What does the own-damage component cover?

Eligible damage from insured events such as accidents, theft, fire and specified natural or man-made calamities may be covered, subject to the policy wording.

How is the bundled policy premium calculated?

The quote depends on vehicle details, IDV, registration location, own-damage rating factors, discounts and selected covers.

Can I add optional covers?

Optional covers may be available subject to insurer availability, vehicle eligibility, additional premium and the relevant add-on wording.

IndusInd General Bundled Car Insurance: 1+3 Year Cover

IndusInd General Bundled Private Car Policy Overview

IndusInd General Bundled Private Car Policy combines one year of own-damage protection with three years of third-party liability cover. It is designed for eligible new-car purchases where the owner wants own-vehicle protection for the first policy year alongside multi-year third-party insurance. Own-damage protection may cover eligible losses caused by accidents, fire, theft and specified natural or man-made events, subject to policy conditions. Third-party cover protects against eligible legal liabilities for injury, death or property damage caused to others. After the own-damage portion expires, the owner must renew or purchase appropriate own-damage cover if continued protection for the car itself is desired. The premium is quote-based and depends on vehicle details, IDV, location, applicable discounts and selected covers.

One-year own-damage cover combined with three-year third-party liability cover

Expert Review of IndusInd General Bundled Private Car Policy

The key distinction of this bundled policy is the different duration of its two components: one year for own-damage and three years for third-party liability. Buyers should check the policy schedule carefully so they understand each component’s start and end dates. The own-damage premium is vehicle-specific and can be affected by IDV, vehicle variant, registration location, claim history and optional covers. Do not assume that own-damage protection continues for the full three years just because third-party liability does. Before the first own-damage period ends, compare renewal options and confirm that third-party cover remains valid. Eligibility and availability should be confirmed with the insurer for the vehicle being insured.

Pros

Combines own-damage cover with three-year third-party liability protection.
Reduces the need to arrange third-party renewal during the specified three-year period, subject to policy terms.
Can provide own-car protection against eligible accidents, theft, fire and specified calamities during the own-damage term.

Cons

Own-damage cover lasts one year, not the full three-year bundled third-party term.
Premium depends on the vehicle, IDV, location and selected covers.

About IndusInd General (Insurer Profile)

IndusInd General

Key Insights

Founded

2000

IndusInd General was established 26 years ago and has built strong credibility over time, backed by its long-standing presence in the market.

Claims Experience

94.8% CSR, calculated as a 3-year average

IndusInd General settles 94.8% of all claims it receives.

Contact Details

1800-3009

Headquarters: 6th Floor, Oberoi Commerz, International Business Park, Oberoi Garden City, Off. Western Express Highway, Goregaon (East), Mumbai – 400063, Maharashtra, India

IndusInd General Bundled Private Car Policy Features and Benefits

One-Year Own-Damage Cover

Provides own-vehicle protection for the own-damage policy period against covered events.

Check the schedule for the exact start and expiry dates.

Three-Year Third-Party Liability

Provides cover for eligible legal liability arising from third-party injury, death or property damage during the insured period.

Subject to applicable law, limits and policy terms.

Accidental Vehicle Damage

Eligible accidental loss or damage to the insured car may be covered during the own-damage period.

Deductibles, depreciation and exclusions may apply.

Theft and Total Loss

Eligible theft or total-loss claims may be covered under the own-damage component.

Settlement is subject to policy terms and applicable IDV.

Fire and Natural Calamities

Covers specified insured events such as fire, flood, storm or earthquake where included in the policy wording.

Check the exact insured events and exclusions.

Separate Renewal Timelines

The own-damage and third-party components have different policy durations.

Renew own-damage cover before it expires if continued own-car protection is needed.

What IndusInd General Bundled Private Car Policy Does Not Cover (Exclusions)

Conditions or treatments that the policy clearly says it will not cover.

Own-damage losses occurring outside the own-damage policy period are not covered by the expired own-damage component.
Normal wear and tear, ageing and mechanical or electrical breakdown are generally excluded unless specifically covered.
Depreciation, deductibles and other policy conditions may reduce an own-damage claim payout.
Claims arising from excluded use or other breaches may be declined subject to policy terms and applicable law.

Disclaimer: For illustration purposes only - exact terms are in the policy wording.

IndusInd General Bundled Private Car Policy FAQs

What is IndusInd General Bundled Private Car Insurance?

It combines one year of own-damage cover with three years of third-party liability cover, subject to eligibility and the policy schedule.

Does own-damage cover last for three years?

No. The bundled policy described by the insurer provides one year of own-damage cover and three years of third-party liability cover.

What happens after the first year?

The own-damage component expires after its policy term. Arrange suitable own-damage renewal or replacement cover if you want continued protection for your car.