{"uin":"IRDAN123RP0008V02100001","name":"Motor Trade - Road Transit Risks Only Policy","url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001","insurer":{"slug":"cholamandalam-ms-general-insurance","name":"Cholamandalam MS General Insurance Company Limited","url":"https://indiainsurances.com/insurer/cholamandalam-ms-general-insurance"},"line":"general","category":"motor-commercial","category_name":"Commercial vehicle insurance","irdai_type":null,"kind":"product","status":"active","approved_on":null,"withdrawn_on":null,"summary":"This is a motor trade road transit risks policy with own-damage cover up to IDV, third-party liability cover and trailer extension for one year. It covers Section II(i) in India and other sections within 80 or 120 kilometers from the insured's address as opted.","analysis":{"state":"machine","analysed_at":"2026-10-20 02:57:56.010064+00","note":"First pass: one AI reading; every stated fact carries a verbatim quote found in the cited clause, but it has not been reviewed. Check the clause before relying on it."},"facts":[{"key":"plan_variants","label":"Plans and variants","section":"Overview","meaning":"The named plans inside this product (not cover types or payout options). Facts can differ between them.","status":"not-stated","value":null,"display":null,"note":"No named plan variants are stated.","quote":null,"sources":[],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"quote-verified","value":"The CIS lists a one-year policy period for Section I, Section II and Section III.","display":"One year","note":"For Section I, the one-year period is described as applying whilst the insured vehicle is in a public place or temporarily garaged during a journey elsewhere than in or on premises owned or occupied by the insured.","quote":"Section I - Loss or damage to the vehicle insured : We will indemnify you against loss or damage to vehicle insured and/or its accessories caused by fire, explosion, self-ignition or lightning, burglary, housebreaking or theft, riot and strike, earthquake (fire and shock damage), flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, accidental external means, malicious act, terrorist activity, landslide, rockslide or whilst in transit by road, rail, inland waterway lift, elevator or air. | One year whilst insured vehicle is in a public place or is temporarily garaged during the course of a journey elsewhere than in or on any premises owned by or in the occupation of the insured ... Section II Liability to Third parties: We will indemnify you for accident caused by or arising out of the use of the vehicle insured against all sums including claimant's costs and expenses which you will become legally liable for:- (i) death of or bodily injury to any person caused by or arising out of the use (including the loading and/or unloading) of the vehicle. (i) damage to property caused by the use (including the loading and/or unloading) of the vehicle | One year ... Section III - Trailers | One year","sources":[{"clause":"2(b)(ii)","heading":null,"page":1,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4711#c-2-b-ii"}],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"quote-verified","value":"Notice must be given in writing to the company immediately upon any accidental loss or damage; claim letters, writs, summons or process must be forwarded immediately. Theft or other criminal acts also require immediate notice to the Police.","display":"Immediately, in writing; theft or criminal act also to Police immediately","note":null,"quote":"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 shall require. Every letter claim writ summons and/or process shall be forwarded to the Company immediately on receipt by the insured. Notice shall also be given in writing to the Company immediately the insured shall have knowledge of any impending Prosecution Inquest or Fatal Inquiry in respect of any occurrence which may give rise to a claim under this policy. 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 cooperate with the Company in securing the conviction of the offender.","sources":[{"clause":null,"heading":"CONDITIONS","page":5,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-conditions"}],"law":[{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 20, 21","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_documents","label":"Claim documents","section":"Claims","meaning":"Documents the insurer asks for when you claim.","status":"quote-verified","value":["Registration Certificate of the Vehicle","Driving License of the Driver","Claim Form detailing the damage of the insured vehicle","Driving license","Fitness","FIR","Un traced report","Fire brigade report","Post Mortem Report","Books of accounts","Repair / replacement bill","Any other documents directly related to claim settlement","Accident details including the names of the injured person if applicable","FIR, Police Panchanama, Police charge sheet","MLC/AR (Medico Legal certificate / Accident Register)","MVI (Motor Vehicle Inspection Report)","Permit/Route Permit","photographs, Police reports, medical records, Employment/income proof of injured/deceased third party, Age proof of victim/claimant"],"display":"Registration Certificate, Driving License, claim form, fitness, FIR and other claim-related documents","note":"The CIS separates OD claim documents and TP claim documents.","quote":"During the spot survey, the customer is expected to keep the following documents ready with him:- ... a) Registration Certificate of the Vehicle ... b) Driving License of the Driver\nb. Driving License of the Driver\nb. Driving License of the Driver\n2. List of claim Documents to be submitted by the insured: -\n2. List of claim Documents to be submitted by the insured: -\n2. List of claim Documents to be submitted by the insured: -\n1. Claim Form detailing the damage of the insured vehicle\n1. Claim Form detailing the damage of the insured vehicle\n1. Claim Form detailing the damage of the insured vehicle\n2. Driving license\n2. Driving license\n2. Driving license\n3. Fitness\n3. Fitness\n3. Fitness\n4. FIR\n4. FIR\n4. FIR\n5. Un traced report\n5. Un traced report\n5. Un traced report\n6. Fire brigade report\n6. Fire brigade report\n6. Fire brigade report\n7. Post Mortem Report ... 8. Books of accounts ... 9. Repair / replacement bill ... 10. Any other documents directly related to claim settlement ... 