Product Offerings for Common ServiceCentre (CSC) Motor Insurance HDFC ERGO GENERAL INSURANCE
What is Motor Insurance?
• “Motor” as defined under
the Motor Vehicle Act is a self propelled vehicle, excluding vehicles running
on rails
•Motor Insurance covers any
accidental loss or damage which may result in
Creation of Liabilities
Accidental Injury / Death of Third Parties
Damage to Third Party Property
Result in a Financial Loss
Accidental Damage to own vehicles
Theft of Vehicle / Parts
•Motor Insurance is
PROTECTION against the accidental loss or damage to overcome the Liabilities
and Financial
Losses.
Type of - Motor Vehicles
•Private cars
•2 - wheelers
•Commercial vehicles Goods carrying
(A) ( trucks, Tempos & Pick ups etc)
Trailers
(B)
Passenger carrying
(C) (buses, taxis, Autos)
l Miscellaneous & Special type of vehicle -
D
(Agricultural tractors, cranes etc)
Motor Trade
Road Transit risks
(E) Road Risks / Trade plate / Trade Certificate
(F) Internal risks
Type of -
Motor Policies
• Liability Only Policy
Covers Third Party Liability for
Bodily Injury and/ or Accidental Death
Property Damage
• Package Policy
Covers loss or damage to
the insured vehicle, personal accident cover for
Driver and Occupants in
addition to the third Party liability coverage.
Own
Damage to the vehicle caused by:
Accidental External means, Burglary, House Breaking , Theft
Fire, Explosion, Self Ignition, Lightning lTerrorism, Riots, Strikes,
Malicious Acts Transit by road, rail, inland waterways, air or lift
Earthquake, Flood, Storm, Landslide or Rockslide
Protection and removal costs
lPrivate Cars: Up to `1500/-
Two Wheelers: Up to `300/-
Commercial Vehicles: Up to `2500/-
Accidental External means, Burglary, House Breaking , Theft
Fire, Explosion, Self Ignition, Lightning lTerrorism, Riots, Strikes,
Malicious Acts Transit by road, rail, inland waterways, air or lift
Earthquake, Flood, Storm, Landslide or Rockslide
Protection and removal costs
lPrivate Cars: Up to `1500/-
Two Wheelers: Up to `300/-
Commercial Vehicles: Up to `2500/-
Personal
Accident cover
Compulsory
PA for Owner driver
lCovers Accidental Death and Permanent Total Disability
Optional
Personal Accident cover
l Any Named Person other than Paid Driver and Cleaner
Unnamed Passengers other than Paid Driver and Cleaner
lPaid Drivers, Cleaner & Conductors
Third
party Liability
Death / Bodily Injury to
any person (occupant or non
occupant)
Damage to property
lLegal costs and related
expenses
Only for the liability
aspect – MACT and Not covered for
criminal proceeding
Limits
for Legal Liability
Unlimited for death
&/or bodily injury
For property damage
lLimit for
Private Car / Commercial Vehicles - 7.5 Lakh
lTwo
Wheeler is ` 1 Lakh
vedio link
OPTIONAL
LEGAL LIABLITY COVERAGES
l
Legal Liability to Paid
Driver, Cleaner, Conductor (All Classes)
Legal Liability to
Employees of Insured (other than driver, cleaner,
conductor) who may be
travelling / driving the Car (PVT Cars)
Legal Liability to persons
employed in connection with the
Operation / Maintaining /Loading/Unloading (GCV’s)
lLegal Liability to Paid
Driver and / or Conductor and / or Cleaner in
connection with the operation of
Motor Vehicle (PCV’s)
Add on
lZero depreciation
lLoss of use
No claim bonus protection
lEmergency Assistance
Engine & gear box protector
Cost of consumables
Return to Invoice
Rating Parameters
§Insured
Declared Value
§Location
§Age of the
vehicle
§Model
§Depreciation
Schedule for IDV
§Fuel type
Vehicle Age
|
% of Depreciation
|
Vehicle Age
|
% of Depreciation
|
Not exceeding 6 months
|
5%
|
Exceeding 2 years but not exceeding 3 years
|
30%
|
Exceeding 6 months but not
exceeding 1 year
|
15%
|
Exceeding 3 years but not exceeding 4 years
|
40%
|
Exceeding 1 year but not exceeding 2 years
|
20%
|
Exceeding 4 years but not exceeding 5 years
|
50%
|
§NCB slabs
are 20%,25%,35%,45%,50% for no claims made by
the insured in the last
consecutive 1, 2 ,3,4,5 years respectively
§In the
event of claim made last year NCB status stands at 0%.
Gross
Vehicle Weight (GVW) / Licensed Carrying Capacity (LCC) as applicable for commercial vehicles
HDFC ERGO General Insurance Company Ltd.
claim video link: https://youtu.be/M0vvRoLRPRQ
download Certificate- http://220.225.231.71:5835/ rap.aspx
download Certificate- http://220.225.231.71:5835/
You all are pass your Rap insurance exam kindly revert on this mail for general insurance training. helping no:9599369112 time:9:30 to 6:00
PRODUCT COMMISSION(PER POLICY)
Motor comprehensive insurance 8%(O.D part)+20 rupes
Motor Third party insurance per policy rs.47 +20 rupes (tentative)
Fire & Allied Perils Dwelling Insurance 8%
Personal Accident Insurance 12%
please find ppt
IF YOU HAVE ANY INQUIRY REGARDING POLICY RENEWAL & BUY
Kindly revert on this mail Id --
Motor comprehensive insurance 8%(O.D part)+20 rupes
Motor Third party insurance per policy rs.47 +20 rupes (tentative)
Fire & Allied Perils Dwelling Insurance 8%
Personal Accident Insurance 12%
please find ppt
IF YOU HAVE ANY INQUIRY REGARDING POLICY RENEWAL & BUY
Kindly revert on this mail Id --
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