MAGMA HDI General Insurance Co.Ltd.
Servicing Office of Insurer : 1ST FLOOR, SUN CITY HOUSE, OPP KOTAK MAHINDRA BANK,
MITHAKHALI SIX ROAD, NAVRANGPURA , Ahmedabad, Gujarat (State Code:24) -380006,
PH-- Website : https://magmahdi.com/
PAN : AAGCM1685C . GSTIN: 24AAGCM1685C1ZP Insurer's IRDA Registration Number: 149
Tollfree Helpline : 07930009940 Email: [email protected] CIN :
U66000WB2009PLC136327
STAND-ALONE OWN DAMAGE POLICY FOR PRIVATE CAR (UIN-IRDAN152RP0012V02201920) CUM RECEIPT
OD Policy No. : P0024200001/4114/807885 Policy Issued On : 15-MAR-2024 (15:31)
Insured Name : MRS. NITABEN DETROJA
Own Damage Period : 16-MAR-2024(00:00) To 15-MAR-2025 Motor Liability Period : 16-MAR-2023(00:00) To 15-MAR-2026(Midnight)
(Midnight)
Motor Liability Policy No : 0209003122P113305820 (UIIC)
Proposal No. & Date : PPVBU17134218, 15-MAR-2024
Insured Add. : 1708/1, SWAMI VIVEKANAND SOCIETY ANKLESHWAR , Previous Insurer : UIIC
ANKLESHWAR , GUJARAT (State Code:24) -393001 Previous Policy No. : 0209003122P113305820 16-MAR-2023 To 15-MAR-
2024
BROKER DETAILS
IRDA Lic. No. 375 CIN No. U50300MH1997PLC149349
Broker Category Composite Broker Validity 13-MAY-23 To 12-MAY-26
Name & Add. : TATA MOTORS INSURANCE BROKING AND ADVISORY SERVICES LTD, 1ST FLOOR, AFL HOUSE, LOK BHARTI COMPLEX, MAROL MAROSHI
ROAD, ANDHERI (EAST), MUMBAI - 400 059
Make Model Variant Killowatt Manufacturing Year Seating capacity
TATA MOTORS TIAGO EV TIAGO EV XZ+ 55 2023 5
Body Type Registration No. RTO Invoice Date Engine/Motor No. Chassis No.
MAT568001PKC266
HATCHBACK GJ 16 DK 1412 BHARUCH 16-MAR-2023 TZ180XS92AB23026270
02
Non-Elec.
Vehicle IDV CNG/LPG Kit Elec. Accessories Total IDV
Accessories
863,200 0 0 0 863,200
PAYMENT DETAILS
Premium Paid : 21388 Cheque No. : 113214742789 Cheque Date: 15-MAR-2024
Bank Name : PAYLINK Bank City :
For & On Behalf of MAGMA HDI General Insurance Co.Ltd.
Dealer Code : SHRADDHA MOTORS PVT LTD - 300222000
Authorized Signatory
In case of any claim or assistance required please contact our help line at 1800 209 0060 and you may also reach us at [email protected]
MAGMA HDI General Insurance Co.Ltd.
Servicing Office of Insurer : 1ST FLOOR, SUN CITY HOUSE, OPP KOTAK MAHINDRA BANK,
MITHAKHALI SIX ROAD, NAVRANGPURA , Ahmedabad, Gujarat (State Code:24) -380006,
PH-- Website : https://magmahdi.com/
PAN : AAGCM1685C . GSTIN: 24AAGCM1685C1ZP Insurer's IRDA Registration Number: 149
Tollfree Helpline : 07930009940 Email: [email protected] CIN :
U66000WB2009PLC136327
STAND-ALONE OWN DAMAGE POLICY FOR PRIVATE CAR (UIN-IRDAN152RP0012V02201920) CUM RECEIPT
OD Policy No. : P0024200001/4114/807885 Policy Issued On : 15-MAR-2024 (15:31)
Insured Name : MRS. NITABEN DETROJA
Own Damage Period : 16-MAR-2024(00:00) To 15-MAR-2025 Motor Liability Period : 16-MAR-2023(00:00) To 15-MAR-2026(Midnight)
(Midnight)
Motor Liability Policy No : 0209003122P113305820 (UIIC)
SCHEDULE OF PREMIUM (AMOUNT IN RS.)
