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Standalone Car Insurance v/s Third-Party Car Insurance v/s Comprehensive Car Insurance.
| Features | Own Damage Insurance | Third-Party Insurance | Comprehensive Insurance |
|---|---|---|---|
| Cover your own car | Covers damages to your car only | Not covered | Covers damages to both your car and third-party liabilities |
| Third-party liability coverage | Not covered | Covers third-party property damage and injuries | Covers both third-party liabilities and own car damage |
| Coverage for theft | Yes, car theft is covered | Not covered | Yes, car theft is covered |
| Coverage for natural disasters | Yes, covers natural disasters like floods | Not covered | Yes, covers natural disasters |
| Coverage for man-made events | Yes, covers vandalism and riots | Not covered | Yes, covers man-made events |
| Personal accident cover | Optional (through add-ons) | Not included | Available as an add-on |
| Premium cost | Moderate | Lower, as it only covers third-party liabilities | Higher due to broader coverage |
| Add-on covers available | Available (e.g., zero depreciation) | Not available | Available (e.g., engine protection, zero depreciation) |
| Legal requirement | Not required | Mandatory by law | Optional but highly recommended |
| Best for | Those wanting protection for their own car | Those seeking basic, mandatory protection | Those seeking full coverage for car, third-party, and theft |
Motor Insurance Plans By Zurich Kotak
FUTURE
NCB : 50%IDV: ₹167226
HDFC
NCB : 50%IDV: ₹131369
ICICI
NCB : 50%IDV: ₹234117
BAJAJ
NCB : 50%IDV: ₹138149
What Is Covered Under the Kotak Standalone Own-Damage Policy?
What it Covers
This policy covers damage to your own car in the following cases:
Road accidents
Fire or explosions
Theft or total loss of the car
Natural or man-made disasters (like earthquakes, floods, etc.)
What Does it not Covers
This policy does not cover:
Accidents that happen outside India
Loss in the car’s value over time (depreciation)
Electrical or mechanical breakdown
Any damage caused while driving illegally (without a licence, drunk driving, etc.)
Benefits of Zurich Kotak Standalone Own-Damage Policy
Here are the main benefits of this policy:- You can buy extra add-on covers to make your car insurance stronger.
- It protects your car in many different situations and helps you stay financially safe during tough times.
- You get a No Claim Bonus (NCB) every year you do not make a claim. This bonus keeps increasing each year and can go up to 50% by the fifth year.