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Rewards & Recognition

Read Issue LI, Jan 2013

Corporate Announcements
Please note that as per the IRDA circular effective for all policy where inception date falls on or after 1st Feb 2013, under depreciation on parts for Partial Loss claim, there is additional of rate of depreciation for painting as below
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 the total painting charges for the purpose of applying the depreciation.
As per Govt. notification Service Tax has been revised from 10.3% to 12.36% w.e.f 01-April-2012
Please note that as per IRDA circular Third Party (TP) premium rates have been revised for Motor policy issuance
For any technical issue please call our iPartner technical support nos. on 022-39839917 / 022-39839918 or mail to ipartnersupport@icicilombard.com