Auto Secure Commercial Vehicle Plan By Tata AIG Motor Insurance

Commercial vehicle is one of the most prized possessions for its owner as it is not just a belonging but sometimes the only source of income for the owner and the driver. Any damage to your commercial vehicle can cause huge financial loss. To protect your commercial vehicles from uncertainties of life, you must opt for an insurance plan. Auto Secure Commercial Vehicle Plan from Tata AIG Motor Insurance is a lucrative option for the car owners because of its reliability and optimal benefit.

Key Features of Auto Secure Commercial Vehicle PolicyThis Tata AIG Motor Insurance plan has specifically been designed to absorb the impact of any damage or loss to your vehicle. It also includes liabilities towards the driver and contents (if any) carried by the vehicle as well as liability towards the Third Party. The plan is applicable for both heavy and light commercial vehicle. It requires minimal documentation for processing and it is easy to understand from owner’s point of view. If your vehicle is immobilized due to any accident or technical problem, the Tata AIG technician visits the site to assist you and to collect more information on the damage. This Tata AIG Motor Insurance plan comes with Comprehensive Coverage for Partial Loss and Total Loss caused by accident, fire, theft, riot and damage in transit by air, road, rail and sea. It offers coverage for any Third Party Legal Liability for bodily injury and property damage.

Plan CoverageThe Tata AIG Auto Secure Commercial Vehicle Insurance covers all possible misfortune that can strike the vehicle. Apart from coverage for any loss or damage to the vehicle, it includes additional Third Party Liability, Personal Accident Cover to owner/driver along with Personal Accident Cover to paid driver, conductor and helper. You can also avail extra coverage for loss or damage of the car accessories with an additional premium at 3% of the IDV of such items.

Mandatory Third Party Liability Cover As Per Motor Vehicle ActThis Tata AIG Motor Insurance policy offers coverage for death or bodily injury to any Third Party caused by the vehicle during usage, loading and/or unloading. Upper limit for the property damage other than insured person is maximum Rs 7.5 Lakhs.

Mandatory Personal Accident Cover to Owner/DriverThe Tata AIG Commercial Vehicle Insurance plan gives a maximum coverage of Rs 2.0 Lakhs for whole insurance term to the owner/driver of the vehicle in case of death or bodily injury. Even if death or loss of sight or limbs occurs within the 6 months of the date of accident, you are eligible for compensation. 100% compensation will be paid for death, loss of two/one limb, loss of one/two eyes and total disablement from injury. If one limb or one eye has been lost in the accident, then 50% compensation will be paid by the insurance company.

Personal Accident Cover to Paid Driver, Conductor and HelperHere the compensation scale is same as the Personal Accident Cover to Owner/Driver. In case of death, loss of one/two eyes, loss of one/two limbs and permanent disability; you can avail 100% compensation. For loss of one eye/limb, you are eligible for 50% compensation.

Additional Coverage

1. 1. If you install any anti-theft devices approved by Automobile Research Association of India, Pune in your vehicle then you are eligible for a discount of 2.5% on the OD component of plan premium with maximum limit of Rs 500.
2. 2. Any electrical items not included in the selling price of the vehicle can be separately included under the Tata AIG Commercial Vehicle Insurance plan under Section-I of the policy.
3. 3. If the vehicle runs on a bi-fuel system like Petrol/Diesel and CNG/LPG then you can insure the fuel system by paying additional 4% premium on the value of such kit.

Hi I am Neeta Singh an online blogger, article writer, editor and publisher. Interested in insurance, finance and business oriented and education related topics.