(Formerly Known As Bajaj Allianz General Insurance Co. Ltd.) Bajaj Insurance House, Airport Road,
Yerawada, Pune - 411 006. Reg. No.: 113 CIN: U66010PN2000PLC015329 |
UIN: IRDAN113RP0026V01200102 For more details, log on to : www.bajajgeneralinsurance.com or
call at : Sales - 1800 209 0144 / Service - 1800 209 5858 (Toll Free No.)
TWO WHEELER PACKAGE POLICY (POLICY WORDINGS)
In order to obtain insurance from Bajaj General Insurance Ltd. (hereinafter referred to as "Company"), the Insured made a proposal and declaration on the date specified in the Schedule, which will serve as the foundation of this contract and is deemed to be included herein.
has paid the premium listed in the schedule as payment for the insurance against accidental loss or damage sustained during the Policy Term.
(The term "Two Wheeler" as used in this Tariff refers to any motorized two-wheeled vehicle listed in the Schedule, including Motorcycles, Scooters, and Auto Cycles.)
NOW THIS POLICY WITNESSES: That subject to the Terms, Exceptions, and Conditions contained herein or endorsed or otherwise expressed above.
SECTION I : LOSS OR DAMAGE TO THE VEHICLE INSURED
The Company will indemnify the insured against loss or damage to the insured car and/or its accessories while it is there.
a) by self-ignition from a fire explosion or by lightning;
b) as a result of theft, home intrusion, or burglary;
c) through strike and rebellion
d) by earthquake (shock and fire damage)
frost, cyclone, hailstorm, tempest, storm, inundation, hurricane, deluge, flood.
f) by external means that were accidental
g) in an evil way
h) due to terrorist activity
i) during passage by air or lift, inland water route, rail, or roadway
j) because of landslides or rockslides
Subject to a deduction for depreciation at the below rates for parts that have been replaced:
1. 50% for all rubber, nylon, plastic components, tires, and batteries.
2. 30% for fiberglass parts
3. No Glass components
4. For all other parts, including wooden parts, the rate of depreciation will be as follows:
VEHICLE AGE
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5. For policies that begin on or after February 1, 2013.
Rate of Depreciation for Painting: The depreciation rate of 50% will be applied to the material cost of the overall painting project.
painting fees. The material component of a painting invoice will be deemed to be 25% of the total painting amount if there is a consolidated bill for painting services.
charges to be depreciated.
The Company shall not be responsible for making any payments in relation to:
a) loss due to depreciation, wear and tear, mechanical and electrical breakdown failures, or breakages;
b) Damages to tyres and tubes unless the vehicle is damaged at the same time, in which case the Company's liability will be limited to 50% of the cost of replacement ;
c) Loss or damage to accessories as a result of burglary, housebreaking, or theft, unless the Vehicle is stolen at the same time; and
d) any unforeseen loss or damage sustained while the Insured or any other person is driving with the Insured's knowledge and approval;
being impacted by drugs or alcohol.
The Company will cover the reasonable costs associated with the Vehicle being incapacitated as a result of loss or damage covered under this Policy.
The expense of safeguard and removal to the nearby repairer and of redeliver to the Insured, but not more than Rs.300 in total for each, is. One calamity.
The Insured is permitted to approve the repair of the Vehicle that was required by damage for which the Company might be held accountable under this Policy.
on the condition that:-
The projected cost of such repair, including any necessary replacements, does not exceed Rs. 150.
b) The Company receives a thorough estimate of the repair costs without delay and
c) The Insured must do whatever is necessary to ensure the repair is needed and the costs are fair.
DECLARED VALUE (IDV) OF THE INSURED - SUM INSURED
The "SUM INSURED" for the purposes of this policy will be considered to be the vehicle's Declared Insured Value (IDV), which is established at
the beginning of every policy period for the insured car.
Based on the manufacturer's listed price, the vehicle's IDV (and any side car/accessories attached to the vehicle) must be determined.
The insured car's brand and model selling price at the beginning of the insurance policy or renewal, less depreciation.
(in accordance with the following timetable).
For the purpose of total loss/constructive total loss (TL/CTL), the depreciation schedule by age shown below is in effect.
just assertions.
The IDV of cars older than five years and of obsolete vehicle models (i.e., models that the producers have stopped making) An agreement between the insurer and the insured should serve as the foundation for determining the deductible (which is subject to a 5% minimum of the amount required to repair or rebuild the property in the event of loss or damage, or of the new value of the property in the case of manufacturing). IDV should be regarded as the Throughout the duration of the insurance, "market value" will be used to determine a Total Loss (TL) / Constructive Total Loss, without further reduction. allegations (CTL).
If the total cost of retrieving and/or repairing the insured car, subject to terms and conditions, exceeds the insured amount, the vehicle will be considered a CTL. exceeds 75% of the vehicle's IDV under the terms of the policy.
