private car policy schedule email

8/9/2019 Private Car Policy Schedule Email

1/3

POLICY SCHEDULE CUM CERTIFICATE OF INSURANCE

1

Policy Number: 915101002947770100

Agency Name: DirectName of Insured: Mr. SEETHA R CHIMAKURTHI.Address: Flat 202, Jayasree Towers, Near Andhra Bank, Manikonda, Puppalaguda,Hyderabad, Rajendra Nagar, RANGAREDDY, Andhra Pradesh - 500089, INDIA

Business or Profession: Telephone / Mobile No.: 9949590660 Agency Code:NilEmail Id: [email protected]

Contact Number: NilPeriod of Insurance: From 00:00 o’ clock on 17/02/2015 to midnight on 16/02/2016.VEHICLE DETAILS

Registration Mark &Place of Registration

AP 28 CG 9589AP-28 Rangareddy

Financier Type

Financier Name

Engine No. 2NRV030660 Cubic Capacity 1496

Chassis No. MBJB29BT700026134 Manufacturing Year 2011

Make TOYOTA Seating Capacity (Including Driver) 5

Vehicle Model & Variant ETIOS, VX Cover Type Package

Fuel Type Petrol Geographical Area: India,

Body Type Automobile Association Membership No

Limitation As To Use:The Policy covers use of the vehicle for any purpose other than: a. Hire or Reward, b.Carriage of goods (other than samples or personal luggage), c. Organised racing, d. Pacemaking, e. Speed testing, f. Reliability Trials, g. Any purpose in connection with MotorTrade.

Driver: Any person including the insured - Provided that a person driving holds aneffective driving license at the time of the accident and is not disqualified fromholding or obtaining such a license; Provided also that the person holding aneffective learner’s license may also drive the vehicle and that such a personsatisfies the requirements of Rule 3 of the Central Motor Vehicles Rules, 1989.

Limits of LiabilityUnder Section II-1 (i) of the policy – Death of or bodily injury – Such amount as isnecessary to meet the requirements of the Motor Vehicles Act, 1988Under Section II-1 (ii) of the policy – Damage to Third Party Property: Rs. 7.5 lakhs.Personal Accident Cover under Section III for Owner – Driver (CSI): 200,000.00Compulsory Deductible under section – I: 1000.00Voluntary Deductible: 0Imposed Deductible: 0.00

No Claim Bonus: The insured is entitled for a No Claim Bonus (NCB) on the OwnDamage section of the policy, if no claim is made or pending during the precedingyear (s), as per the following table:

Period of Insurance % of NCB on OD premium

The preceding year 20%

Preceding Two consecutive years 25%

Preceding Three consecutive years 35%

Preceding Four consecutive years 45%

Preceding Five consecutive years 50%

No Claim Bonus will only be allowed provided the policy is renewed within 90 daysof the expiry date of the previous policy.

Receipt No.Service Tax Registration No.PAN NumberCategory

: 9600046562814: AABCL5045NSD001: AABCL5045N: General Insurance Business Services

Stamp Duty of Rs 0.50 has been paid vide receipt 1016 dated 10/04/2012

NSURED’S DECLARED VALUEFor the Vehicle For Trailers Non Electrical Accessories Electrical/ Electronic Accessories Value of CNG/ LPG kit Total Value

486,360.00 0.00 0.00 0.00 0.00 486,360.00

PREMIUM SCHEDULEA. Own Damage Amount (`) B. Liability Amount (`)

Basic Own Damage PremiumDepreciation Waiver (LT01)No Claim Bonus(-20%)

Risk Based Discount/ Loading

10,149.825,349.96

-2,029.99-1,948.79

Basic Premium with Full TPPDPersonal Accident to Owner DriverPersonal Accident to Unnamed Passenger (5 X 100000.00 each)

1,332.00100.00250.00

Total Liability Premium (B) 1,682.00

Total Own Damage Premium (A) 11,521.00 NET PREMIUM (A+B) 13,203.00SERVICE TAX & EDUCATION CESS 1,632.00

POLICY PREMIUM 14,835.00

Subject to I.M.T. End. Nos. & Memorandum IMT 16, IMT 22, IMT 28 LT-01, Printed/ herein/ attached hereto underThe Policy terms & conditions can be downloaded from the official site of L&T General Insurance Co. Ltd. i.e www.ltinsurance.com.

Nominee Details: (a) Name of the Nominee & Age: BHARGAVI CHIMAKURTHI 33 (b) Relationship: SPOUSE

Important Notice: “The insured is not indemnified if the vehicle is used or driven otherwise than in accordance with this schedule. Any payment made by the company by reason

of wider terms appearing in Certificate in order to comply with the Motor vehicle Act, 1988 is recoverable from the Insured. See the clause headed “AVOIDANCE OF CERTAINTERMS AND RIGHTS OF RECOVERY”

In the event of non realisation of cheque, the policy shall be cancelled 'ab initio' & the Company shall not be responsible for any liabilities of whatsoever nature under this policy.

