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Passenger Carrying Vehicle Insurance

Your robust machine commutes hundreds of passengers everyday. Secure it with Policy Master and never let this journey halt.

Passenger Carrying Vehicle

Items Included!


Accidents are unfortunate. However, if it has taken place, we get you covered. At our vast network of cashless garages we ensure cashless repairs.

Fire & Explosion

If fire, explosion, lightening or self-ignition damage your two wheeler. Stay calm. We Can Handle This!


If your bike gets stolen it is nothing less than a nightmare. Quit the stress and leave it to us, as we cover total loss of your two wheeler due to theft.


Both manmade and natural calamities leave a lasting impact, we cover you if your two wheeler gets damaged due to earthquake, landslide, floods, riots, terrorism etc.

Third Party Liability

In the event of an accident we cover legal liability for injury, death and/or property damage caused to a third party.

Personal Accident Cover

We consider customers as our top priority and hence offers a compulsory personal accident cover for 15 lakhs.

Items Excluded!


We do not cover depreciation in the value of the four wheeler.

Illegal Driving

Your car insurance goes out of action if you do not possess a valid driving license. Driving under the influence of drugs/alcohol remains out of car insurance coverage scope.

Electrical & Mechanical Breakdown

Any electrical or mechanical breakdowns remain uncovered under our two wheeler insurance policy.

Tension, while you drive, can get over. Because we give you an interesting insurance cover!

Click Here To Know More About Four Wheeler Insurance

Q1.  What is Commercial Vehicle Insurance?

Vehicle insurance or Motor insurance or auto insurance is an insurance mainly purchased for two wheelers as well for four-wheelers or you can say any vehicle on the roads. The primary objective of this vehicle insurance is to provide a protection to you and your vehicle against any physical damage resulting from accidents.

Q2.  How will Policy Master help me with selection of the right policy?

Policy Master would present you quotes from different commercial insurance companies and give a detailed perspective on all quotes. In case you do not understand the tenets of policy then there are experts who can help you with whole process of finalizing commercial insurance policy.

Q3.  Importance of Commercial Vehicle Insurance.

A motor or vehicle insurance covers any kind of loss or damage to the auto mobile or its spare parts due to man-made or natural calamities. Insurance policy gives accident cover for the vehicle’s owner while driving and third-party liability and for the passengers sitting in the vehicle at the time of accident.

Q4.  Benefits of Commercial Vehicle Insurance.

Benefits of Commercial Vehicle Insurance are as listed below :-
  • Covers Damage Repair Costs:-
    Paying for damage repair can be expensive. There can be times where your commercial might get damaged because of somebody else's commercialelessness. What if the repair expenses burn a big hole in your pockets? If you have adequate vehicle insurance coverage, you don't have to worry about it.
  • Takes Care of Legal Liability:-
    Buying third party insurance cover fulfills your legal liability. In case you are involved in a road mishap, it safeguards you from accident-related legal ramifications (if the accident is caused by you).
  • Covers Hospitalization Expenses:-
    Some accidents cause fractures and other serious injuries that need immediate medical attention. Having a motor insurance plan safeguards you from spending hospitalization expenses from your own pocket.
  • Financial Support:-
    Financial Support: If a vehicle owner is a sole breadwinner, it's unfortunate if he succumbs to the injuries caused by a road accident. The financial crunch can be threatening for his/her family's survival. The financial support received by vehicle insurer is a blessing in disguise post the unfortunate incident.

Q5.  Important Key points of Commercial Vehicle Insurance.

There are several key points of commercial insurance. Here, we are listing some of the important key points of commercial insurance plans for policy holders.

Check them out:
  • Try to strike a perfect balance between the premium and the offered coverage.
  • Check that your preferred insurance provider has authorized a wide range of commercial service centers and garages as their network listed.
  • Cashless motor insurance ensures a smooth claim process.
  • The voluntary excess shouldn't be too high or too low.
  • Check out the list of add-ons.
  • Check the Insured Declared Value offered by the insurance company.

Q6.  Will premium be less on sticking with the same commercial insurance company every year?

No, it’s not compulsory that premium will get cheaper on sticking with same commercial insurance company, it may be that premium might have decreased because Insured Declared Value (IDV) of the commercial might have decreased.

Q7.  If you lodge a claim after expiry of commercial insurance policy for an event that occurred when the policy was in force. Can it still be valid?

Yes you are eligible to make claim as the claim has been raised for an event which occurred when the policy was in force.

