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COMMERCIAL COMPREHENSIVE INSURANCE PACKAGE

We realise 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.

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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

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Additional Legal Liabilities

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Bi-Fuel Kit

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Overturning

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  • 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.

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
  • Damage to/by a person riding the vehicle without a valid license
  • Damage to/by a person riding the vehicle under the influence of drugs or liquor
  • 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

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Available Discounts

No-claims Bonus
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No-claims Bonus

If you do not make a claim during the policy period, a No-claims bonus (NCB) is offered on renewals. This discount can go as high as 50% (NCB will only be allowed provided the policy is renewed within 90 days of the expiry date of the previous policy).

Transfer of NCB: You can also transfer full benefits of No-claims bonus when you shift your Motor Insurance Policy from another company.

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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.

05%

Depreciation for vehicle

NOT EXCEEDING 6 MONTHS

15%

Depreciation for vehicle

EXCEEDING 6 MONTHS BUT NOT EXCEEDING 1 YEAR

20%

Depreciation for vehicle

EXCEEDING 1 YEAR BUT NOT EXCEEDING 2 YEARS

30%

Depreciation for vehicle

EXCEEDING 2 YEARS BUT NOT EXCEEDING 3 YEARS

40%

Depreciation for vehicle

EXCEEDING 3 YEARS BUT NOT EXCEEDING 4 YEARS

50%

Depreciation for vehicle

EXCEEDING 4 YEARS BUT NOT EXCEEDING 5 YEARS

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