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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.
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.
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.
Written By : Bajaj Allianz - Updated: 16th May 2022
Disclaimer
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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