As per Public Liability Insurance Act, 1991, Any One Accident Limit (AOA) should not be for an amount less than the amount of the paid-up capital of your company and at the same time it should not exceed INR 5 crore AOA & Any One Year Limit (AOY) Ratio is fixed to 1:3, so AOY limit shall not exceed{" "}

INR 15 crore in any case.

Transportation Liability is covered

Territory and Jurisdiction is India onl

Deductible is “Nil”

Amount equal to premium is contributed toward ERF (Environmental relief fund of Ministry of Environment)

Claim award/settlement amount is decided by the District Magistrate/ Collector

Liability in respect of each claimant is limited as per section 3 (1) of the act as:{" "}

INR 25,000 per person for fatal accidents

INR 12,500 for medical expenses incurred

Damage to private property limited to INR 6,000

fixed monthly relief not exceeding INR 1,000 per month up to a maximum of 3 months for loss of wages due to temporary partial disability