{"uin":"IRDAN556RPMT0004V01202526","name":"Nil Depreciation Comprehensive (NDC) Private Car Stand Alone OD (SAOD) Policy","url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526","insurer":{"slug":"oriental-insurance","name":"The Oriental Insurance Company Limited","url":"https://indiainsurances.com/insurer/oriental-insurance"},"line":"general","category":"motor-addon","category_name":"Motor add-ons","irdai_type":null,"kind":"product","status":"active","approved_on":null,"withdrawn_on":null,"summary":"This is a Nil Depreciation Comprehensive Private Car Stand Alone Own Damage Policy for private cars. It covers listed own-damage perils and applies no depreciation for the first two partial loss claims, with add-on options up to the 3rd or 4th claim.","analysis":{"state":"machine","analysed_at":"2026-10-20 05:40:37.219151+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":"quote-verified","value":["Option I – upto 3rd claim","Option II - upto 4th claim"],"display":"Add-on options: Option I – upto 3rd claim; Option II - upto 4th claim","note":null,"quote":"This policy also has Add- on options on payment of additional premium as under: -\n• Option I – upto 3rd claim\n• Option II - upto 4th claim","sources":[{"clause":"5","heading":"Rate of Depreciation for Painting","page":5,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-5"}],"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":"The policy period is one year from the inception of the policy as mentioned in the policy schedule.","display":"One year from inception of the policy","note":null,"quote":"The policy period is One year from the inception of the policy as mentioned in the policy schedule.","sources":[{"clause":"Section I","heading":"LOSS OF OR DAMAGE TO THE VEHICLE INSURED","page":4,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-section-i"}],"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":"The insured must give written or electronic notice immediately, and in any case not later than seven (7) days from the date of the incident unless prevented by circumstances beyond the insured's control. Theft, burglary, house-breaking, malicious act, riot, strike, or any criminal act must also be reported to the police immediately with an FIR copy provided to the company.","display":"Immediately, and in any case not later than seven (7) days from the date of the incident","note":null,"quote":"In the event of any accident, loss, damage, or occurrence likely to give rise to a claim under this Policy, the Insured shall give written or electronic notice to the Company immediately, and in any case not later than seven (7) days from the date of the incident, unless prevented by circumstances beyond the Insured’s control. ... In case of theft, burglary, house-breaking, malicious act, riot, strike, or any criminal act, the Insured shall lodge a First Information Report (FIR) with the Police immediately and provide a copy to the Company.","sources":[{"clause":"12(I)","heading":null,"page":11,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-12-i"}],"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":["completed and signed claim form","Copy of Registration Certificate (RC) of the vehicle","Valid Driving Licence of the person driving the vehicle at the time of the accident","Copy of Policy Schedule","Copy of FIR/Police Intimation Report (where applicable)","Estimate of repairs from the workshop/garage","Bills/Invoices for repairs or replacement","Photographs of the damaged vehicle","Court summons, legal notices, or correspondence relating to third-party claims","Any other document reasonably required by the Company for claim verification and settlement"],"display":"Claim form, RC, driving licence, policy schedule, FIR where applicable, repair estimate, repair bills, photographs, legal notices and any other document required","note":null,"quote":"The Insured shall submit a completed and signed claim form along with all relevant documents required by the Company, which may include but are not limited to:\nb. Copy of Registration Certificate (RC) of the vehicle;\nc. Valid Driving Licence of the person driving the vehicle at the time of the accident;\nd. Copy of Policy Schedule;\ne. Copy of FIR/Police Intimation Report (where applicable);\nf. Estimate of repairs from the workshop/garage;\ng. Bills/Invoices for repairs or replacement;\nh. Photographs of the damaged vehicle; ... i) Court summons, legal notices, or correspondence relating to third-party claims;\nj. Any other document reasonably required by the Company for claim verification and settlement.","sources":[{"clause":"12(II)","heading":null,"page":11,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-12-ii"},{"clause":"12(i)","heading":null,"page":12,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-12-i-2"}],"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":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"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 