Motor Vehicle Insurance
 

  Policy Rules

  Endorsements for Motor Policy
   
1.

What is an endorsement?

 

An endorsements is an written evidence of an agreed change in the policy. It is a document that incorporates changes in the terms of the policy. Endorsement can be of two type i.e. premium bearing & non premium bearing endorsements.

   
2.

What is non-premium bearing endorsement?

 

Non premium bearing endorsement is the endorsement for which no additional premium is charged.

 

Examples :-

 

   - Rectification in contact details.

 

   - Rectification in engine / Chassis number

 

   - Addition of hypothecation...etc.

   
3.

What is premium bearing endorsements?

 

Premium bearing endorsement is the endorsement for which additional premium is charged.

 

Examples :-

 

   - Transfer of ownership

 

   - Addition of LPG / CNG kit

 

   - Change of RTO location...etc.

   
4.

What are the documents required for transfer of ownership endorsement?

 

Documents required are :-

 

   - Request letter from the insured

     - Endorsed RC copy
     - Proposal form
     - Vehicle inspection report if request for endorsement and transfer date is greater than 14 days.
   
5. What are the documents required for endorsement of change of RTO location?
  Below are the documents which are required for change in RTO location:-
     - Request letter from the insured
     - Invoice copy of the kit
     - Payment of additional premium, if applicable
   
6. What are the documents required for endorsement of electrical & non electrical accessories?
  Below are the documents required :-
     - Request letter from the insured.
     - Invoice copy of the accessories.
     - Payment of additional premium.
   
7. What are the documents required for endorsement of addition of LPG / CNG kit?
  Documents required are:
     - Request letter from the insured
     - Invoice copy of the kit
     - Payment of additional premium
   
8. What are the documents do I need to submit for endorsement of Change or removal of
  hypothecation?
  Documents required are:
     - Request letter from the insured
     - Endorsed Rc copy or NOC from financial institution
   
9. What are the documents do I needs to submit for endorsement of correction in engine / chassis /
  registration number?
  Documents required are :-
     - Request letter from the insured
     - RC copy
   
   
   

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