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Motor Vehicle Insurance |
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Endorsements for Motor Policy |
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Policy Rules |
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1. |
Bring registration book (RC BOOK) to renewal of Insurance Policy of
the vehicle is necessary. |
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2. |
The name, vehicle number written in the insurance policy & receipt
is proper or not will be checked by owner of the vehicle. |
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3. |
Once ownership transfer into the register book immediately should
transfer into the insurance policy otherwise not eligible for the
claim. |
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4. |
In the case of accident of commercial vehicle claim, spot survey &
FIR is necessary. |
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5. |
C.P.I (Passing) is required for private car which sitting capacity 7
seats or more. |
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6. |
Endowment should necessary in the insurance policy if CNG / LPG gas
Kit or electrical / non- electrical accessories fit in the Vehicle. |
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7. |
When the accident occurred of the vehicle, immediately inform in
written to the insurance company. |
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8. |
If the insurance policy renewal date is expired, then should require
bringing vehicle & do the chassis print / inspection. The insurance
process started after 24 hours of Pay the premium in the company,
otherwise before it the responsibility of owner of the vehicle only. |
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The Required Information for the Claim process in Vehicle
Insurance Policy |
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1. |
On the Time of Accident should immediately inform to the Insurance
Company. |
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2. |
Fully Submit & Signed the Claim Application / Claim Booklet &
attached the following documents: |
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1.
Original RC Book
2.
Insurance Policy
3.
Original Driving License
4.
The (TWO) Copy of Bill for the repairing Parts
(Estimation)
5.
If loss of Third Party, Polish FIR is required.
6.
RTO TAX, Permit, Fitness , Load Challan Required if
Commercial Vehicle.
7.
C.P.I (Passing) required if sitting capacity of 7 or
more in the private car.
8.
The Other Documents as per required of the Insurance
Company.
Note:: Bring the Copy of all the above documents. |
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**Don’t Repair or change the parts, Without Inform to the
Insurance Company |
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Depreciation of Parts for partial Loss Claim |
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Depreciation Rate |
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All kinds of Rubber Parts / Nylon / Plastic / Tyre / Tube /
Airbag |
50 % |
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Fiber Glass Parts |
30 % |
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Glass |
No |
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Depreciation of parts as per manufacturing Year |
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Till 6 month |
No |
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Till From 6 month to 1 Year |
5 % |
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Till From 1 Year to 2 Year |
10 % |
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Till From 2 Year to 3 Year |
15 % |
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Till From 3 Year to 4 Year |
25 % |
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Till From 4 Year to 5 Year |
35 % |
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Till From 5 Year to 10 Year |
40 % |
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10 Year or more |
50 % |
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