new motor tariff revised t.p 2012

7/28/2019 New Motor Tariff Revised t.p 2012

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NEW MOTOR TARIFF CHART(REVISED T.P. W.E.F.01.4.2012)REF: IRDA/NL/NTFN/,MOTP/76/03/2011/28.03.2012(SERVICE TAX @ 12.36% TO BE CHARGED ON THE NET PREMIUM)

TARIFF FOR PRIVATE CAR (ZONE B) GOODS CARRYING VEHICLES-Public Carriers (3 wheeler)CUBICCapacity

OD (% on IDV) TPL OD (% of IDV) TPL

Up to 5 Yrs 5-10 Yrs >10 Yrs Up to 5 years 5-7 years Above 7 years

Up to1000 cc

3.039% 3.191% 3.267% 784 Zone C Zone-B Zone-C Zone B Zone-C Zone B

1000-1500cc

3.191% 3.351% 3.430% 925 Pub.Carrier

1.640% 1.656% 1.681% 1.697% 1.722% 1.739% 3415

>1500cc 3.343% 3.510% 3.594% 2853 Pvt. Carrier

1.148% 1.159% 1.177% 1.188% 1.205% 1.217% 2440

Compulsory PA cover-Owner/Driver (2 lacs)Rs. 100/-Driver/Cleaner/Employee-Rs.50/- eachOptional PA cover for every Rs.1000/- Sl, Rs.5/- each

Compulsory PA cover-Owner/Driver (2 lacs)Rs. 100/-Driver /Cleaner / Employee- Rs.50/- eachOptional PA cover for every Rs. 10000/- Sl, Rs.6/- each,Non fare paying passenger Rs. 75/- each.

TARIFF FOR TWO WHEELER (ZONE B) PASSENGER CARRYING VEHICLE (FOUR WHEELERS>6PASSENGERS & THREE WHEELERS > 17 PASSENGERS)

CC OD (% on IDV) TPL OD (% of IDV) TPL

Up to 5 Yrs 5-10 Yrs >10 Yrs Up to 5 years 6-7 years Above 7 years

Up to 75 cc 1.676% 1.760% 1.802% 350 Zone C Zone-B Zone-C Zone B Zone-C Zone B76 to 150cc 1.676% 1.760% 1.802% 357 Up to 18

passengers

350+1.656%

350+1.672%

350+1.697%

350+1.714%

350+1.739%

350+1.756%

6529

151to350cc 1.760% 1.848% 1.892% 355 19-36passengers

450+1.656%

450+1.672%

450+1.697%

450+1.714%

450+1.739%

450+1.756%

6529

Above350cc

1.844% 1.936% 1.982% 680 37-60passengers

550+1.656%

550+1.672%

550+1.697%

550+1.714%

550+1.739%

550+1.756%

6529

Compulsory PA cover-Owner / Driver (1 lacs) Rs. 50/-Driver /Cleaner / Employee Rs.50/- eachOptional PA cover for every Rs. 10000/- Sl, Rs.7/- each

>60passengers

680+1.656%

680+1.672%

680+1.697%

680+1.714%

680+1.739%

680+1.756%

6529

Section-4(C-I) TARIFF FOR TAXI (CARRYINGCAPACITY NOT EXEEDING6) ZONE-B

Liability premium per passenger Rs.399/-, Compulsory PA coverOwner/Driver (2lacs) Rs. 100/-, Driver/Clearner/Employee-Rs.50/- each

PASSENGER CARRYING VEHICLE (THREE WHEELERS)CC OD (% on IDV) TPL PASSEN

GERSOD (% of IDV) TPL

Up to 5 Yrs 5-10 Yrs Above 7yrs

Up to 5 years 6-7 years Above 7 years

Up to1000cc

3.191 % 3.271% 3.351% 3059 Zone C Zone-B Zone-C Zone B Zone-C Zone B

1000 1500cc

3.351% 3.435% 3.519% 4779 Upto 6passenger

1.260% 1.272% 1.292% 1.304% 1.323% 1.336% 1097

>1500cc 3.510% 3.598% 3.686% 5543 6-17pass

1.759% 1.777% 1.803% 1.821% 1.847% 1.866% 2630

Liability premium per passenger @ Rs.588/-Compulsory PA cover Owner/Driver (2 lacs) Rs. 100/-Paid Driver -Rs. 50/- eachOptional PA cover for every Rs. 10000/- Sl. Rs.6/- each

Liability premium per passenger Rs. 525/-, Compulsory PA cover Owner / Driver(2 lacs) Rs. 100/-, Driver / Cleaner / Employee Rs. 50/- each

TRAILER ONE TRAILER TOWEDAgricultural / Forestry vehicle Rs. 0.87% of IDV+ Rs. 930 (TPL)Other vehicle .. Rs. 1.05% of IDV + Rs. 1458/- (TPL)Liability premium for Trailers attached to Miscellaneous & Special types of vehicles Rs. 1350/-

Geographical Zone Private Cars/ Motorized Two Wheelers/ Commercial Vehicles ratable under Section 4. C1 and C4.

Zone AAhmedabad Bangalore, Chennai, Hyderabad, Kolkata, Mumbai, New Delhi and Pune.

Zone B Rest of IndiaCommercial Vehicle excluding vehicles ratable under Secion 4. C1 and C.4.

