Motor Insurance Bundling - Sandbox

Motor Insurance Bundling


If you could buy a car insurance policy based on the distance you travel rather than for a specific time, would you opt for it? Liberty General Insurance now offers - Pay for the Distance, which is bundled with a host of other innovative features, under its existing Private Car Package Policy. This usage-based car insurance ensures that you pay a lower premium if you don't use your vehicle all that much.

Liberty General Insurance has always been at the forefront of innovation - constantly launching new products and features that makes life easier for car owners. 'Pay for the Distance insurance is an idea whose time has come, and we are happy that we are one of those selected to pilot the feature. Pay for the Distance, along with the host of other features that are launching, will certainly find a lot of takers and make car insurance cheaper for those who don't use their vehicles as much as others.

Key Benefits of Motor Insurance Bundling

Usage-based car insurance
The cost of your insurance is based on a usage-based car insurance policy. So, if you don't use your car much during a year, you can pay a lower premium.

Voluntary deductibles
The new bundle of features includes additional voluntary deductibles in return for discounts on the own damage portion of the premium

No-fault protection
This feature will enable policyholders to get No Claim Bonus at the time of policy renewal, even if there is any loss or damage -- either to the parked insured vehicle's windshield glass by an external object, or if the loss is due to flood, earthquake or an Act of God to the parked insured vehicle. Damage to only windshield glass to the parked insured vehicle and loss due to flood/ earthquake/ Act of god to the parked insured vehicle.

Roadside assistance cover
The insurance package offers roadside assistant as an inbuilt feature

Features of Motor Insurance Bundling
Pay for Distance
While making the purchase, you can choose the maximum kilometer coverage you want to opt for. If you don't take your vehicle out much, you can opt for a lower coverage. Of course, you have the option of topping up your coverage by buying an additional number of kilometers if you feel you will exceed your existing coverage.

Third-Party insurance cover, which is compulsory, will be valid throughout the policy period irrespective of the kilometers declared by the customer.

Voluntary Deductibles
Policyholders can avail of additional voluntary deductibles in return for discounts on the Own Damage portion of the premium.

Roadside Assistance Cover
Roadside Assistance Cover will be available to the insured as an inbuilt feature. Services under this cover include:

a) Vehicle relocation to the nearest garage in case of a major breakdown
b) Repair services for minor breakdowns
c) Assistance in case of lockout/ lost keys
d) Changing of flat tyre
e) Arrangement of emergency fuel in case the vehicle runs out of fuel
f) Alternative transport assistance to the nearest safe location for the passengers of the vehicle
You can use these services for a maximum two times during the policy period.

Inbuilt Roadside Assistance Cover will not include additional expenses regarding replacement of a part, additional fuel and any other service which does not form part of the standard services mentioned above

Road Assistance Services will be offered within a radius of 50 km from the place of breakdown to nearest available vendor/repairer

No-fault Protection
Under the No-fault Protection feature, you are allowed the No Claim Bonus at the time of renewal of the policy despite claiming loss or damage under the following conditions:

a) Damage to only the windshield glass of the parked insured vehicle by an external object
b) Loss due to flood/earthquake/Act of God to the parked insured vehicle
Who can purchase the new policy?
This bundle of features will be offered only to customers purchasing the policy directly from the company through the online channel.