Loss/damage to vehicle/accessories

By:
(a)     Accidental external means
(b)     Fire, External Explosion, Self-ignition.
(c)     Malicious Act.
(d)     Whilst in transit by Road, Inland waterway, lift or Elevator.
(e)     Burglary, House Breaking, Theft of accessories only when vehicle is stolen at same time.

Exclusion

(a)     Consequential loss, depreciation, wear and tear, mechanical and electrical breakdown, failure, breakage.

(b)     Damage to tyre unless vehicle is damaged at same time when cost of tyre upto 50% of cost replacement is only payable.

Cost of protection and Towing to workshop

Rs. 50/-

Authority to carry accident repair subject to estimate being submitted.

Rs. 50/-

Death/injuries to any person excluding where arising out of and in course of employment

All sum including claimant’s cost and expenses for which Insured shall become legally liable but excluding liability beyond limit of carriage way/throughfare/for loading-unloadingand also excluding person conveyed by Motor Cycle.

Damage to property other than insured/in control of insured

Area of use

Nepal and India

Limitation as to use

Use only for social domestic and pleasure purposes and for Insured’s business or profession.   Policy does not cover for hire or reward or organised racing pace-making reliability trail, speed testing, carriage of goods(other than samples) in connection with trade or business or use for any purpose in connection with Motor Trade.

Driver

Any person including Insured’s employee who is driving on Insured’s order/with his permission.  Provided person driving holds licence to drive Motor Cycle or has held and is not disqualified for holding/obtaining such licence.

Premium

Depend upon cc of Engine & IEV

Discount on Premium

(a)     Insured bearing excess O/D.
(b)     Fleet rebate.

Additional Perils covered at extra Premium

(a)     Riot & Strike
(b)     Earthquake

No Claims Bonus

Preceding    year – 15%
Preceding 2 year – 25%
Preceding 3 year – 30%