What is a Third Party Car Insurance?
A Third-Party Car Insurance is the most basic (and legal!) form of car insurance you’ll need for your dear four-wheeler. It’s what your mobile data is to your mobile phone. You simply can’t do without it! A Third-Party Car Insurance not only protects you from damages and losses that arise if you get into trouble with a third-party but also enables you to drive your car on the road legally.
After all, the Motor Vehicles Act has made the same mandatory for all four-wheelers in India. If you’re caught without one, you may be liable for a fine of Rs 2,000 and/or up to 3-months in prison!
How it works - For a Third-Party Insurance to come into action, the third-party or the person whose car has got damaged or someone who has got injured needs to file a case against the insured person. After that, we take care of the legal liabilities that arise. That includes advocates, investigations and any verification. - If there’s a compensation, we take care of it on your behalf as your car insurance policy comes with unlimited Third-Party Cover.
Know more about Compare Car Insurance.
What’s Covered in a Third Party Car Insurance?
Personal Damage to Third Party
For those unfortunate situations when your car causes any physical injuries and in the worst case, death to a third-party person. Your third-party car insurance covers for all the expenses and losses that may arise due to the same.
Damages to Third-Party Property/Vehicle
Everyone makes mistakes. This one covers for you if your car damages someone else’s vehicle, house or property up to 7.5 lakhs.
Personal Accident Cover for Owner-Driver
If you don’t already have a Personal Accident Cover, this cover can be included in your Third-Party Car Insurance to protect you from losses that could arise if you are physically injured due to an accident.
What’s not Covered in Third Party Car Insurance?
It is equally important to know what’s not covered in your Third party car insurance policy so that there are no surprises when you make a claim. Here are some such situations:
Key Features of Third Party Car Insurance by Digit
|
Key Features |
Digit Benefit |
|
Premium |
Starting from ₹2072/- |
|
Buying Process |
Smartphone-enabled process. Can be done in 5 minutes! |
|
Claim Settlements |
96% Claims Settled for Private Cars |
|
Personal Damages to Third-Party |
Unlimited Liability |
|
Property Damages to Third-Party |
Up to 7.5 lakhs |
|
Personal Accident Cover |
Up to 15 lakhs |
|
Personal Accident Cover Premium |
₹220/- |
Third-Party Car Insurance Premium Calculator
Unlike a Comprehensive Car Insurance Premium Calculator, a Third-Party Car Insurance Premium Calculator is only dependent on your engine cc and the respective premiums are predetermined by the IRDAI.
|
Private cars with engine capacity |
Premium rate |
|
Not exceeding 1000cc |
₹2,072 |
|
Exceeding 1000cc but not exceeding 1500cc |
₹3,221 |
|
Exceeding 1500cc |
₹7,890 |
How to claim for a Third Party Car Insurance?
- In case of an accident, the respective Third-Party must file an FIR and obtain a charge sheet.
- If there’s a compensation, we take care of it on your behalf. Just call us at 1800-103-4448.
- If there are no violation of terms, we will try for a non-monetary settlement on your behalf. If the situation arises, we will represent you in court.
- Most importantly, if you’ve been a good citizen and have admitted your fault for any kind of negligence, your Digit Third Party cover will still hold good.
- In case of a personal accident-related claim, all you need to do is call us at 1800-258-5956 and we’ll take care of the rest!
Things to Consider When Making a Third-Party Car Insurance Claim
- In case of an accident, the respective third-party must file an FIR at the time of damage - post which the insurance company must be notified as well. Without this, the required compensation can’t be made.
- In an accident, it’s important that the third-party has viable evidence to prove the fault of the opposition party.
- In case of minor damages and losses, it’s always advised to try and settle them out of court since the process of filing a FIR and dealing with the Motor Vehicle Tribunal is often time-consuming.
- As per the rules and regulations of the IRDAI, it is up to the Motor Accident Claims Tribunal to decide on the claim amount. While there’s no upper limit on personal damages to a third-party, there is a limited liability of up to Rs 7.5 lakhs in case of damages and losses caused to a third-party vehicle or property.
How fast are Digit Insurance Claims Settled?
This is the first question that should come to your mind when switching your insurance company. Good you’re doing that!
Read Digit’s Claims Report CardAdvantages of a Third Party Car Insurance
Disadvantages of a Third Party Car Insurance
Types of Car Insurance plans in India
Third Party
A Third-party car insurance is one of the most common types of car insurance; in which only damages & losses caused to a third-party person, vehicle or property are covered.
Comprehensive
A Comprehensive car insurance is one of the most valuable types of car insurance that covers both third-party liabilities and damages to your own car as well.
Third-Party
Comprehensive
|
Damages/Losses to own car due to an accident |
×
|
✔
|
|
Damages/Losses to own car in case of fire |
×
|
✔
|
|
Damages/Losses to own car in case of a natural calamity |
×
|
✔
|
|
Damages to Third-Party Vehicle |
✔
|
✔
|
|
Damages to Third-Party Property |
✔
|
✔
|
|
Personal Accident Cover |
✔
|
✔
|
|
Injuries/Death of a Third-Party Person |
✔
|
✔
|
|
Theft of your car |
×
|
✔
|
|
Doorstep Pick-Up & Drop |
×
|
✔
|
|
Customize your IDV |
×
|
✔
|
|
Extra protection with customized add-ons |
×
|
✔
|
Know more about the difference between comprehensive and third party insurance
