Third party insurance is a must have insurance cover for protecting you from third party liability in case of road accidents, and it is also compulsory under the Indian Motor Vehicles Act. A small premium can go a long way in protecting your family and ensuring compliance with the law.
With the transport ministry and the Supreme Court springing into action, and insurers like ICICI Lombard offering Long Term two wheeler insurance, vehicle owners are less likely than ever to get away with not being insured.
With 56 road accidents and 16 resultant deaths occurring every hour in 2014, 27.3% of which involve two wheelers, it has never been a better time to learn more about the precautions you can take to rider safer.
While third party car insurance is compulsory under the Motor Vehicles Act, it does not offer you comprehensive, customised coverage. With the help of carefully chosen riders, however, you can get the exact kind of coverage you really need.
Beyond getting the right coverage for you and your vehicle, it’s equally important you get the right insurer, one who processes claims in a timely manner, answers all your questions and does not inconvenience you as a car owner.