1 / 10

Important Points About Third-Party Motor Insurance

As per the Indian law, third party vehicle insurance is a fundamental prerequisite to drive a vehicle. Under this insurance policy, the company agrees to cover the insured person, if he is charged or held lawfully liable for damage or injuries done to a third party.

libertyvideocon
Download Presentation

Important Points About Third-Party Motor Insurance

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Important Points About Third-Party Motor Insurance

  2. Introduction About third party vehicle insurance As per the Indian law, third party vehicle insurance is a fundamental prerequisite to drive a vehicle. Under this insurance policy, the company agrees to cover the insured person, if he is charged or held lawfully liable for damage or injuries done to a third party.

  3. Coverage What does third party insurance for two wheeler cover? It covers against the following things: • Damage to third party property • Physical injury or death to a third party • Permanent disability of the insured driver or vehicle owner • Accidental death of the insured driver or vehicle owner

  4. Claim Who can file a third party vehicle insurance claim? The claim can be filed by the injured person in a court at the place of accident or at a place where the owner of the vehicle lives or the injured person or his dependents live.

  5. Not Covered Things that are not covered under third party vehicle insurance claim Your own vehicle’s damage will not be covered under third party vehicle insurance. In case, if your car collides with another vehicle and your car gets damaged, then this will not be covered under third-party motor insurance.

  6. Coverage Amount You can claim for compensation only once. For this reason, the injured party cannot expect their insurance company to prepare for any shortage in the repayment that the court has decided.

  7. Maximum Amount As per the current structure of the tariff product, the legal liability of the insurer is restricted to a maximum sum of INR 7.5 lakhs. That means any amount in excess of INR 7.5 lakhs will be borne by the car owner.

  8. Maximum Amount While filing a third party claim, the insured victim needs to follow the terms and conditions of the insurance company as claims that do not fall under the terms and conditions will not be covered. Therefore, it is important that you know the terms and conditions of the third party 2 wheeler insurance policy before investing in the same either online or offline. Liberty Videocon is a well-known general insurance company that offers motor insurance policies and also gives you the facility to buy as well as renew policies online.

  9. Contact Us Liberty Videocon General Insurance Company Address: 10th floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai, Maharashtra, 400013 Call Us: 1800-266-5844 Website: https://www.libertyvideocon.com Email: care@libertyvideocon.com Social Connection Facebook | Twitter | LinkedIn | Google + | YouTube

  10. Thank You

More Related