| The motor vehicle
insurance certificate is a legal requirement as
per Motor Vehicle Act 1988 (sec 146 &
147). It gives financial protection from
accidental risk. It is very much dangerous and
illegal to drive a motor vehicle without
insurance.
|
| Type of motor vehicle
insurance |
| Third party policy : This
covers the risk or damages caused to the third
person. Personal injuries and personal vehicle
damages will not be covered by this policy. For
two wheeler vehicles we can take this policy for
life time. For other vehicles this policy has to be
renewed annually. This is the cheapest available
motor vehicle insurance policy. This policy can be
renewed two months in advance of its expiry. |
| Comprehensive policy : This
is the costly policy. It covers both personal and
third party risk. We have to renew this policy
annually, and it can be renewed two months in
advance anywhere in India.
|
| Duplicate insurance
certificate : |
| If the motor vehicle
insurance certificate is lost or defaced,
duplicate copy may be obtained by making an
application to the concerned Insurance company
branch by paying fees of Rs. 50/-.
|
| Transfer of insurance
:
|
| Third party insurance
policy changes automatically when the registered
owner changes. In case of comprehensive policy an
application is to be made for change of ownership
in the policy.
|
| Accident Claims
:
|
| To obtain motor vehicle
claims of an accident, one has to make detailed
claim to the concerned insurance company. One who
makes a claim application has to give following
documents:
|
| 1 |
Valid driving
licence.
|
| 2 |
Valid insurance
certificate. |
| 3 |
Valid registration
certificate.
|
| 4 |
Valid tax
certificate.
|
| 5 |
First information
report (FIR).
|
| 6 |
Valid permit for a
transport vehicle. |
| 7 |
Valid fitness
certificate for transport vehicles.
|
| 8 |
Claim estimation report
by an authorised surveyor of the Company. |
|
