Page 151 - Liability Insurance IC74

Guide for Liability Insurance

substances.
(vi) Whilst being transported by rail/road/pipeline.
(vii)For claims made during the policy period.
(viii) Subject to the limits of indemnity.

The discounts of premium available under this policy -
Repeat of Q5 of May 2009

Insured can opt for voluntary excess, for which
discounts in premium are granted. Voluntary Excess is
applicable to both (i) death/bodily injury claims and (ii)
property damage claims inclusive of defence costs
arising out of 'AOA'.

Voluntary excess limit may range, on a scale from 5%
to 50% of AOA limit and the discounts may range, on a
scale, from 2.5% to 25%.

If the insured has both the 'Act' policy, that is, the
compulsory insurance policy under the provisions of the
Public Liability Insurance Act, 1991 as well as P.L policy,
on the same premises, a discount equivalent to a certain
percentage of the premium paid on the 'Act' policy is
allowed under the P.L policy.

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