SECTION II - LIABILITY TO THIRD PARTIES
1. Subject to the limitations of liability as specified in the Schedule hereto, the company shall indemnify the insured in the event of an
accident caused by or arising from the use of the insured vehicle against all sums for which the insured will be legally accountable
pay on account of
i. demise or actual physical harm caused to any individual (including people riding in the insured vehicle, so long as those people are not
carried for hire or recompense) but save to the extent required to satisfy the conditions of the Motor Vehicles Act, the
Where such death or injury arises out of and in the course of such person's employment, the company shall not be responsible.
by the policyholder,
ii. property damage that does not belong to the insured or is not held in trust or is not under the control or custody of the insured.
covered.
ALWAYS PROVIDED that the Corporation shall not be responsible for any injury, damage, or death that occurs outside of any borders.
A road or thoroughfare used to bring a load to a vehicle for loading or to remove a load.
The cargo from the vehicle after it has been unloaded.
2. Any costs and expenses incurred with the Company's written approval will be paid by the Company.
3. Subject to the limitations set forth in this Section's indemnity to the Insured, the Company will indemnify any person who is legally responsible for operating, maintaining, or using the Vehicle for social, domestic, or pleasure purposes as long as they operate it with the Insured's written consent, provided that:
Driver is defined as any individual operating the Insured's vehicle at the Insured's direction or with the Insured's consent, provided that such Driver shall act in accordance with
He/she was subject to, observed, and fulfilled the conditions, exclusions, and terms of this Policy to the extent that they apply, as the Insured.
In the event of a death of an individual who is entitled to indemnity under the Policy, the Company will incur liability in respect thereof.
provided that his/her personal representatives are compensated by such individual in accordance with and subject to the restrictions of this policy;
the terms must be followed, fulfilled, and subject to by such personal representatives as if they were the Insured.
conditions and exceptions to this Policy as they apply.
5. The Company may choose to (a) provide representation at any Inquest of Fatal Inquiry for any death that has occurred.
(b) undertake the defence of proceedings in any Court of Law in respect of claims, which might be the subject of indemnity under this policy and may be the subject of indemnity under this policy.
any act or suspected offense that relates to or results from an incident that might be covered by this policy's indemnity.
RIGHT TO RECUPERATE AND AVOIDANCE OF SPECIFIC TERMS
Nothing in this Policy or any endorsement hereon shall affect the right of any indemnified party or any other party to
restore a sum under or due to the Motor Vehicles Act's Provisions.
However, the Insured must return to the Company any money that the Company would not have had to pay if not for the repayment.
the aforementioned clause.
Application of Indemnity Limits
In the case of an accident requiring compensation for more than one individual, any restriction imposed by the provisions of this insurance and/or any of them Any indemnity endorsement on it must be applied to the total amount of indemnity provided to all indemnitees, and The insured will have priority in receiving such indemnity.
SECTION III - OWNER-DRIVER PERSONAL ACCIDENT COVERAGE
Subject to the terms, exceptions, conditions, and restrictions of this policy, the Company promises to pay compensation as
according to the following scale for physical injury / death incurred by the owner-driver of the car in direct relation to the vehicle caused by violent accidental injury to the insured while boarding or disembarking from or riding as a co-driver in the insured vehicle
exterior and apparent means that, independent of any other reason, will within six calendar months after such damage lead in:
Amount of Compensation Scale of Injuries
(I) Death at 100%
(II) 100% loss of two extremities or two eyes, or one limb and sight of one eye
(III) Losing one eye or one limb is 50% possible.
(IV) 100% of injuries other than those listed above that result in permanent total disability.
provided, always, that
a) the compensation should be paid in accordance with just one of the aforementioned clauses (i) to (iv) in the event that the owner driver experiences any of the situations.
The total liability of the insurer shall not exceed Rs. 15 in the aggregate and in one event. Lakh during any given period of time.
duration of the insurance.
b) no compensation shall be due for death or physical harm that occurs or results either directly or indirectly, fully or partially.
from or traceable to
(a) Deliberate self-harm, suicide or attempted suicide, physical defect or weakness, or
(b) an accident occurring while the individual is under the influence of drugs or intoxicating beverages.
Such payment must be made straight to the insured or his/her legal representatives, and their receipt must be complete.
release pertaining to the insured's damage.
Policy Wording for Two-Wheeler Package Policies
1) This cover is subject to the conditions listed below.
(a) the owner-driver is the registered owner of the vehicle insured herein;
(b) This policy's named insured is the owner operator.
(c) the owner-driver possesses a current driving license, as required by Rule 3 of the Central Motor Vehicles Rules;
At the time of the collision, the Regulations were issued in 1989.
