I M T with details

IMT 1
GR 4
EXTENSION OF GEOGRAPHICAL AREA
The insurer may extend Geographical Area – Nepal,
Pakistan, Bangladesh, Maldives, Sri Lanka & Bhutan
Premium for package Policy - Rs.500 per vehicle
irrespective of vehicle
Premium other than Package Policy - Rs.100 per vehicle
irrespective of vehicle
NB – Damage to vehicle/injury to TP during the Sea/Air
voyage is specifically excluded
 IMT 2
GR 7

• VINTAGE CAR
• Applicable only to Vintage Car – Manufactured prior
to 31-12-1940 and certified by Vintage and Classic
Club of India
• 25% discount is allowed on OD premium AND TP
• CLASSIC CAR
• Manufactured after 31-12-1940 but before 31-12-
1970 is considered as a Classic Car by the Vintage
and Classic Car Club of India
 IMT 3
GR 17
• TRANSFER OF INTEREST
• Liability Cover – automatically transferred (Section 157 of
MV Act)
• The Transferee to apply within 14 days from the date of
transfer on prescribed format
• Package Policy – A fresh proposal form from the of
transferee alongwith the consent of the transferor is
required if the transferee is not entitled for No Claim Bonus,
the NCB is to be recovered by the insurer
• By charging Rs.50 new Certificate of Insurance will be issued
by the insurer.
 IMT 4
GR 18
 

• CHANGE OF VEHICLE
• If the vehicle is permanently replaced by
another vehicle for the same class –
adjustment of premium on pro-rata basis.
 IMT 5
GR 19

HIRE PURCHASE AGREEMENT

The policy will be issued in the name
of Hirer and owner’s interest shall be
protected by IMT 5
 IMT 6
GR 20

LEASE AGREEMENT
The policy will be issued in the name
of Lessee and Lessor’s interest shall
be protected by IMT 6
 IMT 7
GR 21
VEHCILES SUBJECT TO
HYPOTHECATION AGREEMENT
The policy will be issued in the name
of Registered Owner and Pledgee’s
interest shall be protected by IMT 7
 IMT 8
GR 28
DISCOUNT FOR MEMBERSHIP OF
RECOGNIZED AUTOMOBILE ASSOCIATION
(PVT CAR & TWO WHEELER)
Discount applicable only to Own Damage
section of Package Policy and does not cover
Fire and/or theft risks.
Private Car – 5% of own damage premium
subject to a maximum of Rs.200-00
Motorized Two Wheeler - 5% of own damage
premium subject to a maximum of Rs.50-00
 IMT 9
GR 29

DISCOUNT FOR VINTAGE CARS

(Applicable to Private Cars)
.Vintage Car – 25% discount on own
damage premium.
For mid-term certification pro-rata
premium will be charged
 IMT 10
GR 30

INSTALLATION OF ANTI-THEFT DEVICE (Not

applicable to Motor Trade policies)
2.5% on OD premium subject to maximum of
Rs. 500-00
Provided that Anti-theft devices approved by
Automobile Research Association of India
(ARAI), Pune and whose installation is duly
certified by any of automobile Association.
For mid-term certification pro-rata premium
will be charged
 IMT 11A
GR 31
VEHICLES LAID UP (Lay up period declared)
LAID UP - When the vehicle is not in use for a period of 2 consecutive months or more
Liability Policy – Will be calculated on pro-rata basis, no refund only adjusted on next renewal
Package Policy - Will be calculated on pro-rata basis, no refund only adjusted on next renewal
Liability of the Company during lay up period – Restricted to Fire and/or Theft Risks only.
Option of the insured – There are two option available to the insured
Either to take the refund and adjust it on next renewal or
May extend the policy for the period equal to the period the policy remained suspended on account
of the lay-up
For this company will charge Rs. 15-00 as administrative cost
Provided that
The vehicle is not undergoing repairs during lay-up as a result of a claim under the policy.
Previous notice in writing has been given to the insurer with a recorded delivery.
The certificate of insurance has been returned to the insurer
The period of lay-up shall not be extended beyond 12 months from the expiry of the policy period in
which the lay-up has been continued.
 IMT 11B
GR 31