11. Accident details including the names of the injured person if applicable ... A. List of claim Documents to be submitted : - A. List of claim Documents to be submitted : - A. List of claim Documents to be submitted : -\n1. Claim Form\n1. Claim Form\n1. Claim Form\n2. Driving license\n2. Driving license\n2. Driving license\n3. Fitness\n3. Fitness\n3. Fitness\n4. FIR, Police Panchanama, Police charge sheet\n4. FIR, Police Panchanama, Police charge sheet\n4. FIR, Police Panchanama, Police charge sheet ... 5. Post Mortem Report\n5. Post Mortem Report\n5. Post Mortem Report\n6. MLC/AR (Medico Legal certificate / Accident Register)\n6. MLC/AR (Medico Legal certificate / Accident Register)\n6. MLC/AR (Medico Legal certificate / Accident Register)\n7. MVI (Motor Vehicle Inspection Report)\n7. MVI (Motor Vehicle Inspection Report)\n7. MVI (Motor Vehicle Inspection Report)\n8. Repair / replacement bill\n8. Repair / replacement bill\n8. Repair / replacement bill\n9. Permit/Route Permit\n9. Permit/Route Permit\n9. Permit/Route Permit\n10. Any other documents directly related to claim settlement\n10. Any other documents directly related to claim settlement\n10. Any other documents directly related to claim settlement\n11. Accident details including the names of the injured person\n11. Accident details including the names of the injured person\n11. Accident details including the names of the injured person ... The claimant should gather and document evidence to support the claim - like photographs, Police reports, medical records, Employment/income proof of injured/deceased third party, Age proof of victim/claimant","sources":[{"clause":null,"heading":"Details of OD Claims procedure (Processing)","page":6,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4711#c-details-of-od-claims-procedure-processing"},{"clause":"6(a)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4711#c-6-a-12"},{"clause":"6(b)","heading":null,"page":7,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4711#c-6-b-4"},{"clause":"8","heading":"Books of accounts","page":7,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4711#c-8"},{"clause":"9","heading":"Repair / replacement bill","page":7,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4711#c-9"},{"clause":"10","heading":"Any other documents directly related to claim settlement","page":7,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4711#c-10"},{"clause":"11","heading":"Accident details including the names of the injured person if applicable","page":7,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4711#c-11"},{"clause":null,"heading":"TP Claims process","page":7,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4711#c-tp-claims-process"},{"clause":null,"heading":"Documentation to be submitted by claimant:-","page":8,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4711#c-documentation-to-be-submitted-by-claimant"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 17","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 23","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_settlement_time","label":"Claim settlement time promised","section":"Claims","meaning":"How quickly the policy says a claim is decided or paid, and from when that is counted (intimation or last document).","status":"quote-verified","value":"Initial survey is within 24 hours from claim intimation; survey report is obtained within 15 days of allocation; claim approval or rejection after receiving the survey report is within 7 days from receipt of the survey report with all relevant claim documents.","display":"Initial survey within 24 hours; survey report within 15 days; approval/rejection within 7 days from receipt of survey report with all relevant claim documents","note":null,"quote":"Initial Survey | Within 24 hours from the time of intimation of claim to Chola MS\nInitial Survey | Within 24 hours from the time of intimation of claim to Chola MS\nInitial Survey | Within 24 hours from the time of intimation of claim to Chola MS\nInitial Survey | Within 24 hours from the time of intimation of claim to Chola MS\nObtaining Survey report by Chola MS | Within 15 days of allocation\nObtaining Survey report by Chola MS | Within 15 days of allocation\nObtaining Survey report by Chola MS | Within 15 days of allocation\nObtaining Survey report by Chola MS | Within 15 days of allocation\nApproval /Rejection of Claim after receiving first/addendum survey report | With 7 days from the date of receipt of Survey Report with all relevant claim documents.","sources":[{"clause":null,"heading":"TAT (Turnaround time for settlement of claim)","page":7,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4711#c-tat-turnaround-time-for-settlement-of-claim"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 64UM(4) to (6)","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 10","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 15","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 16","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(i), V.3(ii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 23","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"exclusions_main","label":"Main exclusions","section":"Exclusions","meaning":"What the policy does not pay for, in the policy's own words.","status":"quote-verified","value":["consequential loss, depreciation, wear and tear, mechanical or electrical breakdown, failures or breakage's","damage caused by overloading or strain","damage to tyres and tubes unless the vehicle insured is damaged at the same time","under the influence of intoxicating liquor or drugs","outside the geographical area","any claim arising out of any contractual liability","being used otherwise than in accordance with the „Limitations as to Use‟","being driven by or is for the purpose of being driven by him in the charge of any person other than a driver","ionising radiations or contamination by radioactivity","nuclear weapons material","war, invasion, the act of foreign enemies, hostilities or war like operations"],"display":"Consequential loss, wear and tear, breakdown, tyre/tube damage unless vehicle is also damaged, drunk driving, outside geographical area, contractual liability, non-permitted use, nuclear risks and war risks","note":null,"quote":"a) consequential loss, depreciation, wear and tear, mechanical or electrical breakdown, failures or breakage's nor for damage caused by overloading or strain nor for loss or damage to accessories by burglary, housebreaking or theft unless the vehicle insured is stolen at the same time ... b) damage to tyres and tubes unless the vehicle insured is damaged at the same time in which case the liability of the Company is limited to 50% of the cost of the replacement. and ... 