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>: KNOW YOUR VEHICLE INSURANCE

>: What is the Third party insurance?

>: Who is authorise to drive?

>: Which vehicle is not covered by the insurance?

>: Generally what type of damage is covered by insurance company?

>: Calculation of depreciation:

>: DEPRECIATION FOR FIXING IDV (insured declared value) OF THE VEHICLE

>: What is NO CLAIM BONUS?

>: Calculation of depreciation:

KNOW YOUR VEHICLE INSURANCE

The terms and condition and span of insurance cover are different in basis of insurance company and types of insurance. You must read the insurance document supplied by insurer. Different insurance company offers insurance of different type of covers. It varies as per your plan and insurers offers. Like Road side Assistance, Zero depreciation, Consumables cover, Daily garage allowance, zero balance insurance etc. please read the companies offered plan and their TC. Still we can summaries the topic to know the vehicle insurance in common.

  1. What is the Third party insurance?

  2. It is commonly known as saving from police and legal procedure. It is a insurance for third party that is the other person who is hurted by your vehicle in accident. The insurer is liable to indemnify:
    1. Death of or bodily injury to any person including occupants carried in the vehicle
    2. Damage to property other than property belonging to the insured.
    3. The company will pay all costs and expenses incurred with its written consent.
    4. The company will indemnify the valid driver who is driving the vehicle insured.
    5. The insurer is only liable when vehicle is driven by Persons or classes of persons entitled to drive.

  3. Who is authorise to drive?
    1. Any person holding the valid and effective driving license
    2. The person holding effective and valid learning driving license.
    3. Any other person also authorised to drive if he satisfy the requirements of Rule 3 of Central Motor Vehicle Rule 1989

  4. Which vehicle is not covered by the insurance?
    1. Hired vehicles
    2. Carriage of goods (other than samples or personal luggage )
    3. Organized racing vehicles
    4. Pace making
    5. Speed testing and Reliability trails
    6. Use in connection with motor trade

  5. Generally what type of damage is covered by insurance company?
  6. Now a days very flexible plans are offered by various insurance company. It is dependent on their plans and offers. Yet generally all insurance plans cover the loss and damage to the vehicle insured.
    1. By fire explosion self- ignition of lightning
    2. By burglary, house breaking and theft
    3. By riot and strike
    4. By Earth quake
    5. By flood typhoon, hurricane, storm, cyclone, hailstorm, frost etc
    6. By accidental external means
    7. By malicious act
    8. By terrorist activity
    9. Whilst transit by road, rail, waterway, lift elevators or by air.
    10. By land slides

  7. Calculation of depreciation:
    1. For all rubber/ nylon/plastic parts/ tyres and tubes, batteries and air bags: 50%
    2. For fiber glass components: 30%
    3. For glass materials: Nil
    4. And for other parts are below
    AGE OF VEHICLES% of DEPRECIATION
    Exceeding 6 month but not exceeding 1 yearNil
    Exceeding 1 year but not exceeding 2 year5%
    Exceeding 2 year but not exceeding 3 year 10%
    Exceeding 3 year but not exceeding 4 year 15%
    Exceeding 4 year but not exceeding 5 year 25%
    Exceeding 5 year but not exceeding 10 year35%
    Exceeding 10 year50%

  8. DEPRECIATION FOR FIXING IDV (insured declared value) OF THE VEHICLE

  9. AGE OF VEHICLES% of DEPRECIATION
    Not exceeding 6 months 5%
    Exceeding 6 month but not exceeding 1 year15%
    Exceeding 1 year but not exceeding 2 year20%
    Exceeding 2 year but not exceeding 3 year30%
    Exceeding 3 year but not exceeding 4 year40%
    Exceeding 4 year but not exceeding 5 year50%

  10. What is NO CLAIM BONUS?
  11. No claim bonus is amount which is paid by insurer at the time of renewal of insurance policy. The insured is authorised to claim a deduction on his insurance premium if has not claimed for any loss or damage in preceding years. NCB will only be allowed provide the policy is renewed with in 90 days of the expiry date of the previous policy. No claim bonus is paid as the following rates:


    PERIOD OF INSURANCE% OF NCB ON OD PREMIUM
    Preceeding year20
    Preceding two years25
    Preceding Three years35
    Preceding Four years45
    Preceding Five years50
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Name : Admin//\\Date : 2016-12-16
SUB : How to submit a new Blogs

Hello blogger, If you want to share your new blogs, then go to blogs menu or click www.gydtech.in/HBlogs.php and submit your blog, after administrator verification your blog will display with your name in blog space as well as a default page by your name and your content subject... thank you....

