NISM Certifications · NISM-Series-X-B: Investment Adviser (Level 2) · Non-Life Insurance Products
Under a motor insurance package policy in India for a private car, which of the following is covered under the own damage section?
Damage to the insured car from fire or accident is covered under the own damage section of a package policy. Claims for third-party death, injury or property damage belong to the separate third-party liability section, which is the compulsory part.
- ADeath of a third party in an accident
- BDamage to the insured car due to fire or accidentCorrect
- CProperty damage to a third party's vehicle
- DInjury to a pedestrian
Explanation
Own damage cover protects the insured vehicle against loss or damage from accident, fire, theft and similar perils. Death, property damage and injury to third parties fall under the third-party liability section, which is compulsory under law.
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