Kotak Car Secure

Own Damage Cover

1 Accident by external means 7 Terrorist activity
2 Theft, Burglary and Housebreaking 8 Earthquake (fire & shock damage)
3 Riots and Strikes 9 Storm, tempest, floods, inundation, typhoon,
4 Malicious Act hurricane, cyclone, hailstorm frost
5 Whilst in transit by rail, road, water, lift, elevator or air 10 Landslide or rockslide
6 Fire, self ignition, explosion or lightning
Sum Insured: Insured's Declared Value (IDV) will be the sum insured of the vehicle.
Insured Declared Value = Ex-showroom Price – Depreciation %
Depreciation % for IDV Calculation
Age of vehicle Up to 6 Months 6 months-1 year 1 year-2 year 2 years-3 year 3 years-4 year Above 4 year
% of Depreciation 5% 15 % 20 % 30 % 40 % 50 %

Liability to Third Parties

Death / Bodily injury to any person and property damage
Note: • TP liability in case of death / bodily injury will be decided by the court of law.
• TP liability in case of damage to property is Upto `7,50,000.

Personal Accident Cover for

Owner Driver, Paid Driver, Occupants & Employees
Owner Driver Paid Driver Occupants & Employees
Sum Insured `15 lacs As per Workmen’s Compensation Act Upto `2 lacs per seat
In case if Owner-Driver, already has a 24 hours Personal Accident cover against Death and Permanent Disability (Total and
Partial) for sum insured of at least `15 lacs, it is not mandatory for a separate PA cover to be taken.

Private Car Insurance Policies

Policy Period
Category
Name of the Product Own Damage Third Party Cover Personal Accident
of Vehicle
(OD) Cover (TP) Cover (PA) Cover
Kotak Car Secure Old Cars 1 year 1 year 1 year
Kotak Car Secure – Bundled New Cars 1 year 3 years Option: 1 or 3 year(s)
Kotak Car Secure – OD Only * Old / New Cars 1 year NA NA
*Customer needs to ensure that there is a valid TP cover at all times.
Add-on Covers
Add On Covers Description of the Cover Guidelines & Conditions# UIN
Road Side Provides emergency assistance incase of 10 Age of vehicle up to 8 years IRDAN152RP0006V02201516 /
Assistance situations: Towing Facility, Battery jump start, A0015V02201516
IRDAN152RP0010V01201819 /
Arrangement / supply of Fuel, Emptying of fuel tank, A0021V01201819
Flat Tyre(s), Breakdown support over phone, Taxi IRDAN152RP0012V01201920 /
Benefit, Spare keys, Message Relay and Minor A0018V01201920
repairs. Allowed only 4 times in a policy year.
Depreciation Covers depreciation on replacement of parts at the Age of vehicle up to 2.5 years IRDAN152RP0006V02201516 /
Cover time of claim. Applicable for no. of claims as per Policy A0011V03201516
IRDAN152RP0010V01201819 /
Schedule. A0017V01201819
IRDAN152RP0012V01201920 /
A0014V01201920
Consumables Covers consumable items such as engine oil, gear Age of vehicle up to 2.5 years IRDAN152RP0006V02201516 /
Cover oil, coolant, AC gas, nut & bolts, filters, bearings, A0012V02201516
IRDAN152RP0010V01201819 /
washers, clips etc. due to accidental damage to A0013V01201819
the vehicle. IRDAN152RP0012V01201920 /
A0015V01201920
Engine Protect Covers damage to Engine and its assembly parts Age of vehicle up to 2.5 years IRDAN152RP0006V02201516 /
due to water ingression and consequential damage A0013V02201516
to these parts due to oil/lubricant leakage caused by IRDAN152RP0010V01201819 /
A0019V01201819
accidental damage. IRDAN152RP0012V01201920 /
A0018V01201920
Return to Invoice Covers reimbursement as per Original Purchase Age of vehicle up to 1.5 years IRDAN152RP0006V02201516 /
price which includes Ex showroom price, A0014V02201516
IRDAN152RP0010V01201819 /
Registration charges, road tax and cost of standard A0015V01201819
private car package policy. Covers only in case of IRDAN152RP0012V01201920 /
theft/TL/CTL claims. A0017V01201920
Loss of Personal Covers for loss or damage to personal belongings Age of vehicle up to 7.5 years IRDAN152RP0006V02201516 /
Belongings A0025V01201819
caused by perils mentioned under Own Damage
IRDAN152RP0010V01201819 /
Cover while personal belongings are in the vehicle at A0001V01201920
the time of loss or damage to the vehicle. IRDAN152RP0012V01201920 /
A0019V01201920
Key Replacement Cover reimbursement of the cost of repair / Age of vehicle up to 7.5 years IRDAN152RP0006V02201516 /
replacement of Insured Vehicle key(s), including A0026V01201819
IRDAN152RP0010V01201819 /
labor cost, in case key(s) of Insured Vehicle are lost / A0002V01201920
stolen or damaged. IRDAN152RP0012V01201920 /
A0020V01201920
Tyre Cover Cover will indemnify for the cost of repair/ Age of vehicle up to 1.5 years IRDAN152RP0006V02201516 /
A0022V01201819
replacement of tyres and tubes, due to accidental Tyre Serial numbers are
IRDAN152RP0010V01201819 /
loss or damage or impact bulging of side wall manadatory A0003V01201920
excluding manufacturing defect, chemical or IRDAN152RP0012V01201920 /
atmospheric damages. A0021V01201920

