• Two Wheeler Package Policy
• Private Car Package Policy
• Commercial Vehicles Package Policy

Extension of Cover on payment of additional premium

Additional premium is payable to extend the cover under the Package and Liability Only policies in case of the following :

• The Geographical area may be extended to include :

a) Bangladesh b) Bhutan c) Nepal d) Pakistan e) Sri Lanka f) Maldives by charging additional premium of Rs. 500/- per vehicle in case of package policy and Rs.100/- per vehicle in case of Liability only Policy.

Discounts

The following are the discounts available on the premium payable.

• Vintage Cars - Cars manufactured prior to 31.12.40 and duly certified by the Vintage and Classic Cars Club of India :

A discount of 25% on the OD rates is available. Policies issued covering these vehicles are Agreed Value Policies.

• No Claim Bonus :

Ranging from 20% to 50% depending on the number of claim free years.

Liability only policy :

• Liability to third parties bodily injury and or death and property damage

• Personal accident cover for the owner driver for a specified sum insured

The following are payable under Section II of the Package Policy subject to the limit of liability laid down in the Motor Vehicles Act :

• The insured's legal liability for death / disability of third party

• Loss or damage to third party property

• Claimant's cost as decided by the court

Package Policy - Section I

Section I (Own Damage - OD) of Package Policy :

Section I of package policy covers loss or damage to the vehicle and / or accessories due to

We Cover

Motor vehicle which includes private cars Motorised Two wheelers and Commercial vehicles excluding vehicles running on rails.

Who can Insure ?

i· Owners of the vehicle Financiers or Lessee who have insurable interest in a motor vehicle.

Insured's Declared Value (IDV)

(a) In case of vehicle not exceeding 5 years of age the IDV has to be arrived at by applying the percentage of depreciation specified in the tariff on the showroom price of the particular make and model of the vehicle.