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SGI offers insurance protection at minimum cost to customers in respect of the following covers:-
‘ACT ONLY’ LIABILITY INSURANCE
The cover is provided to comply with the legal requirement for use of motor vehicles in a public place in Pakistan which broadly are classified into three main types of motor policy:-
1) PRIVATE CAR
2) COMMERCIAL VEHICLE
3) MOTOR CYCLE
BASIC COVER: LEGAL LIABILITY TO THIRD PARTIES
FOR DEATH or BODILY INJURY.
In the event of accident of the motor vehicle, SGI will indemnify the insured who becomes legally liable to pay in the respect of death or bodily injury to any person.
COSTS & EXPENSES: All expenses & legal costs are paid by the company in defending the award for damages against the insured.
INDEMNITY TO DRIVER: The driver of the motor vehicle is indemnified against liability due to accident
(Subject to the terms, conditions and limitations of the policy)
THIRD PATRY LIABILITY INSURANCE
In addition to ‘ACT ONLY’ LIABILITY protection it includes to cover :
1) Third party liability arising out of motor vehicle accident at any place.
2) Damage to third party property.
(subject to terms conditions and limitations of the policy)
PRIVATE CAR,COMMERCIAL VEHICLE COMPREHENSIVE INSURANCE
The SGI policy of motor comprehensive insurance offers to clients the widest extent of cover for indemnity in the event of motor vehicle accident resulting in:-
1) Loss or damage to own vehicle & accessories
2) Third party i) Property damage &
ii) Legal Liability for death or
injury to any person.
3) All costs & expenses and indemnity to driver permissible under the policy
NOTE: The term comprehensive does not provide a blanket cover irrespective of the cause, extent and nature of loss. The coverage is against accidental loss or damage as detailed in the policy.
1) Motor cycle comprehensive insurance
Motor trade insurance.