Third-Party Car Insurance
Car accidents cause many injuries and damages. With third-party car insurance, you get coverage against injury and property damages caused to the third party by the policyholder in a mishap or an accident.
Get complete peace of mind with third-party car insurance from Bajaj Finance Ltd. The policy covers third party’s injuries, death, or property damage caused during an accident due to your fault.
Features and Benefits of Third-Party Car Insurance
| Key Features | Benefits |
|---|---|
| Time to Buy a Car Insurance | Within few Minutes |
| Cashless Repairs | 4500+ Network Garages |
| Cashless Hospitalization | Across 6,500+ Hospitals |
| Customizable Add-Ons | Available |
| No Claim Bonus (NCB) Benefits | Get up to 50% Discount |
| Easy Claims | Digital Process |
| Claim Settlement Ratio | 98% |
| Third-Party Liability Cover | Available |
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Comprehensive coverage
Get complete protection for the damages caused to a third party by your car due to an accident. Get paid for the injuries, death, and property damage caused to the third party.
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Get a safety net
Get a safety net against uncertain financial liabilities arising out of an accident.
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Easy claim settlement
Settle your claims easily with Bajaj Finance’s seamless service.
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Available online
Buy third-party car insurance online from the comfort of your home or office.
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Affordable Premium
Pay a fixed nominal premium to cover a huge financial liability.
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Optional Upgrades
Buy add-ons and upgrade your policy to include coverage for your car and personal accident cover for the owner-driver.
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Abide by the law
It is mandatory to buy third-party car insurance under the Motor Vehicles Act, 1988.
Inclusions of Third-Party Car Insurance
Personal accident
This plan covers the treatment costs in case of any personal injury to the policyholder.
Accidental damage to third party property
A standalone Third-party car insurance policy gives you coverage against liabilities arising due to damages suffered by a third party. The policy provides coverage for property or vehicle damage to the third party involved during the accident.
Accidental injury to or death of a third party
A standalone Third-party car insurance policy gives you comprehensive coverage against any liabilities arising from death or injury to a third party. In case of a mishap leading to injury or death of a third party, four-wheeler third-party insurance also covers medical and hospital costs.
Exclusions of Third-Party Car Insurance
There are a few exclusions for third-party car insurance, like:
- Damages to your car or belongings in the accident or due to theft or fire.
- Any injury or death of the driver-owner of the insured car.
- The third-party damage caused when the driver was under the influence of drugs or alcohol.
- If the accident was deliberately performed or if the insured car was used for commercial purposes.
- If the driver was below 18 years or without a valid driving license or was driving on the wrong side of the road.
Why should you Buy Third-party Car Insurance
It is always beneficial to have a third-party car insurance policy in place in case of any unfortunate eventuality. Third-party Insurance provides an additional layer of protection to your existing Auto Insurance and covers unforeseen expenses in the future.
Financially beneficial:Third-party Car Insurance will protect you from heavy fines and damage costs of a third party.
Cost-Effective:Third-Party Car Insurance is cost-effective and provides long-term benefits compared to other plans.
License Protection: Third-party Car Insurance safeguards against the seizure of a driving license.
Legal Protection:Third-Party Car Insurance saves policyholders from time-consuming legal hassles.
Safety Net: Third-Party Car Insurance provides a personal accident cover of up to 15 lakhs.
How to Buy Third-party Car Insurance Online?
Here are the steps to to apply for car insurance online:
- Click the ‘Apply Now’ button at the top
- Fill in the online application form with your personal details and click on the ‘Submit’ button
- Make the fee payment online
- If required opt for a call back from our representatives or complete the process by clicking on 'Buy Now'
Why Choose Bajaj Finance for Third-party Car Insurance
Bajaj Finance provides you best third-party Car Insurance options available today. We provide value for your hard-earned money and gift your peace of mind in times of turmoil. Bajaj Finance provides a comprehensive 3Rd Party Insurance plan that is affordable and efficient for the policyholders.
Affordable:Affordable premiums and special discounts make the Bajaj Finance Third-Party Car Insurance a financially attractive policy.
Wide Network:We have 8000+ network garages spread across India, providing hassle-free services to policyholders.
Happy Customers:Crores of satisfied customers are a testimony to Bajaj Finance's commitment towards policyholders.
Online Policy:In within a few minutes, with a click of a button, you can purchase a Bajaj Finance Online policy and be safe and secure.
No Documentation: Bajaj Finance offers instant third-party Insurance without the hassle of time-consuming paperwork.
Financial Freedom: Bajaj Finance provides policyholders with a personal accident cover up to 15 lakhs with the four-wheeler third-party insurance.
Frequently Asked Questions (FAQs) for Third-party Car Insurance
What does compulsory 3rd party car insurance cover?
Third-party car insurance is compulsory in India as specified in the Motor Vehicles Act 1988. The policy covers third-party damage to property or them in case of an accident.
What is deductible?
Deductible or Excess is the amount charged or deducted from the payable claim amount in Third Party Car Insurance.
It varies around Rs 500 for cars. It is calculated based on the carrying capacity of the car. Additional charges may be levied depending on the age of the vehicle and the frequency of claims.
Do I have to inform anyone if I install a CNG or LPG kit in my car?
Any Modification in the car can lead to a change or even cancellation of Third-Party Car Insurance. In case of installation of CNG or LPG kit, it is imperative to inform the Insurer Company and the Road Transport Authority (RTA). The company will communicate the change in premium. The RTA will make the changes to your registration certificate. If the change of Kit is not reflected on your registration certificate, any claim made after the change can be rejected.
What is the difference between Comprehensive and Third-Party Insurance?
Comprehensive Car Insurance covers damage caused to the insured vehicle as well as the injury/death or property damage of a third party. The maximum cap on this offer is 7.5 lakhs.
Third-party insurance offers compensation only for death/injury or property damage of the third party up to Rs. 7.5 lakhs.
Comprehensive Car Insurance has add-on options like depreciation cover, consumables cover, etc., which can be availed by paying an extra premium.
Third-Party Car Insurance has no add-ons.
Comprehensive plans offer extensive coverage but are expensive, with higher premium amounts. Third-Party Insurance offers specific coverage, and hence the premiums are more affordable.