India Motor Tariff PDF

INDIA MOTOR TARIFF INDIA MOTOR TARIFF THE TARIFF ADVISORY COMMITTEE (HEREINAFTER CALLED TAC) HAVE LAID DOWN RULES, REGULATIONS, RATES, ADVANTAGES, TERMS AND CONDITIONS AS CONTAINED HEREIN, FOR TRANSACTION OF MOTOR INSURANCE IN INDIA IN ACCORDANCE WITH THE PROVISIONS OF PART II B OF TH...

INDIA MOTOR TARIFF INDIA MOTOR TARIFF THE TARIFF ADVISORY COMMITTEE (HEREINAFTER CALLED TAC) HAVE LAID DOWN RULES, REGULATIONS, RATES, ADVANTAGES, TERMS AND CONDITIONS AS CONTAINED HEREIN, FOR TRANSACTION OF MOTOR INSURANCE IN INDIA IN ACCORDANCE WITH THE PROVISIONS OF PART II B OF THE INSURANCE ACT, 1938. THIS TARIFF SUPERSEDES THE PROVISIONS OF THE INDIA MOTOR TARIFF IN EXISTENCE UPTO 30th JUNE 2002. i THE PROVISIONS OF THIS TARIFF ARE BINDING ON ALL CONCERNED AND ANY BREACH OF THE TARIFF SHALL BE A BREACH OF THE PROVISIONS OF THE INSURANCE ACT, 1938. ii  INDEX PAGE SECTION SUBJECT NO: SECTION 1. General Regulations (GR) SECTION 2. Tariff for Private Car SECTION 3. Tariff for Motorised Two–Wheelers SECTION 4. Tariff for Commercial Vehicles A. Tariff for Goods Carrying Vehicles B. Tariff for Trailers C. Tariff for Vehicles used for Carrying Passengers for Hire or Reward D. Tariff for Miscellaneous and Special Type of Vehicles E. Tariff for Motor Trade - Road Transit Risks F. Tariff for Motor Trade - Road Risks G. Tariff for Motor Trade - Internal Risks SECTION 5. Proposal Forms SECTION 6. Standard Wordings in respect of Policy including Premium Computation Table and Certificate of Insurance Cover Note - SECTION 7. India Motor Tariff (IMT) Endorsements SECTION 8. Statistical Codes Annexure iii  INDEX General Regulations Page No: GR.1. Insurance not provided for GR.2. Proposal Forms GR.3. Policy Forms GR.4. Extension of Geographical Area GR.5. Vintage Cars GR.6. Classic Cars GR.7. Valued Policies GR.8. Insured‟s Declared Value (IDV) GR.9. Depreciation on Parts for Partial Loss Claims GR.10. Geographical Zones GR.11. Period of Insurance GR.12. Premium Rates for Short Period Cover GR.13. Display of Premium GR.14. Computation of Premium GR.15. Payment of Premium GR.16. Minimum Premium GR.17. Transfers GR.18. Change of Vehicle GR.19. Vehicles Subject to Hire Purchase Agreement GR.20. Vehicles Subject to Lease Agreement GR.21. Vehicles Subject to Hypothecation Agreement GR.22. Cover Note GR.23. Certificate of Insurance GR.24. Cancellation of Insurance and Double Insurance GR.25. Cancellation and issuance of fresh Certificate of Insurance GR.26. Certificate or Cover Note destroyed, torn, soiled, defaced or mutilated GR.27. No Claim Bonus GR.28. Automobile Association Membership Discount GR.29. Discount for Vintage Cars GR.30. Discount for Anti-Theft Devices iv General Regulations Page No: GR.31. Concession for Laid-Up Vehicles GR.32. Prohibition of Mid term inclusion/cancellation of Extra benefits GR.33. Concessions for Specially Designed/ Modified Vehicles for the Blind, Handicapped and Mentally challenged persons GR.34. Registration and Insurance GR.35. Use of Vehicles within Insured‟s Premises / Sites GR.36. Personal Accident(PA) Cover under Motor Policy GR.37. Cover for vehicles imported without customs duty GR.38. Vehicles Requisitioned by Government GR.39. Third Party Property Damage (TPPD) Cover GR.40. Compulsory Deductibles GR.41. Electrical / Electronic fittings GR.42. Use of CNG / LPG Fuel GR.43. Fibre Glass Fuel Tanks GR.44. Vehicles used for Driving Tuitions GR.45A. Restricted cover for Fire and / or Theft Risks GR.45B. Restricted cover for Liability Only and Fire and / or Theft risks GR.46. Vehicles Driven by Non-Conventional Source of Power GR.47. Submission of Statistics GR.48. Interpretation of India Motor Tariff v  GENERAL REGULATIONS GR.1. Insurance not provided for: Motor Insurance in India cannot be transacted outside the purview of the India Motor Tariff unless specifically authorized by the TAC. For risks which have not been provided for in the tariff, reference should be made to TAC for advice thereon. Motor Insurance includes Private Cars, Motorized Two Wheelers and Commercial Vehicles excluding vehicles running on rails. GR.2. Proposal Forms: Proposal Form as specified in Section 5 of the INDIA MOTOR TARIFF is required to be submitted by the insured to the insurer before the commencement of cover and at renewal in case of material alteration. For change of IDV at each renewal, however, a fresh proposal is not necessary. Such changes may be advised by the insured to the insurer by a letter signed by the insured / insured‟s authorized signatory ( for companies / body corporate) and sent to the insurer by recorded delivery. In case of change of insurer, a fresh proposal is required to be submitted to the new insurer. The insurers may include additional questions in the proposal form for their information and use. GR.3. Policy Forms: Policies insuring Motor Vehicles are to be issued only as per the Standard Form(s) given in Section 6 of the INDIA MOTOR TARIFF. A. Types of Policies There are two types of Policies : (i) Liability Only Policy: This covers Third Party Liability for bodily injury and/ or death and Property Damage.Personal Accident Cover for Owner- Driver is also included. (ii) Package Policy: This covers loss or damage to the vehicle insured in addition to (i) above. Restricting the scope of cover under Section-I (loss of or damage to the vehicle insured) of the Package policy without any reduction in Tariff rates is permitted. Excepting this, no alteration or extension of any of the Covers, Terms, Conditions, Exclusions, etc. of any of the Policies/Endorsements laid down in this tariff is permitted without prior approval of the TAC. 1 B. Rating: Rates provided under this Tariff are minimum rates. Loading on tariff premium rates by 100% may be applied for adverse claims experience of the vehicle insured and individual risk perception as per the insurer‟s assessment. If the experience continues to be adverse, a further loading of 100% on the expiring premium may be applied. No further loading shall apply. GR.4. Extension of Geographical Area The Geographical Area of Motor Policies may be extended to include a) Bangladesh b) Bhutan c) Nepal d) Pakistan e) Sri Lanka f) Maldives as the case may be, by charging a flat additional premium, as stated below for a period not exceeding 12 months: For Package Policy..... Rs.500/ per vehicle, irrespective of the class of vehicle. For policies other than Package Policy Rs.100/ per vehicle, irrespective of the class of vehicle. For such extensions Endorsement IMT 1 is to be used. Such geographical extensions, however, specifically exclude cover for damage to the vehicle/ injury to its occupants/ TP liability in respect of the vehicle during air passage/ sea voyage for the purpose of ferrying the vehicle to the extended Geographical Area. GR.5. Vintage Cars Any car manufactured prior to 31-12-1940 and duly certified by the Vintage and Classic Car Club of India can be considered a Vintage car for the purpose of this tariff. GR.6. Classic Cars Any 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. There is however, no provision for special rating or cover for such vehicles under this tariff. 2 GR.7. Valued Policies Under an Agreed Value Policy a specified sum agreed as the insured value of the vehicle is paid as compensation in case of Total Loss/Constructive Total Loss of the vehicle without any deduction for depreciation. It is not permitted to issue Agreed Value Policies under this tariff excepting for policies covering vintage cars as defined under 5 above. For such policies, Endorsement IMT- 2 is to be used. GR.8. Insured‟s Declared Value (IDV) The Insured‟s Declared Value (IDV) of the vehicle will be deemed to be the „SUM INSURED‟ for the purpose of this tariff and it will be fixed at the commencement of each policy period for each insured vehicle. The IDV of the vehicle is to be fixed on the basis of manufacturer‟s listed selling price of the brand and model as the vehicle proposed for insurance at the commencement of insurance /renewal and adjusted for depreciation (as per schedule specified below). The IDV of the side car(s) and / or accessories, if any, fitted to the vehicle but not included in the manufacturer‟s listed selling price of the vehicle is also likewise to be fixed. The schedule of age-wise depreciation as shown below is applicable for the purpose of Total Loss/ Constructive Total Loss (TL/ CTL) claims only. A vehicle will be considered to be a CTL, where the aggregate cost of retrieval and / or repair of the vehicle subject to terms and conditions of the policy exceeds 75% of the IDV. The depreciation for replacement of parts in partial loss claims will be as per a separate schedule specified under GR.9. SCHEDULE OF DEPRECIATION FOR ARRIVING AT IDV AGE OF THE VEHICLE % OF DEPRECIATION FOR FIXING IDV Not exceeding 6 months 5% Exceeding 6 months but not exceeding 1 year 15% Exceeding 1 year but not exceeding 2 years 20% Exceeding 2 years but not exceeding 3 years 30% Exceeding 3 years but not exceeding 4 years 40% Exceeding 4 years but not exceeding 5 years 50% 3 NOTE: IDV of vehicles beyond 5 years of age and of obsolete models of the vehicles ( i.e. models which the manufacturers have discontinued to manufacture) is to be determined on the basis of an understanding between the insurer and the insured. For the purpose of TL/CTL claim settlement, this IDV will not change during the currency of the policy period in question. It is clearly understood that the liability of the insurer shall in no case exceed the IDV as specified in the policy schedule less the value of the wreck, in „as is where is‟ condition. GR.9. Depreciation on Parts for Partial Loss Claims The following rates of depreciation shall apply for replacement of parts for partial loss claims in respect of all categories of vehicles / accessories. 