unless specifically covered under the policy","damage to Tyres and Tubes unless the vehicle insured is damaged at the same time","under the influence of intoxicating liquor or drugs","Depreciation towards replacement of accessories, internal improvements and/ or extra fittings in the Insured Vehicle unless specifically covered under the policy","Losses covered under any other type of insurance policy or manufacturer’s warranty or recall campaign","Sports and Racing","any geographical area outside India","Cyber Incident affecting the Insured Vehicle, its systems, or any connected devices","contractual liability unless such liability would have attached in the absence of such agreement","Being used otherwise than in accordance with the ‘Limitations as to Use’ specified in the Schedule","ionising radiations or contamination by radioactivity","war, invasion, act of foreign enemy, hostilities or warlike operations"],"display":"Wear and tear/breakdown, tyres unless vehicle is damaged, drunk driving, accessories depreciation, other insurance or warranty, sports and racing, outside India, cyber incident, contractual liability, use or driver outside schedule, radioactivity and war perils","note":null,"quote":"Consequential loss, depreciation, wear and tear, mechanical or electrical breakdown failures or breakages unless specifically covered under the policy; ... damage to Tyres and Tubes unless the vehicle insured is damaged at the same time in which case the liability of the company shall be limited to 50% of the cost of replacement unless specifically covered under the policy. ... 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. ... Depreciation towards replacement of accessories, internal improvements and/ or extra fittings in the Insured Vehicle unless specifically covered under the policy. ... Losses covered under any other type of insurance policy or manufacturer’s warranty or recall campaign at the time of happening of any loss or damage. ... Cover will not be available whilst the vehicle is being used for Sports and Racing. ... In relation to any accident occurring in any geographical area outside India. ... any loss, damage, cost or liability, directly or indirectly caused by, contributed to by, or arising from any Cyber Incident affecting the Insured Vehicle, its systems, or any connected devices. ... Contractual Liability Any claim arising out of any contractual liability unless such liability would have attached in the absence of such agreement. ... Being used otherwise than in accordance with the ‘Limitations as to Use’ specified in the Schedule ... Any accidental loss, damage or destruction to any property whatsoever, or any loss or expense whatsoever, resulting from or arising out of ionising radiations or contamination by radioactivity ... War and Allied Perils : Any accidental loss, damage and/or liability directly or indirectly or proximately or remotely occasioned by, contributed to by, or traceable to, or arising out of, or in connection with war, invasion, act of foreign enemy, hostilities or warlike operations","sources":[{"clause":"5(a)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-5-a"},{"clause":"5(b)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-5-b"},{"clause":"5(c)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-5-c"},{"clause":"5(d)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-5-d"},{"clause":"5(e)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-5-e"},{"clause":"5(f)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-5-f"},{"clause":"5(g)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-5-g"},{"clause":"5(h)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-5-h"},{"clause":"3","heading":"General Exclusions (Applicable to all Sections of the Policy Policy)","page":8,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-3-2"}],"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":"The policyholder may first submit the grievance in writing to the Policy Issuing Office or Grievance cells at the Regional Office of the company. If it remains unaddressed, the insured person may contact the Officer, Customer Care Department using the listed website, toll-free numbers, email or courier address.","display":"Policy Issuing Office or Regional Office grievance cells first; then Officer, Customer Care Department","note":null,"quote":"In the event of the policyholder having any grievance relating to the insurance, the insured may submit in writing to the Policy Issuing Office or Grievance cells at Regional Office / of the Company for redressal. If the grievance remains unaddressed, the insured person may contact the Officer, Customer Care Department.