COMMON EXCEPTIONS
(Applicable to all sections of the Policy)
The Company shall not be responsible for:
1. Geographical Area excluding any unanticipated damage, loss, or obligation that was incurred, sustained, or caused.
2. Any claim stemming from any contractual responsibility.
3. Any unexpected loss, damage, and/or responsibility sustained, caused, or incurred while the Vehicle insured herein is:
a) Being utilized in a manner other than that specified in the Limitations as to Use, or
b) Is being driven by him/her, or is intended to be driven by him/her, in the custody of a person other than a Driver as mentioned in the driver's clause.
a) Any loss or damage to any property, whether accidental or otherwise, or any loss or expense resulting from or caused by such loss or damage.
any resulting loss
b) Liability caused by, contributed to by, or arising from ionizing radiation in any manner, directly or indirectly.
any radioactive contamination caused by nuclear fuel or nuclear waste produced by burning nuclear fuel. For
For the purposes of this exclusion, combustion will include any self-sustaining nuclear fission process.
5. Nuclear weapons, whether they contribute to, cause, or arise from them, directly or indirectly, can cause loss, damage, or liability.
material, content, matter
Any accidental loss, damage, and/or liability brought on, or contributed to, either directly or indirectly, proximately or remotely, by, or in any other way, in any way associated with, or resulting from, any act or omission, or failure to act or omission, by the Insured or any other person, or any cause whatsoever, shall not be covered by this Policy.
traceable to, arising from, or in connection with war, invasion, hostile acts committed by outside forces, or military actions.
(regardless of whether a declaration of war has been made or not), military or usurped power, or any other method.
the Insured must demonstrate that the unintentional event was not caused by any of the stated occurrences and in the case of any claim under this policy
loss damage and/or liability resulted from or was not in any manner related to or caused by or contributed to by or
In the absence of such proof, the Company shall not be responsible or traceable to any of the aforementioned occurrences or any of its results.
to make any payment in relation to such a claim.
Deductible
The Company shall not be responsible in respect of each and every claim under Section - 1 (Loss of or damage to the vehicle insured) of this policy.
respect for the deductible mentioned in the schedule.
CONDITIONS
This Policy and the Schedule shall be construed concurrently, and any word or expression to which a particular meaning has been assigned in either the Policy or the Schedule shall bear the same meaning in the other.
Wherever they occur, parts of the Schedule or this Policy shall have the same meaning.
Upon the happening of any unintentional loss or damage, the Company must be alerted in writing right away.
should any claim arise, the insured must provide the company with any information or assistance it may need. Every
A letter, claim, writ, summons, or copy thereof that is received by the Company must be sent to the Company right away.
Having insurance. The Insured shall also give prompt written notice to the Company upon learning of any impending event.
Prosecution Investigation or Fatal Injury for any incident that might result in a claim under this coverage. In the case of burglary or the Insured must immediately alert the police if there is any other criminal act that may be the subject of a claim under this Policy.
work with the company to ensure the offender's conviction.
2. Neither the Insured nor anyone else acting on its behalf shall make or offer any promise of payment, indemnity, or admission offer without first receiving it in writing.
the Company's consent, which if it wishes may assume control and carry out in the name of the Insured the defense or
to prosecute any claim for indemnity or damages in the name of the Insured for its own benefit, or to settle any claim or
The Insurer shall have complete discretion regarding the management of any processes or the settlement of any claim and the Insured shall do so.
provide all information and assistance that the Company may need.
3. The Company may choose to repair, reinstate, or replace the vehicle or a portion of it, as well as its accessories, or to make a cash payment.
liability and the amount of loss or damage incurred by the firm must not exceed:
(A) for total loss / constructive total loss of the vehicle - the Insured’s Declared Value (IDV) of the vehicle (including accessories)
according to the schedule, minus the value of the wreckage.
B) for partial losses, losses excluding Total Loss/Constructive Total Loss of the vehicle, the actual and fair repair expenses
and/or replacement of missing or destroyed components, subject to the depreciation limitations stated.
4. In order to preserve the automobile in efficient condition and shield it from loss or damage, the Insured must implement all reasonable measures.
condition and the Company shall have at all times free and full access to examine the Vehicle or any component thereof or any operator or worker of the Insured. The Vehicle should not be left unattended without appropriate documentation in the case of any accident or breakdown.
Whether any steps are being taken to avoid additional loss or damage, and if the Vehicle can be driven before the required repairs are finished.
The Insured assumes all risk for any additional damage to the Vehicle or expansion of the current damage.
7. The Company may cancel the insurance by providing the insured seven days' written notice by certified delivery to the address listed on the policy.
last known address of the insured, and in that event will return the premium paid less the pro rata portion to the insured.
The policy may be cancelled at any time or a portion thereof may be issued for the time the Policy has been in effect by the
given that no claims have been made over the life of the insurance, and by documented delivery, on seven days' notice,
the insured is entitled to a refund of the premium, less the premium calculated on a Pro-rata basis for the period, under the policy.