VEHICLES LAID UP (Lay up period not

declared)
 IMT 11C

• TERMINATION OF THE UNDECLARED PERIOD

OF VEHICLE LAID UP
 IMT 12
GR 33
• DISCOUNT FOR SPECIFICALLY
DESIGNED/MODIFIED VEHICLES FOR THE
BLIND, HANDICAPP0ED AND MENTALLY
CHALLENGED PERSONS
• 50% discount may be allowed on own damage
premium
• The discount is allowed only in respect if such
vehicles, which have been suitably endorsed in
RC by the RTA concerned.
 IMT 13
GR 35
• USE OF VEHICLE WITHIN INSURED’S OWN PREMISES
(Applicable to all classes except as otherwise provided
in the Tariff)
• Where public have not right to access
• Vehicle is not licensed by the authorities concerned for
general road use
• No certificate of insurance or cover note which
includes a Certification is permitted to be issued in
such cases.
• 33.3% discount is allowed
 IMT 14
GR 35
USE OF VEHICLE CONFINED TO SITES (Applicable to
Goods Carrying Vehicles)
Where public have not right to access
Vehicle is not required to be registered under the MV
Act
No certificate of insurance or cover note which
includes a Certification is permitted to be issued in
such cases.
33.3% discount is allowed
 IMT 15
GR 36B
• PERSONAL ACCIDENT COVER TO THE INSURED OR ANY NAMED PERSON OTHER
THAN PAID DRIVER OR CLEANER (Applicable to Private Cars including three
wheeler rated as private cars and motorized two wheelers with or without side
care (not for hire or reward).
• This is a optional Personal Accident cover for persons other than owner-Driver
• This is applicable to insured or any named person other than paid driver and
cleaner.
• This covers violent accidental external and visible means which independently of
any other cause shall within six calendar months of the occurrence of such injury
result in
• Death 100%
• Loss of two limbs or sight of two eyes or one limb and sight of one eye 100%
• Loss of one limb or sight of one eye 50%
• Permanent Total Disablement from injuries other than named above 100%
 IMT 16
GR 36B
PERSONAL ACCIDENT COVER TO UNNAMED PASSANGER OTHER THAN INSURED
AND PAID DRIVER OR CLEANER (For vehicle rated as private cars and motorized two
wheelers with or without side care (not for hire or reward)
This is a optional Personal Accident cover for unnamed passengers limited to
registered carrying capacity of the vehicle other than the insured, his paid driver and
cleaner
This covers violent accidental external and visible means which independently of any
other cause shall within three calendar months of the occurrence of such injury result
in
Death 100%
Loss of two limbs or sight of two eyes or one limb and sight of one eye 100%
Loss of one limb or sight of one eye 50%
Permanent Total Disablement from injuries other than named above 100%
 IMT 17
GR 36B
PERSONAL ACCIDENT COVER TO PAID DRIVERS, CLEANERS AND CONDUCTORS
(Applicable to all classes of vehicles)
This is a optional Personal Accident cover for his paid driver, cleaner and
conductors
This covers violent accidental external and visible means which independently of
any other cause shall within six calendar months of the occurrence of such injury
result in
Death
100%
Loss of two limbs or sight of two eyes or one limb and sight of one eye
100%
Loss of one limb or sight of one eye
50%
Permanent Total Disablement from injuries other than named above
100%
 IMT 18
GR 36B
• PERSONAL ACCIDENT TO UNNAMED HIRER AND UNNAMED PILLION
PASSENGERS (Applicable to Motorised Two wheelers with or without side Car)
• This is a optional Personal Accident cover for unnamed hirer/driver/any
unnamed pillion/sidecar passengers
• This covers violent accidental external and visible means which independently of
any other cause shall within three calendar months of the occurrence of such
injury result in
• Death
100%
• Loss of two limbs or sight of two eyes or one limb and sight of one eye
100%
• Loss of one limb or sight of one eye
50%
• Permanent Total Disablement from injuries other than named above
100%
 IMT 19
GR 37
COVER FOR VEHICLES IMPORTED WITHOUT
CUSTOMS DUTY
The imported vehicle belonging to
Embassies, Consulates etc. where the
import duty element is not included in the
IDV, hence the Section-I Own Damage is
loaded by 30%
 IMT 20
GR 39

