Third-Party Car Insurance

If you're looking for a basic car insurance plan that keeps you legally covered, Tata AIG’s third-party car insurance is a solid choice. It takes care of your legal liabilities if your car causes damage to someone else's vehicle, property, or results in injury or death. Here are the key features you should know:

Opting for Tata AIG’s Third-Party Car Insurance Online offers multiple advantages, ensuring convenience, legal compliance, and financial security. Here are the key benefits:

• Ease of Purchase:
  Buying third-party car insurance online is quick and hassle-free, eliminating the need for physical visits. The entire process can be completed from the comfort of your home within minutes.

• Instant Policy Issuance:
  Receive the third-party motor insurance policy instantly via email upon successful payment. No waiting period ensures immediate legal compliance.

• Convenient Renewals:
  Car insurance third-party renewals are seamless, with timely reminders for policy expiration. A few simple clicks allow policyholders to extend coverage without disruptions.

• Competitive Pricing & Cost-Effective Solution:
  Third-party car insurance premiums are lower than comprehensive insurance, making it an affordable choice. Eliminates administrative costs associated with paperwork, making it more cost-efficient.

• Secure Payment Options:
  The online platform provides safe and encrypted payment gateways, ensuring transaction security. Multiple payment options like UPI, net banking, and credit/debit cards are available.

• Comparative Analysis for Better Decisions
  Customers can compare third-party motor insurance online with other policies before purchase. Helps in selecting the best plan with optimal premium costs and benefits.

• 24/7 Accessible Customer Support
  Dedicated support via chat, email, or phone to assist with policy queries or claims. Quick resolution of concerns ensures a seamless user experience.

• Instant Documentation & Digital Records
  Policyholders receive all insurance-related documents digitally, accessible anytime. Reduces the risk of losing important papers, ensuring easy retrieval.

• Legal Compliance & Peace of Mind
  Third-party vehicle insurance is mandatory under the Motor Vehicles Act, ensuring legal compliance. Protects policyholders from potential penalties or fines for non-compliance.

• Time & Effort Efficiency
  The online third-party car insurance process is paperless, reducing manual effort. Saves time for both the insurer and the policyholder while ensuring quick issuance.

By choosing Tata AIG’s Third-Party Car Insurance Online, policyholders get a secure, efficient, and user-friendly experience while ensuring financial protection and legal compliance.

The Insurance Regulatory and Development Authority of India (IRDAI) sets the premium rates for third-party car insurance, not individual insurers. These rates are based on the vehicle’s engine (for petrol/diesel cars) or battery capacity (for electric vehicles) and are revised periodically. The third-party car insurance price is standardised across the industry, ensuring uniformity for policyholders. All insurers are required to follow the same pricing for third-party liability policies, regardless of the insurer you choose.

Third-Party Car Insurance Premium Rates for Petrol/Diesel Cars (2024–25)

Third-Party Car Insurance Premium Rates for Electric Cars (2024–25)

To encourage safety, sustainability, and heritage vehicle usage, the following discounts have been proposed under the third-party insurance premium structure:

• Educational Institution Buses: A 15% discount on the third-party insurance premium is proposed for buses owned by recognised educational institutions.

• Vintage Cars: Private vehicles officially registered as vintage cars may get a 50% discount on base premium rates.

• Hybrid Electric Vehicles: A 7.5% discount is proposed for hybrid electric vehicles to promote environmentally friendly transport.

• **These discounts and premium rates are governed by the Ministry of Road Transport and Highways (MoRTH) in consultation with IRDAI, ensuring uniform pricing across insurers.

For the most current and official information, visit the IRDAI website or reach out to authorised insurance providers.

For the most current and official information, visit the IRDAI website or reach out to authorised insurance providers.

In India, third-party car insurance isn’t optional, it’s the law. As per the Motor Vehicles Act, every car owner must have at least this basic insurance to drive on public roads. Why? Because accidents can happen anytime, even if you're the most careful driver.

This type of insurance doesn’t cover your own car’s damage, but it does protect you from the cost of harming someone else’s vehicle, property, or even causing injury. Without it, you could end up paying a huge amount out of pocket.

But third-party motor insurance isn’t just about ticking a legal box. It’s about being a responsible driver. You’re not only protecting yourself but also others on the road. It helps make driving safer for everyone.

To make things better, there are even proposed discounts to support certain types of vehicles:

• 15% off for buses used by schools or colleges

• 50% off if your car is registered as a vintage vehicle

• 7.5% off if you own a hybrid electric car

These discounts are part of efforts by the Ministry of Road Transport and Highways (MoRTH) and IRDAI to encourage safer, greener, and more thoughtful driving under the third-party motor insurance framework.

