Motor Guidelines Motor Guidelines GR 1 MOTOR INSURANCE

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Motor Guidelines

Motor Guidelines

Motor Guidelines GR 1 MOTOR INSURANCE Included Private Cars Motorized Two Wheelers Commercial Vehicles

Motor Guidelines GR 1 MOTOR INSURANCE Included Private Cars Motorized Two Wheelers Commercial Vehicles Not Included Risks not provided in Guidelines Vehicles not in Motor Vehicles (MV Act)

Motor Vehicle WHAT IS A MOTOR VEHICLE? (Motor Vehicles Act) “motor vehicle” or “vehicle”

Motor Vehicle WHAT IS A MOTOR VEHICLE? (Motor Vehicles Act) “motor vehicle” or “vehicle” means any mechanically propelled vehicle: • Adapted for use on roads whether the power of propulsion is transmitted thereto from an external or internal source and • Includes a chassis to which a body has not been attached and • A trailer; But does not include: • a vehicle running upon fixed rails or • a vehicle of a special type adapted for use only in a factory or in any other enclosed premises or a vehicle having less than four wheels fitted with engine capacity of not exceeding [twenty-five cubic centimetres]

Motor Guidelines GR 2 Proposal Form • Commencement of Cover • Renewal with material

Motor Guidelines GR 2 Proposal Form • Commencement of Cover • Renewal with material alteration • IDV CHANGE - Signed letter through recorded delivery • Change of Insurer • Transfer of Insurance

Motor Guidelines GR 3 Types of Policies • Liability – TPI/TPD/TPPD, PA to Owner-Driver

Motor Guidelines GR 3 Types of Policies • Liability – TPI/TPD/TPPD, PA to Owner-Driver • Package – OD + Liability Rating

Motor Guidelines GR 4 Geographical Extension BBNPSM - Bangladesh, Bhutan, Nepal, Pakistan, Sri Lanka,

Motor Guidelines GR 4 Geographical Extension BBNPSM - Bangladesh, Bhutan, Nepal, Pakistan, Sri Lanka, Maldives Package Policy • Rs 500/- irrespective of class of vehicle Other Policies • Rs 100/- irrespective of class of vehicle ENDT 1

Motor Guidelines GR 5 6 7 VINTAGE CARS 31. 12. 1940 01. 1941 CLASSIC

Motor Guidelines GR 5 6 7 VINTAGE CARS 31. 12. 1940 01. 1941 CLASSIC CARS 31. 12. 1970 VALUED POLICIES • Vintage Cars Only • Sum Insured = Agreed Sum • TL/CTL – No depreciation ENDT 2

Motor Guidelines GR 8 INSURED’S DECLARED VALUE - IDV • IDV = SI •

Motor Guidelines GR 8 INSURED’S DECLARED VALUE - IDV • IDV = SI • IDV = (Manufacturer’s listed SP) - (Depreciation as per GR 8) • Fixed at commencement of each policy period • IDV for Side Car and/or Accessories also to be fixed likewise • Not subject to change during policy period CONSTRUCTIVE TOTAL LOSS - CTL • If {Cost of Retrieval + Cost of Repair}* > 75% of IDV * Subject to terms and conditions of policy • Maximum Liability ≯ {IDV – Value of Wreck}

Motor Guidelines GR 8 � Schedule of Depreciation for arriving at IDV: Age of

Motor Guidelines GR 8 � Schedule of Depreciation for arriving at IDV: Age of the Vehicle % of depreciation Not exceeding 6 months 5% Exceeding 6 months but not exceeding 1 year 15% Exceeding 1 year but not exceeding 2 years 20% Exceeding 2 years but not exceeding 3 years 30% Exceeding 3 years but not exceeding 4 years 40% Exceeding 4 years but not exceeding 5 years 50%

Motor Guidelines GR 9 DEPRECIATION ON PARTS FOR PARTIAL LOSS CLAIMS 1. 2. 3.

