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🚌⚖️ Motor Insurance· Commercial· Passenger Carrying Vehicle· the insurer· PCV

Commercial Passenger Transport — Protected by Law, Backed by the insurer — Autos· Taxis· Tempo Travellers· School Buses· Stage Carriages· Coaches — IMT 38 Passenger Liability· Yellow Plate· Transport Permit Mandatory —
Passenger Carrying Vehicle (PCV) Insurance, the insurer

the insurer's PCV Insurance covers every commercial passenger transport operator — from auto rickshaw drivers to intercity bus fleet operators. Mandatory IMT 38 Passenger Liability protects fare-paying passengers. Three-tier compulsory deductible: ₹500 / ₹1,000 / ₹1,500 by seating capacity. TP property damage ₹7.5 lakh. Operating without valid transport permit voids insurance. Section 192A criminal penalty applies.

✅ All PCV Types: Auto· Taxi· Bus· Coach✅ IMT 38: Mandatory Passenger Liability Cover✅ TP Property Damage ₹7.5 Lakh✅ 3-Tier Deductible: ₹500 / ₹1,000 / ₹1,500✅ Paid Driver + Conductor PA (IMT 17/40)✅ Stage Carriage· Contract· Tourist Permits
3rd Motor Product· 1st Commercial Motor· Yellow Plate Required· Transport Permit Mandatory· IMT 38 Compulsory· §192A Penalty Without Permit  |  IRDAI Licensed Broker — Lic. No. 528
PCV
🚌the insurer PCV InsuranceCommercial Motor· IRDAI Reg. 58
⚖️IMT 38 Passenger Liability — mandatory for all PCVs
🟡Yellow Plate + valid permit = insurance valid
📞PCV Quote 022 4302 0000
An IRDAI Licensed Insurance Broker

the insurer Motor· 3rd Motor Product· 1st Commercial Motor· Yellow Plate· Transport Permit· IMT 38

What is the insurer Passenger Carrying Vehicle (PCV) Insurance?

the insurer's PCV Insurance is a commercial motor policy for vehicles that professionally carry passengers for hire or reward — taxis, buses, autos, school vans, tempo travellers, and coaches. Governed by the Indian Motor Tariff (IMT) endorsement framework, it mandates IMT 38 Passenger Liability for all operators and requires valid transport permits. The first commercial motor product in the the insurer series — a significant step from personal vehicle insurance to professional transport operator insurance.

Confirmed From: Snippet + IRDAI PCV Policy Wording (GEN3527) + IMT Motor Insurance Tariff + TropoGo (March 2026) + RightToInformation.wiki (May 2026)

  • "It is mandatory to take motor insurance policy for all vehicle owners as per Motor Vehicle Act 1988. It safeguards against accidental damage or theft of the vehicle and also safeguards against third party legal liability for bodily injury and/or property damage. It also provides Personal Accident cover." — snippet.
  • What makes PCV distinct from Private Car (TropoGo March 2026):"Private vehicle insurance covers personal use only. Commercial vehicle insurance covers vehicles used for business purposes — passenger transport, hire, or reward. Using a privately-insured vehicle for commercial purposes (e.g., Ola/Uber without commercial endorsement) can result in claim rejection. Always insure as per the vehicle's actual use and registration (yellow number plate for commercial vehicles)."
  • Permit link to insurance (RightToInformation.wiki May 2026):"Comprehensive insurance (commercial — not private car policy; Act-only is not enough for permit) is required as part of permit documentation." And: "Without a permit, the vehicle is a 'private' vehicle — using it commercially attracts seizure and the insurance becomes void."
  • IMT 38 mandatory:"Passenger Carry Liability is mandatory cover for all passenger-carrying commercial vehicles (taxis, buses, auto rickshaws, e-rickshaws, school vans). It compensates for death or bodily injury of fare-paying passengers arising from an accident involving the insured vehicle." — TropoGo (March 2026) confirmed.
Key Features
🏛️

First Commercial Motor in Series

Private Car and Two Wheeler cover personal vehicles. PCV is the first product for professional transport operators — auto drivers, taxi fleet owners, school bus operators, stage carriage companies. Entirely different risk profile, legal framework, and IMT endorsement structure.

Commercial· Yellow Plate
⚖️

IMT 38 — Passenger Liability

"Passenger Carry Liability is mandatory cover for all passenger-carrying commercial vehicles." MACT court awards for passenger deaths in bus accidents can reach ₹20–₹80 lakh per victim. IMT 38 protects operators from this catastrophic personal liability exposure.

Mandatory IMT 38

3-Tier Deductible by Capacity

₹500 (≤17 pax)· ₹1,000 (18–36 pax)· ₹1,500 (>36 pax). from the IRDAI IMT Motor Insurance Tariff. The deductible scales with the commercial size of the vehicle — an auto pays ₹500, a full-size stage carriage bus pays ₹1,500.

IMT Tariff
💰

TP Property: ₹7.5 Lakh

Third-party property damage limit for PCVs is ₹7.5 lakh — same as private cars, and 7.5× higher than two-wheelers' ₹1 lakh limit. Full commercial vehicle TPPD protection confirmed from IMT Tariff. Covers damage to third-party vehicles, buildings, goods.

₹7.5L TPPD
🟡

Yellow Plate Mandatory

All PCVs must have yellow number plates (commercial registration). White plate + private car insurance + commercial use = claim rejected + §192A criminal penalty. Yellow plate + valid permit + PCV insurance with IMT 38 = full legal and financial protection.

