Motor Insurance

  • Motor Insurance

  • Marine Hull


     Hull means the insurance of ship. The ship is always at the risk of the perils of the seas and therefore, the ship owner can insure it against probable losses as such. The subject matter of hull insurance are usually:-

    a. Hull 
    b. Plant & Machinery 
    c. Refrigeration Machinery etc. 
    d. Freight (if the freight is after paid when at the risk of the ship owner)

    Direct risk covered under Marine Hull Insurance:

    Fire, theft, jettison, collision, contact, heavy weather, Stranding/ foundering, sinking, General average, Sue &labour charges. The Marine Hull policy may include liability hazards such as collision or running down.

    Additional Risk Covered on payment of additional premium
    War Strike Riot Civil Commotion (SRCC)


    Premium being determined on a rating subject to age and class of construction of Hull.
    Risks covered under following categories :-

    a) ITC (All risk Policy)
    b) TLO (Total Loss only)

    According to the law the insured is required to pay the Stamp duty of this policy.

  • Workmens Compensation


    This type of policy are designed to provide protection to the employer (Insured) in respect of the legal liabilities that might devolve on him arising out of accidental death or bodily injury to his employees in course of work. All such financial liabilities are covered by this policy. This type of insurance provides covers death & or personal injury by accident or disease arising out of & in the course of his employment by the insured in the business & if the insured shall be liable to pay compensation for such injury either under the Law (s) set out in the schedule or at common law.

    Policy exclusions;

    1. Accident due to Civil war Riot, Strike Civil commotion, Mutiny.

    2. The insured’s liability to employees of contractors to the insured.

    3.Any employee who is not a “Workman” within the meaning of law(s)

    4. Any sum which the insured would have been entitle to recover fromany party but for an agreement between the insured and such party.


  • Motor Insurance for commercial use




     Description of Motor Insurance Business:

    Motor Insurance: Different types or policies may be issued for different types of motor vehicles, Motor vehicles are usually classified in the following manner:- Private Cars, Commercial vehicles, Motor Cycles, Agricultural vehicles, Motor Trade vehicles.

    Motor policies issued are usually of the following types irrespective of the class of vehicles:

    a) Comprehensive policy 
    b) Act liability only policy.

    Definition of private vehicle: 
    The Vehicles under private registration & used for private purposes only.

    Direct risks covered under private motor comprehensive insurance policy
    Fire, explosion, burglary and theft, riot & civil commotion, earthquake, flood & cyclone, storm, any type of accidental loss and Act liability (Life & property)

    Definition of commercial vehicle:
    The vehicle used for hire or reward and which are not provided for under the scope of private vehicle or motor cycle and registered as commercial vehicle.

    Direct risks covered under commercial motor comprehensive insurance policy 
    Fire, explosion, burglary and theft, riot & civil commotion, earthquake, flood & cyclone, storm, any type of accidental loss and Act liability (Life & property)

    In addition in respect of a commercial vehicle which is used for carriage of passenger for hire or reward and in respect of which legal liability to passenger is required to be covered in terms of the motor vehicles Act 1991 is subject to additional premium (Passenger risk coverage is compulsory) of liability to passenger in accordance with the premium of the motor tariff



    We are devoted and sincere in everything we do. We are committed to prove ethical standard and fair activities remains at every level of our Company.


    We work diligently to build a deeper level of Trust with our Clients & Stakeholders by providing value added services.


    We believe that highly qualified and motivated professionals team work in an entrepreneurial environment results in achieving vision & mission of goal. As such APGIC bound by Teamwork environment.


    We are focused on the highest level of transparency. We exhibit timely accurate information about Company’s performance and financial results to meet the Stakeholder’s expectation.


    We aspire to achieve excellence in all that we do. We deliver what we commit and add value that goes beyond expectation. We pursue continued growth and strive to achieve the highest level of performance endeavors.


    We well come challenging services to show strength of ability, even the jobs are high risk oriented. We see risk & difficulty as an opportunity to demonstrate our ability.  


    We are committed to implement good Corporate Governance practices to provide best services & relationship with the stakeholders, clients, employees of the Company and the Board & Management of the Company as well as to achieve the goal of the Company.