Own Damage Premium (A)
Basic Premium Deductibles
Vehicle 9,641 Voluntary Deductibles (0) (IMT-22A) 0
Non-Elec. Accessories 0 Anti Theft Device (IMT-10) 0
Elec. Accessories (IMT-24) 0 AA Membership (IMT-8) 0
CNG/LPG Kit (IMT-25) 0 No Claim Bonus (20%) 1,929
Sub Total (Basic Premium) 9,641 Handicapped Discount (0%) 0
Geographical Area Extension (IMT-1) 0 Sub Total (Deductibles) 1,929
IMT 23 Premium 0
Add On Coverages (Refer Note 5) 10412
Sub Total-Addition 20,053 Net Own Damage Premium (A) 18,124
Note: .Warning that in case of dishonour of the premium cheque, this document stands
automatically cancelled 'ab-initio
Total Premium (A) 18124
> Consolidated stamp duty paid to state exchequer. CGST (9%) 1632
> The policy is subject to compulsory deductible of Rs.1000 (IMT-22) SGST (9%) 1632
> The insurance company will display terms & conditions on its website
https://magmahdi.com/ which can
be accessed by you online.
>Addon Opted: Battery Secure,SILVER AND RTI EAST WEST SOUTH REGION,
*Subject to IMT Endt. Nos.& Memorandum:7,22 Gross Premium Paid 21388
EX-SHOWROOM PRICE : 1079000
Addon Unique Identification Number (UIN) Details Add On Premium
Consumables IRDAN149RP0001V01201920/A0003V01202223 1
Nil Depreciation IRDAN149RP0001V01201920/A0009V01201920 3022
Road Side Assistance IRDAN149RP0001V01201920/A0003V01201920 51
BATTERY COVER 5180
Return To Invoice IRDAN149RP0001V01201920/A0008V02201920 2158
Hypothecation Details: BANK OF BARODA - ANKLESHWAR - BHARUCH
MISP Name: SHRADDHA MOTORS PVT LTD, MISP PAN No: AAKCS4483N, MISP Code: TMIBASL/MISP/AAKCS4483N
SAC:997134, Description of Service :Motor Vehicle Insurance Services, Place of Supply :GUJARAT(State Code:24), Receipt No/Invoice No:POL2403240005402
For & On Behalf of MAGMA HDI General Insurance Co.Ltd.
Dealer Code : SHRADDHA MOTORS PVT LTD - 300222000
Authorized Signatory
In case of any claim or assistance required please contact our help line at 1800 209 0060 and you may also reach us at [email protected]
MAGMA HDI General Insurance Co.Ltd.
Servicing Office of Insurer : 1ST FLOOR, SUN CITY HOUSE, OPP KOTAK MAHINDRA BANK,
MITHAKHALI SIX ROAD, NAVRANGPURA , Ahmedabad, Gujarat (State Code:24) -380006,
PH-- Website : https://magmahdi.com/
PAN : AAGCM1685C . GSTIN: 24AAGCM1685C1ZP Insurer's IRDA Registration Number: 149
Tollfree Helpline : 07930009940 Email: [email protected] CIN :
U66000WB2009PLC136327
STAND-ALONE OWN DAMAGE POLICY FOR PRIVATE CAR (UIN-IRDAN152RP0012V02201920) CUM RECEIPT
OD Policy No. : P0024200001/4114/807885 Policy Issued On : 15-MAR-2024 (15:31)
Insured Name : MRS. NITABEN DETROJA
Own Damage Period : 16-MAR-2024(00:00) To 15-MAR-2025 Motor Liability Period : 16-MAR-2023(00:00) To 15-MAR-2026(Midnight)
(Midnight)
Motor Liability Policy No : 0209003122P113305820 (UIIC)
The policy covers use of the vehicle for any purpose other than (1) Hire or Reward (2) Carriage of
LIMITATIONS AS TO
goods (other than samples or personal luggage) (3) Organized racing (4) Pace making (5) Speed
USE testing (6) Reliability trials (7) Any purpose in connection with motor trade.