1. Rate of depreciation for all rubber nylon/ plastic 50% parts, tyres and tubes, batteries and air bags - 2 Rate of depreciation for all fibre glass components 30% - 3. Rate of depreciation for all parts made of glass Nil - 4. Rate of depreciation for all other parts including wooden parts is to be as per the following schedule : AGE OF THE VEHICLE % OF DEPRECIATION Not exceeding 6 months Nil Exceeding 6 months but not exceeding 1 year 5% Exceeding 1 year but not exceeding 2 years 10% Exceeding 2 years but not exceeding 3 years 15% Exceeding 3 years but not exceeding 4 years 25% Exceeding 4 years but not exceeding 5 years 35% Exceeding 5 years but not exceeding 10 years 40% Exceeding 10 years 50% 4 GR.10. Geographical Zones For the purpose of rating, the whole of India has been divided into the following zones depending upon the location of the office of registration of the vehicle concerned. (i) Private Cars/ Motorized Two Wheelers / Commercial Vehicles rateable under Section 4.C.1 and C.4. Zone A: Ahmedabad, Bangalore, Chennai, Hyderabad , Kolkata, Mumbai, New Delhi and Pune. Zone B: Rest of India (ii) Commercial Vehicles excluding vehicles rateable under Section 4. C.1 and C.4. Zone A Chennai, Delhi / New Delhi, Kolkata, Mumbai Zone B All other State Capitals Zone C Rest of India GR.11. Period of Insurance Unless specifically stated otherwise, premiums quoted in the Schedules under various Sections of the India Motor Tariff are the premiums payable on policies issued or renewed for a period of twelve months. No policy is permitted to be issued or renewed for any period longer than twelve months. It shall, however, be permissible to extend the period of insurance under the policy for any period less than twelve months, for the purpose of arriving at a particular renewal date or for any other reasons convenient to the insured, by payment of extra premium calculated on pro-rata basis, provided such policies are renewed with the same insurer immediately after the expiry of such an extension. All such extensions will require attachment of the following Warranty to the policy. "In consideration of the premium for this extension being calculated at a pro-rata proportion of the annual premium, it is hereby declared and agreed by the insured that upon expiry of this extension, this policy shall be renewed for a period of twelve months, failing which the difference between the extension premium now paid on pro rata basis and the premium at short period rate shall become payable by the insured.” GR.12. Premium Rates for Short Period Cover Short Period Cover/ Renewal may be granted for periods less than twelve months at the following short period scale: 5  SHORT PERIOD SCALE PERIOD % OF ANNUAL PREMIUM RATE Not exceeding 1 month 20% Exceeding 1 month but not exceeding 2 months 30% Exceeding 2 months but not exceeding 3 months 40% Exceeding 3 months but not exceeding 4 months 50% Exceeding 4 months but not exceeding 5 months 60% Exceeding 5 months but not exceeding 6 months 70% Exceeding 6 months but not exceeding 7 months 80% Exceeding 7 months but not exceeding 8 months 90% Exceeding 8 months Full annual premium/ rate N.B.: 1.Extension of short period covers/short period renewals, for any reason, can be granted only by charging the premium for such extensions at the above mentioned short period rates. N.B.:2. Short period covers/short period renewals for Liability Only Policies are not permissible. GR.13. Display of Premium (a) In case of a Package Policy, the Own Damage and the Liability components of premium are required to be displayed separately in the Policy Schedule. (b) Similarly, all permissible loadings on /discounts from tariff rates are required to be displayed separately in the policy schedule. (c) The Own Damage as well as the Liability components of premium are required to be rounded off to the nearest rupee, separately. GR.14. Computation of Premium The premium payable on a policy is required to be calculated in accordance with the 6 Premium Computation Tables appearing in the Tariff. For applicable discounts / loadings, if any, reference is also to be made to the relevant GRs as well as regulations contained in the specific section(s) of the Tariff while computing premium. GR.15. Payment of Premium The full premium is required to be collected before commencement of cover. It is not permissible to collect premium in installments. GR.16. Minimum Premium The minimum premium applicable for vehicles specially designed or modified for use of the blind, handicapped and mentally challenged persons will be Rs.25/- per vehicle. For all other vehicles, the applicable minimum premium per vehicle will be Rs.100/-. GR.17. Transfers On transfer of ownership, the Liability Only cover, either under a Liability Only policy or under a Package policy, is deemed to have been transferred in favour of the person to whom the motor vehicle is transferred with effect from the date of transfer. The transferee shall apply within fourteen days from the date of transfer in writing under recorded delivery to the insurer who has insured the vehicle, with the details of the registration of the vehicle, the date of transfer of the vehicle, the previous owner of the vehicle and the number and date of the insurance policy so that the insurer may make the necessary changes in his record and issue fresh Certificate of Insurance. In case of Package Policies, transfer of the “Own Damage” section of the policy in favour of the transferee, shall be made by the insurer only on receipt of a specific request from the transferee along with consent of the transferor. If the transferee is not entitled to the benefit of the No Claim Bonus (NCB) shown on the policy, or is entitled to a lesser percentage of NCB than that existing in the policy, recovery of the difference between the transferee‟s entitlement, if any, and that shown on the policy shall be made before effecting the transfer. A fresh Proposal Form duly completed is to be obtained from the transferee in respect of both Liability Only and Package Policies. Transfer of Package Policy in the name of the transferee can be done only on getting acceptable evidence of sale and a fresh proposal form duly filled and signed. The old Certificate of Insurance for the vehicle, is required to be surrendered and a fee of Rs.50/- is to be collected for issue of fresh Certificate in the name of the transferee. If for any reason, the old Certificate of Insurance cannot be surrendered, a proper declaration to that effect is to be taken from the transferee before a new Certificate of Insurance is issued. Endorsement IMT - 3 is to be used. 7 GR.18. Change of Vehicle A vehicle insured under a policy can be substituted by another vehicle of the same class for the balance period of the policy subject to adjustment of premium, if any, on pro-rata basis from the date of substitution. Where the vehicle so substituted is not a total loss, evidence in support of continuation of insurance on the substituted vehicle is required to be submitted to the insurer before such substitution can be carried out. Endorsement IMT - 4 is to be used. GR.19. Vehicles Subject to Hire Purchase Agreement Policies and Certificates of Insurance are to be issued in the name of Hirer only and issuance in the joint names of the Hirer and Owner is prohibited. If Owner's interest is to be protected it should be done by the use of Endorsement IMT - 5. For the purpose of the Personal Accident cover for the Owner-Driver granted under the policy, the insured named in the policy will continue to be deemed as the Owner- driver subject to conditions of the policy relating to this cover. GR.20. Vehicles Subject to Lease Agreement Policies and Certificates of Insurance are to be issued in the name of Lessee only and issuance in the joint names of the Lessee and Lessor is prohibited. If Lessor‟s interest is to be protected, it should be done by the use of Endorsement IMT - 6. For the purpose of the Personal Accident cover for the Owner-Driver granted under the policy, the insured named in the policy will continue to be deemed as the Owner- driver subject to conditions of the policy relating to this cover. GR.21. Vehicles Subject to Hypothecation Agreement Policies and Certificates of Insurance are to be issued in the name of Registered Owner only and issuance in the joint names of the Registered Owner and Pledgee is prohibited. If Pledgee‟s interest is to be protected, it should be done by the use of Endorsement IMT - 7. For the purpose of the Personal Accident cover for the Owner-Driver granted under the policy, the registered owner named in the policy will continue to be deemed as the Owner- driver subject to conditions of the policy relating to this cover. 8 GR.22. Cover Note (i) Cover Notes insuring Motor Vehicles are to be issued only in Form 52 in terms of Rule 142 Sub-Rule (1) of the Central Motor Vehicles Rules 1989. (Refer Section 6 of the India Motor Tariff). (ii) In terms of Rule 142, Sub-Rule (2) of Central Motor Vehicles Rules 1989, a Cover Note shall be valid for a period of sixty days from the date of its issue and the insurer shall issue a policy of insurance before the date of expiry of the Cover Note. GR.23. Certificate of Insurance A Certificate of Insurance for a Motor Vehicle is to be issued only in FORM 51 in terms of Rule 141 of Central Motor Vehicle Rules 1989. (Refer Section 6 of the India Motor Tariff). GR.24. Cancellation of Insurance and Double Insurance A Cancellation of Insurance (a) A policy may be cancelled by the insurer by sending to the insured seven days notice of cancellation by recorded delivery to the insured‟s last known address and the insurer will refund to the insured the pro-rata premium for the balance period of the policy. (b) A policy may be cancelled at the option of the insured with seven days notice of cancellation and the insurer will be entitled to retain premium on short period scale of rates for the period for which the cover has been in existence prior to the cancellation of the policy. The balance premium, if any, will be refundable to the insured. Refund of premium will be subject to: i) there being no claim under the policy, and ii) the retention of minimum premium as specified in the Tariff. (c ) A policy can be cancelled only after ensuring that the vehicle is insured elsewhere, at least for Liability Only cover and after surrender of the original Certificate of Insurance for cancellation. (d) Insurer should inform the Regional Transport Authority (RTA) concerned by recorded delivery about such cancellation of insurance. 