MOTOR INSURANCE: PICL OFFERS

The risks associated with the motor vehicle are classified into two major categories –

• Act Only Liability Insurance and
• Comprehensive Insurance

Act Only Liability Insurance

The insurer indemnifies the insured under the following circumstances :

• (a) Death of or bodily injury to any third party or any passenger of public service vehicle
• (b) Damage to property appertaining to third party
• (c) All costs & expenses incurred with the written consent of the insurer

Comprehensive Insurance

The insurer indemnifies the insured against loss or damage to the motor vehicle and/or its accessories whilst thereon caused by

• (a) Fire, Explosion, Self-ignition or Lightning
• (b) Burglary, Housebreaking or Theft
• (c) Riot, Strike or Malicious Act
• (d) Earthquake (fire & shock)
• (e) Cyclone, Flood, Hurricane, Storm, Inundation, Hailstorm or Frost
• (f) Accidental External Means