{"uin":"IRDAN149RPMT0007V01202425","name":"Private Car Package","url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425","insurer":{"slug":"magma-general-insurance","name":"Magma General Insurance Limited","url":"https://indiainsurances.com/insurer/magma-general-insurance"},"line":"general","category":"motor-car","category_name":"Car insurance","irdai_type":"Main product","kind":"product","status":"active","approved_on":"2018-05-04","withdrawn_on":null,"summary":"Private Car Package Policy - 3 Year is a motor package policy for a private car with own-damage, third-party liability and owner-driver personal accident sections. Own-damage sum insured is the IDV, owner-driver personal accident cover is Rs.15 lakhs, and add-ons include nil depreciation, engine protect, return to invoice, roadside assistance and consumables.","analysis":{"state":"machine","analysed_at":"2026-10-20 02:38:39.110285+00","note":"First pass: one AI reading; every stated fact carries a verbatim quote found in the cited clause, but it has not been reviewed. Check the clause before relying on it."},"facts":[{"key":"plan_variants","label":"Plans and variants","section":"Overview","meaning":"The named plans inside this product (not cover types or payout options). Facts can differ between them.","status":"not-stated","value":null,"display":null,"note":"No named plan variants are stated; the documents describe the Private Car Package Policy - 3 Year and optional features/add-ons.","quote":null,"sources":[],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"quote-verified","value":"3 Year","display":"3 Year","note":null,"quote":"PRIVATE CAR PACKAGE POLICY – 3 YEAR","sources":[{"clause":null,"heading":null,"page":1,"url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12510#c-s1"}],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"quote-verified","value":"Notice must be given in writing to the Company immediately upon any accidental loss or damage, and claim/legal papers must be forwarded immediately. For theft or criminal act, immediate notice must also be given to the police.","display":"Immediate written notice to the Company; immediate police notice for theft or criminal act","note":null,"quote":"Notice shall be given in writing to the Company immediately upon the occurrence of any accidental loss or damage in the event of any claim and thereafter the insured shall give all such information and assistance as the Company shall require. Every letter claim writ summons and/or process or copy thereof shall be forwarded to the Company immediately on receipt by the Insured. ... In case of theft or criminal act which may be the subject of a claim under this Policy the Insured shall give immediate notice to the police and co-operate with the Company in securing the conviction of the offender.","sources":[{"clause":"6","heading":null,"page":5,"url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12510#c-6"}],"law":[{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 20, 21","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_documents","label":"Claim documents","section":"Claims","meaning":"Documents the insurer asks for when you claim.","status":"quote-verified","value":["Duly signed claim form","Registration Certificate* of the vehicle","Driving license* of the driver at the time of accident","Police panchanama / FIR, if accident reported to the police","Original estimate of repairs","KYC documents","Fitness certificate of the vehicle (for commercial vehicles)","Road permit of the vehicle (for commercial vehicles)","Goods receipt/ Lorry Receipt of the vehicle (for commercial vehicles)","FIR in case of Riots, Strike & Malicious acts. It is mandatory","Original repair invoice with payment receipt after repairs have been completed","FIR Copy","RTO transfer papers* (Form 28 , 29 and 30)","Form 35/NOC signed by financier, if applicable","Letter of subrogation","NOC from financier, if hypothecation exists","Copy of intimation letter to RTO on the vehicle theft","Original policy document","Non traceable certificate","Original vehicle registration certificate","All original keys of the vehicle/service book/original purchase invoice"],"display":"Accident and theft claim documents include claim form, RC, driving licence, FIR/panchanama, estimates, KYC, invoices, RTO transfer papers, financier NOC, non-traceable certificate and original keys","note":"Original documents marked with * must be shown when requested by the company; the CIS also says more documents may be sought if they assist the claim process.","quote":"INDICATIVE LIST OF DOCUMENTS REQUIRED FOR CLAIM SETTLEMENT Accident Claims • Duly signed claim form • Registration Certificate* of the vehicle • Driving license* of the driver at the time of accident • Police panchanama / FIR, if accident reported to the police • Original estimate of repairs • KYC documents • Fitness certificate of the vehicle (for commercial vehicles) • Road permit of the vehicle (for commercial vehicles) • Goods receipt/ Lorry Receipt of the vehicle (for commercial vehicles) • FIR in case of Riots, Strike & Malicious acts. It is mandatory • Original repair invoice with payment receipt after repairs have been completed Theft of Entire Vehicle Claims • Duly signed Claim Form • FIR Copy • RTO transfer papers* (Form 28 , 29 and 30) and • Form 35/NOC signed by financier, if applicable • Letter of subrogation • KYC documents • NOC from financier, if hypothecation exists • Copy of intimation letter to RTO on the vehicle theft • Original policy document • Non traceable certificate • Original vehicle registration certificate • All original keys of the vehicle/service book/original purchase invoice","sources":[{"clause":"Row 6(c)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12581#c-row-6-c"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 17","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 23","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_settlement_time","label":"Claim settlement time promised","section":"Claims","meaning":"How quickly the policy says a claim is decided or paid, and from when that is counted (intimation or last document).","status":"quote-verified","value":"The company will decide the claim within seven days of receipt of the survey report or after expiry of fifteen days from allocation of the claim to the surveyor, whichever is earlier.","display":"Within seven days of survey report, or after fifteen days from surveyor allocation, whichever is earlier","note":null,"quote":"The company will decide on the claim within seven days of