• Legal Requirement: In India, the Motor Vehicles Act of 1988 mandates that all vehicle owners have third-party insurance. Driving without it may require you to pay fines and penalties.

• Coverage for Third-party Liabilities: This insurance covers liabilities arising from injuries, death, or property damage caused to a third party by your vehicle. It shields you from substantial out-of-pocket expenses.

• Affordable Premiums: Opting for cheap third-party insurance ensures compliance with legal requirements without straining your budget. It is a cost-effective way to stay protected.

• Peace of Mind: Insurance for car third-party liabilities allows you to drive confidently, as you are safeguarded against unforeseen incidents.

• Step 1: Go to the TATA AIG website

Navigate to the TATA AIG official website, and click on 'Brand New Car – Get Quote'.

• Step 2: Vehicle Details

Fill in the vehicle’s make, model variant, fuel type, and location of registration. Since it is a new vehicle, a delivery date may also be required.

• Step 3: Contact & Location Information

Fill in your mobile number, RTO code, PIN code and delivery date to allow TATA AIG to create a quote according to your location.

• Step 4: Select Coverage Type

Select Third-Party Car Insurance, which means you would only need insurance for damage/injury you caused to someone else.

• Step 5: Personal and Vehicle Information

Fill in your name, date of birth, address, and email ID. Will be directed to complete CKYC. Will also need to complete your car's engine number, chassis number & nominee.

• Step 6: Payment

Pay the premium amount securely online using your favourite payment option.

• Step 7: Instant Policy

Once you have made the payment successfully, an email of the third-party car insurance policy will be sent to your registered email ID, and it will also be available to download immediately on the screen.

Have you let your policy renewal date fall by the wayside? Don't panic. TATA AIG gives you a chance to renew your third-party car insurance policy even after it has expired, as long as you are still within the window to do so. Follow the information below.

• Step 1: Go to TATA AIG's Website

Hit the 'Renew' option on the homepage.

• Step 2: Enter your own Car Registration Number

Enter your existing car registration number to pull up your policy details.

• Step 3: Other Insurer's policy – Hit 'Get Quote'

If your existing policy is with another insurer, hit 'Get Quote' and then enter the basic vehicle details as well as contact details.

• Step 4: Select Coverage Option - Choose Third-Party

Select Third-Party Car insurance as the coverage option. This insurance option satisfies the legal requirement and offers third-party coverage.

• Step 5: Confirm All Details

Confirm the policy details. Since we are dealing with a third-party plan, there are no add-ons to select from, so this should be relatively quick.

• Step 6: Make Payment

Pay the premium securely via one of the online options.

• Step 7: Get Your New Policy

Your new third-party policy will be issued immediately and sent to your registered email address.

Comprehensive and Third Party Car Insurance are two distinct types of auto insurance policies offering different coverage levels. Understanding the key differences between the two is essential for car owners to make an informed decision based on their specific needs.

Not sure what happens when you have third-party car insurance and meet with an accident? Here’s a quick look at how it actually works:

• If you cause an accident, this policy covers the damage to the other person’s vehicle or property.

• It also takes care of medical expenses if someone is injured due to your car.

• You’ll need to file a claim with Tata AIG, and we’ll assess the damage and associated costs.

• If the claim is approved, we’ll pay the amount up to the policy’s coverage limit.

• If the cost exceeds that limit, you’ll need to cover the rest yourself.

• This policy helps you stay legally compliant under Indian law.

While third-party insurance keeps you covered on paper, it won’t protect your own car. For more complete protection, consider switching to a comprehensive plan.

In fact, if you follow a few simple steps, you can easily get the right cover without spending more than you need to.

• Compare Before You Buy

Don't accept the first quote you happen to stumble upon. Compare prices on various websites or comparison platforms. Although third-party cover is mandatory, premiums between insurers may differ.

• Buy Online, Save More with Tata AIG

When you purchase directly from Tata AIG's website, you save on agent commissions and additional charges. Additionally, you can avail of up to 85% off on new car insurance and up to 75% off on rollover policies for older vehicles. It's quick, paperless, and your policy arrives instantly.

• Stay With Just What You Need

Third-party insurance pays for damage to other people's cars, not your vehicle. Don't opt for unnecessary features if you want the premium to remain low.

• Go With a Reliable Name

Choosing a company such as Tata AIG ensures smooth quotes, good service, and peace of mind. You know you're safe.

• Renew On Time

Don't leave it to the last minute. Renew early to avoid inspections or paying more.

• Think of a Long-Term Plan

For brand-new cars, consider long-term third-party policies; they usually cost less in the long run. A couple of clever decisions, and you're ready to drive a safe, legal, and inexpensive car.

