Department of Transport

Vehicle Registration

Necessity for Registration
Registration of  vehicle
Regn. of new/ non-comm. Veh.
Registration by dealers
Responsibility of vehicle dealer
Transfer of ownership
Hypothecation
Registration of Comm vehicles
Vehicles from Other states
Issuing N.O.C
Re-Registration of pvt. Vehicle
Duplicate registration
Temporary Registration
Veh. purchased from pub. auction
Exhibition of Registration mark
Alteration in motor vehicle
Vehicle Insurance
Zone wise Series
Frequently Asked Questions



Vehicle Insurance

INSURANCE – A MANDATORY REQUIREMENT

Under the provisions of MV Act, 1988 section 147 the insurance of vehicle is made mandatory during the operation of Motor vehicle in public place.

VALIDITY OF INSURANCE

The insurance policy period can have the period as the he intend to insure his vehicle.

AMOUNT OF INSURANCE PREMIUM

The insurance premium is decided in accordance to the value of vehicle, type of insurance, risks covered under insurance, type vehicle and use of vehicle and period of insurance.

KNOW ABOUT VARIOUS KIND OF INSURANCE POLICIES

The Motor Vehicle insurance are broadly classified in three types :-

  1. Act only policy.
  2. Public Risk Policy or Third Party Policy.
  3. Comprehensive Policy.

ACT ONLY POLICY

In this kind policy the risk covered in only limited to the victim upto a limit kunder the provisions motor vehicle Act, 1988.

The premium instalment of insurance is also the minimum in this case.

PUBLIC RISK POLICY OR THIRD PARTY POLICY

This policy provides more protection to the third party or victim in addition to the provision of M.V. Act.

COMPREHENSIVE POLICY

Under this policy a wide range of risks are covered including third party, natural calamities, vehicle repair costs, fire, roits ect.

The premium of this kind insurance is higher than the above types.

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CLAIMS

The procedure of setting claims of insurance companies are as under :-

  • Notice of Loss
    The insurer is required to intimate the insurance company about the loss at the earliest after the loss.
  • Claim Form
    The claim form is submitted with the information of date of loss, cause of loss, extent of loss etc. These forms are different for different kind of loss.
  • Investigation and assessment
    The claim form is investigated about its assessment of loss. In case of major claims the professional surveyors asses the loss.
  • Claim Documentation
    The insurance company compiles all the forms and other relevents/documents are procured in different types of claims from the concerned Agencies like – Fire Brigade, Police, Post Martem, Transport Authorities, Corners etc.
  • Settlement

The claims are settled by the insurance company and amount of claim is handed over to the applicant or the legal heirs. The arbitration if required can be persued by the insurance company or the applicant.

When the payment is carried out then the discharge vouchers are also required to be signed by the insurarer or legal heir and the witness.

 

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