Non-Life Insurers

An error occurred while processing the template.
Template inclusion failed (for parameter value "_TEMPLATE_CONTEXT_/37301/37341/20097/NAVIGATION-MACRO-FTL"):
Unable to find FreeMarker template with ID _TEMPLATE_CONTEXT_/37301/37341/20097/NAVIGATION-MACRO-FTL

----
FTL stack trace ("~" means nesting-related):
	- Failed at: #include "${templatesPath}/NAVIGATION...  [in template "37301#37343#503003" at line 5, column 1]
----
1<div class="container-fluid"> 
2<div class="row responsive"> 
3                    <div class="col-lg-12 pb-4 side-nav  print-exclude"> 
4                     <p class="back pt-3"><a href="javascript:history.go(-1);"><img src="/o/irdai-theme/images/svg/icons/back-cta-chevron.svg" alt="back" title="back"> Back</a></p> 
5<#include "${templatesPath}/NAVIGATION-MACRO-FTL" /> 
6 
7<#if !entries?has_content> 
8	<#if themeDisplay.isSignedIn()> 
9		<div class="alert alert-info"> 
10			<@liferay.language key="there-are-no-menu-items-to-display" /> 
11		</div> 
12	</#if> 
13<#else> 
14	<#assign 
15		portletDisplay = themeDisplay.getPortletDisplay() 
16 
17		navbarId = "navbar_" + portletDisplay.getId() 
18	/> 
19 
20	<div id="${navbarId}"> 
21		<div aria-label="<@liferay.language key="site-pages" />" class="nav navbar-nav navbar-site claim-menu-list show" role="menubar"> 
22			<#assign navItems = entries /> 
23			 
24 
25 
26			<#list navItems as navItem> 
27				<#assign showChildrenNavItems = (displayDepth != 1) && navItem.hasBrowsableChildren() /> 
28 
29				<#if navItem.isBrowsable() || showChildrenNavItems> 
30					<#assign 
31						nav_item_attr_has_popup = "" 
32						nav_item_caret = "" 
33						nav_item_css_class = "lfr-nav-item nav-item" 
34						nav_item_href_link = "" 
35						nav_item_link_css_class = "nav-link text-truncate" 
36					/> 
37 
38					<#if showChildrenNavItems> 
39						<#assign nav_item_attr_has_popup = "aria-haspopup='true'" /> 
40						<#assign nav_item_caret> 
41							<span class="lfr-nav-child-toggle px-1 ml-auto"> 
42								<@clay["icon"] symbol="angle-right" /> 
43							</span> 
44						</#assign> 
45						<#assign 
46							nav_item_css_class = "${nav_item_css_class} dropdown" 
47							nav_item_link_css_class = "${nav_item_link_css_class} dropdown-toggle" 
48						/> 
49					</#if> 
50 
51					<#if navItem.isBrowsable()> 
52						<#assign nav_item_href_link = "href='${navItem.getURL()}'" /> 
53					</#if> 
54 
55					<#if navItem.isChildSelected() || navItem.isSelected()> 
56						<#assign 
57							nav_item_css_class = "${nav_item_css_class} selected active" 
58						/> 
59					</#if> 
60 
61					<p class="${nav_item_css_class} text-wrap" id="layout_${portletDisplay.getId()}_${navItem.getLayoutId()}" role="presentation"> 
62						<a aria-labelledby="layout_${portletDisplay.getId()}_${navItem.getLayoutId()}" ${nav_item_attr_has_popup} ${nav_item_href_link} ${navItem.getTarget()} role="menuitem" class="text-truncate"> 
63							<span class="text-truncate"><@liferay_theme["layout-icon"] layout=navItem.getLayout() /> ${navItem.getName()} </span> 
64						</a> 
65						${nav_item_caret} 
66</p> 
67						<#if showChildrenNavItems> 
68					 
69							<ul class="claim-list"> 
70								<@buildChildrenNavItems2 
71									displayDepth=displayDepth 
72									navItem=navItem 
73								/> 
74								 
75							</ul> 
76						</#if> 
77					 
78					 
79				</#if> 
80			</#list> 
81			 
82		        
83                  
84			 
85		</div> 
86	</div> 
87	 
88	<#macro buildChildrenNavItems2 
89    	displayDepth 
90    	navItem 
91    	navItemLevel = 2 
92
93    	<#assign 
94    		portletDisplay = themeDisplay.getPortletDisplay() 
95    	/> 
96     
97    	<#list navItem.getChildren() as childNavigationItem> 
98    		<#assign 
99    			nav_child_css_class = "" 
100    			nav_item_caret = "" 
101    			sub_menu_heading_css_class = "" 
102    		/> 
103     
104    		<#if childNavigationItem.isChildSelected() || childNavigationItem.isSelected()> 
105    			<#assign 
106    				nav_child_css_class = "active selected" 
107    			/> 
108    		</#if> 
109    		 
110    		<#if childNavigationItem.hasBrowsableChildren() && ((displayDepth == 0) || (navItemLevel < displayDepth))> 
111    			<#assign nav_item_caret> 
112							<span <span class="lfr-nav-child-toggle px-1 ml-auto float-right"> 
113								<@clay["icon"] symbol="angle-right" /> 
114							</span> 
115						</#assign> 
116    			 
117    		</#if> 
118     
119    		<li class="${nav_child_css_class} text-wrap" id="layout_${portletDisplay.getId()}_${childNavigationItem.getLayoutId()}" role="presentation"> 
120    			<#if childNavigationItem.isBrowsable()> 
121    				<a aria-labelledby="layout_${portletDisplay.getId()}_${childNavigationItem.getLayoutId()}" href="${childNavigationItem.getURL()}" ${childNavigationItem.getTarget()} role="menuitem"> ${childNavigationItem.getName()} 
122    					  
123    				</a> 
124					${nav_item_caret} 
125    			<#else> 
126    				<a href="javascript:void(0)"> ${childNavigationItem.getName()}</a> 
127    			</#if> 
128    			</li> 
129    			<#if childNavigationItem.hasBrowsableChildren() && ((displayDepth == 0) || (navItemLevel < displayDepth))> 
130	    			<ul class="claim-list"> 
131	    				<@buildChildrenNavItems2 
132	    					displayDepth=displayDepth 
133	    					navItem=childNavigationItem 
134	    					navItemLevel=(navItemLevel + 1) 
135	    				/> 
136	    			</ul> 
137	    		</#if> 
138    		 
139    	</#list> 
140    </#macro> 
141	 
142 
143 
144	<@liferay_aui.script use="liferay-navigation-interaction"> 
145		var navigation = A.one('#${navbarId}'); 
146 
147		Liferay.Data.NAV_INTERACTION_LIST_SELECTOR = '.navbar-site'; 
148		Liferay.Data.NAV_LIST_SELECTOR = '.navbar-site'; 
149 
150		if (navigation) { 
151			navigation.plug(Liferay.NavigationInteraction); 
152
153	</@> 
154</#if> 
155 </div> 
156  </div> 
157  </div> 

