• Introduction
  • What’s Included
  • What’s not Included?
  • Why Choose HDFC ERGO?
  • FAQs

Tractor & Other commercial vehicles

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.

What’s Included?

cov-acc

Accidents

We cover losses caused due to an accident to reduce the financial impact.

cov-acc

Burglary

A comprehensive motor insurance plan will cover the loss or damage to your tractor against theft.

cov-acc

Calamities

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.

cov-acc

Personal Accident Cover

Covers the cost of treatment of the driver. The occupants or passengers can also be covered but by paying a little extra premium.

cov-acc

Third Party Person Liability

Any accidental death or bodily injuries caused to the third party person by the policyholder.

cov-acc

Third Party Property Liability

The policy also covers all the damages done to the third party property or any kind of property.

What's Not Included?

cov-acc

Depreciation

We do not cover depreciation in the value of the tractor over time.

cov-acc

Electrical & Mechanical Breakdown

Any electrical or mechanical breakdowns remain uncovered under our Mis-D Tractor insurance policy.

cov-acc

Illegal Driving

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...

Why HDFC ERGO?

Secured 1 Crore+ Smiles!

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.
Why HDFC ERGO?

All the support you need 24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.
Why HDFC ERGO?

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements seamlessly, by providing wide range of plans and add on covers for every portfolio.
Why HDFC ERGO?

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.
Why HDFC ERGO?

Awards

We have received the Best Customer Experience Award of the Year and excellence in financial reporting for the year 2016.
Why HDFC ERGO?

Secured 1 Crore+ Smiles

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.

All the support you need-24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements seamlessly, by providing wide range of plans and add on covers for every portfolio.

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.

Awards

We have received the Best Customer Experience Award of the Year and excellence in financial reporting for the year 2016.

Frequently asked questions

Comprehensive insurance policy provides protection to your vehicle due to any impact damage, fire, theft, earthquake etc. In addition to this, it provides cover against any third party liability in term of death, bodily injury and third party property damage.
As per Law, only third patry of liability only policy is required without which one cannot use the vehicle on road. However, under third party of liability only policy, any damage to your vehicle due to fire, theft, earthquake, terrorism etc is not covered and it could result into a huge financial loss. Therefore, it is recommended to buy a comprehensive cover as it provides financial protection along with protection from third party liability.
There are two type of insurance policies - comprehensive and liability only policy.
Yes, the Motor Vehicle Act states that every motor vehicle plying on the road has to be insured, with a Liability Only policy at the very least.

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 insurance20%
No claim made or pending during the preceding 2 consecutive years of insurance25%
No claim made or pending during the preceding 3 consecutive years of insurance35%
No claim made or pending during the preceding 4 consecutive years of insurance45%
No claim made or pending during the preceding 5 consecutive years of insurance50%
No Claim Bonus is valid upto 90 days from the previous policy expiry date. If the policy is not renewed within 90 days, No Claim Bonus will become 0% and no benefit shall be passed on to the renewed policy.

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) and / or accessories, if any, fitted to the vehicle but not included in the manufacturer’s listed selling price of the vehicle is also likewise to be fixed.

 

AGE OF THE VEHICLE% OF DEPRECIATION FOR FIXING IDV
Not exceeding 6 months5%
Exceeding 6 months but not exceeding 1 year15%
Exceeding 1 year but not exceeding 2 years20%
Exceeding 2 years but not exceeding 3 years30%
Exceeding 3 years but not exceeding 4 years40%
Exceeding 4 years but not exceeding 5 years50%
No paperwork and physical documentation is required and you will get instant policy.
Existing insurance policy can be transferred in the name of buyer by passing an endorsement. Supporting documents like sale deed/form 29/30/NOC of seller/NCB recovery shall be required to pass an endorsement under the existing policy. or You may cancel the existing policy. Supporting documents like sale deed/form 29/30 shall be required to cancel the policy.
Existing vehicle has to be sold off basis which NCB reserving letter would be issued by existing insurer. Basis NCB reserving letter this benefit can be transferred to the new vehicle to avail the continuity benefits.
You need to approach the insurer with supporting documents for transfer of insurance. Supporting documents would include sale deed/form 29/30/NOC of seller.
You may register a claim either on HDFC ERGO’s website or via call centre.
Awards & Recognition
x