Zone A Chennai, Delhi / New Delhi, Kolkata, Mumbai

Zone B All other State Capitals

Zone C Rest of India

7/28/2019 New Motor Tariff Revised t.p 2012

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GOODS CARRYING VEHICLES-Public Carriers (Other than 3 wheelers) IDV CALCULATION FOR ALL VEHICLES

GVW OD (% on IDV) Insureds declared value (IDV) (SellingPrice of the (new MINUS Depreciation for age)

Up to 5 years 5-7 years Above 7 years AGE DEPRECIATION

Zone-C Zone-B Zone-C Zone-B Zone-C Zone-B Up to 6 moths 5%

Upto7500 kg

1.726% 1.743% 1.770% 1.787% 1.812% 1.830% 10902 6 months to 1year

15%

1 to 2 years 20%

Upto

12000Kg

1.726% 1.743% 1.770% 1.787% 1.812% 1.830% 11640 2 to 3 years 30%

3 to 4 years 40%4 to 5 years 50%

Above12000Kg. to

20000Kg

1.726%+Rs.27/-per 100Kg over12000Kg

1.743%+Rs.27/-per 100Kg over12000Kg

1.770%+Rs.27/- per100 Kg over12000 Kg

1.787%+Rs.27/-per 100Kg over12000Kg

1.812%+Rs.27/-per 100Kg over12000Kg

1.830%+Rs.27/-per 100Kg over12000Kg

12394 Above 5 yearsand obsolete

models

As per agreementbetween insurer &

insured.

DISCOUNT ON OD PREMIUMPVT. CAR - UPTO 20%

COMMERCIAL VEHICLE UPTO 10%TWO WHEELERS UPTO 20%N.B. : For more discounts please take priorapproval / acceptance of the concernedInsurance Company. Above discounts are

subject to acceptance by the Insurance Co.

20000 to40000 Kg

Do Do Do Do Do Do 12478

Above

40000 Kg


Compulsory PA cover-Owner / Driver (2 lacs) Rs. 100/-, Driver/Cleaner/Employee-Rs.50/-eachOptional PA cover for every Rs. 10000/- Sl, Rs.6/- each, Non fare paying passenger Rs.75/-each

NO CLAIMBONUS(NCB)

FOR ALLVEHICLE

TRANSFER FEE Rs.50/-DUPLICATE FEE- Rs.50/-

GOODS CARRYING VEHICLES- Private Carries (other than 3 wheelers) 1 year 20% TPL+FIRE-TPL Premium

25%OD Premium for the vehicle

TPL+THEFT-TPL premium+30%

OD premium for the vehicle

TPL+FIRE & THEFT =

TPL premium + 50% OD premium

of the vehicle.

GVW OD (% on IDV) TPL 2 years 25%

Up to 5 years 5-7 years Above 7 years 3 years 35%

Zone-C Zone-B Zone-C Zone-B Zone-C Zone-B 4 years 45%

Upto

7500 kg

1.208% 1.220% 1.239% 1.251% 1.268% 1.281% 9818 5 years 50%

Upto

12000

Kg

1.208% 1.220% 1.239% 1.251% 1.268% 1.281% 11344 IMT -23 COVERAGE FOR BONNET, TYRES

BODY SIDE PARTS, BUMPERS, HEADLAMPS,

COLOUR TO BE CHARGED @15% ON OD

PREMIUM BEFORE NCB CALCULATION.

IMT -34 COVERAGE FOR USING MISC.D CLASS

VEHICLES FOR COMMERCIAL USE WITH,

ADDL. PREMIUM OF @25% ON OD PREMIUM

TO BE CHARGED.

FOR ELECTRICAL , NON-ELECRICAL

ACCESSORIES,COVERAGE 4% ON THE

ACCESSORIES COST TO BE CHARGED

FOR LPG/CNG KIT: 6% ON COVERED VALUE

Above12000Kg. to20000

Kg

1.208%+Rs.27/-per 100Kg over12000Kg

1.220%+Rs.27/-per 100Kg over12000Kg

1.239%+Rs.27/- per100 Kg over12000 Kg

1.251%+Rs.27/-per 100Kg over12000Kg

1.268%+Rs.27/-per 100Kg over12000Kg

1.281%+Rs.27/-per 100Kg over12000Kg

10100

20000Kg. to40000

Kg.


Above40000

Kg.


Compulsory PA cover-Owner / Driver (2 lacs) Rs. 100/- Driver/ Cleaner / Employee Rs.50/-eachOptional PA cover for every Rs. 10000/- Sl. Rs. 6/- each. Non fare paying passenger Rs.75/-each.

MISCELLANEOUS & SPECIAL TYPES OF VEHICLES Ambulance Rs.60/- per

passenger

Hearses- Rs. 115 per

passenger

Agrl. Tractors

not exceeding

6 hp. Hears &

Plane loaders

O D (% in IDV)

TPLUp to 5 years 6 -7 years Above 7 years

ZONE-C ZONE-B ZONE-C ZONE-B ZONE-C ZONE-B

1.190% 1.202% 1.220% 1.232% 1.250% 1.262% 930 COURTSEY:ICCO.BBSR.PH-

9124000056

Others 1.190% 1.202% 1.220% 1.232% 1.250% 1.262% 1458

new motor tariff revised t.p 2012

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