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Benefits of 4-wheeler third party insurance

There is one thing you absolutely must have before you can jump into the driver seat and take your vehicle for a spin, which is 4-wheeler third party insurance. This is the most basic form of cover you can purchase for your vehicle.

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Benefits of 4-wheeler third party insurance

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  1. Benefits of 4-wheeler third party insurance

  2. There is one thing you absolutely must have before you can jump into the driver seat and take your vehicle for a spin, which is 4-wheeler third party insurance. This is the most basic form of cover you can purchase for your vehicle. Without this coverage, you will be driving illegally and could face fines up to Rs. 2,000 and even jail time of up to 6 months. Let’s take a look at some of the benefits these plans can provide you with.

  3. Affordability. • This is one of the biggest advantages of choosing 4 wheeler third party insurance. Since it is the most basic type of car insurance, it is also the most affordable cover you can purchase. The premium for these plans depends only on the cubic capacity of the engine and can start from as little as Rs. 2,072 for cars with a cubic capacity lower than 1000cc. • Liability cover. • It is a general misconception that 4 wheeler third insurance does not provide any cover for the policyholder. However, this is not true as these plans protect the insured from third-party liability. What this means is that, if your vehicle causes damage or injury to others, then you would be liable to provide compensation for said injuries & damages. However, if you have third party insurance, the insurance provider will protect you from this liability and will provide compensation on your behalf.

  4. Personal accident cover. • Another extremely helpful that 4 wheeler third party insurance provides is personal accident cover. We must remember that roads are full of peril and accident can cause severe injuries. This is when the personal accident cover of a third party policy can come into play. This element of coverage will offer payouts of up to Rs. 15 lakhs in case of grievous injuries or death resulting from an accident. Of course, the amount of payout will depend on the extent of injuries. However, one thing is for sure, a lumpsum payment like this will help the policyholder and/or his family members get through an extremely challenging time.

  5. Can be purchased in long-term variants. • Another benefit of third party car insuranceis that it can be purchase in long-term variants. You can purchase up to 5 years of cover at one go. This ensures that you can skip possible price hikes enforced by the IRDAI on third party premiums. It also ensures that you can forget about renewing your plan for up to 5 years! • Four wheeler third party insurance might be vanilla insurance, but it sure does pack a lot of benefits for the price. Therefore, if you are not particularly interested in coverage for your own car and want affordable coverage, then third party plans are just the thing for you! They allow you to legally drive your car on Indian roads, without having to a hefty amount for insurance coverage. You can buy third party insurance online in a matter of minutes and hit the road with complete peace of mind! • Hope this has been helpful, good luck and drive safe!

  6. For More Details On 4 Wheeler Third Party Insurance Or You Can Visit https://www.naviinsurance.com/third-party-liability-insurance/ THANK YOU

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