Own Damage (OD) Cover

Own Damage cover, as the name suggests, pays for damages of the insured’s own vehicle. This cover provides financial protection against damages or losses to your car from various causes, including:

• Fire, explosion, self-ignition, or lightning
• Burglary, housebreaking, or theft
• Riot and strike
• Earthquake (fire and shock damage)
• Natural disasters like flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, and frost
• Accidental external means
• Malicious acts
• Terrorist activities
• While in transit by road, rail, inland waterway, lift, elevator, or air
• Landslide or rockslide

Third Party Liability Cover

This part of the motor insurance coverage is compulsory by law. This cover protects you against legal liabilities arising from accidents involving your vehicle that result in injury or damage to third-party persons or property. It provides compensation for:

• Death or bodily injury to a third party
• Damage to third-party property

The Own Damage cover together with Third Party Liability cover are jointly often referred to as ‘Comprehensive’ motor insurance.

Personal Accident Cover (PAC)

Personal Accident Cover compensates the insured’s for bodily injury/death sustained by the owner-driver of the vehicle, in direct connection with the vehicle insured or whilst driving or mounting into/dismounting from the vehicle insured or whilst travelling in it as a co-driver, caused by violent, accidental, external and visible means which are independent of any other cause.

PAC provides financial support in case the insured person either meets a fatal accident or is rendered disabled due to a road mishap. The premium for this type of cover is set by the IRDAI and all drivers on Indian roads must have a minimum cover of ₹15 lakh.

This cover is compulsory unless the insured is separately insured for Personal Accident.