• REDUCTION IN THE LIMIT OF LIABILITY FOR

PROPERTY DAMAGE
• Motor Vehicle Acts provides company’s limited
liability – 6000-00 irrespective of class
• Otherwise company’s liability for Motorised Two
Wheeler (Pvt & Comml.) 1,00,000-00
• Other class of vehicles 7,50,000-00
• Mid-term change of TPPD limit is not permitted
 IMT 21
GR 40
• SPECIAL EXCLUSIONS AND COMPULSORY DEDUCTIBLE (Applicable to all Commercial Vehicles excluding
taxis and motorized two wheelers carrying passengers for hire or reward)

• Special Exclusions – Except in the case of Total Loss of the vehicle insured, the insurer shall not be liable
under section-I of the policy for loss of or damage to lamps tyres tubes, mudguards, bonnet side parts,
bumpers and paint work.

• COMPULSORY DEDUCTIBLE
• Goods Carrying Vehicle Passenger carrying vehicles Compulsory Deductible
• Not exceeding 7500 kgs Not exceeding 17 passengers 500-00
• Exceeding 7500 kgs GVW Exceeding 17 passengers but 1000-00
• But not exceeding 16500 not exceeding 36 passengers
• Exceeding 16500 KgsGVW Exceeding 36 passengers 1500-00
• Vehicles rateable under Class D of commercial vehicle Tariff - 0.5%of the IDV of the subject to
• A minimum of Rs. 2000-00
• Vehicles rateable under Class E,F & G of the Commercial - Rs.50 for two wheelers and Rs.500-00
• Tariff for others
 IMT 22
GR 40
• COMPULSORY DEDUCTIBLE (Applicable to Private Cars, three wheelers rated
as private cars, all motorized two wheelers, taxis, private car type vehicle
plying for public/private hire, private type tax let out on private hire)
•  
• Motorised Two Wheeler 100-00
• Private Cars including three wheelers rated as Private Car (Not exceeding
1500 CC) 1000-00
• Private Cars including three wheelers rated as Private Car (Exceeding 1500
CC) 2000-00
• Taxis and Three wheelers rated as Commercial Vehicles (Not exceeding 1500
CC) 500-00
• Taxis and Three wheelers rated as Commercial Vehicles (Exceeding 1500 CC)
1000-00
 IMT 22A
GR 40 Two
Wheeler
Tariff

• VOLUNTARY DEDUCTIBLE (For private cars/motorized

two wheelers other than for hire or reward)
 IMT 23
GR 40
• COVER FOR LAMPS TYRES/TUBES, MUDGUARDS, BONNET
SIDE PARTS, BUMPERS, HEADLIGHTS AND PAINTWORK OF
DAMAGED PORTIONS ONLY (For all commercial vehicles)
• Additional premium@ 15% of the total gross OD premium is
charged.
• 50% of paint work
• Metal parts – 50% after applying the appropriate
depreciation according to the age of vehicle
• Rubber Parts – Against 50% after applying the Depreciation
of Rubber parts – in other words 25% of originally assessed
amount
 IMT 24
GR 41
• ELECTRICAL/ELECTRONIC FITTINGS
• If the cost of electronic/electronic fittings is
not included in the manufacturer’s selling
price, then these items are to be insured
separately under section-I of the Package
Policy.
• Premium is to be charged @ 4% on the value
declared by the insured.
 IMT 25
GR 42

