Whether Commercial Vehicle can be used for private purpose? If so, any claim OD/TP is payable (Motor)
Yes, it is payable subject to payment of additional premium of 25% and not being used for Hire or Reward. The reason to know this clause is that many times “Goods Carrying Vehicle (GCV)” is used by the owner to transport the relatives /friends for pleasure or trip to Devi Darshan. If any claim is arisen on account of OD or TP claim, it will be payable provided additional premium @ 25% is paid and IMT 34 is endorsed in the policy and the relatives and friends are not being on Hire or Reward.
(Refer Regulation no.4 of section 4 of Indian Motor Tariff and IMT 34)