Motor Guidelines GR 9 DEPRECIATION ON PARTS FOR PARTIAL LOSS CLAIMS 1. 2. 3. 4. 5. Rate of depreciation 50% Rate of depreciation schedule Rate of depreciation for all rubber nylon/ plastic parts, tyres and tubes, batteries and air bags for all fibre glass components - 30% for all parts made of glass – Nil for all other parts including wooden parts is to be as per the following for paint material – 50% AGE OF THE VEHICLE Not exceeding 6 months Exceeding 6 months but not exceeding 1 year Exceeding 1 year but not exceeding 2 years Exceeding 2 years but not exceeding 3 years Exceeding 3 years but not exceeding 4 years Exceeding 4 years but not exceeding 5 years Exceeding 5 years but not exceeding 10 years Exceeding 10 years % OF DEPRECIATION Nil 5% 10% 15% 25% 35% 40% 50%

Motor Guidelines GR 9, 10 DEPRECIATION ON PARTS FOR PARTIAL LOSS CLAIMS GR 10:

Motor Guidelines GR 9, 10 DEPRECIATION ON PARTS FOR PARTIAL LOSS CLAIMS GR 10: GEOGRAPHICAL ZONES

Motor Guidelines GR 10: GEOGRAPHICAL ZONES For the purpose of rating, whole of India

Motor Guidelines GR 10: GEOGRAPHICAL ZONES For the purpose of rating, whole of India has been divided into various zones depending upon the location of the office of registration of the vehicle concerned.

Motor Guidelines GR 11 PERIOD OF INSURANCE • Maximum period of Insurance – 12

Motor Guidelines GR 11 PERIOD OF INSURANCE • Maximum period of Insurance – 12 months

Motor Guidelines GR 12 SHORT PERIOD COVER

Motor Guidelines GR 12 SHORT PERIOD COVER

Motor Guidelines GR 13 DISPLAY OF PREMIUM • OD and Liability premium displayed separately

Motor Guidelines GR 13 DISPLAY OF PREMIUM • OD and Liability premium displayed separately • All permissible loadings/discounts displayed separately • OD and Liability premium to be rounded off separately

Motor Guidelines GR 14 COMPUTATION OF PREMIUM GR 15 PAYMENT OF PREMIUM GR 16

Motor Guidelines GR 14 COMPUTATION OF PREMIUM GR 15 PAYMENT OF PREMIUM GR 16 MINIMUM PREMIUM

Motor Guidelines GR 17 TRANSFER OF INSURANCE • Automatic/deemed transfer of Liability Only/Liability portion

Motor Guidelines GR 17 TRANSFER OF INSURANCE • Automatic/deemed transfer of Liability Only/Liability portion of Package Policy from Date of Transfer of ownership • OD Portion: • Request from Transferee & Consent of Transferor • All Details – Registration, Date of transfer, Previous Owner, Insurance Details • If within 14 days : Cover From Date of Transfer • If after 14 days : Cover From Date of Request • Sufficient evidence of Sale • Fresh Proposal Form • Surrender of old Certificate of Insurance • Transfer fee = Rs 50/- + S. Tax ENDT 3

Motor Guidelines GR 18 CHANGE OF VEHICLE • Substitute with vehicle of same class

Motor Guidelines GR 18 CHANGE OF VEHICLE • Substitute with vehicle of same class for balance period • Premium on Pro-rata basis from Date of Substitution subject to adjustment of premium • If substituted vehicle is not a total loss, evidence of continuation of insurance to be submitted ENDT 4

Motor Guidelines MOTOR INSURANCE

Motor Guidelines MOTOR INSURANCE

Motor Guidelines • • HIRE PURCHASE AGREEMENT GR 19 Policy in the name of

Motor Guidelines • • HIRE PURCHASE AGREEMENT GR 19 Policy in the name of Hirer Only not in joint names of Hirer and Owner Endorsement 5 Payment of costs other than repair and/or replacement to Owner PA Cover to Owner- Driver continued as earlier. • • ENDT 5 LEASE AGREEMENT • • HYPOTHECATION AGREEMENT GR 21 GR 20 • • Policy in the name of Lessee Only not in joint names of Lessee and Lessor Endorsement 6 Payment of costs other than repair and/or replacement to Lessor PA Cover to Owner- Driver continued as earlier. • • ENDT 6 Policy in the name of Registered Owner Only not in joint names of Registered Owner & Pledger Endorsement 7 Payment of costs other than repair and/or replacement to Pledger PA Cover to Owner- Driver continued as earlier. • • ENDT 7

Motor Guidelines GR 22: COVER NOTE • Format: FORM 52, Rule 142, Sub rule(2)

Motor Guidelines GR 22: COVER NOTE • Format: FORM 52, Rule 142, Sub rule(2) of Central MV Rules 1989 • Policy of Insurance to be given by Insurer before expiry of Cover Note GR 23: CERTIFICATE OF INSURANCE • Format: FORM 51, Rule 141 of Central MV Rules 1989

Motor Guidelines GR 24 CANCELLATION OF INSURANCE • Balance Premium to be refunded •

Motor Guidelines GR 24 CANCELLATION OF INSURANCE • Balance Premium to be refunded • Cancellation only after (Only if no Claim reported and retention of minimum period in case request of cancellation is made by the Insured) • Confirmation that vehicle insured elsewhere (at least Liability Only) • Surrender of Original Certificate • Insurer to inform RTA by recorded delivery for cancellation of insurance.

