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tick Product Features

tick Long Term Comprehensive Protection

In India, it is mandatory by law to have a Motor Vehicle Insurance under a “Third-party Insurance” cover also known as “Liability Insurance” cover before plying the vehicle on the roads. To protect you and your vehicle from any third-party liability or own damages, Universal Sompo General Insurance has launched a “Two Wheeler Long Term Package Policy” for two wheeler vehicle owners for long term protection. By opting for a Two Wheeler Long Term Package Policy, your two wheeler vehicle is secured and covered for a long tenure i.e. 2 years or 3 years from any Third-party liability as well as Own Damages to the vehicle and from instances of vehicle theft.

tick Sum Insured and Insured Declared Value

a) All vehicles are insured at a fixed value called the Insured's Declared Value (IDV).

b) IDV is calculated on the basis of the manufacturer's listed selling price of the vehicle

    (plus the listed price of any accessories) after deducting the depreciation for every year as per

    the schedule provided by the Indian Motor Tariff.

tick Additional Long Term Discount

By purchasing the long term policy, you would get the following Additional discount:

Long Term Policy with Policy Term Additional:

a) 2 Year Discount 5%

b) 3 Year 10%

tick No Claims Bonus (NCB)

No Claims Bonus (NCB) under the TWLTPP, you are eligible for two type of NCBs – Normal NCB and Incremental NCB. The incremental NCB will be over and above the normal NCB and will be applicable only in the case of the renewal of a Long Term Policy. However, the total NCB (normal NCB plus incremental NCB) under all circumstances will not exceed 50%. Normal NCB: Normal NCB, will be offered to you as per the following table, which will be applicable for renewal of annual as well as Long term policy, also same will be applicable for migrating from annual to Long-term as well as Long term to annual policy