Commercial Vehicle Insurance

COMMERCIAL COMPREHENSIVE INSURANCE PACKAGE
We realize that a vehicle can meet with an accident any time. That's why our Commercial Motor Insurance Policy acts as your companion in difficult times and is designed to cover any loss or damage to your vehicle. It also covers third-party liability made mandatory by the Motor Vehicles Act.

Additional Covers
It makes sense to pay a little extra, if you are going to get those additional insurance covers. We ensure that the little extra is actually very little. With us, you can buy these at a nominal extra cost.
-Personal Accident Cover
-Additional Legal Liabilities
-Bi-Fuel Kit
-IMT 23
-Overturning
-Third-party liability
-This policy protects you and your vehicle against any legal liability towards third parties, arising out of its use , leading to any bodily injury to/on death of a person and any damage caused to the third-party property
-Loss or damage to the vehicle
-The Commercial Motor Policy also covers you against any loss or damage caused to your vehicle or its accessories due to the following natural and/or man-made calamities:
-Natural calamities
-Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide and rockslide.
-Man-made calamities
-Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity and any damage in transit by road, rail, air, inland waterway, lift or elevator, together with loss or damage to the vehicle itself.

What's Not Covered
-While we make every effort to give you the best possible services, any loss of/damage to your two-wheeler and/or its accessories will be not be covered if caused by any of the following:
-Normal wear and tear as well as general ageing of the vehicle
-Depreciation or any consequential loss
-Mechanical/electrical breakdown
-Damage to/by a person riding the two wheeler without a valid licence
-Damage to/by a person riding the two wheeler under the influence of drugs or liquor
-Loss/damage due to war, mutiny or nuclear risk
-Use of the vehicle in violation of the Limitation as to use clause, mentioned in the policy
-Radioactive, toxic, explosive or hazardous properties of any nuclear assembly or nuclear component
-Available Discount
-No-claims Bonus
-Voluntary Excess Discount
-AAI Membership
-Anti-Theft Devices
-Sum Insured
-We insure all vehicles at a fixed value, known as Insured's Declared Value (IDV).
-The IDV is calculated on the basis of your vehicle manufacturer's listed selling price (plus the listed price of any accessories) after deducting the depreciation for every year as per the following rates.