SmartDrive - Private Car Insurance Policy Wordings
Bharti AXA General Insurance Company Limited bharti AXA redefining / general insurance * 1800-103-2292 (Toll Free No.) 080-43573450 (Charges apply) o customer.service@bharti-axagi.co.in SMS <SERVICE> to 5667700 - www.bharti-axagi.co.in SmartDrive - Private Car Insurance Policy - Policy Wordings AGE OF THE VEHICLE % OF DEPRECIATION Whereas the insured by a proposal and declaration dated as stated in the Schedule which shall be the basis of this contract and is deemed to be incorporated herein has applied to Bharti AXA General Insurance Co. Ltd. (hereinafter referred to as "the Company") for the insurance hereinafter contained and has paid the premium mentioned in the Schedule as consideration for such insurance in respect of accidental loss or damage occurring during the period of insurance. Nil 5% 10% NOW THIS POLICY WITNESSETH: Not exceeding 6 months Exceeding 6 months but not exceeding 1 year Exceeding 1 year but not exceeding 2 years Exceeding 2 years but not exceeding 3 years Exceeding 3 years but not exceeding 4 years Exceeding 4 years but not exceeding 5 years Exceeding 5 years but not exceeding 10 years Exceeding 10 years 15% 25% That subject to the Terms Exceptions and Conditions contained herein or endorsed or expressed hereon; 35% Section 1 - Loss of or Damage To The Vehicle Insured 40% 50% The Company will indemnify the insured against loss or damage to the vehicle insured hereunder and / or its accessories whilst thereon The Company shall not be liable to make any payment in respect of:- i) by fire explosion self ignition or lightning; a) Consequential loss, depreciation, wear and tear, mechanical or electrical breakdown, failures or breakages; ii) by burglary housebreaking or theft; iii) by riot and strike; b) Damage to tyres and tubes unless the vehicle is damaged at the same time in which case the liability of the company shall be limited to 50% of the cost of replacement. iv) by earthquake (fire and shock damage); V) by flood typhoon hurricane storm hailstorm frost; tempest inundation cyclone and vi) by accidental external means; c) Any accidental loss or damage suffered whilst the insured or any person driving the vehicle with the knowledge and consent of the insured is under the influence of intoxicating liquor or drugs. vii) by malicious act; viii) by terrorist activity; In the event of the vehicle being disabled by reason of loss or damage covered under this Policy the Company will bear the reasonable cost of protection and removal to the nearest repairer and redelivery to the insured but not exceeding in all Rs. 1500/- in respect of any one accident. ix) whilst in transit by road rail inland-waterway lift elevator or air; x) by landslide rockslide. Subject to a deduction for depreciation at the rates mentioned below in respect of parts replaced: The insured may authorize the repair of the vehicle necessitated by damage for which the Company may be liable under this Policy provided that: - 50% 1) For all rubber/nylon/plastic parts, tyres and tubes, batteries and air bags i) the estimated cost of such repair including replacements, if any, does not exceed Rs. 500/-; 2) For fibre glass components - 30% ii) the Company is furnished forthwith with a detailed estimate of the cost of repairs; and 3) For all parts made of glass Nil 4) Rate of depreciation for all other parts including wooden parts will be as per the following schedule. iii) the insured shall give the Company every assistance to s
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