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Car Insurance
2 Wheeler Insurance
Travel Insurance
Home Insurance
Commercial Vehicle
Group Insurance
Casualty Insurance
Rural Insurance
Speciality Insurance
Other Insurance
Risk Consulting Services
#1.5 Crore+ Happy Customers
Your vehicle is the backbone of your business, secure it now
Ensure smooth functioning of your business with our commercial vehicle cover
Secure your commercial vehicle with HDFC ERGO!
Renew existing HDFC ERGO policy
Passenger Carrying Vehicle Insurance
Your robust machine commutes hundreds of passengers everyday. Secure it with HDFC ERGO and never let this journey halt.
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Goods Carrying Vehicle Insurance
When transporting hoard of goods across the country, any financial loss can interrupt the journey. For a smooth business, get the vehicle secured with HDFC ERGO.
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Mis-D (Tractor Insurance)
The real heavyweights of commercial vehicles require extra care to stay committed to the roads. Do you provide that? We, at HDFC ERGO, do.
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Why HDFC ERGO?
Secured Over 1 Crore+ Smiles!
Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.
Why HDFC ERGO?
All the support you need 24x7
We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.
Why HDFC ERGO?
Catering customer needs
Since, last 16 years, we have been catering to endless customer requirements endlessly. By providing wide range of plans for every portfolio.
Why HDFC ERGO?
Transparency at its best
HDFC ERGO General Insurance claims are settled with utmost transparency and ease.
Why HDFC ERGO?
Awards
We have received the ICAI Award of the Year and excellence in financial reporting for the year FY: 18-19.
Why HDFC ERGO?
Secured Over 1 Crore+ Smiles
Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.
All the support you need-24x7
We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.
Catering customer needs
Since, last 16 years, we have been catering to endless customer requirements endlessly. By providing wide range of plans for every portfolio.
Transparency at its best
HDFC ERGO General Insurance claims are settled with utmost transparency and ease.
Awards
We have received the ICAI Award of the Year and excellence in financial reporting for the year FY:18-19.
Commercial Insurance Comparision
| Third Party | Comprehensive | |
|---|---|---|
| Damage to a third-party vehicle | ||
| Own Damage | ||
| Theft | ||
| Damage due to fire | ||
| Damage due to natural causes | ||
| Personal Accident cover | Optional | Optional |
Frequently asked questions
1. What is comprehensive insurance policy?
Comprehensive insurance policy provides protection to your vehicle due to any impact damage, fire, theft, earthquake etc. In addition to this, it provides cover against any third party liability in terms of death, bodily injury and third party property damage.
2. Should I buy a comprehensive or third party insurance cover?
As per Law, only third patry of liability only policy is required without which one cannot use the vehicle on road. However, under third party of liability only policy, any damage to your vehicle due to fire, theft, earthquake, terrorism etc is not covered and it could result into a huge financial loss. Therefore, it is recommended to buy a comprehensive cover as it provides financial protection along with protection from third party liability.
3. What are the various types insurance polices?
There are two type of insurance policies - comprehensive and liability only policy.
4. Is an insurance policy mandatory?
Yes, the Motor Vehicle Act states that every motor vehicle plying on the road has to be insured, with a Liability Only policy at the very least.
5.What is No Claim Bonus?
Quite simply, it's a discount in the Own Damage Premium payable when renewing your policy after a claim-free year. It is an incentive for driving carefully and avoiding accidents.
| All types of Vehicles | % of Discount on Own Damage premium |
|---|---|
| No claim made or pending during the preceding full year of insurance | 20% |
| No claim made or pending during the preceding 2 consecutive years of insurance | 25% |
| No claim made or pending during the preceding 3 consecutive years of insurance | 35% |
| No claim made or pending during the preceding 4 consecutive years of insurance | 45% |
| No claim made or pending during the preceding 5 consecutive years of insurance | 50% |
6.What happens to my No claim bonus while renewing an expired policy?
No Claim Bonus is valid upto 90 days from the previous policy expiry date. If the policy is not renewed within 90 days, No Claim Bonus will become 0% and no benefit shall be passed on to the renewed policy.
7.What is IDV? Factors deciding IDV?
The Insured’s Declared Value (IDV) of the vehicle will be deemed to be the ‘SUM INSURED’ and it will be fixed at the commencement of each policy period for each insured vehicle.
The IDV of the vehicle is to be fixed on the basis of the manufacturer’s listed selling price of the brand and the model of the vehicle proposed for insurance at the commencement of insurance /renewal and adjusted for depreciation (as per schedule specified below). The IDV of the side car(s) and / or accessories, if any, fitted to the vehicle but not included in the manufacturer’s listed selling price of the vehicle is also likewise to be fixed.
| AGE OF THE VEHICLE | % OF DEPRECIATION FOR FIXING IDV |
|---|---|
| Not exceeding 6 months | 5% |
| Exceeding 6 months but not exceeding 1 year | 15% |
| Exceeding 1 year but not exceeding 2 years | 20% |
| Exceeding 2 years but not exceeding 3 years | 30% |
| Exceeding 3 years but not exceeding 4 years | 40% |
| Exceeding 4 years but not exceeding 5 years | 50% |
8.What are the benefits of buying an insurance online?
No paperwork and physical documentation is required and you will get instant policy.
9.What will happen when you sell your commercial vehicle?
Existing insurance policy can be transferred in the name of buyer by passing an endorsem*nt. Supporting documents like sale deed/form 29/30/NOC of seller/NCB recovery shall be required to pass an endorsem*nt under the existing policy. or You may cancel the existing policy. Supporting documents like sale deed/form 29/30 shall be required to cancel the policy.
10.How can I transfer my no claim bonus to a new vehicle?
Existing vehicle has to be sold off basis which NCB reserving letter would be issued by existing insurer. Basis NCB reserving letter this benefit can be transferred to the new vehicle to avail the continuity benefits.
11.What is the procedure to transfer my insurance?
You need to approach the insurer with supporting documents for transfer of insurance. Supporting documents would include sale deed/form 29/30/NOC of seller.
12.How can I register a claim if I have a HDFC ERGO Insurance?
You may register a claim either on HDFC ERGO’s website or via call centre.
Awards & Recognition
