What is Third party vehicle insurance?

• 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.

• Third Party Car Insurance protects you against legal liabilities in case of an accident. If you are involved in a car accident that resulted into property damage, bodily injury to the driver or any passenger in the vehicle, disability or even death, your insurance company will compensate for it even if you are at fault. Thus, the third party only insurance covers you from financial liability towards a third party whether it’s your fault or not.

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