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 […]
Tag: compulsory
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 […]
