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Third Party Car Insurance is the most basic insurance cover you can have for your four wheeler; it is to your car what butter is to bread.
Without it, your car is virtually useless because you cannot legally drive your vehicle without a valid car insurance cover for third party liability coverage at the least. As per the Indian Motor Vehicles Act 1988, it’s mandatory for every car plying on roads to have a third party liability cover.
Not only does Third Party Car Insurance help you meet the statutory requirement, but it also cushions you from unexpected expenses. Compensation expenses for injuries caused or accidental death to a third party can be quite high, and can deplete your savings as quickly as sand slipping through your fingers.
What’s more is that Third Party Car Insurance helps you maintain your peace of mind. Financial and legal repercussions aside, knowing that someone is suffering because of you is not the best for your personal wellbeing.
With our Third Party Car Insurance Policy, we help you take responsibility for any mishaps involving you and your car while taking care of the financial burden of the same.
Third-party car insurance, also known as Third-Party Liability (TPL) insurance, is a basic mandatory car insurance policy in India. It financially protects you from legal and financial liabilities arising from injuries or property damage caused to a third party (people or vehicles) by your car in an accident. In simpler terms, if you cause an accident and injure someone or damage another person's car, the 3rd party car insurance covers the costs associated with those damages, not your car's repairs.
An online third-party car insurance offers essential coverage:
Third-Party Bodily Injury : Covers medical expenses, disability compensation, or death benefits for third parties injured in an accident caused by your vehicle.
Third-Party Property Damage : Covers repairs or replacement costs for property damaged by your car, including other vehicles, buildings, or infrastructure.
Mandatory by Law : Owning and driving a car in India requires a valid third-party car insurance policy. Driving without it can lead to penalties and fines.
Please note :Third-party car insurance does not cover repairs to your own car or injuries to yourself or your passengers.
*Claims are subject to terms and conditions set forth under the travel insurance policy.
Having 3rd party car insurance is essential for several reasons:
Financial Protection : It safeguards you from substantial financial burdens in case you cause an accident. Legal costs and third-party damage repairs can be significant.
Peace of Mind :Knowing you have this basic coverage allows you to drive with greater peace of mind, knowing you're not solely liable for the financial repercussions of an accident involving a third party.
Legal Compliance : It's a legal requirement in India. Driving without valid insurance can lead to fines, vehicle seizure, and potential legal hassles.
In case of an accident involving a third party, follow these steps:
1. Inform the Authorities :File a police report (FIR) at the nearest police station.
2. Intimate Your Insurer :Contact your insurance company about the accident.
3. Gather Documents :Collect necessary documents, such as the FIR, driving license, RC book, and any medical bills (if applicable).
4. Claim Process :Submit the documents to your insurer for claim processing. They will then contact the third party and settle the claim amount per policy terms.
Your car is one of the most precious and cherished assets in your life. It is imperative for car owners to protect their vehicle with motor insurance policy.
Just like every coin has two sides, mishaps on the road tend to affect two sets of people – you and a third party. Unlike video games that treat road accidents and damage to third parties as a casual happening with no consequences, in the real world, you’ll have to bear the financial and legal consequences of the same. The policy protects you against possible legal and financial obligations that may arise from damages caused to a third party.
Third Party Car Insurance, also referred to as Four Wheeler Third Party Insurance, offers you coverage against any liabilities arising due to damage caused to a third party involving your car. Injuries caused or accidental death to a third party is also covered under third party insurance plans.
The working of a Third Party Car Insurance Policy is quite simple. In this, you, the insured person, are the first party, the Insurance Company is the second party, and the injured person claiming the damages in the third party. Here’s how this insurance policy works:
✓ The victim (i.e. third party) or his legal representative makes a claim against you, the vehicle owner
✓ An FIR is filed with the police with the details of the accident
✓ A case is registered with the Motor Accidents Claim Tribunalaccident
✓ As directed by the tribunal, the insurer pays the compensation amount to the victim
Yes. As it’s mandatory for every car to have this policy under the Motor Vehicles Act 1988. If you own a car registered with the regional transport authority, you must have this policy.
Availing this policy is hassle free. Just visit our website and download the proposal form. Fill the details given in the form and submit it to our nearest branch office. You can also do it online.
Once our underwriters evaluate your application and validate you, you need to pay the premium and that’s it. You can also call our Toll Free Number to know more.
Having this policy gives you the peace of mind and covers you for:
● Injuries caused to a third party.
● Accidental death of a third party.
● Damage to third party property.
● Bodily injuries suffered by a third party.
● Permanent disability suffered by a third party.
With Bajaj Allianz Third Party Only Cover Insurance policy, you get a comprehensive coverage against expenses incurred due to damages suffered by a third party. With instant support, we are by your side every time you need us.
No, you don’t. As the name suggests, this policy only covers you for the damages suffered by a third party directly or indirectly. You will not get any coverage for losses, injuries or damages suffered by you or your car in case of a mishap.
With this policy, the insurance company indemnifies you if you are held legally responsible for losses caused to a third party.
Yes, you can. Contact our customer care executives at 1800 209 5858 (Toll Free Number) to know about the process.
As per the recent ruling of the Supreme Court and diktat from the Insurance Regulatory Authority of India (IRDAI), it’s mandatory to for car owners to have a three-year third party liability cover. This ensures you remain insured for a long period of time.
In India, you can choose between Third-Party Liability (TPL) insurance (mandatory) and Comprehensive coverage, which additionally protects your own vehicle in case of accidents, theft, or damages.
No, driving a car in India without valid third-party insurance is illegal. Even a good driver can be involved in an accident, and this insurance protects you financially.
For processing your claim, you'll typically need the FIR, driving license, RC book, and any medical bills (if applicable).
While there's no set time limit, it's advisable to inform your insurer promptly after an accident. Delaying the claim process might cause complications.
Anyone who owns a car in India can purchase third-party liability insurance.
Yes, Bajaj Allianz General Insurance Company allows you to purchase third-party car insurance online for a convenient and hassle-free experience.
Third-party car insurance policies typically have a one-year term, though some insurers might offer longer durations. Renewing on time is crucial for continuous coverage.
No, zero depreciation is an add-on cover typically offered with comprehensive car insurance policies. It doesn't apply to third-party policies.
Yes, third-party car insurance is generally the most affordable car insurance option in India, making it accessible to a wider range of car owners.
The model of your car can affect the premium amount for third-party insurance. Generally, premiums are higher for expensive cars due to the higher potential repair costs if the third party sues.
Executive from Web Sales has done a good job to sell the Car Insurance in a delightful way! Thanks
Your services is good. When I met an accident last time your surveyor and company were very friendly during the claim process.
Very good portal with all information on few clicks are available.
We love your ride as much as you do
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(Based on 18,050 reviews & ratings)
Pratima Thimmaiah
Executive from Web Sales has done a good job to sell the Car Insurance in a delightful way! Thanks
Md Parvez Ahmed
Your services is good. When I met an accident last time your surveyor and company were very friendly during the claim process.
Ajay Talekar
Very good portal with all information on few clicks are available.
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I hereby authorize Bajaj Allianz General Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back at a convenient time. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) under either Fully or Partially Blocked category, any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business. Furthermore, I understand that these calls will be recorded & monitored for quality & training purposes, and may be made available to me if required.
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