Motor insurance is expanding beyond accident cover, with new policies now addressing risks such as vehicle relocation, cyber incidents, mechanical breakdowns, and EV battery damage. Here’s what the latest motor insurance product called, ProShield and VPAY by Bajaj General Insurance, offer to cover.
Two newly launched motor insurance products are aimed at different sets of vehicle owners: ProShield, designed for defence personnel, and VPAY 2.0, which brings together protection for connected, electric, hybrid and technology-enabled vehicles.
ProShield offers motor cover tailored to defence personnel
Defence personnel often navigate a lifestyle shaped by frequent relocations, operational commitments, and extended separation from their families. ProShield is a dedicated solution designed to address the unique challenges of military life, delivering protection, convenience, and dependable financial support wherever duty takes them.
Key features of ProShield include:
- Vehicle Relocation Protection, including policy extension for vehicles transported in a licensed carrier between postings and No Claim Bonus protection for eligible accidents during carrier transit where the insured is not at fault.
- Travel Emergency Protection with reimbursement for missed flights and hotel accommodation expenses arising from a vehicle accident while travelling to the airport, subject to policy terms and conditions.
- Document Loss Protection providing financial assistance towards replacement of essential vehicle documents such as the Driving Licence and Registration Certificate for the insured and spouse.
- Dedicated priority assistance, personalised claims support and access to a nationwide network of more than 7,300 garages.
- In-built financial protection with Zero Depreciation with unlimited claims, waiver of deductible, Roadside Assistance, Tyre Cover, Rim Cover, Rodent Damage Cover, Towing Cover, Geographical Extension, Rally Cover and Accessories Cover.
As vehicles become increasingly connected, software driven and technologically advanced, customers also expect motor insurance to evolve beyond conventional accident-related protection.
“Our defence personnel serve wherever the nation requires them to be. Their vehicles often travel as much as they do, moving across postings and geographies, creating requirements that go beyond a conventional motor policy. ProShield has been designed with these realities in mind, offering protection that supports the unique demands of defence life,” says Tapan Singhel, MD & CEO, Bajaj General Insurance.
VPAY 2.0 brings connected vehicle and cyber risk protection under one policy
VPAY 2.0 addresses the changing realities of vehicle ownership through protection for evolving vehicle technologies and digitalization, emerging risks, changing fuel types, and modern mobility needs.
The enhanced offering introduces several industry-leading features, including:
- Protection against emerging risks, including cyber-related incidents impacting connected vehicles and theft of funds resulting from covered cyber events.
- Coverage for fuel adulteration and compatibility with evolving fuel technologies.
- Coverage against unexpected mechanical and electrical breakdowns beyond accidental damage.
- Smart Repair, allowing customers to report multiple minor damages such as scratches and paint chips together during the policy period for greater convenience.
- Coverage for restoring smart vehicle systems, recalibration of Advanced Driver Assistance Systems (ADAS) cameras and sensors following repairs, helping restore vehicle safety features.
Electric and hybrid vehicles get dedicated protection
VPAY 2.0 offers comprehensive protection for electric and hybrid vehicles, including traction battery replacement benefits as per policy terms.
The other benefits include 100% waiver of depreciation with no claim limit, waiver of deductible, comprehensive vehicle replacement benefits, theft of parts after breakdown or accident, consequential loss protection extending beyond engine damage, legal defence cost cover and integrated 360-degree protection under a single solution.
“VPAY 2.0, on the other hand, reflects the changing nature of modern vehicles by bringing together protection for emerging risks, evolving technologies and a broad range of covers under a single offering, making motor insurance simpler and more relevant for today's vehicle owners,” says Singhel.
The features highlighted in the launch announcement do not necessarily mean every benefit will apply in every situation. Customers should check the sum insured, deductibles, claim limits, exclusions, waiting or eligibility conditions, geographical restrictions and specific terms attached to each cover before purchasing.