receipt of the survey report or after expiry of fifteen days from allocation of the claim to the surveyor whichever is earlier in accordance with relevant regulatory provisions as amended from time to time.","sources":[{"clause":"6(c)","heading":null,"page":16,"url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12510#c-6-c-3"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 64UM(4) to (6)","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 10","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 15","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 16","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(i), V.3(ii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 23","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"exclusions_main","label":"Main exclusions","section":"Exclusions","meaning":"What the policy does not pay for, in the policy's own words.","status":"quote-verified","value":["consequential loss, depreciation, wear and tear, mechanical or electrical breakdown, failures or breakages","damage to Tyres and Tubes unless the vehicle is damaged at the same time","under the influence of intoxicating liquor or drugs","outside the geographical area","contractual liability","being used otherwise than in accordance with the ‘Limitations as to Use’","being driven by or is for the purpose of being driven by him/her in the charge of any person other than a Driver as stated in the Driver’s Clause","ionising radiations or contamination by radioactivity","nuclear weapons material","war, invasion, the act of foreign enemies, hostilities or warlike operations"],"display":"Main exclusions include wear and tear, depreciation, breakdown, tyres/tubes unless the vehicle is also damaged, intoxication, outside geographical area, contractual liability, non-permitted use or driver, nuclear risks and war risks","note":null,"quote":"a) consequential loss, depreciation, wear and tear, mechanical or electrical breakdown, failures or breakages.\nb) damage to Tyres and Tubes unless the vehicle is damaged at the same time in which case the liability of the Company shall be limited to 50% of the cost of replacement. and\nc) any accidental loss or damage suffered whilst the Insured or any person driving the vehicle with the knowledge and consent of the Insured is under the influence of intoxicating liquor or drugs. ... any accidental loss or damage and/or liability caused sustained or incurred outside the geographical area;\n2. any claim arising out of any contractual liability;\n3. any accidental loss damage and/or liability caused sustained or incurred whilst the vehicle insured herein is\na) being used otherwise than in accordance with the ‘Limitations as to Use’ or\nb) being driven by or is for the purpose of being driven by him/her in the charge of any person other than a Driver as stated in the Driver’s Clause. ... ionising radiations or contamination by radioactivity ... nuclear weapons material ... war, invasion, the act of foreign enemies, hostilities or warlike operations","sources":[{"clause":"2","heading":"The Company shall not be liable to make any payment in respect of","page":2,"url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12510#c-2"},{"clause":"Section III","heading":"PERSONAL ACCIDENT COVER FOR OWNER-DRIVER","page":4,"url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12510#c-section-iii"},{"clause":"4","heading":null,"page":5,"url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12510#c-4-3"},{"clause":"5","heading":null,"page":5,"url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12510#c-5-2"},{"clause":"6","heading":null,"page":5,"url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12510#c-6"}],"law":[{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 11","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 16","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grievance","label":"Grievance route","section":"Claims","meaning":"Who to complain to first, as stated in the policy, before going to the Insurance Ombudsman.","status":"quote-verified","value":"First contact the Company through its website, toll free number, email, Branch Grievance Redressal Officer, branch grievance cell or courier to branch/corporate office. If not satisfied, contact the Grievance Officer at Magma General Insurance Ltd., Equinox Business Park, Tower 3, Ambedkar Nagar, 2nd Floor, Unit No. 1B and 2B, LBS Marg, Kurla (West), Mumbai – 400070, Maharashtra, India, Email gro@ magmainsurance.com.","display":"Step 1: Company channels/Branch GRO; Step 2: Grievance Officer at gro@ magmainsurance.com","note":null,"quote":"Step 1:\nIn case of any grievance, the Insured Person may contact the Company through any of the following channels:\nWebsite: www.magmainsurance.com Toll Free Number: 1800 266 3202 Email: customercare@magmainsurance.com The customer may also reach out to the Branch Grievance Redressal Officer (GRO) Email address: customercare@ magmainsurance.com Courier: Any of our branch offices or corporate office during business hours Insured Person may also approach the grievance cell at any of the company’s branches with the details of grievance.\nStep 2:\nIf the Insured Person is not satisfied with the grievance redressal through the above channels, they may contact the Grievance Officer at: Magma General Insurance Ltd. Equinox Business Park, Tower 3, Ambedkar Nagar, 2nd Floor, Unit No. 1B and 2B, LBS Marg, Kurla (West), Mumbai – 400070, Maharashtra, India. Email: gro@ magmainsurance.com","sources":[{"clause":"6(c)","heading":null,"page":16,"url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12510#c-6-c-3"}],"law":[{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 3","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 4","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 5","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(11)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(42)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 34","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 69","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Insurance Act, 1938","section":"Section 38","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 12","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 19","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 20","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 13","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(5), 5(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(9)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 