Enhanced protection cover seeks to fill the gap in insurance protection in the existing standard motor insurance covers
Future Generali India Insurance (Future Generali) has launched enhanced protection covers for motor vehicles, which are offered to high-end vehicles. However, these covers are applicable for vehicles across all segments – reported in myiris.com
The enhanced protection cover seeks to fill the gap in insurance protection in the existing standard motor insurance covers. At present, under the standard motor insurance policy, in the event of a loss, the insurance company deducts certain amount towards depreciation of the parts damaged.
As per the company, Future Generali has launched three different plans – Silver, Gold and Platinum. Under the Silver plan, the depreciation is protected. The Gold plan offers enhanced personal accident, protection for personal belongings and expenses for getting duplicate keys/change of lock in case of loss of keys, in addition to depreciation protection. The Platinum plan offers a broader spectrum covering everything under the Gold plan, plus daily allowance of up to INR3,000 a day, if the vehicle meets with an accident and is under repair.