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Prem Calculator

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The document discusses insurance premium calculations for various vehicle types like goods carrying vehicles, taxis, two-wheelers and private cars.

The document discusses insurance calculations for goods carrying vehicles, taxis, two-wheelers, private cars and rickshaws.

Factors like vehicle type, cubic capacity, age of vehicle, no claim bonus, zone and gross vehicle weight are considered for calculating insurance premiums.

BUSESS

BUSESS

NCB SUM ASSURED < 18 PASSENGER


NCB RATE
CALCULATION
Percentage :- 50 620063 (%)

Zone :- A Own Damage :- Basic OD : 1.68 10417


Age of vehicle :- (+) Basic OD amount : 350 350
10767
(-) De-Tariff Discount :- 20 2153
o. of Passengers:- 32 Total OD (After De-Tariff Disc):- 8614
PA COVER :- 1 (-) No Claim Bonus : 50 4307
LL TO EMP :- 1 (+) Total Own Damage : 4307
Liability :- Basic T.P : 3160
Discount allowed : Yes (+) Comp P.A. Cover : 1 100
Enter Discount % : 20 (+) LL to Employee : 1 50
Yes (+) LL to passengers : 32 7520
Net Premium : 15137
Service Tax : 10.3 1559
FINAL Premium :- 16696

Page 1
BUSESS

19 TO 36 37 TO 60
> 60 PASSENGER
PASSENGER PASSENGER
RATE RATE RATE
CALCULATION CALCULATION CALCULATION
(%) (%) (%)

1.68 10417 1.68 10417 1.68 10417


450 450 550 550 680 680
10867 10967 11097
20 2173 20 2193 20 2219
8694 8774 8878
50 4347 50 4387 50 4439
4347 4387 4439
3160 3160 3160
1 100 1 100 1 100
1 50 1 50 1 50
32 7520 32 7520 32 7520
15177 15217 15269
10.3 1563 10.3 1567 10.3 1573
16740 16784 16842

206906.5
620719.5

Page 2
MISC-D

MISC-D VEHICLE

NCB IDV
RATE % AMOUNT
25 800000
NO Own Damage :- Basic OD : 1.202 9616
< 5 Years (+) Overturning : 0 0
IMT 15.00% 1442
11058
B (-) De-Tariff Discount :- 15 1659
Total OD (After De-Tariff Disc):- 9400
YES (-) No Claim Bonus : 25 2350
15 TOTAL OD DAMAGE : 7050
Public Liability :- Basic T.P : 800
(+) LL to Employee : 1 25
(+) Comp P.A. Cover : 1 100
Net Premium : 7975
Service Tax : 10.3 821
FINAL PREMIUM :- 8796

Page 3
TAXI

< 1000CC
NCB SUM INSURED
RATE
25 259200 (%)
CALCULATION

B Own Damage :- Basic OD : 3.191 9098


< 5 Yrs (+) Electronic Accessories : 4 0
(+) Own Damaga CNG KIT : 4 0
(-) De-Tariff Discount :- 20 1820
Total OD (After De-Tariff Disc):- 7278
0 (-) No Claim Bonus : 25 1820
0 (+) Total Own Damage : 5459
0 Public Liability :- Basic T.P : 2330
0 (+) Compulsory PA : 1 1400
(+) LL to Employee : 1 25
(+) Public Liability of CNG/LPG Kit : 0 0
Yes (+) Passengers (Licd Carr.,) : 0 100
20 (+) Additional Loading : 0 0
Net Premium : 9314
(+) Service Tax : 10.3 959
FINAL PREMIUM :- 10273

Page 4
2 WHEELER

TWO WHEELER

NCB SUM INSURED 150-350CC


RATE
0 40000 (%)
CALCULATION

A Own Damage :- Basic OD : 1.708 683


< 5 Yrs (+) Electronic Accessories : 4 0
(+) Own Damaga CNG KIT : 4 0
(-) Voluntary Deductible : 0 0
(-) De-Tariff Discount :- 0 0
1 Total OD (After De-Tariff Disc):- 683
0 (-) No Claim Bonus : 0 0
0 (+) Total Own Damage : 683
Public Liability :- Basic T.P : 300
0 (+) Compulsory PA : 1 50
(+) LL to Employee : 0 0
(+) Public Liability of CNG/LPG Kit : 0 0
Yes (+) Additional P.A : 0 0
0 (+) Additional Loading : 0 0
Net Premium : 1033
Service Tax : 10.3 106
FINAL PREMIUM :- 1140

