National Insurance Company Limited

CIN - U10200WB1906GOI001713 IRDAI Regn. No. - 58

National Stand Alone Private Car Own Damage Cover Policy Issuing Office
UIN: IRDAN058RP0004V01201920

Whereas the Insured by a proposal and declaration dated as stated in the Schedule which shall be the basis of this
contract and is deemed to be incorporated herein has applied to the company for insurance of Private Car hereinafter
contained and has paid the premium mentioned in the schedule as consideration for such insurance in respect of
accidental loss or damage to the motor vehicle occurring during the Period of Insurance.
Note 1: This Policy covers ONLY damage to the insured vehicle, and shall be valid during the period of one year or
twelve calendar months.
Note 2: No short period policy can be issued.

Definitions
1. The term ‘Policy’ used in this Policy shall mean National Stand Alone Private Car Own Damage Cover
2. The term ‘Private Car’ used in this Policy shall mean,
(a) Private Car Type Vehicles used for social, domestic and pleasure purposes and also for professional purposes (excluding the
carriage of goods other than samples) of the insured or used by the insured's employees for such purposes but excluding use for
hire or reward, racing, pace making, reliability trial, speed testing and use for any purpose in connection with the Motor Trade.
(b) Motorized three wheeled vehicles (including motorized rickshaws / cabin body scooters used for private purposes only)

NOW THIS POLICY WITNESSETH:

That subject to the Terms Exceptions and Conditions contained herein or endorsed or otherwise expressed hereon.

I. LOSS OF OR DAMAGE TO THE VEHICLE INSURED

The Company will indemnify the insured against loss or damage to the vehicle insured hereunder and/or its
accessories whilst thereon

i. by fire explosion self ignition or lightning;

ii. by burglary housebreaking or theft;
iii. by riot and strike;
iv. by earthquake (fire and shock damage);
v. by flood typhoon hurricane storm tempest inundation cyclone hailstorm frost;
vi. by accidental external means;
vii. by malicious act;
viii. by terrorist activity;
ix. whilst in transit by road rail inland- waterway lift elevator or air;
x. by landslide rockslide.

Subject to a deduction for depreciation at the rates mentioned below in respect of parts replaced;

1. For all rubber/ nylon/ plastic parts, tyres, tubes and batteries - 50%
2. For fibre glass components 30%
3. For all parts made of glass Nil
4. Rate of depreciation for all other parts including wooden parts will be as per the following schedule:

AGE OF VEHICLE % OF DEPRECIATION

Not exceeding 6 months Nil
Exceeding 6 months but not exceeding 1 year 5%
Exceeding 1 year but not exceeding 2 years 10%
Exceeding 2 years but not exceeding 3 years 15%
Exceeding 3 years but not exceeding 4 years 25%
Exceeding 4 years but not exceeding 5 years 35%
Exceeding 5 year but not exceeding 10 years 40%
Exceeding 10 years 50%

National Insurance Co. Ltd. National Stand Alone Private Car Own Damage Cover
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Regd. Office 3, Middleton Street, Post Box 9229, Kolkata 700 071 (UIN: IRDAN058RP0004V01201920)
5. Rate of Depreciation for Painting: In the case of Painting, the depreciation rate of 50% shall be applied only on the
material cost of total painting charges. In case of a consolidated bill for painting charges, the material component
shall be considered as 25% of total painting charges for the purpose of applying the depreciation.

The Company shall not be liable to make any payment in respect of :

(a) consequential loss, depreciation, wear and tear, mechanical or electrical breakdown failures or breakages ;
(b) damage to Tyres and Tubes unless the vehicle insured is damaged at the same time in which case the liability of
the company shall be limited to 50% of the cost of replacement.
(c) any accidental loss or damage suffered whilst the insured or any person driving the vehicle with the knowledge
and consent of the insured is under the influence of intoxicating liquor or drugs.

In the event of the vehicle being disabled by reason of loss or damage covered under this Policy the Company will
bear the reasonable cost of protection and removal to the nearest repairer and of redelivery to the Insured but not
exceeding in all Rs.1,500/- in respect of any one accident.

