Saudi Indian Company for Co-operative Insurance (SICCI) is a joint stock company established in the Kingdom of Saudi Arabia as per Royal Decree No. M60 dated 18/09/1427H. SICCI is a joint venture between Fawaz Al Hokair Group of Companies, KSA, Life Insurance Corporation of India, The New India Assurance Company Limited, India and Life Insurance Corporation (International) B.S.C.(c), Bahrain
This policy provides cover to the owner of an insured vehicle against legal liability to third parties in respect of accidents caused by or arising out of the use of Insured's Motor Vehicle.
Policy Details
1. Limit of cover as per policy schedule subject to a maximum of:
| a. Death / bodily
injury |
SR 5 million per occurrence and inaggregate |
| b. Third Party Property Damage |
2. In the event of death of insured Vehicle's driver in the accident, the policy will pay the legal liability incurred due to the accident.
Importance of Driving License:
Effective driving license of the driver is a must for the relevant class of the vehicle for the admissibility of the claim
Exclusions from the Policy:
1. Death of or bodily injury to the driver himself
2. Loss or 'own' damage to the insured Vehicle itself
3. Liability incurred whilst the vehicle is used for rallies or speed testing
4.Liability incurred while insured/authorized driver is driving under the influence of intoxicants or drugs
5. Liability incurred while insured/authorized driver is driving any class/type of vehicle other than as authorized in driving license.
6. Liability occurring due to violation of Traffic Law
7. Geographic limit: Kingdom of Saudi Arabia
2. Loss or 'own' damage to the insured Vehicle itself
3. Liability incurred whilst the vehicle is used for rallies or speed testing
4.Liability incurred while insured/authorized driver is driving under the influence of intoxicants or drugs
5. Liability incurred while insured/authorized driver is driving any class/type of vehicle other than as authorized in driving license.
6. Liability occurring due to violation of Traffic Law
7. Geographic limit: Kingdom of Saudi Arabia