\n1. Website: www.orientalinsurance.org.in ,\n2. Toll free: 1800118485 Or 011- 33208485\n3. E-mail: csd@orientalinsurance.co.in\n4. Courier: Customer Service department, Block 4, Plate A, NBCC Tower, Kidwai Nagar, New Delhi-110023.","sources":[{"clause":null,"heading":"GRIEVANCE REDRESSAL","page":25,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-grievance-redressal"}],"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":"Fire, theft, riot, earthquake, flood/storm perils, accidental external means, malicious act, terrorist activity, transit and landslide/rockslide","note":null,"quote":"The Company will indemnify the insured against loss or damage to the vehicle insured hereunder and/or its accessories whilst thereon\ni) 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":"Section I","heading":"LOSS OF OR DAMAGE TO THE VEHICLE INSURED","page":4,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-section-i"}],"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":"The policyholder can cancel the policy any time during the term. The company refunds proportionate premium for the unexpired policy period if no claim has been made during the policy period.","display":"Proportionate premium for the unexpired policy period if no claim has been made","note":null,"quote":"I) Policy can be cancelled by the policyholder any time during the term of the policy. ... IV) The Company shall--\ni) Refund proportionate premium for the unexpired policy period subject to the following:\na) No claim has been made during the policy period","sources":[{"clause":"5","heading":"POLICY CANCELLATION","page":9,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-5-2"}],"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":"quote-verified","value":"The base cover is India only because accidents outside India are excluded. The geographical area can be extended by endorsement to Nepal, Sri Lanka, Maldives, Bhutan, Pakistan or Bangladesh.","display":"India only, unless extended by endorsement to Nepal/ Sri Lanka/ Maldives/ Bhutan/ Pakistan/Bangladesh","note":"Geographical extension is by endorsement and excludes sea voyage or air passage cover for ferrying the vehicle to the extended geographical area.","quote":"In relation to any accident occurring in any geographical area outside India. ... Geographical Area in this\nPolicy shall from the . . ./ . ./ to the . .../. . / | (both days inclusive) be deemed to include * ... NOTE: - Insert Nepal/ Sri Lanka/ Maldives/ Bhutan/ Pakistan/Bangladesh as the case may be.","sources":[{"clause":"5(g)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-5-g"},{"clause":null,"heading":"IMT. 1. Extension of Geographical Area","page":12,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-imt-1-extension-of-geographical-area"}],"law":[]},{"key":"cover_types","label":"Cover types","section":"Cover","meaning":"Comprehensive, standalone own damage, third-party only.","status":"quote-verified","value":["Stand Alone Own Damage"],"display":"Private Car Stand Alone Own Damage","note":null,"quote":"Nil Depreciation Comprehensive (NDC) Private Car Stand Alone Own Damage Policy ... Own Damage means loss of or damage to the Insured Vehicle and/or its accessories (attached to the vehicle) due to an insured peril, excluding third-party liabilities.","sources":[{"clause":null,"heading":"Nil Depreciation Comprehensive (NDC) Private Car Stand Alone Own Damage Policy","page":1,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-nil-depreciation-comprehensive-ndc-private-car-s"},{"clause":null,"heading":"Own Damage","page":3,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-own-damage"}],"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":"Third-party liabilities are not covered under the own-damage cover; the policy defines Own Damage as loss of or damage to the insured vehicle and accessories due to an insured peril, excluding third-party liabilities.","display":"Not covered; Own Damage excludes third-party liabilities","note":null,"quote":"Own Damage means loss of or damage to the Insured Vehicle and/or its accessories (attached to the vehicle) due to an insured peril, excluding third-party liabilities.","sources":[{"clause":null,"heading":"Own Damage","page":3,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-own-damage"}],"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 (IDV) of the vehicle is the Sum Insured for the policy and is fixed at the start of each policy period from the manufacturer's listed selling price adjusted for depreciation. For total loss, theft or constructive total loss, the company's maximum liability is the IDV stated in the policy schedule.","display":"IDV is the Sum Insured; maximum liability for total loss, theft or CTL is the IDV stated in the Policy Schedule","note":null,"quote":"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. ... In the event of a Total Loss, Theft, or Constructive Total Loss of the insured vehicle, the Company’s maximum liability shall be limited to the Insured Declared Value (IDV) stated in the Policy Schedule","sources":[{"clause":null,"heading":"Insured’s Declared Value (IDV) / Sum Insured","page":3,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-insureds-declared-value-idv-sum-insured"},{"clause":null,"heading":"Special