25","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 26","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 11","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"Review of revision in premium rates under health insurance policies for senior citizens, 2025","section":"Para 3","url":"https://indiainsurances.com/law/irdai-senior-premium-2025"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 13","url":"https://indiainsurances.com/law/ombudsman-rules-2017"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 14","url":"https://indiainsurances.com/law/ombudsman-rules-2017"}]},{"key":"perils","label":"What is covered","section":"Cover","meaning":"The events or risks covered.","status":"quote-verified","value":["fire explosion self ignition or lightning","burglary housebreaking or theft","riot and strike","earthquake (fire and shock damage)","flood typhoon hurricane storm tempest inundation cyclone hailstorm frost","accidental external means","malicious act","terrorist activity","whilst in transit by road rail inland-waterway lift elevator or air","landslide rockslide"],"display":"Own-damage perils include fire, theft, riot/strike, earthquake, flood/storm/cyclone, accident, malicious act, terrorism, transit and landslide/rockslide","note":null,"quote":"i) by fire explosion self ignition or lightning;\nii) by burglary housebreaking or theft;\niii) by riot and strike;\niv) by earthquake (fire and shock damage);\nv) by flood typhoon hurricane storm tempest inundation cyclone hailstorm frost;\nvi) by accidental external means;\nvii) by malicious act;\nviii) by terrorist activity;\nix) whilst in transit by road rail inland-waterway lift elevator or air;\nx) by landslide rockslide.","sources":[{"clause":"1","heading":null,"page":2,"url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12510#c-1"}],"law":[]},{"key":"cancellation_refund","label":"Cancellation by you","section":"Renewal and rights","meaning":"What you get back if you cancel during the year.","status":"quote-verified","value":"You can cancel the policy at any time during the policy period by informing the insurer, and the insurer will refund proportionate premium for the unexpired policy period. Cancellation is allowed only after ensuring the vehicle is insured elsewhere at least for Liability Only cover for the required tenure.","display":"Proportionate premium refund for unexpired policy period","note":"The CIS additionally says cancellation by you is by giving a 7 days’ notice in advance.","quote":"The insured can cancel the policy at any time during the policy period by informing the insurer, in this case, the insurer shall refund proportionate premium for unexpired policy period.\n• A policy can be cancelled only after ensuring that the vehicle is insured elsewhere, at least for Liability Only cover as the tenure specified by the prevailing regulation.","sources":[{"clause":"6(b)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12510#c-6-b"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 64VB","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 8","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 6","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 17","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(3) to 20(5)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, IV.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, IV.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"territory","label":"Where it covers","section":"Overview","meaning":"Geographic area of cover: India only, worldwide, or listed countries. 'As stated in the schedule' is not an answer.","status":"not-stated","value":null,"display":null,"note":"The wording excludes loss outside the geographical area and has an optional geographical-extension endorsement, but the base geographical area itself is not stated in the provided clauses.","quote":null,"sources":[],"law":[]},{"key":"cover_types","label":"Cover types","section":"Cover","meaning":"Comprehensive, standalone own damage, third-party only.","status":"quote-verified","value":["Private Car Package Policy - 3 Year"],"display":"Private Car Package Policy - 3 Year","note":"The policy is a package policy with own-damage, third-party liability and owner-driver personal accident sections.","quote":"Private Car Package Policy - 3 Year | Product UIN: IRDAN149RPMT0007V01202425 ... As per coverages opted refer to following sections in the policy wording for complete details Section I – Loss of or damage to vehicle insured Section II – Liability to third parties Section III - Personal accident cover for owner driver.","sources":[{"clause":null,"heading":null,"page":1,"url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12510#c-s1"},{"clause":"Row 6","heading":"Policy Coverage","page":1,"url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12581#c-row-6"}],"law":[]},{"key":"third_party","label":"Third-party liability","section":"Cover","meaning":"Compulsory cover for injury, death or property damage to others. Unlimited for death and injury.","status":"quote-verified","value":"The policy indemnifies the insured, subject to the limits in the schedule, for legal liability arising out of use of the vehicle for death or bodily injury to any person including occupants not carried for hire or reward, and for damage to third-party property.","display":"Covers legal liability for death/bodily injury and damage to property of others, subject to schedule limits","note":"The wording refers to limits in the Schedule; it does not state an unlimited death/bodily-injury limit in the extracted clauses.","quote":"Subject to the limits of liability as laid down in the Schedule hereto the Company will indemnify the Insured in the event of an accident caused by or arising out of the use of the vehicle against all sums which the Insured shall become legally liable to pay in respect of :- ... i) death of or bodily injury to any person including occupants carried in the vehicle (provided such occupants are not carried for hire or reward) ... ii) damage to property other than property belonging to the Insured or held in trust or in the custody or control of the Insured.","sources":[{"clause":"1","heading":null,"page":3,"url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12510#c-1-2"},{"clause":"1(i)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12510#c-1-i"},{"clause":"1(ii)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12510#c-1-ii"}],"law":[{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 8","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch V, I, Paras 1 to 4","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch V, I, Para 7","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, IV.