• CNG/LPG KIT IN BI-FUEL SYSTEM (Own damage

cover for the kit)
• Premium is to be charged @ 4% on the value
declared by the insured
• Additional premium of Rs.60 is charged under TP
portion
• When the value of the CNG/LPG kit(in built) is
not separately available 5% extra is to be charged
on OD premium
 IMT 26
GR 45A
• RESTRICTED COVER FOR FIRE AND/OR THEFT RISKS ONLY – WHILE THE VEHICLE IS
IN GARAGE AND NOT IN USE(Not applicable for Misc. and Special Types of vehicles
ratable under Class-D and Motor Trade Policies under Classes-E,F and G of the
Commercial Vehicle Tariff)
• At the specific request of the insured that during the entire period of policy the
vehicle will not be used at all, the policy may be issued to cover the risks of Fire
and/or Theft (without Liability only cover) at the following rates
• FIRE ONLY 0.50% on IDV
• THEFT ONLY 0.50% on IDV
• FIRE & THEFT ONLY 0.75% on IDV
• CONCLUSION –
• Fire also covers Fire explosion, self ignition lightning and riot strike, malicious
damage terrorism, storm, tempest, flood inundation and earthquake perils whilst the
vehicle is laid up in garage and not in use
• Theft includes Burglary, housebreaking.
 IMT 27
GR 45B

• RESTRICTED COVER FOR LIABILITY AND FIRE AND/OR THEFT (Not applicable for Misc.
and Special Types of vehicles ratable under Class-D of the Tariff for Commercial
Vehicles)
• Policy may be issued covering the vehicle for the restricted liability only with Fire and
Theft Risk
• FIRE ONLY - Liability only premium + 25% of the appropriate OD premium for the
vehicle
• THEFT ONLY - Liability only premium + 30% of the appropriate OD premium for the
vehicle
• FIRE & THEFT ONLY Liability only prem. + 50% of the appropriate OD premium for the
vehicle
• CONCLUSION –
• Fire also covers Fire explosion, self ignition lightning and riot strike, malicious damage
terrorism, storm, tempest, flood inundation and earthquake perils whilst the vehicle is laid
up in garage and not in use
• Theft includes Burglary, housebreaking.
 IMT 28
Private Car Tariff,two wheeler
Tariff
• LEGAL LIABILITY TO PAID DRIVER AND/OR
CONDUCTOR AND/OR CLEARNER EMPLOYED IN
CONNECTION WITH THE OPERATION OF THE
INSURED VEHICLE (For all classes of vehicles).
• CONCLUSION:
• This IMT is governed by the provisions of
Workmen’s Compensation Act, 1923
• Additional Premium of Rs. 25-00 per employee is
charged.
 IMT 29
Private Car Tariff
• LEGAL LIABILITY TO EMPLOYEES OF THE INSURED OTHER
THAN PAID DRIVER AND/OR CONDUCOR AND/OR
CLEARNER WHO MAY BE TRACELLING OR DRIVING THE
EMPLOYER’S CAR (Private Cars only/Motorised two
wheelers (not for fire or reward)
• CONCLUSIONS
• Additional Premium of Rs. 25-00 per employee is charged
• Total no. of such employee carried (including the paid
driver, if applicable but not exceeding the registered
carrying capacity of the vehicle.
 IMT 30
Private Car Tariff

• TRAILERS (Applicable to private cars only)

• CONCLUSION
• Trailer to be used with any vehicle to be rated
Private Car can not be insured separately.
• The scope of the cover should be identical of
towing vehicle.
• Each trailer is required to be specifically identified
by its Registration No. and separate IDV.
• Floater policy covering trailer is prohibited.
 IMT 31
Private Car Tariff

• RELIABILITY TRIALS AND RALLIES (Private Cars and Motorised Two Wheelers)
• The policies may be extended to include use of the insured vehicle in a particular
rally
• Premium
• For Package policies - Rs.60/35 for the first day and Rs.30/20 for each succeeding
day of the rally respectively for Private Cars and Motorised Two Wheelers
• Liability policies only - Rs.25/15 for the first day and Rs.15/10 for each succeeding
day of the rally respectively for Private Cars and Motorised Two Wheelers
• Compulsory Deductible – It becomes Rs.5000-00/Rs.2500-00 respectively for
Private Cars and Motorised Two Wheelers
• The extension does not cover either the driver and/or the passengers carried in
the vehicle or the promoters of the event.
• This extension does not apply to speed tests, dexterity trials, hill climbs or motor
racing. However, it can be extended by charging a loading of 300% of both own
damage and Liability only premiums at a short period scales.
 IMT 32
Private Car Tariff

