1.1.1 Act Only Liability Insurance
Cover Act. Liabilities, death/bodily injury and damage to properties as per Motor Vehicle
Amendment Act, 1991.
1.1.2 Comprehensive Insurance
Covers loss or damage to the motor vehicle and or its accessories whilst thereon by fire,
explosion, self-ignition, lighting, burglary, housebreaking, theft, riot & strike, malicious
damage, terrorism, earthquake, flood, typhoon, hurricane.
1.1.3 Two types of covers are granted:
a) Act Liability policy/ public Liability:
This policy provides indemnity to the insured
against legal liability for claims by the third party in respect of accidental personal injury
&/or damage to any property of third party property covered by the insured vehicles in
public place as is necessary to meet the requirements of section 95 of the Motor
Vehicles Act 1939. Increased limit of liability is also provided in respect of public liability
b) Comprehensive Insurance Policy:
This policy provides cover against loss or damage to
the insured vehicle by accidental external means or malicious act, Fire, External Explosion,
Lightning Self ignition, Burglary, Housebreaking and Theft. Also whilst in transit by Road, Rail
inland waterway, lift, elevator or air. Subject to the limitations mentioned in the policy and liability
to public risks including Act liability.
Rates & terms of motor policy are governed by motor tariff and it is binding on the insurers to
follow such rates & terms. For rating purpose, the vehicles have been classified into three
classes according to their use viz. Private Car. Motor Cycle and Commercial Vehicles. Premium
is calculated on cubic capacity and seating capacity in respect of Private Car, Motor Cycle,
while premium in respect of commercial vehicles is calculated on tonnage capacity of the
Feel free to contact us for any further information about online insurance and our services, or any information that we can deliver for your convenience, we would love to hear from you.
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