You have a lot riding on your commercial vehicle - it is your physical link with your market or it's an important part of your fleet. Even as it plies every day serving your business, it is exposed to many risks. Insure it reliably with Bharti AXA.
The SmartDrive policy for Commercial Vehicle attends to your various requirements because you have the options of including Personal accident cover to named persons as well as legal liabilities to employees and passengers.
A smart first step
Simple, yet comprehensive; this defines Bharti AXA's SmartDrive Commercial Vehicle Insurance Policy, which provides protection against liabilities arising out of an unfortunate eventuality.
This policy provides the following covers
1. Accidental damage to the vehicle due to:
- Fire, lightning, self-ignition, external explosion, burglary, housebreaking or theft, malicious act.
- Riot and strike; terrorism; earthquake; flood, cyclone and inundation
- Whilst in transit by rail, road, air, elevator, lift.
2. Liability cover for:
- Third party injury or death
- Third party property damage caused to their property
By paying an additional premium, you can opt for extra covers in case of:
- Loss or damage to electrical accessories
- Loss or damage to Non-electrical accessories
- Personal Accident cover for insured or any named person or unnamed passengers
- Legal liability to persons employees (paid drivers/cleaners)
- Legal Liability to employees of the insured (other than paid drivers/cleaners)
- Legal liability to fare and non fare paying passengers
What is payable in the event of a claim under a policy?
In the event of a claim under any of the sections, the following becomes payable:
1. Accidental Damage Section
- Actual amount spent for repairs / replacement as assessed subject to depreciation and Sum Insured as per assessment.
- Garaging and towing charges up to a maximum of Rs.2500/-
- In case of total loss, market value at the time of loss or Sum Insured whichever is less
2. Liability Section:
- Legal liability for paid-driver, if opted
- Death or bodily injury to third parties - as per Motor Vehicles Act
- Death or bodily injury to any person carried in the car provided they are not Insured's employees and not carried for hire or reward - As per Motor Vehicles Act
- Third party property damage - up to Rs.750,000/-
- Non fare paying passengers connected with the journey/goods carried - As per M V Act.
What does the Policy not cover?
The Policy does not cover any claim due to:
- Wear and tear, breakdowns.
- Consequential loss
- Loss when driving with invalid driving license or under the influence of alcohol.
- Loss due to war, civil war, etc.
- Claims arising out of contractual liability.
- Use of vehicle otherwise than in accordance with 'limitations as to use' (e.g. private car being used as a taxi)
- War perils, nuclear perils
- Mechanical and electrical breakdown; failure or breakage.
This is not an exhaustive list. For a detailed list of exclusions, please read our policy terms and conditions.
Getting started, smartly!
Here's what you should do to get your SmartDrive - Commercial Vehicle Insurance Policy:
- Read the prospectus carefully
- Fill in the proposal form in all respects and kindly do not leave any blanks
- For any clarification, feel free to call the nearest branch office or our customer care number
- Please pay the premium preferably by way of a/c payee cheque or DD
For further sales related query, please contact us on sales@bharti-axagi.co.in mentioning your insurance requirement and city of residence.
NOTE: This literature only spells out the salient features of the cover. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale or visit your nearest Bharti AXA General Insurance Co. ltd office.
Download Proposal form
Download Policy Wordings