The insured may authorise the repair of the vehicle necessitated by damage for which the Company may be liable
under this Policy provided that:-
(a) the estimated cost of such repair including replacements, if any, does not exceed Rs.500/-
(b) the Company is furnished forthwith a detailed estimate of the cost of repairs and
(c) the insured shall give the Company every assistance to see that such repair is necessary and the charges are
reasonable.

SUM INSURED – INSURED’S DECLARED VALUE (IDV)

The Insured’s Declared Value (IDV) of the vehicle will be deemed to be the “SUM INSURED” for the purpose of
this policy which is fixed at the commencement of each policy period for the insured vehicle.
The IDV of the vehicle (and side car/accessories, if any, fitted to the vehicle) is to be fixed on the basis of the
manufacturer’s listed selling price of the brand and model as the insured vehicle at the commencement of
insurance/renewal and adjusted for depreciation (as per schedule below).
The schedule of age-wise depreciation as shown below is applicable for the purpose of Total Loss/Constructive Total
Loss (TL/CTL) claims only.

THE SCHEDULE OF DEPRECIATION FOR FIXING IDV OF THE VEHICLE

Age of the Vehicle % of Depreciation for Fixing IDV
Not exceeding 6 months 5%
Exceeding 6 months and <= 1 year 15%
Exceeding 1 year but not exceeding 2 years 20%
Exceeding 2 years but not exceeding 3 years 30%
Exceeding 3 years but not exceeding 4 years 40%
Exceeding 4 years but not exceeding 5 years 50%
NOTE: IDV of vehicles beyond 5 years of age is to be determined on the basis of an understanding between the
insurer and the insured.

Illustration:
Policy period: 1 year

Market price of the vehicle on inception of the first policy: INR100.

IDV for Policy 1: INR 95 (after 5% depreciation)
Market price of the vehicle on inception of first renewal of policy: INR105.
IDV for Policy 2: INR 84 (after 20% depreciation)
Market price of the vehicle on inception of second renewal of policy: INR110.
IDV for Policy 3: INR 77 (after 30% depreciation)

IDV of obsolete models of the vehicles ( i.e. models which the manufacturers have discontinued to manufacture) is to
be determined on the basis given below:

For Obsolete Models

Age of the Vehicle % of Depreciation for Fixing IDV
Up to 5 year 65%

National Insurance Co. Ltd. National Stand Alone Private Car Own Damage Cover
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Regd. Office 3, Middleton Street, Post Box 9229, Kolkata 700 071 (UIN: IRDAN058RP0004V01201920)
 Note 1: National Stand Alone Private Car Own Damage Cover cannot be issued for an obsolete vehicle beyond 5 year
of age.
Note 2: For the purpose of determination of IDV of the obsolete vehicle the last recorded selling price will be
considered. In other words, applicable depreciation scale has to be applied on the last recorded selling price.

Illustration for Obsolete Vehicle:

Policy period: 1 year

Selling price of the vehicle on inception of first policy: INR100.

IDV for Policy 1: INR 35 (after 65% depreciation)
IDV for Policy 2: INR 35 (after 65% depreciation)
IDV for Policy 3: INR 35 (after 65% depreciation)
IDV for Policy 4: INR 35 (after 65% depreciation)
IDV for Policy 5: Policy cannot be issued beyond 5 years of age of vehicle

IDV as mentioned in the schedule, shall be treated as the “Market Value” during the policy period without any further
depreciation for the purpose of Total Loss (TL) / Constructive Total Loss (CTL) claims.

Note
The insured vehicle shall be treated as CTL if the aggregate cost of retrieval and / or repair of the vehicle, subject to
terms and conditions of the policy, exceeds 75% of the IDV of the vehicle for a particular year during the policy
period.