Commercial Registration
👷

Driver / Conductor Cover

IMT 40: Legal liability to paid driver/conductor/cleaner (₹25/employee). IMT 17: Personal accident cover for paid driver/cleaner/conductor. School bus insurance requires additional statutory PA cover for students. Complete protection for the commercial transport workforce.

IMT 17 + 40

RiskBirbal + TropoGo + Parivahan Sewa

Which Vehicles Need PCV Insurance?

"Passenger carrying vehicles include auto, Tempo Traveler, school bus, and Maxi cab." the insurer PCV Insurance covers all eight categories of commercial passenger transport vehicles operating under valid transport permits in India.

🛺

Auto Rickshaw

Metered autos, shared autos, e-rickshaws, city transport 3-wheelers. Most common PCV in India — millions of operators. Deductible: ₹500.

Taxi/Auto Permit· ≤17 pax
🚖

Taxi / Cab

Metered taxis, radio cabs, Ola/Uber commercial cabs. Must have yellow plate + commercial policy. Up to 6 passengers + driver. Deductible: ₹500/₹1,000 by cc.

Taxi Permit· ≤6+1 pax
🚐

Maxi Cab

Up to 13 passengers including driver. Fixed route city vehicles. Maxi Cab permit from STA. Common in Delhi, Mumbai for last-mile connectivity. Deductible: ₹500.

Maxi Cab Permit· ≤13 pax
🚐

Tempo Traveller

7–12 seater. Force Traveller, Tata Winger, Mahindra Tourister. Contract carriage for group travel, pilgrimages, corporate transfers. Deductible: ₹500–₹1,000 by capacity.

Contract Carriage· 7–17 pax
🚌

School Bus / Van

Contract carriage permit for educational institutions. "School bus insurance requires additional statutory PA cover for students and the driver." Special child safety compliance required. Deductible: ₹1,000.

Contract Carriage· School
🚌

Stage Carriage (City Bus)

Public buses on fixed routes with scheduled stops. KSRTC, BEST, DTC-type private operator buses. Fares regulated by STA. Stage Carriage Permit under Section 70 MV Act. Deductible: ₹1,000–₹1,500.

Stage Carriage Permit
🎡

Tourist Coach / Bus

Long-distance interstate tourist transport. AC coaches, Volvo buses, sleeper buses. All-India Tourist Permit. "Vehicles carrying tourists for intercity or interstate travel." Deductible: ₹1,500.

Tourist Permit· Interstate
🏢

Employee Transport

Corporate shuttle services, IT company employee transport. Private Service Vehicle (PSV) permit. Not open to public — only for company employees. Common for large corporate campuses. Deductible: ₹500–₹1,000.

PSV Permit· Corporate
⚠️

Ola/Uber Drivers: You MUST Have PCV Insurance — Not Private Car Insurance

  • The problem:Many app-based taxi drivers operate their vehicle under a private car registration (white plate) with private car insurance. This is a critical mistake — commercial use of a privately-insured vehicle voids the insurance.
  • The legal requirement:App-based ride-hailing vehicles (Ola, Uber, Rapido cars) must be registered as commercial transport vehicles (yellow plate), hold a valid taxi permit, and carry PCV insurance with IMT 38 Passenger Liability.
  • The consequence of non-compliance:"Using a privately-insured vehicle for commercial purposes can result in claim rejection." — TropoGo (March 2026). If you have an accident during a ride with white plate + private car policy: your claim is rejected, the passenger has no IMT 38 coverage, and you face criminal liability under §192A.
  • The solution:Yellow plate + valid taxi permit + the insurer PCV insurance with IMT 38. Call 022 4302 0000 — Probitas will help you convert your vehicle to proper commercial registration and the insurer PCV policy.

IRDAI IMT Tariff + the insurer Commercial Vehicle Policy Wording (GEN740) + TropoGo

What the insurer PCV Insurance Covers

the insurer PCV Package Policy covers two sections plus mandatory IMT endorsements. Section I protects the vehicle. Section II protects against third-party claims. IMT 38 (Passenger Liability) and IMT 40 (Paid Driver/Conductor) are mandatory for commercial passenger operators. IMT 17 and 45 are standard extensions.

Section I — Own Damage (All 10 Perils)

💥 Accident / Collision Damage

Damage from collision, overturning, or rollover — the most common PCV claim. Bus accidents, taxi collisions, auto rickshaw crashes. Partial or total damage up to IDV.

Most Common PCV Claim

🔥 Fire· Explosion· Lightning

Fuel system fires, electrical short-circuits, engine bay fires, lightning strikes. PCV fires can have severe consequences given passenger occupancy — comprehensive fire cover essential.

🔒 Theft & Burglary

Complete vehicle theft: IDV paid minus salvage. FIR mandatory for all theft claims. Commercial vehicles (buses, coaches) can have high IDV — theft protection critical for fleet operators.

🌊 Flood· Cyclone· Earthquake

Flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, earthquake (fire and shock). Natural calamity coverage for all PCV types operating in India's diverse climate zones.

✊ Riot· Strike· Malicious Act

PCV operators — especially bus and taxi drivers — face heightened risk from riots and political unrest. Commercial vehicles are often targeted in civil disturbances. Covered under own damage.

