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Premium Computation
SECTION I –OWN DAMAGE (A) SECTION II -LIABILITY (B)
Basic OD-Premium ` Basic TP ` 3,416.00
17,122.01
` PA to Owner Driver `
No claim bonus 45% 1540.98 375.00
`
Discount (80.000%) 13697.61 PA to Unnamed Passenger ( 100000.00) 250.00
TOTAL OWNDAMAGE PREMIUM (A) ` Legal Liability to Paid Driver ` 50.00
1,883.42
TOTAL LIABILITY PREMIUM (B) ` 4,091.00
SECTION I ADD ON COVERS ( C)
` Net Premium(A+B+C) ` 11,785.00
Depreciation Cover-(AD 01) 3,487.72
IGST(18%) ` 2121.30
Consumables Cover-(AD 02) ` 912.17
TOTAL POLICY PREMIUM ` 13,906.00
Passenger Assistance Cover-(AD 04) `
250.00
Roadside Assistance Cover-(AD 05) ` 249.00
Engine Safe Cover-(AD 07) ` 912.17
TOTAL ADDON COVER PREMIUM (C) `
5,811.06
TOTAL OWN-DAMAGE PREMIUM + ADD-ON COVER PREMIUM (A+C) ` 7694.00