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 146","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 147","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 150","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 157","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 164","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 161","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 166(3)","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 162","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"idv","label":"Insured declared value (IDV)","section":"Cover","meaning":"The vehicle's insured value: maximum paid for theft or total loss.","status":"quote-verified","value":"The Insured’s Declared Value of the vehicle is the Sum Insured, fixed at commencement of each policy period based on the manufacturer’s listed selling price adjusted for depreciation. IDV is treated as the Market Value for Total Loss or Constructive Total Loss claims, and CTL applies if retrieval/repair cost exceeds 75% of IDV.","display":"IDV is the Sum Insured; market value for TL/CTL; CTL if cost exceeds 75% of IDV","note":null,"quote":"The Insured’s Declared Value (IDV) of the vehicle will be deemed to be the ‘SUM INSURED’ for the purpose of this Policy which is fixed at the commencement of each Policy period for the insured vehicle. The IDV of the vehicle (and accessories if any fitted to the vehicle) is to be fixed on the basis of the manufacturer’s listed selling price and its movement in the subsequent years of the brand and model as the vehicle insured at the commencement of insurance/renewal and adjusted for depreciation ... IDV shall be treated as the ‘Market Value’ throughout the policy period without any further depreciation for the purpose of Total Loss (TL) / Constructive Total Loss (CTL) claims. The insured vehicle shall be treated as a CTL if the aggregate cost of retrieval and / or repair of the vehicle, subject to terms and conditions of the Policy, exceeds 75% of the IDV of the vehicle.","sources":[{"clause":"4(c)","heading":null,"page":3,"url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12510#c-4-c"}],"law":[]},{"key":"depreciation","label":"Depreciation on parts","section":"Limits and co-pay","meaning":"How much of the cost of replaced parts you bear because of age (unless you have zero depreciation).","status":"quote-verified","value":"For replaced parts, depreciation is 50% for rubber/nylon/plastic parts, tyres and tubes, batteries and air bags; 30% for fibre glass components; nil for glass; and other parts follow age-based rates from nil up to 6 months to 50% after 10 years. Painting material cost has 50% depreciation, with material treated as 25% of consolidated painting charges if not separately billed.","display":"Parts depreciation: 50% rubber/nylon/plastic/tyres/tubes/batteries/air bags; 30% fibre glass; nil glass; other parts 0% to 50% by age","note":null,"quote":"Subject to a deduction for depreciation at the rates mentioned below in respect of parts replaced: (1) For all rubber/ nylon / plastic parts, tyres and tubes, batteries and air bags - 50% (2) For fibre glass components – 30% (3) For all parts made of glass - Nil (4) Rate of depreciation for all other parts including wooden parts will be as per the following schedule.\nAGE OF VEHICLE | % OF DEPRECIATION\nNot exceeding 6 months | NIL\nExceeding 6 months but not exceeding 1 year | 5%\nExceeding 1 year but not exceeding 2 years | 10%\nExceeding 2 years but not exceeding 3 years | 15%\nExceeding 3 years but not exceeding 4 years | 25%\nExceeding 4 years but not exceeding 5 years | 35%\nExceeding 5 years but not exceeding 10 years | 40%\nExceeding 10 years | 50%\n(5) Rate of Depreciation for painting: In the case of painting, the depreciation rate of 50% shall be applied only on the material cost of total painting charges. In case of a consolidated bill for painting charges, the material component shall be considered as 25% of total painting charges for the purpose of applying the depreciation.","sources":[{"clause":"1","heading":null,"page":2,"url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12510#c-1"}],"law":[]},{"key":"ncb","label":"No-claim bonus","section":"Cover","meaning":"Discount on own-damage premium for claim-free years (20% to 50%).","status":"quote-verified","value":"No Claim Bonus can be earned only in the Own Damage section. It is not allowed if the policy is not renewed within 90 days of expiry, and the discount can go as high as 50%.","display":"Own-damage NCB, up to 50%; renewal must be within 90 days","note":"The policy wording gives a 3-year renewal NCB table; the prospectus states the discount can go as high as 50%.","quote":"NO CLAIM BONUS No Claim Bonus (NCB) can be earned only in the Own Damage section of Policies covering all classes of vehicles. No NCB can be allowed when a policy is not renewed within 90 days of its expiry. ... This discount can go as high as 50%. (NCB will only be allowed provided the Policy is renewed within 90 days of the expiry date of the previous policy).","sources":[{"clause":"6(c)","heading":null,"page":7,"url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12510#c-6-c"},{"clause":null,"heading":"No Claim Bonus","page":3,"url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12446#c-no-claim-bonus"}],"law":[]},{"key":"compulsory_deductible","label":"Compulsory deductible","section":"Limits and co-pay","meaning":"Fixed amount you pay on every own-damage claim.","status":"quote-verified","value":"The compulsory deductible is listed in the policy schedule and, according to the CIS, is ₹1000 for private cars and three-wheelers with engines up to 1500 cc or EVs under 65 KW, and ₹2000 for private cars and three-wheelers with engines over 1500 cc or EVs above 65 KW.","display":"₹1000 up to 1500 cc/under 65 KW; ₹2000 over 1500 cc/above 65 KW","note":"The policy wording says the deductible is the amount stated in the Schedule; the CIS supplies the engine-size/KW basis.","quote":"Compulsory Deductible: Your compulsory deductible, listed in your policy schedule, depends on your vehicle's engine size or kilowatt (KW) rating: • ₹1000 for private cars and three-wheelers with engines up to 1500 cc or EVs under 65 KW. • ₹2000 for private cars and three-wheelers with engines over 1500 cc or EVs above 65 KW.","sources":[{"clause":null,"heading":"Cover","page":2,"url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12581#c-cover"}],"law":[]},{"key":"deductible","label":"Voluntary