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Private
Car Insurance Policy |
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This insurance policy can be used for any light
motor vehicle used for social or domestic purposes as well as business and
pleasure of the insured.
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Suitable for...
Risk Covered
Compensation Offered
Exclusions
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Suitable
for... |
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The insurance policy is essential for the owners
of the motor vehicle, individual or corporate parties as well as the financiers
who might have an insurable interest in the vehicle.
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Risk
Covered |
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This insurance policy protects the motor vehicle
from loss or damage
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By fire, lightning, self-ignition, explosion, burglary,
housebreaking or theft.
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Riot or strike.
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Flood, earthquake, cyclone or inundation.
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Transit by road, air, elevators or lifts.
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Liability for third party's injury or death,
third party property and towards the paid driver too.
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Loss or damage to electrical/ electronic
accessories, personal accident cover for the driver and passengers is also
available after paying additional premium.
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Compensation
Offered |
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This insurance policy will grant
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Own Damage |
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Amount spent on repairs/ replacement based on actuals, sum
insured and depreciation.
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Garaging and towing charges below Rs.1,000/-
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Damage to tyres (where vehicle is also damaged) up to
50 percent of the replacement cost.
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Market value or sum insured, whichever is less in case of
total loss.
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Act Liability
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Unlimited liability towards death or bodily injury towards
third party.
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Unlimited liability towards death or bodily injury towards
any person present inside the vehicle, provided they are not employees of the
insured nor are being carried for a fee or reward.
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Liability towards the paid driver as per the Workmen's
Compensation Act.
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Costs and expenses incurred with the firm's written consent.
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In case of death of the insured/ any person entitled to
indemnity or a liability incurred under the policy, his representative will be
indemnified as in the case of the insured, if he observes the same conditions
as the insured himself.
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Exclusions |
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This insurance policy will never pay any claims
arising from
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Consequential losses, depreciation, wear and tear,
mechanical and electrical breakdown, failure or breakage.
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When vehicle is used outside the geographical area; when
used contrary to limitation as to use driven by a person other than the driver
stated in driver’s clause.
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War or nuclear perils and drunken driving.
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