If you fail to comply with this law you will have to face monetary penalties.

Is third party insurance compulsory in india. In India motor third-party insurance or motor third party liability is a mandatory requirement as per the Motor Vehicles Act 1988. As sometimes the driver of the vehicle is often a person of small means and injured person goes without adequate compensation insurance of motor vehicle covering the third party risk is made compulsory in India and the Motor Vehicles Act provides that vehicle should not be used in public place without having insurance policy covering third party risks. As per the Motor Vehicles Act third-party insurance is mandatory.

It takes care of third party liabilities in the event of an accident including bodily injury death and property damage. As such car insurance has been made mandatory in India at least up to the Third Party Liability level. The idea was to build a security for the injured or their dependents.

In India Third Party Insurance is more than just a precautionary safe-guard. It is thus like a. There are three types of car insurance in India.

In India under the provisions of the Motor Vehicles Act 1988 it is mandatory that every vehicle should have a valid Insurance to drive on the road. As mentioned earlier a third-party policy is compulsory insurance in India for every car owner. According to Section 146 of the Motor Vehicles Act 1988 third-party TP insurance is mandatory for you to be able to drive on Indian roads.

In India third party insurance is a mandatory cover without which one cant drive hisher vehicle on the roads. In India third party insurance is a mandatory cover without which one cant drive hisher vehicle on the roads. 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.

But very few remember to claim this insurance when it is required or the vehicle is damaged by others. However it does not provide adequate coverage to the owners themselves. According to The Motor Vehicles Act 1988 it is mandatory for all vehicles in India to have at least third-party insurance.