Loss/damage to vehicle/accessories

By:
(a)     Accidental external means
(b)     Fire, External Explosion, Self-ignition/Frost
(c)     Malicious Act.
(d)     Whilst in transit by Road, Rail, Inland waterway, lift or Elevator
(e)     Burglary, House Breaking, Theft.

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 of replacement is only payable.

Cost of protection and Towing to Workshop

Rs. 500/- in city and Rs. 1000/- out of city

Authority to carry accident repair subject to estimate being submitted

Rs. 300/-

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

All sum including claimant’s cost and expenses for which Insured shall become legally liable.

Damage to propery other than Insured/in control of Insured

Area of use

Nepal, India, Bhutan and Bangladesh

Limitation as to use

Use only for social domestic and pleasure purposes and for Insured’s business.  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 any trade or business or use for any purpose in connection with Motor Trade.

Driver

Any person provided that person driving holds licence to drive Motor Car or has held and is not disqualified for holding or obtaining such licence.

Premium

Depend upon cc of Engine & IEV(Extra Electical Electronic items to be declared)

Discount on Premium

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

Additional Perils covered at extra Premium

(a)     Riot & Strike
(b)     Flood
(c)     Earthquake
(d)     P/A benefits to occupants/driver.

No Claims Bonus

Preceding   year – 20%
Preceding 2 year – 30%
Preceding 3 year – 45%
Preceding 4 year – 50%
Preceding 5 year – 60%