9 B. Double Insurance When two policies are in existence on the same vehicle with identical cover, one of the policies may be cancelled. Where one of the policies commences at a date later than the other policy, the policy commencing later is to be cancelled by the insurer concerned. If a vehicle is insured at any time with two different offices of the same insurer, 100% refund of premium of one policy may be allowed by canceling the later of the two policies. However, if the two policies are issued by two different insurers, the policy commencing later is to be cancelled by the insurer concerned and pro-rata refund of premium thereon is to be allowed. If however, due to requirements of Banks/Financial Institutions, intimated to the insurer in writing, the earlier dated policy is required to be cancelled, then refund of premium is to be allowed after retaining premium at short period scale for the period the policy was in force prior to cancellation. In all such eventualities, the minimum premium as specified in the tariff is to be retained. In either case, no refund of premium can be allowed for such cancellation if any claim has arisen on either of the policies during the period when both the policies were in operation, but prior to cancellation of one of the policies. GR.25. Cancellation and issuance of fresh Certificate of Insurance Following any changes in the policy during its currency, affecting the information shown on the Certificate of Insurance, the Certificate of Insurance is required to be returned to the Insurer for cancellation and a fresh Certificate incorporating the changes is to be issued. Information regarding change of number of Engine and/ or Chassis of the vehicle, is required to be intimated to the insurer immediately for effecting necessary changes in the policy, provided such changes are duly endorsed on the Registration Certificate. The Certificate of Insurance is also required to be returned immediately for issuance of fresh Certificate of Insurance incorporating the changes. Remittance of Rs. 50/- is required to be made to the insurer for each issuance of fresh Certificate of Insurance. GR.26. Certificate or Cover Note destroyed, torn, soiled, defaced or mutilated. 1. Where the insured a) lodges with an insurer a declaration in which he declares that a Certificate of 10  Insurance or Cover Note issued to him by such insurer has been lost, destroyed, torn, soiled, defaced or mutilated and sets out full particulars of the circumstances connected with the loss or destruction of the certificate or cover note and the efforts made to find it; OR b) returns to the authorized insurer the Certificate or Cover Note issued to him by such insurer in a torn, soiled, defaced or mutilated condition; AND c) pays to the insurer a fee of Rs.50/- (Fifty) in respect of each such new certificate or Cover Note, the insurer shall, if satisfied that such certificate or cover note has been lost, destroyed and that all reasonable efforts have been made to find it, or that it has been destroyed or is soiled, defaced or mutilated as the case may be, issue in lieu thereof a duplicate certificate or insurance or cover note with the word „Duplicate‟ prominently endorsed to that effect. 2. When a duplicate certificate of insurance or cover note has been issued in accordance with the provisions of sub rule (1) on representation that a certificate or cover note has been lost and the original certificate or cover note is afterwards found by the holder, the original certificate or cover note, as the case may be, shall be surrendered to the insurer. GR.27. No Claim Bonus (a) No Claim Bonus(NCB) can be earned only in the Own Damage section of Policies covering all classes of vehicles but not on Motor Trade Policies (Road Transit Risks / Road Risks / Internal Risks) and policies which cover only Fire and / or Theft Risks. For policies covering Liability with Fire and/or Theft Risks, the NCB will be applicable only on the Fire and / or Theft components of the premium. An insured becomes entitled to NCB only at the renewal of a policy after the expiry of the full duration of 12 months. (b) No Claim Bonus, wherever applicable, will be as per the following table. ALL TYPES OF VEHICLES % OF DISCOUNT ON OWN DAMAGE PREMIUM No claim made or pending during the preceding full year of 20% insurance No claim made or pending during the preceding 2 consecutive 25% years of insurance No claim made or pending during the preceding 3 consecutive 35% years of insurance No claim made or pending during the preceding 4 consecutive 45% years of insurance No claim made or pending during the preceding 5 consecutive 50% years of insurance 11  Sunset Clause: If at the renewal falling due any time between 1st July 2002 and 30th June 2003, both days inclusive, (after completion of the full policy period of 12 months) an insured becomes entitled to an NCB of 55% or 65% in terms of the Tariff prevailing prior to 1st July 2002, the entitlement of such higher percentage of NCB will remain protected for all subsequent renewals till a claim arises under the policy, in which case the NCB will revert to „Nil‟ at the next renewal. Thereafter, NCB if any earned, will be in terms of the above table. (c) The percentage of applicable NCB is to be computed on the Own Damage premium required for renewal of the insurance after deducting any rebate in respect of "Vehicle Laid Up" under the policy. If the policy period has been extended in lieu of the rebate for the lay up of the vehicle, as per „Vehicle Laid Up‟ Regulation, such extended period shall be deemed to have been part of the preceding year of insurance. (d) The entitlement of NCB shall follow the fortune of the original insured and not the vehicle or the policy. In the event of transfer of interest in the policy from one insured to another, the entitlement of NCB for the new insured will be as per the transferee‟s eligibility following the transfer of interest. It is however, clarified that the entitlement of No Claim Bonus will be applicable for the substituted vehicle subject to the provision that the substituted vehicle on which the entitled NCB is to be applied is of the same class (as per this tariff) as the vehicle on which the NCB has been earned. Provided that where the insured is an individual, and on his/ her death the custody and use of the vehicle pass to his/her spouse and/or children and/or parents, the NCB entitlement of the original insured will pass on to such person/s to whom the custody and use of the vehicle pass. (e) The percentage of NCB earned on a vehicle owned by an institution during the period when it was allotted to and exclusively operated by an employee should be passed on to the employee if the ownership of the vehicle is transferred in the name of the employee. This will however require submission of a suitable letter from the employer confirming that prior to transfer of ownership of the vehicle to the employee, it was allotted to and exclusively operated by the employee during the period in which the NCB was earned. (f) In the event of the insured, transferring his insurance from one insurer to another insurer, the transferee insurer may allow the same rate of NCB which the insured would have received from the previous insurer. Evidence of the insured's NCB entitlement either in the form of a renewal notice or a letter confirming the NCB entitlement from the previous insurer will be required for this purpose. 12  Where the insured is unable to produce such evidence of NCB entitlement from the previous insurer, the claimed NCB may be permitted after obtaining from the insured a declaration as per the following wording: “I / We declare that the rate of NCB claimed by me/us is correct and that no claim as arisen in the expiring policy period (copy of the policy enclosed). I/We further undertake that if this declaration is found to be incorrect, all benefits under the policy in respect of Section I of the Policy will stand forfeited.” Notwithstanding the above declaration, the insurer allowing the NCB will be obliged to write to the policy issuing office of the previous insurer by recorded delivery calling for confirmation of the entitlement and rate of NCB for the particular insured and the previous insurer shall be obliged to provide the information sought within 30 days of receipt of the letter of enquiry failing which the matter will be treated as a breach of Tariff on the part of the previous insurer. Failure of the insurer granting the NCB to write to the previous insurer within 21 days after granting the cover will also constitute a breach of the Tariff. (g) If an insured vehicle is sold and not replaced immediately, or laid up, and the policy is not renewed immediately after expiry, NCB, if any, may be granted on a subsequent insurance, provided such fresh insurance is effected within 3 (three) years from the expiry of the previous insurance. The rate of NCB applicable to the fresh policy shall be that earned at the expiry of the last 12 months period of insurance. (h) On production of evidence of having earned NCB abroad, an insured may be granted NCB on a new policy taken out in India as per entitlement earned abroad, provided the policy is taken out in India within three years of expiry of the overseas insurance policy, subject to relevant provisions of NCB under these rules. (i) Except as provided in Rule (g), no NCB can be allowed when a policy is not renewed within 90 days of its expiry. (j) Except as provided in Rules (g), (h) and (i) above, NCB is to be allowed only when the vehicle has been insured continuously for a period of 12 months without any break. GR.28. Automobile Association Membership Discount: For valid membership of recognized Automobile Associations such as Automobile Association of Eastern India, the Uttar Pradesh Automobile Association, the Western India Automobile Association, Automobile Association of Southern India, the Automobile Association of Upper India, a discount @ 5% of the Own Damage premium, subject to a maximum of Rs.200/- for a Private Car and maximum of Rs.50/- for a Motorized Two Wheeler may be allowed. It is, however, clarified that irrespective of the number of Associations of which an insured may be a member, discount for only one membership of such Association is to be permitted. The discount is applicable only on the Own Damage premium under Section I of the Package Policy. Policies covering Fire and/or Theft risks only are not eligible for the discount. 