⚡ Terrorist Act

Terrorist acts targeting commercial vehicles — buses, tourist coaches, and taxis are high-visibility targets. Terrorist act coverage included in standard the insurer PCV package policy.

🚂 In Transit

Damage while being transported by road, inland waterway, lift, elevator, or air. Relevant for fleet operators moving vehicles between depots, or buses being transported for servicing.

⛰️ Landslide· Rockslide

Critical for tourist coaches and stage carriages operating in hill stations — Shimla, Manali, Darjeeling, Munnar routes. Landslide and rockslide damage covered under own damage.

Section II — Third-Party Liability + IMT Endorsements

👤 Death / Injury — Third Party (Unlimited)

Unlimited liability as per court award for death or bodily injury to any third party. No upper cap. Court-determined MACT compensation — which can be substantial in fatality cases involving high-earning individuals.

Unlimited· No Cap

🏠 Third-Party Property Damage ₹7.5 Lakh

"Commercial Vehicles: Rs. 7.50 lakhs." ₹7.5 lakh TPPD — same as private cars and 7.5× more than two-wheelers. Covers damage to third-party vehicles, buildings, goods from PCV accidents.

₹7.5L Limit· IMT Confirmed

⚖️ IMT 38 — Passenger Liability (Mandatory)

"Legal Liability to Fare Paying Passengers — the insurer will indemnify the insured against liability for compensation for death of or bodily injury to any person being carried in or upon or entering or mounting or alighting from the Motor Vehicle." MANDATORY for all PCVs.

Mandatory· Fare-Paying Pax

👷 IMT 40 — Paid Driver/Conductor/Cleaner

"Legal Liability to paid Driver and/or Conductor and/or Cleaner employed in connection with the operation of Motor Vehicle. Additional premium @ Rs.25/- per employee." Mandatory extension for buses, taxis and three/four-wheelers under commercial vehicles tariff.

₹25/employee· Mandatory

🧑‍🚀 IMT 17 — PA for Driver/Cleaner/Conductor

"Personal Accident Cover to Paid Drivers, Cleaners and Conductors — compensation for bodily injury sustained by the paid driver/cleaner/conductor whilst mounting into, dismounting from, or traveling in the insured vehicle."

PA Cover· Workforce

🔄 IMT 45 — Indemnity to Hirer

"Indemnity to Hirer — Liability only Policy — Negligence of the Owner or Hirer." For rental or contract carriage vehicles: indemnifies the hirer against liability arising from owner's or hirer's negligence. Relevant for contract carriage and tourist vehicles.

Contract Carriage

IRDAI PCV Policy Wording + TropoGo March 2026· Most Critical PCV-Specific Cover

IMT 38 — Passenger Liability: The Cover That Protects Your Entire Business

"Passenger Carry Liability is mandatory cover for all passenger-carrying commercial vehicles (taxis, buses, auto rickshaws). It compensates for death or bodily injury of fare-paying passengers arising from an accident involving the insured vehicle." — TropoGo (March 2026) confirmed. IMT 38 is the most consequential mandatory cover in Indian commercial motor insurance — and exists in NO private car or two-wheeler policy.

❌ Without IMT 38 Passenger Liability

  • ❌ Bus accident — 20 passengers injured — YOU are personally liable for ALL compensation
  • ❌ MACT (Motor Accident Claims Tribunal) court issues notice — no legal defence provided by insurer
  • ❌ Court awards ₹25 lakh per working-age victim — total: crores of rupees of personal liability
  • ❌ Vehicle seized by court pending compensation payment
  • ❌ Bus permit suspended for non-payment of passenger compensation
  • ❌ Criminal liability if unable to pay court-awarded compensation
  • ❌ Business permanently destroyed — all assets at risk
  • ❌ School bus: parents of injured students file personal cases against operator

✅ With IMT 38 Passenger Liability (the insurer)

  • ✅ the insurer pays MACT-awarded compensation to injured/deceased passengers
  • ✅ the insurer assigns legal counsel and represents you at MACT tribunal
  • ✅ Your personal assets — house, savings, other vehicles — fully protected
  • ✅ Vehicle returned; business continues operating after claim settlement
  • ✅ Permit remains valid — compliance maintained
  • ✅ the insurer manages all legal correspondence with court and claimants
  • ✅ School bus: the insurer covers statutory student PA claims on your behalf
  • ✅ Toll-free claim support: 022 4302 0000 (24×7)

⚠️ Overloading Proration — The IMT 38 Proportionate Liability Rule (IRDAI Policy Wording)

IMT Motor Insurance Tariff — from IRDAI Official Document

Compulsory Deductibles — Three Tiers by Seating Capacity

PCV compulsory deductibles are determined by seating capacity — from the IRDAI IMT Motor Insurance Tariff. The deductible scales with the commercial size of the vehicle. Applied at every own-damage claim settlement. Non-negotiable and non-waivable.

