About Comprehensive Insurance Cover 
This type of insurance covers all the risks covered in the Motor Vehicles Act (as above), plus loss or damage caused to the vehicle due to:
Accident
Fire, Explosion, self-ignition, lightning
Burglary, house-breaking, theft
Riots & strikes
Earthquakes
Flood, typhoon, hurricane, storm, cyclones
Malicious acts
Terrorism
Transit by rail/road. air, waterways
Also included is the towing charge (up to Rs.1, 500/- for private vehicles and Rs.2, 500/- for commercial vehicles) incurred due to accident to the vehicle.
Exclusions to the Comprehensive Insurance Cover
This insurance does not cover loss or damage caused due to:
(a) Driver being under intoxication
(b) Vehicle being driven by a person not holding an effective, valid licence.
It also does not cover:
(a) Damage to tyres (unless the vehicle is also damaged).
(b) Wear & tear, mechanical breakdown.
Calculation in the case of Comprehensive Insurance Cover?
In the case of Comprehensive Insurance Cover, for the purpose of premium, vehicles are categorized as follows:
PRIVATE CAR:
This is used for personal purposes. The premium is computed on the following basis:
Geographical area of use and cubic capacity
Value of the vehicle. Accessories are to be specified separately under electrical and non-electrical items.
TWO-WHEELER:
This is used for personal purposes only. Premium is calculated on cubic capacity and value of vehicle. Accessories are to be specified. Theft of accessories is not covered, unless the vehicle is stolen at the same time.
COMMERCIAL VEHICLE:
This is a vehicle used for hire and is classified into:
Goods-carrying commercial vehicle: In this case premium is calculated on carrying capacity -gross vehicle weight and value of the vehicle. Accessories extra, as specified.
Passenger-carrying commercial vehicle: In this case premium is calculated on carrying capacity of the vehicle -Number of passengers and value of the vehicle. Accessories extra, as specified.
Note: all commercial vehicles are subject to compulsory excess in each and every claim for damage.
This type of insurance covers all the risks covered in the Motor Vehicles Act (as above), plus loss or damage caused to the vehicle due to:
Accident
Fire, Explosion, self-ignition, lightning
Burglary, house-breaking, theft
Riots & strikes
Earthquakes
Flood, typhoon, hurricane, storm, cyclones
Malicious acts
Terrorism
Transit by rail/road. air, waterways
Also included is the towing charge (up to Rs.1, 500/- for private vehicles and Rs.2, 500/- for commercial vehicles) incurred due to accident to the vehicle.
Exclusions to the Comprehensive Insurance Cover
This insurance does not cover loss or damage caused due to:
(a) Driver being under intoxication
(b) Vehicle being driven by a person not holding an effective, valid licence.
It also does not cover:
(a) Damage to tyres (unless the vehicle is also damaged).
(b) Wear & tear, mechanical breakdown.
Calculation in the case of Comprehensive Insurance Cover?
In the case of Comprehensive Insurance Cover, for the purpose of premium, vehicles are categorized as follows:
PRIVATE CAR:
This is used for personal purposes. The premium is computed on the following basis:
Geographical area of use and cubic capacity
Value of the vehicle. Accessories are to be specified separately under electrical and non-electrical items.
TWO-WHEELER:
This is used for personal purposes only. Premium is calculated on cubic capacity and value of vehicle. Accessories are to be specified. Theft of accessories is not covered, unless the vehicle is stolen at the same time.
COMMERCIAL VEHICLE:
This is a vehicle used for hire and is classified into:
Goods-carrying commercial vehicle: In this case premium is calculated on carrying capacity -gross vehicle weight and value of the vehicle. Accessories extra, as specified.
Passenger-carrying commercial vehicle: In this case premium is calculated on carrying capacity of the vehicle -Number of passengers and value of the vehicle. Accessories extra, as specified.
Note: all commercial vehicles are subject to compulsory excess in each and every claim for damage.
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