Insurance


 

 

INSURANCE TERMS & CONDITIONS

 

PACKAGE INSURANCE for ELEKTRON CYCLE m368+

Insurance Providers- United India Insurance Company Limited

The policy protects against 'Accidental damage/loss to the e-cycle'', and 'Personal accident'

 COVERAGE- LOSS/DAMAGE CAUSED TO ECYCLE BY:

1.       By fire explosion self-ignition or lightning;

2.       By riot and strike;

3.       By burglary housebreaking or theft;

4.       By earthquake (fire and shock damage);

5.       By flood typhoon hurricane storm tempest inundation cyclone hailstorm frost;

6.       By accidental external means;

7.       By malicious act;

8.       By terrorist activity; whilst in transit by road rail inland- waterway lift elevator or air;

9.       By landslide rockslide.

*

Provided that the insurer’s liability (for loss or damage to 1 vehicle in a policy year) will not exceed the sum insured set in the schedule

PERSONAL ACCIDENT COVER- SUMMARY OF BENEFITS

CAPITAL SUM INSURED – RS 1 LAKH

LOSS COVERED

COVERS UPTO

PEOPLE COVERED

WHERE

Death, Loss of Two Limbs or sight of both eyes and one limb and sight of one eye.

100% of CSI

Rider of the Vehicle – Named Basis

INDIA

Loss of one Limb or sight of one eye.

50% of CSI

Rider of the Vehicle – Named Basis

INDIA

Permanent Total Disablement from injuries other than named above.

100% of CSI

Rider of the Vehicle – Named Basis

INDIA

**

  • Excess: 0.5% of the claim amount subject to a minimum of Rs.2500/- for each and every claim
  • Insured’s Declared Value / Insured Value: 95% Invoice Value

 

CLAIM PROCEDURES – HELPLINES

In case an unfortunate loss covered in the policy occurs

Intimate Insurance Company at “Claims Hub Chennai: Non-Motor Hub, Silingi Building, # 134, Greams Road,

Chennai - 600006. Tel: 044 28291534 / 28291535. eMail: nmrochn@uiic.co.in"

In case of death/ theft of vehicle

Make sure to inform the nearest Police Station about the accident and also mention full details of injuries/deaths or damage to any as the case may be in the report to the Police.

 

Other Services

Contact the nearest Office of ' United India Insurance Company Limited’ or contact Perilwise at 044-24765674 or

+91-6381257354

 

NECESSARY DOCUMENTS WHILE INTIMATING A CLAIM

A.      Policy Number

B.      FIR must for Theft, Burglary etc.

C.      Repair estimate

 

BASIC CLAIM DOCUMENTS

1.       Duly filled and signed the claim form

2.       Purchase Invoice

3.       Policy Copy

4.       Repair estimate

5.       Copy of FIR lodged at the nearest police station for Burglary/Theft

6.       No trace report confirming that the stolen vehicle is not traceable for Burglary/Theft

7.       Subrogation cum Indemnity on judicial stamp paper for Burglary/Theft

8.       NOC from financer, if applicable

 


 

LIMITATIONS AS TO USE / EXCLUSION

  1. Consequential loss, depreciation, wear and tear, mechanical or electrical breakdown failures or breakages; damage to Tyres and Tubes unless the vehicle insured is damaged at the same time in which case the liability of the company shall be subject to a deduction for depreciation.
  2. Loss of or damage to accessories by burglary housebreaking or theft unless the vehicle is stolen at the same time; and
  3. Any accidental loss or damage suffered whilst the insured or any person driving the vehicle with the knowledge and consent of the insured is under the influence of intoxicating liquor or drugs.
  4. The policy covers the use of the vehicle for any purpose other than Hire or reward, Carriage of goods other than personal luggage, organized racing, Pacemaking, Speed testing, Reliability Trials, Any purpose in connection with Motor Trade outside India.
  5. Third Party Liability is not covered (Public Liability arising because of the cycle or due to riding the cycle is not covered)