For Own Damage, the Sum Insured for the vehicle is called 'Insured Declared Value' and should reflect the current market value of the vehicle. For Third Party Liability cover, there is unlimited coverage for death/injuries to Third Parties, however, Third party property damages are covered up to a sum of Rs.750,000. Insured has option to restrict coverage for Third Party Property damage to Rs.6,000 whereby there will be reduction in Liability Only" premium."
For Own Damage, the Sum Insured for the vehicle is called 'Insured Declared Value' and should reflect the current market value of the vehicle. For Third Party Liability cover, there is unlimited coverage for death/injuries to Third Parties, however, Third party property damages are covered up to a sum of Rs.750,000. Insured has option to restrict coverage for Third Party Property damage to Rs.6,000 whereby there will be reduction in Liability Only" premium."