Motor Guidelines GR 24 DOUBLE INSURANCE • When two policies for same vehicle with

Motor Guidelines GR 24 DOUBLE INSURANCE • When two policies for same vehicle with identical cover • Premium to be refunded (Minimum Premium as per Guidelines to be retained)

Motor Guidelines DOUBLE INSURANCE

Motor Guidelines DOUBLE INSURANCE

Motor Guidelines GR 25 CANCELLATION AND ISSUANCE OF FRESH CERTIFICATE • Following any change

Motor Guidelines GR 25 CANCELLATION AND ISSUANCE OF FRESH CERTIFICATE • Following any change in Information as on Certificate of Insurance • Change in Engine/Chassis No to be intimated immediately • Due endorsement on RC • Return of old Certificate of Insurance • Remittance of Rs 50/- + S. T.

Motor Guidelines GR 26 CERTIFICATE/COVER NOTE – DESTROYED, TORN, SOILED, DEFACED OR MUTILATED Declaration

Motor Guidelines GR 26 CERTIFICATE/COVER NOTE – DESTROYED, TORN, SOILED, DEFACED OR MUTILATED Declaration by Insured to Insurer with full particulars of loss OR Returns the original in torn/soiled/defaced or mutilated form AND Payment of Rs 50/- + ST for new certificate The word “Duplicate” to be prominently endorsed

Motor Guidelines GR 27 NO CLAIM BONUS - NCB • Only on OD Section

Motor Guidelines GR 27 NO CLAIM BONUS - NCB • Only on OD Section of all Policies, except: • Motor Trade • Policies covering only Fire and/or Theft • Max NCB = 50% (if Sunset Clause – (1 st July 2002 to 30 th June 2003) not applicable) • Follow the Fortune of the Original Insured and not the vehicle or policy • Substituted Vehicle • Death of Insured • Sold/Laid up -till 3 years NCB is protected(i. e. the NCB earned at expiry of last 12 months period of Insurance is protected) • NCB earned Abroad within 3 years(evidence has to produced) • No NCB if renewal not within 90 days of expiry(Except 3 years as mentioned in point 4) • NCB Allowed only when continuous insurance for 12 months without break

Motor Guidelines GR 27 NO CLAIM BONUS

Motor Guidelines GR 27 NO CLAIM BONUS

Motor Guidelines GR 27 NO CLAIM BONUS

Motor Guidelines GR 27 NO CLAIM BONUS

Motor Guidelines GR 27 NO CLAIM BONUS

Motor Guidelines GR 27 NO CLAIM BONUS

Motor Guidelines GR DISCOUNT/ CONCESSION DETAILS ENDT GR 28 AUTOMOBILE ASSOCIATION 5% of OD

Motor Guidelines GR DISCOUNT/ CONCESSION DETAILS ENDT GR 28 AUTOMOBILE ASSOCIATION 5% of OD (Max. Rs 200/- on PC, Rs 50/- on 2 Wh) MEMBERSHIP For PC and Mot. 2 Wh. Only 8 GR 29 VINTAGE CARS PC certified by Vintage and Classic Car Club of India 25% of OD and/or TP 9 GR 30 ANTI-THEFT DEVICES All Except Motor Trade Device Approved by ARAI, Pune and Installation certified by any Automobile Associations in India 2. 5% of OD (Max. Rs 500/-) 10 GR 31 CONCESSION FOR LAID-UP VEHICLE (Laid up in Garage and not in Use for two or more consecutive months) Pro-rata return (deducted from next renewal)/ Extension of policy period 11 -A 11 -B/ 11 -C

Motor Guidelines GR DISCOUNT/ CONCESSION DETAILS GR 32 MIDTERM INCLUSION/CANCELLATION Allowed only once during

Motor Guidelines GR DISCOUNT/ CONCESSION DETAILS GR 32 MIDTERM INCLUSION/CANCELLATION Allowed only once during currency of policy GR 33 SPEC DESIGNED/ MODIFIED VEHICLES FOR BLIND/HANDICAPPED/MENTA LLY CHALLENGED 50% on OD (if suitable endorsement by concerned RTA) ENDT 12

Motor Guidelines GR 34 REGISTRATION, USE AND INSURANCE Not permissible to insure vehicle: •

Motor Guidelines GR 34 REGISTRATION, USE AND INSURANCE Not permissible to insure vehicle: • In name of Insured not recorded as owner excepting • Motor Trade Risk • Lease/ Hire Purchase.