🛺🚖🚐
Tier 1· Small PCV

Up to 17 Passengers

₹500

Auto rickshaws· Taxis (≤1500cc)· Maxi cabs· Tempo (≤17 pax)· Metered cabs

Also: Taxis / Three Wheelers rated as commercial vehicles (not exceeding 1500cc) = ₹500

₹500 per claim· IMT Tariff confirmed
🚐🚌
Tier 2· Medium PCV

18 to 36 Passengers

₹1,000

Tempo Travellers· School buses· Minibuses· Employee vans· Taxis/3W above 1500cc

Also: Taxis / Three Wheelers (exceeding 1500cc) = ₹1,000

₹1,000 per claim· IMT Tariff confirmed
🚌🎡
Tier 3· Large PCV

Above 36 Passengers

₹1,500

Full-size city buses· Stage carriages· Tourist coaches· Interstate Volvo buses· Sleeper coaches

The largest commercial passenger vehicles — full stage carriage and intercity buses

₹1,500 per claim· IMT Tariff confirmed
💡

How Deductibles Affect PCV Claims — Practical Examples

  • Auto rickshaw owner (≤17 pax):Damage claim of ₹8,000. Compulsory deductible: ₹500. the insurer pays ₹7,500 (before parts depreciation). With zero-dep add-on: the insurer pays ₹7,500 net. The ₹500 deductible is very manageable for auto operators.
  • School bus operator (18–36 pax):Accident claim of ₹45,000 repair. Compulsory deductible: ₹1,000. the insurer pays ₹44,000 (before parts depreciation). The ₹1,000 deductible reflects the larger vehicle and higher potential claim amounts.
  • Stage carriage operator (>36 pax):Major accident, repair estimate ₹2,50,000. Compulsory deductible: ₹1,500. the insurer pays ₹2,48,500 (before depreciation). For large buses, ₹1,500 is negligible versus the claim value — and the real protection comes from IMT 38 passenger liability.
  • Total Loss (75% IDV rule):Same as private cars — if repair cost exceeds 75% of IDV, the vehicle is declared Total Loss and the insurer pays IDV minus salvage value. Compulsory deductible still applies at Total Loss settlement.

Motor Vehicles Act 1988· Parivahan Sewa· RightToInformation.wiki May 2026

Transport Permits — The Legal Foundation of PCV Insurance

Any vehicle carrying passengers for hire or reward must hold a valid Transport Permit under Section 87/70 of the Motor Vehicles Act 1988. PCV insurance is ONLY valid when the vehicle is operating under a valid permit. Operating without a permit voids insurance and creates criminal liability. "Comprehensive insurance (commercial — not private car policy) is required as part of permit documentation." — RightToInformation.wiki (May 2026).

🚌

Stage Carriage Permit

Section 70 of MV Act. City/interstate buses on fixed routes with scheduled stops. Fares determined by State Transport Authority (STA). KSRTC, BEST, DTC-type private operator buses. Fixed route, fixed timetable, public boarding/alighting.

Fixed Route· Public Bus
🚐

Contract Carriage Permit

"Vehicles that carry passengers on a contract basis. Common examples are school buses, employee shuttles, and vehicles that serve institutions on agreements." No fixed route — operates on contract/agreement with specific clients.

School· Corporate· Charter
🎡

Tourist Permit

"Vehicles carrying tourists for intercity or interstate travel. Tourist buses and cars used for tourism services." All-India Tourist Permit for interstate operations. AC coaches, Volvo buses for tourism circuits.

Tourist· All-India· Interstate
🏢

Private Service Vehicle Permit

"Vehicles used by companies to transport their employees only and not public passengers." Corporate shuttle, IT campus bus, factory worker transport. Not open to general public — employees only.

Corporate· Employee Only
🚖

Taxi / Cab Permit

Metered taxis, radio cabs, app-based commercial cabs (Ola, Uber, Rapido). Auto rickshaws, e-rickshaws. Requires yellow plate, driver's badge from RTO, and valid taxi permit from State Transport Authority.

Taxi· Cab· Auto· App-Based
⚠️

WITHOUT A VALID TRANSPORT PERMIT: Insurance is VOID + Criminal Penalty

  • Insurance voids (RightToInformation.wiki May 2026):"Without a permit, the vehicle is a 'private' vehicle — using it commercially attracts seizure and the insurance becomes void." Operating a commercial passenger vehicle without a valid permit means that ANY accident occurring during that illegal commercial operation is NOT covered by the insurer insurance.
  • Criminal penalty under §192A MV Act:Penalty up to ₹10,000 + imprisonment up to 6 months for using a transport vehicle without a valid permit. The vehicle is also liable to seizure by traffic authorities or police.
  • Comprehensive insurance required for permit:"Comprehensive insurance (commercial — not private car policy; Act-only is not enough for permit)" must be submitted as part of the permit application documents. A valid the insurer PCV package policy is required to obtain and renew your transport permit.
  • Ensure permit and insurance renew together:Transport permits are renewed annually or triennially. Ensure your the insurer PCV policy renewal date aligns with your permit renewal to avoid any gap in coverage. Call 022 4302 0000 — Probitas will track both renewals together.

TropoGo March 2026· Commercial Registration· Yellow Plate Law

Yellow Number Plate — The Commercial Vehicle Marker

"Always insure as per the vehicle's actual use and registration (yellow number plate for commercial vehicles)." — TropoGo (March 2026) confirmed. The yellow number plate is India's universal symbol of commercial transport. It is not optional — it is legally mandated for all vehicles operating as commercial passenger carriers.

