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Dear Sir/Madam,
This is to bring to your kind notice that your insurance policy expires on 10/12/2021. In case you require to revise the insured value or any other details
for the renewal period, Please contact us at an early date at the above mentioned address. We will advise you the revised premium payable on receipt of changes
required by you.
1. To enable the insurance to be kept in force the annual premium should be paid on or before the date of Expiry.
2. Kindly bring RC Copy of the vehicle for our records, if not given earlier.
3. No claim Bonus is subject to no claim made on the company on or before the date of expiry in respect of loss or damage to the said vehicle and/or policy is
renewed with the company within 90 days from the date of expiry.
The renewal details of the expiring policy are given below.
Very Important : In accordance with the provisions of Insurance Act 1938, renewal of the policy may not be effected unless the premium has been paid on or
before the renewal date. Your attention is drawn to the provisions of Section 41 of Insurance Act, 1938 – Prohibition of rebates (Amended as per The
Insurance Laws (Amendment) Act, 2015
1. No person shall allow or offer to allow either directly or indirectly, as an inducement to any person to take out or renew or continue insurance in respect of
any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the
policy nor shall any person taking out or renewing or continuing a policy accept any rebate except such rebate as may be allowed in accordance with the
prospectus or tables of the Insurer.
2. Any person making default in complying with the provisions of this section shall be liable for a penalty which may extend to ten lakh rupees.
Authorized Signatory
Dear Sir/Sirs/Madam,
With reference to your renewal notice(s) please renew the policy 15450131206760006443 for further period of one year. A remittance
of 1235/- only towards renewal premium is attached herewith by way of Cash/Cheque/DD No .___________Dt.__/__/______.
Note:
1.Kindly ignore this notice in case if you have already renewed the policy.