13 The discount applies to both new business and renewals. If the insured becomes a member of any of the above Automobile Associations, during the currency of the policy, the discount may be allowed pro-rata calculated from the date of his membership of the Association concerned. On cancellation or termination of the membership of the Automobile Association during the currency of the policy, pro rata discount from the date of cancellation/ termination of membership till the expiry of the policy is to be recovered from the insured. Application of this discount will require attachment of Endorsement IMT – 8. The insurers, however, should ascertain the validity of the membership at each renewal before granting the discount. The discount is applicable only to individual owners or joint owners or companies who are members of the above mentioned Automobile Associations. A member of the above mentioned Automobile Associations, who buys a private car/motorized two wheeler under Hire Purchase system or under a leasing agreement and has the sole use of it and pays the insurance premium, shall be entitled to the discount for Automobile Association membership, provided he/she is otherwise eligible to receive the discount under the rules. The name of such hire purchaser/lessee is to be stated on the policy. GR.29. Discount for Vintage Cars Private Cars certified by the Vintage and Classic Car Club of India as Vintage Cars will be eligible for 25% discount on Own Damage Premium. For mid-term certification as Vintage Car pro-rata proportion of the tariff discount for the unexpired period of the policy is to be allowed. Endorsement IMT – 9 is to be used. GR.30. Discount for Anti-Theft Devices Vehicles (other than those covered under Motor Trade policies) fitted with anti-theft devices approved by Automobile Research Association of India (ARAI), Pune and whose installation is duly certified by any of the Automobile Associations mentioned in GR.28 above are eligible for a discount of 2.5% on the OD component of premium subject to a maximum of Rs. 500/-. For mid-term installation of anti-theft device approved and certified as above in the vehicle insured, pro rata proportion of the premium discount calculated as per tariff provision for the unexpired period of the policy is to be allowed. Endorsement IMT – 10 is to be used. 14 GR.31. Concession for Laid-Up Vehicles Vehicles laid up in garage and not in use for a period of not less than two consecutive months will be entitled to: I. For Liability Only Policy - a) A pro-rata return of premium for the period during which the vehicle is so laid up, which return will be credited to the insured in consideration of suspension of the insurer‟s liability under the policy during the period of lay-up. The credited return of premium will be deducted from the next renewal premium. This cannot be given as cash refund even if the policy is not renewed with the same insurer. The calculation of the amount of the return premium is to be made on the net premium on the date of issue of the policy or the date of renewal of the policy preceding the laying-up of the vehicle. OR b) The expiry date of the current period of insurance under the policy may be extended for a period equal to the period the policy remained suspended on account of the lay- up. The adoption of alternatives (a) or (b) above will be at the option of the insured. In either case, the insured will be required to pay Rs.15/- towards administrative costs. II. For Package Policy The liability of the insurer under the policy will remain restricted for loss or damage of the insured vehicle by Fire and/or Theft as applicable during the period of such lay-up. In consideration of this restriction of cover under the policy: - a) a pro rata return of premium for the period during which the vehicle is so laid up will be credited to the insured after retention of pro rata premium for the lay-up period in the tariff rate for Fire and/or Theft Risks as applicable for the class of vehicle concerned. The credited return of premium will be deducted from the next renewal premium. This cannot be given as cash refund even if the policy is not renewed with the same insurer. The calculation of the amount of the return of premium is to be made on the net premium on the date of issue of the policy or the date of renewal of the policy preceding the laying-up of the vehicle OR b) the expiry date of the current period of insurance under the policy may be extended for a period equal to the period the policy remained suspended on account of the lay- up. 15  The adoption of alternatives (a) or (b) above will be at the option of the insured. In either case, the insured will be required to pay Rs.15/- towards administrative costs. Return of premium or extension of policy period in lieu thereof, on account of lay-up of vehicles, both in respect of Liability Only Policies and Package Policies, will be available provided i) the vehicle is not undergoing repairs during lay-up as a result of an event giving rise to a claim under the policy ; ii) previous notice in writing has been given to the insurer by recorded delivery ; iii) the certificate of insurance has been returned to the insurer ; and iv) the period of lay-up / suspension of policy shall not extend beyond twelve months from the expiry date of the policy period in which the lay-up has commenced. Endorsement IMT 11-A is to be used where the entire period of lay-up and suspension / restriction of cover has been intimated to the insurer. Endorsements IMT 11-B/11-C is to be used where the entire period of lay-up and suspension / restriction of cover is “until further notice”. No return of premium or extension of policy period in lieu thereof is to be allowed for lay-up of trailers and vehicles used for hire or reward or for Motor Trade purpose, except when the permits for vehicles are temporarily withheld or suspended by the Government. GR.32. Prohibition of mid-term inclusion/cancellation of extra benefits Mid-term inclusion/cancellation of extra benefits shall not be permitted more than once during the currency of a policy. GR.33. Concessions for Specially Designed / Modified Vehicles for the Blind, Handicapped and Mentally challenged persons In case of vehicles specially designed / modified for use of blind, handicapped and mentally challenged persons, a discount of 50% may be allowed on the Own Damage premium in respect of both privately owned vehicles and vehicles owned and used by institutions engaged exclusively in the services of the blind, handicapped and mentally challenged persons. The discount is to be allowed only in respect of such vehicles, which have been suitably endorsed in the Registration Certificate by the RTA concerned. Endorsement IMT –12 is to be used. GR.34. Registration, use and Insurance It is not permissible to insure any vehicle in the name of an insured not conforming to the name recorded as owner of the vehicle in the vehicle registration document, excepting i) in case of temporary substitution, 16  ii) in respect of Motor Trade Risk, or iii) as provided in General Regulation 19, 20 and 21 It is not permissible to insure any vehicle for use for a purpose other than that permitted by the RTA concerned GR.35. Use of Vehicles within Insured‟s Premises / Sites (i) Use confined to own premises (applicable to all classes except as otherwise provided in the Tariff). Where a vehicle is to be used in the insured's own premises to which the public have no general right of access and provided the vehicle is not licensed by the authorities concerned for general road use, a policy may be issued at the applicable Tariff rate with a discount of 33 1/3%. No Certificate of Insurance or Cover Note which includes a Certification is permitted to be issued in such cases. Endorsement IMT 13 is to be used. (ii) Use confined to Sites (Applicable to Goods Carrying Vehicles). Where a vehicle is to be used only on a site or sites to which the public has no general right of access and the vehicle is not required to be registered under the Motor Vehicles Act, a policy may be issued at the applicable Tariff rate with a discount of 33 1/3%. No Certificate of Insurance or Cover Note which includes a Certification is permitted to be issued in such cases. Endorsement IMT 14 is to be used. GR.36. Personal Accident (PA) Cover under Motor Policy (not applicable to vehicles covered under Section E, F and G of Tariff for Commercial Vehicles) A. Compulsory Personal Accident Cover for Owner-Driver Compulsory Personal Accident Cover shall be applicable under both Liability Only and Package policies. The owner of insured vehicle holding an „effective‟ driving license is termed as Owner-Driver for the purposes of this section. Cover is provided to the Owner-Driver whilst driving the vehicle including mounting into/ dismounting from or traveling in the insured vehicle as a co–driver. NB. This provision deals with Personal Accident cover and only the registered owner in person is entitled to the compulsory cover where he/she holds an effective 17 driving license. Hence compulsory PA cover cannot be granted where a vehicle is owned by a company, a partnership firm or a similar body corporate or where the owner-driver does not hold an effective driving license. In all such cases, where compulsory PA cover cannot be granted, the additional premium for the compulsory P.A. cover for the owner - driver should not be charged and the compulsory P. A. cover provision in the policy should also be deleted. Where the owner-driver owns more than one vehicle, compulsory PA cover can be granted for only one vehicle as opted by him/her. The scope of the cover, Capital Sum Insured (CSI) and the annual premium payable under this section are as under:- TYPE OF CAPITAL SUM PREMIUM COVER VEHICLES INSURED (Rs.) (Rs.) Motorised 1 lakh 50/- i) 100% of CSI for Death, Loss of Two Two Limbs or sight of both eyes or one Wheelers limb and sight of one eye. ii) 50% of CSI for Loss of one Limb or sight of one eye. iii)100% for Permanent Total Disablement from injuries other than named above. Private Cars 2 lakhs 100/- i)100% of CSI for Death, Loss of Two Limbs or sight of both eyes or one limb and sight of one eye. ii)50% of CSI for Loss of one Limb or sight of one eye. iii)100% for Permanent Total Disablement from injuries other than named above Commercial 2 lakhs 100/- i) 100% of CSI for Death, Loss of vehicles Two Limbs or sight of both eyes or one limb and sight of one eye. ii) 50% of CSI for Loss of one Limb or sight of one eye. iii)100% for Permanent Total Disablement from injuries other than those named above. 