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Motorcycle Insurance Premium Breakdown

This document provides a premium calculation worksheet for a motorcycle/scooter insurance policy. It lists the insured's name and address, vehicle details like type, registration number, and engine number. It then calculates the premium for basic own damage coverage of Rs. 855.36 with a no claim bonus discount of Rs. 235.01, bringing the own damage gross to Rs. 436. The public liability premium is calculated to be Rs. 1,260. Adding the own damage and liability amounts gives a gross premium of Rs. 1,696. Applying CGST and SGST of 9% each brings the total premium due to Rs. 2,002.

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169 views2 pages

Motorcycle Insurance Premium Breakdown

This document provides a premium calculation worksheet for a motorcycle/scooter insurance policy. It lists the insured's name and address, vehicle details like type, registration number, and engine number. It then calculates the premium for basic own damage coverage of Rs. 855.36 with a no claim bonus discount of Rs. 235.01, bringing the own damage gross to Rs. 436. The public liability premium is calculated to be Rs. 1,260. Adding the own damage and liability amounts gives a gross premium of Rs. 1,696. Applying CGST and SGST of 9% each brings the total premium due to Rs. 2,002.

Uploaded by

kabil
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
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Premium Calculation Work Sheet For MotorCycle / Scooter Package


Policy

Quote Policy
02/06/2019 - Department
Number Period Motor
01/06/2020 :
: :
DOORNO O NO 37,N NO
36, LAKSHMIPURAM,
Insured .KABILAN ALIAS
Address PADIKASUVAITHANPATTI, Office Code
Name & GOBALAKRISHNAN.K 090901
: SRIVILLIPUTTUR :
ID: & 23024338766
VIRUDUNAGAR 626125
TAMIL NADU
Vehicle Vehicle
MotorCycle/Scooter Zone-B Location : BO RAJAPALAYAM
Type : Zone :
Vehicle Engine Chassis No.
TN 84 C 1119 21CM009671 ME121C0M4G2009791
No. : No. : :

Customer GST/UIN Office GST No. : 33AAACU5552C1ZQ


No. :

Non-
Vehicle IDV Trailer IDV Side Car IDV [Link] [Link]
[Link]

48600 0 0 0 0

Un-Named Named Bi-Fuel Theft of


Paid Driver PA to Hirer
Passenger Passenger Kit(CNG/LPG) Accessories

0 0 0 0/ 0 0 0
Loading (+) / Discount (-)

Own Damage(A) Public Liability(B)


OD Cover(s) TP Cover(s)
Basic OD 855.36
Basic TP 985
Nil Depreciation
243.78 PA Owner Driver 275
Without Excess
Detariff
-427.68
Loading/Discount
Gross (B): 1,260.00
No Claim Bonus
235.01
Discount @ 35 %
Gross OD & TP:
1,696.00
Gross (A): 436.00 (A) + (B)

Basic OD Rate : 1.76 %


Detariff Load/Discount : 0 % / 50 %
Final OD Rate : %

Stamp Duty : 1.00


Total (Own Damage +
Stamp Duty Chargeable : No 1696
Liability)
*N.B Minimum Premium Chargeable

Net Premium( ): 1,696.00


CGST(9%)( ): 153.00
SGST(9%)( ): 153.00
Total Premium( ): 2,002.00

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