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June 6th, 2016, 08:56 AM
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United India Insurance Company Limited Car Insurance
Hi buddy here I have come to get info about United India Insurance Company Limited Car Insurance policy as I am thinking to take its policy from there ? United India Insurance Company Limited is a public sector General Insurance Company of India (Wholly owned by Govt. of India). United India provides car insurance package policies and liability only policies. Package Policy - Section I Section I (Own Damage - OD) of Package Policy : Section I of package policy covers loss or damage to the vehicle and / or accessories due to Accidental external means Fire Self ignition lightning Burglary house breaking or theft Terrorist activity Riot Strike and Malicious Damage Earthquake Flood cyclone and Inundation etc While in transit by rail road air elevator lift or inland waterways Landslide or workslide Liability only policy : Liability to third parties bodily injury and or death and property damage Personal accident cover for the owner driver for a specified sum insured The following are payable under Section II of the Package Policy subject to the limit of liability laid down in the Motor Vehicles Act : The insured's legal liability for death / disability of third party Loss or damage to third party property Claimant's cost as decided by the court All costs and expenses incurred with company's written consent In case of death of an Insured person entitled to indemnity for a liability incurred under this policy his legal representative will be indemnified in place of insured if he observed all conditions as the insured himself. not payable under the policy Contractual liability. War perils nuclear perils and drunken driving Consequentail loss Depreciation Wear and tear mechanical or electrical break down Damage suffered due to driving the vehicle under the influence of intoxicating liquor or drugs Claims arising outside the geographical area specified in the policy Claims arising whilst the vehicle is used in contravention of the limitations as to use Claims arising when the vehicle is driven by a person without valid driving licence The following are the discounts available on the premium payable. Vintage Cars - Cars manufactured prior to 31.12.40 and duly certified by the Vintage and Classic Cars Club of India : A discount of 25% on the OD rates is available. Policies issued covering these vehicles are Agreed Value Policies. No Claim Bonus : Ranging from 20% to 50% depending on the number of claim free years. Automobile Association Membership Discount : Discount of 5% on the Own Damage premium subject to a maximum of Rs. 200/- for private cars and Rs. 50/- for Motorised Two wheelers only. United India Insurance Company Limited Car Insurance policy Last edited by Neelurk; February 24th, 2020 at 10:19 AM. |