• ACCIDENTS TO SOLDIERS/SAILORS/AIRMEN
EMPLOYED AS DRIVER
• It provides that upon payment of additional
Rs.100-00, the company indemnified the
insured in the case of there is a injury/death
to the a Soldier/Airman/Sailor as employed by
the insured.
 IMT 33
Twowheeler
Tarifff

• LOSS OF ACCESSORIES (Applicable to

Motorised Two Wheelers Policies only)
• Can be covered by charging additional
premium @ 3% subject a minimum premium
of Rs.50-00
 IMT 34
Comm. Tariff
• USE OF COMMERICAL TYPE VEHICLES FOR BOTH
COMMERCIAL AND PRIVATE PURPOSES (applicable to
Commercial Vehicle Policies only)
• CONCLUSION
• The appropriate rate under CVT is charged with 25%
loading.
• The insurer will indemnify the insured against his legal
liability under common law and statutory liability under the
Fatal Accident Act,1855 in respect of death/bodily injury to
any person not being any employee of the insured
 IMT 35
Comm. Tariff

• HIRED VEHICLES – DRIVEN BY HIRER (Applicable to four

wheeled vehicles with carrying capacity not exceeding 6
passengers and Motorized Two Wheelers)
• Conclusion:
• The vehicle is being driven the insured in the charge of the
within named insured or a driver in the insured’s employment.
• The policy shall only be operative whilst the vehicle insured is
let on hire by the insured to any person (hereinafter called the
Hirer).
• The hirer shall have to enter in contract.
• Shall have valid DL
 IMT 36

• INDEMNITY TO HIRER- - PACKAGE POLICY –

Negligence of the insured or Hirer
• Conclusion
• The company will indemnify any hirer of the
vehicle insured against loss, damage and
liability in this policy by the negligence of the
within named insured or of any employee.
 IMT 37
Comm. Tariff

• LEGAL LIABILITY TO NON-FARE PAYING PASSENGERS OTHER

THAN STATUTORY LIABILITY EXCEPT THE FATAL ACCIDENT
ACT, 1855 ( Commercial Vehicles only)
• Conclusion
• The policy will indemnify the insured any employee who does
not come under the purview of Workmen’s compensation Act.
• He is not being carried for hire or reward.
• Good Carrying vehicle Rs.50 -00 per passenger
• Passenger carrying vehicle – Rs.100 per passenger
•  
 IMT 37A
Comm. Tariff

• LEGAL LIABILITY TO NON-FARE PAYING

PASSENGERS WHO ARE NOT EMPLOYEES OF
THE INSURED( Commercial Vehicles only)
• The policy will indemnify the insured for any
• He is not being carried for hire or reward.
• He should be a charterer or representative of
the truck.
 IMT 38
Comm. Tariff

• LEGAL LIABILITY TO FARE PAYING PASSENGERS

EXCLUDING LIABILITY FOR ACCIDENTS TO
EMPLOYEES OF THE INSURED ARISING OUT OF
AND IN THE COURSE OF THEIR EMPLOYMENT
(Commercial and Motor Trade Policies)
• This extension of cover is not permitted to be
given in respect of Motor Trade Policies ratable
under sub-section E F and G of the Tariff for
Commercial Vehicles.
 IMT 39

• LEGAL LIABILITY TO PERSONS EMPLOYED IN

CONNECTION WITH THE OPERATION AND/OR
MAINTIANING AND/OR LAODING AND/OR
UNLOADING OF MOTOR VEHICLE (For Goods
Vehicles)
• Additional premium @ Rs.25/- per employee
 IMT 39A

• LEGAL LIABILITY UNDER THE WOKMEN’S

COMPENSATION ACT, 1923 IN RESPECT OF
THE CARRIAGE OF MORE THAN SIX
EMPLOYEES (Excluding the Driver) IN GOODS
CARRYING VEHICLES.
 IMT 40

