Standalone Own Damage Car Insurance

Overview

Introduced by IRDAI in 2019, this covers damage to your own car from accidents, theft, fire and natural or man-made disasters. It can only be bought alongside a valid third-party policy, since it doesn't include third-party liability cover itself — useful for car owners who already have the mandatory third-party cover and want to add own-damage protection on their own terms.

Highlights

• Covers your own car's damage — accident, theft, fire, natural disasters
• Requires an existing valid third-party policy to purchase
• Can be customised with optional add-ons