The following two policy forms continue to be used: i. Liability only and ii. Package policy,
The Authority has prescribed proposal forms for third partyLiability Only Policy for private car, two wheelers and commercial vehicles.
Own damage policy covers the insureds legal liability for accidents occurring out of the use of the vehicle, in a public place, anywhere in India.
Liability covers under package policies: There are variations between the ?Liability only policies and ?Liability cover provided under the Package policies.
Coverage for private cars: There are minor variations in the coverage for Own Damage for Private cars and Two-wheelers under the Package Policy.