What is IMT 28?

The most common of these mini contracts is IMT 28 for Legal Liability to Paid Driver and / or Conductor and / or Cleaner, employed in connection with the operation of the insured vehicle. Under the Employees Compensation Act against the owner and insurer of the vehicle he himself was driving.

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Thereof, what is the meaning of IMT 28?

IMT. 28. LEGAL LIABILITY TO PAID DRIVER AND/OR CONDUCTOR AND/OR CLEANER EMPLOYED IN CONNECTION WITH THE OPERATION OF INSURED VEHICLE (For all Classes of vehicles.)

what IMT 21? IMT. 21. SPECIAL EXCLUSIONS AND COMPULSORY DEDUCTIBLE (Applicable to all Commercial Vehicles excluding taxis and motorized two wheelers carrying passengers for hire or reward.)

Simply so, what IMT 16?

IMT 16 is to be used for unnamed passengers limited to the registered carrying capacity of the vehicle other than the insured, his paid driver and cleaner. IMT 22 is compulsory deductible unnamed passenger limited to the registered carrying capacity of the vehicle under IMT-16.

What IMT 40?

IMT 40, the appellant insurance company is liable to pay the compensation if it is awarded to driver and/or conductor and/or cleaner employed in connection with the operation of the motor vehicle 1 and during the course of employment on 23.4.

Related Question Answers

What IMT 37?

IMT 37-A, would cover persons, falling under Section cover any contractual liability, which is provided under IMT.37-A, which states that, other than statutory liability. Madras High Court.

What does IMT mean?

Information management technology (IMT) refers to the processes, systems, hardware, and software a company uses to conduct its day-to-day operations. Information management technology is also referred to as information technology (IT), and information management and technology.

What is IMT 20?

IMT.20. REDUCTION IN THE LIMIT OF LIABILITY FOR PROPERTY DAMAGE. It is hereby understood and agreed that notwithstanding anything to the contrary contained in the policy the insurers liability is limited to Rs.

What is IMT 10?

Removal of Anti-Theft Device (IMT 10) The endorsement is required when you install or remove an anti-theft device from your vehicle.

What IMT 22?

IMT.22. If the expenditure incurred by the insurer shall include any amount for which the insured is responsible hereunder such amount shall be repaid by the insured to the insurer forthwith.

What IMT 39?

IMT 39 reads as follows The Company shall indemnify the insured against the legal liability under Workmen Compensation Act in respect of the death or bodily injury (other than the paid driver) exceeding six in number.

What is third party insurance?

Third-party insurance is essentially a form of liability insurance purchased by an insured (first-party) from an insurer (second party) for protection against the claims of another (third party). The first party is responsible for their damages or losses, regardless of the cause of those damages.

What IMT 47?

Company for such overturning of the vehicle and therefore, IMT-47 was applicable as no separate premium was paid overturning of the vehicle under the terms of IMT-47 and so Insurance Company was not liable. State Consumer Disputes Redressal Commission. New India Assurance Co.

Is TPPD compulsory?

Third-party insurance is compulsory for all vehicle-owners as per the Motor Vehicles Act. It covers only your legal liability for the damage you may cause to a third party – bodily injury, death and damage to third party property – while using your vehicle.

What is IMT 29?

IMT.29. LEGAL LIBILITY TO EMPLOYEES OF THE INSURED OTHER THAN PAID DRIVER AND / OR CONDUCTOR AND / OR CLEANER WHO MAY BE TRAVELLING OR DRIVING IN. THE EMPLOYER'S CAR.

What is covered in IMT 23?

Third party liability coverage – mandated by government. Own damage coverage. IMT 23 (Provides coverage's to Lamps, tyres /tubes, mudguard, bonnet, side parts, bumpers, headlights and paint work of damaged portion only) : Fully covered if Zero depreciation add on cover opted in the policy.

What is TPPD limit?

TPPD Limit Restriction (Liability to Third Parties) The policy provides Third Party Property Damage( TPPD ) of Rs. 7.5 lakhs (Private Cars ) and Rs. Tick only if you want to opt to restrict to the Third party property damage cover to statutory limit of Rs. 6000 as provided in motor vehicle act.

What is nil DEP insurance?

Zero depreciation also known as Nil depreciation or Bumper to Bumper car insurance is a car insurance policy that leaves out the depreciation factor from the coverage, thus giving you complete cover. The insurance company will pay out the entire cost of the body part for replacement.

Is TYRE covered under insurance?

Tyres are covered under insurance with reductions for normal wear and tear based on the date of installation, usage and age of vehicle. Usually, insurance companies would deduct at least 50% or more for rubber and glass parts while settling claims. Some companies exclude all rubber and glass parts in their policy.

What is geographical area extension in insurance?

It is further specifically understood and agreed that such geographical extension excludes cover for damage to the vehicle insured/ injury to its occupants/ third party liability in respect of the vehicle insured during sea voyage/ air passage for the purpose of ferrying the vehicle insured to the extended geographical

What is geographical insurance extension?

Geographical Extension Zone Benefits For Motor Insurance Equipped Vehicles. In India, a motor insurance policy covers you for: Loss or damage to your vehicle due to natural calamities. Loss or damage to your vehicle due to other unforeseen events. Personal Accident Cover.

What is IMT full form?

Institute of Management Technology, Ghaziabad abbreviated as IMT, is a private business school with its main campus at Ghaziabad in the Indian state of Uttar Pradesh.

What is active and passive anti theft?

Passive and Active Anti-Theft Systems Passive and active anti-theft devices are the two options available when considering an anti-theft system. Passive devices automatically arm themselves when the vehicle is turned off, the ignition key removed, or a door is shut. No additional action is required.

How is IDV calculated for car insurance?

Insured Declared Value (IDV) If the vehicle suffers total loss, IDV is the compensation that the insurer will provide to the policyholder. IDV is calculated as manufacturer's listed selling price minus depreciation. The registration and insurance cost are excluded from IDV.