Having a third-party car insurance policy is a legal mandate to be followed by all car owners in India. The policy ensures financial protection if the insured vehicle is a causing agent of damages to third-party vehicles and properties. In fact, the policy providers bear medical expenses if a third person's physical injury occurred due to an accident involving the insured car. Individuals just need to pay a nominal yearly premium to their insurers for perpetuating all these benefits.
Now that you know what third-party car insurance is, let's discover its coverage, benefits and functionalities.
Individuals get the below-mentioned coverage against their car insurance policy:
This insurance policy provides considerable financial protection by helping them restore the third party damages. However, to ensure the continuity of all its benefits, they must renew their third-party car insurance online by paying the premium on or before the due date.
Here is how this motor insurance policy functions:
Individuals need to purchase this car insurance policy to avail the following benefits:
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