Conditions Applicable to the Policy","page":5,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-special-conditions-applicable-to-the-policy"}],"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":"No depreciation is deducted for partial loss or damage to the insured vehicle for the first two partial loss claims during the policy period. For the third and later claims, depreciation applies: 50% for rubber/nylon/plastic parts, tyres and tubes, batteries and air bags; 30% for fiber glass components; nil for glass; other parts follow the age schedule; painting has 50% on material cost.","display":"No depreciation for first two partial loss claims; third and later claims follow the depreciation schedule","note":"The nil-depreciation cover is available for vehicles whose age is less than or equal to 6.5 years on policy inception date. Add-on options can extend the benefit up to the 3rd or 4th claim.","quote":"No depreciation shall be deducted for partial loss/damage to the insured vehicle and for arriving at aggregate cost of repair for total loss or constructive total loss provided the loss is admitted under the own damage section of the policy subject to the following conditions: ... The coverage is applicable only for first two partial loss claims during the policy period admissible under Section I of the Policy. For third and/or more claim(s), as the case may be, under this policy the following depreciation shall be applicable :- ... For all rubber/ nylon/ plastic parts, tyres and tubes, batteries and air bags -50% ... For fiber glass components - 30% ... For all parts made of glass – Nil ... Rate of depreciation for all other parts including wooden parts will be as per the following schedule depending on Age of Vehicle: - ... 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.","sources":[{"clause":"Section I","heading":"LOSS OF OR DAMAGE TO THE VEHICLE INSURED","page":4,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-section-i"},{"clause":"1","heading":"For all rubber/ nylon/ plastic parts, tyres and tubes, batteries and air bags -50%","page":5,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-1-2"},{"clause":"2","heading":"For fiber glass components - 30%","page":5,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-2-2"},{"clause":"3","heading":"For all parts made of glass – Nil","page":5,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-3"},{"clause":"4","heading":null,"page":5,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-4"},{"clause":"5","heading":"Rate of Depreciation for Painting","page":5,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-5"}],"law":[]},{"key":"ncb","label":"No-claim bonus","section":"Cover","meaning":"Discount on own-damage premium for claim-free years (20% to 50%).","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"compulsory_deductible","label":"Compulsory deductible","section":"Limits and co-pay","meaning":"Fixed amount you pay on every own-damage claim.","status":"not-stated","value":null,"display":null,"note":"The wording says the deductible is stated in the schedule and IMT.22 has blanks to insert the amount, but no fixed rupee amount is printed in the provided documents.","quote":null,"sources":[],"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 available by endorsement for private cars/motorized two wheelers other than for hire or reward. The insured bears the first amount for each and every event, but the actual rupee amount is left blank to be inserted as the voluntary deductible opted.","display":"Available by endorsement; amount opted by the insured, borne for each and every event","note":"The policy wording does not print the actual voluntary deductible amounts; it says the opted amount is to be inserted.","quote":"(For private cars/motorized two wheelers other than for hire or reward) It is by declared and agreed that the insured having opted a voluntary deductible of Rs. ............* a\nreduction in premium of Rs | ** under Section 1 of the policy is hereby allowed. ... the insured shall bear under Section 1 of the policy in respect of each and every event (including event giving rise to a total loss/constructive total loss) the first Rs ***","sources":[{"clause":null,"heading":"IMT 22A. VOLUNTARY DEDUCTIBLE","page":20,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-imt-22a-voluntary-deductible"}],"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":"Personal accident cover for the owner-driver applies only when opted for after payment of applicable premium. It pays compensation for listed injuries or death, with aggregate liability not exceeding Rs.15 lakhs during any one period of insurance, subject to the owner-driver being the registered owner, named insured and holding an effective driving licence.","display":"Optional; up to Rs.15 lakhs for owner-driver death or specified disablement","note":null,"quote":"(Applicable only when opted for after payment of