Important Points for IC 72 - Motor Insurance Exam

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  • 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.

Motor Insurance Exam

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