These deductibles i.e., Compulsory Deductible and Voluntary Deductible are stated in IMT 22 and IMT 22A. You may be wondering what is this IMT. It stands for India Motor Tariff. I will discuss about IMT later. The word deductible as described in the policy conditions in this manner: The Company shall not be liable for […]
Author: Dr. K. Raja Gopal Reddy
Why Motor Insurance Policies do not have Same Policy Wording in India?
Why Motor Insurance Policies do not have Same Policy Wording in India? It always bothered me as to why the motor insurance policies do not have the same wording in India. Motor Insurance is a compulsory insurance. None has thought about the wordings earlier i.e., to know whether all the insurance companies are having same […]
11. In Writing, Immediately and Reasonable Period
The common man asks one real question…in case of motor accident claim, what am I expected to do? This is what will be discussed in this article. The policy wording reads ‘this policy and the schedule shall be read together and any word or expression to which a specific meaning has been attached in any […]
Knowledge or Ignorance
This morning i.e., 11 th may, 2021 (Tuesday), a friend of mine sent the following Sanskrit shlok: Samagram dukhamayattam Avignaye DwayasryamSukham samagram Vijnanam Vimaleca Pratishtitam Translation of this shlok: ignorance is at every root of all the desires, diseases of both the body and the mind. Knowledge, the ultimate realisation leads to happiness. I have […]
10. Limitation as to Use
There are certain general exceptions in the Motor Insurance Policy. These are applicable to all sections of the policy. The present one which is being discussed reads as follows: “The company shall not be liable under this policy in respect of any accidental loss or damage and / or liability caused, sustained or incurred whilst […]
9. Loss or Damage to the Vehicle Insured
Motor insurance policy is compulsory. We have to subscribe. There is no option given by the law. We pay thousands of rupees towards premium. We know, very generally, two phrases: Comprehensive and Third-Party insurance. If I were to ask anyone – What is comprehensive insurance, they will simply say it covers everything!! It includes all. […]
8. What is Reasonable Care?
Section 3 of the Private Car Package Policy general conditions talks about reasonable care. “The insured shall take all reasonable steps to safeguard the vehicle insured from loss or damage to maintain it in efficient condition”. What are the reasonable steps to safeguard the vehicle? What maybe reasonable to me may not reasonable to you…on […]
7. Right to Inspect
Right to Inspect – No website or a blog that deals with the motor insurance policy has talked of the issue which is being said here. An extract from the Motor Policy Document:“The insured shall take all reasonable steps to safeguard the vehicle insured from loss or damage and maintain it in efficient condition.”Further, “The […]
Farewell Fujitsu
Fujitsu Life Book E Series is my laptop. It served very faithfully for over 7 years. The complete name of this laptop is Fujitsu Lifebook E 546 series with Intel Core i7.Model: S26391-K441-V100. It’s a small 14-inch laptop, black colour with a red border around, very trendy, beautiful and attractive. When I was given this […]
6. Vehicle or Car / Damage or loss
I am going back again to the application or proposal form to write about the three terms: Vehicle or car and damage or loss. What is a vehicle? The term vehicle or car are used in the Private Car Package Policy application interchangeably. Anyone can have a picture of a vehicle or of a carin […]
