Support/downloads or Scan Above QR Code For Detailed Policy Wording
Support/downloads or Scan Above QR Code For Detailed Policy Wording
Support/downloads or Scan Above QR Code For Detailed Policy Wording
3/2406032900
Date: 15/07/2022
To,
PRAMOD JAIN
NEW DELHI, DELHI
North Delhi - 110007
District: NORTH DELHI
DELHI, India
Contact Details 9992999260
Subject: Risk assumption for Kotak Long Term Two Wheeler Secure
We welcome you to Kotak Mahindra General Insurance Company Limited and thank you for choosing us as your preferred service
provider.
This is with reference to your above mentioned Policy issued under Kotak Long Term Two Wheeler Secure.
Enclosed please find the Policy Schedule outlining the details of your policy. Kindly note that the proposal is underwritten and policy is
issued based on the information submitted to us by you, as well as acceptance of the terms and conditions. Policy schedule must be read
in conjunction with the product brochure and policy wordings. Please visit https://www.kotakgeneral.com/customer-
support/downloads or scan above QR code for detailed policy wording.
We request you to carefully go through the same once again and in case of any disagreement, discrepancy or clarifications, please call us
on our toll free number 1800 266 4545 or write to us at care@kotak.com within 15 days from the date of this letter. Alternatively, you can
also write to us at 8th Floor, Kotak Infinity, Building No. 21 Infinity Park, Off Western Express Highway General AK Vaidya Marg, Malad
(E) Mumbai - 400 097, India.
Please note that the information provided by you will be verified at the time of claim and the captioned Policy shall be treated as void in
case of any untrue or incorrect statement, misrepresentation, non-description or non-disclosure in any form whatsoever made by you or by
your agent, on your behalf, at any stage.
In case where premium is not received by us due to cheque dishonour or any other reason, the insurance cover shall be void ab-initio.
As a valued customer, we would like to provide regular updates on your policy through email and SMS. We therefore request you to keep
us updated of any change in your contact details.
Thanking you,
Yours sincerely,
Authorised Signatory
Name: PRAMOD JAIN Policy Issuing Office: Ground Floor, Unit No. D2, Model Industrial Colony
Opp Aarey Road Mumbai Maharashtra 400063.
Address: NEW DELHI, DELHI North Delhi - 110007 District: NORTH
DELHI DELHI(07), India Period of Insurance:
Place of Supply: DELHI From: 18/07/2022 18:13 to: 17/07/2023 Midnight
Supply State Code: 07 Type of Vehicle: Two Wheeler
Phone: NA Policy issued on: 15/07/2022 Cover Note No: NA
Mobile: 9992999260 Hypothecated to: NA
Email: HLJFRVR@GMAIL.COM
GSTIN:
VEHICLE DETAILS
Registration Make Model Variant CC Manufacturing RTO Location Engine Chassis No. Seating
no. Year No. Capacity of
side car (if
any)
DL14SD6353 HERO CBZ XTREME Es Disc Brake 150 2014 SURAJMAL VIHAR 06930 01558 2
MOTOCORP II
Period Insured Declared Value IDV of Side Additional Non - Electrical Electrical & Electronic CNG / LPG Total Value of
(IDV) of the Vehicle Car Accessories Accessories fitted to Accessories fitted to the Kit the Vehicle
(in ₹) (in ₹) (in ₹) the Vehicle (in ₹) Vehicle (in ₹) (in ₹) (in ₹)
Section I Section II
Own Damage Liability
Basic Own Damage 102.85 Basic TP Including TPPD Premium 714.00
Total Own Damage Premium (A) 102.85 Total Liability Premium (B) 714.00
Taxable value of Services (A+B) 816.85
IGST @ 18% 147.03
Total Premium (in ₹ ) 964.00
Additional Excess
Geographical Area INDIA 0
₹
I/ We agree and undertake to immediately inform the Company in case of change on account of addition of CNG/PNG kit and obtain necessary endorsement in the
Policy.
DISCLAIMER
For complete details on terms and conditions governing the coverage and NCB please read the Policy Wordings. This document is to be read with the Policy
Wordings(which are also available on the Company website i.e. www.kotakgeneral.com). Please refer to the claim form for necessary documents to be submitted for
processing the claim.
