Raheja QBE Commercial Vehicle Package Policy

• Cover available for Loss/damage to the vehicle insured
• Cover for liability to third party
• Personal Accident Cover for Owner cum Driver
• No Claim Bonus is available
• Additional covers to extend protection
• Cashless claim settlement at network garages

Own Damage Cover

Loss or damage to the vehicle insured are covered against perils such as fire explosion, self ignition or lightning, burglary, housebreaking or theft, riot and strike, earthquake, flood, typhoon & hurricane, accidental external means, malicious act, terrorist activity, in transit by road, rail, inland-waterway, lift, elevator or air, landslide or rockslide.

Cover towards Third Party Liability

Insured is covered against third party liability arising out of the use of the vehicle in respect of death or bodily injury to occupants carried in a vehicle other than the insured’s vehicle. It also covers damage to property other than the property belonging to the insured. Third party property damage caused by an accident involving your vehicle is covered up to a limit of Rs 7.5 lakh.

Personal Accident Cover for Owner - Driver

In case of bodily injury/death caused to the owner cum driver of the vehicle, the compensation is payable depending on the nature of injury sustained.

No Claim Bonus

The insured is entitled to receive No Claim Bonus at the time of renewal as per the NCB percentage applicable. It is expressed as a percentage of discount on ‘Own Damage’ premium.

Following are the additional cover/add-ons that can be opted upon payment of additional premium.

• Personal Accident Cover: Personal accident cover is available to paid driver/conductor/cleaner and it also covers you or any named person (other than employees), as specified in the policy.
• Additional Legal Liability: Legal liability cover towards paid driver/conductor/cleaner and to non fare paying passengers are available.
• An add-on cover towards ‘Loss of accessories’ can also be attached under this policy.

Following are the conditions that are not covered under this policy:

• Policy excess
• Accidental loss/damage incurred outside the specified geographical region
• Claim arising out of any contractual liability
• Vehicle being used otherwise than in accordance with the Limitations specified
• Mechanical/Electrical breakdown
• Consequential loss
• Depreciation, wear and tear
• Intoxicated driving, etc.