Page 357 - Motor Insurance Ebook IC 72
P. 357

Guide for Motor Insurance

      b) Minimum Premium - Minimum premium is Rs.
          100/- per vehicle except "Act Only" premium for
          Motor Cycles/Scooters/Auto Cycles. Minimum
          premium for vehicles specially designed for
          handicapped persons will be Rs. 151 only.

      c) Addition of benefits during currency of policy -
          Any extra benefits may be added and limitation
          cancelled once only during the currency of an annual
          policy up to expiry date on a pro rata basis subject
          to the minimum premium applicable. When an extra
          benefit has been so added or limitation so cancelled,
          no return of additional payment by the insured may
          subsequently be allowed.

      d) Inclusion of riot, strike, earthquake, flood perils
          during the currency of the policy - At the inception
          of the policy the insured can opt for exclusion of
          riot, strike, earthquake, flood perils. If the insured
          exercises the option of excluding these covers from
          the policy, it is not permissible to include these perils
          during the currency of the policy.

Q 8.  Discuss the Tariff Provisions for granting Personal
Ans.  Accident Cover under Motor Policies.
      Personal Accident cover for limited duration my be
      granted under Motor Policies. This cover shall be

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