HDFC ERGO is a mutual enterprise between India’s first Housing Finance Institution, HDFC Ltd., and ERGO International Agency from Munich Re Group. Together they deliver a wide range of Insurance policies. From Health to Home and from Motor to Travel, they cover all your general Insurance products.
HDFC has been a trusted private sector bank in India for years and its partnership with the International Munich Re Group ensures a sustainable value product.
Among their many Insurance products, Motor Insurance covers all risks related to your personal or commercial vehicles. Be it Two Wheeler Insurance, Car Insurance or Bike Insurance, etc.
What is HDFC ERGO Car Insurance?
Car Insurance is a protection you can arrange for your vehicle against any potential eventuality. An unfortunate accident or theft leading to untimely financial damage. Car insurance makes certain that all your vehicle’s need is fulfilled without much loss from your wallet.
In allows a kind of mental insurance to your head in case of any mishaps. Also under the Motor Vehicle Act, in order to have a vehicle on road, it is compulsory to have liability only insurance policy.
Kinds of HDFC ERGO Car Insurance
There are basically three types of Car Insurance
- Third-Party Liability
- Standalone Car Insurance Plan
- Comprehensive Car Insurance Plan
a) Third-Party Liability – This Insurance has been made crucial by the government under the Motor Vehicle Act. The plan encloses all the damages of an accident induced by your vehicles to a third party.
b) Standalone Car Insurance – In the case of any natural disasters such as earthquakes, floods, and tsunamis, etc, or in man-made events like riots, protests, and revolts, the Standalone Insurance provides service regarding the damage caused by such events.
c) Comprehensive Car Insurance– Comprehensive car insurance covers all your expenses from disasters, third party liability, and road accidents. Although the validity of the insurance varies depending upon the type of plan. Long term Comprehensive Car Insurance lasts up to 3 years, whereas 1 year Comprehensive Plan is valid till 1 year only.
Why is HDFC ERGO important?
The world that we live in today is full of uncertain dangers and setbacks. In this scenario, every little possession that you own becomes precious and demands protection.
Hence, your vehicles (personal or commercial) require a shield against the consequences of accidents, theft, natural disasters, and other such incidents. HDFC ERGO Car Insurance provides you that shield of protection to defend yourself in the time of crisis.
It also enables you to save your money from huge bills due to car repair. As it is a fact that it costs a fortune to have your car repaired post accidents. Thus, to curb such a financial toll it is advisable to have a good car insurance policy.
In addition to damages, it also provides help and alternatives in case of a stolen vehicle.
What are the Benefits?
HDFC ERGO Car Insurance comes with a lot of benefits such as Cashless Garages, where more than 6,800 garage network all over the country is available for you to go cashless anywhere anytime.
Small technical damages can be repaired without any quarrel with 24 hours of car repair services. Along with this, you can also get up to 70% discount on your car insurance premium.
The HDFC ERGO Car Insurance includes:-
- Car Accidents
- Fire Damage
- Natural disasters
- Car Injuries
- Third-Party Liability
Although it is careful to note some of the things it does not cover, such as:-
- Technical Breakdown
- Illegal Actions
Some of the elements that are not covered within the offered insurance policy can be added to the plan later on with some of these additional features:-
a) Zero Depreciation Cover – With this item, you can ensure a way out of all the expenses that might be excluded from your insurance plan. With this plan, you can claim the entire amount with zero depreciation.
b) Emergency Assistance Cover – With this Add on you can unlock all the features you will require in case of an emergency. You can get your car towed in the middle of the night just by reaching out to the insurance company. It also includes technical difficulties such as lost key, tire change, battery repair, fuel tank change, etc
c) Downtime Protection- This genius feature assists you during the time your vehicle is under repair. It offers you an allowance for the time being to use alternatives such as cabs.
How to Renew Your Insurance?
With the online portal available at all times, the renewal of your expired insurance policy is as easy as clicking a button. All you need is to download the HDFC ERGO Self Inspection App. In the application, you need to upload all the required documents and files.
After the approval process for document checks by HDFC ERGO is completed, a link with a payment option appears. Further, you can make the payment and get a copy of the renewed policy.