New India Assurance Third-Party Insurance

Purchasing the car of your choice is no less than a dream come true but protecting yourself from any unforeseen loss or damage is also important. This is where car insurance comes into play. The Motor Vehicle Act 1988 mandates it for every car owner to purchase a third-party car insurance policy.

However, the third-party car insurance policy provides cover for the third-party liability in case your car causes any loss or damage to the third-party vehicle or passenger.

New India Assurance Third-Party Car Insurance VS Comprehensive Car Insurance

What Is Covered Under New India Assurance Third-Party Car Insurance?

New India Assurance third-party car insurance provides cover to the policyholder for the third-party liabilities. The policy provides cover for the bodily injury, death, property loss, car damage, etc. caused by the insured’s vehicle. Apart from this, it brings you peace of mind that you won’t have to pay for the third-party damages out of pocket.

New India Assurance Third-party insurance provides cover for the following:

• Bodily Injury or death of the third-party
• Personal accident cover for owner/driver
• Property damage of the third-party cover up to Rs. 1 lakh
• Permanent disability

Physical injury, permanent disability, death caused to the third party due to the accident with the insured vehicle is fully or partially compensated by the insurance company. However, the amount of compensation is decided by the court of law.

What Is Not Covered under New India Assurance Third-party car insurance?

The exclusions of third-party insurance under New India Assurance Car Insurance are as follows:

• Third-party insurance will not provide cover for the damages caused to the insured car or policyholder apart from what is covered under the personal accident cover of Rs. 15 lakh that is mandatory for the insurer to provide.
• If the insured is driving the car without a driving license then the insurer will not provide cover for any kind of loss or damage
• If the driver is found driving the car in a drunken state, the insurer will not provide cover for any loss or damage