Frequently Asked Questions

PolicyAssured provides:

• Multiple insurer options in one place
• Expert guidance for the right coverage
• Best-in-market premium quotes
• 100% assistance during claims

PolicyAssured offers:

• Third-Party Liability Insurance
• Comprehensive Insurance (Own Damage + Third-Party)

With optional add-ons for enhanced safety.

It includes:

• Accidental damage
• Fire, theft & burglary
• Natural calamities (flood, cyclone, earthquake, etc.)
• Third-party legal liability
• Personal Accident (PA) cover for the owner/driver

PolicyAssured ensures your coverage matches your vehicle’s usage.

Common exclusions:

• Driving without licence or under intoxication
• Mechanical/electrical breakdown
• Normal wear & tear
• Commercial misuse or overloading
• Consequential losses

PolicyAssured helps you understand exclusions clearly before purchase.

Passengers and helpers are covered only if you add Paid Driver/Helper Personal Accident Cover.

PolicyAssured helps you add these covers when required.

• RC Copy
• Previous policy (if renewal)
• ID proof
• Commercial permit (if needed)
• Fitness certificate (for older vehicles)

Premium is based on:

• Vehicle type, age & model
• IDV (Insured Declared Value)
• Coverage type (TP/Comprehensive)
• Add-ons chosen
• Driving location & usage
• NCB (No Claim Bonus)

PolicyAssured automatically compares all this to get the lowest premium.

IDV (Insured Declared Value) is the current market value of your LCV. It determines your premium and maximum claim amount in case of total loss or theft. PolicyAssured helps you pick the ideal IDV for maximum benefit.

Yes. NCB belongs to the policyholder and can be transferred to your new LCV. PolicyAssured applies this automatically to reduce your premium.

Popular add-ons include:

• Zero Depreciation Cover
• Engine Protection Cover
• Return to Invoice
• Roadside Assistance
• Consumable Cover
• Personal Accident Cover for Driver/Helper

PolicyAssured provides complete end-to-end help:

• Inform us or your insurer immediately
• Submit photos/videos of the damage
• File FIR (if required)
• Surveyor inspection
• Repairs at network garage
• Claim settlement assistance

Your vehicle becomes uninsured, attracting penalties and risk. PolicyAssured helps you instantly renew—even if an inspection is required.

Yes. With PolicyAssured, you can renew instantly with:

• Quick quotes
• Instant policy download
• Expert renewal assistance

All types of light commercial vehicles:

• Goods carriers
• Pickup vans
• Food delivery vans
• Courier vans
• Small trucks
• Mini tempo vehicles
• E-LCVs