II. EXCEPTIONS

The Company shall not be liable in respect of :

1. Any accidental loss and/or damage caused sustained or incurred outside the Geographical Area.
2. Any claim arising out of any contractual liability.
3. Any accidental loss and/or damage caused sustained or incurred whilst the vehicle insured herein is:
a) Being used otherwise than in accordance with the Limitations as to Use or
b) Being driven by or is for the purpose of being driven by him/her in the charge of any person other than a Driver as
stated in the Driver's clause.
4 i) Any accidental loss or damage to any property whatsoever or any loss or expense whatsoever resulting or arising
there from or any consequential loss
ii) Any liability of whatsoever nature directly or indirectly caused by or contributed to or by or arising from ionising
radiations or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of
nuclear fuel. For the purposes of this exception combustion shall include any self-sustaining process of nuclear fission.
5. Any accidental loss and/or damage directly or indirectly caused by or contributed to or by or arising from nuclear
weapons material
6. Any accidental loss and/or damage directly or indirectly or proximately or remotely occasioned by or contributed to
or by or traceable to or arising out of or in connection with war, invasion, the act of foreign enemies, hostilities or
warlike operations (whether before or after declaration of war), civil war, mutiny rebellion, military or usurped power
or by any direct or indirect consequences of any of the said occurrences and in the event of any claim hereunder the
Insured shall prove that the accidental loss damage arose independently of and was in no way connected with or
occasioned by or contributed to or by or traceable to any of the said occurrences or any consequences thereof and in
default of such proof the Company shall not be liable to make any payment in respect of such a claim.

III. DEDUCTIBLE

The Company shall not be liable for each and every claim under this Policy in respect of the deductible stated in the
schedule.

IV. CONDITIONS

This Policy and the Schedule shall be read together and any word or expression to which a specific meaning has been
attached in any part of this Policy or of the Schedule shall bear the same meaning wherever it may appear.

1. Notice shall be given in writing to the Company immediately upon the occurrence of any accidental loss or damage
and in the event of any claim and thereafter the insured shall give all such information and assistance as the Company

National Insurance Co. Ltd. National Stand Alone Private Car Own Damage Cover
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Regd. Office 3, Middleton Street, Post Box 9229, Kolkata 700 071 (UIN: IRDAN058RP0004V01201920)
shall require. In case of theft or other criminal act which may be the subject of a claim under this Policy the insured
shall give immediate notice to the police and co-operate with the Company in securing the conviction of the offender.

2. The Company may at its own option repair reinstate or replace the vehicle or part thereof and/or its accessories or
may pay in cash the amount of the loss or damage and the liability of the Company shall not exceed:
(a) for total loss / constructive total loss of the vehicle - the Insured's Declared Value (IDV) of the vehicle (including
accessories thereon) as specified in the Schedule less the value of the wreck.
(b) for partial losses, i.e. losses other than Total Loss/Constructive Total Loss of the vehicle - actual and reasonable
costs of repair and/or replacement of parts lost/damaged subject to depreciation as per limits specified.

3. The Insured shall take all reasonable steps to safeguard the vehicle from loss or damage and to maintain it in
efficient condition and the Company shall have at all times free and full access to examine the vehicle or any part
thereof or any driver or employee of the insured. In the event of any accident or breakdown, the vehicle shall not be
left unattended without proper precautions being taken to prevent further damage or loss and if the vehicle be driven
before the necessary repairs are effected any extension of the damage or any further damage to the vehicle shall be
entirely at the insured's own risk.

4. Cancellation
The Company may at any time cancel the Policy (on the grounds of mis – representation, non-disclosure of material
facts, fraud or non-co-operation of the insured) by sending the insured seven days’ notice by registered post at
insured’s last known address and in such event the company shall not allow any refund.

The Policy may be cancelled at any time by the insured on seven days’ notice by recorded delivery and provided no
claim has arisen during the policy period, the insured shall be entitled to a return of premium less premium at the
Company's Short Period rates for the period the Policy has been in force in the year of cancellation. For the purpose of
cancellation, the short period scale of premium applicable is given below:

Period (one year) % of annual premium

Not exceeding 1 month 20%
Exceeding 1 month but not exceeding 2 months 30%
Exceeding 2 months but not exceeding 3 months 40%
Exceeding 3 months but not exceeding 4 months 50%
Exceeding 4 months but not exceeding 5 months 60%
Exceeding 5 months but not exceeding 6 months 70%
Exceeding 6 months but not exceeding 7 months 80%
Exceeding 7 months but not exceeding 8 months 90%
Exceeding 8 months Full annual premium/ rate

Return of the premium by the company will be subject to retention of the minimum premium of Rs. 100/- (or Rs.25/-
in respect of vehicles specifically designed/modified for use by blind/ handicapped/ mentally challenged persons).

