This policy covers all types of vehicles plying on public roads such as:- All types of Scooters, Motorcycles, Private Cars , Commercial vehicles As per the Motor Vehicles Act, 1988 it is mandatory for every owner of a vehicle plying on public roads, to take an insurance policy, to cover the amount, which the owner becomes legally liable to pay as damages to third parties as a result of accidental death, bodily injury or damage to property.
A Certificate of Insurance must be carried in the vehicle as a proof of such insurance.
|Liability only policy||This covers third party liability for bodily injury liability and / or death and property damage. Personal Accident cover for Owner-driver is also included.|
|Package policy||This cover loss or damage to the vehicle insured in addition to the above.|
No- claim discounts are available on renewal of policy, ranging from 20% to 50%
The policy covers the vehicle owner’s legal liability to pay compensation for:
Liability is covered for an unlimited amount in respect of death or injury and damage to third party property for Rs.7.5 lacs under Commercial vehicle and private and Rs. 1 lakh for Scooters / Motor Cycles.
In addition to the coverage under liability only, this policy covers loss or damage to the insured vehicle and its accessories due to:
A restricted cover is also available covering the risk of Fire and/or Theft only, in addition to the compulsory cover granted under “Liability Only Policy”. However the same is not available in case of vehicle ratable under Class D, Tariff for Miscellaneous and special types of vehicles.
The important exclusions under the policies are:
Please note above list is only indicative. They may call for additional documents/information or may arrange for our representative to verify the facts of the case if required.