Professional Documents
Culture Documents
This Tata AIG document is for training & development purpose and for internal circulation only. No
business can be solicited basis this content.
1. Scope
a) Private Car Type Vehicles used for social, domestic and pleasure purposes and also for professional
purposes (excluding the carriage of goods other than samples) of the insured or used by the
insured's employees for such purposes but excluding use for hire or reward, racing, pace making,
reliability trial, speed testing and use for any purpose in connection with the Motor Trade.
b) Motorized three wheeled vehicles (including motorized rickshaws / cabin body scooters used for
private purposes only)
N.B. 1. Motorized three wheeled vehicles (including motorized rickshaws/ cabin body scooters used for
private purposes only), with engine cubic capacity exceeding 750 cc but not exceeding 1000 cc, are to
be rated on the basis of minimum cubic capacity of 1000 cc. Motorized three wheeled vehicles with
engine cubic capacity not exceeding 750 cc. are also to be rated as Private Cars with 50% discount on
Own Damage premium only. The premium rates shall however not be less than the rates applicable for
motorized two wheelers prescribed for the same CC and age under Section-3 of this tariff. The Premium
for Liability cover and / or for any extra benefits should be collected in full.
N.B. 2. Motorized three wheeled vehicles used for carriage of either own goods or for hire or reward are
ratable under Class A.3 / Class A.4 (as applicable) of the Commercial Vehicles Tariff.
N.B. 3. Motorized three wheeled vehicles (including motorized rickshaws / cabin body scooters) used for
carrying passengers for hire or reward are ratable under Class C. 1 /Class C. 2 / Class C.3 (as applicable)
of the Commercial Vehicles Tariff.
2. Premium Rating
Rating Factors: The premium rating is based on the following factors:
a) Insured’s Declared Value (IDV) of the vehicle (For determining IDV-Refer to GR.8)
b) Cubic Capacity
c) Geographical Zones
d) Age of the vehicle
This Tata AIG document is for training & development purpose and for internal circulation only. No
business can be solicited basis this content.
3. Policy schedule wording regarding limitations as to use and
driver limitations as to use
The Policy covers use of the vehicle for any purpose other than
a) Hire or Reward
b) Carriage of goods (other than samples or personal luggage)
c) Organized racing
d) Pace making
e) Speed testing
f) Reliability Trials
g) Use in connection with Motor Trade
Note: In case of vehicles used for Driving Tuition add the words “other than for the purpose of driving
tuition” after the words „hire or reward‟.
DRIVER
• Provided that a person driving holds an effective driving license at the time of the accident and
is not disqualified from holding or obtaining such a license.
• Provided also that the person holding an effective Learner’s license may also drive the vehicle
and that such a person satisfies the requirements of Rule 3 of the Central Motor Vehicles Rules,
1989.
This Tata AIG document is for training & development purpose and for internal circulation only. No
business can be solicited basis this content.
NB. 1. The limit under 5 (b) above is in respect of any one claim or series of claims arising out of one
event / occurrence.
NB. 2. If at the insured’s option, the expiring TPPD cover stands limited to the statutory limit of Rs.
6,000/-, an additional premium of Rs. 100/- is to be charged for changing the TPPD cover to Rs. 7.5 lakhs
on renewal.
6. Schedule Of Premium
a) Zones - For the purpose of rating under this tariff the whole of India has been divided into the
following zones depending upon the location of the office of registration of the vehicle concerned:
Zone A: Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, Mumbai, New Delhi and Pune.
b) Minimum values for the purpose of computation of premium, in respect of private cars shall be as
under irrespective of any lower value proposed for insurance.
This Tata AIG document is for training & development purpose and for internal circulation only. No
business can be solicited basis this content.
NB. 1 Compulsory deductible as in GR. 40 shall apply.
NB. 2 Additional premium for electrical / electronic items as in GR. 41 shall apply.
NB. 3 Additional premium for CNG / LPG fuel as in GR. 42 shall apply.
DISCOUNTS
a) Voluntary deductibles.
Insured may opt for higher deductible over and above the compulsory deductible (GR.40) in which case
discount will be allowed as per the following: -
Rs. 2500 20% on the OD premium of the vehicle, subject to a maximum of Rs. 750/-
Rs. 5000 25% on the OD premium of the vehicle, subject to a maximum of Rs.
