New India Third Party Car Insurance

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Protecting yourself against any monetary loss due to an unfortunate event is as important as your car. As per the Indian Government, under the Motor Vehicles Act 1988, every vehicle owner must own a valid vehicle insurance policy. A third-party insurance is required as mandatory as it protects the interests of the vehicle owner against  third-party legal liabilities. The New India third-party car insurance is an ideal choice when it comes to buying a secure and hassle-free car insurance policy.

The best part is that you can buy New India 3rd party car insurance online in some simple steps. 

How does New India Third Party Car Insurance Policy Work?

Imagine how peaceful it is not to worry about finances in case your car accidentally causes damage to a third-party. That's what third-party car insurance does for you. New India car insurance provides basic financial coverage to the car owner against third-party liability in case your car causes any damage or loss to the third-party passenger or vehicle. This third-party insurance policy provides cover to the policyholder from third-party liability such as death, bodily injury, property damage, etc., arising due to an accident while driving your four-wheeler.

The only drawback of buying only a third-party insurance is that there is no coverage for own damage incurred by the policyholder or their vehicle. Any such damage would be paid for out of the policyholder’s own pocket, and not by the insurer.

New India Third Party Car Insurance Vs. Comprehensive Car Insurance

Basis Of DifferenceThird Party Car InsuranceComprehensive Car Insurance
Coverage ExtentThird-party insurance only covers the damages incurred by the third-party.Comprehensive car insurance provides complete coverage for third-party and own damages.
Availability of Add-onsAdd-ons cannot be purchased with a third-party policy.Add-ons can be purchased with a comprehensive policy.
Cost EffectivenessMore cost effective as the coverage is limited.Less cost effective as the coverage is quite extensive.
RequirementRequired as a mandatory inclusion with buying a car.Not a compulsory requirement by the governemnt.

How to Buy New India Third Party Car Insurance Policy? 

You can buy a New India third-party car insurance policy online or offline. The steps for the same are given below:

  1. Visit the official website of the insurer.
  2. Download the form and fill in the details regarding your car.
  3. Choose the type of insurance policy you want to buy.
  4. Submit the required documents and upload the paperwork.
  5. Pay the premium through online transactions and buy the policy.
  6. Collect all the information on email.

What All is Covered Under New India Third Party Car Insurance Policy? 

New India third party car insurance policy covers the following risks:

  • Covers the expenses arise due to damages of property suffered by a third party during an accident with the policy holder's car.
  • Covers the expenses in case of any injury or death suffered by a third party during an accident with the policy holder's car.

What All is not Covered Under New India Third Party Car Insurance Policy?

New India third-party car insurance policy does not cover the following:

  • Damages to the owner's car or belongings in the accident, theft or fire.
  • Any injury or death of the driver or owner of the insured car.
  • Driver under the influence of drugs or alcohol.
  • Intentional accidents.
  • Private car being used for commercial purposes.
  • Underage driving.
  • Driving the vehicle without a valid DL and/or policy.

Key Benefits of New India Third Party Car Insurance Policy

The following are the benefits that you can enjoy after buying a New India car insurance policy:

  • Takes care of third-party liabilities, both financial and legal.
  • Renewal process is extremely streamlined.
  • Claim settlement process is extremely hassle-free, with less paperwork.
  • Easy-to-use online portal for policy purchase and payment of premium.

New India Third Party Car Insurance Policy Review

The claim ratio of the New India third-party car insurance is very good and well versed. They readily help the customers to settle their claims on time and to get the best-in-class claim.

New India Third-party Car Insurance FAQs

  • 1. Is it compulsory to buy New India third-party car insurance policy?

     Yes, New India third-party car insurance is mandatory to buy as per Motor Vehicles Act, 1988. 

  • 2. Who can take the New India third-party car insurance policy?

    Any car owner whose vehicle is registered with his or her name in the Regional Transport Authority of India is eligible to buy the New India third-party car insurance.

  • 3. What are the cost factors of New India third-party four-wheeler insurance?

    New India third party car insurance policy cost depends upon the following factors:

    • Insured Declared Value
    • Age of the Vehicle
    • Cubic Capacity
    • Model ofCcar
    • Add-on Covers
    • Geographical Zone
  • 4. What documents are needed while lodging a claim for New India third-party car insurance?

    While filing your New India third-party car insurance claim, the insurer will expect the following documents-

    • Claim Form
    • RC or Registration Certificate
    • Copy of FIR 
    • Bills and Repair Proof
    • Receipt of the Premium Paid
    • Copy of New India third-party car insurance policy
    • Driving Licence
  • 5. What is the claim process of New India third-party car insurance?

    For that, you need to inform the insurer that you have met with an accident that caused the third party's loss/damage/injury and provide the information such as the date and time of the event, details of insurance and policyholders involved, photographs of the incident, eyewitnesses, etc. The insurer will assess all evidence and documents to settle the claim with a third party accordingly.

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