Comprehensive Passenger Carrying Insurance Offers Extensive Protection, Not Only Covering Damages To Third-Party Passengers But Also Including Damages To The Vehicle, The Driver, And The Medical Or Legal Costs Involved In An Accident. This Form Of Insurance Is Ideal For Those Who Want Peace Of Mind, As It Ensures Protection From A Wide Range Of Incidents And Risks, Including Accidents, Theft, Vandalism, And Natural Disasters. It's Especially Crucial For Public Transport Operators And Commercial Vehicle Owners Who Frequently Carry Passengers For A Fee.
"Third-Party Liability Only Plan With A Third-Party Liability Only Commercial Vehicle Insurance Plan, You Secure Your Commercial Or School Bus Against Damage, Loss Or Injury To Third-Party Property Or Person Due To Your Vehicle. Also, It Is Mandatory To Have At Least A Third-Party Insurance Policy In India. The Liability Only Plan Doesn't Offer The Option To Opt For Add-Ons And The Bus Insurance Price For This Plan Is Fixed By IRDAI."
ICICI Lombard General Insurance Offers A Comprehensive Commercial Vehicle Insurance Policy Tailored For Various Types Of Vehicles, Including School Buses. This Policy Provides Financial Protection Against Unforeseen Events That Could Lead To Significant Expenses
As Per The Motor Vehicles Act Of 1988, It Is Mandatory For All Commercial Vehicles To Have Insurance Coverage In India. Without This Insurance, You May Have To Pay Fines And Penalties. Commercial Vehicle Insurance Helps Protect A Business's Assets In Case Of An Accident Or Other Unexpected Event. This Helps Ensure The Continuity Of Operations And Minimises Financial Losses. This Insurance Can Be A Cost-Effective Solution As It Can Help Mitigate The Financial Impact Of An Accident Rather Than Having To Bear The Entire Cost Out Of Pocket. This Policy Typically Includes Liability Coverage, Which Can Help Cover The Costs Of Any Injuries Or Property Damage Caused By Accident Involving The Insured Vehicle. Apart From That, Your Policy Can Also Provide Personal Accident Coverage For The Driver And Owner Of The Vehicle.
Sign-in / Sign-up
