Is Third Party Insurance Valid In India

In India third party insurance is a mandatory cover without which one cant drive hisher vehicle on the roads. This policy does not provide any benefit to the policyholder. We say this because the extension applies to only mandatory documents and in the context of insurance the government mandates only third party motor vehicle insurance policies.

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The first part is therefore responsible for the damages and losses irrespective of the cause.

Is third party insurance valid in india. Even if they want they drop it at the thought of. Essentially third party liability insurance covers the third person who has been injured in an accident. This insurance policy covers your legal liability arising due to the damage caused by you to a third party only death bodily injury and damage to third party property while using.

Third Party 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. This cover will pay for any fiscal liability that arises out of the accident. Updated on June 12 2021 1848 views.

As per the motor vehicles act every motor vehicle owner must buy third party insurance coverage in India. Yes it is true that third-party car insurance is mandatory in India. Third-party liability car insurance prices are a mandate in India under the Motor Vehicles Act.

It provides coverage for bodily injurydeath of a third party as decided by a court of law as well as third-party property damage up to Rs. As of now car-owners in India are rest assured of having their third party liabilities entirely covered. Here are a few things you should know about third-party motor insurance before buying it.

According to the Motor Vehicles Act every vehicle in India at least needs a Third-Party Insurance to be able to drive on Indian roads legally. But in case of third party property damage IRDA have already imposed an upper cap of Rs750000. Among the two types of car insurance in India the third-party TP car cover serves to protect the insured from claims arising from a third party when the insured persons vehicle is at fault.

There is no limit on the liability cover for injury or death while the cover for damages to third party property is limited to Rs. As per the rules no vehicle can run on the road without TP insurance. In India motor third-party insurance or motor third party liability is a mandatory requirement as per the Motor Vehicles Act 1988.