5. If at the time of occurrence of an event that gives rise to any claim under this policy there is in existence any other
insurance covering the same liability, the Company shall not be liable to pay or contribute more than its ratable
proportion of any compensation, cost or expense.

6. If any dispute or difference shall arise as to the quantum to be paid under this policy (liability being otherwise
admitted), such difference shall independent of all other questions be referred to the decision of a sole arbitrator to be
appointed in writing by the parties to the dispute or if they cannot agree upon a single arbitrator within 30 days of any
party invoking Arbitration, the same shall be referred to a panel of three arbitrators comprising two arbitrators one to
be appointed by each of the parties to the dispute / difference, and a third arbitrator to be appointed by such two
arbitrators who shall act as the presiding arbitrator and Arbitration shall be conducted under and in accordance with
the provisions of the Arbitration and Conciliation Act, 1996, as amended by Arbitration and Conciliation
(Amendment) Act, 2015 (No. 3 of 2016).
It is clearly agreed and understood that no difference or dispute shall be referable to Arbitration as hereinbefore
provided, if the Company has disputed or not accepted liability under or in respect of this policy.
It is hereby expressly stipulated and declared that it shall be condition precedent to any right of action or suit upon this
policy that the award by such arbitrator/ arbitrators of the amount of the loss or damage shall be first obtained.

National Insurance Co. Ltd. National Stand Alone Private Car Own Damage Cover
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Regd. Office 3, Middleton Street, Post Box 9229, Kolkata 700 071 (UIN: IRDAN058RP0004V01201920)
 It is also hereby further expressly agreed and declared that if the Company shall disclaim liability to the insured for
any claim hereunder and such claim shall not, within twelve calendar months from the date of such disclaimer have
been made the subject matter of a suit in a court of law, then the claim shall for all purposes be deemed to have been
abandoned and shall not thereafter be recoverable hereunder.

7. The due observance and fulfillment of the terms, conditions and endorsements of this Policy in so far as they relate
to anything to be done or complied with by the insured and the truth of the statements and answers in the said proposal
shall be conditions precedent to any liability of the Company to make any payment under this Policy.

8. In the event of the death of the sole insured, this Policy will not immediately lapse but will remain valid for a period
of three months from the date of the death of insured or until the expiry of this policy (whichever is earlier). During
the said period, legal heir(s) of the insured to whom the custody and use of the Motor Vehicle passes may apply to
have this Policy transferred to the name(s) of the heir(s) or obtain a new insurance policy for the Motor Vehicle.
Where such legal heir(s) desire(s) to apply for transfer of this policy or obtain a new policy for the vehicle such heir(s)
should make an application to the Company accordingly within the aforesaid period. All such applications should be
accompanied by:-
a) Death Certificate in respect of the insured
b) Proof of title to the vehicle
c) Original Policy.

V. REDRESSAL OF GRIEVANCE
Grievance Level 1 –In case of any grievance relating to servicing the Policy, the insured person may submit in writing to the
Policy issuing office or regional office for redressal.
Grievance Level 2 –If the grievance remains unaddressed, insured person may contact Customer Relationship Management
Dept., National Insurance Company Limited, Chhabildas Towers, 6A, Middleton Street, Kolkata - 700071.
Grievance Level 3 –If the insured person is not satisfied, the grievance may be referred to “Motor Insurance Dept.”, National
Insurance Company Limited, 3 Middleton Street, Kolkata - 700071.
For more information on grievance mechanism, and to download grievance form, visit our website
www.nationalinsuranceindia.com.
IRDAI Integrated Grievance Management System - https://igms.irda.gov.in/
Insurance Ombudsman –The insured person may also approach the office of Insurance Ombudsman of the respective
area/region for redressal of grievance. The contact details of the Insurance Ombudsman offices have been provided below.

