Page 398 - Motor Insurance Ebook IC 72

The Insurance Times

The above discount is applicable only for Own Damage
premium under section I of the Package policy. Policies
covering fire and/ or Theft risks only are not eligible
for the discount.

The discount applies to both new business and renewals.
If the insured becomes a member of any of the above
automobile Associations, during the currency of the
policy, the discount may be allowed pro-rata calculated
from the date of his membership of the Association
concerned.

On cancellation or termination of the Automobile
Associations during the currency of the policy, pro-rata
discount from the date of cancellation / termination f
membership till the expiry of the policy is to be recovered
from the insured.

Application of the account will require attachment of
Endorsement IMT - 8. the insurers, however, should
ascertain the validity of the membership at each renewal
before granting the discount.

The discount is applicable only to individual owners or
joint owners or companies who are the members of
the above mentioned Automobile Associations. A
member of the above mentioned Automobile

Website: www.bimabazaar.com Call: 033-22184184 / 40078428 398

Copyright@ The Insurance Times. 09883398055 / 09883380339