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‘Single Owner Multiple Vehicle’

Motor Insurance

Convenience of securing all vehicles under single policy

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What is a Motor Floater add-on?

Our Motor Floater add-on allows you to insure your two-wheelers and private cars under one policy so that you can have just one renewal date after 12 months

Why should you choose a Motor Floater policy?

How does it work?

The total premium is calculated by applying the appropriate rate against the individual Sum Insured.
With every claim, the total Sum Insured of the policy reduces.
Total SI is the sum of all individual vehicle IDVs.
The sub-limit of each insured vehicle depends on individual IDV.
The policy start date for vehicles is defined separately, as per the expiry of existing OD cover.
Midterm inclusion of vehicles can be done by paying a pro-rata premium for that individual vehicle.

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‘Single Owner Multiple Vehicle’

What is a Motor Floater add-on?

Why should you choose a Motor Floater policy?

How does it work?

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