Third Party – Private Car Insurance

Third Party – Private Car Insurance

Total Cover

100% Claim Settlement

No

Documentation

Reasonable

Premium

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Total Cover

100% Claim Settlement

No

Documentation

Reasonable

Premium

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Client Testimonials​

Prakhar Srivastava
2 months ago
They guided me through the intricacies of various insurance options, ensuring I fully understood each policy's coverage and benefits. Their transparency and willingness to address all my concerns instilled a sense of trust and confidence in their services.
punitchibber chibber
2 weeks ago
Good service whenever we call to them they give positive response i have a claim they support and my claim got settled
Agam Kansal
2 weeks ago
Brilliant place for all types of insurance. Always connected with every claim settlement.. Hassle free.. Kudos to beemawala..
rahul goyal
6 months ago
Beemawala and team is a best Company for take any type of insurance. They support and take care of your claim . Thanks a lot for your support of my claims many times .
Devyani Kharbanda
2 years ago
Shantanu is professional and very prompt in responding to my questions. I’m a repeated client and he’s been supportive throughout. I highly recommend his services. I wish him and his team good luck for future.
What is What is Third Party – Private Car Insurance Policy ?

Third Party – Private Car Insurance Policy is a type of car insurance that provides coverage for liabilities arising from damage or injuries caused to a third party (any person other than the insured or their passengers) due to an accident involving the insured’s car. It is a mandatory insurance policy required by law in India for all vehicles. The policy covers the legal liabilities of the insured for bodily injury, death, or property damage to the third party. However, it does not provide any coverage for damages to the insured’s own vehicle. Third Party – Private Car Insurance Policy ensures financial protection and compliance with legal requirements for car owners in India.

⛦ Example Scenario:
In the scenario where Ramesh’s car met with an accident with a bike rider, and the bike rider got seriously injured, Third Party – Private Car Insurance Policy would come to Ramesh’s rescue. The insurance policy would cover Ramesh’s legal liabilities towards the injured bike rider. The insurance company would take care of the medical expenses and compensation for the bike rider’s injuries and any other damages caused to the bike. This helps Ramesh avoid financial burdens and legal consequences that may arise due to the accident. Third Party Insurance provides the necessary financial protection and ensures that Ramesh fulfills his legal obligations towards the injured party.

Coverages of Third Party - Private Car Insurance

Third-Party Liability

Third-Party Liability

This covers legal liabilities towards third parties for bodily injury, death, or property damage caused by the insured vehicle.

Personal Accident Cover (PA)

Personal Accident Cover (PA)

Provides compensation for the owner/driver in case of accidental death or permanent disability due to an accident involving the insured car.

Personal Accident Cover (PA)

Passenger Personal Accident Cover

Offers coverage for passengers in the insured vehicle in case of accidental death or permanent disability due to an accident.

Property Damage

Property Damage

Covers the cost of repairing or replacing third-party property damaged by the insured vehicle.

Legal Expenses

Legal Expenses

Provides coverage for legal costs incurred in defending against legal claims related to the insured vehicle.

Note: Third Party – Private Car Insurance does not cover damages to the insured vehicle itself; it only covers the liabilities towards third parties.

Additional Add-ons OF Coverages of Third Party - Private Car Insurance

Personal Accident (PA) Cover for Owner and Driver

Personal Accident (PA) Cover for Owner and Driver

Provides financial compensation in case of accidental injury or death to the owner or driver of the insured car.

Liability Cover for Paid Drive

Liability Cover for Paid Drive

Offers coverage for legal liabilities arising from injuries or damages caused to a paid driver while operating the insured car.

Legal Liability to Employees

Legal Liability to Employees

Extends coverage for legal liabilities towards employees of the insured car in case of injury or damages during employment duties.

Personal Accident Cover (PA)

Personal Accident (PA) Cover for Passengers

Provides financial compensation in case of accidental injury or death to passengers traveling in the insured car.

These add-ons provide additional protection and financial security to the insured owner, driver, passengers, and employees in case of unforeseen accidents or mishaps involving the insured car.

Factors Determining the Premium of Coverages of Third Party - Private Car Insurance

Engine Capacity (CC)

Engine Capacity (CC)

The cubic capacity of the car’s engine directly impacts the premium. Cars with higher engine capacity are generally associated with higher premiums.

Fuel Type

Fuel Type

The type of fuel used in the car, such as petrol, diesel, CNG, or electric, also affects the premium. Different fuel types may have different premium rates.