Filing a third-party claim with TATA AIG is a quick and easy process. Follow these simple steps to get the support you need.

Filing a Claim as a Policyholder (Own Damage Claim)

If your car is damaged due to an accident, you can raise your damage claim under your Tata AIG policy. Follow the steps below to complete the process:

• Step 1: Ensure Safety and Secure the Scene

After the accident, ensure everyone is safe. Move your vehicle to a safe spot if possible, turn on the hazard lights, and help any injured individuals. Call the police or medical help if needed.

• Step 2: Inform Tata AIG

Contact Tata AIG immediately to report the accident. You can do this through the website, mobile app, or customer helpline. Timely reporting is essential for smooth claim processing.

• Step 3: File a Police Report (If Required)

For major accidents or legal disputes, file an FIR at the nearest police station. This is usually required in cases involving bodily injury, significant property damage, theft, or third-party involvement.

• Step 4: Claim Survey and Inspection

Tata AIG will assign a surveyor to assess the damage to your vehicle. The surveyor will inspect the car and prepare a report to support the claim.

• Step 5: Submit Required Documents

Submit the completed claim form, a copy of the FIR (if applicable), your insurance policy, vehicle registration certificate (RC), and your driving license.

• Step 6: Claim Settlement

Once the documents are verified and the survey is complete, Tata AIG will approve and process your claim. The approved amount will be paid to you based on the policy terms, after applicable depreciation or deductible amounts are adjusted.

If you are a victim of an accident and the other vehicle is insured with Tata AIG, you can file a third-party liability claim. Follow these steps:

• Step 1: Gather Information

Collect all important details about the accident. Note the date, time, and location, and gather the contact details of the driver, witnesses, and vehicle owner. Take photos of the accident scene, vehicle damage, and any visible injuries.

• Step 2: Report the Accident

File a police complaint and obtain an FIR from the nearest police station. An FIR is required to initiate a third-party insurance claim.

• Step 3: Identify the Insurer

Get the insurance policy details or registration number of the at-fault vehicle. Contact Tata AIG or visit the official website to confirm the insurer and policyholder details. You can use the vehicle registration number to check the insurance details through the VAHAN portal or by contacting Tata AIG directly.

• Step 4: Inform Tata AIG

Notify Tata AIG and submit the accident details along with a copy of the FIR. The insurer will guide you on the claim procedure or may refer you to the Motor Accident Claims Tribunal (MACT), depending on the situation.

• Step 5: Claim Survey and Inspection

Depending on the case, Tata AIG may appoint a surveyor to assess the damage to your vehicle or property. Cooperate with the surveyor and provide any supporting documents or evidence.

• Step 6: Submit Required Documents

Provide all necessary documents, including the FIR, a copy of your vehicle's registration certificate (if applicable), driving licence, medical bills (in case of injury), and any additional documents requested by the insurer.

• Step 7: Claim Settlement

Compensation for injury or property damage is usually decided by the Motor Accident Claims Tribunal (MACT). Tata AIG, as the insurer of the at-fault vehicle, will pay the approved amount on behalf of its policyholder, in accordance with the law and policy terms.

Third-party car insurance is a legally required policy that provides financial protection against liabilities arising from damage or injury caused to a third party. While it offers important legal and financial coverage, it also comes with certain limitations. Below is a comparison of its key advantages and disadvantages:

​​Whether you are still thinking about purchasing a third-party car insurance or have already purchased it, here are some things to keep in mind:

• It Is Mandatory In India

According to the Motor Vehicles Act, it is a legal requirement to have third-party car insurance. It helps cover financial or legal liabilities if your car injures someone or damages their property. Without it, you can’t legally drive on public roads.

• What It Covers—and What It Doesn’t

This type of policy covers injury or death to another person and property damage up to ₹7.5 lakh. But it doesn’t cover damage to your car or medical expenses for your injuries.

• Personal Accident Cover Needs to Be Bought Separately

A Personal Accident (PA) cover for the owner-driver is required by law but is not included in a basic third-party plan. Most insurers, including Tata AIG, allow you to add this cover when purchasing your policy online.

• Rates Are the Same Everywhere—Choose Based on Service

Since third-party insurance rates are fixed by the IRDAI, coverage and pricing stay the same across all companies. That is why it is wise to choose a trusted name like Tata AIG. You will get an easy 3-click quote process, a quick paperless purchase, and an instant policy, saving you time without sacrificing reliability.

• Add-Ons Are Not Part of Third-Party Plans

Add-ons like Zero Depreciation or Engine Protection aren’t available with third-party-only plans. If you want broader coverage, you might consider a comprehensive policy where such customisations are offered.