Old Car Comprehensive


Old Car Comprehensive insurance addresses the need of those old vehicle owners who wish to obtain complete set of coverage for their vehicle with the minimum rate of 2.025% net of insured estimated value.

I. Loss in case of damage to vehicle by:

a ) Accidental external means
b ) Fire, external explosion, self-ignition, lightning and frost
c ) Burglary, housebreaking and theft
d ) Malicious act
e ) Riot and strike damage
 f ) Flood, hail, wind, hurricane, cyclone, tornado and typhoon damages
 g) Earthquake, volcanic eruption or other convulsion of nature
 h) Risk while in transit by air, road, rail, inland waterway, lift or elevator
 i ) Transport of motor car to nearest workshop in case it breaks down (Subject to Rs 500 limit)
 j ) In the event of motor car being disabled by reason of loss or damage:

  • the reasonable cost of protection and removal to the nearest repairer should not exceed Rs.500
  • The company should be provided a detailed estimate of the costs incurred
II. Third Party Liability on the insured in case of:

a) Death or bodily injury to a third party (except for the person employed by the insured)
b) Damage to property of a third party (except for the property held in trust or custody by the insured of a third party)
c) Indemnity to any person driving any on insured order/permission given that he is not entitled to indemnity under any other policy
d) Indemnity to the insured even when he is driving a vehicle not belonging to him and not hired by him under a hire purchase agreement
e) In case of death of a third party, the company will indemnify the deceased’s personal representatives in the terms of and subject to the limitations of the policy

III. Medical expenses to the insured:

a) The company will pay to the insured medical expenses not exceeding Rs. 350 in case of an accidental bodily injury

  • An immediate notice to the company to be issued in case of a claim arising
  • In case of theft of the insured vehicle, an immediate notice to the police is mandatory
  • In case the insured loses his original excise duty and taxation papers, he should immediately inform the company within 48 hours
  • Cancellation of policy by the company or the insured on a 7 days’ notice with return of premium on pro rata basis

key terms:

Net Premium :                      2.025% on I.E.V.
Vehicle Age :                         Older than 5 years
Maximum Sum Insured :    3.5 Million
Vehicle Type:                         Private

Add-Ons:Amount (PKR)
Personal Accident to Paid Driver 500 /-
Personal Accident to Passengers (4 passengers excluding driver) 900 /-

  • Consequential loss
  • Depreciation and wear and tear
  • Mechanical and electrical breakdowns/failures
  • Damage to tires and battery unless the vehicle is damaged too at the same time (company liable to 50% of the cost of replacement in that case)
  • Loss arising from theft or criminal misappropriation or breach of trust by Insured’s Driver or known person
  • Any accident or injury caused/sustained outside the geographical area
  • Claim arising out of any contractual liability
  • Any loss occurring in case of the vehicle being driven by any person other than a driver as described in the schedule
  • Any loss occurring from radiation, nuclear fuel or weapons
  • Any loss occurring as a result of the insured driving under influence of intoxicating liquor or drugs
  • Any loss occurring as a result of war, civil unrest
  • Others- Please refer to the policy document for complete set of exclusions