Third Party Car Insurance

Third-party car insurance is a basic but mandatory type of car insurance policy that provides financial and legal protection against third-party damages caused to a person, property or vehicle by your insured car. Additionally, as per the Motor Vehicle Act, it is essential that a car owner should have at least a third-party insurance policy in their car at all times, without which they may have to pay a traffic fine.

It is necessary to know about the importance of third party car insurance and its meaning because this type of insurance policy specifically covers damages to a third party vehicle or property and injuries or even the death of a third-party person. If there are legal issues arising out of a mishap with a third-party person or vehicle, third-party car insurance covers the financial loss of such liabilities.

Therefore, in case of an unfortunate mishap, a motor third party liability insurance policy does not protect the insured car in any way. Moreover, injuries to the owner of the insured car or even their death cannot be covered under third party car insurance unless one purchases a personal accident cover along with the policy.

To calculate your Tata AIG third party car insurance price, you can use our third party car insurance calculator, which considers the car engine’s cubic capacity (cc) in accordance with the premium rates determined by the Insurance Regulatory and Development Authority of India (IRDAI).

Even though the car insurance cost is standardised, it is necessary to calculate the premiums since the cubic capacity varies from car to car.

Each year, the IRDAI revises these third party car insurance rates, which then help you find your third party car insurance cost.

The table below contains the existing rates to help calculate the car insurance price:

Each year, the IRDAI revises these third party car insurance rates, which then help you find your third party car insurance cost.

Are you looking for a suitable Tata AIG third-party car insurance online? Then let’s find out how third party car insurance works.

Under an insurance contract:

• The first party is you, the car owner or policyholder whose car has been insured
• The second party is the insurer or the insurance provider.
• The term “third-party” refers to any other person or property other than the first two parties.

Therefore, third party insurance protects the first party against financial and legal damages caused to a third-party individual or property by the insured car.

In the case of bodily injuries or even death of a third-party person or individual by the insured car, the four wheeler third party insurance covers the claims for hospitalisation or medical expenses and also disability claims arising out of the harm caused to the third-party person.

In the event of damages caused to a third party vehicle or property by the insured car, the third-party vehicle insurance covers partial and even total damage of the car or property such as fences, gates, etc.

And if a third-party person files a legal complaint against you due to the damages caused by their insured car, then the financial losses due to the legal liability is also taken care of by the third party car insurance policy.

Tata AIG’s third party car insurance provides complete protection to you and your insured car against different kinds of third-party damages:

• Damages due to injuries to or death of a third-party person: If there is an accident involving your insured car that causes injuries to a third party or even their death, the third party car insurance will protect you against the financial losses arising from the damage claims filed by the third party or their family.

• Damages to a third-party vehicle or property: If your insured car is involved in an accident, your third party car insurance cost includes damages to the person, third party property as well as a third party vehicle.

• Personal Accident Cover for the owner-driver: If you add a personal accident cover to your car insurance policy for third party damages, you can be covered against bodily injuries caused to you. This personal accident cover compensates you for up to ₹15 lakhs of financial losses arising from hospitalisation expenses and medical treatments. It also offers a death claim to your family in case of any eventualities.

As a legal requirement under the Motor Vehicles Act, a third-party car insurance policy is also a mandatory insurance policy that you must have with you at all times, even when your car is parked and stationary and not involved in an accident.

Your third party car insurance policy can be extremely useful for covering situations where a third-party person, vehicle or property face losses due to your insured car. However, these are some situations or exclusions that are not covered under third party car insurance:

• Own Damages: A third party accidental damage cover that covers only third-party damages and not damages caused to your insured car.

• Drunk Driving: The third-party liabilities are not covered if the insured car is involved in an accident as a result of the owner’s drunk driving.

• Invalid License: If the driving license of the insured car’s owner is invalid or has expired, then the third party insurance policy will not cover any damage claims.

• Outside Geographical Limit: If the driver of the insured car is involved in an accident outside the geographical area mentioned in the policy and damages a third-party vehicle or property or causes injury to a third-party person, then the third-party damages will not be covered in such a situation.

• Unauthorized Usage: If the insured car is used for commercial purposes, illegal activities or speed racing and caused any third-party damage, then these damages will not be covered by the policy.

• Contractual Liability: The insurance policy does not cover third party liabilities in case of contractual liability. That means, if you have pledged your insured car to someone else and the car caused some third-party damage during that period, the policy cannot cover the losses.

