While the compulsory deductible does not affect car premium, voluntary deductible has a direct impact on the same.

12. Compulsory and Voluntary Deductible

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 […]

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