Commercial Vehicle Insurance

It covers a financial loss that can arise virtually on a daily basis. Policies can be issued on a Comprehensive or Third party basis.

We issued first policy on 1st December, 1993.

What’s covered ?

Comprehensive covers:

Our standard compressive commercial vehicle insurance policy covers damage to your commercial vehicle (Passenger carrying vehicle, Goods carrying vehicle, Tractor, Tempo, Taxi, Agriculture and construction vehicle) due to:

• Fire and Lightening/self-ignition
• External Accident
• Theft or Burglary
• Natural Calamities
• Riot Strikes Malicious Acts & Terrorism (optional coverage)
• Third-party coverage
• Personal Accident to driver, helper and passenger

Third-party liability covers:

• Your legal liability for
  • Death or bodily injury to the Third party
  • Damage to property of the Third party
    
• Personal Accident to driver, helper and passenger

What’s required for claim?

In case of Comprehensive coverage:

For Own Damage Claim

• Claim Intimation(by letter or email)
• Estimate/Quotation from the authorized dealer/repairer.
• Copy of Driving Licence & updated Vehicle Registration Book (Blue Book).
• Original Report from the concerned Police authority.
• Original VAT Bills/Cash Memos towards repair/replacement.
• Duly Completed Claim Form
• Route permit copy
  
  

In case of Third Party coverage

• Third Party Vehicle/Motorcycle
  • Estimate/Quotation from the authorized dealer/repairer.
  • Copy of Driving Licence, Vehicle Registration Book (Blue Book) & Route permit (if applicable).
  • Police Report.
  • Original VAT Bills/Cash Memos towards repair / replacement.
  • Third Party’s Vehicle/Motorcycle Policy copy
  • Duly completed Claim Form
  • Agreement (Milapatra) in original done in presence of the concerned legal authority.
    
    

• Injury
  • Police Report.
  • Emergency Card issued by the treating Hospital/ Nursing home
  • Attending Doctor’s/Hospital’s prescriptions/Nurse’s Daily Record/ Doctor’s prescription including chit issued by the Nurse on duty.
  • Discharge Summary in original.
  • Original bills incurred for medical expenses.
  • Agreement (Milapatra) in original done in presence of the concerned legal authority.
  • Duly completed Claim Form
    
    

• Death
  • Letter from District Administration office and any other relevant document.
  • Ghatna Sthal Muchulka.
  • Compensation Receipt (As applicable).
  • Death Certificates
  • Autopsy Report
  • Citizenships
  • Post Mortem Report
  • Certificate of relationship
  • Duly completed Claim Form
    
    
    

Note: All the documents to be notarized except original documents