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Private
Car Comprehensive Insurance Policy
The policy can be issued to cover all types
of private cars and covers:
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All accidents including
earthquake, flood, riot, strike and malicious
acts.
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Section I: It covers the
legal liability of insured towards third party
personal injury and property damage arising
out of an accident involving the insured vehicle.
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Section II: Undertakes
to reimburse the expenses incurred :
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Towards repair/replacement
of parts of the vehicle, or
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To pay the market value
of the vehicle in case of a total loss,
provided that the originating cause of
such damage is an accident, including
theft.
 Exclusions
:The Policy does not cover
- The liabilities can emanate from
numerous sources -
- Shareholders.
- Customers and clients.
- Suppliers.
- Competitors.
- Employees.
- Members of public.
- Government – income tax, excise, etc.
- Regulatory Bodies
- Any accidents outside the geographical area.
- Consequential loss, normal wear and tear.
- Driving without valid licence for that class
of vehicle. Driving under the influence of liquor
/ drugs.
- Vehicle not being used as per the regulations
of registration.
You
can opt for the following extensions
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Loss of accessories
-
Legal liability to the
paid driver, cleaner or any workman
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Personal accident to the
occupants
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Unlimited Legal liability
towards property damage of Third Party
The rates and terms are
governed by All India Motor Tariff.
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