Motor & Fleet Insurance

Yes. We specialize in comprehensive fleet insurance for commercial trucks, prime movers, taxis, school buses, and staff transport vehicles. We assist operators in negotiating fleet discounts, coordinating driver legal liability, and establishing fast-track claim reporting with authorized surveyors.

No Claim Bonus belongs to the policyholder, not the vehicle. When you sell your old car, obtain an NCB Retention Certificate from your existing insurer by submitting the buyer's transfer form (Form 29/30). You can then apply your accumulated NCB (up to 50%) to reduce the Own Damage premium on your newly purchased vehicle.

IDV is the statutory market value of your vehicle calculated based on the manufacturer's listed price minus age-based depreciation. Artificially lowering IDV saves a few hundred rupees on premium, but in the event of theft or total constructive loss, the insurer only pays the declared IDV. We ensure your IDV is set accurately in compliance with tariff schedules.

Third-Party insurance is mandatory by law under the Motor Vehicles Act; it covers legal liability for bodily injury, death, and property damage caused to third parties. Comprehensive insurance covers both third-party liabilities AND Own Damage (OD) to your vehicle caused by road accidents, fire, theft, floods, and vandalism.

After an accident, inform your insurer or Bima Headquarter immediately before moving the vehicle if possible. The car is towed to an authorized cashless network workshop. A licensed surveyor assesses the damages, approves the estimate, and the workshop repairs the car. The insurer pays the workshop directly, minus the compulsory deductible and non-metallic depreciation (if you don't have zero-dep cover).