PUC DECLARATION
This policy has been issued subject to valid Pollution Under Control (PUC) Certificate/Fitness Certificate disclosed to our representative / declared by You prior to
commencement of risk under this policy and further undertaking to renew and maintain a valid PUC throughout the duration of the Policy.
LIMITS OF LIABILITY
Under Section II - 1(i) of the policy -> Death of or bodily injury: Such amounts is necessary to meet their requirements of Motor Vehicle Act, 1988.
Under Section II 1(ii) of the policy > Damage to Third Party Property ₹ 1,00,000; PA Cover under Section III: for Owner Driver CSI ₹ 0 ;
Deductible under section I > ₹ 100
LIMITATIONS AS TO USE
Under Section II - 1(i) of the policy -> Death of or bodily injury: Such amounts is necessary to meet their requirements of Motor Vehicle Act, 1988.
Under Section II 1(ii) of the policy > Damage to Third Party Property ₹ 1,00,000; PA Cover under Section III: for Owner Driver CSI ₹ 0 ;
Deductible under section I > ₹ 100
DRIVER'S CLAUSES
Any person including the insured: Provided that a person driving hold and effective Driving License at the time of accident and is not disqualified from holding or obtaining
such a license. Provided also that the person holding an effective Learners’ License may also drive the Vehicle and that such a person satisfies the requirements of Rule
3 of the Central Motor Vehicles Rules1989.
No claim made or pending during the preceding full year of insurance 20%
No claim made or pending during the preceding 2 consecutive years of insurance 25%
No claim made or pending during the preceding 3 consecutive years of insurance 35%
No claim made or pending during the preceding 4 consecutive years of insurance 45%
No claim made or pending during the preceding 5 consecutive years of insurance 50%
*No Claim Bonus (NCB) is subject to no claim on the previous policy. Benefits under the policy will be forfeited if claim is/was made in previous policy. Please contact
our Customer Care team in case of wrong NCB % mentioned.
The Insured is not indemnified if the vehicle is used or driven otherwise than in accordance with this Schedule. Any payment made by the Company by reason of wider
terms appearing in the Policy in order to comply with the Motor Vehicle Act, 1988 is recoverable from the Insured. See the clause headed "AVOIDANCE OF CERTAIN
TERMS AND RIGHT OF RECOVERY". For legal interpretation, English version will hold good.
Collection No : 1202300422109
Amount : 964.00
Subject to I.M.T. Endt.Nos. & Memorandum 22 Printed/herein/attached hereto Under Hire Purchase Agreement with NA
TAX DETAILS
DECLARATION
I/We hereby certify that the policy to which the certificate relates as well as the certificate of insurance are issued in accordance with the provision of chapter X, XI of
M.V.Act 1988.
In Witness whereof this Policy has been signed for and behalf of Ground Floor, Unit No. D2, Model Industrial Colony Opp Aarey Road Mumbai Maharashtra 400063. at
Mumbai this 15 day of July of 2022
Stamp Duty of 0.50 is paid as provided under Article 47(B) of Indian Stamp Act, 1899 and included in Consolidated Stamp Duty Paid to the Government of Maharashtra
Treasury vide Order of Addl. Controller Of Stamps, Mumbai at General Stamp Office, Fort, Mumbai - 400001., vide this Order No. (LOA/CSD/373/2022/2021/Validity
Period Dt. 10/06/2022 To Dt. 31/12/2022 (O/w.No. 2486)/Date: 08/06/2022).
Authorised Signatory
This document is digitally signed, hence counter signature / stamp is not required.
Proposal No : 202207150083754
Vehicle Make/Model/
Registration No. Type of body Cubic Capacity Fuel Type
Variant
HERO MOTOCORP/CBZ
DL14SD6353 150 Petrol
XTREME/Es Disc Brake
Year of Manufacture Insured Declared Value (IDV) Engine Number Chassis Number
Special conditions :
Driver’s Clauses: Any person including insured: Provided that a person driving hold an effective Driving Licence at the time of accident and is not disqualified from holding
or obtaining such a licence. Provided also that the person holding an effective Learners’ Licence may also drive the Vehicle and that such a person satisfies the
requirement of Rule 3 of the Central Motor Vehicle Rules, 1989.