❌ White Number Plate — WRONG for Commercial Use

MH 02 AB 1234
  • ❌ White plate = private vehicle registration
  • ❌ Ola/Uber driver using private car registration
  • ❌ Private car insurance — NOT commercial PCV policy
  • ❌ Accident during a paid ride: claim REJECTED
  • ❌ Passenger injury: NO IMT 38 coverage — personal liability
  • ❌ §192A violation: ₹10,000 fine + jail up to 6 months
  • ❌ Insurance company can deny ALL claims from this vehicle
  • ❌ No valid permit possible with white plate for commercial use

✅ Yellow Number Plate — CORRECT for Commercial Transport

MH 02 AB 1234
  • ✅ Yellow plate = commercial vehicle registration (Transport Vehicle in RC)
  • ✅ Valid transport permit (taxi/stage/contract/tourist/PSV)
  • ✅ the insurer PCV insurance with IMT 38 Passenger Liability
  • ✅ All accident claims covered — including passenger injuries
  • ✅ Legally operating as fare-paying passenger transport
  • ✅ Full the insurer claims network and legal protection
  • ✅ Permit renewal with the insurer PCV policy document
  • ✅ Driver's badge (RTO), fitness certificate, PUC all valid

📋 Documents Required for the insurer PCV Insurance

the insurer + IRDAI Standard· Three Claim Types· MACT Process

How to File an the insurer PCV Insurance Claim

Three claim types: accidental damage (own vehicle), theft, and passenger injury under IMT 38 (MACT process). Critical rule for own damage: DO NOT repair without the insurer surveyor approval. For passenger injury: inform the insurer immediately and forward all court/MACT notices. the insurer Toll-Free: 022 4302 0000.

💥 Accidental Damage Claim

  1. Intimate the insurer immediately: call 022 4302 0000. For major accidents with injuries, file FIR with police. Get claim reference number.
  2. For major vehicle loss, the insurer arranges a spot survey at the accident site. Do NOT move the vehicle or start repairs without surveyor clearance.
  3. Obtain Claim Form from the insurer office. Submit with: RC (yellow plate), valid transport permit, fitness certificate, driving licence (with transport endorsement), repair estimate.
  4. the insurer surveyor inspects the damage within 72 hours. Surveyor approves repair scope and workshop. Repairs begin only after surveyor approval.
  5. Repairs completed. the insurer settles with cashless workshop directly (if network garage) or reimburses you on bill submission. You pay: compulsory deductible + depreciation on parts (unless zero-dep held).

⚖️ Passenger Injury Claim (IMT 38 / MACT)

  1. Accident with passenger injuries: call the insurer 022 4302 0000 IMMEDIATELY. File FIR with police. Get medical help for injured passengers — your moral and legal obligation.
  2. Inform the insurer of every passenger injury claim — even minor ones. the insurer needs to track all potential MACT claims arising from the accident. Do NOT make any payment to passengers directly.
  3. On receipt of MACT court summons or notices: forward to the insurer immediately. Do NOT ignore or delay court notices — contempt of court consequences can arise from ignored MACT summons.
  4. the insurer assigns a lawyer and manages your legal defence at MACT tribunal. Submit all documents: RC, permit, fitness certificate, DL, FIR, passenger list (if available).
  5. the insurer pays court-awarded compensation to injured passengers or their nominees. Your IMT 38 cover responds fully — protecting your personal assets and business continuity.

🔒 Theft Claim

  1. Lodge FIR (First Information Report) with police immediately. Mandatory for all commercial vehicle theft claims. Also inform RTO and transport permit authority.
  2. Call the insurer: 022 4302 0000. Submit FIR copy, RC (yellow plate), transport permit, all keys, fitness certificate.
  3. Obtain Claim Form from the insurer. Submit duly completed with all required documents. the insurer appoints investigator to coordinate with police.
  4. Submit Final Police Report as soon as received from police (typically after 90-day investigation). Extend full cooperation to the insurer investigator.
  5. the insurer settles at IDV (for vehicles beyond 5 years: agreed value). RC cancellation at RTO and permit cancellation are mandatory before final settlement. Fleet operators: inform all relevant transport authorities.

RiskBirbal + IRDAI + TropoGo· PCV-Specific Exclusions

What the insurer PCV Insurance Does NOT Cover

PCV exclusions include standard motor exclusions plus PCV-specific exclusions around permit validity and overloading. The permit-void exclusion is uniquely critical — an exclusion that exists in no personal motor insurance product in the entire the insurer series.

📋 Operating Without Valid Permit — Insurance VOID

"Without a permit, the vehicle is a 'private' vehicle — using it commercially attracts seizure and the insurance becomes void." — RightToInformation.wiki (May 2026). Operating your PCV commercially without a valid transport permit (Stage Carriage, Contract, Tourist, PSV, Taxi) voids all claims during that illegal operation.

⚖️ Overloading — Proportionate IMT 38 Liability

"In the event of an accident whilst the Motor Vehicle is carrying more than the licensed carrying capacity, the insured shall repay [proportionate amount]." Policy Wording. Overloading triggers proportionate reduction in IMT 38 coverage. 20-seater carrying 25 pax: insurer pays 80%, operator bears 20% personally.

🍺 Drunk Driving / Invalid Transport Licence

Driving under influence of alcohol or drugs — claim rejected. Driving without a valid DL with transport endorsement (HPV badge for buses, LMV-T for taxis) — claim rejected. Standard DL without transport endorsement is insufficient for PCV operation.

🔩 Wear & Tear / Mechanical Breakdown

"It doesn't include electrical or mechanical breakdown." Engine wear, brake pad replacement, tyre replacement from normal use — routine maintenance costs are not covered. PCV insurance covers sudden accidental losses, not operational maintenance.

