All About Bharti AXA Car Insurance Add-on Covers

Bharti AXA General Insurance provides a variety of car insurance add-on policies to its customers, which are available with both comprehensive and independent own-damage car insurance plans. Car insurance add-ons are optional coverages that allow you to expand the scope of your policy's regular coverage.

All About Bharti AXA Car Insurance Add-on Covers

Bharti AXA Car Insurance offers the following add-on coverages:

• Depreciation Cover 

This optional coverage protects you from the depreciation costs of your vehicle. This add-on covers 100% of the depreciation that applies to your car and all of its metal and plastic parts, with the exception of tires, tubes, and batteries, which are covered at 50%. During the policy period, this plan allows for a maximum of two claims. Depreciation coverage is provided for cars that are less than 5 years old.

• Invoice Price Cover 

In the case of a total loss, Constructive Total Loss (CTL), or Total Theft of your car, you will be compensated based on the car's Invoice Price rather than the Insured Declared Value (IDV). This add-on helps you bridge the gap between the IDV and the invoice price by covering the costs of road tax and first-time registration that you incurred when you purchased your vehicle. This add-on cover is only available for cars that are less than two years old.

• No-Claim Bonus Protection Cover

The No Claim Bonus is a discount given by the insurer if you do not file a claim throughout the whole term of your car insurance policy. Depending on the number of claim-free years, this reduction varies from 20% to 50% off your own-damage premium. This NCB, however, is forfeited if you make even a single claim. The No Claim Bonus Protection Cover comes in handy in this situation. 

• Hydrostatic Lock Cover

This add-on covers losses resulting from the repair or replacement of engine parts on the insured car as a result of Hydrostatic Lock and water penetration. This coverage is available for cars up to 5 years old and only applies to repairs performed by the insurer's partner garages.

• Engine and Gearbox Protection Cover

This add-on allows you to expand your car's insurance coverage to the interior parts of the engine and gearbox against damage caused by water infiltration or lubricating oil leaks.

• Key Replacement Cover

The insurer will compensate you for the cost of replacing your car key if it is lost, misplaced, or stolen if you purchase this add-on coverage. This add-on allows for a maximum of two claims.

• Ambulance  Charges Cover

If you choose this option, the insurer will reimburse you for ambulance fees to the hospital in the event of physical harm caused by an accident, external, violent, or visible methods while riding in your car.

Take Away

Bharti AXA has a client base of almost 3.5 million people, operates over 2,500 cashless garages, and offers its customers 24/7 claim help. If you have a Bharti AXA car insurance policy, you can customize it to increase the level of safety and coverage. Those who want to buy or get a car insurance policy from Bharti AXA can pick from the above-mentioned add-on policies.

You may also like to read: 

Personal Accident Car Insurance Coverage: A Handy Guide

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Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.