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. ... 1) any accidental loss damage and/or liability caused sustained or incurred outside the geographical area\n2) any claim arising out of any contractual liability\n3) any accidental loss damage and/or liability caused sustained or incurred whilst the vehicle insured herein is\na) being used otherwise than in accordance with the „Limitations as to Use‟ or\nb) being driven by or is for the purpose of being driven by him in the charge of any person other than a driver ... (b) any liability of whatsoever nature directly or indirectly caused by or contributed to 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. ... 5) any accidental loss damage or liability directly or indirectly caused by or contributed to by or arising from nuclear weapons material. ... war, invasion, the act of foreign enemies, hostilities or war like operations","sources":[{"clause":"5(a)","heading":null,"page":2,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-5-a"},{"clause":"5(b)","heading":null,"page":2,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-5-b"},{"clause":"5(c)","heading":null,"page":2,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-5-c"},{"clause":null,"heading":"GENERAL EXCEPTIONS","page":4,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-general-exceptions"},{"clause":"4","heading":null,"page":4,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-4-3"},{"clause":"6","heading":null,"page":4,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-6"}],"law":[{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 11","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 16","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grievance","label":"Grievance route","section":"Claims","meaning":"Who to complain to first, as stated in the policy, before going to the Insurance Ombudsman.","status":"quote-verified","value":"First complain to the insurer's Grievance Redressal Officer by post, email, toll-free number or branch grievance cell; if not satisfied, contact GRO@cholams.murugappa.com before going to IRDAI or Ombudsman.","display":"Grievance Redressal Officer, Manager Customer Care, Chola MS, toll-free 1800 208 5544 or customercare@cholams.murugappa.com; escalation to GRO@cholams.murugappa.com","note":null,"quote":"You can send Your grievance in writing by post or email to Our Grievance Redressal Officer at the following address or call our Toll Free @1800 208 5544 or email to customercare@cholams.murugappa.com call our Toll Free @1800 208 5544 or email to customercare@cholams.murugappa.com\nCourier/Post : Manager, Customer Care Cholamandalam MS General Insurance Company Limited, Hari Nivas Towers, First Floor, #163, Thambu Chetty Street, Parry's Corner, Chennai - 600 001. Parry's Corner, Chennai - 600 001.\nYou may also approach the grievance cell at any of the company’s branches with the details of grievance. If You are not satisfied with the redressal of grievance through one of the above methods, You may contact the grievance officer at GRO@cholams.murugappa.com.","sources":[{"clause":null,"heading":"1. Our Grievance Redressal Officer","page":17,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-1-our-grievance-redressal-officer"}],"law":[{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 3","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 4","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 5","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(11)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(42)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 34","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 69","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Insurance Act, 1938","section":"Section 38","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 12","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 19","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 20","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 13","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(5), 5(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(9)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 25","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 26","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 11","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"Review of revision in premium rates under health insurance policies for senior citizens, 2025","section":"Para 3","url":"https://indiainsurances.com/law/irdai-senior-premium-2025"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 13","url":"https://indiainsurances.com/law/ombudsman-rules-2017"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 14","url":"https://indiainsurances.com/law/ombudsman-rules-2017"}]},{"key":"perils","label":"What is covered","section":"Cover","meaning":"The events or risks covered.","status":"quote-verified","value":["fire explosion, self-ignition or lightning","burglary, housebreaking or theft","riot and strike","earthquake (fire and shock damage)","flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost","accidental external means","malicious act","terrorist activity","whilst in transit by road, rail, inland waterway lift, elevator or air","landslide, rockslide","Death of or bodily injury to any person caused by or arising out of the use","Damage to property caused by the use"],"display":"Fire, theft, riot and strike, earthquake, flood/storm perils, accidental external means, malicious act, terrorist activity, transit, landslide/rockslide and third-party death, injury or property damage","note":null,"quote":"The Company will indemnify the insured against loss or damage to the vehicle insured hereunder and/or its accessories whilst thereon:\ni) by fire explosion, self-ignition or lightning;\nii) by burglary, housebreaking or theft;\niii) by riot and strike;\niv) by earthquake (fire and shock damage);\nv) by flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost;\nvi) by accidental external means;\nvii) by malicious act;\nviii) by terrorist activity;\nix) whilst in transit by road, rail, inland waterway lift, elevator or air;\nx) by landslide, rockslide ... i) Death of or bodily injury to any person caused by or arising out of the use (including the loading and/or unloading) of the vehicle. ... ii) Damage to property caused by the use (including the loading and/or