• Banner_Retirement
  • Banner_Help
  • slider
  • Banner_Plant
   
 
» Home » Information » FAQs Details
 
 

Non Life Insurance

 Refer this page to a friend   Print preview

Does a third party claim affect the bonus/ malus rate under the comprehensive motor insurance policy?

The Bonus/Malus concept is applicable only to the Own Damage Section of the Comprehensive Policy.

The discount or loading is accordingly allowed or charged on the Own Damage portion of the premium. The Act Liability or Third Party premium is absolute. There is no scope for adjustment. As such, an accident giving rise to a Third Party claim, whatever the amount, does not affect the application of Bonus/Malus at the time of renewal of the policy.

Back Top
   
   
Username
Password
 
Sign Up!
Forgot Password
   
 
Product Information
Life Insurance
Small Savings
Mutual Funds
Bonds
Non Life Insurance
Loans
-------------------------------------------
Online Services
Online Payment
Calculators
Policy Details
eGreeting
Online Counselling
-------------------------------------------
-------------------------------------------
 
Disclaimer | Privacy Policy | Contact Us | Feedback | Search the site | Site Map
All rights Reserved 2012 © www.prabhakarnakashe.com