18 B. Optional Personal Accident Cover for persons other than Owner-Driver The cover under this section is limited to maximum Capital Sum Insured (CSI) of Rs. 2 lacs. per person.. Cover is available only in respect of the following persons:- 1. Private Cars including three wheelers rated as Private cars and motorized two wheelers with or without side car (not for hire or reward): For insured or any named person other than the paid driver and cleaner. Endorsement IMT – 15 is to be used. 2. Private Cars, three wheelers rated as Private cars and Motorized Two Wheelers (not used for hire or reward) with or without side car : For unnamed passengers limited to the registered carrying capacity of the vehicle other than the insured, his paid driver and cleaner. Endorsement IMT – 16 is to be used. 3. In respect of all classes of vehicles: For paid drivers, cleaners and conductors. Endorsement IMT – 17 is to be used. 4. Motorized Two Wheelers with or without side car( used for hire or reward ): For unnamed hirer/ driver. Endorsement IMT – 18 is to be used. The scope of the cover, Capital Sum Insured and the annual premium payable under this section would be as under:- DESCRIPTION OF % OF PREMIUM FOR EVERY UNIT OF BENEFITS CAPITAL CSI OF Rs.10,000/- OR PART SUM THEREOF (IN Rs) INSURED Pvt.Car Mot.TwoWheeler Com.Veh. i) Death only 100% 5 7 6 ii) Loss of Two Limbs or 100% 5 7 6 sight of two eyes or one limb and sight of one eye iii) Loss of one Limb or Sight 50% 5 7 6 of one eye iv) Permanent Total 100% 5 7 6 Disablement from injuries other than named above 19 GR.37. Cover for vehicles imported without customs duty Policies issued to cover imported vehicles belonging to Embassies , Consulates etc. where the 'import duty' element is not included in the IDV the premium chargeable under Section – I ( loss of or damage to the vehicle insured) of the policy shall be loaded by 30%. Endorsement IMT - 19 is to be used. GR.38. Vehicles requisitioned by Government Vehicles requisitioned by the Government are automatically held covered during the period of requisition without any additional premium. In the event of a loss/ damage occurring during the period of such requisition, the insurer shall pay losses / liabilities if any, in excess of the amount(s) made good by the Government. GR.39. Third Party Property Damage (TPPD) Cover A. Limits of cover for Third Party Property Damage (other than for goods carried in the insured vehicle) under Liability Only policies and under Section II – 1(ii) of various Package policies are as per the following table:- (This provision shall not apply to vehicles ratable under Class G – Tariff for Motor Trade - Internal Risks) CLASS OF VEHICLES TPPD COVER (Rs) 1. Commercial Vehicles (Excluding Three Wheelers, Taxis and 7.50 lakhs motorized two wheelers ratable under Tariff for Commercial vehicles ) 2. Commercial Vehicles - Three Wheelers and Taxis 7.50 lakhs 3. Private Cars 7.50 lakhs 4. Motorized Two Wheelers – Private and Commercial 1.00 lakh B. However, the insured can at the inception of the policy, opt to restrict to the TPPD cover to the statutory limit of Rs. 6000/- as provided in the M. V. Act. In such an event, the base TP premium applicable (before any loading/ discount ) may be reduced by Rs. 200/-, Rs. 150/-, Rs. 100/- and Rs. 50/- for Class 1, 2, 3 and 4 as above respectively. Endorsement IMT - 20 is to be used. Mid-term change of TPPD limits is not permitted. 20 GR.40. Compulsory Deductibles. Claims under Own Damage section of policies covering all classes of vehicles are subject to a compulsory deductible as per the under noted table:- TYPE OF VEHICLES COMPULSORY DEDUCTIBLES (Rs) Commercial Goods carrying Passenger carrying Vehicles (other Vehicles Vehicles than vehicles Not exceeding 7500 Kg. Not exceeding 17 500/- rateable under GVW passengers Class-D,E,F Exceeding 7500 Kg. GVW Exceeding 17 passengers 1000/- and G of CVT) but not exceeding 16500 Kg. but not exceeding 36 GVW passengers Exceeding 16500 Kg. Exceeding 36 passengers 1500/- GVW 0.5% of IDV of the Vehicles rateable under Class D of the Commercial Vehicles Tariff (CVT) vehicle subject to a minimum of Rs. 2000/- Vehicles rateable under Class E, F and G of the Commercial Vehicles Rs.50/-for two- Tariff (CVT) wheelers and Rs. 500/- for others Taxis and Three Wheelers rated as Commercial Vehicles (Not exceeding 500/- 1500cc) Taxis and Three Wheelers rated as Commercial Vehicles (Exceeding 1500 1000/- cc) Private Cars including three wheelers rated as Private Cars(Not 500/- exceeding1500cc) Private Cars including three wheelers rated as Private Cars (Exceeding 1500 1000/- cc) Motorized Two Wheelers. 50/- NB.1. The above Compulsory Deductibles are also to be applied where restricted covers as specified under GR 45 A/B are granted. NB.2. The endorsements applicable for compulsory deductibles as per above schedule will be as follows: a. For all commercial vehicles excluding taxis and motorized two wheelers b. carrying passengers for hire or reward– Endorsement IMT – 21 is to be used. c. For private cars, three wheelers rated as private cars, all motorized two wheelers and taxies – Endorsement IMT– 22 is to be used. NB.3. Exclusions under (a) of Endorsement IMT- 21 may be reinstated in cover by payment of additional premium @15% of the total gross OD premium (before application of any discount) and Endorsement IMT-23 is to be used for such reinstatement of excluded cover. 21 GR.41. Electrical / Electronic fittings If electrical and or electronic items fitted to the vehicle but not included in the manufacturer‟s selling price of the vehicle are to be insured, it can be done separately under Section-I ( loss of or damage to the vehicle insured) of the package policy at an additional premium @ 4% on the value of such fittings to be specifically declared by the insured in the proposal form and or in a letter forming part of the proposal form. Endorsement IMT- 24 is to be used. GR.42. Use of CNG / LPG fuel (a) In case of vehicles fitted with bi-fuel system such as Petrol/Diesel and CNG /LPG, permitted by the concerned RTA, the CNG/LPG kit fitted to the vehicle is to be insured separately at an additional premium @ 4% on the value of such kit to be specifically declared by the insured in the proposal form and/or in a letter forming part of the proposal form. Endorsement IMT- 25 is to be used. (b) Where the vehicle is fitted with only CNG/ LPG engine or where the vehicle is fitted with bi-fuel system referred above but the value of the CNG / LPG kit is not separately available, reference is to be made to TAC for advice on rating of Own Damage cover. (c) An additional premium of Rs. 60/- per vehicle to be charged towards Liability Only cover on account of CNG/ LPG system. GR.43. Fibre glass fuel tanks All policies covering vehicles fitted with fibre glass fuel tanks will attract an additional premium of Rs. 50/- in the Own Damage section excepting vehicles rateable under Class D of Commercial Vehicles Tariff where the additional premium will be Rs. 100/-. GR. 44. Vehicles used for Driving Tuitions Vehicles used by Driving Schools recognized by the RTA for giving tuition, having double clutches and double brakes with professional tutor accompanying the trainee can be covered by charging premium as under :- VEHICLE OWN DAMAGE PREMIUM LIABILITY ONLY PREMIUM Private cars Applicable O.D. premium + 60% As per Private car tariff Commercial vehicle Applicable O.D. premium + 60% As per Commercial vehicle - Goods carrying tariffs vehicle Commercial Applicable O.D. premium + 60% As per Commercial vehicle vehicle – Passenger tariffs carrying vehicles 22 In case of three wheelers and motorized two wheelers used by Driving Schools recognized by the RTA for giving tuition, the premium chargeable will be the applicable tariff premium with a loading of 60% (on both Own Damage and Liability Only risks premiums.) Note: For vehicles used for driving tuitions the words “other than for the purpose of driving tuitions” are to be added after the words “hire or reward” in the Policy Schedule/ Certificate of Insurance concerning “LIMITATIONS AS TO USE”. GR. 45A Restricted cover for Fire and / or Theft Risks (Only while the vehicle is in garage and not in use) On the basis of written specific declaration from the insured to the effect that for the entire duration of the policy period the vehicle will not be used at all, policies may be issued to cover the risks of Fire and/or Theft only (without Liability Only cover) at the following rates of premium subject to a minimum premium as specified under GR. 16. Issuance of this restricted cover is prohibited for vehicles rateable under Class – D (Tariff for Miscellaneous and Special Types of Vehicles), Class – E (Tariff for Motor Trade - Road Transit Risks), Class – F (Tariff for Motor Trade – Road Risks only) and Class – G ( Tariff for Motor Trade – Internal Risks only). RISKS COVERED PREMIUM Fire Only 0.50 % on IDV Theft Only 0.50 % on IDV Fire & Theft Only 0.75 % on IDV Endorsement IMT 26 is to be used. Compulsory deductibles as in GR.40 shall apply. Additional premium for electric / electronic items as in GR.41 shall apply. Additional premium for use of CNG / LPG as in GR.42 shall apply. Additional premium for compulsory PA cover to owner-driver as in GR 36 shall apply. N.B. Discounts may be granted on the net premium for Fire & Theft risks if the insured opts for voluntary deductibles in respect of vehicles rateable under Tariff for Private Cars / Motorized Two Wheelers. No other discount is permissible. GR 45 B Restricted cover for Liability Only and Fire and / or Theft Risks Policy may be issued covering the vehicle for the restricted Liability Only with Fire and /or Theft risks only by charging premium as per the following schedule subject to a 23 minimum premium as specified under GR – 16. Issuance of this restricted cover is prohibited for vehicles rateable under Class – D, Tariff for Miscellaneous and Special Types of Vehicles. Risk Covered Premium Liability Only Policy with Fire Liability Only Premium + 25% of the appropriate only cover OD Premium for the vehicle Liability Only Policy and Theft Liability Only Premium + 30% of the appropriate OD Premium for the vehicle Liability Only Policy and Fire Liability Only Premium + 50% of the appropriate & Theft OD Premium for the vehicle Endorsement IMT 27 is to be used. NOTE : For Declaration Policies issued under Section „Motor Trade – Road Transit Risks only – Class E‟ – Refer to the relevant section of the said Tariff. Compulsory deductible as in GR- 40 shall apply Additional premium for electric / electronic items as in GR.41 shall apply. Additional premium for use of CNG / LPG as in GR.42 shall apply. Additional premium for compulsory PA cover to owner-driver as in GR 36 shall apply. N. B. The