Insurance is the subject matter of solicitation.

Please preserve the Policy for all future reference.

Areas of Jurisdiction Office of the Insurance Ombudsman Punjab , Haryana, Himachal Office of the Insurance Ombudsman,
Pradesh, Jammu and Kashmir , S.C.O. No. 101, 102 & 103, 2nd Floor,
Gujarat , UT of Dadra and Nagar Office of the Insurance Ombudsman, UT of Chandigarh Batra Building, Sector 17 – D,
Haveli, Daman and Diu 2nd floor, Ambica House, Chandigarh – 160 017.
Near C.U. Shah College, Tel.: 0172 - 2706196 / 2706468
5, Navyug Colony, Ashram Road, Fax: 0172 - 2708274
Ahmedabad – 380 014. Email: bimalokpal.chandigarh@gbic.co.in
Tel.: 079 - 27546150 / 27546139 Tamil Nadu, UT–Pondicherry Office of the Insurance Ombudsman,
Fax: 079 - 27546142 Town and Karaikal (which are Fatima Akhtar Court, 4th Floor, 453,
Email: bimalokpal.ahmedabad@gbic.co.in part of UT of Pondicherry) Anna Salai, Teynampet,
Karnataka Office of the Insurance Ombudsman, CHENNAI – 600 018.
Jeevan SoudhaBuilding,PID No. 57-27-N-19 Tel.: 044 - 24333668 / 24335284
Ground Floor, 19/19, 24th Main Road, Fax: 044 - 24333664
JP Nagar, Ist Phase, Email: bimalokpal.chennai@gbic.co.in
Bengaluru – 560 078. Delhi Office of the Insurance Ombudsman,
Tel.: 080 - 26652048 / 26652049 2/2 A, Universal Insurance Building,
Email: bimalokpal.bengaluru@gbic.co.in Asaf Ali Road,
Madhya Pradesh and Office of the Insurance Ombudsman, New Delhi – 110 002.
Chhattisgarh JanakVihar Complex, 2nd Floor, Tel.: 011 - 23239633 / 23237532
6, Malviya Nagar, Opp. Airtel Office, Fax: 011 - 23230858
Near New Market, Email: bimalokpal.delhi@gbic.co.in
Bhopal – 462 003. Assam , Meghalaya, Manipur, Office of the Insurance Ombudsman,
Tel.: 0755 - 2769201 / 2769202 Mizoram, Arunachal Pradesh, Jeevan Nivesh, 5th Floor,
Fax: 0755 - 2769203 Nagaland and Tripura Nr. Panbazar over bridge, S.S. Road,
Email: bimalokpal.bhopal@gbic.co.in Guwahati – 781001(ASSAM).
Orissa Office of the Insurance Ombudsman, Tel.: 0361 - 2132204 / 2132205
62, Forest park, Fax: 0361 - 2732937
Bhubneshwar – 751 009. Email: bimalokpal.guwahati@gbic.co.in
Tel.: 0674 - 2596461 /2596455 Andhra Pradesh, Telangana and Office of the Insurance Ombudsman,
Fax: 0674 - 2596429 UT of Yanam – a part of the UT 6-2-46, 1st floor, "Moin Court",
Email: bimalokpal.bhubaneswar@gbic.co.in of Pondicherry Lane Opp. Saleem Function Palace,
A. C. Guards, Lakdi-Ka-Pool,
Hyderabad - 500 004.
Tel.: 040 - 65504123 / 23312122

