Comprehensive Commercial Vehicle Insurance Covers Goods Carrying Vehicles, Passenger Carrying Vehicles, Taxies, Miscellaneous class of vehicles such as Tractors, Cranes and Trailers.

Key Features

• Damage to your vehicle
• Legal Liability to Third Parties
• Personal Accident
• Wider Legal Liability for your Paid Driver
• Your Legal Liability to Employees

Key Features in Detail

Damage to your Vehicle: Providing protection for your vehicle from loss or damage caused by misfortunes such as impact, fire, theft, riot, strike, storm, flood, landslide, malicious act, and earthquake.

Legal Liability to Third Parties: Provides for the customers legal protection for death or injury from third parties, including passengers, and for damage to third party property up to a limit of Rs. 7.5 lakhs. Commercial Vehicle Insurance also includes cover for your legal costs and expenses agreed by Royal Sundaram.

Personal Accident: Providing for the Owner Driver a Capital Sum Insured of Rs.15 lakhs for death and related benefits for specified serious injuries whilst traveling in, mounting, or dismounting from the vehicle. Providing the options to insure named and unnamed occupants of the car for Personal Accident benefits for death and serious injuries.

Wider Legal Liability for your Paid Driver: On request Commercial Vehicle Insurance can provide for wider cover of your legal Liability to your Paid Driver at Common Law, over and above that offered as per the Workmen's Compensation Act.

Your Legal Liability to Employees: On request Commercial Vehicle Insurance can insure your legal liability to your employees traveling in or driving the vehicle.

Deductible: Car Shield includes a deductible of Rs.1,000 for cars not exceeding 1,500cc or Rs. 2,000 for cars exceeding 1,500cc. This means that you bear the first amount of each claim for loss or damage to your car. Car Shield gives you the opportunity to benefit from a premium discount by choosing to increase this deductible. The discount is allowed from the Loss or Damage section premium.

ADD-ON COVERS:

Damage to your Vehicle: We understand that your vehicle is one of your most valuable possessions and that it requires insurance that goes the extra mile. At Royal Sundaram, we now have a comprehensive Commercial Vehicle Insurance for you with optional add-on covers. Insurance that promises you peace of mind and helps you get back on the road in no time.

Commercial Vehicle

• Depreciation Waiver Cover
• Windshield Glass Cover
• Loss of Income
• EMI Protector
• Enhanced Personal Accident Cover

Above lists of Add-on covers are optional only. For detailed Add-on covers features please refer to the brochure which will be made available on request.

Disclaimer

Insurance is the subject matter of solicitation. The Commercial Vehicle Policy is underwritten and issued by Royal Sundaram General Insurance Co. Limited. Claims will be settled by Royal Sundaram General Insurance Co. Limited as per the terms and conditions of the policy. Please refer to the policy document for exact terms and conditions and specific details applicable to this Insurance. Your participation in this insurance product is purely on a voluntary basis. We advise you to take your own professional advice before you participate. The Royal Sundaram General Insurance Co. Limited, Passenger Carrying UIN: IRDAN102RP0007V02201617 Goods Carrying UIN: IRDAN102P0005V02201617 Miscellaneous Vehicle UIN: IRDAN102RP0006V02201617 product of Royal Sundaram is approved by IRDAI.

City Union Bank is Registered with Insurance Regulatory and Development Authority of India bearing Registration Number CA0023 is the corporate agent of Royal Sundaram General Insurance Co. Limited and does not underwrite the risk or act as an insurer. Registered Address: 149, TSR Big Street, Kumbakonam 612001. Participation by the clients of City Union Bank in the insurance product is purely on voluntary basis. The Contract of Insurance is between Royal Sundaram General Insurance Co. Limited and the insured and not between City Union Bank and the insured.

The contract of insurance is between the insurer and the insured and not between the Bank and the insured. Bank does not give any warranty, as to the accuracy and completeness of the policies. Bank does not accept any liability or losses attributable to your contract of Insurance. Participation by the Bank’s customers in the insurance products is purely on a voluntary basis and is not linked to availment of any other facility from the bank.

BEWARE OF SPURIOUS PHONE CALLS & FICTITIOUS / FRAUDULENT OFFERS

• IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
• SECTION 41 OF THE INSURANCE ACT 1938, as amended by the Insurance Laws (Amendment) Act 2015 - PROHIBITION OF REBATES
• • 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 prospectus or tables of the Insurer.
• • Any person making default in complying with the provisions of this section shall be liable for penalty which may extend to ten lakh rupees.

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