following discounts are permissible (a) NCB on Fire and/or Theft components of the premium (b) Discounts on fire and / or theft risks premium components for voluntary deductibles for vehicles rateable under Tariff for Private Cars / Motorized Two Wheelers. (c) Discounts for Membership of recognised Automobile Associations as per GR.28 for vehicles rateable under Tariff for Private Cars / Motorized Two Wheelers. GR. 46. Vehicles driven by non-conventional source of power. For rating of vehicles driven solely by any non-conventional source of power, like battery etc., and permitted by RTA s, reference may be made to TAC. 24 GR. 47. Submission of Statistics To enable the TAC to evaluate the efficacy, adequacy and justification of this tariff and to consider whether or not provisions of the tariff require review / rationalization and to facilitate such review / rationalization based on actual underwriting experience of the Motor portfolio it is imperative that the insurers furnish detailed and dependable statistics on various aspects of this tariff relating to terms of cover limitations exceptions and pricing thereof. To facilitate data collection and its periodical submission to TAC under provisions of Section 64 UE of Insurance Act 1938 extensive statistical codes as provided under Section - 8 of this tariff has to be made use of. GR. 48. Interpretation of India Motor Tariff On matters relating to any of the provisions of the India Motor Tariff, clarifications and interpretations given by the Tariff Advisory Committee will be final and binding on all concerned. 25  SECTION – 2 TARIFF FOR PRIVATE CAR REGULATIONS 1. SCOPE: (a) Private Car Type Vehicles used for social, domestic and pleasure purposes and also for professional purposes (excluding the carriage of goods other than samples) of the insured or used by the insured's employees for such purposes but excluding use for hire or reward, racing, pace making, reliability trial, speed testing and use for any purpose in connection with the Motor Trade. (b) Motorized three wheeled vehicles (including motorized rickshaws / cabin body scooters used for private purposes only) N.B. 1. Motorized three wheeled vehicles (including motorized rickshaws/ cabin body scooters used for private purposes only), with engine cubic capacity exceeding 750 cc but not exceeding 1000 cc, are to be rated on the basis of minimum cubic capacity of 1000 cc. Motorized three wheeled vehicles with engine cubic capacity not exceeding 750 cc. are also to be rated as Private Cars with 50% discount on Own Damage premium only. The premium rates shall however not be less than the rates applicable for motorized two wheelers prescribed for the same CC and age under Section-3 of this tariff. The Premium for Liability cover and / or for any extra benefits should be collected in full. N.B. 2. Motorized three wheeled vehicles used for carriage of either own goods or for hire or reward are rateable under Class A.3 / Class A.4 ( as applicable) of the Commercial Vehicles Tariff. N.B. 3. Motorized three wheeled vehicles (including motorized rickshaws / cabin body scooters) used for carrying passengers for hire or reward are rateable under Class C. 1 /Class C. 2 / Class C.3 (as applicable) of the Commercial Vehicles Tariff. N.B. 4. Vehicles used for driving tuitions. – Refer to GR 44. 2. PREMIUM RATING : Rating Factors : The premium rating is based on the following factors: a) Insured‟s Declared Value (IDV) of the vehicle (For determining IDV-Refer to GR.8) b) Cubic Capacity c) Geographical Zones d) Age of the vehicle 26 POLICY SCHEDULE WORDING REGARDING LIMITATIONS AS TO USE AND DRIVER LIMITATIONS AS TO USE The Policy covers use of the vehicle for any purpose other than a) Hire or Reward b) Carriage of goods (other than samples or personal luggage) c) Organized racing d) Pace making e) Speed testing f) Reliability Trials g) Use in connection with Motor Trade Note: In case of vehicles used for Driving Tuition add the words “other than for the purpose of driving tuition” after the words „hire or reward‟. DRIVER Any person including the insured Provided that a person driving holds an effective driving license at the time of the accident and is not disqualified from holding or obtaining such a license. Provided also that the person holding an effective Learner‟s license may also drive the vehicle and that such a person satisfies the requirements of Rule 3 of the Central Motor Vehicles Rules, 1989. 4. COVER NOTE, CERTIFICATE OF INSURANCE AND POLICY ARE TO BE ISSUED ONLY IN THE STANDARD FORMS GIVEN AS PER SECTION 6 OF THE INDIA MOTOR TARIFF. (REFER TO GR.22, GR.23 AND GR.3) 5. LIMITS OF LIABILITY FOR THIRD PARTY a) Under Section II -1 (i) of the Package As per requirements of Motor Vehicle policy Act, 1988 (Under Section 1 (i) of the Liability Only Policy) b) Under Section II –1 (ii) of the Package Rs. 7.5 lakhs policy or (Under Section 1(ii) of the Liability Only Rs.6,000/-, where the proposer / insured Policy) opts to limit the TPPD liability to the statutory limit of Rs.6000/-. Endorsement IMT-20 is to be used. NB. 1. The limit under 5 (b) above is in respect of any one claim or series of claims arising out of one event / occurrence. NB. 2. If at the insured‟s option, the expiring TPPD cover stands limited to the statutory 27  limit of Rs. 6,000/-, an additional premium of Rs. 100/- is to be charged for changing the TPPD cover to Rs. 7.5 lakhs on renewal. 6. SCHEDULE OF PREMIUM i) Zones - For the purpose of rating under this tariff the whole of India has been divided into the following zones depending upon the location of the office of registration of the vehicle concerned: Zone A: Ahmedabad, Bangalore, Chennai, Hyderabad , Kolkata, Mumbai, New Delhi and Pune. Zone B: Rest of India ii) Minimum values for the purpose of computation of premium, in respect of private cars shall be as under irrespective of any lower value proposed for insurance. Cubic Capacity Minimum Value Not exceeding 1000 cc Rs. 15,000/- Exceeding 1000 cc but not exceeding 1500 cc Rs. 20,000/- Exceeding 1500 cc Rs. 30,000/- A. RATES OF PREMIUM FOR OWN DAMAGE COVER ZONE B ZONE A CUBIC CAPACITY CUBIC CAPACITY Age Not Exceed Exceeed Not Exceeding 1000cc Exceeding 1500 cc of exceed -ing -ing exceed but not exceed - the -ing 1000cc 1500 cc -ing ing 1500 cc vehicle 1000 cc but not 1000 cc exceed -ing 1500 cc Not exceeding 5 years 3.039 % 3.191 % 3.343 % 3.127 % 3.283 % on IDV 3.440 % on IDV on IDV on IDV on IDV on IDV Exceeding 5 years but not exceeding 10 years 3.191 % 3.351 % 3.510 % 3.283 % 3.447 % on IDV 3.612 % on IDV on IDV on IDV on IDV on IDV Exceeding 10 years 3.267 % 3.430 % 3.594 % 3.362 % 3.529 % on IDV 3.698 % on IDV on IDV on IDV on IDV on IDV NB. 1 Compulsory deductible as in GR. 40 shall apply. NB. 2 Additional premium for electrical / electronic items as in GR. 41 shall apply. NB. 3 Additional premium for CNG / LPG fuel as in GR. 42 shall apply. NB 4. Additional premium for compulsory PA cover to owner-driver as in GR 36 shall apply. 28 DISCOUNTS The following discounts may be granted. a. Voluntary deductibles. Insured may opt for higher deductible over and above the compulsory deductible (GR.40) in which case discount will be allowed as per the following:- VOLUNTARY DISCOUNT DEDUCTIBLE Rs. 2500 20% on the OD premium of the vehicle, subject to a maximum of Rs. 750/- Rs. 5000 25% on the OD premium of the vehicle, subject to a maximum of Rs. 1500/- Rs. 7500 30% on the OD premium of the vehicle, subject to a maximum of Rs. 2000/- Rs. 15000 35% on the OD premium of the vehicle, subject to a maximum of Rs. 2500/- N.B. These deductibles are to be added to the appropriate compulsory deductibles provided under G.R.– 40 and the total figure thus arrived at should be substituted for the compulsory deductible figure appearing in Endorsement IMT - 22. A. b. No Claim Bonus as in GR.27. c. Automobile Association Discount as in GR.28. d. Discount for Vintage Car as in GR.29. e. Discount for Anti-Theft Devices as in GR.30. No other discount is permissible. B. PREMIUM FOR LIABILITY ONLY COVER CUBIC CAPACITY OF THE VEHICLE PREMIUM Not exceeding 1000 cc Rs.500/- Exceeding 1000cc but not exceeding 1500 cc Rs.600/- Exceeding 1500 cc Rs.700/- NB. Additional premium for use of CNG / LPG fuel as in GR. 42 shall apply. 29  C. RESTRICTED COVER FOR FIRE AND / OR THEFT RISKS (Only while the vehicle is in garage and not in use) - Refer to GR.45.A D. RESTRICTED COVER FOR LIABILITY ONLY WITH FIRE AND / OR THEFT RISKS - Refer to GR. 45.B 7. EXTRA BENEFITS Premium for each of the following extra benefit opted for by the insureds is to be shown separately in the premium computation table: (i) Legal liability to paid drivers /and/or cleaner employed in connection with the operation and/or maintenance of motor vehicle under the Workmen‟s Compensation Act, Fatal Accidents Act and at Common Law (ii) Legal Liability to employees of the insured traveling in and / or driving the employer's vehicle. Liability to employees of the insured traveling in or driving the employer's vehicle, either excluding or including the paid driver may be covered on payment of Additional Premium @ Rs. 25/- per employee, the premium being chargeable on the total number of such employees carried (including the paid driver, if applicable) but not exceeding the maximum licensed seating capacity of the vehicle. The Additional Premium of Rs.25/- per employee is net irrespective of any period of insurance not exceeding 12 months. Endorsement IMT-28 (for paid driver and/or cleaner) or IMT-29 (employees other than paid driver and/or cleaner) as applicable is to be used. (ii) Trailers : Trailers to be used with any vehicle rateable under this tariff can not be insured separately and the scope of cover on the trailer(s) is to correspond to the cover for the towing vehicle. Each such trailer is required to be specifically identified by its Registration Number and separate IDV is to be declared for each such trailer. Issuance of floater policy covering such trailers is strictly prohibited. Premium Schedule for Trailers Type of Policy OD Premium TP Premium Package policy Rs. 50/- + 0.5% on IDV Rs. 125/- Liability Only policy Not applicable Rs. 125/- Fire or Theft Policy Rs. 20/- + 0.20% on IDV Not applicable Fire and Theft Policy Rs. 30/- + 0.30% on IDV Not applicable Liability Only Policy with Fire or Theft Rs. 20/- + 0.20% on IDV Rs. 125/- cover Liability Only Policy with Fire and Rs. 40/- + 0.40% on IDV Rs. 