• Substantial/Total Loss: A third party insurance policy can only cover total accidental damage to a third-party vehicle and not total/substantial loss. Hence, if a third-party vehicle is stolen or missing as a result of theft, the insurance policy cannot compensate for such damage. texttext

• Undesignated Driver: If the insured car is being driven by anyone other than a designated driver or the owner-driver and caused third-party damages, then such damages are not covered by the third-party insurance policy.

• Nuclear Perils: A third-party claim cannot be covered under this policy if the damage is caused directly or indirectly by a nuclear weapon or a radioactive influence.

• War: A third-party car insurance does not cover third-party liability, loss or damages caused by a war situation or an invasion.

When it comes to protecting a commercial vehicle against third-party damages, third party liability insurance covers the following:

• Legal liability: If there are legal liabilities arising from injuries or damage caused to a third-party person or vehicle by the insured vehicle, then these damages are taken care of by the third party insurance policy.

• Demise: The third-party liability insurance covers a third-party person’s death due to the insured car.

• Property Damage: If the insured car causes damage to third-party property, then the damage expenses are covered by the third party car insurance cost up to a certain limit.

Before buying Tata AIG’s third party car insurance policy, these are some of the salient features of our third-party car insurance you should know about –

• Property Damage: Our third party insurance policy covers third-party property damage of up to ₹7.5 lakhs caused by the insured car.

• Personal Accident Cover: If you add a personal accident cover to your third-party car insurance policy, you can protect yourself against any bodily injuries caused during an accident.

• Purchasing Options: You can choose to buy third party car insurance online from the Tata AIG website or also visit one of our nearest offices to buy third party car insurance.

• Time-Saving: Buying or renewing third party car insurance on our website is a swift and easy 3-step process!

• Cashless Claims: If your insured car damages a third-party vehicle, our third-party vehicle insurance policy enables cashless repairs, where you need not pay for third-party damages from your own pocket.

• Easy Claims: Our easy third party car insurance claim process ensures that there are no hassles when it comes to protecting you from financial damages.

• Third-party Liability Cover: Third party car insurance protects you from financial and legal liabilities arising from damages caused by your insured car to a third-party person, vehicle or property.

Having third party car insurance can provide many benefits! Therefore, if you are looking forward to getting your four wheeler third party insurance, here are advantages you enjoy:

• Enables You To Drive Legally: A third party insurance cover is legally mandatory in India as per the Motor Vehicles Act. With this insurance cover, you can avoid paying unnecessary traffic fines and be a law-abiding car owner!

• Saves Your Time: If you buy your third party car insurance online on our website, you can quickly avail of a third-party cover for your car without any delays. You can also check your car insurance premiums with our online premium calculator before you buy your third party car insurance.

• Covers Third-Party Property or Vehicle Damages: If your insured car is responsible for causing damage to a third-party vehicle or property in any way, then the financial or even legal liabilities are covered under the four wheeler third party insurance.

• Covers Third-Party Person in case of Personal Damages: If your insured car causes bodily harm of any sort to a third-party person during an accident, then the financial damages are covered by the insurance policy.

• Protects you in case of any physical injuries: If you have a Personal Accident Cover along with your third-party insurance cover, the policy will cover any accidental bodily injuries and the expenses arising out of these injuries or even a disability.

• Protects you from Unexpected Losses: Since accidents are sudden and unforeseen, a third-party car insurance policy helps cover these financial losses, no matter how unexpected they are.

When you buy third party car insurance, you can protect yourself from legal and financial damages caused by third-party damages. However, here are some damages that third party car insurance cannot cover:

• Doesn't cover the own-damages to your car: Damages caused to your insured car cannot be covered under third party car insurance. However, you can buy a standalone own-damage cover or comprehensive car insurance policy to cover own-damage losses as well as third-party losses.

• Doesn't cover damages due to natural calamities: When you buy third party insurance online for your car, you should be aware that any damages to your car due to natural calamities cannot be covered under a third-party car insurance policy. These damages are something only own-damage insurance or a comprehensive policy can cover.

• You can’t opt for add-ons: Even though third-party insurance for your car is legally mandatory, it is restricted to providing protection to you against third-party losses. Therefore, you cannot enhance the coverage with the help of add-on benefits.