Q8.  What documents needs to kept while riding commercials in public places?

The documents which are needed include certificate of insurance, photocopy of registration certificate, pollution under control certificate and photocopy of driving license of the person driving the commercial.

Q9.  If the expenses are much more than the cover offered by the insurance company, does the shortfall has to be met be policyholder?

Yes, if the expense comes to Rs 16,000 but the cover is Rs 10,000 then the balance Rs 6,000 has to be paid by the policyholder.

Q10.  Will you be able to claim NCB on expired policy?

Yes, you will be able to claim No Claim Bonus (NCB) on expired policy if the policy is renewed within 90 days.

Q11.  What are the inclusions & exclusions in motor policy?

The inclusion include (not an exhaustive list):

  • Accident occurred due to external means.
  • Man-made calamities, such as burglary, riots, theft, explosion, and strikes, terrorism, etc.
  • Natural calamities like fire, cyclones, earthquakes, floods, typhoons, storms, hurricanes, lightning, etc.
  • When the vehicle is in Transit by rail, road, air or waterway.
  • Third party liability.
  • Coverage for an owner driver in case of demise.
The exclusions include (not an exhaustive list):

  • Normal Wear and Tear.
  • Loss or any kind of damage due to depreciation.
  • Electrical or mechanical breakdown.
  • Driving without a license.
  • Damage due to nuclear attack, war.
  • Driving under influence of vehicle.
  • Use of commercial for illegal activities.

Q12.  How do you compare commercial insurance plans before finalizing one?

Following factors needs to be considered before finalizing commercial insurance:

  • Check the commercial insurance companies claim settlement record and the time taken to settle them.
  • Balance between the premium that you can afford and cover that is optimally needed.
  • Track garages which are there in list of garages tied up with commercial insurance company. You can avail of cashless facilities at these centers.

Q13.  What are the Add-On Cover in Motor Insurance?

There is a list of add on plans available in the market which enhances your coverage for better protection. You can choose add-on covers according to your need, in addition to your standard motor insurance policy.
  • Zero Depreciation Cover: One of the most popular add-on cover in motor insurance is zero depreciation cover. Opting for this cover means that the policyholder is eligible to receive full claim amount on the value of replaced parts.
  • NCB Protection Cover: The NCB or No Claim Bonus is a kind of reward given to a policyholder in case of not making any claims during the policy term.
  • Roadside Assistance Cover: In case of emergencies like battery issues, empty fuel, flat tyres, and so on, this add-on cover provides you an assistance even in the remote locations.
  • Key Replacement Cover: This cover offers reimbursement for the cost of a substitute key, in case of a lost ignition key.
  • Engine and Electronic Circuit Cover:In case of a damage to the insured vehicle’s engine or electronics circuits, this insurance cover takes commerciale of your expenses.

Q14.  Why Taking Motor Insurance from Us?

We as an insurance broker are someone who advises people on their insurance needs and negotiates insurance contracts on their behalf with insurers in return for a fee or commission. Insurance brokers act as middlemen between firms that want to insure their property and casualty risks and the insurers that underwrite policies. We are a specialist in insurance and risk management. We act on behalf of our clients and provide advice in the interests of our customers. We help you arrange and place the cover with the chosen insurer and can often provide advice on how to make the most of your insurance budget.

Q15.  What is the difference between an insurance agent and a broker?

Both insurance brokers and insurance agents act as intermediaries between insurance buyers and insurers. The primary difference between an insurance broker and an insurance agent is who each represents. While a broker represents the insurance buyer, an agent represents one or more insurance companies.

Looking to buy a policy with us?

Process to acquire Four / Two wheeler Policy:

  • Step 1: Login into the website Opting for this cover means that the policyholder is eligible to receive full claim amount on the value of replaced parts.
  • Step 2: Before you start the comparison, keep some details handy with you such as your commercial’s/ bike’s make and model, variant, registration no, chassis no., Previous policy no. (in case of old bike\ commercial insurance).
  • Step 3: To get insurance quotes, key in all the above mentioned details in the form and click on next.
  • Step 4:Once done, you will get the insurance quotes from all our associated companies with their IDV’s, premium value and available add ons.
  • Step 5:Once you have selected the desired insurance quote, please complete the proposal form with all the necessary details.
  • Step 6:Once done, you will be then redirected to the payment gateway , where, you can make the payment through debit/ credit commerciald/ Net banking.