motor insurance psg
TRANSCRIPT
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MOTOR INSURANCE
S.V.SUBRAMONIAN
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Types Of Motor Insurance
Motor Insurance
Private Cars Two Wheelers Commercial Vehicles Misc Type Vehicles
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TYPES OF LOSSES
TYPES OF LOSSES
OW !"M"#E
Loss or a!a"e to t#e
$nsure% &e#$c'e
LI"$ILITY
Loss or a!a"e to T#$r%
Party
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Types Of Co&ers
L$a($'$ty On'y Co&er )T#$r% Party On'y*
Co!pre#ens$&e Co&er )O+n a!a"e ,
T#$r% Party*
- F$re L$a($'$ty Co&er
- T#eft L$a($'$ty Co&er
- F$re/ T#eft L$a($'$ty Co&er
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L$a($'$ty )T#$r% Party* Co&er
Pro&$%es co&era"e for
A'' t#e su!s +#$c# t#e $nsure% $s 'e"a''y '$a('e to
pay $n respect of %eat# or (o%$'y $n5ury to a person.
a!a"e to t#$r% party property up to an a!ount of
Rs. 6.7 'acs for pr$&ate car an% Rs. 8.9 'ac for t+o
+#ee'ers.
A'' t#e 'e"a' e0penses $ncurre% for %efen%$n" t#e
t#$r% party c'a$!.
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A%%$t$ona' Co&ers
T#e ot#er co&ers +#$c# t#e $nsure% can opt for are
Persona' Acc$%ent Co&er for O+ner r$&er +#$c# $s
co!pu'sory.
Persona' Acc$%ent Co&er for occupants as per seat$n"
capac$ty
Loss of Accessor$es.
Le"a' '$a($'$ty to pa$% %r$&er )As per :C Act.*.
L$a($'$ty to e!p'oyees
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Po'$cy Con%$t$on Cont%...; A'' ot#er parts $nc'u%$n" +oo%en parts $s to (e as per t#e fo''o+$n"
sc#e%u'e
"%e O& the vehicle < of eprec$at$on
Not e0cee%$n" = !ont#s N$'
E0cee%$n" = !ont#s (ut 'ess t#an 8 year 7 year (ut 'ess t#an ? years 87799 NA
2pto 76 CC NA Rs ?99
8 76 /364 CC NA Rs ?99
8364 5 964 CC NA Rs ?99
8 964 CC NA Rs =>9
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Rates For L$a($'$ty Co&era"eJs
Cont%...; T#$r% Party Property a!a"e )TPP* '$a($'$ty
$s Rs. 6/79/9994for pr$&ate car an%
Rs8/99/9994 for t+o +#ee'ers
; TPP L$a($'$ty can (e restr$cte%/ $n +#$c#
case t#ere +$'' (e a re%uct$on $n pre!$u! (y
Rs.899 for p&t. cars an% Rs.79 for >
+#ee'ers; M$% ter! c#an"es $n t#$s co&er $s not a''o+e%
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Rates For A%%$t$ona' Co&era"eJs O+ner r$&er PA co&er pr$&ate car Rs. 8994
O+ner r$&er PA co&er t+o +#ee'er Rs. 794
PA Co&er for passen"er - Pr$&ate CarRs. 74
per89)%epen%ant on seat$n" capac$ty*
Le"a' '$a($'$ty for pa$% %r$&er Rs. >74
L$a($'$ty for e!p'oyees - Pr$&ate Car Rs. >74 L$a($'$ty for e!p'oyees T+o +#ee'ers Rs. =94
3eo"rap#$ca' Area E0tens$on Rs. 7994
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Persona' Acc$%ent Co&er
Persona' Acc$%ent (enef$t co&ers
eat# 899< CSI
Loss of > '$!(s 899< CSI
Loss of 8 '$!( 79< CSI
Per!anent tota' $sa('e!ent 899< CSI
Pr$&ate Cars
O+ner r$&er Co!pu'sory for Rs. >/99/9994
Passen"ers Opt$ona' up to Rs. >/99/9994 per passen"er
T+o :#ee'er
O+ner r$&er Co!pu'sory for Rs. 8/99/9994
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$scounts
No C'a$! Bonus
Vo'untary e%uct$('es
Auto!o($'e Assoc$at$on Me!(ers#$p
Ant$ t#eft %e&$ces )Appro&e% (y Auto!o($'e
Researc# Assoc$at$on of In%$a*
an%$cappe% $scount
S$%e Car $scount
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No C'a$! Bonus - NCB
NCB $s a $scount On O+n a!a"ePre!$u! for c'a$! free years
NCB fo''o+s t#e fortunes of t#e $nsure%an% not t#e &e#$c'e NCB can (etransferre% fro! one car to anot#er caro+ne% (y t#e $nsure%
NCB $s not forfe$te% $n case t#e custo!ers#$fts to a %$fferent co!pany
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No C'a$! Bonus - NCB Cont%... T#e custo!er +$'' en5oy a #$"#er %$scount o&er t#e pre&$ous year
$n case t#ere $s no c'a$! reporte% %ur$n" t#e po'$cy per$o%
"ll Type O& Vehicles !iscount :
No c'a$! !a%e or pen%$n" %ur$n" prece%$n" fu'' yearof $nsurance
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