Motor Guidelines GR 35 No DISCOUNT/ CONCESSION DETAILS ENDT I USE CONFINED TO OWN

Motor Guidelines GR 35 No DISCOUNT/ CONCESSION DETAILS ENDT I USE CONFINED TO OWN PREMISES (All classes of Vehicles) Premises where public have no general right of access, Vehicle should not be licensed by authorities for general road use except (vehicle required to fight fire) Discount of 33 1/3% 13 II USE CONFINED TO SITES (Applicable to Goods Carrying Vehicles) Premises where public have no general right of access, Vehicles not required to be registered under MV Act Discount of 33 1/3% 14

Motor Guidelines GR 36 COMPULSORY PA FOR OWNER DRIVER UNDER MOTOR POLICY • •

Motor Guidelines GR 36 COMPULSORY PA FOR OWNER DRIVER UNDER MOTOR POLICY • • • Under both Liability Only and Package Policies (Except Motor Trade Policies) Only registered owner having valid DL Mounting, dismounting & travelling CSI 1 L for 2 Wh. , 2 L for Pvt. Car, Commercial Vehicles Cover - 100% of CSI for Death/Permanent Total Disablement, 50% of CSI for Loss of One Limb/Eye

Motor Guidelines GR 36 OPTIONAL PA FOR PERSONS OTHER THAN OWNER DRIVER No TYPE

Motor Guidelines GR 36 OPTIONAL PA FOR PERSONS OTHER THAN OWNER DRIVER No TYPE OF VEHICLE PA COVER TO ENDT 1 PC, 3 Wh. , Mot. 2 Wh. Insured or (with/without side car) Any other named person other than paid NOT FOR HIRE OR REWARD driver and cleaner 15 2 PC, 3 Wh. , Mot. 2 Wh. Unnamed passengers (limited to carrying (with/without side car) capacity), other than insured, paid driver NOT FOR HIRE OR REWARD and cleaner 16 3 All Classes of Vehicles Paid Drivers, Cleaners and Conductors 17 4 Mot. 2 Wh. with/ without side car FOR HIRE OR REWARD Unnamed hirer/driver 18

Motor Guidelines GR 37: VEHICLES IMPORTED WITHOUT CUSTOMS DUTY • For vehicles of Embassies,

Motor Guidelines GR 37: VEHICLES IMPORTED WITHOUT CUSTOMS DUTY • For vehicles of Embassies, Consulates etc. where Import Duty not included in IDV – Loading of 30% on OD ENDT 19

Motor Guidelines GR 39 TPPD COVER • TPP: Other than the property belonging to

Motor Guidelines GR 39 TPPD COVER • TPP: Other than the property belonging to the insured or held in trust or in custody or control of the insured • Statutory limit of TPPD = Rs 6000/- (as provided by MV Act) • If Statutory limit opted for, Base TP Premium to be reduced by: Rs 200/- for Class 1, Rs 150/- for Class 2, Rs 100/- for Class 3 & Rs 50/- for Class 4 ENDT 20

Motor Guidelines GR 40 COMPULSORY DEDUCTIBLES CLASS OF VEHICLE ENDT COMMERCIAL VEHICLES Excluding Taxis

Motor Guidelines GR 40 COMPULSORY DEDUCTIBLES CLASS OF VEHICLE ENDT COMMERCIAL VEHICLES Excluding Taxis and Mot. 2 Wh. For hire or reward 21 Reinstate Exclusions in Endorsement 21 by payment of additional premium @15% of Total Gross OD Premium (before appl. Of any discount) 23 PVT CARS, 3 Wh. RATED AS PVT CARS, ALL MOT. 2 Wh. & TAXIS 22

Motor Guidelines GR 40 TYPE OF VEHICLES Commercial Vehicles (other than vehicles ratable under