unloading) of the vehicle.","sources":[{"clause":"1","heading":null,"page":1,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-1"},{"clause":"1(i)","heading":null,"page":3,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-1-i"},{"clause":"1(ii)","heading":null,"page":3,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-1-ii"}],"law":[]},{"key":"cancellation_refund","label":"Cancellation by you","section":"Renewal and rights","meaning":"What you get back if you cancel during the year.","status":"quote-verified","value":"The insured may cancel at any time by informing the company. On cancellation, proportionate premium for the unexpired policy period is refunded if no claim has been made; for double insurance, the later policy can receive 100% refund as stated, and TP liability cannot be cancelled except for double insurance or total loss.","display":"Proportionate premium for unexpired policy period if no claim; 100% refund for later Chola MS policy in double insurance","note":null,"quote":"The policy may be cancelled at any time by the insured for any reason by informing the Company. The\nCompany can cancel the policy only on the grounds of established fraud, by sending seven days’ notice by recorded delivery to the insured at insured’s last known address. In the event of cancellation, the Company will i) Refund proportionate premium for unexpired policy period, provided there is no claim (s) made during the policy period. ii) However under no circumstances, the company can cancel the Motor Third Party Liability Section except in case of double insurance or Total Loss of the insured vehicle. ... 1. | If double insurance (both | 100% refund in the policy commencing later (Risk start\npolicies) is with Chola MS | date (RSD) is later) ... • 100% refund under Chola MS policy if policy is\none policy is with Chola MS | commencing later (RSD is later)","sources":[{"clause":null,"heading":"CONDITIONS","page":5,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-conditions"},{"clause":"Row 1","heading":"If double insurance (both","page":6,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-row-1"},{"clause":"Row 2","heading":"2.","page":6,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-row-2"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 64VB","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 8","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 6","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 17","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(3) to 20(5)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, IV.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, IV.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"territory","label":"Where it covers","section":"Overview","meaning":"Geographic area of cover: India only, worldwide, or listed countries. 'As stated in the schedule' is not an answer.","status":"quote-verified","value":"For this Motor Trade Class F road risk policy, Section II(i) applies in India; all other sections apply within a radius of 80 or 120 kilometers from the insured's address as opted for and premium paid.","display":"Section II(i): INDIA; all other sections: within 80 or 120 km from insured's address","note":null,"quote":"It is hereby declared and agreed that notwithstanding anything contained herein to the contrary that in respect of any new vehicle and/or chassis bearing a Trade Certificate Number specified in the Schedule of the policy, the Geographical Area for the purpose of this Policy shall be as defined hereunder and not as stated in the Schedule hereto. ... Under Section II - (i) ---- INDIA Under all other Sections - Within a radius of .......* kilometers from the insured's address as stated in the Schedule hereto.\nSubject otherwise to the terms conditions limitations and exceptions of this Policy.\n* to insert ‘80’ or ‘120’ as opted for by insured and premium paid accordingly.","sources":[{"clause":null,"heading":"IMT.41 Motor Trade Policy - Class `F' - Road Risk only","page":14,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-imt-41-motor-trade-policy-class-f-road-risk-only"},{"clause":null,"heading":"Geographical Area","page":14,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-geographical-area"}],"law":[]},{"key":"cover_types","label":"Cover types","section":"Cover","meaning":"Comprehensive, standalone own damage, third-party only.","status":"quote-verified","value":["comprehensive product"],"display":"Comprehensive product","note":"The product also includes Section III - Trailers in the policy coverage.","quote":"This is a comprehensive product which offers insurance coverage to your vehicle). ... Section I - Loss or damage to the vehicle insured: Indemnity with deduction for depreciation\nSection II - Liability to Third Parties (TP) Personal Liability: Indemnity Section II - Liability to Third Parties (TP) Personal Liability: Indemnity Property damage: Indemnity Property damage: Indemnity","sources":[{"clause":null,"heading":null,"page":1,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4711#c-s4"}],"law":[]},{"key":"third_party","label":"Third-party liability","section":"Cover","meaning":"Compulsory cover for injury, death or property damage to others. Unlimited for death and injury.","status":"quote-verified","value":"The policy covers third-party liability for death or bodily injury and damage to property caused by use of the vehicle. The CIS states third-party property damage is up to Rs.7.50 lacs.","display":"Covers death or bodily injury to any person and third-party property damage up to Rs.7.50 lacs","note":"The policy wording says third-party liability is subject to the limits in the Schedule; the CIS prints the property-damage limit.","quote":"Subject to the limits of liability as laid down in the Schedule hereto the Company will indemnify the insured in the event of an accident caused by or arising out of the use of the vehicle against all sums including claimant's costs and expenses which the insured shall become legally liable to pay in respect of: ... i) Death of or bodily injury to any person caused by or arising out of the use (including the loading and/or unloading) of the vehicle. ... ii) Damage to property caused by the use (including the loading and/or unloading) of the vehicle. ... 