deductible","section":"Limits and co-pay","meaning":"An extra amount per claim you choose to bear for a lower premium.","status":"quote-verified","value":"A voluntary deductible is optional. If chosen, the CIS shows voluntary deductible options of Rs.2,500, Rs.5,000, Rs.7,500 and Rs.15,000, with the amount shown in the policy schedule.","display":"Optional: Rs.2,500, Rs.5,000, Rs.7,500 or Rs.15,000","note":"Optional cover/discount; the actual selected amount is as shown in the policy schedule.","quote":"Voluntary Deductible: If you’ve chosen a voluntary deductible, the amount is shown in your policy schedule. Please check the table in your policy for the details: VOLUNTARY DEDUCTIBLE DISCOUNT % Four-Wheeler - Own Amount Discount Up to Damage Premium Rs.2,500 20% Rs.750 Rs.5,000 25% Rs.1,500 Rs.7,500 30% Rs.2,000 Rs.15,000 35% Rs.2,500","sources":[{"clause":null,"heading":"Cover","page":2,"url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12581#c-cover"}],"law":[]},{"key":"pa_owner_driver","label":"Personal accident cover for owner-driver","section":"Cover","meaning":"Compulsory PA cover for the owner-driver.","status":"quote-verified","value":"Owner-driver personal accident cover pays compensation for accidental bodily injury or death connected with the insured vehicle, with 100% for death, loss of two limbs/two eyes/one limb and one eye, or permanent total disablement, and 50% for loss of one limb or one eye. The total liability is Rs.15 lakhs during the period of insurance, subject to the owner-driver being the registered owner, named insured and holding an effective driving licence.","display":"Rs.15 lakhs owner-driver PA; 100% death/PTD/two limbs or eyes, 50% one limb or one eye","note":null,"quote":"The Company undertakes to pay compensation as per the following scale for bodily injury/ death sustained by the owner- driver of the vehicle in direct connection with the vehicle insured or whilst driving or whilst mounting into/ dismounting from the vehicle insured or whilst traveling in it as a co-driver, caused by violent accidental external and visible means ... (i) Death | 100%\n(ii) Loss of two limbs or sight of two eyes or one limb and sight of one eye | 100%\n(iii) Loss of one limb or sight of one eye | 50%\n(iv) Permanent total disablement from injuries other than named above | 100% ... the total liability of the Company shall not in the aggregate exceed the sum of Rs.15 lakhs during the period of insurance. ... This cover is subject to\na) the owner-driver is the registered owner of the vehicle insured herein;\nb) the owner-driver is the Insured named in this Policy.\nc) the owner-driver holds an effective driving license, in accordance with the provisions of Rule 3 of the Central Motor Vehicles Rules, 1989, at the time of the accident.","sources":[{"clause":"Section III","heading":"PERSONAL ACCIDENT COVER FOR OWNER-DRIVER","page":4,"url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12510#c-section-iii"}],"law":[{"title":"Enhancement of Capital Sum Insured in Compulsory Personal Accident Cover for Owner-Driver under Motor Insurance Policies","section":"Para 4(i) to (iii)","url":"https://indiainsurances.com/law/irdai-motor-cpa-2018"},{"title":"Compulsory Personal Accident Insurance for Owner-Driver under Motor Insurance","section":"Paras 1 and 2","url":"https://indiainsurances.com/law/irdai-motor-cpa-choice-2018"},{"title":"Cover for Compulsory Personal Accident (CPA) for Owner-Driver under Motor Insurance Policies","section":"Para 3","url":"https://indiainsurances.com/law/irdai-motor-cpa-standalone-2018"},{"title":"Cover for Compulsory Personal Accident (CPA) for Owner-Driver under Motor Insurance Policies","section":"Para 4(iv) to (viii)","url":"https://indiainsurances.com/law/irdai-motor-cpa-standalone-2018"}]},{"key":"addons","label":"Add-ons offered","section":"Cover","meaning":"Zero depreciation, engine protect, return to invoice, roadside assistance, consumables...","status":"quote-verified","value":["Basic Road Side Assistance Add-On Cover Under Private Car Package Policy- 3 Years","Protection Of NCB Add-On Cover Under Private Car Package Policy- 3 Years","Loss Of Personal Belongings Add-On Cover Under Private Car Package Policy- 3 Years","Cover For Key Replacements Add-On Cover Under Private Car Package Policy- 3 Years","Cover For Consequential Damage To Engine Add-On Cover Under Private Car Package Policy-3 Years","Return To Invoice Add-On Cover Under Private Car Package Policy-3 Years","Inconvenience Allowance Add-On Cover Under Private Car Package Policy-3 Years","Additional Roadside Assistance Add-On Cover Under Private Car Package Policy- 3 Years","Tyre Guard Add-On Cover Under Private Car Package Policy- 3 Years","Rim Safeguard Add-On Cover Under Private Car Package Policy- 3 Years","Consumables Add-On Cover Under Private Car Package Policy- 3 Years","Inability To Drive Due to Injury Add-On Cover Under Private Car Package Policy-3 Years","Additional Personal Accident Add-On Cover Under Private Car Package Policy-3 Years","Medical Expense Extension Add-On Cover Under Private Car Package Policy-3 Years","Loss Of Driving License/Registration Certificate Add-On Cover Under Private Car Package Policy- 3 Years","EMI Protector Add-On Cover Under Private Car Package Policy-3 Years","Depreciation Re-Imbursement Add-On Cover Under Private Car Package Policy-3 Years","Battery Secure Add on The Cover Under Private Car Package Policy-3 Years","Multiple Damage Add on Cover Under Private Car Package Policy- 3 Years","Additional Towing Add on Cover Under Private Car Package Policy- 3 Years","Car Spa Add on Cover Under Private Car Package Policy- 3 Years","Zero Excess Add on Cover Under Private Car Package Policy- 3 Years","Consumables Cover","Nil Depreciation Cover","Engine Protect","Key Protect","Return To Invoice Cover","Tyre and Alloy Cover","Personal Belongings Cover","Inconvenience Cover","EMI Cover","Battery Cover"],"display":"32 add-ons including roadside assistance, protection of NCB, personal belongings, key replacement/protect, engine protect, return to invoice, tyre/alloy, consumables, nil depreciation, EMI, battery and zero excess","note":"Add-ons are optional and require additional premium where specified in their wording.","quote":"• Private Car Package Policy- 3 Years – UIN: IRDAN149RPMT0007V01202425\nSr. No. | Name of Product / Add-on | UIN\n1 | Basic Road Side Assistance Add-On Cover Under Private Car Package Policy- 3 Years | IRDAN149RPMT0007V01202425/A0008V01202425\n2 | Protection Of NCB Add-On Cover Under Private Car Package Policy- 3 Years | IRDAN149RPMT0007V01202425/A0009V01202425\n3 | Loss Of Personal Belongings Add-On Cover Under Private Car Package Policy- 3 Years | IRDAN149RPMT0007V01202425/A0010V01202425\n4 | Cover For Key Replacements Add-On Cover Under Private Car Package Policy- 3 Years | IRDAN149RPMT0007V01202425/A0011V01202425\n5 | Cover For Consequential Damage To Engine Add-On Cover Under Private Car Package Policy-3 Years | IRDAN149RPMT0007V01202425/A0012V01202425\n6 | Return To Invoice Add-On Cover Under Private Car Package Policy-3 Years | IRDAN149RPMT0007V01202425/A0013V01202425\n7 | Inconvenience Allowance Add-On Cover Under Private Car Package Policy-3 Years | IRDAN149RPMT0007V01202425/A0014V01202425\n8 | Additional Roadside Assistance Add-On Cover Under Private Car Package Policy- 3 Years | IRDAN149RPMT0007V01202425/A0015V01202425\n9 | Tyre Guard Add-On Cover Under Private Car Package Policy- 3 Years | IRDAN149RPMT0007V01202425/A0016V01202425\n10 | Rim Safeguard Add-On Cover Under Private Car Package Policy- 3 Years | IRDAN149RPMT0007V01202425/A0017V01202425\n11 | Consumables Add-On Cover Under Private Car Package Policy- 3 Years | IRDAN149RPMT0007V01202425/A0018V01202425\n12 | Inability To Drive Due to Injury Add-On Cover Under Private Car Package Policy-3 Years | IRDAN149RPMT0007V01202425/A0019V01202425\n13 | Additional Personal Accident Add-On Cover Under Private Car Package Policy-3 Years | IRDAN149RPMT0007V01202425/A0020V01202425\n14 | Medical Expense Extension Add-On Cover Under Private Car Package Policy-3 Years | IRDAN149RPMT0007V01202425/A0021V01202425\n15 | Loss Of Driving License/Registration Certificate Add-On Cover Under Private Car Package Policy- 3 Years | IRDAN149RPMT0007V01202425/A0022V01202425\n16 | EMI Protector Add-On Cover Under Private Car Package Policy-3 Years | IRDAN149RPMT0007V01202425/A0023V01202425\n17 | Depreciation Re-Imbursement Add-On Cover Under Private Car Package Policy-3 Years | IRDAN149RPMT0007V01202425/A0024V01202425\n18 | Battery Secure Add on The Cover Under Private Car Package Policy-3 Years | IRDAN149RPMT0007V01202425/A0025V01202425\n19 | Multiple Damage Add on Cover Under Private Car Package Policy- 3 Years | IRDAN149RPMT0007V01202425/A0026V01202425\n20 | Additional Towing Add on Cover Under Private Car Package Policy- 3 Years | IRDAN149RPMT0007V01202425/A0027V01202425\n21 | Car Spa Add on Cover Under Private Car Package Policy- 3 Years | IRDAN149RPMT0007V01202425/A0028V01202425\n22 | Zero Excess Add on Cover Under Private Car Package Policy- 3 Years | IRDAN149RPMT0007V01202425/A0029V01202425\n23 | Consumables Cover | IRDAN149RPMT0007V01202425/A0062V01202526\n24 | Nil Depreciation Cover | IRDAN149RPMT0007V01202425/A0063V01202526\n25 | Engine Protect | IRDAN149RPMT0007V01202425/A0064V01202526\n26 | Key Protect | IRDAN149RPMT0007V01202425/A0065V01202526\n27 | Return To Invoice Cover | IRDAN149RPMT0007V01202425/A0066V01202526\n28 | Tyre and Alloy Cover | IRDAN149RPMT0007V01202425/A0067V01202526\n29 | Personal Belongings Cover | IRDAN149RPMT0007V01202425/A0068V01202526\n30 | Inconvenience Cover | IRDAN149RPMT0007V01202425/A0069V01202526\n31 | EMI Cover | IRDAN149RPMT0007V01202425/A0070V01202526\n32 | Battery Cover | IRDAN149RPMT0007V01202425/A0071V01202526","sources":[{"clause":null,"heading":"UIN: IRDAN149RP0003V01201819","page":14,"url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12446#c-uin-irdan149rp0003v01201819"}],"law":[]},{"key":"cashless_garages","label":"Cashless garages","section":"Claims","meaning":"Whether repairs can be cashless at network garages.","status":"not-stated","value":null,"display":null,"note":"The documents mention Company Authorised Garage/Repair shop for some covers, but do not state that repairs can be cashless at network garages.","quote":null,"sources":[],"law":[]},{"key":"motor_exclusions","label":"Main motor exclusions","section":"Exclusions","meaning":"No valid licence, drunk driving, use outside the permitted purpose, wear and tear...","status":"quote-verified","value":["Normal wear, tear and general ageing of the vehicle","Depreciation or any consequential loss","Mechanical/ electrical breakdown","Vehicle being used otherwise than in accordance with limitations as to use","Damage to / by a person driving the vehicle without a valid license","Damage to / by a person driving the vehicle under the influence of drugs or liquor","Loss / damage due to war, mutiny or nuclear risk","damage to Tyres and Tubes unless the vehicle is damaged at the same time"],"display":"No cover for wear and tear/ageing, depreciation or consequential loss, mechanical/electrical breakdown, non-permitted use, no valid licence, drugs/liquor, war/mutiny/nuclear risk, and tyres/tubes unless the vehicle is also damaged","note":"The first seven exclusions are quoted from the prospectus because it states them in a concise motor-exclusion list; tyre/tube exclusion is from the policy wording.","quote":"Any loss/damage to the vehicle and/or its accessories will not be covered if caused by the following:\n• Normal wear, tear and general ageing of the vehicle\n• Depreciation or any consequential loss\n• Mechanical/ electrical breakdown\n• Vehicle being used otherwise than in accordance with limitations as to use\n• Damage to / by a person driving the vehicle without a valid license\n• Damage to / by a person driving the vehicle under the influence of drugs or liquor\n• Loss / damage due to war, mutiny or nuclear risk ... damage to Tyres and Tubes unless the vehicle is damaged at the same time in which case the liability of the Company shall be limited to 50% of the cost of replacement.","sources":[{"clause":null,"heading":"Exclusions","page":4,"url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12446#c-exclusions"},{"clause":"2","heading":"The Company shall not be liable to make any payment in respect of","page":2,"url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12510#c-2"}],"law":[]},{"key":"sum_insured_basis","label":"Sum insured basis","section":"Cover","meaning":"How the cover amount is set: market value, reinstatement value, agreed value, IDV.","status":"quote-verified","value":"The sum insured basis is the Insured’s Declared Value of the vehicle. IDV is fixed from the manufacturer’s listed selling price adjusted for depreciation and is treated as the Market Value throughout the policy period for Total Loss and Constructive Total Loss claims.","display":"IDV, based on manufacturer’s listed selling price less depreciation; treated as