lines, filer tubes and dipsticks, internal linkage, mounts, oil pans,torque convertor, transfercase,transmission and transfercase, transmission park baseassembly,vacuum modulator, gear shafts, and gearbox. Incaseofanaccident,paymentunderthisEndorsementshallbemadeonly whentheCompanyisprovidedwithevidenceofundercarriagedamageto EnginePartsand/orGearBoxPartsand/orDifferentialPartsdirectlycausing oilleakage. The CompanyshallnotacceptanyclaimunderthisEndorsement,wherea claimunderSection1ofthePolicyisnotpayable. ApplicableExclusions: TheCompanyshallnotbeliableunderthisEndorsementinrespectof: In the event of complete loss (Constructive Total Loss or Total Loss)of the Insured vehicle [Private Vehicle, Two Wheeler, Passenger Carrying Vehicle, Goods Carrying Vehicle or Miscellaneous and Special Typesof vehicles ratableunderClassD(excludingthecarriageofgoodsotherthansamples)] asdeclaredunder thePolicy,nopaymentshall bemadeunderthis Endorsement. Costofconsumableslikenuts,bolts,grease,etc. WherelossiscoveredunderthePolicyoranyothertypeofinsurancepolicy with any other insurer or manufacturer’s warranty or recall campaign or underanyothersuchpackagesatthesametime. Anyclaimsrelatedtolossordamageduetowearandtear. AnyclaimwhichisnotifiedtotheCompanyafter30daysofthehappening of loss or damage provided that the Company may, in its sole discretion, condone thedelayinnotificationofclaimonmeritiftheInsuredprovides theCompanywiththereasonsfordelayinwriting. Subjectotherwiseto the terms,exceptions,conditionsandlimitations of thePolicy. UIN:IRDAN152RP0001V01201617/A0005V01201617 ADD-ON4.ReturntoInvoice: Subject otherwise to the terms, exceptions, conditions and limitations of this Policy,inconsiderationofpaymentofanadditionalpremiumbytheInsured,itis herebyagreedandunderstoodthatnotwithstandinganytermscontraryunder the Policy, the Company hereby undertakes to pay the difference between the Insured’s Declared Value (IDV)of the Insured vehicle and the Purchase Invoice Price (as defined below) of the Insured vehicle, asspecified in the purchase invoice upon the occurrence of any Total Loss (including theft)/ Constructive TotalLossasdefinedinthePolicy. SpecialConditions: a) For the purpose of this Endorsement, “Purchase Invoice Price” shall mean theex-showroompriceoftheInsuredvehicle[PrivateVehicle,Two Wheeler,PassengerCarryingVehicle,GoodsCarryingVehicleor Miscellaneous andSpecialTypesofvehiclesratable underClassD (excluding the carriage of goods other than samples)] and includes the valueoffactoryorcardealeraccessoriesthatwerefittedatthetime ofpurchase. PurchaseInvoice Pricealso includes the cost of astandard private car packagepolicy(withoutanyadd-oncoversorendorsements),amountpaid towards registration of the Insured vehicle [Private Vehicle, Two Wheeler, Passenger Carrying Vehicle, Goods Carrying Vehicle or Miscellaneous and Special Types of vehicles ratable under Class D (excluding the carriage of goodsotherthansamples)],applicableroadtaxandOctroi. Incase a copyofthepurchaseinvoice is notavailable,thePurchaseInvoice Priceof the Insuredvehicle[PrivateVehicle,TwoWheeler,Passenger Carrying Vehicle, Goods Carrying Vehicle or Miscellaneous and Special Types of vehicles ratable under Class D (excluding the carriage of goods otherthansamples)]will becalculatedasbelow:PurchaseInvoice Price = IDV/ (1-Depreciation%, asdefined below asper the age of the Insuredvehicle) The CompanyshallnotacceptanyclaimunderthisEndorsement,wherea claimunderSectionIofthePolicyisnotpayable. Rateofdepreciationwillbeasperthefollowingschedule. 22-23/v1:Page2;KotakMahindraGeneralInsuranceCompanyLtd.;KotakCorporateVehicleSecureUIN:IRDAN152RP0001V01201617;AddOnCoverWording • ApplicableExclusions: • TheCompanyshallnotbeliableunderthisEndorsementinrespectof: • WherelossiscoveredunderthePolicyoranyothertypeofinsurancepolicy with any other insurer or manufacturer’s warranty or recall campaign or underanyothersuchpackagesatthesametime. • Accessories which are not additionally Insured under the Policy shall not becovered. • AnyclaimwhichisnotifiedtotheCompanyafter30daysofthehappening of loss or damage provided that the Company may, in its sole discretion, condone thedelayinnotificationofclaimonmeritiftheInsuredprovides theCompanywiththereasonsfordelayinwriting. • Subjectotherwiseto the terms,exceptions,conditionsandlimitations of thePolicy. • UIN:IRDAN152RP0001V01201617/A0004V01201617 • ADD-ON 5. Road Side Assistance (Applicable only for Private Vehicle) Subjectotherwisetotheterms,exceptions,conditionsandlimitationsofthis Policy,inconsiderationofpaymentofanadditionalpremiumbytheInsured,itis • herebyagreedanddeclaredthatnotwithstandinganytermscontraryunderthe Policy,theCompanyherebyundertakestoprovidetheInsured,uponhisrequest thefollowingemergencyassistanceservicesduringthePolicyPeriodthroughits networkgaragesorserviceproviders,providedthat • The services are requested to be provided in an area where the Company hasitspresencethroughitsnetworkgaragesorthroughthenetworkofits serviceproviders;and • The Company shall be liable for only up to four emergency assistance servicesclaimsduringthePolicyPeriod: • Towingduetoanaccidentorbreakdown:IntheeventoftheInsured vehicle [Private Vehicle] being immobilized or rendered unfit for the purpose of driving on the road, the Company shallarrange for appropriatetowingservicestothenearest garagewithinaradiusof • 50 kmsfrom the locationof the breakdown/accident,provided alwaysthatanychargesfortowingtheInsuredvehicleforadistance beyondtheaforesaidlimitshallbebornebytheInsured. • Batteryjumpstart:IntheeventoftheInsuredvehicle[PrivateVehicle] being immobilized due to a run-down battery, the Company shall arrangeforavehicletechniciantojumpstarttheInsuredvehiclewith appropriatemeans,providedalwaysthat any costof charging/ replacementof batteryshall bebornebytheInsuredandthe Company shall only be liable for all labour and conveyance costs, towardsbatteryjumpstartassistanceunderthisEndorsement. • Arrangement/ Supply of fuel: In the event of the Insured vehicle [PrivateVehicle]beingimmobilizedduetoemptyingof its fueltank, theCompanyshallarrangeforsupplyofuptofivelitersoffuel,atthe locationofthebreakdown,providedalwaysthatallactualfuelcosts shallbebornebytheInsuredandtheCompanyshallonlybeliablefor alllaborcostsandconveyancecostsunderthisEndorsement.

  3. Emptying of fuel tank: In the event of the fuel tank of the Insured vehicle [Private Vehicle] being filled with an incompatible fuel, the Companyshallarrangeforemptyingofthefueltankwiththehelpof appropriatetechnicians andif required,arrangefor towing the Insuredvehicletothenearestgarageforthepurposeofemptyingthe fueltank,providedalwaysthatallchargestowardsthetowingofthe vehicleshallbebornebytheInsured. • Flat Tyre(s): In the event of the Insured vehicle [Private Vehicle] being immobilized due to a flat tyre, the Company shall assist the Insured by: • Organizing for a vehicle technician to replace the flat tyre with thesparestepneytyreofthevehicleatthelocationof breakdown; OR in the event of repairs not being possible at the placeofbreakdown • By arranging to take the flat tyre to the nearest place of repair and delivering the tyre back to the place of breakdown and attachingittotheInsuredvehicle. • Provided always that any expenses on material/spare parts and any other incidental costs, if required while carrying out the repairs, would be borne by the Insured and the Company shall only be liable for expenses on labour cost and conveyance cost, inrelationtoparas(a)and(b)above,underthisEndorsement. • Breakdown support over phone: In the event of minor mechanical errors/ faults/non-functioning of the Insured vehicle [Private Vehicle] or any part thereof, the Company shall through its network service providers providetheInsuredwithtelephonicassistanceto come up withsolutionsforsuchminormechanicalerrors/faults/non functioningoftheInsuredvehicle. • TaxiBenefits:IntheeventoftheInsuredvehicle[PrivateVehicle]being immobilized due to an accident or breakdown, the Company shall arrange for free travel of the occupants of the Insured vehicle for occupantsuptoadistanceof50kilometers,providedalwaysthat: • The event has occurred50kmsawayfromtheInsured’s placeof residenceasdeclaredbytheInsuredatthetimeof policy issuance. • Anychargesforadistancebeyondthecovereddistanceasstated aboveshallbebornebytheInsured. • Thecoverunder this Endorsement shallremain restricted in respectoftheactualnumberofoccupantsoftheInsuredvehicle orthemaximumseating capacity oftheInsuredvehicle, subject alwaystothelimitsmentionedabove. • Arrangement of keys: In the event of the Insured losing the keys of the Insured vehicle [Private Vehicle], the Company shall arrange for pickupanddeliveryofthesparekeysoftheInsured vehicle from his residencetotheplacewheretheInsuredvehicleislocated. Alternatively,theCompanyshallprovidetheserviceofunlockingthe Insured vehicle withthehelpof vehicle techniciansatthelocationof theInsuredvehicle,providedalwaysthattheCompanyshallbeliable onlyforalllabourandconveyancecostsunderthisEndorsementand the Insuredshall berequiredtosubmitan identityproofto prove his ownershipoftheInsuredvehicle,beforeavailinganyoftheaforesaid services.Itisfurtherherebyagreedandunderstoodthat this service