Any person including the insured: Provided that the person driving holds an effective driving license
at the time of the accident and is not disqualified from holding or obtaining such license. Provided
DRIVER’S CLAUSE also that the person holding an effective learners license may also drive the vehicle & that such a
person satisfies the requirements of Rule 3 of the Central Motor Vehicle Rules, 1989.
The insured is entitled for a No Claim Bonus (NCB) on the own damage section of the policy, if no
claim is
made or pending during the preceding year(s)-20%, preceding two consecutive years-25%, preceding
NCB Clause three consecutive
years-35%, preceding four consecutive years-45%, preceding five consecutive years-50% of NCB on
OD Premium. NCB is
allowed provided the policy is renewed within 90 days of the expiry date of the previous policy.
Own Damage Cover is subject to a valid Third Party Policy.
Own Damage Cover This policy covers damages to vehicle only and not the Third Party losses. Third Party cover is ta
ken by the customer in
Clause previous policy, details of which are as per the customer declaration only. Customer needs to ens
ure that there is a valid TP
The insured is not indemnified if the vehicle is used or driven otherwise than in accordance with the
schedule. Any payment made by the company by reasons of wider terms appearing in the certificate
IMPORTANT NOTICE in order to comply with the Motor Vehicle Act, 1988 is recoverable from the insured. See the clause
headed “AVOIDANCE OF CERTAIN TERMS & RIGHT OF RECOVERY”. For legal interpretation English
version will hold good.
This Schedule, the attached Policy and Endorsements mentioned herein above shall read together
and word or expression to which a specific meaning has been attached in any part of this policy or of
the Schedule shall bear the same meaning wherever it may appear. Any
amendments/modifications/alterations made on this system generated policy document is not valid
NOTE and Company shall not be liable for any liability whatsoever arising from such changes. Any changes
required to be made in the policy once issued would be valid and effective, only after written request
is made to the Company and Company accepts the requested amendments/modifications/alterations
and records the same through separate endorsement to be issued by the company.
In Witness whereoff this policy has been signed at BHARUCH on 15-MAR-2024 15:31
MAGMA HDI General Insurance Co.Ltd.
Servicing Office of Insurer : 1ST FLOOR, SUN CITY HOUSE, OPP KOTAK MAHINDRA BANK,
MITHAKHALI SIX ROAD, NAVRANGPURA , Ahmedabad, Gujarat (State Code:24) -380006,
PH-- Website : https://magmahdi.com/
PAN : AAGCM1685C . GSTIN: 24AAGCM1685C1ZP Insurer's IRDA Registration Number: 149
Tollfree Helpline : 07930009940 Email: [email protected] CIN :
U66000WB2009PLC136327
STAND-ALONE OWN DAMAGE POLICY FOR PRIVATE CAR (UIN-IRDAN152RP0012V02201920) CUM RECEIPT
OD Policy No. : P0024200001/4114/807885 Policy Issued On : 15-MAR-2024 (15:31)
Insured Name : MRS. NITABEN DETROJA
Own Damage Period : 16-MAR-2024(00:00) To 15-MAR-2025 Motor Liability Period : 16-MAR-2023(00:00) To 15-MAR-2026(Midnight)
(Midnight)
Motor Liability Policy No : 0209003122P113305820 (UIIC)
PRIVATE CAR PACKAGE POLICY: ADD ON COVERS
"
In consideration of the payment of an additional premium as specified and shown in the Schedule, the Company will re-imburse the
Insured, the amount of depreciation deducted on the value of parts which were allowed to be replaced for own damage claim lodged
under Section 1 of the Policy, provided always that this add-on will not apply to TOTAL LOSS, CONSTRUCTIVE TOTAL LOSS or THEFT OF THE
INSURED VEHICLE. the insured vehicle is repaired with prior authorization of the Company. Subject otherwise to the terms exceptions
conditions and limitations of this Policy.
