How Much Life Insurance You Need?
We offer following Insurance policies under
A Comprehensive Motor Policy is an insurance plan designed to provide extensive coverage for your vehicle against a wide range of risks. This policy goes beyond the basic third-party coverage and includes protection for both your own vehicle and third- party liabilities.
- Own Damage: This policy covers damage to your own vehicle resulting from accidents, theft, fire, vandalism, natural disasters, and other unforeseen events.
- Third-Party Liability: It covers legal liabilities for bodily injury, death, and property damage caused to third parties due to an accident involving your vehicle.
- Personal Accident Cover: Provides compensation for injuries or death sustained by the policyholder or driver.
- Own Damage Extensions: Additional coverage for specific situations such as hydrostatic lock, engine protection, and more.
- No Claim Bonus (NCB) Protection: Allows you to retain your NCB even after filing a claim.
- Depreciation Cover: Offers full reimbursement without considering depreciation during claim settlements.
- Roadside Assistance: Includes services like towing, fuel delivery, and minor repairs in case of breakdowns.
- Consumables Cover: Covers expenses related to consumable items like nuts, bolts, engine oil, etc., post-accident.
- Key Replacement: Compensation for lost or stolen vehicle keys.
- Zero Depreciation Cover: Provides complete reimbursement for parts replacement without accounting for depreciation.
- Engine Protector: Covers damage to the engine due to water ingression or oil leakage.
- Return to Invoice: Ensures reimbursement up to the original invoice price in case of total loss or theft.
- Personal Belongings Cover: Compensation for loss or damage to personal belongings inside the vehicle.
- Rental Car Benefit: Provides a substitute vehicle while your car is undergoing repairs.
- No Claim Bonus (NCB) Transfer: Allows you to transfer your NCB when switching insurers.
- Wind screen damage
- General wear and tear of the vehicle.
- Damage due to mechanical or electrical failures.
- Losses when driving under the influence of alcohol or drugs.
- Damage due to illegal activities or racing.
- Damage to the vehicle while being used for commercial purposes.
- Losses due to war, nuclear risks, and acts of terrorism.
A Comprehensive Motor Policy usually has a one-year term. Policyholders can renew the policy annually.
- Comprehensive coverage for both own vehicle and third-party liabilities.
- Protection against a wide range of risks, including accidents, theft, and natural disasters.
- Flexibility to customize coverage with various extensions and add-ons.
- Additional features like NCB protection, roadside assistance, and personal accident cover enhance the policy's value.
- Policyholders can choose from various deductibles to adjust premium costs.
- Timely renewals are crucial to maintaining continuous coverage and enjoying policy benefits.
It's important to carefully read the policy terms, conditions, and
exclusions to fully understand what is covered and what is not under a Comprehensive
Motor Policy. Additionally, consulting with an insurance professional of Metropolitan can
help you tailor the policy to your specific needs and preferences.
Also please give a special attention to the excess charged because it affects the
premium.
Motor Comprehensive Insurance provides broad coverage for vehicle owners, covering damages to their vehicles from accidents, theft, vandalism, and other perils, as well as third-party liability arising from an accident. The process for claims can vary somewhat depending on the insurer and jurisdiction, but the general steps and checklist remain largely consistent.
The Claim Process of Motor Comprehensive Insurance:
- Incident Occurrence: Whether it's an accident, theft, vandalism, or any other incident covered under the policy, it triggers the need for a potential claim.
- Safety First: In the case of an accident, ensure that everyone involved is safe. Move the vehicle out of traffic if it's causing a hazard and call emergency services if anyone is injured.
- Report to Authorities: Depending on the nature of the incident (e.g., accident, theft), it might be necessary to report to the police or other relevant authorities.
- Document the Scene: Take photographs of the accident scene, damages to all vehicles involved, any injuries sustained, and any other relevant evidence.
- Exchange Information: If the accident involves another party, exchange names, contact details, insurance information, and vehicle details.
- Notify Your Insurer: Contact your insurance company or agent as soon as possible to report the incident and get guidance on the next steps.
- Claim Form: Fill out the claim form provided by the insurance company, giving a detailed account of the incident.
- Assessment: The insurance company may send an assessor or adjuster to evaluate the damage to determine the cost of repairs or replacement.
- Repair & Compensation: If the claim is approved, the insurer will either direct you to one of their approved repair shops or let you choose a repair shop and then reimburse you for the expenses. If the vehicle is deemed a total loss, you'll be compensated based on the vehicle's value.
- Claim Settlement: Once all repairs are done or compensations determined, the claim is settled. This might involve paying any deductibles and receiving compensation for damages or loss.
- Accident Report: If the incident is an accident, an official accident report may be required, especially if the police attended the scene.
- Photographs: Pictures of the accident scene, damages, license plates of the vehicles involved, and any other relevant visuals.
