Private Vehicle Insurance

Motor Insurance

Private Vehicle Insurance provides financial protection against losses arising from the use of private motor vehicles for personal purposes. In Nepal, private vehicle insurance is governed by the Motor Vehicles and Transport Management Act and regulated by the Nepal Insurance Authority (NIA).

What's included

Key highlights

Third-Party Liability Insurance (Compulsory)
No claim discount, voluntary excess and direct discount available
1 year policy term (renewable)

Features

Third-Party Liability Insurance (Compulsory)
Death or bodily injury to third-party persons, including occupants of other vehicles
Damage to third-party property caused by the insured vehicle
Legal liability arising out of the use of the insured private vehicle, subject to limits prescribed by the NIA.
Comprehensive Private Vehicle Insurance
Comprehensive insurance includes third-party liability coverage along with own damage coverage for the insured private vehicle.
Coverage Includes:
Accidental Damage
Loss or damage resulting from theft or attempted theft of the insured vehicle.
Fire and Explosion-Damage caused by fire, lightning, or explosion.
Natural Calamities
Damage arising from riot, strike, civil commotion, or malicious acts by third parties.
Personal Accident Cover (If opted)
Compensation for death or bodily injury to:
Owner-driver
Authorized driver (as per policy terms)
Towing and Salvage Expenses

Terms and conditions

Immediate Intimation: Accidents or losses must be reported promptly to the insurer and relevant authorities where required.
Document Submission: Claim settlement is subject to submission of required documents such as claim form, police report, driving licence, vehicle registration certificate, and repair estimates.
Policy Validity: Coverage applies only during the policy period and subject to timely renewal.

Plan specifics

Vehicle type: Four wheeler
Towing coverage: Not included

Premium

Quote on request

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