Liberty General Insurance launches 1st of its kind innovative service ‘Liberty Assure’. The Motor(car) insurance customers who avail this service, are not required to pay the ‘Compulsory Deductible’ cost for each claim. In addition to this no premium will be charged from the buyers to provide this unique cost-effective feature at the time of raising a claim/loss.
- The service is a part of its existing Private Car Package Policy under the Regulatory Sandbox approval received from the Insurance Regulatory and Development Authority of India(Irdai).
Liberty Assure’s additional benefit, ‘Service Warranty’
i.The Liberty Assure will have an additional benefit which includes ‘service warranty’ for customers, covering all defects which arise from the repair of an accidental vehicle.
ii.The Company’s Preferred Provider Network (PPN) workshop will make such a loss good by providing the required repair or replacement of the defect at no additional cost.
iii.The service warranty will be available up to 6 months or 10000 kms and will be effective from the date of delivery of vehicle from Liberty’s PPN Workshop.
iv.If the customer avails the repair option at Liberty’s PPN workshops, they will also get some free value-added services such as pick-up & drop, exterior car wash among others.
Availability & Eligibility of the Liberty Assure
Eligibility– The customers who intimate their vehicle’s own damage partial loss claim(s) under Private car package policy during July 03, 2020 to December 31, 2020 will be eligible to avail the benefits, specified under this unique feature at only the company’s PPN workshops.
Availability- It will be available to the customers across eight locations- Delhi-NCR, Bangalore, Ahmedabad, Jaipur, Kolkata, Hyderabad, Mumbai, Chandigarh.
What is ‘Compulsory Deductible’?
It is a mandatory component of every auto insurance that is purchased for the private car. It is a fixed amount set by the car insurance company, which is deducted at the time of claims. It is determined based on the engine capacity of an individual’s private car.
About Liberty General Insurance:
Headquarters– Mumbai, Maharashtra
CEO and Whole Time Director– Roopam Asthana