- Third-party Details: Name, contact details, vehicle details, and insurance information of the other party involved in an accident.
- Witness Details: If there are any witnesses to the incident, their names and contact details can be crucial.
- Claim Form: Completely filled out with all the necessary details.
- Vehicle Registration: A copy of your vehicle's registration.
- Driver's License: A copy of the driver's license of the person driving at the time of the incident.
- Insurance Policy Document: A copy of your motor comprehensive insurance policy.
- Repair Estimates: If allowed by the insurer, multiple repair estimates from different garages.
- Receipts: If any immediate repairs were essential (like fixing a shattered window), keep receipts for potential reimbursement.
- Other Communication: Any correspondence or communication with third parties or authorities post-incident.
Motor Third Party Insurance is a fundamental type of auto insurance that offers coverage against legal liabilities to third parties arising from accidents involving your vehicle. Unlike Comprehensive Insurance, it doesn't cover damage to your own vehicle, focusing solely on protecting you from financial obligations towards others.
This insurance provides coverage for the following scenarios:
- Bodily injury or death of third parties caused by your vehicle.
- Property damage to third parties' assets due to your vehicle.
Extensions are limited in Motor Third Party Insurance due to its basic nature. However, some insurers might offer:
- Personal Accident Cover for the owner-driver.
- Legal expenses incurred in defending a lawsuit related to the accident.
This insurance typically excludes:
- Damage to your own vehicle.
- Losses due to theft, fire, or natural disasters.
- Accidents caused while driving under the influence of alcohol or drugs.
- Accidents during participation in racing or illegal activities.
- Liability arising from carrying passengers for hire or reward.
The policy usually spans one year, requiring annual renewals to maintain coverage.
The coverage amount is decided by the insurer and is based on the vehicle's class and capacity.
- Provides legal protection against third-party claims.
- Ensures compliance with legal requirements to have basic insurance coverage.s
- Offers financial assistance in covering legal expenses and compensation payments.
This insurance is mandatory by law in many countries to ensure that individuals take financial responsibility for damages caused to others.
- While it offers minimal coverage, it's recommended to consider Comprehensive Insurance for broader protection, including coverage for own vehicle damage.
- In case of accidents, prompt reporting to the insurer is crucial to initiate claim processing.
Please note that specific policy terms and conditions can vary among insurance providers and regions. It's essential to review the policy documents carefully and consult with professionals of metropolitan to make informed decisions regarding your insurance coverage.
Motor Third Party Insurance, often simply referred to as "Third Party Insurance," covers the policyholder's legal liability arising from causing damage or injury to a third party. This form of insurance doesn't cover damages to the policyholder's vehicle but rather damages to others' property or injuries to other people caused by the policyholder.
The Claim Process of Motor Third Party Insurance:
- Incident Occurrence: An accident or incident occurs where the insured party may be at fault for damage or injury to a third party.
- Safety First: Immediately after the accident, ensure that everyone involved is safe. If needed, move the vehicle to a safer location to prevent further hazards.
- Inform Authorities: In most jurisdictions, if there's significant property damage, injuries, or fatalities, you must report the accident to the police.
- Document the Scene: It's beneficial to take photos of the accident scene, vehicles involved, and any relevant road signs or signals. This can help prove the circumstances of the accident.
- Exchange Details: Exchange names, contact details, and insurance information with the other involved parties.
- Notify Your Insurance Provider: Even if you believe you might not be at fault, it's crucial to inform your insurer about the incident. They will guide you on the next steps.
- Third Party Claim: The third party (the person not at fault) may file a claim against your Third Party Insurance.
- Insurer's Investigation: Your insurer will typically investigate the claim to ascertain the facts of the incident and determine liability.
- Claim Approval or Denial: Based on the investigation, the insurer will either approve or deny the claim. If approved, they will settle with the third party on your behalf up to the policy limits.
- Legal Proceedings: If there's a dispute over the claim or if the claim exceeds your policy limits, the matter might proceed to legal channels.
- Accident Report: An official report from the police detailing the accident's circumstances, especially if there were significant damages or injuries.
- Photographs: Images of the accident scene, damages, and any other relevant visuals which might help in understanding the context and determining liability.
- Third-party Details: Names, contact details, and insurance information of all other parties involved.
- Witness Information: Names and contact details of any witnesses present during the incident.
- Insurance Policy Details: Your Motor Third Party Insurance policy number and details.
- Driver's License: A copy of the driver's license of the person driving at the time of the incident.
- Vehicle Registration: A copy of your vehicle's registration.
- Detailed Account: A written account of the accident from your perspective, detailing how the accident happened.
- Correspondence: Any letters, emails, or messages exchanged with the third party or their insurance provider post-incident.
