Taxi/Passenger vehicle Insurance
- Passenger Carrying Vehicle Insurance: This is a kind of commercial vehicle insurance that is meant to cover passenger-carrying vehicles hired or rewarded out–taxi, auto-rickshaws, buses, vans, school buses and tourist vehicles.
- It insures the vehicle owner, the driver, and the passengers against losses in terms of finance in case of accidents, theft, fire, and third-party liabilities
- Third-Party Liability Insurance
- Necessary by the Motor Vehicles Act, 1988
- Covers losses or injuries to a third party (individual, vehicle or property)
- Excludes the loss to your vehicle.
- Guarantees against loss stemming out of:
- Accidents or collisions
- Fire or explosion
- Theft
- Such natural disasters (floods, earthquakes, etc.)
- Artificial activities (riots, vandalism, etc.)
Key Benefits - Monetary cover on repair or replacement expenses.
- Passenger or driver injury, death insurance.
- Third-party legal liability coverage.
- Calmness of the commercial transport operators.
- Passenger Carrying Vehicles that are covered.
- School buses Buses of either private or public transport.
- Tourist vehicles Taxis and cabs (Ola, Uber, etc.) E-rickshaws and auto-rickshaws.
- Vans that are used to transport passengers.
Coverages of Passenger carrying vehicle Insurance
Own Damage Cover
Covers the insured taxi in the event of loss or damage as the result of: Accidents or collisions Fire, explosion or self-ignition. Theft or burglary Natural disasters (floods, earthquakes, storm, etc.) Artificial catastrophes (riots, strike, vandalism, terrorism).
Personal Accident cover (Driver)
Comprehensive cover of death or disability of the owner-driver in case of an accident during the taxi driving.
Third-Party Liability Cover
Under the Motor Vehicles Act, it is mandatory. It covers: Physiological harm or demise of a third party through insured taxi. The destruction of the property of a third party (such as the destruction of another car or house).
Paid driver Legal liability
Covers against legal claims due to injury or death of hired driver whilst on duty.
Passenger Cover
Collects medical bills or death benefits of passengers on the insured taxi at the time of occurrence of accidents.
add on all coverage
Engine and Electrical Parts Protection.,Personal Belongings Cover,Roadside Assistance