125/- Theft cover Endorsement IMT - 30 is to be used. 30  (iii) Rallies held in India Policies may be extended to include use of the insured vehicle in a particular rally organized by any recognised motoring organization on payment of the following additional premium :- Type of Policy Additional Premium For Package Policies Rs. 60/- for the first day and Rs. 30/- for each succeeding day of the rally. For Liability Only Policies Rs. 25/- for the first day and Rs. 15/- for each succeeding day of the rally. Endorsement IMT-31 is to be used for such extensions. N.B. 1 The compulsory deductibles for the Own Damage cover under Package Policy referred to under GR 40 will become Rs. 5000/- for each and every claim for the entire duration of this extension only. N.B. 2. The extension does not cover either the driver and / or the passengers carried in the vehicle or the promoters of the event. N.B. 3. This extension does not apply to speed tests, dexterity trials, hill climbs or motor racing (whether organized separately or included in the course of a rally). Rally extensions may be further extended to include motor racing, speed tests, dexterity trials, hill climbs or motor racing (whether organized separately or included in the course of a rally) by charging a loading of 300% of both Own Damage and Liability Only premiums at Short Period rates for the duration of the rally, but with the exclusion of any cover in respect of either the owner-driver, driver and / or passengers carried in the vehicle or the promoters of the event. (iv) Reliability Trials Conducted in India by Manufacturers of Vehicles in India If such trials are to be insured, reference is to be made to TAC with the appropriate details. (v) Accidents to Soldiers/ Sailors/Airmen employed as Drivers by Defence officials in their private capacity:- Legal liability of defense officials under Army/Navy/Airforce regulations for bodily injury/death caused to soldiers/sailors/airmen employed as drivers by them in their private capacity whilst driving the vehicle insured (including mounting into, dismounting from or traveling in the vehicle) may be covered at an additional premium of Rs 100/- provided the drivers hold effective driving license. The additional premium of Rs 100/- is a flat premium chargeable for a period of insurance not exceeding 12 months. Endorsement IMT - 32 is to be used. 31  SECTION – 3 TARIFF FOR MOTORISED TWO WHEELERS REGULATIONS 1. SCOPE : This Tariff is applicable to motorized two wheelers (with or without side car) used for social, domestic and pleasure purposes and for professional purposes (excluding the carriage of goods other than samples) of the insured or used by the insured's employees for such purposes but excluding use for hire or reward, racing, pace making, reliability trial, speed testing and use for any purpose in connection with the Motor Trade. NOTES i) Motorized two wheelers (with or without side cars) used for carrying passengers for hire or reward are rateable under Class C.4 of the Tariff for Commercial Vehicles ii) Motorized two wheelers (with or without side cars) used for Motor Trade purposes (Road Risks only) are rateable under Class F of the Tariff for Commercial Vehicles. iii) Vehicles used for driving tuitions. – Refer to GR 44. 2. PREMIUM RATING : Rating Factors : The premium rating is based on the following factors: a) Insured‟s Declared Value (IDV) of the vehicle (For determining IDV-Refer to GR.8) b) Cubic Capacity c) Geographical Zones d) Age of the vehicle 3. POLICY SCHEDULE WORDING REGARDING LIMITATIONS AS TO USE AND DRIVER CLAUSE A. Limitations as to use: Use only for social, domestic and pleasure purposes and for the insured‟s business or profession. The Policy does not cover use for hire or reward, tuition, racing, pace making, reliability trial, speed testing, carriage of goods(other than samples or personal luggage) in connection with any trade or business or use for any purpose in connection with Motor Trade. N.B. 1 In case of vehicles used for Driving Tuition add the words “other than for the purpose of driving Tuition” after the words „hire or reward‟. 32 N.B. 2 Where use of the two wheeler is to be restricted to use only with a side-car attached, the words “or use unless a side-car is attached to the Motorized two wheelers” may be added after the words “Motor Trade” above. B. Driver Any person including the insured Provided that a person driving holds an effective driving license at the time of the accident and is not disqualified from holding or obtaining such a license, Provided also that the person holding an effective Learner‟s license may also drive the vehicle and that such a person satisfies the requirements of Rule 3 of the Central Motor Vehicles Rules, 1989. 4. POLICIES ISSUED OTHER THAN TO INDIVIDUALS Policies may be issued in the name of joint owners or companies without additional premium. Certificate of Insurance with standard wording is applicable. 5. COVER NOTE, CERTIFICATE OF INSURANCE AND POLICY ARE TO BE ISSUED ONLY IN THE STANDARD FORMS GIVEN IN SECTION 6 OF THE INDIA MOTOR TARIFF. (PLEASE REFER GR.22 AND GR.23 AND GR.3) 6. LIMITS OF LIABILITY FOR THIRD PARTY a) Under Section II -1 (i) of the Package As per requirements of Motor Vehicle policy Act, 1988 (Under Section 1(i) of the Liability Only Policy) b) Under Section II –1 (ii) of the Package Rs. 1 lakh policy or (Under Section 1(ii) of the Liability Only Rs.6,000/-, where the proposer / insured Policy) opts to limit the TPPD liability to the statutory limit of Rs.6000/-. Endorsement IMT-20 is to be used. NB. 1. The limit under 6 (b) above is in respect of any one claim or series of claims arising out of one event / occurrence. NB. 2. If at the insured‟s option, the expiring TPPD cover stands limited to the statutory limit of Rs. 6,000/-, an additional premium of Rs. 50/- is to be charged for changing the TPPD cover to Rs. 1 lakh on renewal. 33 7. SCHEDULE OF PREMIUM (i) Zones - For the purpose of rating under this tariff the whole of India has been divided into the following zones depending upon the location of the office of registration of the vehicle concerned: Zone A: Ahmedabad, Bangalore, Chennai, Hyderabad , Kolkata, Mumbai, New Delhi and Pune. Zone B: Rest of India. (ii) Minimum values for the purpose of computation of premium, in respect of motorized two wheelers shall be as under irrespective of any lower value proposed for insurance. CUBIC CAPACITY MINIMUM VALUE Not exceeding 150 cc Rs. 5,000/- Exceeding 150 cc but not exceeding 350 Rs. 6,000/- cc Exceeding 350 cc Rs. 7,000/- (iii) If a two wheeler is used with a side car attached, 25% discount may be allowed on the Own Damage premium arrived at after addition of premium if any, for electric/electronic items and for use of CNG/LPG fuel. (iv) A three wheeler designed for operation by physically handicapped persons should be rated as a two wheeler with side car. A. PREMIUM RATES FOR OWN DAMAGE COVER ZONE B ZONE A CUBIC CAPACITY CUBIC CAPACITY Not Exceed Exceeed Not Exceed Exceeed-ing Age exceed -ing -ing 350 exceed -ing 350 cc of -ing 150c but cc -ing 150c the 150 cc not 150 cc but not vehicle exceed exceed -ing 350 -ing 350 cc cc Not exceeding 5 years 1.676 % 1.760 % 1.844 % 1.708 % 1.793 % 1.879 % on on IDV on IDV on IDV on IDV on IDV IDV Exceeding 5 years but not exceeding 10 years 1.760 % 1.848 % 1.936 % 1.793 % 1.883 % 1.973 % on on IDV on IDV on IDV on IDV on IDV IDV Exceeding 10 years 1.802 % 1.892 % 1.982 % 1.836 % 1.928 % 2.020 % on on IDV on IDV on IDV on IDV on IDV IDV 34 NB. 1. Compulsory Deductible as in GR 40 shall apply. NB. 2. Additional premium for electrical / electronic items as in GR 41 shall apply. NB. 3. Additional premium for use of CNG / LPG fuel as in GR 42 shall apply. NB. 4. Additional Premium for compulsory PA cover to owner-driver as is GR 36 shall apply. DISCOUNTS The following discounts may be granted. a) Voluntary Deductibles Insured may opt for higher deductible over and above the compulsory deductible (GR- 40) in which case suitable discount will be allowed as per the following table:- Voluntary Discount Deductible Rs. 500 5% on the OD premium of the two wheeler, subject to a maximum of Rs. 50/-. Rs. 750 10% on the OD premium of the two wheeler, subject to a maximum of Rs.75/- Rs. 1000 15% on the OD premium of the two wheeler, subject to a maximum of Rs.125/- Rs. 1500 20% on the OD premium of the two wheeler, subject to a maximum of Rs.200/- Rs. 3000 25% on the OD premium of the two wheeler, subject to a maximum of Rs.250/- N.B. These deductibles are to be added to the appropriate compulsory deductibles provided under G.R.– 40 and the total figure thus arrived at should be substituted for the compulsory deductible figure appearing in Endorsement IMT - 22 A. b) No Claim Bonus as in GR. 27. c) Automobile Association Discount as in G.R. 28 d) Discount for Anti-Theft Devices as in G.R.30 e) Discount for side-car as in item 7 (iii) of this section. No other discount is permissible. 35 B. Premium for Liability Only cover CUBIC CAPACITY OF THE VEHICLE PREMIUM Not exceeding 75 cc Rs.135/- Exceeding 75 cc but not exceeding 150 cc Rs.160/- Exceeding 150 cc but not exceeding 350 cc Rs.175/- Exceeding 350 cc Rs.190/- NB. Additional premium for use of CNG / LPG fuel as in GR 42 shall apply. C. Restricted cover for Fire and / or Theft Risks - Refer to GR 45 A ( Only while the vehicle is in garage and not in use) D. Restricted cover for Liability Only and Fire and/or Theft Risks-Refer to GR 45 B 8. EXTRA BENEFITS NOTES a) Premium for each of the following extra benefits opted for by the insured is to be shown separately in the Premium Computation Table. b) Except extra benefit No.(ii), all other benefits are to be insured not separately but only in conjunction with a Package Policy. Extra benefit No.