Market Value for TL/CTL","note":null,"quote":"The Insured’s Declared Value (IDV) of the vehicle will be deemed to be the ‘SUM INSURED’ for the purpose of this Policy which is fixed at the commencement of each Policy period for the insured vehicle. The IDV of the vehicle (and accessories if any fitted to the vehicle) is to be fixed on the basis of the manufacturer’s listed selling price and its movement in the subsequent years of the brand and model as the vehicle insured at the commencement of insurance/renewal and adjusted for depreciation ... IDV shall be treated as the ‘Market Value’ throughout the policy period without any further depreciation for the purpose of Total Loss (TL) / Constructive Total Loss (CTL) claims.","sources":[{"clause":"4(c)","heading":null,"page":3,"url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12510#c-4-c"}],"law":[]}],"documents":[{"kind":"wording","label":"Policy Wordings - Private Car Package Policy","pages":49,"fetched_at":"2026-10-17 19:52:38+00","source_url":"https://www.magmainsurance.com/documents/5553002/0/Policy+Wordings+-+Private+Car+Package+Policy.pdf/50781eb1-9520-19ba-f83c-0de23809fb0c?t=1791966640297","url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12497"},{"kind":"wording","label":"Policy Wordings – Private Car Package Policy - 3 Year","pages":49,"fetched_at":"2026-10-17 19:52:53+00","source_url":"https://www.magmainsurance.com/documents/5553002/0/Policy+Wordings+%E2%80%93+Private+Car+Package+Policy+-+3+Year.pdf/801f5201-9310-8d4d-2241-b2c1c3ab3826?t=1791966760252","url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12510"},{"kind":"wording","label":"Private Car Package Policy (IRDAI copy)","pages":16,"fetched_at":"2026-10-20 00:56:01+00","source_url":"https://irdai.gov.in/documents/37343/993134/IRDAN149RP0001V02201213_GEN2642.pdf/28c053c6-7e73-f4f8-5f69-85e9a007a5aa?version=1.1&t=1668770086894&download=true","url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/25122"},{"kind":"prospectus","label":"Prospectus - Private Car","pages":17,"fetched_at":"2026-10-17 19:51:21+00","source_url":"https://www.magmainsurance.com/documents/5553002/5571192/Prospectus-+Private+Car.pdf/03b0576c-2cbb-63c7-e6ef-46ffa17b8497?t=1789043235176","url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12446"},{"kind":"cis","label":"Customer Information Sheet - Private Car","pages":9,"fetched_at":"2026-10-17 19:55:52+00","source_url":"https://www.magmainsurance.com/documents/5553002/20832625/Customer+Information+Sheet+-+Private+Car.pdf/d2c8ad18-e731-99c4-87fd-7faa20e49296?t=1789042542390","url":"https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425/document/12581"}],"versions":[{"uin":"IRDAN149RP0001V02201213","version":null,"approved_on":null},{"uin":"IRDAN149RPMT0007V01202425","version":null,"approved_on":null}],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"Magma General Insurance official website","url":"https://www.magmainsurance.com/","note":"Buy directly from the insurer."},{"purpose":"buy","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"claims_and_complaints":[{"purpose":"claim","kind":"insurer","name":"Claims","url":"https://www.magmainsurance.com/web/magmainsurance/claims","note":null},{"purpose":"claim","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"grievance","kind":"insurer","name":"Grievance redressal","url":"https://www.magmainsurance.com/grievance-redressal","note":null},{"purpose":"grievance","kind":"official","name":"Bima Bharosa (IRDAI grievance portal)","url":"https://bimabharosa.irdai.gov.in/","note":"Register and track a complaint against any insurer with IRDAI. Complain to the insurer first; escalate here if the reply is late or unsatisfactory."},{"purpose":"grievance","kind":"official","name":"e-Daakhil (consumer commission e-filing)","url":"https://edaakhil.nic.in/","note":"Not reachable from our crawler on 2026-10-19; use e-Jagriti if this link does not open."},{"purpose":"grievance","kind":"official","name":"e-Jagriti (consumer commission filing)","url":"https://e-jagriti.gov.in/","note":"Ministry of Consumer Affairs platform for consumer commission cases, a route for insurance disputes that the Ombudsman does not settle."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Ahmedabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Gujarat, Dadra & Nagar Haveli, Daman and Diu. Email: oio.ahmedabad@cioins.co.in. Phone: 079 - 25501201/02. Address: Office of the Insurance Ombudsman, Jeevan Prakash Building, 6th floor, Tilak Marg, Relief Road, AHMEDABAD – 380 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bengaluru","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Karnataka. Email: oio.bengaluru@cioins.co.in. Phone: 080 - 26652048 / 26652049. Address: Office of the Insurance Ombudsman, Jeevan Soudha Building,PID No. 57-27-N-19 Ground Floor, 19/19, 24th Main Road, JP Nagar, Ist Phase, Bengaluru – 560 078."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhopal","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Madhya Pradesh, Chhattisgarh. Email: oio.bhopal@cioins.co.in. Phone: 0755 - 2769201 / 2769202 / 2769203. Address: Office of the Insurance Ombudsman, 1st floor,\"Jeevan Shikha\", 60-B,Hoshangabad Road, Opp. Gayatri Mandir,Arera Hills Bhopal – 462 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhubaneswar","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Odisha. Email: oio.bhubaneswar@cioins.co.in. Phone: 0674 - 2596461 /2596455/2596429/2596003. Address: Office of the Insurance Ombudsman, 62, Forest park, Bhubaneswar – 751 009."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chandigarh","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Punjab, Haryana (excluding Gurugram, Faridabad, Sonepat and Bahadurgarh), Himachal Pradesh, Union Territories of Jammu & Kashmir,Ladakh & Chandigarh. Email: oio.chandigarh@cioins.co.in. Phone: 0172-2706468. Address: Office Of The Insurance Ombudsman, Jeevan Deep Building SCO 20-27, Ground Floor Sector- 17 A, Chandigarh – 160 017."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chennai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Tamil Nadu, PuducherryTown and Karaikal (which are part of Puducherry). Email: oio.chennai@cioins.co.in. Phone: 044 - 24333668 / 24333678. Address: Office of the Insurance Ombudsman, Fatima Akhtar Court, 4th Floor, 453, Anna Salai, Teynampet, CHENNAI – 600 018."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Delhi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Delhi & following Districts of Haryana - Gurugram, Faridabad, Sonepat & Bahadurgarh. Email: oio.delhi@cioins.co.in. Phone: 011 - 46013992/23213504/23232481. Address: Office of the Insurance Ombudsman, 2/2 A, Universal Insurance Building, Asaf Ali Road, New Delhi – 110 002."