Why Should You Get Third Party Car Insurance?
In essence, third party car insurance plans protect you against all legal liabilities arising from an accident that may have led to the injury, death or damage of a third party. Typically, third-party liability insurance for cars provides you with adequate protection against the unforeseen circumstances that may come your way.
These kinds of insurance policies also offer you peace of mind with the knowledge that you will be covered for the financial consequences of a third-party victim’s suffering, injuries, pain and lost wages. They also offer coverage for property damages inflicted upon arbitrary third parties. Additionally, in case of any death, the victim’s family may also file for compensation under the purview of a third party car insurance onlne.
Here, we help you take a quick look at the popular third-party car insurance policies available for grabs at affordable costs.
Which Is the Best Third Party Car Insurance Policy In 2018?
As the purchase of third party car insurance is mandatory as per the Indian Motor Vehicles Act, 1988, it is important that you look them up at the earliest.
Web-based insurance aggregator and comparison websites like Coverfox.com go a long way in helping your cause. They provide helpful online tools for the calculation and comparison of third party car insurance. Given below is a quick overview of the best third-party car insurance policies in 2018 for your perusal.
Overview of Best Third Party Car Insurance Policy Providers in India
1. Bajaj Allianz General Insurance Co. Ltd.
As per market watchers in the insurance space in India, Bajaj Allianz Auto Insurance tops the list of all third-party car insurance players with regards to customer satisfaction, feature rich policies, cashless claim settlement and so on.
The Bajaj Allianz third party car insurance plans also provide 24/7 doorstep surveyor facility, online purchase on EMIs, towing assistance, cashless settlement via 1500+ network garages, ease of claim settlement and many other benefits.
2. Tata AIG General Insurance Co. Ltd.
When it comes to purchasing the best third party car insurance from acompany known for its hassle-free distribution and claims processing channels, Tata AIG General Insurance is a very popular choice for a company amongst customers.
Tata AIG General Insurance provides free car pick up and warranty on repairs along with scores of other benefits. The claim settlement process for all third-party claims usually takes a week, thus making it a feasible option for many.
They also provide many useful add-ons on the cards of Tata AIG third-party car insurance plans to add more value to the claim amount, albeit at an extra premium cost.
3. Oriental Insurance Company
The third party car insurance plans provided by Oriental Insurance Company are backed by many industry professionals and industry-specific awards, thereby making it one of the best companies for car insurance in India. The Incurred Claim Ratio (ICR) attributed to Oriental Insurance Company, for the financial year 2015-2016, was 83.71 per cent.
You can add to the value of your third-party car coverage by opting for the valuable add-ons offered by the Company.
4. The New India Assurance Co. Ltd.
When you choose to buy a third party car insurance plan from New India Assurance Co. Ltd., you can look forward to claim decisions being taken within three days of application. The Company has many car coverage products and add-ons to its credit for people looking for comprehensive coverage plans as well.
Is Your Third Party Car Insurance Policy The Best?
Third-party insurance is but a liability insurance wherein you purchase a product for protection against all third-party claims. The third-party car insurance policy chosen by you can be considered lucrative if it provides the necessary financial assistance and legal cover in case of an accident in which you are at fault.
The best third-party car insurance coverage is the one that takes care of the financial and legal liabilities in case of the death or disability of any third party, including any damage or loss to third party property. Though the third party becomes the direct beneficiary of the claim, rather than you or the insurance company, it is still a convenient option. This is because the plan chosen by you would secure you against culpabilities in a timely fashion.
The Last Word
Log in to Coverfox.com to get the best coverage benefits for your third-party car insurance plan. Once you have compared the benefits and features of the various plans that match up to your needs and budget, go ahead and buy the best one through reliable online payment channels on the portal – you will be happy with the results.