Liability Only Policy

Driving vehicle without the mandatory Third Party insurance is against the law. When you drive any vehicle on the road, Motor Vehicles Act requires you to have your vehicle insured at least for Third Party Risk. It is not only illegal but also exposes you to huge financial liability in case in an unfortunate accident involving your vehicle someone gets injured leading to his death, disability etc. because as per law you are liable to compensate the third party and his dependents for the financial and other losses caused by your vehicle. It is therefore important for you not to drive your vehicle without Third Party insurance.

Applicability:
Any registered vehicle owner is eligible for this insurance.

Scope of Cover:
Important features of this insurance policy are as follows;

Third party liability: It provides protection 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

1) death of or bodily injury to any person so far as it is necessary to meet the requirements of the Motor Vehicles Act.

2) damage to property other than property belonging to the insured or held in trust or in the custody or control of the Insured up to the specified limit.

Additional covers:
1. Personal accident cover to Owner-Driver: Provides compulsory personal accident cover at additional premium to owners of the vehicle for Rs. 15 Lakhs; provided owner holds valid driving license. This is not applicable for a company owned vehicle.

Occupants of vehicles can also be covered for Personal Accident for a maximum Capital Sum Insured of Rs. 1 lakh per person in case of two-wheelers and Rs 2 lakh per person for other classes of vehicles.

Following benefit will be available in the event of any unfortunate accident:




Additional Legal liabilities:
You may also opt to protect yourself from following additional legal liabilities at an additional premium

Wider Legal Liability for Paid driver/conductor/cleaner employed.

Legal Liability for Employees travelling in/driving the vehicle other than paid driver.

Legal Liability for Non-fare paying passengers

GENERAL EXCEPTIONS
The Company shall not be liable

1. if the vehicle insured herein is used otherwise than in accordance with the Limitations as to Use provision.

2. If vehicle is driven by any person other than a Driver as stated in the Driver's Clause.

3. in respect of any claim arising out of any contractual liability.

4. in respect of an employee during the course of employment except so far as is necessary to meet the requirements of the Motor Vehicles Act.

5. in respect of death or bodily injury to any person (other than a passenger carried by reason of or in pursuance of a contract of employment) except so far as is necessary to meet the requirements of the Motor Vehicles Act.

6. War, Invasion, the Act of foreign enemies, hostilities or warlike operations (whether before or after declaration of war), Civil War, Mutiny, Rebellion Military or usurped power, nuclear weapons material.