I/We hereby certify that the policy to which the certificate relates as well as the certificate of Insurance are issued in accordance with the provisions of Chapter X & XI ofM.V.Act 1988.Issued At: Hyderabad Branch Date: 21/01/2015 Policy Issuing Office: Mumbai For L&T General Insurance Company Limited,

Servicing Branch Address: Hyderabad Branch, G-2, Ground Floor, Dega Towers Raj Bhavan road, Hyderabad-500082 Ph: 040-44450555

Authorized Signatory


2/3

Policy Number: 915101002947770100

2

IMT.22. Compulsory Deductible

(Applicable to Private Cars, three wheelers rated as private cars, all motorized two wheelers, taxis, private car type vehicle plying for public/private hire, private type taxilet out on private hire)

Notwithstanding anything to the contrary contained in the policy it is hereby understood and agreed that the insured shall bear under Section 1 of the policy in respect ofeach and every event (including event giving rise to a total loss/constructive total loss) the first Rs. 1,000.00 (or any less expenditure which may be incurred) of anyexpenditure for which provision has been made under this policy and/or of any expenditure by the insurer in the exercise of his discretion under Condition no 3 of thispolicy .If the expenditure incurred by the insurer shall include any amount for which the insured is responsible hereunder such amount shall be repaid by the insured to the insurerforthwith.For the purpose of this Endorsement the expression "event” shall mean an event or series of events arising out of one cause in connection with the vehicle insured inrespect of which indemnity is provided under this policy.Subject otherwise to the terms conditions limitations and exceptions of this Policy.

IMT.16. Personal Accident to Unnamed Passengers other than Insured and the Paid Driver and Cleaner

{For vehicles rated as Private cars and Motorized two wheelers (not for hire or reward) with or without side car}In consideration of the payment of an additional premium it is hereby understood and agreed that the insurer undertakes to pay compensation on the scale providedbelow for bodily injuries hereinafter defined sustained by any passenger other than the insured and/or the paid driver attendant or cleaner and/or a person in the employof the insured coming within the scope of the Workmen’s Compensation Act, 1923 and subsequent amendments of the said Act and engaged in and upon the service of theinsured at the time such injury is sustained whilst mounting into, dismounting from or travelling in but not driving the insured motor car and caused by violent,accidental, external and visible means which independently of any other cause shall within three calendar months of the occurrence of such injury result in :

Details of Injury Scale of Compensation

i) Death 100%

ii) Loss of two limbs or sight of two eyes or one limb and sight of one eye 100%

iii) Loss of one limb or sight of one eye 50%

iv) Permanent Total Disablement from injuries other than named above 100%

Provided always that: -(1) compensation shall be payable under only one of the items (I) to (iv) above in respect of any such person arising out of any one occurrence and total liability of theinsurer shall not in the aggregate exceed the sum of Rs.100000 during any one period of insurance in respect of any such person.(2) no compensation shall be payable in respect of death or injury directly or indirectly wholly or in part arising or resulting from or traceable to (a) intentional self injurysuicide or attempted suicide physical defect or infirmity or (b) an accident happening whilst such person is under the influence of intoxicating liquor or drugs.(3) such compensation shall be payable only with the approval of the insured named in the policy and directly to the injured person or his/her legal representative(s) whosereceipt shall be a full discharge in respect of the injury of such person.(4) not more than 5 persons/passengers are in the vehicle insured at the time of occurrence of such injury.Subject otherwise to the terms exceptions conditions and limitations of this policy.

IMT.28. Legal Liability to Paid Driver and/or Conductor and/or Cleaner Employed in Connection with the Operation of Insured Vehicle (Vehicle NOT Used for Hire or

Reward)

In consideration of an additional premium of Rs. 50/- notwithstanding anything to the contrary contained in the policy it is hereby understood andagreedthatthe insurer

shall indemnify the insured against the insureds legal liability under theWorkmen'sCompensation Act,1923, the Fatal Accidents Act, 1855 or at Common Law and subsequent

amendments of these Acts prior to the date of this Endorsement in respect of personal injury to any paid driver and/or conductorand/or cleaner whilst engaged in the

service oftheinsured in such occupation in connectionwiththevehicle insured herein and will in addition be responsible for all costs and expenses incurred with its written

consent.

Provided always that

(1) this Endorsement does not indemnify the insuredin respect of any liability in cases where the insured holds or subsequentlyeffects with any insurer or group of insurers a

Policy of Insurance in respect of liability as herein defined for insureds general employees

(2) the insured shall take reasonable precautions to prevent accidents and shall comply with allstatutoryobligations

(3) in the event of the Policy being cancelled at the requestof the insured no refund of the premiumpaidin respect of this Endorsement will be allowed.

Subject otherwise to the terms conditions limitations and exceptions of the Policy except so far as necessary to meet the requirements of the Motor Vehicles Act, 1988.

LT -01 DEPRECIATION WAIVER

In consideration of the payment of an additional premium it is hereby understood and agreed that L & T General Insurance Company Ltd. undertakes to pay the amount

deducted towards the depreciation on replacement of parts if depreciation waiver is mentioned in the policy schedule and, if claim under Section I (Own Damage) of my

asset: Private Car Package Policy is valid and admissible.

Special conditions:

1) The benefits can be utilized for a maximum of two admissible claims during the policy period.

2) This benefit will not be used to change each and every part of the vehicle under my asset: Private Car Package Policy. The irreparability of part(s) will be decided by the

Surveyor/analyst as approved by LTGICL and not by You or the Repair Shop/Garage.

3) If the vehicle is not repaired at our tied up workshop, 10% of the payable amount under this cover will further be deducted. However, the discretion to waive the

deduction lies with LTGICL.

Exclusion(s):

We will not be liable for


3/3

Policy Number: 915101002947770100

3

1) Where a loss is covered with any other manufacturers warranty or recall campaign or under any other such packages at the same time

2) Any excess mentioned in my : asset Private Car Package Policy

Subject otherwise to the terms, exceptions, conditions and limitations of this policy.

private car policy schedule email

Documents