The Policy has been in place. Policy will only be canceled in the event of
Fraud. If you have submitted a claim, whether it is settled or not, you will not receive a return of the premium upon cancellation of the policy.
Whether such Claim was accepted or denied. Only after ensuring that the insured car is may a policy be canceled.
at least for Liability Only coverage, covered elsewhere, and following surrender of the original Certificate of Insurance
for cancellation.
six.
Seven.
8. The Company will, within a period of twenty-one days after receiving all the information and/or documents that are essential and pertinent to the claim, either pay the claim or give the Insured Party reasons why the claim cannot be paid.
offer the insured a resolution of the claim within 30 days. The company, for any reason, decides to turn down a claim based on the provisions of this Policy, the Company shall immediately notify the Insured via letter of such denial and explain why it is doing so.
it must do so within 30 days of receiving the last pertinent and needed document. Should the claim be
The insurer will be responsible for paying interest at a rate that is 2% higher than the bank rate if it is not resolved within 30 days as stated above.
from the date the insurer receives the last necessary and pertinent document from the insured/claimant until the date of actual payment.
payment. (Only relevant for Section I of the Policy).
9. To the degree that they relate to anything, the terms, conditions, and endorsements of this Policy must be duly observed and fulfilled.
the validity of the declarations and replies included in the aforementioned proposal must be observed and performed by the Insured.
before the Company may be held responsible for making any payments under this policy.
10. Upon renewal, the benefits offered by the insurance policy and/or its terms and conditions, including the premium rate, may be subject to change.
subject to alteration
11. In the case of the solitary Insured's demise, this insurance will remain in effect for three months rather than expire right away.
months after the Insured's death or until the end of this policy (whichever comes first). During the aforementioned time, legal
The heirs of the Insured, to whom the Motor Vehicle's custody and use are transferred, may request that this Policy be transferred to them.
get a new insurance policy for the Motor Vehicle or identify the heirs.
Such legal heirs should apply for a transfer of this policy or a new policy for the Vehicle.
PACKAGE POLICY FOR TWO-WHEELERS (POLICY WORDINGS)
TWO WHEELER PACKAGE POLICY (POLICY WORDINGS) | UIN: IRDAN113RP0026V01200102 Page 5 of 10
If there is any other insurance in force at the time of an occurrence giving rise to a claim under this policy, the Company will not be liable for more than its proportionate share of the claim.
If there are insurance plans that cover the same liability, the Company will not be responsible for paying or contributing more than its pro rata share.
portion of any compensation cost or expense.
Resolution of Conflicts
(Only in situations where this Policy is provided under Commercial Lines of Business)
"The Insurer and Insured can mutually agree and join into a separate Arbitration Agreement to resolve any and all disagreements in the future at the time the dispute arises," states the contract.
related to this Policy. Arbitration shall be performed in accordance with and under the terms of the Arbitration and Conciliation Act of 1996.
1996 Conciliation Act."
Please note:
Arbitration clause must not be present if this Policy is issued through a retail channel.
suitable.
2. Commercial line Policies are exempt from the arbitration clause.
businesses in which the insured expressly agreed that there would be no arbitration provision and no arbitration
accordingly apply to the corporation within the aforementioned period. The following documents must be submitted with all such applications:
a. The insured's death certificate
b. proof of vehicle ownership
c. Initial Plan
In order to proclaim the legal heir/heiress and the property of the Company, the Company has the right to follow any directive issued by the court.
the nominee and the car will not have the right to challenge such an order of the Court.
Thank you for selecting us as your insurer and welcome to Bajaj General.
Read your Schedule and Policy. Your agreement with us is outlined in the Policy and Policy Schedule. Read your Policy, please.
Read the Policy Schedule carefully to confirm that the coverage satisfies your needs.
Troubleshooting Problems
At Bajaj General, we strive to make sure that every customer is happy with the service they receive. Should you be displeased?
We want to let you know that there is a process in place for resolving issues. In any correspondence with us, please quote your policy number.
communication. This will make it easier for us to handle the problem. If you don't have it, please contact your branch office.
initial step We advise contacting the local office's Branch Manager/Regional Manager who issued the policy first. the address and
The policy will contain a phone number.
Second Step Of course, we anticipate that the problem will be resolved to your satisfaction as soon as possible. However, if you're not happy with the suggested solution, you might consider contacting an attorney for help.
In order to resolve the problem after speaking with the local office, kindly send an email or a letter to:
Cell for Customer Service
Bajaj General Insurance Limited
Pune 411 006, Bajaj Insurance House, Airport Road, Yerwada.
careforyou@bajajgeneral.com is the email address.
You may contact the Insurance Ombudsman in the appropriate region to settle the matter if you are still unhappy. Contact
the Ombudsman offices' information may be found at the following: