In India there are two types of car insurance available ie.

What is third party car insurance in india. Third-party car insurance covers you against legal liabilities and property damages caused to the third-party in case of an accident caused by your fault. Hence you are shielded from the financial liability arising towards a third party. A Third-party Liability car insurance policy is designed to cover the third parties that might be affected by your car.

It is also known as third-party cover since the beneficiary of the plan is someone other than the two parties that are involved in the agreement. Third party car insurance protects you from any legal liability due to the involvement of your own car in an accident. So the best thing is to avail at least a third-party insurance plan for your car.

Third-party insurance is a form of liability insurance in which the insured purchases a policy for protection against the claim of a third party. New India Assurance company offers a Liability only policy that covers injurydeath of third-party and property damage. 4 rows Third-party insurance is a car insurance coverage which insures you against all the 3rd.

The first category under which car insurance is available in India is the third party insurance plans. However it is not the most ideal coverage with regards to the above-mentioned purpose of insurance. The covers available under this type of plan are.

This is a compulsory form of motor insurance that every vehicle owner must-have. 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. In India motor third-party insurance or motor third party liability is a mandatory requirement as per the Motor Vehicles Act 1988.

Third-party car insurance offers cover against any legal liability to a third party caused when you are at fault. When you buy a new car it is mandatory for you to buy a car insurance plan too. It is an inexpensive form of vehicle insurance.