"
"
In consideration of the payment of an additional premium as specified and shown in the Schedule, it is hereby declared and agreed that in
case of the following events of TOTAL LOSS, CONSTRUCTIVE TOTAL LOSS OR THEFT OF THE INSURED VEHICLE, despite whatever is
mentioned as IDV of the vehicle in the Policy schedule, the Company will : Pay the Invoice value for, or replace with, a NEW vehicle of same
make and model (or a similar model with similar specification available locally in India, in case the insured model is unavailable in India),
Pay the Original customs duty, if any, OR the customs duty applicable for the new vehicle- whichever is less, Pay the Registration charges
and Road-Tax applicable for the RTO as per the Motor Policy on which the claim is lodged, Subject otherwise to the terms exceptions
conditions and limitations of this Policy.
"
Cover for Consumables
In consideration of the payment of an additional premium by the Insured, it is hereby agreed and declared subject to the terms,
exceptions, conditions and limitations of the Policy that Company hereby extends the Policy, to cover expenses incurred by the Insured
towards consumable items in the event of damage to the vehicle insured and/or its accessories, arising out of perils covered under the
Policy. For the purpose of this endorsement, consumable items will mean nut and bolt, screw, washers, grease, lubricants clips, Gear box
oil, ac gas, bearings, distilled water, engine oil, oil filter, fuel filter, and break oil. Conditions Applicable: 1. Claim under section 1 of the Policy
must be valid and admissible 2. The vehicle is repaired in a garage / workstation post the approval by our authorized surveyor. If the vehicle
is repaired / replaced at any other place without the authorization of our surveyor, the incident will be treated as a separate claim and the
No Claim Bonus and excess will be affected. Specific Exclusions: 3. Damage caused by an uninsured peril. 4. Manufacturing defects. This
cover is available only for vehicles up to 10 years old that are currently being manufactured and are not obsolete.
Battery Secure:
In consideration of payment of an additional premium by the Insured, it is hereby agreed and declared that notwithstanding anything to the
contrary contained in the Policy, the insurance company hereby undertakes to indemnify the Insured for expenses incurred in repair or
replacement and any other associated charges due to unexpected power surge while charging the battery and consequential damages
arising out of water ingression/Short circuit causing loss or damage to battery, drive Motor/electric Motor and HEV (Hybrid electric vehicle)
system and parts forming part of or taken & fitted separately to the insured vehicle.
MAGMA HDI General Insurance Co.Ltd.
Servicing Office of Insurer : 1ST FLOOR, SUN CITY HOUSE, OPP KOTAK MAHINDRA BANK,
MITHAKHALI SIX ROAD, NAVRANGPURA , Ahmedabad, Gujarat (State Code:24) -380006,
PH-- Website : https://magmahdi.com/
PAN : AAGCM1685C . GSTIN: 24AAGCM1685C1ZP Insurer's IRDA Registration Number: 149
Tollfree Helpline : 07930009940 Email: [email protected] CIN :
U66000WB2009PLC136327
STAND-ALONE OWN DAMAGE POLICY FOR PRIVATE CAR (UIN-IRDAN152RP0012V02201920) CUM RECEIPT
OD Policy No. : P0024200001/4114/807885 Policy Issued On : 15-MAR-2024 (15:31)
Insured Name : MRS. NITABEN DETROJA
Own Damage Period : 16-MAR-2024(00:00) To 15-MAR-2025 Motor Liability Period : 16-MAR-2023(00:00) To 15-MAR-2026(Midnight)
(Midnight)
Motor Liability Policy No : 0209003122P113305820 (UIIC)
1. For the purpose of this add-on, ‘Consequential Damage’ would mean “the damage more specifically expressed hereinabove caused to an
insured vehicle not arising directly from an insured peril but as a direct consequence to the same”.
