Marine Insurance (Cargo)

Marine Special Rate for 100% Export Oriented Industry

a) By Air
The special rates already granted to 100% export oriented garments industries outside
EPZ will equally apply for imports by air of 100% non garments export oriented industry
outside EPZ.

i) Air risk only @.20%

ii) Air risk + ND @.45%
iii) Air risk + TPND @.70%
iv) Air all risk @.75%

b) By Truck/Lorry/Rail

i) Rail/Lorry/Truck Risk only @ .40%

ii) Rail/Lorry/Truck all Risks Schedule ’A” @1.30%
iii) Rail/Lorry/Truck all Risks Schedule ’B” @1.05%
iv) Rail/Lorry/Truck all Risks for others item @ .80%

c) By Steamer
i) ICC ‘A’ @1.12%
ii) ICC ‘B’ @ .40%
iii) ICC ‘B’+ND @ .65%
iv) ICC ‘B’+TPND @ .75%
v) ICC ‘C’ @ .30%
vi) ICC ‘C’ +ND @ .55%
vii) ICC ‘C’ +TPND @ .65%
 PREMIUM BILL

RATE OF PREMIUM AMOUNT

Marine @ ...............................................................................
War & Strikes@ .....................................................................
Net Premium
Add VAT @ 15% of Net Premium ………………………….
Add stamp ……………………………………………………
Gross Premium
 Rate for Fire Insurance

Perils RATES

Fire ……………………………………… .2268%

R&SD …………………………………... .0847%
Malicious Damage ……………………. .015%
Air Craft Damage …………………… .0028%
Explosion …………………………….. .0056%
Earthquake …………………………… .065%
Cyclone & Flood
a) Building ……………………. .21%
b) Contents …………………… .35%

PREMIUM BILL

RATE OF PREMIUM AMOUNT

Fire & Lightening @ ............................................................

Riot & Strike Damage@ .......................................................
Net Premium
Add VAT @ 15% of Net Premium ………………………….
Add stamp ……………………………………………………
Gross Premium
 Motor Insurance

PRIVATE VEHICLE TARIFF

INSURANCE OF SPECIAL RISKS ONLY

Policy may be issued to cover only the risks of fire and or theft whiles the vehicles are
laid up in garage and out of use at the following rates:

Risks Cover Premium

Fire only Basic TK. 50 plus .50% on the F.I.V.

Theft only Basic TK. 50 plus .50% on the F.I.V.
Fire and Theft Basic TK. 100 plus 1% on the F.I.V.

PREMIUM SCHEDULE

1. Cars & Cars type vehicles up to 1300 C.C. Basic TK.150 + TK.50
Own goods carrying vehicles up to ½ ton plus .50% on F.I.V.

2. Cars & Cars type vehicles up to 1800 C.C. Basic TK.250 + TK.50
Own goods carrying vehicles up to ½ ton plus .50% on F.I.V.

3. Cars & Cars type vehicles up to 3000 C.C. Basic TK.350 + TK.50
Own goods carrying vehicles up to 3 tons plus .50% on F.I.V.

4. Cars & Cars type vehicles over 3000 C.C. Basic TK.450 + TK.50
Own goods carrying vehicles over 3 tons plus .50% on F.I.V.
 Premium Computation Table

Own Damage premium Liability Components of Premium

Premium on vehicle TK. …….. Act Premium TK……..

On Trailer TK. …….. Extra liability premium
On Electrical TK……… as provided in the
Total TK ……… (a) Tariff TK……..
Total TK……..
Add claim loading % on (a) TK………
Total TK………. (b)

Less N.C.B. % on (b) TK……….

Net Premium TK………. (c)
Add. Total liability
Premium to(c) above TK………..

Total TK……….. (d)

Less for exclusion of perils
As provided in the Tariff TK………..
Add. 15% on (d) above for VAT TK………..
Total Premium Payable