- Medical Reports: If the third party claims injury, medical reports may be presented as evidence.
- Repair Bills/Estimates: The third party might provide repair bills or estimates for their property or vehicle damage.
Motor Fleet Insurance is a comprehensive policy designed to cover multiple vehicles under a single policy, typically owned by a business or organization. It streamlines insurance management for a fleet of vehicles, offering convenience
This insurance provides coverage for:
- Own Damage: Protection against damage to your fleet vehicles due to accidents, theft, fire, and other unforeseen events.
- Third-Party Liability: Coverage for legal liabilities arising from bodily injury, death, and property damage caused by your fleet vehicles to third parties.
Extensions can include:
- Passenger Liability Extension: Coverage for passengers in your fleet vehicles.
- Legal Expenses Coverage: Protection against legal costs in case of lawsuits related to accidents.
- Uninsured/Underinsured Motorist Coverage: Protection if your fleet is involved in an accident with an uninsured or underinsured driver.
Exclusions may involve:
- Damage due to intentional acts, racing, or illegal activities..
- Vehicles not registered under the policy.
- Wear and tear, mechanical breakdowns, or maintenance-related issues.
- Damage while vehicles are used for unauthorized purposes.
Motor Fleet Insurance policies are typically annual and require renewal to ensure continuous coverage.
The sum insured is usually determined based on the collective value of the entire fleet and can be adjusted as per the fleet's size and value.
- Centralized Coverage: Simplifies insurance management for a range of vehicles.
- Cost Efficiency: Often more economical compared to insuring individual vehicles.
- Streamlined Claims: One policy for all vehicles means streamlined claims processing.
- Flexibility: Easily add or remove vehicles as your fleet evolves.
- Careful vehicle categorization is essential to ensure all vehicles are accurately covered.
- Careful vehicle categorization is essential to ensure all vehicles are accurately covered.
- Tailoring coverage to the specific needs of your fleet is crucial; extensions and exclusions can vary.
- Regular updates to your insurer about changes in the fleet are important to maintain accurate coverage.
Fleet insurance is a valuable option for businesses with multiple vehicles, offering comprehensive coverage, ease of administration, and potential cost savings. As with any insurance, thorough policy review and consultation with experts are advised to make informed decisions.
Motor Fleet Insurance provides coverage for a group of vehicles owned by a single entity (typically a business) under one policy. This insurance is designed to make managing and insuring multiple vehicles more straightforward and often includes both comprehensive and third-party liabilities.
The Claim Process of Motor Fleet Insurance:
- Incident Occurrence: If an accident or any other insured event (like theft) occurs involving one of the fleet's vehicles.
- Safety First: Ensure the safety of the driver, passengers, and other involved parties. If necessary, move vehicles to a safe location to avoid causing further hazards.
- Notify Authorities: For significant property damage, injuries, or in cases of theft, the incident should be reported to the police.
- Document Everything: The driver should take photographs of the accident scene, damages, and any other relevant information.
- Exchange Details: If another party is involved, the driver should collect and provide necessary details - names, contact information, insurance details, and vehicle details.
- Notify the Policyholder: The driver should immediately inform the company or entity that owns the fleet.
- Notify the Insurance Provider: The entity should promptly contact the insurance provider to report the incident.
- Claim Assessment: The insurance company may send an adjuster to assess the damage and determine the claim's validity and value.
- Repair & Compensation: Post-assessment, the insurer will typically guide the policyholder to one of their approved repair shops or allow them to select a shop, reimbursing for expenses later.
- Claim Settlement: After repair or compensation determinations, the claim will be settled. This might include the company paying any deductibles and receiving compensation for damages.
- Accident Report: An official police report, especially if there were substantial damages, injuries, or theft.
- Photographs: Photos capturing the accident scene, damages, surrounding areas, license plates, and any other pertinent visuals.
- Involved Parties' Details: Names, contact information, insurance details, and vehicle information of all parties involved.
- Witness Details: Information and statements from any witnesses present at the scene.
- Claim Form: A fully filled claim form, detailing the incident as provided by the insurer.
- Vehicle Documentation: A copy of the involved vehicle's registration.
- Driver's Details: Details about the driver at the time of the incident, including a copy of their driver's license, and if applicable, proof of their authorization to drive the vehicle.
- Detailed Account: A written description of the incident from the driver's and any other company representative's perspective.
- Fleet Insurance Policy Details: A copy or details of the Motor Fleet Insurance policy.
- Repair Estimates/Bills: Documents detailing the cost to repair any damages.
- Any Other Evidence: This can include CCTV footage, dashcam recordings, or any other form of evidence that can support the claim.
Metropolitan is best at rendering quality services to their customers whether they are individuals or corporates. Metropolitan focus on establishing itself as a committed, knowledge driven and customer focused entity in the insurance industry.
