HDFC ERGO General introduces add-ons in motor insurance scheme
Private insurer HDFC ERGO General Insurance today said it has incorporated add-ons in its motor insurance scheme aimed at
catering to the growing needs of customers.
With the introduction of add-ons, the customers can now claim expenses incurred towards repair or replacement of internal parts of gear box
and labour cost to overhaul the damaged engine and gear box.
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"With growing needs and dynamic external factors, the regular motor insurance is no longer sufficient. Keeping this in mind, we have designed
the motor insurance add-ons, which offer greater benefits to our customers at minimum additional cost," HDFC ERGO Strategic Planning, Human Resource and Marketing Head Mukesh Kumar said in a release.
Other add-ons offered by the firm are: zero depreciation cover which pays for the depreciation of part for partial loss claims at the time of
It will also offer to pay a daily benefit for each day that the vehicle is in a garage following an accident, claim being admissible under
the own damage part of the policy.
HDFC ERGO General Insurance is a 74:26 joint venture between housing finance institution HDFC and ERGO International AG, the primary
insurance entity of Munich Re Group.