📦 Consequential Loss

Income loss from inability to operate the vehicle during repair — daily earnings of an auto/taxi driver, route revenue of a bus — is not covered. The insurance covers the vehicle damage; not the operational revenue lost while it's being repaired.

☢️ War and Nuclear Risks

Universal insurance exclusion. Damage from war, invasion, civil war, armed conflict, or nuclear events is not covered. No Indian commercial motor insurance product covers these risks.

🧑‍🤝‍🧑 Employee Injuries (Standard IMT 38)

"IMT 38 — Legal Liability to Fare Paying Passengers EXCLUDING liability for accidents to employees of the Insured arising out of and in the course of their employment." wording exactly. Employee injuries are NOT covered under IMT 38 — they are covered under Employees Compensation Insurance or IMT 17/40.

🚫 White Plate + Private Car Policy

If you operate a commercial taxi/bus with a white number plate and private car insurance — any claim during commercial operation is rejected. White plate = private vehicle. Commercial operation requires yellow plate + PCV policy. Using wrong policy type is an exclusion applicable to all claims made during commercial use.

Vehicle Type· Seating Capacity· IDV· NCB → Indicative Premium

the insurer PCV Premium Estimator

PCV premium = Own Damage (OD) + Third Party (TP fixed by IRDAI) + IMT 38 Passenger Liability + IMT 40 Paid Driver/Conductor + other IMT endorsements + 18% GST. OD is based on IDV and vehicle class. TP and IMT rates are IRDAI-fixed. Call 022 4302 0000 for exact the insurer PCV premium for your vehicle and permit type.

🚌 the insurer PCV Premium Calculator

Enter your vehicle details for an indicative annual PCV insurance premium. Actual the insurer premium depends on vehicle class, zone, permit type, and specific the insurer underwriting for commercial vehicles.

⚠️ INDICATIVE ONLY. Actual the insurer PCV premium depends on vehicle class, zone (metro/non-metro), permit type, route, specific the insurer underwriting for commercial vehicles, and claims history. IMT rates shown are approximate. Call 022 4302 0000 for exact the insurer PCV commercial vehicle premium and fleet discount options.

the insurer PCV Insurance — Frequently Asked Questions

Frequently Asked Questions

the insurer Passenger Carrying Vehicle (PCV) Insurance is a commercial motor policy for vehicles that professionally carry passengers for hire or reward. It is fundamentally different from Private Car Insurance:

Key differences:
Yellow plate vs White plate: PCV requires commercial vehicle registration (yellow number plate). Private car uses white plate.
Transport permit: PCV requires a valid transport permit (taxi/stage carriage/contract carriage/tourist/PSV) from STA. Private car needs no permit.
IMT 38 Passenger Liability: Mandatory for all PCVs — covers compensation for fare-paying passenger injuries. Not available in private car insurance.
IMT 40 Paid Driver/Conductor: Mandatory extension for PCVs. Not applicable in private car insurance.
Deductibles: PCV uses three-tier deductible (₹500/₹1,000/₹1,500 by seating capacity). Private cars: ₹1,000/₹2,000 by engine cc.
Void condition: Operating without valid permit voids PCV insurance. No permit requirement for private cars.

Why the difference matters:
A taxi driver using private car insurance and white number plate for Ola/Uber rides: ANY accident during that ride = claim rejected + §192A criminal penalty + IMT 38 not applicable = personal liability for all passenger injuries.

Call 022 4302 0000 for full the insurer PCV policy guidance.
"Passenger carrying vehicles include auto, Tempo Traveler, school bus, and Maxi cab." All eight PCV categories require the insurer PCV insurance:

1. Auto Rickshaws / 3-Wheelers: Metered autos, shared autos, e-rickshaws. Most common PCV in India.
2. Taxis and Cabs: Metered taxis, radio cabs, Ola/Uber commercial vehicles (yellow plate + taxi permit required).
3. Maxi Cabs: Up to 13 passengers including driver. Fixed route city vehicles.
4. Tempo Travellers: 7–12 seater. Contract carriage for group travel, pilgrimages, corporate transfers.
5. School Buses / School Vans: Contract carriage permit for educational institutions. Special statutory PA for students.
6. Stage Carriages (City Buses): Public buses on fixed routes with STA-regulated fares. KSRTC, BEST-type private operators.
7. Tourist Coaches / Buses: Long-distance interstate. AC coaches, Volvo buses. All-India Tourist Permit.
8. Employee Transport: Corporate shuttle services. Private Service Vehicle (PSV) permit. IT company buses.

How to confirm your vehicle needs PCV insurance:
If your vehicle carries passengers for payment (fare, contract, subscription, corporate contract) and has a yellow number plate or is required to have one — you need PCV insurance. Call 022 4302 0000 — Probitas will confirm the correct policy type for your specific vehicle and permit.
"Passenger Carry Liability is mandatory cover for all passenger-carrying commercial vehicles (taxis, buses, auto rickshaws). It compensates for death or bodily injury of fare-paying passengers arising from an accident." — TropoGo (March 2026) confirmed.


"In consideration of an additional premium, the insurer will indemnify the insured against liability at Law for compensation (including Law Costs of any claimant) for death of or bodily injury to any person being carried in or upon or entering or mounting or alighting from the Motor Vehicle."