applicable premium)\nThe Company undertakes to pay compensation as per the following scale for bodily injury/ death sustained by the owner-driver of the vehicle ... i) Death 100%\nii) Loss of two limbs or sight of two eyes or one limb and sight of one eye 100%\niii) Loss of one limb or sight of one eye 50%\niv) Permanent total disablement from injuries other than named above 100% ... the total liability of the insurer shall not in the aggregate exceed the sum of Rs.15 lakhs during any one period of insurance ... This cover is subject to (a) the owner-driver is the registered owner of the vehicle insured herein; (b) the owner-driver is the insured named in this policy. (c) the owner-driver holds an effective driving license","sources":[{"clause":"Section III","heading":"PERSONAL ACCIDENT COVER FOR OWNER-DRIVER","page":7,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#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":["Option I – upto 3rd claim","Option II - upto 4th claim"],"display":"Option I – upto 3rd claim; Option II - upto 4th claim","note":"These options extend the nil-depreciation benefit beyond the base cover, which applies only for the first two partial loss claims.","quote":"This policy also has Add- on options on payment of additional premium as under: -\n• Option I – upto 3rd claim\n• Option II - upto 4th claim","sources":[{"clause":"5","heading":"Rate of Depreciation for Painting","page":5,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-5"}],"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":null,"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":["Consequential loss, depreciation, wear and tear, mechanical or electrical breakdown failures or breakages unless specifically covered under the policy","damage to Tyres and Tubes unless the vehicle insured is damaged at the same time","under the influence of intoxicating liquor or drugs","Cover will not be available whilst the vehicle is being used for Sports and Racing","any accident occurring in any geographical area outside India","Cyber Incident affecting the Insured Vehicle, its systems, or any connected devices","Being used otherwise than in accordance with the ‘Limitations as to Use’ specified in the Schedule","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","Radioactive Contamination","War and Allied Perils"],"display":"Wear and tear/breakdown, tyres unless vehicle damaged, drunk driving, sports and racing, outside India, cyber incidents, use outside schedule, driver outside driver clause, radioactivity and war perils","note":null,"quote":"Consequential loss, depreciation, wear and tear, mechanical or electrical breakdown failures or breakages unless specifically covered under the policy; ... damage to Tyres and Tubes unless the vehicle insured is damaged at the same time in which case the liability of the company shall be limited to 50% of the cost of replacement unless specifically covered under the policy. ... 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. ... Cover will not be available whilst the vehicle is being used for Sports and Racing. ... In relation to any accident occurring in any geographical area outside India. ... Cyber Incident affecting the Insured Vehicle, its systems, or any connected devices. ... Being used otherwise than in accordance with the ‘Limitations as to Use’ specified in the Schedule; or (b) 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. ... Radioactive Contamination ... War and Allied Perils","sources":[{"clause":"5(a)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-5-a"},{"clause":"5(b)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-5-b"},{"clause":"5(c)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-5-c"},{"clause":"5(f)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-5-f"},{"clause":"5(g)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-5-g"},{"clause":"5(h)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-5-h"},{"clause":"3","heading":"General Exclusions (Applicable to all Sections of the Policy Policy)","page":8,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-3-2"}],"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 is the vehicle's Insured Declared Value (IDV), fixed at the start of each policy period using the manufacturer's listed selling price for the brand and model and adjusted for depreciation. For total loss or constructive total loss, IDV is treated as the Market Value throughout the policy period without further depreciation.","display":"IDV based on manufacturer’s listed selling price adjusted for depreciation","note":null,"quote":"The IDV of the vehicle (including accessories if any fitted to the vehicle) is to be fixed on the basis of the manufacturer's listed selling price of the brand and model as the vehicle insured at the commencement of insurance/renewal and adjusted for depreciation (as per schedule given in the Policy Schedule). ... 