Sub: Risk Assumption Letter: Insured & Vehicle Details
Sub: Risk Assumption Letter: Insured & Vehicle Details
Sub: Risk Assumption Letter: Insured & Vehicle Details
Dear Sir/Madam,
Thank you for choosing ICICI Lombard General Insurance Company Limited (ICICI Lombard) as your preferred service
provider.
Please find enclosed Policy No. 3005/201942050/00/B00, which has been issued based on the below mentioned details:
The information provided above is based on the information received from you and accordingly, the policy has been
processed. Coverage of risk is subject to realisation of the full premium, post which, insurance coverage under the policy
would commence. In case the premium is not received by us due to cheque dishonour or any other reason, the insurance
cover shall be void ab-initio.
We have issued the policy basis your confirmation that you hold a valid PUC and/or Fitness certificate, as applicable.
If you require any changes in the Certificate of Insurance cum Policy Schedule, you are requested to inform us by writing to
[email protected] or calling our 24 hour toll free helpline on 1800 2666. Absence of any communication within
a period of 15 days of the date mentioned on this letter, would mean that the issued policy is in order and as per your proposal.
The information provided is merely illustrative and shall not be construed to be an evidence of existence of a contract of
insurance. The Risk Assumption Letter is to be read in conjunction with the policy and shall be considered null and void without
the same.
CORP/SUP/OPI/2014/1777
Premium Details
OWN DAMAGE(A) (`) LIABILITY(B) (`)
Basic OD Premium 404 Basic Third Party Liability 752
Sub Total 404 Total 752
Less: Add:
No Claim Bonus 35% 141 PA Cover for Owner Driver 375
Sub-Total Deductions 141 Sub-Total 375
Total Own Damage Premium(A) 263 Total Liability Premium(B) 1127
Total Package Premium(A+B): 1390
% 18
IGST
` 250.20
Total Tax Payable in ` 250
Total Premium Payable In ` 1640
Geographical Area: India Applicable IMT Clauses: 22
Compulsory Deductible: ` 100 Voluntary Deductible: ` 0
Premium Collection No. 1114779860 Premium Amount ` 1640 Receipt Date 12-07-2020
GSTIN Reg.No 27AAACI7904G1ZN HSN/SAC code 9971 / GENERAL INSURANCE SERVICES
Limits of Liability: (a) Under Section II-I(i) of the policy: Death of or bodily injury - Such amount as is necessary to meet the requirements of the Motor Vehicles Act 1988. (b)
Under Section II-I(ii) of the policy: Damage to Third Party Property ` 100000/-; PA Cover for Owner-Driver under Section III: CSI ` 1500000/-. Limitations as to Use: The
Policy covers use of the vehicle for any purpose other than: Hire or Reward, Carriage of goods (other than samples of personal luggage), Organised racing, Pace Making,
Reliability trails or Speed testing, any purpose in Connection with Motor Trade. Driver's Clause: Any person including the insured: Provided that a person driving holds an
effective driving license at the time of the accident and i s not disqualified from holding or obtaining such a license. Provided also that the person holding an effective
learner's license may also drive the vehicle and that such a person satisfies the requirements of Rule 3 of the Central Motor Vehicles Rules, 1989. Important Notice: The
insured i s not indemnified if the vehicle i s used or driven otherwise than in accordance with this schedule. Any payment made by the Company by reason of wider terms
appearing in the Certificate 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. Disclaimer: Please visit www.icicilombard.com for the policy wordings, for complete
details on terms and conditions governing the coverage and NCB. This document i s to be read with the policy wordings. The policy i s valid subject to realization of
cheque. We accept premium only via legally recognized modes. In case of dishonour of premium cheque, the company shall not be liable under the policy and the policy
shall be void ab-initio. In case of any discrepancy with respect to the policy, please revert within 15 days from the policy start date. This policy is underwritten on the basis
of the information provided by you and as detailed in the Risk Assumption Letter shared with you along with the policy. On renewal, the benefits provided under the policy
and/or terms and conditions of the policy including premium rate may be subject to change. Grievance Redressal: For resolution of any query or grievance you may
contact us on our toll free no. 1800 2666, or visit any of our branch offices. You can also write to us at [email protected]. For detailed grievance
redressal mechanism please visit the "Grievance Redressal" section on our website www.icicilombard.com.
I/We hereby certify that the Policy to which this Certificate relates, as well as, this Certificate of Insurance are issued in accordance with the provisions of Chapter X and
Chapter XI of Motor Vehicle Act, 1988. In witness whereof, this Policy has been signed at Mumbai on this date of Jul 12, 2020 in lieu of Covernote no. 201942050. The
stamp duty of ` 0.5 paid vide deface no. CSD14202013942020 dated May 26, 2020.
Policy Issuing Office: ICICI Lombard General Insurance Company Limited, ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg, Near Siddhi Vinayak Temple, Prabhadevi,
Mumbai 400 025.
Warranted that the insured named herein/owner of the vehicle holds a valid Pollution Under Control (PUC) Certificate and/or valid fitness certificate, as applicable, on the
date of commencement of the Policy and undertakes to renew and maintain a valid and effective PUC and/or fitness Certificate, as applicable, during the subsistence of
the Policy. Further, the Company reserves the right to take appropriate action in case of any discrepancy in the PUC or fitness certificate.