shallbeprovidedonlywithinarangeof50kms. • Message Relay: In the event of the Insured vehicle [Private Vehicle] becomingimmobilizedasaresultofanaccidentorabreakdown,the Companyshallarrange,uponthe Insured’s request,tosendthrough available means of communication urgent messages to the persons specifiedbytheInsured. j)Minor Repairs: In the event of the Insured vehicle [Private Vehicle] beingimmobilizedduetoaminormechanicalorelectricalfault,the Company shall assist the Insured by sending a vehicle technician to the location of the Insured vehicle to carry out Minor Repairs (as defined below), provided always that the Company shall only be liable for the expenses on labour cost and conveyance cost under thisEndorsement. For the purpose of the Endorsement, Minor Repairs shall mean repairs which can be carried out at the location of breakdown/accident, requiring no spares andwouldrequirelessthan45minutesoflabourtime. ApplicableExclusions: TheCompanyshallnotbeliableunderthisEndorsementinrespectof: Providing the abovementioned services under conditions of earthquake, war, invasion, rebellion, revolt, riot, civil commotion, civil war, exceptional adverseweatherconditions,actsofterrorism,nuclear fission,strike,act(s) ofgovernment(s)/governmentagencies/judicial/quasi-judicialauthorities. Any claims in respect of an Insured vehicle which is being used for the purpose of racing, rallying, motor-sports, or is not being used/driven in accordancewithapplicablelawsandregulations. Any claim in respect of an Insured vehicle which can be safely transferred onitsownpowertothenearestgarage/workshop. Anyclaimsarisingoutoftheft; Anyformofconsequentialloss. Any loss which is covered under the Policy, any other insurance policy or manufacturer’swarranty or recall campaignor underanyother such packagesatthesametime. Anyexpensesforsupplyorreplacementofparts/consumables. Anyloss/damagecausedtotheInsuredvehiclewhenitisbeingused/driven againsttherecommendationsoftheowner’s/manufacturer’smanual. Any claims in respect of which services have been availed of without the priorconsentoftheCompany. UIN:IRDAN152RP0001V01201617/A0003V01201617 Grievance For resolution of any query or grievance, Insured may contact the respective branch office of the Company or may call toll free number 1800 266 4545 or maywriteane-mailatcare@kotak.com. In case the Insured is not satisfied with the response, Insured may contact the GrievanceOfficeroftheCompanyatgrievanceofficer@kotak.com. IncaseiftheInsuredisnotsatisfiedwiththesolutiontheGrievanceOfficerhas provided,Insuredcanwrite toseniorgrievanceofficer@kotak.com/ chiefgrievanceofficer@kotak.com. However, if the resolution provided by us is not satisfactory you may approach Insurance Regulatory and Development Authority of India (IRDAI) through the Integrated GrievanceManagement Section(IGMS)or IRDAGrievance Call Centre(IGCC)attheirtollfreeno.155255. You may also approach Insurance Ombudsman, subject to vested jurisdiction, for the redressal of grievance. The details of the Insurance Ombudsman is availableatAnnexureI. Thedetailsof theInsuranceOmbudsman/ CompleteGrievanceRedressal ProcessisalsoavailableatCompany’s website:www.kotakgeneral.com. The updated details of Insurance Ombudsman offices are also available on the websiteofExecutiveCouncilofInsurers:www.ecoi.co.in/ombudsman.html. 22-23/v1:Page3;KotakMahindraGeneralInsuranceCompanyLtd.;KotakCorporateVehicleSecureUIN:IRDAN152RP0001V01201617;AddOnCoverWording

  4. Annexure I:DetailsofInsuranceOmbudsman 22-23/v1:Page4;KotakMahindraGeneralInsuranceCompanyLtd.;KotakCorporateVehicleSecureUIN:IRDAN152RP0001V01201617;AddOnCoverWording KotakMahindraGeneralInsuranceCompanyLtd. CIN:U66000MH2014PLC260291.Registered Office: 27 BKC,C27,GBlock,BandraKurlaComplex,BandraEast,Mumbai– 400051.Maharashtra,India. Office:8thFloor,ZoneIV,Kotak Infiniti,Bldg.21,InfinityITPark,Off WEH,Gen.AKVaidya Marg, Dindoshi,Malad(E), Mumbai –400097. India. TollFree: 1800 2664545;Email:care@kotak.com;Website:www.kotakgeneral.com;IRDAIReg.No.152.

  5. Thank You Know more on car insurance in indiaat Kotak 22-23/v1:Page4;KotakMahindraGeneralInsuranceCompanyLtd.;KotakCorporateVehicleSecureUIN:IRDAN152RP0001V01201617;AddOnCoverWording KotakMahindraGeneralInsuranceCompanyLtd. CIN:U66000MH2014PLC260291.Registered Office: 27 BKC,C27,GBlock,BandraKurlaComplex,BandraEast,Mumbai– 400051.Maharashtra,India. Office:8thFloor,ZoneIV,Kotak Infiniti,Bldg.21,InfinityITPark,Off WEH,Gen.AKVaidya Marg, Dindoshi,Malad(E), Mumbai –400097. India. TollFree: 1800 2664545;Email:care@kotak.com;Website:www.kotakgeneral.com;IRDAIReg.No.152.

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