Salient Feature
Automobile Policy covers against loss or damage to the insured vehicle and/or its accessories whilst thereon.......
- by fire , explosion ( both external and internal ) , self-ignition or lightning ;
- by burglary , housebreaking or theft ;
- by riot and strike ;
- by earthquake ( fire and shock damage ) ;
- by flood, typhoon , hurricane , storm , tempest , inundation , cyclone , hailstorm ;
- by accidental external means ;
- by malicious act ;
- by terrorist activity ;
- Whilst in transit by road, rail, inland waterway, lift, elevator or air.
THIRD PARTY LIABILITY
IT covers Liability to third parties which means this section provides indemnity to the Insured in the event of accident caused by or arising out of the use of the motor vehicle against all sums, including claimants costs and expenses, which the insured shall become legally liable to pay in respect of --
Death of or bodily injury to any person, including occupants carried in the motor vehicle, provided such occupants are not carried for hire or reward , but not where such death or injury arises out of and in the course of the employment of such person by the Insured.
Damage to property other than property belonging to the insured or held in trust or in the custody or control of the insured.
Limit of Liability is as under in respect of any one claim or series of claims arising out of one event.
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| New Motor Tariff, guidelindes implemented from 2066/05/01 |
|
| Liability Limit in Third Party |
Motor Cycle |
Private Car |
Commercial
Vehicle |
| i) Death to TP Person |
500,000/- |
500,000/- |
500,000/- |
| ii) Death to TP person during medical treatment |
(i+ ii) 700,000.00 |
(i+ ii) 700,000.00 |
700,000/- |
| iii) Medical treatment to TP person |
200,000/- |
200,000/- |
200,000/- |
| Maximum limit per occurance of TP death + injury claim |
2,500,000/- |
8,000,000/- |
5,000,000/- |
| Maximum limit per occurance of property damage |
2,500,000/- |
8,000,000/- |
5,000,000/- |
| Death to paid driver, cleaner & helper (PA benefit) |
|
500,000/- |
500,000/- |
| Medical treatment for driver, cleaner & helper |
|
600,000/- |
600,000/- |
| Death to passengers (per passenger) |
|
100,000/- |
100,000/- |
| Medical treatment for passenger (per passenger) |
|
200,000/- |
200,000/- |
| Death to motorcycle rider |
100,000/- |
|
|
| Medical treatment for m/cycle rider |
200,000/- |
|
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