National Insurance Co. Ltd. National Stand Alone Private Car Own Damage Cover
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Regd. Office 3, Middleton Street, Post Box 9229, Kolkata 700 071 (UIN: IRDAN058RP0004V01201920)
 Fax: 040 - 23376599 Gorkhpur, Deoria, Mau,
Email: bimalokpal.hyderabad@gbic.co.in Ghazipur, Chandauli, Ballia,
Rajasthan Office of the Insurance Ombudsman, Sidharathnagar.
Jeevan Nidhi – II Bldg., Gr. Floor, Goa, Office of the Insurance Ombudsman,
Bhawani Singh Marg, Mumbai Metropolitan Region 3rd Floor, Jeevan SevaAnnexe,
Jaipur - 302 005. excluding Navi Mumbai & S. V. Road, Santacruz (W),
Tel.: 0141 - 2740363 Thane Mumbai - 400 054.
Email: Bimalokpal.jaipur@gbic.co.in Tel.: 022 - 26106552 / 26106960
Kerala , UT of (a) Lakshadweep, Office of the Insurance Ombudsman, Fax: 022 - 26106052
(b) Mahe – a part of UT of 2nd Floor, Pulinat Bldg., Email: bimalokpal.mumbai@gbic.co.in
Pondicherry Opp. Cochin Shipyard, M. G. Road, State of Uttaranchal and the Office of the Insurance Ombudsman,
Ernakulam - 682 015. following Districts of Uttar BhagwanSahai Palace
Tel.: 0484 - 2358759 / 2359338 Pradesh: 4th Floor, Main Road,
Fax: 0484 - 2359336 Agra, Aligarh, Bagpat, Bareilly, Naya Bans, Sector 15,
Email: bimalokpal.ernakulam@gbic.co.in Bijnor, Budaun, Bulandshehar, Distt: GautamBuddh Nagar,
West Bengal, UT of Andaman Office of the Insurance Ombudsman, Etah, Kanooj, Mainpuri, U.P-201301.
and Nicobar Islands, Sikkim Hindustan Bldg. Annexe, 4th Floor, Mathura, Meerut, Moradabad, Tel.: 0120-2514250 / 2514251 / 2514253
4, C.R. Avenue, Muzaffarnagar, Oraiyya, Pilibhit, Email: bimalokpal.noida@gbic.co.in
KOLKATA - 700 072. Etawah, Farrukhabad, Firozbad,
Tel.: 033 - 22124339 / 22124340 Gautambodhanagar, Ghaziabad,
Fax : 033 - 22124341 Hardoi, Shahjahanpur, Hapur,
Email: bimalokpal.kolkata@gbic.co.in Shamli, Rampur, Kashganj,
Districts of Uttar Pradesh : Office of the Insurance Ombudsman, Sambhal, Amroha, Hathras,
Laitpur, Jhansi, Mahoba, 6th Floor, Jeevan Bhawan, Phase-II, Kanshiramnagar, Saharanpur
Hamirpur, Banda, Chitrakoot, Nawal Kishore Road, Hazratganj, Bihar, Office of the Insurance Ombudsman,
Allahabad, Mirzapur, Lucknow - 226 001. Jharkhand. 1st Floor,Kalpana Arcade Building,,
Sonbhabdra, Fatehpur, Tel.: 0522 - 2231330 / 2231331 Bazar Samiti Road,
Pratapgarh, Jaunpur,Varanasi, Fax: 0522 - 2231310 Bahadurpur,
Gazipur, Jalaun, Kanpur, Email: bimalokpal.lucknow@gbic.co.in Patna 800 006.
Lucknow, Unnao, Sitapur, Email: bimalokpal.patna@gbic.co.in
Lakhimpur, Bahraich, Barabanki, Maharashtra, Office of the Insurance Ombudsman,
Raebareli, Sravasti, Gonda, Area of Navi Mumbai and Thane Jeevan Darshan Bldg., 3rd Floor,
Faizabad, Amethi, Kaushambi, excluding Mumbai Metropolitan C.T.S. No.s. 195 to 198,
Balrampur, Basti, Region N.C. Kelkar Road, Narayan Peth,
Ambedkarnagar, Sultanpur, Pune – 411 030.
Maharajgang, Santkabirnagar, Tel.: 020 - 32341320
Azamgarh, Kushinagar, Email: bimalokpal.pune@gbic.co.in

National Insurance Co. Ltd. National Stand Alone Private Car Own Damage Cover
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Regd. Office 3, Middleton Street, Post Box 9229, Kolkata 700 071 (UIN: IRDAN058RP0004V01201920)