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SUB : test1

this is testing massage .

Name : //\\Date : 0000-00-00
SUB : THE ART OF DRIVING

Driving is an involved, active activity. It is not something you can do while doing something else. The way that can be used to save lives or take them. It is widely known that india has the worst road- safety record in the world. In 2015 1.46 lakh people lost their lives in road accidents. That translates in to 400 people a day and one fatality every 3.6 minutes. 77% of all accidents occur because of the fault of the driver. How then, do we bring these numbers down?

The government regulation and road quality may take an life time to change statistics. Only we are to decide to not contribute to these fatalities. In addition to traffic rule here are a few tips that should help you drive a little more safely.

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SUB : DEFENSIVE DRIVING

Defensive driving is defined as driving to save lives, time and money irrespective of the conditions around you and the actions of others. It may sound a little dramatic, but the concepts are simple.

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SUB : soul and body

physical exercise enhance your health and mental exercise improve soul. dont waste your time on only clicking on your facebook/whats app friends pics Know the things arround you. try to find out the technologies are being used in the things what are you using. Deepak

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SUB : THEAM

WAO THIS IS GOOD CONCEPT OF ARRANGING SOLUTION ON A SINGLE PLATFORM.....

Name : Admin//\\Date : 0000-00-00
SUB : How to submit a new Blogs

Hello blogger, If you want to share your new blogs, then go to blogs menu or click www.gydtech.in/HBlogs.php and submit your blog, after administrator verification your blog will display with your name in blog space as well as a default page by your name and your content subject... thank you....


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Date : 2017-01-10

please search on google gydtech.in see the result and prepare accordingly

Date : 2017-01-07

The knowledge of traffic rules and signs is crussial for driving. The cosideration of rule brakers and passer by may keeps you cool and safe. The Awareness of the way of destination and early start keeps the unhappening away and land safe to your place and more.....

Date : 2017-01-06

goodmoring

Date : 2017-01-02

Good evening Self repair guide is helpful for maintenance of car.

Date : 2017-01-01

HAPPY NEW YEAR

Date : 2016-12-31

How to do periodical servicing of my bike?

Date : 2016-12-29

Date : 2016-12-22

one person should register more than one services and location please modify it so that a person of same mobile no. or Email ID can register for more than one services and location

Date : 2016-12-21

The site is not opening correctly in mobile

Date : 2016-12-21

Hi

Date : 2016-12-18

hellow i am searching a guide for maintenance of my car

Date : 2016-12-18

hellow i am searching a guide for maintenance of my car

Date : 2016-12-18

do not worry coming soon

Date : 2016-12-18

how to blog

Date : 2016-12-17

I WANT TO JOIN HOW CAN I

Date : 2016-12-17

i am arun kumar i have registered with you.

Date : 2016-12-17

i am arun kumar. i have joined your polatform.

Date : 2016-12-17

I cannot sign in after creating account

Date : 2016-12-17

I cannot understand that my registration is done or not

Date : 2016-12-16

Hello blogger, If you want to share your new blogs, then go to blogs menu or click www.gydtech.in/HBlogs.php and submit your blog, after administrator verification your blog will display with your name in blog space as well as a default page by your name and your content subject... thank you....

Date : 2016-12-16

Hello blogger, If you want to share your new blogs, then go to blogs menu or click www.gydtech.in/HBlogs.php and submit your blog, after administrator verification your blog will display with your name in blog space as well as a default page by your name and your content subject... thank you..

Date : 2016-12-16

hello i am Satyendra Iwant to rasister

Date : 2016-12-16

Hell0 sir I want to submit my blogs

Date : 2016-12-16

hello sir provide your email account for posting my blog.

Date : 2016-12-14

Any information regarding new blog

Date : 2016-12-14

Any information regarding new blog

Date : 2016-12-13

Good morning

Date : 2016-12-13

Date : 2016-12-12

Date : 2016-12-12

some more data required

Date : 2016-12-12

More information needed.

Date : 2016-12-12

Date : 2016-12-12

Hi

Date : 2016-12-11

hi

Date : 2016-12-11

hi

Date : 2016-12-11

Hellow

Date : 2016-12-11

very fine with good idea. It may brings a lot for you and people of India

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