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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