Motor vehicle is an invention which has made daily commuting easy. It is convenient and fast and saves our time. Though it is easy to own a vehicle it is expensive maintaining a motor vehicle especially in case of damage caused to your vehicle due to some unavoidable circumstances or accidents. Thus Karur Vysya Bank has entered into an arrangement with Bajaj Allianz General Insurance to bring you comprehensive cover package policy that helps the customers in maintaining their vehicle in such situations.
Motor vehicle includes private cars, Motorized Two wheelers and Commercial vehicles excluding vehicles running on rails.
The policy can be taken by the owners of the vehicle, Financiers or Lessee, who have insurable interest in a motor vehicle.
- Huge savings with a comprehensive coverage for your vehicle
- Preferred workshops give you access to hassle free inspection, high service standards and cashless settlement of claims in event of an accident/breakdown
- Transfer your existing No Claim Bonus from any Insurance provider ranging from 20% - 50%
- To reimburse the expenses incurred for:
- Repair / replacement of the parts of the vehicle
- To pay the market value of the vehicle in case of a total loss. Provided that the originating cause of such damage is an accident, including theft
- It covers the legal liability to third party personal injury and property damage arising out of an accident involving the insured vehicle.
- Loss of accessories
- Legal liability to the paid driver, cleaner or any workman
- Personal accident to the occupants
- Personal accident cover for owner-driver is compulsory
- Increased Legal liability towards property damage of third party for a limit of Rs. 7.5 lacs