Non-Life Insurers

What’s New

FAQs

Third Party Liability insurance is mandatory for all vehicles plying on public roads in India. This covers Liability for injuries and damages to others that you are responsible for. In addition, it is prudent to cover loss or damages to the vehicle itself by way of Comprehensive/Package policy, which covers both “Liability” as well as “Own damage” to the insured vehicle. Liability Only cover is also known as Act Only cover.

Many factors determine the premium you will pay. For Own Damage cover different insurance companies charge different premiums for similar coverage. Shop around; getting three or more comparison quotes is worthwhile. Check various insurers’s websites; it will help you compare premiums. Do not forget to compare deductibles, coverage and IDV’s as premium may be lesser of one insurer but with higher deductibles, lower coverage and lower IDV, which will adversely impact you in the event of claim settlement.

Be prepared to give your agent information about the following items that are commonly used to determine your premium: Vehicle registration details with Engine No., Chasis no., Class of vehicle, cubic capacity, seating capacity, etc. (In fact, all relevant details are in the RC book/card and a copy of same may be handed over) Tax paid details; Certificate of fitness, Driver details - age, gender, qualifications, licence validity Previous insurance history, if any.

The Own Damage coverage is left to be rated by individual insurance companies after duly filing rates with the Insurance Regulatory and Development Authority. The same is determined  on following factors amongst others -- Age of vehicle; Discounts / loadings- Appropriate Bonus / loading/ discounts along with past claims experience are taken into account while calculating premium. IDV (Insured Declared Value).

Third Party Liability Premium rates are laid down by IRDA.

In case of break in insurance, vehicle inspection would be required and extra charges will have to be incurred for the same.

The sum insured for the vehicle is called “Insured’s Declared Value” and should reflect the current market value of the vehicle. Under Liability insurance, Third Party Liability insurance is covered. There is unlimited coverage to Third parties injury and Third party property damage is covered up to a sum of Rs 7,50,000.

The Insured has the option to restrict coverage for Third Party Property damage to Rs 6,000 and this will result in a lower ”Liability Only” premium.

A motor policy is usually valid for a period of one year and has to be renewed before the due date. Pay the premium on time. No Insurer offers a grace period for paying the premium. In case of lapse of policy by even one day, the vehicle has to be inspected. Moreover, if a comprehensive policy is allowed to lapse for more than 90 days, the accrued benefit of NCB (No Claim Bonus) is also lost.

No Claim Bonus (NCB) is the benefit accrued to an insured for not making any claims during the previous policy period.  As per current norms in India, it ranges from 20% on the Own Damage premium (and not on Liability premium) and progressively increases to a maximum of 50%.

If, however, a claim is lodged, the No Claim Bonus is lost in the subsequent policy period.

NCB is given to the insured and not to the insured vehicle. Hence, on transfer of the vehicle, the insurance policy can be transferred to new owner but not the NCB. The new owner has to pay the difference on account of NCB for the balance policy period.The original owner can, however, use the NCB on a new vehicle purchased by him.

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