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MOTOR INSURANCE

S.V.SUBRAMONIAN

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Types Of Motor Insurance

Motor Insurance

Private Cars Two Wheelers Commercial Vehicles Misc Type Vehicles

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TYPES OF LOSSES

TYPES OF LOSSES

OW !"M"#E

Loss or a!a"e to t#e

$nsure% &e#$c'e

LI"$ILITY

Loss or a!a"e to T#$r%

Party

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Types Of Co&ers

L$a($'$ty On'y Co&er )T#$r% Party On'y*

Co!pre#ens$&e Co&er )O+n a!a"e ,

T#$r% Party*

- F$re L$a($'$ty Co&er

- T#eft L$a($'$ty Co&er

- F$re/ T#eft L$a($'$ty Co&er

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L$a($'$ty )T#$r% Party* Co&er

Pro&$%es co&era"e for

A'' t#e su!s +#$c# t#e $nsure% $s 'e"a''y '$a('e to

pay $n respect of %eat# or (o%$'y $n5ury to a person.

a!a"e to t#$r% party property up to an a!ount of

Rs. 6.7 'acs for pr$&ate car an% Rs. 8.9 'ac for t+o

+#ee'ers.

A'' t#e 'e"a' e0penses $ncurre% for %efen%$n" t#e

t#$r% party c'a$!.

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A%%$t$ona' Co&ers

T#e ot#er co&ers +#$c# t#e $nsure% can opt for are

Persona' Acc$%ent Co&er for O+ner r$&er +#$c# $s

co!pu'sory.

Persona' Acc$%ent Co&er for occupants as per seat$n"

capac$ty

Loss of Accessor$es.

Le"a' '$a($'$ty to pa$% %r$&er )As per :C Act.*.

L$a($'$ty to e!p'oyees

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Po'$cy Con%$t$on Cont%...; A'' ot#er parts $nc'u%$n" +oo%en parts $s to (e as per t#e fo''o+$n"

sc#e%u'e

"%e O& the vehicle < of eprec$at$on

Not e0cee%$n" = !ont#s N$'

E0cee%$n" = !ont#s (ut 'ess t#an 8 year 7 year (ut 'ess t#an ? years 87799 NA

2pto 76 CC NA Rs ?99

8 76 /364 CC NA Rs ?99

8364 5 964 CC NA Rs ?99

8 964 CC NA Rs =>9

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Rates For L$a($'$ty Co&era"eJs

Cont%...; T#$r% Party Property a!a"e )TPP* '$a($'$ty

$s Rs. 6/79/9994for pr$&ate car an%

Rs8/99/9994 for t+o +#ee'ers

; TPP L$a($'$ty can (e restr$cte%/ $n +#$c#

case t#ere +$'' (e a re%uct$on $n pre!$u! (y

Rs.899 for p&t. cars an% Rs.79 for >

+#ee'ers; M$% ter! c#an"es $n t#$s co&er $s not a''o+e%

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Rates For A%%$t$ona' Co&era"eJs O+ner r$&er PA co&er pr$&ate car Rs. 8994

O+ner r$&er PA co&er t+o +#ee'er Rs. 794

PA Co&er for passen"er - Pr$&ate CarRs. 74

per89)%epen%ant on seat$n" capac$ty*

Le"a' '$a($'$ty for pa$% %r$&er Rs. >74

L$a($'$ty for e!p'oyees - Pr$&ate Car Rs. >74 L$a($'$ty for e!p'oyees T+o +#ee'ers Rs. =94

3eo"rap#$ca' Area E0tens$on Rs. 7994

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Persona' Acc$%ent Co&er

Persona' Acc$%ent (enef$t co&ers

eat# 899< CSI

Loss of > '$!(s 899< CSI

Loss of 8 '$!( 79< CSI

Per!anent tota' $sa('e!ent 899< CSI

Pr$&ate Cars

O+ner r$&er Co!pu'sory for Rs. >/99/9994

Passen"ers Opt$ona' up to Rs. >/99/9994 per passen"er

T+o :#ee'er

O+ner r$&er Co!pu'sory for Rs. 8/99/9994

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$scounts

No C'a$! Bonus

Vo'untary e%uct$('es

Auto!o($'e Assoc$at$on Me!(ers#$p

Ant$ t#eft %e&$ces )Appro&e% (y Auto!o($'e

Researc# Assoc$at$on of In%$a*

an%$cappe% $scount

S$%e Car $scount

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No C'a$! Bonus - NCB

NCB $s a $scount On O+n a!a"ePre!$u! for c'a$! free years

NCB fo''o+s t#e fortunes of t#e $nsure%an% not t#e &e#$c'e NCB can (etransferre% fro! one car to anot#er caro+ne% (y t#e $nsure%

NCB $s not forfe$te% $n case t#e custo!ers#$fts to a %$fferent co!pany

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No C'a$! Bonus - NCB Cont%... T#e custo!er +$'' en5oy a #$"#er %$scount o&er t#e pre&$ous year

$n case t#ere $s no c'a$! reporte% %ur$n" t#e po'$cy per$o%

"ll Type O& Vehicles !iscount :

No c'a$! !a%e or pen%$n" %ur$n" prece%$n" fu'' yearof $nsurance

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