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Comprehensive Car Insurance Overview

This document outlines the terms of a comprehensive car insurance policy for customers of an affinity partner aggregator website. It provides coverage for damage to the insured vehicle from various causes like accidents, theft, and natural disasters. It also includes third party liability coverage for bodily injury or property damage to others. Medical expenses up to Rs. 350 are covered for accidental injuries. The policy covers private vehicles up to 5 years old and valued at Rs. 5 million or less, for a one year period. Certain vehicle types and high value cars require special approval. Standard exclusions apply for wear and tear, mechanical issues, and losses from certain causes.

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Sohail Shafi
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54 views3 pages

Comprehensive Car Insurance Overview

This document outlines the terms of a comprehensive car insurance policy for customers of an affinity partner aggregator website. It provides coverage for damage to the insured vehicle from various causes like accidents, theft, and natural disasters. It also includes third party liability coverage for bodily injury or property damage to others. Medical expenses up to Rs. 350 are covered for accidental injuries. The policy covers private vehicles up to 5 years old and valued at Rs. 5 million or less, for a one year period. Certain vehicle types and high value cars require special approval. Standard exclusions apply for wear and tear, mechanical issues, and losses from certain causes.

Uploaded by

Sohail Shafi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

New Car Comprehensive Insurance

INSURED Online Customer’s of Affinity Partner’s Aggregator Website

INTEREST COVERED Motor Vehicle of Various Customers of Affinity Partner, models


within 5 years from current year and valued Rs. 5 million or less

VEHICLE TYPE: Private

TYPE OF COVER: I. Indemnity to the Insured in case of damage inflicted upon


vehicle by:
a) Accidental external means
b) Fire, external explosion, self-ignition, lightning and frost
c) Burglary, housebreaking and theft
d) Malicious act Riots

e) Riot and strike damage


f) Flood, hail, wind, hurricane, cyclone, tornado and typhoon
damages
g) Earthquake, volcanic eruption or other convulsion of nature
h) Risk while in transit by air, road, rail, inland waterway, lift or
elevator
i) Transport of motor car to nearest workshop in case it breaks
down (Subject to Rs 500 limit)
j) In case of repair to damaged vehicle:
- The estimated cost should not exceed Rs 500
- The Insurance Operator should be provided a detailed
estimate of the
costs incurred

II. Third Party Liability coverage to the Insured in case of:


a. Death or bodily injury to a third party (except for the person
employed by the Insured)
b. Damage to property of a third party (except for the
property held in
trust or custody by the Insured of a third party)
c. Indemnity to any person driving any on Insured
order/permission given that he is not entitled to indemnity
under any other POLICY
d. Indemnity to the Insured even when he is driving a vehicle
not
belonging to him
e. In case of death of a third party, the Insurance Operator will
indemnify the
deceased’s personal representatives *subject to prior
written consent by the Insurance Operator

III. Medical expenses coverage to the Insured:


a. The Insurance Operator will pay on behalf of PTF to the
Insured medical expenses not exceeding Rs. 350 in case of
an accidental bodily injury

NET PREMIUM RATE : 2.5% on P.E.V.

VEHICLE AGE: within 5 years of current year

MAXIMUM SUM COVERED: Rs. 5 Million and below

PERIOD OF INSURANCE One year from the date agreed.

EXCLUSIONS:
• Consequential loss
• Depreciation and wear and tear
• Mechanical and electrical breakdowns/failures
• Damage to tires and battery unless the vehicle is damaged
too at the same time (Insurance Operator
liable to 50% of the cost of replacement in that case)
• Loss arising from theft or criminal misappropriation or
breach of trust by Insured’s Driver or
known person
• Any accident or injury caused/sustained outside the
geographical area
• Claim arising out of any contractual liability
• Any loss occurring in case of the vehicle being driven by any
person other than a driver as described in the schedule
• Any loss occurring from radiation, nuclear fuel or weapons
• Any loss occurring as a result of the Insured driving under
influence
• Any loss occurring as a result of war, civil unrest or
terrorism

CONDITIONS:
• All other terms and conditions as per Jubilee General-WTO’s
Standard Private Car Comprehensive POLICY wordings
• An immediate notice to the Insurance Operator to be
issued in case of a claim arising
• In case of theft of the Insured vehicle, an immediate notice
to the police is mandatory
• In case the Insured loses his original excise duty and
taxation papers, he should immediately inform the
Insurance Operator within 48 hours
• Cancellation of POLICY by the Insurance Operator or the
Insured on a 7 days’ notice with return of Premium on pro
rata basis
• Terms are not for 4x4 SUVs, imported and high valued
(vehicles over Rs 5million value) cars and are to be dealt on
case to case basis with prior approvals from Jubilee
General-WTO
FEATURES:
• Insureds right to an arbitration in case of a dispute
• Transport of motor car to nearest workshop in case it
breaks down
• Third party indemnity to the Insured even when he is
driving a vehicle not belonging to him

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