1. For damages to property of the third party – Upto Rs.7.50 lacs","sources":[{"clause":"1","heading":null,"page":3,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-1-2"},{"clause":"1(i)","heading":null,"page":3,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-1-i"},{"clause":"1(ii)","heading":null,"page":3,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-1-ii"},{"clause":"1","heading":"For damages to property of the third party – Upto Rs.7.50 lacs","page":1,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4711#c-1"}],"law":[{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 8","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch V, I, Paras 1 to 4","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch V, I, Para 7","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, IV.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 146","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 147","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 150","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 157","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 164","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 161","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 166(3)","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 162","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"idv","label":"Insured declared value (IDV)","section":"Cover","meaning":"The vehicle's insured value: maximum paid for theft or total loss.","status":"quote-verified","value":"The Insured's Declared Value is deemed to be the sum insured and is fixed at the commencement of each policy period. It is based on the manufacturer's listed selling price of the brand and model at commencement or renewal, adjusted for depreciation, and the insurer's liability for TL/CTL cannot exceed the IDV in the schedule less wreck value.","display":"IDV is the sum insured, fixed at policy commencement from manufacturer's listed selling price less depreciation","note":null,"quote":"The Insured's Declared Value (IDV) of the vehicle will be deemed to be the 'SUM INSURED' for the purpose of this tariff and it will be fixed at the commencement of each policy period for each insured vehicle.\nThe IDV of the vehicle is to be fixed on the basis of manufacturers' listed selling price of the brand and model as the vehicle proposed for insurance at the commencement of insurance /renewal, and adjusted for depreciation (as per schedule specified below). ... IDV shall be treated as the „Market Value‟ throughout the policy period without any further depreciation for the purpose of Total Loss (TL)/ Constructive Total Loss (CTL) claims. For the purpose of TL/CTL claim settlement this IDV will not change during the currency of the policy period in question. It is clearly understood that the liability of the insurer shall in no case exceed the IDV as specified in the policy schedule less the value of the wreck, in 'as is where is' condition.","sources":[{"clause":null,"heading":"Insured's Declared Value (IDV)","page":2,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-insured-s-declared-value-idv"},{"clause":"Schedule OF","heading":"DEPRECIATION FOR ARRIVING AT IDV","page":2,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-schedule-of"}],"law":[]},{"key":"depreciation","label":"Depreciation on parts","section":"Limits and co-pay","meaning":"How much of the cost of replaced parts you bear because of age (unless you have zero depreciation).","status":"quote-verified","value":"For parts replaced, depreciation is 50% for rubber/nylon/plastic parts, tyres, tubes, batteries and air bags; 30% for fibre glass components; nil for glass; and for other parts including wooden parts, nil up to 6 months, 5% up to 1 year, 10% up to 2 years, 15% up to 3 years, 25% up to 4 years, 35% up to 5 years, 40% up to 10 years and 50% above 10 years. Painting depreciation is 50% on material cost, with material treated as 25% of total painting charges if the bill is consolidated.","display":"50% rubber/nylon/plastic/tyres/tubes/batteries/air bags; 30% fibre glass; nil glass; other parts 0% to 50% by vehicle age; painting 50% on material cost","note":null,"quote":"Subject to a deduction for depreciation at the rates mentioned below in respect of parts replaced:\n1. For all rubber/nylon/plastic parts, tyres, tubes, batteries and air bags - | 50%\n2. For fibre glass components | - | 30%\n3. For all parts made of glass | - | Nil ... AGE OF VEHICLE | % OF DEPRECIATION\nNot exceeding 6 months | Nil\nExceeding 6 months but not exceeding 1 year | 5%\nExceeding 1 year but not exceeding 2 years | 10%\nExceeding 2 years but not exceeding 3 years | 15%\nExceeding 3 years but not exceeding 4 years | 25%\nExceeding 4 years but not exceeding 5 years | 35%\nExceeding 5 years but not exceeding 10 years | 40%\nExceeding 10 years | 50% ... 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","sources":[{"clause":"1","heading":null,"page":1,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-1"},{"clause":"4","heading":null,"page":1,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-4"},{"clause":"5","heading":"Rate of Depreciation for Painting","page":1,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-5"}],"law":[]},{"key":"ncb","label":"No-claim bonus","section":"Cover","meaning":"Discount on own-damage premium for claim-free years (20% to 50%).","status":"not-stated","value":null,"display":null,"note":"The CIS mentions NCB being based on representation and absence of claim under the previous policy, but no no-claim bonus discount scale is printed.","quote":null,"sources":[],"law":[]},{"key":"compulsory_deductible","label":"Compulsory deductible","section":"Limits and co-pay","meaning":"Fixed amount you pay on every own-damage claim.","status":"quote-verified","value":"Compulsory deductible applies only to Section I. For trade vehicles, the deductible is Rs.50 for two-wheelers and Rs.500 for others.","display":"Section I only: Rs.50 for twowheelers and Rs.500 for others","note":null,"quote":"Compulsory deductible:- Compulsory Deductible is applicable only for Section-I of the Policy. A deductible is the amount that you have to pay per claim before we pay for the rest. The deductible for Trade Vehicles: - Rs.50/-for twowheelers and Rs.500/- for others.","sources":[{"clause":"2(b)(ii)","heading":null,"page":1,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4711#c-2-b-ii"}],"law":[]},{"key":"deductible","label":"Voluntary deductible","section":"Limits and co-pay","meaning":"An extra amount per claim you choose to bear for a lower premium.","status":"not-stated","value":null,"display":null,"note":"The documents state a deductible/compulsory deductible, but