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Guwahati","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Assam, Meghalaya, Manipur, Mizoram, Arunachal Pradesh, Nagaland and Tripura. Email: oio.guwahati@cioins.co.in. Phone: 0361 - 2632204 / 2602205 / 2631307. Address: Office of the Insurance Ombudsman, Jeevan Nivesh, 5th Floor, Near Pan Bazar , S.S. Road, Guwahati – 781001(ASSAM)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Hyderabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Andhra Pradesh, Telangana, Yanam and part of Union Territory of Puducherry. Email: oio.hyderabad@cioins.co.in. Phone: 040 - 23312122 / 23376991 / 23376599 / 23328709 / 23325325. Address: Office of the Insurance Ombudsman, 6-2-46, 1st floor, \"Moin Court\", Lane Opp.Hyundai Showroom , A. C. Guards, Lakdi-Ka-Pool, Hyderabad - 500 004."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Jaipur","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Rajasthan. Email: oio.jaipur@cioins.co.in. Phone: 0141- 2740363. Address: Office of the Insurance Ombudsman, Jeevan Nidhi – II Bldg., Gr. Floor, Bhawani Singh Marg, Jaipur - 302 005."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kochi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Kerala, Lakshadweep, Mahe-a part of Union Territory of Puducherry. Email: oio.ernakulam@cioins.co.in. Phone: 0484 - 2358759. Address: Office of the Insurance Ombudsman, 10th Floor, Jeevan Prakash,LIC Building, Opp to Maharaja's College Ground,M.G.Road, Kochi - 682 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kolkata","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: West Bengal, Sikkim, Andaman & Nicobar Islands. Email: oio.kolkata@cioins.co.in. Phone: 033 - 22124339 / 22124341. Address: Office of the Insurance Ombudsman, Hindustan Bldg. Annexe, 7th Floor, 4, C.R. Avenue, KOLKATA - 700 072."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Lucknow","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Districts of Uttar Pradesh : Lalitpur, Jhansi, Mahoba, Hamirpur, Banda, Chitrakoot, Allahabad, Mirzapur, Sonbhabdra, Fatehpur, Pratapgarh, Jaunpur,Varanasi, Gazipur, Jalaun, Kanpur, Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich, Barabanki, Raebareli, Sravasti, Gonda, Faizabad, Amethi, Kaushambi, Balrampur, Basti, Ambedkarnagar, Sultanpur, Maharajgang, Santkabirnagar, Azamgarh, Kushinagar, Gorkhpur, Deoria, Mau, Ghazipur, Chandauli, Ballia, Sidharathnagar. Email: oio.lucknow@cioins.co.in. Phone: 0522 - 4002082 / 3500613. Address: Office of the Insurance Ombudsman, 6th Floor, Jeevan Bhawan, Phase-II, Nawal Kishore Road, Hazratganj, Lucknow - 226 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Mumbai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: List of wards under Mumbai Metropolitan Region excluding wards in Mumbai – i.e M/E, M/W, N , S and T covered under Office of Insurance Ombudsman Thane and excluding areas of Navi Mumbai. Email: oio.mumbai@cioins.co.in. Phone: 022 - 69038800/27/29/31/32/33. Address: Office of the Insurance Ombudsman, 3rd Floor, Jeevan Seva Annexe, S. V. Road, Santacruz (W), Mumbai - 400 054."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Noida","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Uttarakhand and the following Districts of Uttar Pradesh: Agra, Aligarh, Bagpat, Bareilly, Bijnor, Budaun, Bulandshehar, Etah, Kannauj, Mainpuri, Mathura, Meerut, Moradabad, Muzaffarnagar, Oraiyya, Pilibhit, Etawah, Farrukhabad, Firozbad, Gautam Buddh nagar, Ghaziabad, Hardoi, Shahjahanpur, Hapur, Shamli, Rampur, Kashganj, Sambhal, Amroha, Hathras, Kanshiramnagar, Saharanpur. Email: oio.noida@cioins.co.in. Phone: 0120-4027589. Address: Office of the Insurance Ombudsman, Bhagwan Sahai Palace 4th Floor, Main Road, Naya Bans, Sector 15, Distt: Gautam Buddh Nagar, U.P-201301."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: offices and jurisdiction","url":"https://www.cioins.co.in/Ombudsman","note":"Addresses, phone numbers, e-mail and the states or districts each Ombudsman office covers."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Patna","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Bihar, Jharkhand. Email: oio.patna@cioins.co.in. Phone: 0612-2547068. Address: Office of the Insurance Ombudsman, 2nd Floor, Lalit Bhawan, Bailey Road, Patna 800 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Pune","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Goa and State of Maharashtra excluding areas of Navi Mumbai, Thane district,Palghar District, Raigad district & Mumbai Metropolitan Region. Email: oio.pune@cioins.co.in. Phone: 020-24471175. Address: Office of the Insurance Ombudsman, Jeevan Darshan Bldg., 3rd Floor, C.T.S. No.s. 195 to 198, N.C. Kelkar Road, Narayan Peth, Pune – 411 030."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: register a complaint online","url":"https://cioins.co.in/Complaint/Online","note":"Council for Insurance Ombudsmen. Free. For disputes with an insurer after its own grievance process; the office is chosen by where you live (see the offices list)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Thane","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Area of Navi Mumbai, Thane District, Raigad District, Palghar District and wards of Mumbai , M/East, M/West, N, S and T. Email: oio.thane@cioins.co.in. Phone: 022-20812868/69. Address: Office of the Insurance Ombudsman, Jeevan Chintamani Building, 2nd Floor,Near New RTO Office, Louis Wadi,Vasantrao Naik Mahamarg, Thane (West)- 400604."},{"purpose":"grievance","kind":"official","name":"National Consumer Helpline","url":"https://consumerhelpline.gov.in/public/","note":"Government consumer helpline; can take up a complaint before you go to a consumer commission."},{"purpose":"port","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"renew","kind":"insurer","name":"Renewal","url":"https://www.magmainsurance.com/renewal","note":null}],"notice":"Information, not advice. IndiaInsurances is not an insurer or an insurance intermediary, does not sell insurance and earns no commission. Policy terms change and your own policy schedule can differ: always confirm with the policy document and the insurer before you buy or claim.","cite_as":"Private Car Package (UIN IRDAN149RPMT0007V01202425), IndiaInsurances, https://indiainsurances.com/policy/magma-general-insurance/private-car-package-irdan149rpmt0007v01202425"}