To drive the car on Indian soil, you must have to fulfill a legal liability made mandatory by the Motor Vehicle Act 1988. Third-party insurance is the legal liability that you have to fulfill in order to abide by the rules and regulations made by the Government of India. It is for the safety of the citizens itself that provides cover for the third-party liabilities arising out of a road accident.
Let's look at the points of third-party car insurance and comprehensive car insurance before considering car insurance online.
Features |
Third-Party |
Comprehensive |
Coverage |
Third-party cover of liberty insurance provides cover for injury, death, property damage for up to Rs. 7.5 lakh |
The comprehensive plan of liberty insurance provides cover for the third-party loss or damage as well as own damages up to the IDV |
Cost |
Low premium rates |
Higher premium rates |
Add-on covers |
Not available |
Available on extra payment |
Personal Accident Cover |
Mandatorily provided by insurer |
Mandatorily provided by the insurance company |
Legal Requirement |
Mandatory by Law |
If the car owner wants to get cover for own damages then he/she can purchase it. |
Customization |
No customization can be done in third-party insurance |
Yes, you can customize your comprehensive insurance plan |
Liberty third-party car insurance provides financial aid to the insured for causing damage to the third-party vehicle as well as passengers. The third-party insurance plan provides cover for the death, injury, car damage, etc. that comes up after a road accident. If you have third-party insurance by liberty car insurance then you will not have to pay for the third-party loss or damage out of pocket.
Liberty Third-party insurance protects you from the following:
The amount for compensation for the permanent disability caused to the third-party whether partial or full is decided by the court of law.
The exclusions of the Liberty third-party car insurance are as follows:
Bajaj Allianz Third Party Car Insurance
Chola Ms Third Party Car Insurance
Digit Third Party Car Insurance
Future Generali Third Party Car Insurance
HDFC Ergo Third Party Car Insurance
IFFCO Tokio Third Party Car Insurance
Kotak Mahindra Third Party Car Insurance
Magma HDI Third Party Car Insurance
National Third Party Car Insurance
New India Assurance Third-Party Insurance
Oriental Third Party Car Insurance
Raheja QBE Third Party Car Insurance
Reliance General Third-Party Car Insurance
Royal Sundaram Third-Party Car Insurance
SBI General Third-Party Car Insurance
Shriram Third Party Car Insurance
Tata AIG Third Party Car Insurance
United India Third-Party Car Insurance
Universal Sompo Third Party Car Insurance
Zuno Third Party Car Insurance
Ans: The liberty third-party car insurance policy provides an optional cover for the co-passenger for up to Rs. 2 lakh
Ans: Yes, there is an optional cover for up to Rs. 2 lakh for the hired driver.
Ans: No, if you are found driving without a valid license at the time of accident then insurer will not provide you cover.
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*Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB. Actual time for transaction may vary subject to additional data requirements and operational processes.
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