do not state a voluntary deductible chosen for a lower premium.","quote":null,"sources":[],"law":[]},{"key":"pa_owner_driver","label":"Personal accident cover for owner-driver","section":"Cover","meaning":"Compulsory PA cover for the owner-driver.","status":"not-stated","value":null,"display":null,"note":"The documents refer to Personal Accident Cover for owner-driver in endorsements, but do not state compulsory PA cover terms or sum insured for this product.","quote":null,"sources":[],"law":[{"title":"Enhancement of Capital Sum Insured in Compulsory Personal Accident Cover for Owner-Driver under Motor Insurance Policies","section":"Para 4(i) to (iii)","url":"https://indiainsurances.com/law/irdai-motor-cpa-2018"},{"title":"Compulsory Personal Accident Insurance for Owner-Driver under Motor Insurance","section":"Paras 1 and 2","url":"https://indiainsurances.com/law/irdai-motor-cpa-choice-2018"},{"title":"Cover for Compulsory Personal Accident (CPA) for Owner-Driver under Motor Insurance Policies","section":"Para 3","url":"https://indiainsurances.com/law/irdai-motor-cpa-standalone-2018"},{"title":"Cover for Compulsory Personal Accident (CPA) for Owner-Driver under Motor Insurance Policies","section":"Para 4(iv) to (viii)","url":"https://indiainsurances.com/law/irdai-motor-cpa-standalone-2018"}]},{"key":"addons","label":"Add-ons offered","section":"Cover","meaning":"Zero depreciation, engine protect, return to invoice, roadside assistance, consumables...","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"cashless_garages","label":"Cashless garages","section":"Claims","meaning":"Whether repairs can be cashless at network garages.","status":"quote-verified","value":"Cashless repair is available at network garages tied up with Chola MS PAN India. The insured need not pay the repair amount from pocket except depreciation, non-accident-related repair and policy excess; the claim amount is paid directly to the network garage.","display":"Yes, at Chola MS network garages PAN India","note":null,"quote":"If the vehicle is repaired at the network garages with whom Chola MS had tied up PAN India, the insured\n4. If the vehicle is repaired at the network garages with whom Chola MS had tied up PAN India, the insured\n4. If the vehicle is repaired at the network garages with whom Chola MS had tied up PAN India, the insured need not pay the amount for repairs from his pocket excluding depreciation, non-accident related portion need not pay the amount for repairs from his pocket excluding depreciation, non-accident related portion need not pay the amount for repairs from his pocket excluding depreciation, non-accident related portion repair and policy excess as applicable. repair and policy excess as applicable. repair and policy excess as applicable. ... The insurance claim amount will be paid by Chola MS directly to the network garage.","sources":[{"clause":"11","heading":"Accident details including the names of the injured person if applicable","page":7,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4711#c-11"}],"law":[]},{"key":"motor_exclusions","label":"Main motor exclusions","section":"Exclusions","meaning":"No valid licence, drunk driving, use outside the permitted purpose, wear and tear...","status":"quote-verified","value":["consequential loss, depreciation, wear and tear, mechanical or electrical breakdown, failures or breakage's","damage caused by overloading or strain","damage to tyres and tubes unless the vehicle insured is damaged at the same time","under the influence of intoxicating liquor or drugs","being used otherwise than in accordance with the „Limitations as to Use‟","being driven by or is for the purpose of being driven by him in the charge of any person other than a driver","Keys Left in the vehicle","Theft due to giving Lift to unknown persons","Driver/employees willful act(sec-406)","Fraudulent means are adopted for settlement of claim","does not hold an effective driving license","vehicle is driven before the necessary repairs are effected","Mechanical failure / Wear & Tear / Rusted / Corrosions / accumulated / multiple scratches & damages / cosmetic loss / damages"],"display":"Wear and tear, breakdown, overloading, tyre/tube-only damage, drunk driving, non-permitted use, invalid driver/licence, gross negligence, fraud and mechanical/cosmetic losses","note":null,"quote":"a) consequential loss, depreciation, wear and tear, mechanical or electrical breakdown, failures or breakage's nor for damage caused by overloading or strain nor for loss or damage to accessories by burglary, housebreaking or theft unless the vehicle insured is stolen at the same time ... b) damage to tyres and tubes unless the vehicle insured is damaged at the same time in which case the liability of the Company is limited to 50% of the cost of the replacement. and ... 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. ... a) being used otherwise than in accordance with the „Limitations as to Use‟ or\nb) being driven by or is for the purpose of being driven by him in the charge of any person other than a driver ... • Keys Left in the vehicle\n• Keys Left in the vehicle\n• Theft due to giving Lift to unknown persons\n• Theft due to giving Lift to unknown persons ... • Driver/employees willful act(sec-406) ... b) If Fraudulent means are adopted for settlement of claim. ... d) If the insured /driver / user does not hold an effective driving license at the time of the accident and is ... e) If the vehicle is driven before the necessary repairs are effected. Any extension of the damage or any ... f) Cause of loss is not covered under the standard policy conditions. E.g. Mechanical failure / Wear & Tear / Rusted / Corrosions / accumulated / multiple scratches & damages / cosmetic loss / damages.","sources":[{"clause":"5(a)","heading":null,"page":2,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-5-a"},{"clause":"5(b)","heading":null,"page":2,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-5-b"},{"clause":"5(c)","heading":null,"page":2,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-5-c"},{"clause":null,"heading":"GENERAL EXCEPTIONS","page":4,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-general-exceptions"},{"clause":"6(a)","heading":null,"page":5,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4711#c-6-a-6"},{"clause":"6(b)","heading":"If