Motor Third Party Liability

Subject To The Limits Of Liability As Laid Down In The Schedule Hereto The Company Will Indemnify The Insured In The Event Of An Accident Caused By Or Arising Out Of The Use Of The Vehicle Against All Sums Which The Insured Shall Become Legally Liable To Pay In Respect Of:

(I) Death Of Or Bodily Injury To Any Person Including Occupants Carried In The Vehicle (Provided Such Occupants Are Not Carried For Hire Or Reward) But Except So Far As It Is Necessary To Meet The Requirements Of Motor Vehicles Act, The Company Shall Not Be Liable Where Such Death Or Injury Arises Out Of And In The Course Of The Employment Of Such Person By The Insured.

(Ii) Damage To Property Other Than Property Belonging To The Insured Or Held In Trust Or In The Custody Or Control Of The Insured.