• LEGAL LIABILITY TO PAID AND/OR

CONDUCTOR AND/OR CLEANER EMPLOYED
IN CONNECTION WITH THE OPERATION OF
MOTOR VEHICLE. (For buses, taxis and
motorized three/four wheeler under
commercial vehicles Tariff)
• Additional premium @ Rs.25/- per employee
 IMT 41

• MOTOR TRADE POLICIES – CLASS “F” – ROAD RISKS ONLY

• For new vehicle radius will be 80 km from the insured’s address.
• The limit can be extended upto 120 kilometers upon payment of
additional premium of 15%.
• Beyond 120 kms are to be rated as per the Road Transit Risks
Schedule.
• From 160 to 320 kms 25% of the difference between
package policy and liability only policy premium
• Extension exceeding 320 kms 50% of the difference between
package policy and liability only policy premium
•  
 IMT 42

• PRIVATE CARRIERS (Goods Carrying

Commercial Vehicles only)
• This clause states that in no case the insurer
will be liable for the loss if the vehicle is used
for carrying goods not belonging to the
insured.
 IMT 43

• THEFT AND CONVERSION RISK

• Theft and conversion can be covered on
additional premium of Rs. 1.5% of the IDV
• And it is applicable only when the entire
vehicle has been stolen.
IMT 44 – OTHER THAN COVERED BY IMT 36

• INDEMNITY TO HIRER – PACKAGE POLICY –

NEGLIGENCE OF THE OWNER OR HIRER
 IMT 45

• INDEMNITY TO HIRER – LIABILITY ONLY

POLICY – NEGLIGENCE OF THE OWNER OR
HIRER
 IMT 46

• LEGAL LIABILITY TO PASSENGERS EXCLUDING

LIABILITY FOR ACCIDENTS TO EMPLOYEES OF
THE INSURED ARISING OUT OF AND IN
COURSE OF THEIR EMPLOYMENT (Applicable
to Ambulance/Hearses under Class D of
Commercial Vehicles and to Motor Trade
Vehicles.
 IMT 47

• MOBILE CRANES,DRILLING RIGS/MOBILE

PLANTS/EXCAVATORS/NAVVIES/SHOVELS/GRABS
/RIPPERS
• Overturning during operation of the equipment is
excluded from the scope of the cover, i.e., when
they are used as a tool of trade
• However it can be included on additional
premium of 0.15% of IDV subject to minimum 100
 IMT 48

• AGRICULTURAL AND FORESTRY VEHICLE AND

OTHER MIS. VEHICLES WITH TRAILERS ATTACHED –
EXTENDED COVER
• Upon additional premium Agricultural Implements
such as Ploughs, Harrows and like can be covered on
additional premium.
• However, under Section-I of the policy, the insurer is
not liable for any loss in respect of breakage of any
part of the agricultural trailer or implements caused
by ground obstruction
 IMT 49

• EXCLUSION OF LIABILITY TO THE PUBLIC

WORKING RISK (EXCEPT AS REQUIRED BY THE
MOTOR VEHICLE ACT, 1988)
• The insurer is not liable for any liability
incurred by the insured out of the use of
vehicle except as provided in MV Act.
 IMT 50

• CINEMA FILM RECORDING AND PUBLICITY

VAN
• The company is not liable for any loss caused
to instrument installed at the vehicle.
 IMT 51

• MOBILE SHOP/CANTEEN AND MOBILE

SURVERIES/DISPENSARIES
• The company is not liable for any loss caused
to instrument installed at the vehicle.
• The company is also not liable for bodily
injury/death or illness of any person caused
due to the use of any goods supplied by these
vehicles.
 IMT 52

• EXCLUSION OF DAMAGE WHILE IN USE AS A

TOOL OF TRADE
• The insurer is not liable for any liability
incurred by the insured out of the use of tool
of vehicle except as provided in MV Act.
 IMT 53

• SPECIFIED ATTACHMENTS (SPECIAL TYPE VEHICLES)