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":null,"heading":"Insured’s Declared Value (IDV) / Sum Insured","page":3,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-insureds-declared-value-idv-sum-insured"},{"clause":"5","heading":"Rate of Depreciation for Painting","page":5,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-5"}],"law":[]},{"key":"addon_cover","label":"What the add-on pays","section":"Cover","meaning":"What this add-on adds to the base motor policy.","status":"quote-verified","value":"The nil-depreciation benefit means no depreciation is deducted for admitted own-damage partial loss or damage to the insured vehicle, and for arriving at aggregate cost of repair for total loss or constructive total loss. The base policy applies this to the first two partial loss claims during the policy period.","display":"No depreciation deducted for admitted own-damage claims, for the first two partial loss claims","note":null,"quote":"No depreciation shall be deducted for partial loss/damage to the insured vehicle and for arriving at aggregate cost of repair for total loss or constructive total loss provided the loss is admitted under the own damage section of the policy subject to the following conditions: ... The coverage is applicable only for first two partial loss claims during the policy period admissible under Section I of the Policy.","sources":[{"clause":"Section I","heading":"LOSS OF OR DAMAGE TO THE VEHICLE INSURED","page":4,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-section-i"}],"law":[]},{"key":"addon_limits","label":"Limits on the add-on","section":"Limits and co-pay","meaning":"Number of claims per year, vehicle age limits and other caps.","status":"quote-verified","value":"The nil-depreciation cover is available for vehicles whose age is less than or equal to 6.5 years on the policy inception date. The policy period is one year; base coverage applies only for the first two partial loss claims during the policy period, with add-on options on payment of additional premium up to the 3rd or 4th claim, and mid-term or short-period issuance is not permitted.","display":"Vehicle age <= 6.5 years; one-year policy; first two partial loss claims, with options up to 3rd or 4th claim; no mid-term or short-period cover","note":null,"quote":"The cover is available for vehicles whose age is less than or equal to 6.5 years on policy inception date. Age to be calculated from date of Invoice as new / date of First Purchase as new. ... The policy period is One year from the inception of the policy as mentioned in the policy schedule. The coverage is applicable only for first two partial loss claims during the policy period admissible under Section I of the Policy. ... This policy also has Add- on options on payment of additional premium as under: -\n• Option I – upto 3rd claim\n• Option II - upto 4th claim ... Restriction on Mid-Term or Short-Period Cover Issuance of cover on a mid-term or short-period basis is not permitted under this policy.","sources":[{"clause":"Section I","heading":"LOSS OF OR DAMAGE TO THE VEHICLE INSURED","page":4,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-section-i"},{"clause":"5","heading":"Rate of Depreciation for Painting","page":5,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-5"},{"clause":null,"heading":"Special Conditions Applicable to the Policy","page":5,"url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819#c-special-conditions-applicable-to-the-policy"}],"law":[]}],"documents":[{"kind":"wording","label":"NDC PVT CAR SAOD Policy Wordings.pdf","pages":28,"fetched_at":"2026-10-17 19:55:07+00","source_url":"https://oicl-cms-media.s3.ap-south-1.amazonaws.com/NDC_PVT_CAR_SAOD_Policy_Wordings_6987626414.pdf","url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13819"},{"kind":"brochure","label":"NDC PVT CAR SAOD sales literature.pdf","pages":5,"fetched_at":"2026-10-17 19:52:48+00","source_url":"https://oicl-cms-media.s3.ap-south-1.amazonaws.com/NDC_PVT_CAR_SAOD_sales_literature_3aa31903f5.pdf","url":"https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526/document/13751"}],"versions":[],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"Oriental Insurance official website","url":"https://www.orientalinsurance.org.in/","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":"Claim forms","url":"https://www.orientalinsurance.org.in/claim-form","note":null},{"purpose":"claim","kind":"insurer","name":"Health claim status","url":"https://www.orientalinsurance.org.in/health-claim-status","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.orientalinsurance.org.in/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."}],"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":"Nil Depreciation Comprehensive (NDC) Private Car Stand Alone OD (SAOD) Policy (UIN IRDAN556RPMT0004V01202526), IndiaInsurances, https://indiainsurances.com/policy/oriental-insurance/nil-depreciation-comprehensive-ndc-private-car-stand-alone-od-saod-policy-irdan556rpmt0004v01202526"}