Passenger Carrying Vehicle Insurance Policy

Buy/Renew Commercial Passenger Carrying Vehicle Insurance Policy Online

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Passenger Carrying Vehicle Insurance

A commercial passenger carrying vehicle insurance is an insurance policy that protects vehicles that are commercially used for transporting passengers and commuters. It provides coverage to passenger vehicles against the losses they might incur due to accidents, natural calamities, and other eventualities. As per the Motor Vehicles Act of 1988, every vehicle is mandated to have third-party insurance. The coverage offered depends on the plan chosen. 

What is a commercial passenger carrying vehicle insurance plan?

If you own a vehicle that is used to transport passengers from one place to another on a commercial basis, then you would be aware of the importance that these vehicles have. It is important that they keep on running smoothly. If any damages were to occur to these vehicles, the cost of the repair can be quite high. This is where a commercial passenger vehicle insurance plan comes into the view. It can be purchased for all commercial vehicles that fall under that category, like auto-rickshaws, taxis and cabs, buses, etc.

What are the types of commercial passenger carrying vehicle insurance?

Like other vehicle or motor insurance plans, commercial passenger carrying vehicle insurance also has two types - a third-party insurance policy and a comprehensive insurance policy.

What are the benefits of buying commercial passenger carrying vehicle insurance?

Here are the benefits of buying a comprehensive passenger carrying vehicle insurance policy:

Types of commercial passenger carrying vehicles covered

You can buy a well-structured insurance plan for several types of vehicles, including but not limited to: 

Benefits of choosing IFFCO-Tokio

Here’s why IFFCO-Tokio is the right choice to financially protect your commercial passenger carrying vehicle: 

What is not covered in a commercial passenger carrying vehicle insurance plan?

Our commercial vehicle insurance plans have the following exclusions:

Determinants of your insurance policy premium

Why buy a commercial passenger carrying vehicle insurance plan online

  • A paperless process 

When buying a commercial passenger carrying vehicle insurance plan online, you do not have to collect any paperwork in large bunches and submit them. All you have to do is upload soft copies of the needed documents.

  • An easier and convenient process

Buying a commercial passenger carrying vehicle insurance online is quite convenient as compared to buying it offline. You are not required to go to the branch or provide large amounts of paperwork. The procedure is simple and straightforward.

  • Accessibility to buy anywhere

Buying passenger carrying vehicle insurance online can be done anywhere as long as you have a device with a good internet connection. It can be at your home, your office or a resort!

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