• Defines IDV of attachment
 IMT 54

• MOBILE PLANT – INCLUSION OF LIABILITY TO

THE PUBLIC WORKMING RISK WHERE TOOL
OF TRADE IS USED ONLY FOR WORK
PERFORMED IN OR UPON THE VEHICLE OR
TRAILER.
• The insurer is not liable for any liability arising
out of explosion due to the use of vehicle
except as provided in MV Act.
 IMT 55

• MOBILE PLANT – INCLUSION OF LIABILITY TO

THE PUBLIC WORKING RISK (ALL OTHER
CASES)
• The company is also not liable for bodily
injury/death or illness of any person caused
due to the subsidence, flooding or water
pollution, damage to pipe lines etc. by using
the Mobile plant.
 IMT 56

• TRAILERS (ROAD TRANSIT ONLY)

• That upon payment of additional premium
Section-I & II of the policy can be extended to
the Motor Vehicle attached to the Motor
Vehicle for the purpose of towing,
 IMT 57

• MOTORISED TWO WHEELERS (MOTOR TRADE

ONLY)
• This only refers to the Standard Form of Motor
Trade Policy.
 IMT 58

• LOAN OR HIRE OF MOTOR CARS, MOTORISED TWO

WHEELERS, MOTOR VEHICLES TO CUSTOMERS BY MOTOR
DEALERS (MOTOR TRADE ONLY)
• This provides that insured can let out on loan or hire when
the customer’s vehicles is/under repair with insured.
• For this purpose, the insured will make a record of the
same.
• Shall submit the statement to the insurer within one month
of the expiry of each period of insurance .
• The premium will be adjusted at the expiry of the policy.
 IMT 59

• PRIVATE USE OF VEHICLE BY

MEMBER/DIRECTOR/EMPLOYEE OF TRHE INSURED
(Motor trade only)
• On additional premium the policy can be extended to
indemnify in respect of liability to public risk whilst
using the vehicle for social and pleasure purpose by
• The insured
• A member or director of the insured
• An employee of the insured
 IMT 60

• DEMONSTRATION – DRIVING EXTENSION

(Applicable to Motor Trade Policies only)
• On payment of additional premium the policy
shall operative whilst the vehicle is driven for
demonstration provided that the driver must
possess valid effective driving licence and the
person driving the vehicle is not in the
employment of the insured but driving the
vehicle with the permission of the insured.
 IMT 61

• TUITION – DRIVING EXTENSION (Applicable

only to Motor Trade Policies issued on named
driver basis)
• On payment of additional premium the policy
shall operative whilst the vehicle is driven for
demonstration/tuition purposes by the named
driver person or the person taking tuition but
with the permission of insured.
 IMT 62

• DELETION OF 50% LIMITATION CLAUSE IN

RESPECT OF DAMAGE TO TYRES (Applicable to
Motor Trade Road Transit Risks policies only)
• On payment of additional premium of 1% or Rs.5
per chassis/vehicle per trip should be charged.
• Provided that Manufacturer/Dealer or any other
party must have insurable interest in such
chassis/vehicle.
 IMT 63

• RESTRICTION OF COVER TO LIABILITY RISK

ONLY (Motor Trade Internal Risks Policy)
• It provides that company’s liability in case of
Liability Policy is fixed for property damage
excluding damage to vehicle i.e. Rs.1.5 lacs for
any one accident.
 IMT 64

• OPEN-AIR CAR PARKS (Motor trade Internal Risks

only)
• As per tariff rates are prescribed for superficial area
not exceeding 2000 sq. meters as occupied by the
insured for the purpose of Motor Trade Business.
• On additional premium the open air Car parks but
outside motor trader’s premises as defined may be
covered but only 50% of the superficial area of such
car parks is to be used for premium calculation
purposes.
 IMT 65

• WORK AWAY FROM PREMISES (Motor Trade

Internal Risks only)
• Internal Risks policies may be extended to
cover the liability of the insured arising out of
work away from his own premises at an
additional premium of Rs.0.065% on the total
wages subject to a minimum additional
premium of Rs.50/-.