What is third party car insurance in hindi. Third party insurance meaning in hindi meaning of third party insurance in hindi ततय-पकष बम जस कभ-कभ कवल अधनयम बम क रप म भ जन जत ह मटर वहन अधनयम क अनसर सभ वहन मलक क लए एक वधनक आवशयकत ह यह एक. Standard motor insurance policy. In such cases your third-party car insurance will cover for the losses incurred.

One has to buy third party liability cover for the mandated purpose under the law of motor vehicle act 1988. The beneficiary under this policy is the injured third party.

It is a type of insurance cover where the insurer offers protection against damage to the third-party vehicle personal property and physical injury. This type of car insurance covers your legal liability in case of disability or death to any third party. Drivers are recommended to buy extra coverage from private insurers.

Third-party insurance which is also sometimes referred to as act-only insurance is a statutory requirement for all vehicle owners as per the Motor Vehicle Act. Third-party insurance is a car insurance coverage which insures you against all the 3rd party legal liabilities which may arise due to any mishap such as a road accident involving your car. In the Indian context automobile dealers arrange for a comprehensive insurance cover along with vehicle registration.

Third-Party Insurance Meaning In Hindi. It refers to any person who gets affected by the actions of the first party while he is driving the insured car. The coverage extends to legal and financial liabilities in third party insurance for car owners.

In this video following coveredwhat is third party insuranceFirst party insurancedifference between Third first and second partywhat is comprehensive car i. 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. Third Party Property Damages - It covers your legal liabilities towards third parties for damaging their property from your car up to Rs 75 lakh.