Tractors and other commercial robust vehicles are indispensable in any transportation system. Make sure that these sturdy, dependable vehicles are always ready to rule the roads. Ensure the most affordable, timely and professional care with HDFC ERGO.
We cover losses caused due to an accident to reduce the financial impact.
A comprehensive motor insurance plan will cover the loss or damage to your tractor against theft.
If you have comprehensive coverage, your vehicle will be covered for damages sustained due to calamities such as floods, earthquakes and landslides. We also cover your vehicle against manmade hazards such as riots.
Covers the cost of treatment of the driver. The occupants or passengers can also be covered but by paying a little extra premium.
Any accidental death or bodily injuries caused to the third party person by the policyholder.
The policy also covers all the damages done to the third party property or any kind of property.
We do not cover depreciation in the value of the tractor over time.
Any electrical or mechanical breakdowns remain uncovered under our Mis-D Tractor insurance policy.
Your Mis D Tractor insurance goes out of action if you do not possess a valid driving license. Driving under the influence of drugs/alcohol Read More...
Your Mis D Tractor insurance goes out of action if you do not possess a valid driving license. Driving under the influence of drugs/alcohol remains out of car insurance coverage scope.
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Quite simply, it's a discount in the Own Damage Premium payable when renewing your policy after a claim-free year. It is an incentive for driving carefully and avoiding accidents.
| All types of Vehicles | % of Discount on Own Damage premium |
|---|---|
| No claim made or pending during the preceding full year of insurance | 20% |
| No claim made or pending during the preceding 2 consecutive years of insurance | 25% |
| No claim made or pending during the preceding 3 consecutive years of insurance | 35% |
| No claim made or pending during the preceding 4 consecutive years of insurance | 45% |
| No claim made or pending during the preceding 5 consecutive years of insurance | 50% |
The Insured’s Declared Value (IDV) of the vehicle will be deemed to be the ‘SUM INSURED’ and it will be fixed at the commencement of each policy period for each insured vehicle.
The IDV of the
vehicle is to be fixed on the basis of the manufacturer’s listed selling price of the brand and the model of the vehicle proposed for insurance at the commencement of insurance /renewal and adjusted for depreciation
(as per schedule specified below). The IDV of the side car(s)
| AGE OF THE VEHICLE | % OF DEPRECIATION FOR FIXING IDV |
|---|---|
| Not exceeding 6 months | 5% |
| Exceeding 6 months but not exceeding 1 year | 15% |
| Exceeding 1 year but not exceeding 2 years | 20% |
| Exceeding 2 years but not exceeding 3 years | 30% |
| Exceeding 3 years but not exceeding 4 years | 40% |
| Exceeding 4 years but not exceeding 5 years | 50% |
Car Insurance 
Bike/Two Wheeler Insurance 
Health Insurance 
Pet Insurance 
Travel Insurance 
Home Insurance 
Cyber Insurance 
Third Party Vehicle Ins. 
Tractor Insurance 
Goods Carrying Vehicle Ins. 
Passenger Carrying Vehicle Ins. 
Compulsory Personal Accident Insurance 
Travel Insurance 
Rural 
Critical illness Insurance 
