Department: Automotive

Subject: Automotive insurance and its claim

Group: #02

Roll no: 18AU13 18AU21

18AU17 18AU33
18AU18 18AU42
18AU44

Presented to: Mr.M Nouman

 Insurance
Insurance is basically the set of agreement between two
parties About the share of loss in case of any kind of
accident .
That are ,

Insurance company which is will to provide coverage in

critical situations
Costumer who want to get Coverage in uncertain
conditions.
Another Involvement is third party, who may get
Damage by the insured person.
 Car for Insurance

Car: KIA Sportage (AWD)

Company: KIA
Price: 539999Rs.
 Insurance Companies

• UIC (United Insurance Company of Pakistan

• UBL (United Bank Limited)
• TPL (Third Party Liability)
• IGI (General Insurance Limited)
• Pak Qatar ( Takaful)
• Adamjee Insurance
• Jubilee General Insurance
 IGI Auto Insurance
• IGI Auto Cover is a complete auto insurance plan for both individuals and
corporate offering covering your automobile against the risk of:
• Accidental damage
• Fire, external self ignition or lightening or frost
• Burglary, house-breaking, or theft
• Malicious act
• Riot & strike
• Flood, hail, wind, hurricane, cyclone, tornado or typhoon
• Earthquake, volcanic eruption or other convulsion of nature
• Whilst in transit by air, road, rail, inland waterway, lift or elevator
• Third party legal liability
• Terrorism
 Required Documents

• Completed Proposal Form

• Copy of CNIC of registered owner of the vehicle
• Valid Driving License
• In case of new vehicle Manufacturer’s & Sales Invoice,
Tax Paid Challan
• Copy of Registration Book
• Inspection Report
 Claim Procedure

• In case of claim, please follow the procedure given below:

• Call us at our toll free insurance helpline number at 0800 -2-43-34 to
register your claim
• Submit documents to IGI Insurance at the following address:
• IGI Insurance Registered & Head Office
7th Floor, The Forum,
Suite 701-713, G-20, Block 9,
Khayaban-e-Jami, Clifton,
Karachi 75600, Pakistan.
Phone: (+92-21) 111-234-234
Fax: (92-21) 111-567-567, 5301729
• Admissible claims will be settled by IGI Insurance within 7 days of
receipt of all completed documents.
 Accidental Death

• Death Certificate from concerned Municipal Office

• Death Certificate from Hospital/Doctor
• Burial Certificate
• Police Report
 Permanent Disability

• Doctor's or Hospital report that states and approves the

state of disability
• X rays
• Police Report
• Copy of CNIC
 Car for Insurance

Car: Toyota Yaris (GLI MT)

Company: Toyota
Price: 2475000Rs.
 UBL Insurance Limited

• Private car Policy:

Whereas the insured by a proposal and declaration dated as stated in the
schedule which shell be the basic of this contract and a deemed to be
incorporated herein has applied to company for the insurance hereinafter
contained and has paid or agreed to pay the premium as consideration for such
insurance in respect of accident loss or damage during the period of insurance.

UBL insurance limited.

Head office: 126-C, Jami commercial, street No. 14, Phase-VII, DHA,
Karachi, Pakistan.
UAN:111-845-111
 How to Get Policy at UBL

• After Applying for Registration On UBL Insurance Limit, a Staff

Person Will approaches to the address given by you for Survey of
the vehicle containing its components from bumper to bumper.
• After surveying the staff member will share the cover Note with
you containing all written information about vehicle like Engine
No, Chassis No, Geneon Parts No etc...
• After this staff member will share the Policy documents
Containing all the Details about comprehensive coverage's &
Payment Details.
• Customer Will deposit the relevant Policy Amount In in the
company Amount,
 UBL Liability Policy

The first basic Policy, the company will pay all costs and
Expenses incurred with which its Terms and condition.
In case of occurrence of a Road accident UBL Insurance
company will indemnify the insured in the event of accident
caused by or arising out of the use of the motor car against all
sums including claimant’s cost and expense which the insured
shall become Legally liable to Pay in respect of:
• In case of Hitting the vehicle in front of you or Any other
property damage of third party who is Not insured, the
Company will Provide Coverage to third party According to
the Nature of Damage.
 UBL Liability Policy

• If the estimated loss is less than 50,000/- the company will

pay 100% to the third Party.
• The Maximum Limit of Recovery of Loss(package) to the
third party is up to 50,000/- If the loss of the front vehicle
is More than 50,000/- The company Policy is bounded to
Pay at lest set package for the third party.
 Liability Terms

In Terms of and subject to the Limitation of the indemnity

which is granted by this section in connection with the motor car
the company will indemnify the insured whilst personally driving
a private Motor car not belonging to him and Not hired to him
under a hire Purchase agreement.

In the event of the death of any person entitled to indemnity

under this policy the company will in respect of liability incurred
by such person indemnify his Personal representative in the terms
of all subject to the limitations of this policy Provided that such
Personal representative shall all through they were the insured
observe, Fulfill and be subject to the terms exceptions and
condition of the policy in so far a they can apply.
 General Exceptions

The company shall not be liable under this policy in respect

of:
• Any accident loss damage and / or liability caused
sustained or incurred outside the Geographical area
Decided in the policy agreement.

• Any claim arising out of any contractual Liability.

 Comprehensive coverage

• In UBL comprehensive coverage the customer has to Pay Rs:

47672/- Annually to get the policy , the duration of validity of
Policy is 1 year. After one year the insured has to re-new the
policy again for the Next year.

• In comprehensive coverage the company is responsible to

provide for Medical, Physical Damage, Natural Disaster
Defection, loss of car and other, Details are as follows.
 Medical Expanse

• The company will pay to the insured the reasonable medical

expanse depend upon the Nature of injury, also in case of death or
serious injuries UBL insurance Limited provides coverage as
explained Below,

• 1- If the insured person(Driver) is Normally injured /remains

almost safe during the accident, the company will provide first Aid.

• 2-incase of Serious injury /death of insured ,Company will Provide

up to 10,0000/- for Hospitalization and other Medical expanses.
Vehicle Damage/loss Policy
In case of Occurrence of road accident, the resulting loss will also
be share by the company, terms and conditions are as follows.

1- in case of road accident The company will pay up to

90% of total loss After estimate . The remaining 10%
Amount is customers responsibility.

2-And the front that get damage from you, will also get
coverage under the liability up to 50,000/- depend upon
the nature of loss.
 Vehicle Damage/loss Policy

• Total Loss of insured Person= 10,0000/-

• Company share= 90,000/-
• Costumer Responsibility= 10,000/-
 No Claim Discount

1- In case of no Accident Through out the year the company will

Give discount up to 10% of Total payment as the costumer for re-
New the same coverage for Next year.

1st Coverage Total payment = Rs: 47672/-

10% of 1st Coverage= Rs: 4767.2/-

So,
Costumer will get Discount of 4767.2/- in the Next year
Coverage Policy.
Remaining Amount is detective(Non-returnable).
 Natural Disaster

In case Of Damage Due to Natural Disaster Such as

Earth Quack, Storm, Flood, Self ignition of car etc…
The company will provide up to 90% of the total
amount of the vehicle,

For Example:
Total Price of vehicle = 24,75,720/-
In case of Complete Loss of vehicle the Company
will provide coverage of 2,228,148/-
Thank You 