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This add on cover makes sure you get rid of the depreciation factor at the time of claims by opting to go for a little extra premium. In short, it offers you with the below benefits:
Benefit to Customer:
Coverage and Applicability:
All additional covers come at a price and one needs to examine the details of coverage provided, as there are conditions imposed and which need to be fulfilled, to avail these add-on benefits.
Click on Renew online or Calculate premium & buy online and follow the below step to add Nil Depreciation Cover to your policy and get a benefit of complete claim.
This is to notify that as per IRDA Communication, Third Party Premium rates are proposed to increase for all Motor policies starting from 1 April 2013.
This change shall apply to all General Insurance Companies in India
If any Motor policy for 1 April and later is renewed before such rates are announced by the Regulator, our customers are requested to pay the difference premium to the nearest office directly or through their licensed Agents.
Once rates are announced Customers are requested to pay premium as per new rates irrespective of the premium received in Renewal Notices.
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For all Motor Package policies starting from Feb 1, 2013, depreciation on Painting becomes applicable as per IRDA order no, IRDA/ NL/ ORD/ MISC/ 006/ 01/ 2013 dated 8th January, 2013.