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Insurance Documentation & Eligibility

Insurance Scheme

ICICI Lombard General Insurance Ltd.

tractor Insurance tractors Are One Of The...

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ICICI Lombard General Insurance Ltd.


Tractors are one of the most precious assets of the farmers. ICICI Lombard's comprehensive package policy for tractors covers not just Own Damage but also Third Party Liability and Personal Accident. Policy Coverage Loss of or Damage to the Vehicle Insured (Own Damage) The Company will indemnify the insured against loss or damage to the vehicle insured against following: i. Fire, Explosion, Self ignition or Lightning ii. Burglary, Housebreaking, Theft, Riot and Strike iii. Earthquake (fire and shock damage), Flood, Typhoon, Hurricane, Storm, Tempest iv. Inundation, Cyclone, Hailstorm, Frost v. Accidental external means vi. Malicious acts vii. Terrorist activity viii. Landslide, Rockslide ix. Whilst in transit by road, rail, inland waterway, lift, elevator or air Subject to a deduction for depreciation at the rates mentioned below in respect of parts replaced: - For all rubber/nylon/plastic parts, tyres, tubes, batteries and air bags - 50% - For fibre glass components - 30% - For all parts made of glass - Nil - Rate of depreciation for all other parts including wooden parts will be as per the schedule. In the event of the vehicle being disabled by reason of loss or damage covered under this policy, the Company will bear the reasonable cost of protection and removal to the nearest repairer and re-delivery to the insured not exceeding Rs.2500/- for commercial vehicles in respect of any one accident. Liability to Third Parties The Company will indemnify the insured in the event of an accident caused by or arising out of the use of the vehicle against all sums including claimant's cost and expenses, which the insured shall become legally liable to pay in respect of: - Death of or bodily injury to any person caused by or arising out of the use (including the loading and/or unloading) of the vehicle. - Damage to property caused by the use (including the loading and/or unloading) of the vehicle. Personal Accident Cover for Owner-Driver The Company undertakes to pay compensation as per the following scale for bodily injury/ death sustained by the owner-driver of the vehicle in direct connection with the vehicle insured or whilst mounting into/dismounting from or traveling in the insured vehicle as a co-driver, caused by violent accidental external and visible means which independent of any other cause shall within six calendar months of such injury result in: - Death - 100% - Loss of two limbs or sight of two eyes or one limb and sight of one eye - 100% - Loss of one limb or sight of one eye - 50% - Permanent total disablement from injuries other than named above - 100% Policy Exclusions Any accidental loss or damage and/or liability caused sustained or incurred outside the geographical area. Any claim arising out of any contractual liability. Any accidental loss or damage and/or liability caused sustained or incurred whilst the vehicle insured herein is - Being used otherwise than in accordance with the ‘Limitations as to Use’ or - Being driven by or is for the purpose of being driven by him/her in the charge of any person other than a Driver as stated in the Driver's Clause. Losses such as: - Any accidental loss or damage to any property whatsoever or any loss or expense whatsoever resulting or arising there from or any consequential loss. - Any liability of whatsoever nature directly or indirectly caused by or contributed to by or arising from ionizing radiations or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel. For the purposes of this exception combustion shall include any self-sustaining process of nuclear fission. Any accidental loss damage or liability directly or indirectly caused by or contributed to by or arising from nuclear weapons material. Any accidental loss or damage/liability directly or indirectly or proximately or remotely occasioned by, contributed to by or traceable to or arising out of or in connection with war, invasion, the act of foreign enemies, hostilities or war like operations (whether before or after declaration of war), civil war, mutiny, rebellion, military or usurped power or by any direct or indirect consequences of any of the said occurrences and in the event of any claim here under the insured shall prove that the accidental loss damage and/or liability arose independently of and was in no way connected with or occasioned by or contributed to by or traceable to any of the said occurrences or any consequences thereof and in default of such proof, the Company shall not be liable to make any payment in respect of such a claim.

Magma HDI General Insurance Co. Ltd

our Tractor Insurance Covers The Tractors Owned By ...

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Magma HDI General Insurance Co. Ltd

Our Tractor Insurance covers the tractors owned by you, which are primarily used in farming activities and hauling produce to the market place. This policy ensures that you remain worry-free when it comes to financial losses that may arise because of your tractors. The tractors used for agriculture are insured under Commercial Misc Class D category and the ones used for hauling goods are insured under Commercial GCV category.

Scope Of Cover

This policy covers the damage of the tractor due to any accidental occurrence or theft. This policy also protects the owner against any Third Party liability that can occur from the usage of the tractor. This liability is unlimited in nature. 

Sum Insured

This is the cost of a new tractor in the first year of insurance which then depreciates with the age of the tractor.

Additional Coverage

1. Legal liability towards the Driver

2. IMT 23 which covers the mudguard , bonnet, headlamps , fender and paintwork.

Add-On covers

  • Depreciation reimbursement - where no deduction in claim is made towards the depreciation in parts due to the age of the vehicle
  • b) Return to invoice - where the insured is paid the charge of the vehicle in full along with the registration charges and road-tax in case of total loss and theft
  • NCB protection - where the NCB remains protected at the time of renewal, even in case of a single claim during the policy period.

Discounts Available

No Claim Bonus is available for each and every claim-free-year


However please note, while every effort is made to give you the best possible services, any loss/damage to the vehicle and/or its accessories will not be covered if caused by the following:

  • Normal wear, tear and general ageing of the vehicle
  • Depreciation or any consequential loss
  • Mechanical / electrical breakdown
  • Vehicle being used otherwise than in accordance with limitations as to use
  • Damage to / by a person driving the vehicle without a valid license
  • Damage to / by a person driving the vehicle under the influence of drugs or liquor
  • Drunk driving
  • Loss / damage due to war, mutiny or nuclear risk


motor Insurance we Offer Insurance Covers...

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Motor Insurance

We offer insurance covers for the following automobiles used by Rural India:

Tractors: All makes & models of Agricultural tractors / Trailers/ Trolleys/ Implements

  • Two Wheelers: All makes & models of Scooters & Motorcycles
  • Private Care: Vehicles privately owned, for captive use
  • Commercial Vehicles: Coverage for
    • Goods Carrying vehicles – various makes and models of vehicles upto 25 tonnes
    • Passenger Carrying vehicles - Vehicles privately owned, for captive use
    • 3-Wheelers : Passenger vehicles and goods carrying vehicle
  • Own Damage (Loss arising due to Physical Damage to the Vehicle in the accident – Cost of Repairs & Replacements)
  • Loss or damage to vehicle & its accessories by
    • Fire, explosion, self ignition or lightning
    • Burglary, housebreaking or theft
    • Riot and strike
    • Earthquake ( Fire and shock)
    • Flood, typhoon, storm, inundation, cyclone, hailstorm
    • Transit by road, rail, inland waterway, lift, air
    • Accidental external means
    • Malicious act
    • Terrorist act
    • Landslide or rockslide

  • Act Liability / TP Insurance (Legal Liability to Users of Road - Pedestrians, Passengers, Animals, Wayside Property etc.)
    • Unlimited legal liability in respect of death or bodily injury to a person
    • Damage to Third Party Property up to Rs.7.5 / 1 lakhs
    • Legal costs for defending TP claim
    • Legal Liability to Paid Driver

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