Fraudulent","page":5,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4711#c-6-b-3"},{"clause":"6(d)","heading":null,"page":5,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4711#c-6-d"},{"clause":"6(e)","heading":null,"page":5,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4711#c-6-e"},{"clause":"6(f)","heading":null,"page":5,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4711#c-6-f"}],"law":[]},{"key":"sum_insured_basis","label":"Sum insured basis","section":"Cover","meaning":"How the cover amount is set: market value, reinstatement value, agreed value, IDV.","status":"quote-verified","value":"The cover amount is on IDV basis. The IDV is deemed the sum insured, fixed at commencement of each policy period, based on the manufacturer's listed selling price adjusted for depreciation, and treated as market value throughout the policy period for TL/CTL claims.","display":"IDV basis, treated as Market Value for TL/CTL","note":null,"quote":"The Insured's Declared Value (IDV) of the vehicle will be deemed to be the 'SUM INSURED' for the purpose of this tariff and it will be fixed at the commencement of each policy period for each insured vehicle.\nThe IDV of the vehicle is to be fixed on the basis of manufacturers' listed selling price of the brand and model as the vehicle proposed for insurance at the commencement of insurance /renewal, and adjusted for depreciation (as per schedule specified below). ... IDV shall be treated as the „Market Value‟ throughout the policy period without any further depreciation for the purpose of Total Loss (TL)/ Constructive Total Loss (CTL) claims.","sources":[{"clause":null,"heading":"Insured's Declared Value (IDV)","page":2,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-insured-s-declared-value-idv"},{"clause":"Schedule OF","heading":"DEPRECIATION FOR ARRIVING AT IDV","page":2,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770#c-schedule-of"}],"law":[]}],"documents":[{"kind":"wording","label":"08 Policy wording Motor Trade Package-Road Transit Risks.pdf","pages":20,"fetched_at":"2026-10-17 19:37:26+00","source_url":"https://www.cholainsurance.com/documents/20121/o/08%20Policy%20wording%20Motor%20Trade%20Package-Road%20Transit%20Risks.pdf/e90fe7b0-dd27-9beb-4fbf-c023c7dace80","url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4770"},{"kind":"prospectus","label":"Prospectus - Motor Trade Package-Road Transit Risks Only Policy.pdf","pages":3,"fetched_at":"2026-10-17 19:36:17+00","source_url":"https://www.cholainsurance.com/documents/20121/o/Prospectus%20-%20Motor%20Trade%20Package-Road%20Transit%20Risks%20Only%20Policy.pdf/db0abbab-1079-7fc5-d435-f0369715825f","url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4719"},{"kind":"cis","label":"CIS-Motor Trade-Road Transit risk Package Policy.pdf","pages":9,"fetched_at":"2026-10-17 19:36:04+00","source_url":"https://www.cholainsurance.com/documents/20121/o/CIS-Motor%20Trade-Road%20Transit%20risk%20Package%20Policy.pdf/e39005a5-ec0a-2df1-9465-2e7324094825","url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001/document/4711"}],"versions":[],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"Cholamandalam MS General Insurance official website","url":"https://www.cholainsurance.com","note":"Website as listed by IRDAI. Not checked: the site returned HTTP 502 to our crawler on 2026-10-19."},{"purpose":"buy","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"claims_and_complaints":[{"purpose":"claim","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"grievance","kind":"official","name":"Bima Bharosa (IRDAI grievance portal)","url":"https://bimabharosa.irdai.gov.in/","note":"Register and track a complaint against any insurer with IRDAI. Complain to the insurer first; escalate here if the reply is late or unsatisfactory."},{"purpose":"grievance","kind":"official","name":"e-Daakhil (consumer commission e-filing)","url":"https://edaakhil.nic.in/","note":"Not reachable from our crawler on 2026-10-19; use e-Jagriti if this link does not open."},{"purpose":"grievance","kind":"official","name":"e-Jagriti (consumer commission filing)","url":"https://e-jagriti.gov.in/","note":"Ministry of Consumer Affairs platform for consumer commission cases, a route for insurance disputes that the Ombudsman does not settle."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Ahmedabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Gujarat, Dadra & Nagar Haveli, Daman and Diu. Email: oio.ahmedabad@cioins.co.in. Phone: 079 - 25501201/02. Address: Office of the Insurance Ombudsman, Jeevan Prakash Building, 6th floor, Tilak Marg, Relief Road, AHMEDABAD – 380 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bengaluru","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Karnataka. Email: oio.bengaluru@cioins.co.in. Phone: 080 - 26652048 / 26652049. Address: Office of the Insurance Ombudsman, Jeevan Soudha Building,PID No. 57-27-N-19 Ground Floor, 19/19, 24th Main Road, JP Nagar, Ist Phase, Bengaluru – 560 078."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhopal","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Madhya Pradesh, Chhattisgarh. Email: oio.bhopal@cioins.co.in. Phone: 0755 - 2769201 / 2769202 / 2769203. Address: Office of the Insurance Ombudsman, 1st floor,\"Jeevan Shikha\", 60-B,Hoshangabad Road, Opp. Gayatri Mandir,Arera Hills Bhopal – 462 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhubaneswar","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Odisha. Email: oio.bhubaneswar@cioins.co.in. Phone: 0674 - 2596461 /2596455/2596429/2596003. Address: Office of the Insurance Ombudsman, 62, Forest park, Bhubaneswar – 751 009."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chandigarh","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Punjab, Haryana (excluding Gurugram, Faridabad, Sonepat and Bahadurgarh), Himachal Pradesh, Union Territories of Jammu & Kashmir,Ladakh & Chandigarh. Email: oio.chandigarh@cioins.co.in. Phone: 0172-2706468. Address: Office Of The Insurance Ombudsman, Jeevan Deep Building SCO 20-27, Ground Floor Sector- 17 A, Chandigarh – 160 017."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chennai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Tamil Nadu, PuducherryTown and Karaikal (which are part of Puducherry). Email: oio.chennai@cioins.co.in. Phone: 044 - 24333668 / 24333678. Address: Office of the Insurance Ombudsman, Fatima Akhtar Court, 4th Floor, 453, Anna Salai, Teynampet, CHENNAI – 600 018."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Delhi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Delhi & following Districts of Haryana - Gurugram, Faridabad, Sonepat & Bahadurgarh. Email: oio.delhi@cioins.co.in. Phone: 011 - 46013992/23213504/23232481. Address: Office of the Insurance Ombudsman, 2/2 A, Universal Insurance Building, Asaf Ali Road, New Delhi – 110 002."