National Insurance Co Ltd

Motor Premium Guide Rates

PRIVATE CAR Zone A Zone B TWO WHEELER Zone A Zone B Age ND ND+ RTI EP CP
Vehicle Age < 1000cc 1001-1500 > 1500cc < 1000cc 1001-1500 > 1500cc CPA Vehicle Age < 75 75-150 150-350 > 350 < 75 75-150 150-350 > 350 2W PC 2W PC 2W PC PC PC
< 5 Years 3.127 3.283 3.440 3.039 3.191 3.343 < 5 Years 1.708 1.708 1.793 1.879 1.676 1.676 1.760 1.844 0 0.17 0.42 0.24 0.45 0.28 0.08 0.09 0.10
5 - 10 Years 3.283 3.447 3.612 3.191 3.351 3.510 5 - 7 Years 1.793 1.793 1.883 1.973 1.760 1.760 1.848 1.936 1 0.31 0.56 0.40 0.60 0.46 0.30 0.11 0.12
> 10 Years 3.362 3.529 3.698 3.267 3.430 3.594 > 7 Years 1.836 1.836 1.928 2.020 1.802 1.802 1.892 1.982 2 0.45 0.70 0.57 0.75 0.61 0.42 0.14 0.14
Act Premium 2094 3416 7897 2094 3416 7897 295 Act Premium 538 714 1366 2804 538 714 1366 2804 3 0.69 0.91 0.76 0.98 0.66 0.59 0.16 0.17
LT Act (New) 6521 10640 24596 6521 10640 24596 850 LT Act (New) 2901 3851 7365 15117 2901 3851 7365 15117 4 0.96 1.16 1.03 1.25 0.94 0.67 0.20 0.20
ELECTRIC < 30 KW 30-65 KW > 65 KW < 30 KW 30-65 KW > 65 KW 2W Pass Carr 861 861 861 2254 + @ 580 per Passenger Excess: 5% Excess: NIL Depn, Regn
Act Premium 1780 2904 6712 1780 2904 6712 ELECTRIC (KW) < 3 3-7 7 - 16 > 16 <3 3-7 7 - 16 > 16 QUADRICYCLE Vehicles CNG/LPG
LT Act (New) 5543 9044 20907 5543 9044 20907 Act Premium 457 607 1161 2383 457 607 1161 2383 Private Car TP: 2094 LT: 6521 Items @ 4% +
Key Protect: 2% of KP IDV RSA: ₹ 10 for 2 Wh, ₹ 15 for Pvt Car, ₹ 25 for Comm Veh LT Act (New) 2466 3273 6260 12849 2466 3273 6260 12849 PC - Electric TP: 1780 LT: 5543 ₹60/- for
PA Occupants / Passenger ₹5 @ CSI 10000 (Max ₹200000) 2W CPA: 1Yr-295, 5Yr-1350 2W Pass Carr 732 732 732 732 + @ 493 per Passenger Comm < 500CC TP: 2539 @1241 per Liability
Discounts Anti-Theft: @2.5% (Max ₹500/-) Auto Ass @ 5% (Cars/2W-200/500) Handicapped @ 50% of OD Within Insured’s Premises / Site @ 33.33% Loss of accessories (Elec & Non-Elec) @ 4% onpass value of Accessories
IDV up to 10 Years as per GI Council IDV Master Zone A: Ahmadabad, Bangalore, Chennai, Hyderabad, Kolkata, Mumbai, New Delhi, Pune. Zone B: Rest of India. [For 2 wheelers, Private Car, Commercial Vehicles of Class C1 & C4]
GOODS CARRYING Vehicles (Other than 3 wheelers) Act / Electric GOODS CARRYING Vehicles (Three Wheelers) & E-Carts ND (Comm) Trade (Road Risk) Road Transit Risk (%)
Vehicle Age Zone A Zone B Zone C Upto 7500 kg 16049/13642 Zone A Zone B Zone C Public / E-Cart 4492/3139 Age % of IDV 1st 1498 <120 = 0.20 1600-2000 = 0.44
< 5 Years 1.751 1.743 1.726 7500/12000 27186/23108 1.664/1.165 1.656/1.159 1.640/1.148 Driver/Employe
Private/ E-Cart 3922/3211 0 0.29 Add < 5 725 120-400 = 0.24 2400-2800 = 0.64
5 - 7 Years 1.795 1.787 1.770 12000/20000 35313/30016 1.704/1.194 1.697/1.188 1.681/1.177 es @ Rs 50/-
Geographic Extension 1 0.31 5> Add <10 467 400-800 = 0.28 2800-3200 = 0.68
> 7 Years 1.839 1.830 1.812 20000/40000 43950/37357 1.747/1.223 1.739/1.217 1.722/1.205 In case of Two
500-Package 1000-Others 2 0.36 10> Add <15 404 800-1200 = 0.32 3200-3600 = 0.76
wheeler Rs 60/-
Addl Premium @27/- for each 100 Kg if GVW>12000 Above 40000 44242/37606 IMT-23: 15% of OD Premium in case of all Commercial Vehicles 3 0.43 2 Wheeler TP: 1175 < 2400 Km > 1412
(Other than
LL to Paid Driver/Cleaners @ ₹ 50 NFPP @ ₹ 75 Zone A: Chennai, Kolkata, Mumbai, New Delhi, Zone B: All State Capitals, Zone C: Rest of India [Except C1,C4] 4 0.53 1st : 515 Next @257
Paid
