Third Party Car Insurance 2023: Most of us have heard a lot about third party insurance, but many people do not know about third party insurance. How can I get this insurance at a low price? You have done the best insurance policy for third party insurance, etc. If you will also give information, then for this you keep reading this article till the end.
What is Third Party Insurance?
Third party insurance is the insurance policy that covers damage caused by your vehicle to another person. Compensation for damage to other’s property or vehicle is also available through third party insurance. The insurance company also bears the responsibility of determining the compensation, court proceedings etc. However, no compensation for self-harm is provided by third party insurance. To get compensation for damage to your own vehicle or any damage to your own body, you have to take a comprehensive insurance policy.
Similarly, personal accident cover has to be taken separately to indemnify himself or the persons in his vehicle. By the way, now it has become necessary to take compulsory personal accident insurance of Rs 15 lakh along with third party insurance.
Third party insurance is such an insurance policy that every owner must keep while driving, as it provides third party insurance for damages caused due to accident with the insured car like accidental death, bodily injury, disability, damage to property. Provides coverage to the company.
Also, being a mandatory cover, it provides coverage as well as legal compliance.
Third Party Insurance also known as Liability Insurance, which provides financial cover to the insured against third party damages and property matters.
In fact, in the insurance policy-
- The first party is the one who gets the insurance, ie the owner of the vehicle.
- The second party is the one who insures, ie the insurance company
- In addition to these, any other person or material shall be subject to a third party.
The benefit of third party insurance is neither to the first party nor to the second party. Rather it happens to the third party.
It is also called Third Party Liability
Third Party Insurance This is a type of your liability insurance. Therefore Third Party Insurance is also called Third Party Liability only insurance or Liability Insurance in short.
Third party insurance is not limited to just the vehicle. If there is a possibility of injury or damage to someone else due to your machine, equipment, construction, then third party insurance can also be done for that.
At present, according to the rules of the Motor Vehicle Act 1988, the Insurance Regulatory and Development Authority of India calculates the damage caused by third parties.
Third Party Car Insurance Key Features
| Insurance Policy Name | car insurance |
| Who can take advantage of third party insurance policy | Every Indian citizen holding a driving license |
| What is the minimum age to get car insurance? | over 21 years |
| How to apply for insurance policy | through online process |
| how much claim | up to Rs 7.5 lakh |
| is it safe | yes it is safe |
| Review And rating | 4.4/5 |
Cheap Third Party Car Insurance Companies
If you are thinking of taking very cheap third party car insurance, then you can take it for a full 1 year from just ₹ 2094. Get to know about insurance companies.
| Sr no | Third-Party Insurance Company |
| 1 | New India Assurance |
| 2 | National Insurance |
| 3 | Bajaj Allianz Car Insurance |
| 4 | IFFCO Tokio Car Insurance |
| 5 | HDFC ERGO Car Insurance |
| 6 | Bharti AXA Car Insurance |
| 7 | ICICI Lombard Car Insurance |
| 8 | Reliance General Car Insurance |
| 9 | TATA AIG Car Insurance |
| 10 | Acko Third Party Car Insurance |
| 11 | Cholamandalam |
| 12 | Dhfl Third Party Car Insurance |
| 13 | Digit Third Party Car Insurance |
| 14 | Edelweiss Third Party Car Insurance |
| 15 | Future Generali Third Party Car Insurance |
| 16 | Kotak Third Party Car Insurance |
| 17 | Liberty Third Party Car Insurance |
| 18 | Magma Third Party Car Insurance |
| 19 | Navi Third Party Car Insurance |
| 20 | Oriental Third Party Car Insurance |
| 21 | Raheja Qbe Third Party Car Insurance |
| 22 | Reliance Third Party Car Insurance |
| 23 | Royal Sundaram Third Party Car Insurance |
| 24 | SBI Third Party Car Insurance |
| 25 | Shriram Third Party Car Insurance |
| 26 | Tata Aig Third Party Car Insurance |
| 27 | United India Third Party Car Insurance |
| 28 | Universal Sompo Third Party Car Insurance |
Third-Party Insurance For Car Price List 2024
| Company Name | Plan Type | Plan Price |
| New India Assurance | Comprehensive | Start From Rs. 2,727 |
| National Insurance | Comprehensive | Start From Rs. 2,757 |
| Bajaj Allianz | Comprehensive | Start From Rs. 2,868 |
Third Party Car Insurance Premium Calculator
To know the premium of your third party car insurance, you can use the calculator. Know how much premium amount you will have to pay Apart from this, third party plans for car insurance starts from just ₹ 2094 in the initial period which you can buy by paying online and get your insurance documents on email id .
