Why is 3rd party insurance mandatory?
The only way to safeguard your vehicle from such damages is to buy a comprehensive cover. TP insurance covers you against death of or bodily injury to a third party and damage to any property of a third party (limited liability).
What if there is no third party insurance?
Legal Liability\n\n In case of an accident, if you do not have a valid motor insurance for third party liability policy then two cases will be filled against you- criminal case (for negligent driving) and the second one to get claim you would have to give compensation to the family of the deceased.
Which insurance is compulsory by law in India?
In India, as per the Motor Vehicles Act, it is mandatory that all vehicles that operate in any public space must have a motor vehicle insurance cover. Policyholders must have at least 'third party liability' motor insurance cover even when opting for the basic insurance plans.
What is the law relating to third party insurance in India?
Third-party insurance, which is also sometimes referred to as 'act-only' insurance is a statutory requirement for all vehicle owners as per the Motor Vehicle Act. It is a type of insurance cover where the insurer offers protection against damage to the third-party vehicle, personal property and physical injury.
[PDF] Mandating third party insurance period of cars and two wheelers
23 juil 2018 · WP(C) No 295/2012 - S Rajaseekaran V/s Union of India and Ors in the matter of third party Insurance for Car and Two wheeler -reg
[PDF] third party private car policy - 3 years - irdai
Subject to the limits of liability as laid down in the Schedule hereto the Company will indemnify the Insured in the event of an accident caused by or arising
[PDF] standalone motor third party insurance policy for two wheeler - irdai
Except so far as is necessary to meet the requirements of the Motor Vehicles Act the Company shall not be liable in respect of death or bodily injury to any
[PDF] Have you renewed your Vehicle Insurance policy??
and third party legal liability Vehicle Insurance in India is a compulsory requirement for all new vehicles used whether for commercial or personal use
[PDF] Insurance Regulatory and Development Authority of India
2015..pdf
[PDF] chapter vii insurance of motor vehicles against third party risks
exempted from the compulsory insurance under sub-section (2) of section 146; (x) "visitor" means a person bringing a motor vehicle into India and making
[PDF] INSURANCE OF MOTOR VEHICLES AGAINST THIRD PARTY RISKS
2 mar 2018 · Indian statute has been established on the lines of many English statutes Now every vehicle plying on road has to have compulsory third party
[PDF] MOTOR INSURANCE - NIOS
compulsory but the insurance of third party liability arising out of the use of motor vehicles in public places is made compulsory No motor vehicle can
[PDF] 1 FAQs : New India Assurance Motor Policy - ICSI
Registered on or after 1st September 2018 would be having Long Term Third Party Liability cover of Three Years for Private Cars and Five Years for Two