PASSENGER CARRYING Four Wheelers (Taxies-Carrying Capacity Upto 6 Passengers) Three Wheelers (Upto 6 Passengers)
Driver/Cleaner) Three Wheelers (6-17 Passengers) Short Period Rates
Zone A Zone B Zone A Zone B Zone C Zone A Zone B Zone C Upto 1 Mnt 20
Age of Vehicle Upto 1000cc 1000-1500cc >1500cc Upto 1000cc 1000-1500cc >1500cc 1.278 1.272 1.260 1.785 1.777 1.759 1-2 Months 30
< 5 Years 3.284 3.448 3.612 3.191 3.351 3.510 1.310 1.304 1.292 1.830 1.621 1.803 2-3 Months 40
5 - 7 Years 3.366 3.534 3.703 3.271 3.435 3.598 1.342 1.336 1.323 1.874 1.866 1.847 3-4 Months 50
> 7 Years 3.448 3.620 3.793 3.351 3.519 3.686 Act Premium 2539/- + @ 1214/- Act Premium 6763/- + @ 1349/- 4-5 Months 60
Act Premium 6040 + @1162 7940 + @978 10523 +@1117 6040 + @1162 7940 + @978 10523+@1117 E-Rickshaw: 1648/- + @ 789/- E-Rickshaw: 5749/- + @ 1147/- 5-6 Months 70
ELECTRIC Vehicles <30KW 30-65 KW >65KW <30KW 30-65 KW >65KW Per Passenger the vehicle is licensed to carry Per Passenger the vehicle is licensed to carry 6-7 Months 80
Act Premium 5134 + @988 6749 + @831 8945 + @949 5134 + @988 6749 + @831 8945 + @949 Act Premium for 3Wh (More than 17 Passengers) 13177/- + @ 806/- per passenger 7-8 Months 90
PASSENGER CARRYING Four or More Wheeled Vehicles exceeding 6 Passengers Act 14343/- + @ Rs 877/- Electric: 12192/- + @ 745/- School Bus: Act 12192/- + @ 745/- Electric: 10363/- + @ 633/- > 8 Months 100
Zone A Zone B Zone C Liability NA
Age of Vehicle Upto 18 Pass 18-36 Pass 36-60 Pass > 60 Pass Upto 18 Pass 18-36 Pass 36-60 Pass > 60 Pass Upto 18 Pass 18-36 Pass 36-60 Pass > 60 Pass
Fiber glass fuel Tanks:
< 5 Years 350+1.680% 450+1.680% 550+1.680% 680+1.680% 350+1.672% 450+1.672% 550+1.672% 680+1.672% 350+1.656% 450+1.656% 550+1.656% 680+1.656%
₹50/- (all Vehicles) &
5 - 7 Years 350+1.722% 450+1.722% 550+1.722% 680+1.722% 350+1.714% 450+1.714% 550+1.714% 680+1.714% 350+1.697% 450+1.697% 550+1.697% 680+1.697%
₹100/- (Misc)
> 7 Years 350+1.764% 450+1.764% 550+1.764% 680+1.764% 350+1.756% 450+1.756% 550+1.756% 680+1.756% 350+1.739% 450+1.739% 550+1.739% 680+1.739%
Schedule of Depreciation for arriving at IDV. Misc & Special Type of Vehicles (Class-D) Passengers
Upto 6 Month 5% 3-4 Years 40% 8-9 Years 65% Act+Fire and/or Theft Rates Vehicle Age Zone A Zone B Zone C Ambulance @ ₹ 60/-
6 Months-1 Year 15% 4-5 Years 50% 9-10 Years 70% Act+Fire=Act Prem+25% of OD Premium < 5 Years 1.208 1.202 1.190 PP
1-2 Years 20% 5-7 Years 55% Above 10 Yrs if On Market Act+Fire=Act Prem+30% of OD Premium 5 - 7 Years 1.238 1.232 1.220
Hearses @ ₹ 115/- PP
2-3 Years 30% 7-8 Years 60% acceptable Value Basis Act+Fire+Theft=Act Prem+50% of OD Prem > 7 Years 1.268 1.262 1.250
NCB Slabs: 20%, 25%, 35%, 45%, 50% (Sunset clause applicable) (Wherever the claim arises under the policy the NCB will revert to “NIL” Act Premium ₹ 1645/- (Hearses & Plane Loaders & ₹ 7267/- (for all
Loading 60% on OD Premium for all the vehicles used for driving tuitions (In case of three wheelers 60% loading on Act Premium) other Misc & Spl Type of vehicles & Non Agr Tractor)
Trailers (Class - D) Depends on no of Trailers towed 1 to 8
Agriculture Tractor < 6 HP OD: 0.67% to 1.15% TP: ₹ 910/- Others OD: 1.05% to 1.38% TP: ₹ 2485/- Overturning (Class D): Addl Prem @ 0.5% of IDV
Note: This is a ready reckoner only & is no way a part of original motor guidelines. For more information/query refer to the original motor guidelines issued by HO.
Prepared by Sujit Kumar Panda, Bhubaneswar DO – I, Odisha. (M: 8599010628, E: sujit.panda@nic.co.in)