Insurance's All About Everythink

Insurance's  All About Everythink

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30/10/2015

Highlights: Motor Policy

This policy covers all types of vehicles plying on public roads such as:-
1-Scooters & Motorcycles
2-Private cars
3-All types of commercial vehicles
4-Motor Trade (vehicles in show rooms and garages)

As per the Motor Vehicles Act, 1988 it is mandatory for every owner of a vehicle plying on public roads, to take an insurance policy, to cover the amount, which the owner becomes legally liable to pay as damages to third parties as a result of accidental death, bodily injury or damage to property. A Certificate of Insurance must be carried in the vehicle as a proof of such insurance.

Two types of covers are available:

1-Liability only policy. This covers third party liability for bodily injury liability and / or death and property damage. Personal Accident cover for Owner-driver is also included.

2-Package policy. This cover loss or damage to the vehicle insured in addition to (1) above.

No- claim discounts are available on renewal of policy, ranging from 20% to 50%, depending upon the type of vehicle and the number of years for which no claim has been made.

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For Senior Citizen Mediclaim Policy

Photos from Insurance's  All About Everythink's post 24/10/2015

Secure your Family with Mediclaim Policy

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Life Insurance

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