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| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large Cap | 0.25% |
| Axis Nifty 500 Index Fund | — | Invest Now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest Now | Equity: Mid Cap | 0.28% |
What is emergency hotel accommodation cover?
Emergency hotel accommodation cover provides reimbursement for hotel costs if your car breaks down or gets involved in an accident during a trip.
If you’re stranded away from home, this feature ensures you won’t have to bear the financial burden of staying overnight in an unfamiliar city.
How does it work?
When a breakdown or accident occurs far from home, policyholders can use this cover for lodging. However, it’s important to know the specific terms.
A look at add-ons available
| Insurance provider | Coverage details |
| Zurich Kotak General Insurance | Covers hotel stay expenses when the vehicle breaks down or is involved in an accident far from home. |
| Reliance General Insurance | Reimburses hotel accommodation costs if the car breaks down or is involved in an accident away from the registered address. |
| Tata AIG General Insurance | Covers hotel stay and transport expenses if the car breaks down, with one day’s accommodation provided to reach the closest destination. |
Who can benefit?
This coverage is beneficial for long-distance travellers, business travellers, or people frequently driving in unfamiliar areas.
What are the limitations?
Policies may have limits on the amount reimbursed per night or the total number of nights covered.
Not all breakdowns or accidents may qualify for reimbursement. For example, minor breakdowns or incidents occurring in specific regions may not be covered.
The feature is usually an add-on, meaning it may increase the overall cost of your car insurance policy.
Some policies may only offer this cover in certain areas or for specific types of coverage (e.g., accidents but not mechanical breakdowns).
Is it worth adding?
Emergency hotel accommodation cover is an optional add-on that can provide financial relief if you’re stranded due to a car breakdown or accident while travelling. Whether it is worth adding depends on your driving habits and travel frequency.
If you often drive long distances or on unfamiliar routes, this cover may be useful, especially if you’re concerned about the possibility of being stranded overnight.
However, if you are mostly driving within your local area, the likelihood of needing this cover may be lower.
Additionally, consider the cost of the add-on. While it can be an affordable option for many, it may increase your insurance premium slightly.
(Edited by : Shoma Bhattacharjee)