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Guwahati","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Assam, Meghalaya, Manipur, Mizoram, Arunachal Pradesh, Nagaland and Tripura. Email: oio.guwahati@cioins.co.in. Phone: 0361 - 2632204 / 2602205 / 2631307. Address: Office of the Insurance Ombudsman, Jeevan Nivesh, 5th Floor, Near Pan Bazar , S.S. Road, Guwahati – 781001(ASSAM)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Hyderabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Andhra Pradesh, Telangana, Yanam and part of Union Territory of Puducherry. Email: oio.hyderabad@cioins.co.in. Phone: 040 - 23312122 / 23376991 / 23376599 / 23328709 / 23325325. Address: Office of the Insurance Ombudsman, 6-2-46, 1st floor, \"Moin Court\", Lane Opp.Hyundai Showroom , A. C. Guards, Lakdi-Ka-Pool, Hyderabad - 500 004."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Jaipur","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Rajasthan. Email: oio.jaipur@cioins.co.in. Phone: 0141- 2740363. Address: Office of the Insurance Ombudsman, Jeevan Nidhi – II Bldg., Gr. Floor, Bhawani Singh Marg, Jaipur - 302 005."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kochi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Kerala, Lakshadweep, Mahe-a part of Union Territory of Puducherry. Email: oio.ernakulam@cioins.co.in. Phone: 0484 - 2358759. Address: Office of the Insurance Ombudsman, 10th Floor, Jeevan Prakash,LIC Building, Opp to Maharaja's College Ground,M.G.Road, Kochi - 682 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kolkata","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: West Bengal, Sikkim, Andaman & Nicobar Islands. Email: oio.kolkata@cioins.co.in. Phone: 033 - 22124339 / 22124341. Address: Office of the Insurance Ombudsman, Hindustan Bldg. Annexe, 7th Floor, 4, C.R. Avenue, KOLKATA - 700 072."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Lucknow","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Districts of Uttar Pradesh : Lalitpur, Jhansi, Mahoba, Hamirpur, Banda, Chitrakoot, Allahabad, Mirzapur, Sonbhabdra, Fatehpur, Pratapgarh, Jaunpur,Varanasi, Gazipur, Jalaun, Kanpur, Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich, Barabanki, Raebareli, Sravasti, Gonda, Faizabad, Amethi, Kaushambi, Balrampur, Basti, Ambedkarnagar, Sultanpur, Maharajgang, Santkabirnagar, Azamgarh, Kushinagar, Gorkhpur, Deoria, Mau, Ghazipur, Chandauli, Ballia, Sidharathnagar. Email: oio.lucknow@cioins.co.in. Phone: 0522 - 4002082 / 3500613. Address: Office of the Insurance Ombudsman, 6th Floor, Jeevan Bhawan, Phase-II, Nawal Kishore Road, Hazratganj, Lucknow - 226 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Mumbai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: List of wards under Mumbai Metropolitan Region excluding wards in Mumbai – i.e M/E, M/W, N , S and T covered under Office of Insurance Ombudsman Thane and excluding areas of Navi Mumbai. Email: oio.mumbai@cioins.co.in. Phone: 022 - 69038800/27/29/31/32/33. Address: Office of the Insurance Ombudsman, 3rd Floor, Jeevan Seva Annexe, S. V. Road, Santacruz (W), Mumbai - 400 054."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Noida","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Uttarakhand and the following Districts of Uttar Pradesh: Agra, Aligarh, Bagpat, Bareilly, Bijnor, Budaun, Bulandshehar, Etah, Kannauj, Mainpuri, Mathura, Meerut, Moradabad, Muzaffarnagar, Oraiyya, Pilibhit, Etawah, Farrukhabad, Firozbad, Gautam Buddh nagar, Ghaziabad, Hardoi, Shahjahanpur, Hapur, Shamli, Rampur, Kashganj, Sambhal, Amroha, Hathras, Kanshiramnagar, Saharanpur. Email: oio.noida@cioins.co.in. Phone: 0120-4027589. Address: Office of the Insurance Ombudsman, Bhagwan Sahai Palace 4th Floor, Main Road, Naya Bans, Sector 15, Distt: Gautam Buddh Nagar, U.P-201301."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: offices and jurisdiction","url":"https://www.cioins.co.in/Ombudsman","note":"Addresses, phone numbers, e-mail and the states or districts each Ombudsman office covers."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Patna","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Bihar, Jharkhand. Email: oio.patna@cioins.co.in. Phone: 0612-2547068. Address: Office of the Insurance Ombudsman, 2nd Floor, Lalit Bhawan, Bailey Road, Patna 800 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Pune","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Goa and State of Maharashtra excluding areas of Navi Mumbai, Thane district,Palghar District, Raigad district & Mumbai Metropolitan Region. Email: oio.pune@cioins.co.in. Phone: 020-24471175. Address: Office of the Insurance Ombudsman, Jeevan Darshan Bldg., 3rd Floor, C.T.S. No.s. 195 to 198, N.C. Kelkar Road, Narayan Peth, Pune – 411 030."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: register a complaint online","url":"https://cioins.co.in/Complaint/Online","note":"Council for Insurance Ombudsmen. Free. For disputes with an insurer after its own grievance process; the office is chosen by where you live (see the offices list)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Thane","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Area of Navi Mumbai, Thane District, Raigad District, Palghar District and wards of Mumbai , M/East, M/West, N, S and T. Email: oio.thane@cioins.co.in. Phone: 022-20812868/69. Address: Office of the Insurance Ombudsman, Jeevan Chintamani Building, 2nd Floor,Near New RTO Office, Louis Wadi,Vasantrao Naik Mahamarg, Thane (West)- 400604."},{"purpose":"grievance","kind":"official","name":"National Consumer Helpline","url":"https://consumerhelpline.gov.in/public/","note":"Government consumer helpline; can take up a complaint before you go to a consumer commission."},{"purpose":"port","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"notice":"Information, not advice. IndiaInsurances is not an insurer or an insurance intermediary, does not sell insurance and earns no commission. Policy terms change and your own policy schedule can differ: always confirm with the policy document and the insurer before you buy or claim.","cite_as":"Motor Trade - Road Transit Risks Only Policy (UIN IRDAN123RP0008V02100001), IndiaInsurances, https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/motor-trade-road-transit-risks-only-policy-irdan123rp0008v02100001"}