Taxi Insurance

A Taxi Cab also known as a taxi or cab, is a type of vehicle for hire with a driver, used by a single passenger or small group of passengers, often for a non-shared ride.

Type of Coverage

  • Liability Only / Third- Party Only
  • Package Policy / Comprehensive Policy

Third-Party Policy

:- This is mandatory cover, enforced by law, serves to protect the insured from claims arising from a third party. When the insured vehicle in at fault . This cover will pay for only fiscal liability and will also take care of any legal repercussions that arise out of the accident. Read More
It covers only your legal liability for the damages you cause to a third party bodily injury, death and damage to third party property. While using your vehicle third party cover does not pay for rapairt of damages to your car or if you suffer any car related injuries.

Package Policy

:- A package policy or a comprehensive policy covers loss or own damage (OD) to the vehicle insured in a addition to all the covers provided by a third-party policy. It is the non-compulsory 'own damage cover' part of the comprehensive motor policy that actually pays you in case of damage to your vehicle caused by accident, theft, fire, explosion, self-ignition, lightning, riots, strikes or act of terrorism, natural calamities. Read More

  • By fire explosion self ignition or lighting.
  • By burglary housebreaking or theft.
  • By riot and strike.
  • By Earthquake (Fire and Shock Demage).
  • By flood typhoon hurricane strorm tempest inundation cyclone hailstorm frost.
  • By Accidental external means.
  • By malicious act.
  • By terrorist activity.
  • While in transit by road rail inland-waterway lift elevator or air.
  • By landslide rockslide

What is Not Covered Under above said Insurance ?

  • The major policy is a yearly contract and has to be renewed without a break. In case any damage happens post the expiry, the loss won't be covered. Read More
  • If the insured or any other person, with the knowledge and consent of the insured, is driving the car under the influence of alcohol or drugs or any other intoxicating substance.
  • If the vehicle was being driven by a person without a valid driving licence.
  • Demage to engine as a result of oil leakage.
  • Any damage to the vehicle due to war, terror attacks, invasion, foreign enemy action, civil war, mutiny, rebellion, hostilities, radations or nuclear material/weapons are not covered under a standard motor policy.
  • Delibrate accidental loss, that is a loss arising out of an accident or event that was delibrate is also not covered.
  • Consiquntional losses or damages which are a consequence of a certain action by the policyholder or a third party (Whatever intentional or by accident and not an outcome ) of an uncertain event are not covered. For instance, engine demage due to hydrostatic loss during monsoons is a common consequential loss. This is because the damage did not happens because of flooding or the rains, instead someone has cranked up the vehicle in a water-logged area. It could be a mistake, an intential act in an emergency situation, however, it wont't be covered by the insurer as the risk was not covered

Documents required to drive the said vehicle