Every car owner must buy a third party car insurance policy to ensure proper protection against unnecessary expenses arising from the medical treatment, property damage or a financial loss, accidental or legal liability from the end of a third party. Various reputed insurance providers in the country have come forward with effective third-party insurance plans to provide coverage to individuals against such incidents.
In simple words, it is an insurance policy that protects you from legal liabilities, which may arise in case of an accident. Suppose you hit someone’s car and caused them severe damages. In that case, your insurer will bear the expenses and/or liabilities arising from such an eventuality.
Yes, it is true that third-party car insurance is mandatory in India. When you buy a new car, it is mandatory for you to buy a car insurance plan too. According to the Motor Vehicle Act, 1988, if you are driving a car on Indian roads without a valid insurance plan, then you may face serious legal issues. So, the best thing is to avail at least a third-party insurance plan for your car.
Now, you must be thinking about the inclusions in third-party car insurance. Under a third-party policy, the insurer covers the liabilities, in case the policyholder is responsible for any injury or loss to a third party.
The insured person is termed as first party, the insurer or the insurance provider is termed as second party, and the person who is injured is considered as third party.
When you buy a car insurance plan, remember to compare multiple plans online. To know the inclusions of third-party insurance in details, let’s have a thorough look at the coverage offered by this policy:
So, these are the benefits included in third-party insurance. The above coverage offers great benefits to the insured during accidents or other inconveniences. However, this is just the tip of the iceberg. You can read our previously published article to know more about benefits of third-party insurance. Regardless, here are a few benefits:
At present, there are so many companies that offer car insurance policies. It is highly recommended to avail services only from reputed companies. Or else, your money will be wasted. To avoid confusion while buying a car insurance policy, here we have mentioned some reputed insurance companies and their services. You need to compare car insurance policies offered by these service providers and should choose accordingly:
There are many other insurance service providers in India, which offer car insurance policies. You need to compare car insurance policies keenly to ensure the best for yourself. So, start your communication with the executives of reputed insurance providers today and grab more and more information regarding third-party Car insurance policy.
From the above discussion regarding the third-party insurance plan, it supports low premiums, no-Fault liability and covers bodily injury, property damage, and even the death of a third party.
Reducing car insurance premiums is simple and straightforward. By
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Read more#Rs 2094/- per annum is the price for third-party motor insurance for private cars (non-commercial) of not more than 1000cc
*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.
+Savings are based on the maximum discount on own damage premium as offered by our insurer partners.
##Claim Assurance Program: Pick-up and drop facility available in 1400+ select network garages. On-ground workshop team available in select workshops. Repair warranty on parts at the sole discretion of insurance companies. Dedicated Claims Manager. 24x7 Claim Assistance.
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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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