(ii) may be insured in conjunction with both Liability Only Policy and Package Policy. i. Loss of Accessories : Loss of accessories, the property of the Insured , by Theft may be covered at an additional premium @ 3% of the value of the accessories specifically declared by the proposer / insured in the proposal form and or in a letter forming part of the proposal from, subject to a minimum premium of Rs.50/- for this extra benefit only. Endorsement IMT – 33 is to be used. ii. Legal Liability to persons employed (Paid Drivers/Cleaners) in connection with the operations and/or maintenance of the two wheeler under the Workmen's Compensation Act, 1923, Fatal Accidents Act, 1855 and at Common Law Legal Liability to persons employed (paid drivers/cleaners) in connection with the operations and/or maintenance of the two wheeler under the Workmen's Compensation Act, 1923, Fatal Accidents Act, 1855 and at Common Law may be insured at an additional premium of Rs. 25/- per employee. The Additional Premium of Rs.25/- per employee is net irrespective of any period of insurance not exceeding 12 months. Endorsement IMT -28 is to be used. iii. Liability to the employees of the insured (other than Paid drivers/Cleaners) who may be driving/riding the employer's two wheeler. Liability to the employees of the insured (other than paid drivers/cleaners), who may be 36 driving/riding the employer's two wheeler may be insured at an additional premium of Rs.60/-. Endorsement IMT- 29 is to be used. iv. Rallies held in India Policies may be extended to include use of the insured two wheeler in a particular rally organized by any recognised motoring organization on payment of the following additional premium :- Type of Policy Additional Premium For Package Policies Rs. 35/- for the first day and Rs. 20/- for each succeeding day of the rally. For Liability Only Policies Rs. 15/- for the first day and Rs. 10/- for each succeeding day of the rally. Endorsement IMT- 31 is to be used for such extensions. N.B. 1. The compulsory deductible for the Own Damage cover under Package Policy referred to under GR 40 will become Rs. 2500/- for each and every claim for the entire duration of this extension only. N.B. 2. The extension does not cover either the driver and / or the passengers carried in the two wheeler or the promoters of the event. N.B. 3. This extension does not apply to speed tests, dexterity trials, hill climbs or motor racing (whether organized separately or included in the course of a rally). Rally extensions may be further extended to include motor racing, speed tests, dexterity trials, hill climbs or motor racing (whether organized separately or included in the course of a rally) by charging a loading of 300% of both Own Damage and Liability Only premiums at Short Period rates for the duration of the rally, but with the exclusion of any cover in respect of either the owner-driver, driver and / or passengers carried in the vehicle or the promoters of the event. v. Reliability Trials Conducted in India by Manufacturers of Vehicles in India If such reliability trials are to be covered, reference is to be made to TAC with appropriate details. 37  SECTION 4 TARIFF FOR COMMERCIAL VEHICLES REGULATIONS 1. SCOPE The Commercial Vehicles Tariff (CVT) is applicable to all vehicles not provided for under any other section of this Tariff, excluding vehicles running on rails. The CVT is classified as follows: A. Tariff for Goods Carrying Vehicles A.1 Public Carriers } } other than three wheelers A.2 Private Carriers } A.3 Goods Carrying Motorized Three Wheelers and Motorized Pedal Cycles. (Public Carriers ) A.4 Goods Carrying Motorized Three Wheelers and Motorized Pedal Cycles. (Private Carriers) B. Tariff for Trailers C. Tariff for Vehicles used for carrying Passengers for Hire or Reward This Tariff is sub classified into : C.1 Tariff for four wheeled vehicles and three wheeled vehicles used for carrying passengers for hire or reward with carrying capacity not exceeding 6 passengers. C.2 Tariff for four (or more) wheeled passenger carrying vehicles with carrying capacity exceeding 6 passengers and three wheeled passenger carrying vehicles with carrying capacity exceeding 17 passengers for hire or reward. C.3 Tariff for motorized three wheeled passenger carrying vehicles with carrying capacity exceeding 6 passengers but not exceeding 17 passengers for hire or reward. C.4 Tariff for motorized two wheelers used for carrying passengers for hire or reward. D. Tariff for Miscellaneous and Special Type of vehicles E. Tariff for Motor Trade -- Road Transit Risks only F. Tariff for Motor Trade -- Road Risks only G. Tariff for Motor Trade -- Internal Risks only 38 NOTES: (i) Any vehicle used for hire (other than for private hire) is not to be insured under the Motor Trade Tariff. (ii) The term Goods Carrying Vehicles includes any type of motor vehicles used for the transport of goods. (iii) An Articulated Vehicle means a towing vehicle to which a trailer is attached in such a manner that part of the trailer is superimposed on and part of the weight of the trailer is borne by the towing vehicle, the towing vehicle and the trailer being registered as one unit. Articulated vehicles are to be rated under the appropriate class of the tariff based on the actual use of the vehicles. For the purpose of computing premium, a tractor and one superimposed trailer shall be treated as one vehicle. Additional trailers are to be treated as trailers. Where trailers used with a tractor are of differing carrying capacities, the trailer with the highest carrying capacity is to be taken into account in computing the vehicle premium. (iv) Vehicles used for driving tuitions. – Refer to GR 44. (v) Cover Note, Certificate of Insurance and Policy are to be issued only in the Standard forms given in Section 6 of the India Motor Tariff. (Refer to GR.22, GR.23 and GR.3) 2. RATING FACTORS: Rating of vehicles under the CVT (except four wheeled vehicles with carrying capacity not exceeding 6 passengers, Two wheelers, Trailers and Motor Trade vehicles) is based on the following factors: a) IDV (Refer to GR –8) b) Zones - For the purpose of rating under this tariff the whole of India has been divided into the following zones depending upon the location of the office of registration of the vehicle concerned: (i) Commercial Vehicles rateable under Section 4.C.1 and C.4. Zone A: Ahmedabad, Bangalore, Chennai, Hyderabad , Kolkata, Mumbai, New Delhi and Pune. Zone B: Rest of India 39  (ii) All Other Commercial Vehicles Zone A Chennai, Kolkata, Mumbai, New Delhi. Zone B All other State Capitals Zone C Rest of India c) Age of Vehicle d) Gross Vehicle Weight (GVW) / Licensed Carrying Capacity (LCC) as applicable. NB: FOR APPLICABLE DISCOUNTS/LOADINGS, IF ANY, REFERENCE IS ALSO TO BE MADE TO THE RELEVANT GENERAL REGULATIONS UNDER SECTION - I AS WELL AS THE PROVISIONS CONTAINED UNDER THE VARIOUS SECTIONS OF THE TARIFF FOR COMMERCIAL VEHICLES. 3. MINIMUM VALUES Minimum values for the purpose of computation of premium, in respect of commercial vehicles shall be as under irrespective of any lower value proposed for insurance. TYPE OF VEHICLES MINIMUM VALUE Three Wheeled Goods carrying Vehicles with GVW not exceeding 1200 kgs. Rs. 5000/- Other Goods Not exceeding 2000 Kgs. Rs. 5000/- Carrying Exceeding 2000 Kgs. but not exceeding 6000 Kgs Rs.20,000/- Vehicles with Exceeding 6000 Kgs. but not exceeding 12000 Kgs Rs.30,000/- GVW Exceeding 12000 Kgs. Rs.40,000/- Trailers Rs. 3,000/- per Trailer Four wheeled vehicles with carrying capacity not exceeding 6 Not exceeding 1500 cc. Rs.15,000/- passengers with corresponding Cubic Capacity of Engine: Exceeding 1500 cc. Rs.30,000/- 40  TYPE OF VEHICLES MINIMUM VALUE Three Wheelers Not exceeding 150cc Rs. 1,500/- with carrying Exceeding 150cc.but not capacity not exceeding 6 exceeding 250 cc. Rs.2,500/- passengers with corresponding Exceeding 250 cc. Rs. 4,000/- Cubic Capacity of Engine: Three wheelers with carrying capacity exceeding 6 passengers but not exceeding 17 passengers Rs.25,000/- Four wheeled passenger carrying vehicles with carrying capacity exceeding 6 passengers but not exceeding 17 passengers Rs.20,000/- Four (or more) wheeled and three wheeled passenger carrying vehicles with carrying capacity exceeding 17 passengers but not Rs.30,000/- exceeding 36 passengers Four (or more) wheeled passenger carrying vehicles with carrying capacity exceeding 36 passengers but not exceeding 60 Rs. 50000/- passengers Four (or more) wheeled passenger carrying vehicles with Rs. 60000/- carrying capacity exceeding 60 passengers Two wheeler passenger carrying vehicles with or without side car As per tariff applicable to motorized two wheelers Class – D Miscellaneous and Special Types of Vehicles other than pedestrian controlled agricultural tractors not exceeding 6 HP. Rs. 50000/- Pedestrian controlled agricultural tractors not exceeding 6 HP. Rs. 10000/- 4. VEHICLES DESIGNED AS COMMERCIAL VEHICLES AND USED FOR COMMERCIAL AND PRIVATE PURPOSES (EXCLUDING USE FOR HIRE OR REWARD). The appropriate rate under the CVT is to be charged with a loading of 25%. Policy Form for Commercial Vehicles with Endorsement IMT- 34 is to be used. 5. FOR CONCESSION FOR LAID-UP VEHICLES – REFER TO GR 31. 6. SPECIAL EXCLUSIONS In the case of policies requiring the use of Endorsement IMT- 21 or 22 and /or 35 no reduction in premium can be allowed in consideration of any of the exclusions or limitations referred to in the endorsements. NOTE : Endorsements IMT - 21 and 35 are not applicable in the case of Liability Only Policies. 41 7. PUBLIC PASSENGER SERVICE VEHICLES- CARRIAGE OF GOODS IN ADDITION TO PASSENGERS: Public Passenger Service Vehicles in which space is provided for the carriage of goods in place of some of the seats, the basic rate shall be that given under Class C for a normal bus of similar size without such goods carrying space. Provided, however, that the goods carrying space so created does not reduce the normal licensed seating capacity by more than 20%. If the limit of 20% is exceeded, the case is to be referred to the TAC for special rating. Only those vehicles which are used on regular bus routes and never used solely for the carriage of goods may be rated in accordance with the above provision. NOTE : The following warranty is to appear on all policies covering the above type of vehicles: "Warranted that goods may not be carried in the vehicle other than in conformity with the provisions of the Motor Vehicles Act and the Rules made there under as may be in force in the area in which the vehicle is plying." 8. MOTOR VEHICLES ACT - PASSENGER RISK Any Policy issued in respect of a vehicle which is used for the carriage of passengers for hire or reward and in respect of which legal liability to passengers is required to be covered in terms of the Motor Vehicles Act, is subject to additional premium for Liability to Passengers in accordance with the provisions of the Tariff, unless the Tariff rate for the vehicle has already incorporated such T.P. Premium component. 9. LEGAL LIABILITY FOR ACCIDENTS TO NON FARE PAYING PASSENGERS INCLUDING EMPLO