Four Wheeler Insurance Third Party
According to the law, it is very important to take third party insurance for the car because if the driver does not have the insurance of the car, then the traffic police can fine, stop the vehicle.
Apart from this, law can also take action, so it is very important to take third party insurance for your four wheeler vehicle in time.
Third Party Car Insurance Required Documents
The following documents will be required to take third party car insurance online which are as follows:
driving license vehicle documents application Bank statement mobile number agreement given by the bank
Third Party Insurance Eligibility
There are some terms and conditions for taking third party insurance, if you follow the terms and conditions then you can easily apply online in less than 5 minutes.
You must be an Indian citizen. You must be above 21 years of age. You should also have driving license, aadhar card, pan card etc. You must have all the necessary documents for the new, used, second hand car. You must have salary slip, ITR slip. It is mandatory to have mobile number linked with Aadhar card. You also need to have a bank account number. You can use Wallet, UPI, Paytm, Phonepe, Google Pay, Debit Card , Credit card to make payment. To register, it is also necessary to have a smartphone, internet connection.
Third Party Car Insurance Buy Online
To buy third party car insurance online, you can follow the steps given below where you can activate your policy by paying insurance premium from any insurance company. Let us know how you can apply for third party car insurance online:
Step 1 : First of all open any insurance company website.
Step 2 . After this select ‘Car Insurance’.
Step 3 . Now click on the ‘Get Quote’ option and enter your car registration number. If you do not have it, you can also provide the model, make of your car and the year of registration of the car.
Step 4 . After that enter your personal information like name and mobile number.
Step 5 . Choose the policy that best suits your needs and price point.
Step 6 . Pay for the chosen policy and the policy documents will be sent to your email ID.
Note: While choosing a Third Party Car Insurance policy, carefully look at the terms of condition, cover ratio, premium amount, etc., otherwise there may be many problems in future.
Things to keep in mind while claiming third party car insurance
Here are some things you should consider when making a third party claim:
1. FIR should be registered in case of accident, after which the insurance company should also be informed about the incident. Without these functions, the claims process cannot issue the necessary co-payments. Without these functions, the claims process cannot issue the required compensation.
2. The third party must produce relevant evidence to prove the fault of the other party.
3. It is always recommended to settle cases of minor damages and damages out of court as the process of registering an FIR as well as the court proceedings takes time.
4. There is no limit on the coverage of personal damage sustained by third parties, whereas for property damage, the maximum cover can be availed up to Rs 7.5 lakh.
My Last Word
In this post, we have learned that we have provided information about What is Third Party Car Insurance & How to Take, Third Party to Insurance Buy, Benefits, Customer Care Number, Reviews. I hope this article is getting help for you, for similar latest information, you can follow us on social media platform and get the solution of your problem. Friends, thank you very much for reading this article till the end!
FAQ’s – Third Party Car Insurance
Q1. What does third party insurance cover?
Ans. Third party insurance covers the following risks and damages caused to the insured
which are as follows:
property damage damage to vehicle disability bodily injuries accidental death damages caused by any third party
Q2. Is it necessary to get third party insurance?
Ans. Yes, in present times it is very important to take third party insurance for your car as it offers many benefits.
Q3. Can I buy third party insurance online?
Ans. At present, some finance companies provide the facility of online third party insurance, where you can get third party insurance by entering your work registration number and other information.