Page 5
GCV

GOODS CARRING VEHICLE


prakash rakshe
NCB IDV PASSENGER CARRIER
NCB :- 35 1200000 RATE CALCULATION
Actual Weight :- 40000 Own Damage :- Basic OD : 1.726 20712
Add Passenger :- 0 (+) Surcharge for G.V.W : 0 7560
28272
IMT-23 0.00% 0
28272
Age of Vehicle :- > 5 Years (-) De-Tariff Discount :- 25 7068
Zone :- B Total OD (After De-Tariff Disc):- 21204
(-) No Claim Bonus : 35 7421
Discount allowed : Yes TOTAL OD DAMAGE : 13783
Enter Discount % : 25 Liability :- Basic T.P : 6260
(+) No. of Passengers : 0 0
(+) Comp P.A. Cover : 1 100
(+) LL to Employee : 1 25
Net Premium : 20168
Service Tax : 10.3 2077
FINAL PREMIUM :- 22245

Page 6
GCV

1215000

744864

Page 7
NEW T.P. RATES A ZONE
VEHCLE DETAIL CC/WEGHT T.P RATE 1 TO 5 5 TO 10
PUBLIC PRIVATE PASSENG 1.708 1.793
BIKES 350CC 300 50 1.793 1.883
350+ 620 1.879 1.973

PRIVATE CARS 0 TO 1000 670 50 3.127 3.283


1000 TO 1500 800 3.283 3.447
1500+ 2500 3.44 3.612
0 TO 5 5 TO 7
PUBLIC CARRIER 0 TO 1000 1650 350* 3.284 3.366
CARS 1000 TO 1500 2330 3.448 3.534
1500+ 2840 3.612 3.703

PUBLIC CARRIER 150CC 510 315 1.278 1.31


THREE WHEELERS LOADING
0 TO 18 3160 350 235 1.68 1.722
PUBLIC CARRIER BUSSES 19 TO 36 3160 450 235
37 TO 60 3160 550 235
60 & ABOVE 3160 680 235
7500 KG 5580 5000 50 1.751 1.795
GOODS CARRIER VEHICLE 12000 KG 5920 5300 50
FOUR WHEELERS 20000 KG 6090 5440 50 1.226 1.257
40000 KG 6260 5610 50
40000+ 6770 6050 50

GOODS CARRIER VEHICLE


THREE WHEELERS 1530 1450 315 1.664 1.706

Calculater :- IDV X OD premuim % + TTP + PA + owner & Driver premuim + ST = Premuim

EXMP:- 500,000 X 3.343 %


OD Premuim
TTP :-
PA :-
Owner & Driver
LL :-
S.T %
FINAL PREMUIM
A ZONE B ZONE
10+ 1 TO 5 5 TO 10 10 +
1.836 1.676 1.76 1.802
1.928 1.76 1.848 1.936
2.02 1.844 1.936 1.982

3.62 3.039 3.191 3.267


3.529 3.191 3.351 3.43
3.698 3.343 3.51 3.594
7 TO 10 0 TO 5 5 TO 7 7 TO 10
3.448 3.191 3.271 3.351
3.62 3.351 3.435 3.519
3.793 3.51 3.598 3.686

1.342 1.272 1.304 1.336

1.764 1.672 1.714 1.756

1.839 1.743 1.787 1.83

1.287 1.22 1.251 1.281

1.747 1.656 1.697 1.739


RATES OF PREMIUM FOR OWN DAMAGE COVER

PRIVATE CAR RICKSHAW


Age of Zone B Zone A Age of Zone C
the Cubic Capacity Cubic Capacity The Veh.
Vehicle Upto 1000- 1500- Upto 1000- 1500- 1-5 Yrs. 1.260%
1000cc 1500cc & Above 1000cc 1500cc & Above 5-7 Yrs. 1.292%

1-5 Yrs. 3.039% 3.191% 3.343% 3.127% 3.283% 3.440% 7 Yrs& Abo 1.323%
5-10 Yrs. 3.191% 3.351% 3.510% 3.283% 3.447% 3.612% TP 510
10Yrs& Ab 3.267% 3.430% 3.594% 3.612% 3.529% 3.698% Plus 315 X Total No. of Passngers.
TP 670 800 2500 670 800 2500 MINI VALUE 15000
Min. Value. 30000 40000 60000 30000 40000 60000
Add.Prem. @ 4% of the Value of electrical / Non Electrical Fittings GOODS CARRYING - PUBL
Age of Zone C
The Veh.
TWO WHEELER 1-5 Yrs. 1.726%
Age of Zone B Zone A 5-7 Yrs. 1.770%
the Cubic Capacity Cubic Capacity 7 Yrs& Abo 1.812%
Vehicle Upto 150- 350- Upto 150- 350- & Add Overturning Rs. 27 per 1000 k
150cc 350cc & Above 150cc 350cc Above 12000 kgs.

