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This Policy is designed to cover the compulsory Third Party Liability as required by the Motor Vehicles Act, 1988 together with loss or damage to the vehicle itself.
Key Feature
A) Comprehensive Cover
This form of cover provides Insurance against Loss, destruction or damage to the insured vehicle caused by an insured event as stated in the policy wording.
Any liabilities as described in B) below.
Liability Only Cover This form of cover provides Insurance against Legal Liability to pay compensation for third-party injury or death arising out of the use of the insured vehicle.
Legal Liability to pay compensation for third-party property damage caused by the use of the insured vehicle
Compulsory Personal Accident for the owner-driver of the Insured Two-wheeler as per the policy terms and conditions.
Coverage
Third party liability: protects against any legal liability arising out of the use of the vehicle, towards third parties arising on bodily injury to / on death of a person and any damage caused to third party property.
Loss or damage to the vehicle: The Policy covers against any loss or damage caused to the vehicle or its accessories due to the following natural and man - made calamities.
Natural Calamities Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide.
Man-made Calamities Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, and any damage in transit by road, rail, inland waterway, lift, elevator or air.
Additional covers at extra cost
1. Additional Legal liabilities:
The following additional legal liabilities may also be opted for at an additional premium
Paid driver/conductor/cleaner employed in operation of vehicle.
Employees travelling in/driving the vehicle other than paid driver
2.Bifuel-Kit
The CNG-LPG bifuel kit can also be covered by paying additional premium
Exclusion
Any loss/damage to the vehicle and/or its accessories will not be covered if caused by the following-
Normal wear, tear and general ageing of the vehicle
Depreciation or any consequential loss
Mechanical/ electrical breakdown
Vehicle being used otherwise than in accordance with limitations as to use Damage to / by a person driving the vehicle without a valid license
Damage to / by a person driving the vehicle under the influence of drugs or liquor
Loss / damage due to war, mutiny or nuclear risk
Failures or breakage nor for damage caused by overloading or strain
Damage to accessories by burglary, housebreaking or theft unless the vehicle Insured is stolen at the same time.
