Policy exclusions :

The policy does not cover the following liabilities:

(a) Arising out of willful or intentional non compliance of any statutory provisions

(b) In respect of fines, penalties, punitive and/or exemplary damages

(c) In respect of damage to property owned, leased etc., by the insured or in his custody. This is not deemed to be third party property. The insured can avail of a separate Material Damage Policy.