1-5 Yrs. 1.676% 1.760% 1.844% 1.708% 1.793% 1.879%


5-10 Yrs. 1.760% 1.848% 1.936% 1.793% 1.883% 1.973%
10Yrs& Ab 1.802% 1.892% 1.982% 1.836% 1.928% 2.020% TP Prem. For Goods Carrying -
TP 300 300 620 300 300 620 Gross Vehicle
Min. Value. 8000 12000 15000 8000 12000 15000 Weight (GVW)
1 - 7,000 kg.
7,000 - 12,000 kgs.
TAXI / COMMERCIAL VEHICLE 12,000 - 20,000 kgs.
Age of Zone B Zone A 20,000 - 40,000 kgs.
the Cubic Capacity Cubic Capacity 40,000 & Above
Vehicle Upto 1000- 1500- Upto 1000- 1500-
1000cc 1500cc & Above 1000cc 1500cc & Above

1-5 Yrs. 3.191% 3.351% 3.510% 3.284% 3.448% 3.612% GOODS CARRYING - PRIVA
5-10 Yrs. 3.271% 3.435% 3.598% 3.366% 3.534% 3.703% Age of Zone C
10Yrs& Ab 3.351% 3.519% 3.686% 3.448% 3.620% 3.793% The Veh.
TP 1650 2330 2840 1650 2330 2840 1-5 Yrs. 1.208%
Min. Value. 75000 75000 75000 75000 75000 75000 5-7 Yrs. 1.239%
Plus 350 X Total No. of Passengers. 7 Yrs& Abo 1.268%
Add. Premium @ 4 % On the Value of CNG / LPG kits. Add Overturning Rs. 27 per 1000 k
Add. Premium of Rs. 60 towards Laib. Only On CNG/LPG Kits. 12000 kgs.

ARRIVING @ IDV TP Prem. For Goods Carrying -


NCB % DEPRICIATION Gross Vehicle
Gross Vehicle
1 20% Age of The Veh. % of Dep. To Fix Weight (GVW)
2 25% IDV. 1 - 7,000 kg.
3 35% 6 mon.- 1 yrs. 15% 7,500 - 12,000 kgs.
4 45% 6 yrs. - 2 yrs. 20% 12,000 - 20,000 kgs.
5 50% 2 yrs. - 3 yrs. 30% 20,000 - 40,000 kgs.
3 yrs. - 4 yrs. 40% 40,000 & Above
4 yrs - 5 yrs. 50%

KRISHNARAJ SINGH – 9004351530


RICKSHAW
Zone B Zone A

1.272% 1.278
1.304% 1.310

1.336% 1.342
510 510
X Total No. of Passngers.
MINI VALUE 15000

ODS CARRYING - PUBLIC


Zone B Zone A

1.743% 1.751%
1.787% 1.795%
1.830% 1.839%
rturning Rs. 27 per 1000 kgs. Abv.
12000 kgs.

m. For Goods Carrying - Public


TP Premium

5580
5920
6090
6260
6770

ODS CARRYING - PRIVATE


Zone B Zone A

1.220% 1.226%
1.251% 1.257%
1.281% 1.287%
rturning Rs. 27 per 1000 kgs. Abv.
12000 kgs.

m. For Goods Carrying - Private


TP Premium
TP Premium

5000
5300
5440
5610
6050
PVT CAR

Client Name:- STATE Election Commision


1,st floor new
Make & Model :- Honda City
MH-
PRIVET CAR VEHICLE

> 1500 CC
NCB SUM INSURED
20 652500 RATE (%) CALCULATION

B Own Damage :- Basic OD : 3.44 22446


> 5YR (+) Electronic Accessories : 4 0
(+) Own Damaga CNG KIT : 4 0
(-) Voluntary Deductible : 0 0
22446
(-) De-Tariff Discount :- 45 10101
1 Total OD (After De-Tariff Disc):- 12345
0 (-) No Claim Bonus : 20 2469
0 (+) Total Own Damage : 9876
Public Liability :- Basic T.P : 2500
0 (+) Compulsory PA : 1 100
(+) LL to Employee : 1 25
(+) Public Liability of CNG/LPG Kit : 0 0
Yes (+) Additional P.A : 0 100
45 (+) Additional Loading : 0 0
Net Premium : 12601
Service Tax : 10.3 1298
FINAL PREMIUM :- 13899

From :-

Page 1
PVT CAR

Mr.Rahul Jagtap
Cell No:- 9221135545

Page 2

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