Commercial vehicle insurance from ₹6,500/year. Lorries, autos, school buses, tankers, tippers — we compare 15+ insurers and get act-of-god, goods-in-transit, and IMT covers sorted same day.
A tyre blowout, overturned lorry, and ₹3.2 lakh of damaged FMCG goods. Raju called one number. The insurer paid everything — goods-in-transit, own damage, third-party. He was back on road in 5 days.
IMT-23 is an endorsement that reinstates cover for overturning — which is excluded from standard GCV comprehensive policies. Given the hilly terrain between Kurnool and Nandyal, and the winding highway stretches across Telangana, overturning is a real risk. Without IMT-23, your own damage claim after overturning will be rejected. We always add this for lorry, tipper, and tanker operators in this region.
No. Standard GCV comprehensive policies cover only the vehicle — not the goods being transported. For goods coverage, you need a Goods-in-Transit (GIT) policy as a separate or add-on policy. GIT covers loss or damage to cargo due to accident, fire, theft, or natural calamity during transit. Without GIT, you are fully liable to the consignee for damaged or lost goods.
Yes, significantly. Commercial vehicles (lorries, buses, autos, taxis) are insured under a GCV (Goods Carrying Vehicle) or PCV (Passenger Carrying Vehicle) policy, which follows different IRDAI tariff rules. Premiums are calculated based on GVW (Gross Vehicle Weight), seating capacity, and usage type — not just IDV. Add-ons like IMT-23, GIT, and fleet discounts are specific to commercial policies.
IRDAI allows fleet discounts on GCV/PCV policies when you insure 5 or more vehicles under a single policy. The discount typically ranges from 10% to 35% depending on the fleet size and the insurer. We negotiate fleet rates with multiple insurers, coordinate all renewal dates, and handle claims for the entire fleet — a single point of contact for your whole commercial fleet.
Commercial vehicle policies do earn No Claim Bonus (NCB), though at different rates than private vehicles. For own-damage claims, NCB resets to zero. For TP-only claims, NCB on OD is usually unaffected. On renewal, we review your NCB status, help protect it using NCB protection add-ons where available, and ensure you don't lose earned discounts when switching insurers.
Get the right GCV policy — with IMT-23, Goods-in-Transit, and fleet discounts. We compare 15+ insurers and sort your policy same day. Average fleet saving: ₹8,000/year.