Tata Motors Triple Benefit Insurance scheme for truck range
India’s major auto manufacturers, Tata Motors, have introduced an exclusive Triple Benefit Insurance scheme for their range of M&HCV, ICV & LCV Trucks and Tippers. This scheme is solely designed to offer customers of commercial vehicles with complete protection from loss of time and income due to any sort of accidents.
Under Depreciation Waiver/Zero Depreciation Cover, the insurance company will not be taking into account depreciation on replaced parts as is seen in the case of other policies and will not be deducting any depreciation amount from the said claim.
New Vehicle Replacement Cover takes into account and pays total loss of vehicle and as against other insurance companies which only pay the Insured Declared Value (IDV) of the policy. The third policy of Loss of Income/Vehicle Hire Cost ensures that the insured is reimbursed substantially for all possible loss of income in the event of an accident wherein the vehicle is damaged or a total write off.