1) No person shall allow or offer to allow, either directly or indirectly as an inducement to any person to take out or renew or continue an insurance in respect of any kind
of risk relating to lives or property, in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the Policy, nor shall any
person taking out or renewing or continuing a Policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or
tables of the Insurer.
2) Any person making default in complying with the provisions of this section shall be punishable with fine, which may extend to ₹ 1,000,000/
VEHICLE DETAILS
19,125 0 0 0 0 19,125
3. Engine Protect *Whether you want to opt for Voluntary Deductible offered under the “Depreciation Cover”, which would be
applied over and above the Compulsory Deductible? No
4. Return to Invoice
5. Garage Cash
2. Do you wish to include Personal Accident Name CSI Opted (Rs) *Nominee Name Relationship
cover for the Named passenger? No
Please give details mentioned aside:
3. Do you wish to include Personal Accident cover for the Un-named Passengers / hirer / pillion No. of Persons
C. S. I. (Per Person)
passenger? No As Per Seating Capacity
Please give details mentioned aside:
# The maximum CSI available per person is ₹ 2,00,000, each in multiples of ₹ 10,000.
4. Do you wish to restrict Third Party Property Damage of ₹ 7.5 Lakh to the statutory TPPD liability limit of ₹ 6,000/ only? No
5. legal liability against Third Party Risks: A) Owner Driver Yes No Any person other than Paid Driver: No
B) Other Employees Yes No If Yes, no. of Person: C) Unnamed Passengers Yes No If Yes, no. of Person: 0
Compulsory Personal Accident (PA) Cover for ownerdriver (PA Cover for Owner –Driver is compulsory for individual vehicle owners)
I hereby declare that the Owner Driver does not require Compulsory Personal Accident Cover as
|__| Owner Driver has a separate existing Personal Accident cover against Death and Permanent Disability (Total and Partial) for Sum Insured of atleast 15
lacs.Tenure___ years |_____________| to |_____________|
|__| The Vehicle to be insured is not owned by an individual
|__| The Owner Driver does not have an effective driving license.
(Note: Where the owner driver owns more than one vehicle, compulsory PA cover can be granted for any one vehicle as opted by him/her). Personal Accident cover for
owner driver is compulsory for Sum Insured of 15 lacs for Two-wheeler, Private Car and Commercial Vehicles. Compulsory PA Cover for Owner Drivers cannot be granted
where the vehicle is owned by a company, a partnership firm or a similar body corporate.
5. Period of Insurance To
DETAILS OF DEPRECIATION
Table 1:Schedule of depreciation for arriving at IDV:
The Insured's declared value (IDV) of the vehicle will be deemed to be the 'Sum insured' and it will be fixed at commencement of each policy period for each insured vehicle
Age of The Vehicle % of Depreciation for fixing IDV Age of The Vehicle % of Depreciation for fixing IDV
Not exceeding 6 Months 5% Exceeding 2 years but not exceeding 3 years 30%
Exceeding 6 months but not exceeding 1 year 15% Exceeding 3 years but not exceeding 4 years 40%
Exceeding 1 year but not exceeding 2 years 20% Exceeding 4 years but not exceeding 5 years 50%
Note: IDV of obsolete models of vehicles (i.e. Models which the manufacturers have discontinued to manufacture) and vehicles beyond 5 years of age will be determined
on the basis of an understanding between the insurer and the insured.
PAYMENT DETAILS
HSN/SAC Description HSN / SAC Code Total Value of Supply (Rs.) Taxable value of Supply (Rs.) IGST Rate IGST Amt (Rs.)
997134 816.85 816.85 18% 147.03
Motor vehicle insurance services
Total 816.85 816.85 147.03
Total Invoice Value (In Figure) 964.00
Total Invoice Value (In Words) Nine Hundred Sixty Four
Whether Tax Payable on a Reverse Basis or Not No
Authorized Signatory