HDFC ERGO Vehicle Insurance Review

Overview

HDFC ERGO General Insurance Company was launched in 2002 and is one of the leading companies in India. It provides a wide range of general insurance products such as motor, health, travel, home and personal accident insurance. HDFC ERGO’s motor insurance policies are designed to protect vehicles against any damages or liabilities that may arise due to unforeseen events. The company offers various types of motor insurance policies such as third party liability, comprehensive, and add-on covers. In this article, we will provide a comprehensive review of HDFC ERGO vehicle insurance.

Details of HDFC ERGO Vehicle Insurance

HDFC ERGO’s motor insurance plans offer a variety of features and benefits. The company provides a wide range of add-on covers to enhance the coverage of your policy. These add-on covers include zero depreciation cover, roadside assistance, engine protector, return to invoice, and personal accident cover. The company also offers a 24x7 customer support service which can be availed anytime.

HDFC ERGO offers a cashless facility at network garages across India. This means that you can get repairs done at any of the network garages without having to pay any money out of your pocket. The company also provides an online portal where customers can manage their policy and make claims online.

Types of HDFC ERGO Vehicle Insurance

HDFC ERGO offers two types of vehicle insurance policies- third party liability and comprehensive. The third party liability policy offers basic coverage and is mandatory as per the Motor Vehicle Act. It covers any damages or losses to third parties caused by your vehicle. This policy does not provide any coverage for your vehicle. The comprehensive policy provides coverage for both third party liabilities as well as damages or losses to your vehicle.

The company also offers a number of add-on covers to enhance the coverage of your policy. These include zero depreciation cover, roadside assistance, engine protector, return to invoice, and personal accident cover.

Premiums and Claim Settlement Ratio

HDFC ERGO offers competitive premiums for its motor insurance policies. The premium amount depends on factors such as the type of vehicle, the age of the vehicle, the engine capacity, the city of registration, and the add-on covers selected. The company also offers discounts on the premium amount if the policy is renewed within the stipulated time.

HDFC ERGO’s claim settlement ratio is around 91.4%. This means the company settles around 91.4% of the claims it receives. This is a good indicator that the company is reliable and will pay out claims in a timely manner.

Conclusion

HDFC ERGO is a reliable insurer and offers comprehensive motor insurance policies. The company provides a wide range of add-on covers to enhance the coverage of your policy. The premiums are competitive and the company offers discounts on renewal. The company also has a good claim settlement ratio which is a good indicator of its reliability.