What is the third party liability covered under Private Car package policy?
• The Insured will be covered for any liability arising from any accident caused by or arising out of the use of the private car in respect of: – Death or bodily injury to third parties (unlimited liability) – Damage to the third party property (minimum of Rs.6000/- and max of Rs.7,50,000 • ^TopWhat is the period for which a Private Car policy is issued? • All motor policies are annual policies issued for a period of twelve months. However for the purpose of renewal an extension to a further period (which should be less than 12 months) can be allowed with the approval of a competent authority. An additional premium will be collected for such extensions. Period less than 12 months can be given on Short Period basis only with the approval of the competent authority. • ^TopWhen do we require a proposal form from the customer? • We require a proposal form in the following situations – New Business – Other Company renewal – On Transfer of Interest – On conversion of Liability Only cover to
