Excelsior Correspondent
JAMMU, Aug 20: Tata Motors has launched a new premium ‘Triple Benefit Insurance’ across its range of M&HCV, ICV & LCV Trucks and Tippers, yet another first from Tata Motors in the Indian commercial vehicle space.
Designed specifically to minimize the financial impact to Tata Motors CV customers, the new premium ‘Triple Benefit Insurance’ maximizes peace of mind, to the extent of full protection from loss of time and income, caused due to accidents.
In partnership with Iffco-Tokio General Insurance Company, the new premium ‘Triple Benefit Insurance’ is available under the “Standard Motor Insurance” policy with 3 specifically designed add-on covers – Depreciation waiver / Zero Depreciation Coverage, New Vehicle Replacement Coverage and Loss of Income/ Vehicle Hire Cost.
Ravi Pisharody, Executive Director, Commercial Vehicles, Tata Motors, said, “We remain committed to listening to our customers, understanding their needs and fulfilling these with new products and services that provide greater value. While we do so, our new offerings are being backed by technology – enabled dealerships, providing all-encompassing sales, service and spares.”
There are three specifically designed add-on covers under the “Standard Motor Insurance” policy.
Under the Depreciation Waiver / Zero Depreciation coverage, the Insurance Company will not deduct any depreciation amount from the claim while under the New Vehicle Replacement Coverage, at the time of purchase of a new replacement vehicle of a similar make and model, the customer would be paid the current ex-showroom price of the replacement vehicle. In addition, the customer would also be paid the current cost of insurance and registration, subject to adjustment of refunds.
Under the Loss of Income / Vehicle hire cost cover, reimbursement would be provided to the customer.
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