1500/-
Rs. 7500 30% on the OD premium of the vehicle, subject to a maximum of Rs.
2000/-
Rs. 15000 35% on the OD premium of the vehicle, subject to a maximum of Rs.
2500/-
N.B. These deductibles are to be added to the appropriate compulsory deductibles provided under G.R.–
40 and the total figure thus arrived at should be substituted for the compulsory deductible figure
appearing in Endorsement IMT - 22. A.
This Tata AIG document is for training & development purpose and for internal circulation only. No
business can be solicited basis this content.
PREMIUM FOR LIABILITY ONLY COVER
Exceeding 1000cc but not exceeding This keeps changing basis change in
1500 cc regulation from IRDAI
Exceeding 1500 cc
NB. Additional premium for use of CNG / LPG fuel as in GR. 42 shall apply.
RESTRICTED COVER FOR FIRE AND / OR THEFT RISKS (Only while the vehicle is in garage and not in use) -
Refer to GR.45.A
RESTRICTED COVER FOR LIABILITY ONLY WITH FIRE AND / OR THEFT RISKS - Refer to GR. 45.B
7. Extra Benefits
Premium for each of the following extra benefit opted for by the insureds is to be shown separately in
the premium computation table:
(i) Legal liability to paid drivers /and/or cleaner employed in connection with the operation and/or
maintenance of motor vehicle under the Workmen’s Compensation Act, Fatal Accidents Act and at
Common Law
(ii) Legal Liability to employees of the insured traveling in and / or driving the employer's vehicle.
Liability to employees of the insured traveling in or driving the employer's vehicle, either excluding or
including the paid driver may be covered on payment of Additional Premium @ Rs. 25/- per employee,
the premium being chargeable on the total number of such employees carried (including the paid driver,
if applicable) but not exceeding the maximum licensed seating capacity of the vehicle. The Additional
Premium of Rs.25/- per employee is net irrespective of any period of insurance not exceeding 12
months.
Endorsement IMT-28 (for paid driver and/or cleaner) or IMT-29 (employees other than paid driver
and/or cleaner) as applicable is to be used.
Policies may be extended to include use of the insured vehicle in a particular rally organized by any
recognized motoring organization on payment of the following additional premium: -
This Tata AIG document is for training & development purpose and for internal circulation only. No
business can be solicited basis this content.
Type of Policy Additional Premium
For Package Policies Rs. 60/- for the first day and
For Liability Only Policies Rs. 25/- for the first day and
N.B. 1 The compulsory deductibles for the Own Damage cover under Package Policy referred to under
GR 40 will become Rs. 5000/- for each and every claim for the entire duration of this extension only.
N.B. 2. The extension does not cover either the driver and / or the passengers carried in the vehicle or
the promoters of the event.
N.B. 3. This extension does not apply to speed tests, dexterity trials, hill climbs or motor racing (whether
organized separately or included in the course of a rally).
Rally extensions may be further extended to include motor racing, speed tests, dexterity trials, hill
climbs or motor racing (whether organized separately or included in the course of a rally) by charging
a loading of 300% of both Own Damage and Liability Only premiums at Short Period rates for the
duration of the rally, but with the exclusion of any cover in respect of either the owner-driver, driver
and / or passengers carried in the vehicle or the promoters of the event.
If such trials are to be insured, reference is to be made to TAC with the appropriate details.
(v) Accidents to Soldiers/ Sailors/Airmen employed as Drivers by Defence officials in their private
capacity: -
Legal liability of defense officials under Army/Navy/Airforce regulations for bodily injury/death caused
to soldiers/sailors/airmen employed as drivers by them in their private capacity whilst driving the
vehicle insured (including mounting into, dismounting from or traveling in the vehicle) may be covered
at an additional premium of Rs 100/- provided the drivers hold effective driving license.
The additional premium of Rs 100/- is a flat premium chargeable for a period of insurance not exceeding
12 months.
--------------------------------------------------------------***------------------------------------------------------------------------
This Tata AIG document is for training & development purpose and for internal circulation only. No
business can be solicited basis this content.