What this means in practice:
If a passenger in your bus, taxi, or auto is injured or killed in an accident — and they (or their family) file a MACT (Motor Accident Claims Tribunal) claim against you — the insurer pays the court-awarded compensation and provides legal representation at the tribunal. Without IMT 38, you face this potentially crore-level liability personally.

Why so consequential:
MACT awards for passenger deaths in bus accidents can reach ₹20–₹80 lakh per victim for working-age individuals. A bus with 40 passengers involved in a fatal accident creates potential IMT 38 liability of ₹20+ crore. IMT 38 is the most consequential mandatory motor cover in India.

Overloading proration:
If your bus is carrying more passengers than licensed capacity at the time of accident, the insurer pays proportionately (licensed capacity / actual occupancy). Overloading increases your personal exposure under IMT 38. Never overload your PCV. Call 022 4302 0000 immediately for IMT 38 coverage.
PCV compulsory deductibles are determined by seating capacity — from the IRDAI IMT Motor Insurance Tariff:

Tier 1 — Up to 17 passengers (auto, taxi ≤1500cc, maxi cab): ₹500 per claim
Tier 2 — 18 to 36 passengers (tempo traveller, school bus, minibus): ₹1,000 per claim
Tier 3 — Above 36 passengers (full-size bus, stage carriage, coach): ₹1,500 per claim
Special: Taxis/3-wheelers above 1500cc: ₹1,000 per claim

How it works:
At every own-damage claim settlement, the compulsory deductible is deducted before the insurer pays the balance. For a ₹50,000 repair claim on a school bus (18–36 pax tier): the insurer pays ₹49,000, you pay ₹1,000 compulsory deductible.

Comparison with private vehicles:
Private car ≤1500cc: ₹1,000 deductible. Two-wheeler: ₹100. Auto rickshaw PCV: ₹500. School bus: ₹1,000. Stage carriage bus: ₹1,500. The PCV deductible structure reflects the commercial size — larger vehicles = higher deductible but also typically higher claim amounts.

Deductibles do NOT apply to IMT 38 Passenger Liability claims — those are settled separately as legal liability claims without a compulsory deductible. Call 022 4302 0000 for PCV deductible advice for your specific vehicle.
"IMT 40 — Legal Liability to paid Driver and/or Conductor and/or Cleaner employed in connection with the operation of Motor Vehicle. Additional premium @ Rs.25/- per employee." exactly.

Why IMT 40 is required for PCVs:
Standard motor insurance covers third-party strangers but not the vehicle owner's own employees. A paid conductor who is injured in a bus accident is an employee — not a "third party" in the conventional sense — and is not covered under standard TP liability. IMT 40 specifically covers this gap.

What IMT 40 covers:
Legal liability of the PCV operator to pay compensation to paid driver/conductor/cleaner for injury or death arising while they are employed in connection with the vehicle. Court-ordered compensation, legal costs.

IMT 40 cost:
"Additional premium @ Rs.25/- per employee." — IMT Tariff. For a bus with a driver + conductor + cleaner: ₹25 × 3 = ₹75 additional premium for IMT 40. Negligible cost for mandatory protection.

IMT 17 (PA cover for Driver/Conductor) vs IMT 40 (Liability):
IMT 40 covers legal liability (court-awarded compensation). IMT 17 covers personal accident (fixed compensation scale for death, disability). Both are needed for comprehensive workforce protection. IMT 17 is especially important for school bus drivers and conductors. Call 022 4302 0000 for IMT 40/17 pricing for your workforce.
"Without a permit, the vehicle is a 'private' vehicle — using it commercially attracts seizure and the insurance becomes void." — RightToInformation.wiki (May 2026) confirmed.

Three consequences of operating without valid permit:

1. Insurance becomes void: Any accident during illegal commercial operation (without valid permit) = insurance claim rejected. the insurer is not liable to pay for claims arising from operations conducted without the mandatory transport permit.

2. Criminal penalty under §192A MV Act: Fine of up to ₹10,000 + imprisonment up to 6 months. Vehicle liable to seizure by traffic authorities or police.

3. Passenger liability fully personal: If you carry passengers without a valid permit and have an accident: no IMT 38 cover applies (insurance void), all passenger compensation is your personal liability — potentially crores for multiple passenger fatalities.

Common permit expiry scenario:
Your Stage Carriage permit expires on March 31. You continue operating from April 1 without renewal (permit pending). An accident occurs on April 5. the insurer investigates — discovers no valid permit on the date of accident. Claim rejected. This is a very common real-world scenario that devastates commercial operators who allow permit renewals to lapse.

How to avoid this:
Renew permit and the insurer PCV insurance TOGETHER — same renewal date. Probitas (022 4302 0000) will track both renewals and alert you before expiry. Never operate your PCV even one day after permit expiry.
The yellow number plate is India's commercial vehicle registration marker. All vehicles operating as commercial passenger carriers must have yellow plates — confirmed by TropoGo (March 2026) and the Motor Vehicles Act 1988.