When it comes to protecting your car, the choice is mainly between comprehensive car insurance vs third party car insurance. However, the difference between the third party and comprehensive insurance in India is mainly due to the third party car insurance being compulsory cover. Hence, while choosing between comprehensive or third party car insurance, you can take a look at the points of distinction before you buy a suitable cover for your car:

Unfortunate eventualities come with enough damages, but a third-party car policy provides an extra layer of protection and ensures that at least the third party losses do not have to be borne by you:

• Financial Benefit: A third party car insurance is important as it protects you from paying traffic fines and financial losses arising from third party liability.

• Cost-effective: Being a basic and mandatory car insurance cover for only third-party losses, a 3rd party insurance policy is quite affordable.

• Driving license: If you do not have a valid third party cartext insurance policy, it could lead to your driving license being suspended temporarily. Therefore, with a third party car policy, you can avoid having your license seized.

• Legal Protection: With a third party car insurance policy, you can avoid legal issues and processes that involve paying fines and other costs.

• Safety Net: If you buy third party car insurance and your insured car is part of an accident, you are safe from third party financial damages as your policy covers these losses.

• It is mandatory by law: When your car is insured with Tata AIG third party car insurance, you are protected from traffic fines that are charged for not having a legally mandated third party insurance policy.

• Covers any damage to a 3rd party vehicle because of the insured vehicle: Our third party car insurance policy protects you from financial losses and legal liabilities in case your insured car causes damage to a third-party vehicle or property.

• Covers any injury or death to the owner-driver of the 3rd party vehicle caused by the insured vehicle: If your insured car is responsible for an accident that causes injuries or bodily harm to a third party person, the third party car insurance protects you from the financial losses incurred due to the incident. In case of a more unfortunate situation, even the death of a third party person is covered under our third party policy.

• The claim process is easy and reliable: With a claim settlement ratio of 98% for FY 2020-21, Tata AIG’s claim process for third party car insurance is quite simple, and the claim can be filed in a matter of minutes.

• It is affordable: If you buy third party car insurance, it is an affordable cover, since it provides simple but effective protection against third party damages only!

• Offers wide Network Coverage: With over 7500 network garages all over the country, cashless repairs are a convenient way to cover damages to a third party vehicle.

• Needs no documentation: With no need for excess and unnecessary paperwork, you can easily avail of third party insurance for your car.

• Provides financial support: A personal accident cover of up to ₹15 lakhs ensures that in case of unexpected casualties caused to you, your family need not suffer a financial loss.

If you have third party car insurance but don’t know how it can help you, find out how you can file a third party car insurance claim! There can be a third-party claim made under two different scenarios:

Filing the claim if you cause the damage:

• Gather proof of the damage caused to the third party person, vehicle or property with pictures and videos.
• Note down the details of the third party people - their numbers, names, address, etc.
• Make note of any eyewitness, if present and write down their contact details.
• Inform your insurance provider about the incident and file an FIR at the nearest police station
• Make a formal plea at the Motor Accident Claims Tribunal Court
• Follow the due process and submit the essential document
• Inform the insurance company of the court's response and let the insurance company determine the compensation.

Filing the claim if you are affected by the incident:

• Gather proof of the damage caused to the third party person, vehicle or property with pictures and videos.
• Note down the details of the third party people - their numbers, names, address, etc.
• Make note of any eyewitness, if present and write down their contact details.
• File an FIR at the nearest police station.
• The case will then be taken up by the Motor Accident Claims Tribunal Court.
• Be present for the court sessions and submit a copy of the FIR, required document, details and proof of the incident.
• Present the eyewitnesses to help you reinforce the facts of the case.
• The tribunal court will assess, authorise and compensate the applicable damages.

Here are a few things which you should consider while making a third party insurance claim:

• The FIR should be lodged in the case of an accident: In case your insured car is involved in an accident that causes any damage to a third party person, vehicle or property, an FIR will have to be lodged and inform the car insurance company about the incident at the earliest. This step aids in easing the claims process.

• The third party should present the relevant evidence: If your insured car is responsible for the damages caused to the third party, it is essential for the third party to provide relevant and reliable proof of the damage.

• It is always recommended to settle the minor damage: If the third-party damage caused by your insured car is minor in nature, try to settle the third party claim damages on your own to avoid any time-consuming legal hassles.

• No limit is set on coverage of personal damages: If your car is involved in an accident and is responsible for any third party damage, note that there is no set limit for compensating for the injuries or bodily harm to a third party person. However, if the damage is caused to a third party property, the compensation limit is set at ₹7.5 lakhs.