Motor Guidelines GR 40 TYPE OF VEHICLES Commercial Vehicles (other than vehicles ratable under Class. D, E, F and G of CVT) COMPULSORY DEDUCTIBLES Goods carrying Vehicles Passenger carrying Vehicles Not exceeding 7500 Kg. GVW Not exceeding 17 passengers 500/- Exceeding 7500 Kg. GVW but not exceeding 16500 Kg. GVW Exceeding 17 passengers but not exceeding 36 passengers 1000/- Exceeding 16500 Kg. GVW Exceeding 36 passengers 1500/- Vehicles ratable under Class D of the Commercial Vehicles Tariff (CVT) 0. 5% of IDV of the vehicle subject to a minimum of Rs. 2000/- Vehicles ratable under Class E, F and G of the Commercial Vehicles Tariff (CVT) Rs. 50/-for two-wheelers and Rs. 500/- for others Taxis and Three Wheelers rated as Commercial Vehicles (Not exceeding 1500 cc) 500/- Taxis and Three Wheelers rated as Commercial Vehicles (Exceeding 1500 cc) 1000/- Private Cars including three wheelers rated as Private Cars(Not exceeding 1500 cc) 1000/-* Private Cars including three wheelers rated as Private Cars (Exceeding 1500 cc) 2000/-* Motorized Two Wheelers 100/-*

Motor Guidelines GR 27 COMPULSORY DEDUCTIBLE

Motor Guidelines GR 27 COMPULSORY DEDUCTIBLE

Motor Guidelines GR LOADING DETAILS ENDT GR 41 ELECTRICAL/ ELECTRONIC FITTINGS 4% ON VALUE

Motor Guidelines GR LOADING DETAILS ENDT GR 41 ELECTRICAL/ ELECTRONIC FITTINGS 4% ON VALUE OF FITTINGS 24 GR 42 CNG/LPG IF VALUE SEPARATELY AVAILABLE: 4% on value of kit IF VALUE NOT SEPARATELY AVAILABLE: 5% ON OD Premium Rs 60/- for Liability Only Cover(Additional Premium) 25 GR 43 FIBRE GLASS FUEL TANKS Rs 100/- Class D of Commercial Vehicles on OD Section Rs 50/- Rest On OD Section GR 44 VEHICLES FOR DRIVING TUITIONS For vehicles approved by RTA having double clutches, double brakes and professional tutor 60% on both OD and Liability Only for 3 Wh. , mot. 2 Wh. 60% on OD for others

Motor Guidelines GR 45 A RESTRICTED COVER FOR FIRE AND/OR THEFT RISK • Only

Motor Guidelines GR 45 A RESTRICTED COVER FOR FIRE AND/OR THEFT RISK • Only while in garage and not in use • Declaration that vehicle will not be used at all • Fire/Theft Only: 0. 50% on IDV • Fire and Theft: 0. 75% on IDV • Compulsory Deductible applicable • Additional premium for Electrical/Electronic, CNG/LPG, Compulsory PA to Owner. Driver applicable • Only discount for voluntary Deductibles permissible • Not for Class D, E, F and G ENDT 26

Motor Guidelines GR 45 B RESTRICTED COVER FOR LIABILITY ONLY AND FIRE AND/OR THEFT

Motor Guidelines GR 45 B RESTRICTED COVER FOR LIABILITY ONLY AND FIRE AND/OR THEFT RISK • Liability Only + Fire: Liability Only Premium + 25% of OD • Liability Only + Theft: Liability Only Premium + 30% of OD • Liability Only + Fire and Theft: Liability Only Premium + 50% of OD • Compulsory Deductible applicable • Additional premium for Electrical/Electronic, CNG/LPG, Compulsory PA to Owner-Driver applicable • Discount for voluntary Deductibles, Membership of Recognized Automobile Associations permissible • NCB on Fire and/or Theft component applicable • Not for Class D for Misc and Special Type of Vehicles ENDT 27

Motor Guidelines GR 46 VEHICLES DRIVEN BY NON-CONVENTIONAL SOURCE OF POWER • Pvt. Cars/

Motor Guidelines GR 46 VEHICLES DRIVEN BY NON-CONVENTIONAL SOURCE OF POWER • Pvt. Cars/ Taxis below 1000 cc and Mot. 2 Wh. between 150 cc 350 cc : Normal Rates • All others: Referred to HO • For vehicles driven solely by non-conventional source of power but exempted from compulsory motor insurance policy: Referred to HO for Special Contingency Policy

Motor Guidelines GR 47 ADDITIONAL TOWING CHARGES GR 48 SUBMISSION OF STATISTICS GR 49

Motor Guidelines GR 47 ADDITIONAL TOWING CHARGES GR 48 SUBMISSION OF STATISTICS GR 49 INTERPRETATION OF MOTOR GUIDELINES