What yellow plate signifies legally:
→ Vehicle is registered as a "Transport Vehicle" in the Registration Certificate (RC)
→ Vehicle is subject to commercial vehicle regulations — fitness certificate, PUC, permit requirements
→ Driver must have driving licence with transport endorsement (not just private car DL)
→ Vehicle must carry PCV insurance, not private car insurance

The Ola/Uber white plate problem:
"Using a privately-insured vehicle for commercial purposes can result in claim rejection." — TropoGo (March 2026). A taxi driver using their personal car (white plate, private car insurance) for app-based rides:
→ Accident during a paid ride: insurance claim REJECTED (commercial use of privately-insured vehicle)
→ Passenger injured: no IMT 38 coverage — personal liability for all compensation
→ §192A criminal penalty: ₹10,000 fine + jail up to 6 months for operating commercial vehicle without permit

How to convert to yellow plate + PCV insurance:
Step 1: Apply to RTO for "conversion from private to commercial" registration
Step 2: Obtain taxi/cab permit from State Transport Authority
Step 3: Get the insurer PCV policy from Probitas with IMT 38 Passenger Liability
Step 4: Get fitness certificate, PUC, driver badge (taxi operators)

Call 022 4302 0000 — Probitas will guide you through the complete conversion and the insurer PCV policy setup.
"Commercial Vehicles — Three Wheelers and Taxis: Rs. 7.50 lakhs." and "Commercial Vehicles (Excluding Three Wheelers, Taxis and motorized two wheelers): Rs. 7.50 lakhs." exactly.

Third-party property damage (TPPD) limit for PCVs: ₹7.5 lakh

This covers damage to third-party vehicles, buildings, goods, or other property caused by your PCV in an accident. Maximum ₹7.5 lakh per event.

Comparison across vehicle categories:
Private cars: ₹7.5 lakh TPPD
Commercial vehicles (PCV): ₹7.5 lakh TPPD — same as private cars
Two-wheelers: ₹1 lakh TPPD — much lower

Why PCV gets ₹7.5 lakh like private cars:
PCVs — especially buses — can cause significant property damage in accidents. A bus collision with a car can easily exceed ₹7.5 lakh in car damage. The ₹7.5 lakh TPPD limit reflects the commercial scale of PCV operations.

When ₹7.5 lakh may not be enough:
If your bus collides with a premium car and causes damage exceeding ₹7.5 lakh in property damage: you are personally liable for the excess beyond ₹7.5 lakh. The statutory cap is non-negotiable under the IMT tariff. However, third-party BODILY INJURY/DEATH remains UNLIMITED — no cap applies to human life/injury compensation under MACT.
PCV Insurance has all standard motor exclusions PLUS two PCV-specific critical exclusions: permit void and overloading proration.

PCV-Specific Exclusions:

1. Operating without valid permit: Insurance void during any commercial operation conducted without a currently valid transport permit. The most catastrophic exclusion — voids ALL coverage including IMT 38 passenger liability.

2. Overloading (IMT 38 proration): "In the event of an accident whilst the Motor Vehicle is carrying more than the licensed carrying capacity, the insured shall repay [proportionate amount]." wording. Carrying 25 passengers in a 20-seater: insurer pays 80% (20/25), operator bears 20% of all passenger claims personally.

Standard Motor Exclusions:
→ Depreciation (unless zero-dep add-on)
→ Electrical/mechanical breakdown
→ Driving without valid DL with transport endorsement
→ Driving under influence of alcohol/drugs
→ Consequential loss (loss of daily earnings during repair)
→ War and nuclear risks
→ Use for unauthorized purposes (different from permit scope)

Employee injuries under standard IMT 38:
"IMT 38 — Legal Liability to Fare Paying Passengers EXCLUDING liability for accidents to employees of the Insured." Employee injuries (driver/conductor/cleaner) are covered under IMT 17/40, not IMT 38. All four IMT covers needed for complete protection.
"School bus insurance requires additional statutory PA cover for students and the driver." — TropoGo (March 2026) confirmed. School buses have special legal compliance requirements beyond standard PCV insurance.

School Bus Insurance Requirements:

1. Contract Carriage Permit: School buses operate under Contract Carriage Permit — vehicle carries specific school students on specific routes on contract basis. Not a public transport vehicle.

2. IMT 38 Mandatory: Passenger Liability for student passengers — if a student is injured in a school bus accident, IMT 38 covers MACT compensation to parents/guardians on behalf of the school bus operator.

3. Statutory PA for students: "Additional statutory PA cover for students" Some state governments mandate specific per-student PA cover beyond IMT 38. Check with your state RTO/transport authority for specific mandates.

4. IMT 17 for Driver and Conductor: School bus driver and conductor/ayah (if employed) need IMT 17 PA cover. School bus accidents with driver injuries are common — IMT 17 protects the school bus operator's liability to their workforce.

Fitness Certificate obligation (all PCVs, not just school buses):
All commercial vehicles must have a valid Fitness Certificate (Form 38) issued by the RTO after annual inspection. Fitness Certificate certifies that the vehicle meets safety standards — brakes, lights, tyres, body condition. An expired Fitness Certificate = claims potentially void + permit renewal blocked + ₹5,000 fine for operating without valid FC.

School buses additionally require: speed governor (not exceeding 40 km/h for school buses), CCTV, first aid kit, GPS, and attendant/ayah for primary school children — as per Motor Vehicles (Amendment) Act requirements. Call 022 4302 0000 for complete school bus insurance structuring.

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By submitting you agree to our Privacy Policy and Terms & Conditions. the insurer PCV Insurance· Motor Vehicles Act 1988· IMT Tariff· IRDAI IMT 38 Passenger Liability is mandatory for all PCVs. Valid transport permit required. Premium, IDV, and IMT rates depend on vehicle class, permit type, zone, and the insurer underwriting. Probitas Insurance Brokers Pvt. Ltd.· IRDAI Lic. No. 528.

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