For complete list of add-on covers please refer to the policy wordings.

Important Guidelines
(Break in cases) Pre-Inspection Mandatory

Documents Required
Signed Proposal Form Previous Insurance Copy RC Copy Cheque/DD GBM Receipt Debit Mandate for
& Premium Quotation KMBL / KMPL

Guidelines - Field Authority for Sourcing #

Vehicles up to Maximum IDV Break – in up Premium as per All Accepted models
Age 10 Years of `50 Lakhs to 90 days the calculator (Non Declined Models)
 Declined Models #
Make Chevrolet Daewoo Mitsubishi Renault Maruti Tata Toyota ICML
Models All All All Kwid Omni/Eeco Sumo/Spacio/Indica Qualis/Fortuner Rhino

Other Declined Risks

Rally/Reliability trails Extension of geographical area Driving tuition vehicles Vintage cars

Depreciation charts for replacement of parts : Material wise Depreciation Chart

All rubber/nylon/plastic parts, tyres and tubes, For fiber glass For all parts
batteries and air bags components made of glass
50% 30% Nil

Depreciation charts for replacement of parts : For all other parts including wooden parts
Exceeding 10 %
Exceeding Exceeding Exceeding Exceeding
Not 6 months Exceeding
2 year but 3 year but 4 year but 5 year but Exceeding
exceeding but not 1 year but not
not exceeding not exceeding not exceeding not exceeding 10 years
6 months exceeding exceeding
3 year 4 year 5 year 10 year
1 year 2 year
0% 5% 10 % 15 % 25 % 35 % 40 % 50 %

Compulsory Deductible Chart

Private Car Up to 1500 CC Private Car to Above 1500 CC
`1,000 `2,000

No Claim Bonus Chart (A Discount % on Own Damage Premium)

New 1 Year 2 years 3 years 4 years More than 4 Years
0% 20 % 25 % 35 % 45 % 50 %

#Please refer to latest Underwriting guidelines.

"This communication is intended solely for the training and development of the distribution channel and has to be used strictly for internal circulation only".
Kotak Car Secure UIN: IRDAN152RP0006V02201516; Kotak Car Secure – Bundled UIN: IRDAN152RP0010V02201819;
Kotak Car Secure – OD Only UIN: IRDAN152RP0012V01201920.