A cover note is a temporary certificate of insurance issued by the Insurer before the issuance of a policy after the Insured has given a duly filled in proposal form and has paid the premium in full.
- (i) Personal Accident Cover - The motor insurance provides you compulsory personal accident cover for individual owners of the vehicle, the personal accident cover is up to Rs. 2 lacs.
- You can also opt for a personal accident cover for passengers. Rs.2 Lac is the maximum coverage that can be offered.
Third Party legal liability - The policy covers the vehicle owner's legal liability to pay compensation for:
- Death or bodily injury to a third party person.
- Damage to third party property.
A cover note is valid for a period of 60 days from the date of issue of the cover note and the insurer shall issue the Certificate of Insurance before the cover note expires.