2. Battery would mean an electric-vehicle battery (EVB) (also known as a traction battery) is a battery used to power the electric motors of a
battery electric vehicle (BEV) or hybrid electric vehicle (HEV). These batteries are usually rechargeable batteries and are typically lithium-
ion batteries. These batteries are specifically designed for a high ampere-hour (or kilowatt-hour) capacity. Electric-vehicle batteries differ
from starting,lighting, and ignition (SLI) batteries as they are designed to give power over sustained periods of time and are deep-cycle
batteries.
3. Drive Motor/electric Motor is a motor which is fitted on the axles which converts electric energy into mechanical energy.
4. HEV (Hybrid electric vehicle) system - The HEV system contains of Electric motor, DC/DC step down converter, electric generator &
power electronics controller
5. In case of an accident, payment under this add-on would be made only when there is evidence of impact damage to the Battery and
resulting into damage to covered parts as mentioned above.
6. In case of short circuit while mounting, dismounting or vehicle in charging port resulting into damage/failure to covered parts as
mentioned above
Coverage terms
• The Add-on is applicable for maximum of 5 years from the date of sale of a brand-new EV / HEV
• In case battery swapping facility availed by the policyholder the coverage will be provided subject to their agreement with the service
provider
• There is no capping on number of claims in a policy period unless otherwise stated in the policy schedule
Exclusions
1. Any claim where the subject matter of claims is covered under manufacturer’s warranty
2. Goodwill compensation and costs incurred in the recall campaigns of the manufacturer
3. Any Claim reported after 30 days shall not be covered
4. Any claim where battery or charger used are not Authorized by OEM
5. Any claim where the repair has been carried out without prior approval from the company.
6. Any claims related to loss or damage due to ageing, depreciation, Wear and Tear
7. Any claim where charging is not done as per OEM’s specification
MAGMA HDI General Insurance Co.Ltd.
Servicing Office of Insurer : 1ST FLOOR, SUN CITY HOUSE, OPP KOTAK MAHINDRA BANK,
MITHAKHALI SIX ROAD, NAVRANGPURA , Ahmedabad, Gujarat (State Code:24) -380006,
PH-- Website : https://magmahdi.com/
PAN : AAGCM1685C . GSTIN: 24AAGCM1685C1ZP Insurer's IRDA Registration Number: 149
Tollfree Helpline : 07930009940 Email:
[email protected] CIN :
U66000WB2009PLC136327
STAND-ALONE OWN DAMAGE POLICY FOR PRIVATE CAR (UIN-IRDAN152RP0012V02201920) CUM RECEIPT
OD Policy No. : P0024200001/4114/807885 Policy Issued On : 15-MAR-2024 (15:31)
Insured Name : MRS. NITABEN DETROJA
Own Damage Period : 16-MAR-2024(00:00) To 15-MAR-2025 Motor Liability Period : 16-MAR-2023(00:00) To 15-MAR-2026(Midnight)
(Midnight)
Motor Liability Policy No : 0209003122P113305820 (UIIC)
8. Any claim where usage of vehicle/battery is not as per owner’s manual
9. Gradual capacity loss of the battery & degree of degradation of battery is not covered if battery’s state of health (SOH) is not as per below
table OR as per OEM’s specification, whichever is higher
AGE Band State of Health (SOH Level) 0-1 97% 1-2 95% 2-3 93% 3-4 90% 4-5 88%
10. This cover shall not apply if the car or any part thereof is repaired or altered otherwise than in accordance with the standard repair
procedure or by any Modification, Alteration, Dis-assembly, Repair or Replacement by unauthorized person/repairer
Subject otherwise to the terms, exceptions, conditions and limitations of this Policy.
