Passenger Carrying Vehicle Insurance Claim Process

No, you cannot pay the premium in instalments. As per Section 64VB of the Insurance Act, 1938, a full insurance premium is to be paid before the risk starts

• Registration Certificate with Fitness Certificate
• Driving License
• Insurance copy (Optional)
• Permit
• Claim Form duly filled and signed
• Estimate, Bills, Payment receipt and discharge Voucher
• Goods Receipt (Load Challan/Royalty for GCCV)
• Signature ID proof (Insured)
• Customer's bank details with a cancelled cheque for claim payment through (NEFT)
• Customer's bank details with a cancelled cheque (Where the Premium is greater than 25,000/-)
• FIR (If filed or required) Others (If required by the claims team, correlating with the vehicle type and severity of the accident)

The tenure of Passenger Carrying Vehicle Insurance policies in India is typically one year, but some insurance companies offer policies for longer durations