Commercial Motor


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.

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.

commercial motor insurance
Personal Accident Cover

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commercial motor insurance policy cover
Additional Legal Liabilities

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bi fuel kit
Bi-Fuel Kit

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online motor insurance
IMT 23
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motor insurance online quotes
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Personal accident cover

Compulsory Personal Accident Cover of Rs. 15 lakhs for individual* owners while driving. However, this is not applicable for a company-owned vehicle.

* Available only if the owner of the vehicle holds a valid driving license.

Bi-fuel kit

The CNG-LPG bi-fuel kit can also be covered by paying an additional premium

IMT 23

For a nominal extra premium, our policy will also cover you on these parts:

cover for lamps, tyres/tubes, mudguards, bonnet/side parts, bumpers, headlights and paint works


We also provide cover for the damages caused by overturning in mobile cranes/drilling rigs/mobile plants.

  • 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

Available Discounts

No-claims bonus
No-claims Bonus
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No-claims bonus
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.

Voluntary Excess Discount
Voluntary Excess Discount

You can avail more discount on the insurance premium, if you opt for a Voluntary Excess, in addition to the Compulsory Excess (Compulsory Excess is the amount of loss which the insured has to bear in each and every claim).

AAI Membership
AAI Membership

You can avail additional discount, if you are a member of the Automobile Association of India (AAI), which is registered with IRDAI.

Anti-theft devices
Anti-theft devices

If you have installed anti-theft devices approved by the Automotive Research Association of India (ARAI) in your car, you can avail 2.5% discount (or up to Rs 500) on your own-damage (OD) Premium.

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.


Depreciation for vehicle

Not exceeding 6 months


Depreciation for vehicle

Exceeding 6 months but not exceeding 1 year


Depreciation for vehicle

Exceeding 1 year but not exceeding 2 years


Depreciation for vehicle

Exceeding 2 years but not exceeding 3 years


Depreciation for vehicle

Exceeding 3 years but not exceeding 4 years


Depreciation for vehicle

Exceeding 4 years but not exceeding 5 years



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