Page 236 - Motor Insurance Ebook IC 72

The Insurance Times

ii) Over 5 to 7 years - Subject to inspection and
satisfactory claims experience.

iii) Over 7 years and up to 10 years - Subject to
satisfactory inspection and a compulsory
excess of Rs. 2,500/ -; Over 10 years - Act
only cover should be granted.

iv) Disposal vehicles - On inspection and subject
to further compulsory excess of Rs. 500/-
(without any discount).

v) Renewal to be offered with normal terms
subject to satisfactory claims experience.
Over 12 years Act only cover should be
granted on renewal.

2) Public Carriers
i) Upto 5 years - Comprehensive cover may be granted

without much consideration.
ii) Over 5 years and up to 6 years - Subject to

inspection and satisfactory claims experience or
additional compulsory excess
iii) Over 7 years Act only cover should be granted. Up
to a period of 10 years Renewal to be offered with
normal terms subject to satisfactory claims
experience. Over 10 years Act only cover should
be granted on renewal.

Most of these guidelines are still followed with minor

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