Branches across the country
SBI General Insurance has more than 135+ branch locations in the country. Purchasing or renewing insurance can be done from even remote parts of the country.- Need Help
Ready To Get Started?
Reach Out & Give Us A Call. We're Here To Help.
1800 102 1111
Healthline numbers for our health insurance customers
Available 24/7
1800 210 3366
1800 210 6366
Need Support?
Have Queries About Your Current Product? Please Write Us An Email & We'll Sort it Out.
customer.care@sbigeneral.in
- Quick Links
Main
Ready To Get Started?
Reach Out & Give Us A Call. We're Here To Help.
1800102111
Need Support?
Have Queries About Your Current Product? Please Write Us An Email & We'll Sort it Out.
customer.care@sbigeneral.in
Here’s Why You Should
Opt For Third-Party
Car Insurance
Why Third-Party Car Insurance?
As a vehicle owner, you must abide by the traffic rules and be very cautious when on the road. Moreover, to keep yourself safeguarded in case of any mishaps, you must have a car insurance policy in place. You can opt for different kinds of protection plans for your vehicle. A Third-Party car insurance is the most basic and necessary insurance policy that you must purchase to protect yourself from Third-Party liabilities in case of any mishaps. You can buy Motor Act Only Private Car Insurance from SBI General Insurance and protect your vehicle.
Key Features and Benefits of Third-Party Car Insurance.
A Third-Party Car Insurance Policy is vital in protecting you from any liabilities in the instance that a Third-Party is injured in an event wherein your vehicle was involved. You can easily purchase a Motor Act Only – Private Car Insurance Policy with SBI General. This policy can protect you from financial liabilities while compensating the Third-Party for any damages. Mentioned below are some of the important features and benefits of this plan:
Advantages, Disadvantages, Inclusions and Exclusions in Third-Party Car Insurance
Advantages of a Third-Party Car Insurance Policy
- Protects you from financial liabilities towards any Third-Party property damage.
- Coverage against injury or death of Third-Party. .
- Fulfils legal requirement.
Disadvantages of a Third-Party Car Insurance Policy
- Does not provide insurance for any damage to your car due to road accidents.
- Does not cover you against personal injuries while driving.
- No add-on covers were provided.
Third-Party Liability Car Policy Inclusions
- Legal liability for personal injuries to a third-party are covered under the insurance policy.
- In the unfortunate event of the death of a Third-Party due to an accident involving your car, they will be compensated by the insurance company based on court award.
- Legal Liability for Third-Party Property Damage (TPPD) is covered under the insurance policy.
Third-Party Liability Car Policy Exclusions
- Damages to your vehicle caused by accidents will not be covered.
- The policy will not cover Third-Party liabilities if the car was being driven under the influence of any intoxicants.
- Driving without a license, or with an invalid license will debar you from making an insurance claim for any Third-Party damages.
- Any claims which are made to compensate for contractual liabilities of the car, will not be covered.
- Damage to the car due to any mishaps like war or natural disasters will not be covered.
Third-Party Liability Car Policy Inclusions
Third-Party Liability Car Policy Exclusions
Advantages of a Third-Party Car Insurance Policy
- Protects you from financial liabilities towards any Third-Party property damage.
- Coverage against injury or death of Third-Party. .
- Fulfils legal requirement.
Disadvantages of a Third-Party Car Insurance Policy
- Does not provide insurance for any damage to your car due to road accidents.
- Does not cover you against personal injuries while driving.
- No add-on covers were provided.
Third-Party Liability Car Policy Inclusions
- Legal liability for personal injuries to a third-party are covered under the insurance policy.
- In the unfortunate event of the death of a Third-Party due to an accident involving your car, they will be compensated by the insurance company based on court award.
- Legal Liability for Third-Party Property Damage (TPPD) is covered under the insurance policy.
Third-Party Liability Car Policy Exclusions
- Damages to your vehicle caused by accidents will not be covered.
- The policy will not cover Third-Party liabilities if the car was being driven under the influence of any intoxicants.
- Driving without a license, or with an invalid license will debar you from making an insurance claim for any Third-Party damages.
- Any claims which are made to compensate for contractual liabilities of the car, will not be covered.
- Damage to the car due to any mishaps like war or natural disasters will not be covered.
Why Do You Require Third-Party Liability Insurance?
A Third-Party car insurance plan is mandatory according to The Motor Vehicles (Amendment) Act, 2019. Thus, you need to get this insurance in order to drive your vehicle on Indian roads. The insurance makes sure that compensation for any Third-Party damage does not remain unfulfilled for any reason. This basic insurance policy protects you from any financial liabilities due to damage to any Third-Party or their property. This insurance is a protective assurance for people on the road, as mandated by law.
Who Should Buy Third-Party Car Insurance?
Any new or existing vehicle owner can purchase Third-Party car insurance. This is a basic policy that has a low cost. The policy is suitable for people with financial constraints who just need the law-mandated policy for their vehicles. The policy is also a better option if your vehicle is very old and the value is very low. If you use your vehicle on only rare occasions, then a Third-Party car insurance is suitable for you, as you will be at a lesser risk of any additional damages on the road.
Comprehensive Car Insurance Vs. Third-Party Car Insurance
A comparison between a comprehensive car insurance and Third-Party only insurance can help you choose the correct policy for yourself.
Third-Party Car Insurance
- The insurance premium is lower.
- Covers any injury or damages caused to a Third-Party.
- Additional benefits cannot be availed.
- This is a mandatory insurance as per the motor laws of India.
Comprehensive Car Insurance
- Premium is higher as it offers more coverage.
- Covers injury or damages to the Third-Party and also covers any damages to the insured vehicle.
- You can opt for add-on benefits while purchasing the policy, for a wide range of coverage options to protect your vehicle.
- This insurance is optional and can be bought only if you want to.
Reasons Why You Should Get Motor Act Only
– Private Car Insurance from SBI General Insurance
Steady insurance claim settlement
The company has settled insurance claims worth over Rs. 15,000 crores. You can be assured that any insurance claim you make will be handled ably and quickly.
Great customer service
With more than 10.19 crores of satisfied customers, SBI General Insurance will provide you with prompt customer service and resolve your queries with the utmost priority.FAQs
Yes. Third-Party liability insurance is mandatory according to The Motor Vehicles (Amendment) Act, 2019. Third-Party insurance has been mandated to protect people against any accidents on the road.
Car insurance needs to be renewed as soon as the policy term ends. The policy tenure of most car insurance plans is usually one year. Therefore, premiums have to be paid annually to renew the policy.
Act Only Insurance Policy – (UNI: IRDAN144RP0001V01200910)
Disclaimer: The above information is indicative in nature, for more details on complete coverage and terms and conditions, please contact our nearest office and also read the policy document and sales brochure carefully before concluding a sale.
Popular Links
Company
Vision
Our vision is to become the most trusted general insurer for a transforming India.
Mission
Our mission is to provide simple and innovative general insurance solutions, be responsive to our customers' needs and build a sustainable business for the future.
Download Our App
Popular Links
Company
We're socially active!