Major Differences Between Own Damage (OD) Cover and Third-Party Liability Cover In Private Car -New Vehicle Insurance

Coverage Own Damage (OD) Cover Third-Party Liability Cover
Definition
Provides coverage for damages to your vehicle due to accidents, theft, natural calamities, fire, and more.
Covers legal liabilities for damages caused to third-party property, injuries, or death due to your car's involvement in an accident.
Scope of Coverage
Protects your own vehicle against a wide range of perils and damages.
Only covers damages and injuries caused to third parties, not your vehicle.
Premium Determination
Based on factors like car's make, model, IDV, and add-ons chosen.
Regulated by the Insurance Regulatory and Development Authority of India (IRDAI). Premium rates are predefined based on the car's engine capacity.
Coverage Extent
Comprehensive coverage for your vehicle, including theft, own damage, and accidents.
Limited to liabilities arising from third-party property damage, injuries, or death.
Add-ons
Various add-ons like zero depreciation, engine protection, roadside assistance, etc., can be availed to enhance coverage.
No add-ons are available, as it is a standardized cover as per IRDAI regulations.
Legal Compliance
Optional, but highly recommended for complete protection of your vehicle.
Mandatory by law to drive a vehicle on Indian roads.
Claim Settlement
Applicable for damages to your vehicle, subject to policy terms and conditions.
Covers financial liabilities towards third parties up to the prescribed limits.
Insurance Premium
Can significantly impact the premium amount based on the extent of coverage and chosen add-ons.
Premium rates are fixed as per the IRDAI guidelines and are based on the car's engine capacity.
In summary, Own Damage (OD) Cover provides comprehensive protection for your own vehicle, while Third-Party Liability Cover is mandatory by law and covers liabilities arising from damages to third-party property or individuals caused by your vehicle. Combining both covers ensures complete protection for your new vehicle under the New Vehicle Private Car Insurance policy.

How to Settle Third Party - Private Car Insurance Policy Claims?

Inform the Insurer

Inform the Insurer

Report the accident to the insurance company immediately. Provide all necessary details, such as the policy number, date, and time of the incident, and the contact information of involved parties.

File an FIR (If applicable)

File FIR

In case of injury or property damage, file an FIR with the police as it is a legal requirement.

Document Collection

Document Collection

Gather all relevant documents, including the claim form, copy of the policy, FIR, vehicle registration papers, and driving license.

Survey and Inspection

Survey and Inspection

The insurance company will appoint a surveyor to assess the damage or loss. They will inspect the vehicle and assess the liability.

claim settlement

Claims Settlement

If the claim is valid and within the policy’s coverage, the insurance company will process the claim and settle the amount with the third party as per the policy terms.

Legal Assistance

Legal Assistance

In case of legal disputes or third party claims against you, the insurance company may provide legal assistance.

Exclusions of Third Party - Private Car Insurance

Own Damage

Own Damage

Any damage to the insured’s own vehicle is not covered under this policy.

Intentional Acts

Intentional Acts

Any damage caused intentionally or due to fraudulent activities is not covered.

Driving without License

Driving without License

If the driver doesn’t have a valid driving license or is under the influence of drugs/alcohol during the accident, the claim will be denied.

War and Nuclear Risks

War and Nuclear Risks

Damage caused by war, nuclear explosions, or related risks is excluded.

Usage Violations

Usage Violations

If the vehicle is used for illegal activities or purposes not covered under the policy, the claim won’t be honored.

Mechanical Failures

Mechanical Failures

Claims arising from mechanical failures, wear and tear, or manufacturing defects are excluded.

Racing and Speeding

Racing and Speeding

Any accident while racing or participating in speed tests is not covered.

Damage Beyond Policy Scope

Damage Beyond Policy Scope

Any damage that falls outside the coverage scope of the policy will not be compensated.

Documents Required for claim settlement under Third Party - Private Car Insurance

Claim Form

Claim Form

Duly filled and signed claim form provided by the insurance company.

Police FIR

Police FIR

A copy of the First Information Report (FIR) filed with the police in case of third-party property damage or bodily injury.

Vehicle Documents

Vehicle Documents

Original vehicle registration certificate, insurance policy documents, and valid driving license of the insured.

Third-Party Details

Third-Party Details

Evidence of the extent of property damage caused by the insured’s vehicle.

Witness Statements

Witness Statements

 Statements from witnesses, if available, to support the claim.

Medical Records

Medical Records

Medical records and bills, if there are injuries to the insured or third party.

Property Damage

Property Damage

Evidence of the extent of property damage caused by the insured’s vehicle.

Valid Third Party Insurance

Valid Third Party Insurance

Proof of valid third party insurance of the involved vehicle, as it is mandatory for claim settlement.

Contact Information for Claim Settlement: related to Third Party - Private Car Insurance

If Policy Obtained through Agent/Broker

Claims are the reason we get a car insurance in the first place! Therefore, ensure the claim process of your desired car insurance is smooth and doesn’t take too long. When you’re in trouble, the last thing you want is, to spend all your time and energy in just filing a claim!

If Policy Obtained Directly from Insurance Company

Claim Settlements are basically getting your compensations done right. Claims being such an important part of a car insurance, check for your desired insurer’s claim settlement ratio so that you’re assured that no matter what, your claims will be settled!

Claim Contact Information for Policy from Beemawala.com

If you have taken the policy from Beemawala.com, please use the following contact details to register your claim.

Frequently Asked Questions: Third Party- Private Car Insurance

Third Party – Private Car Insurance provides coverage for damages or injuries caused to third parties by the insured vehicle. It is mandatory by law in India.

Third Party Insurance covers damages or injuries to third parties, including their property and bodily harm, caused by the insured vehicle.

Yes, Third Party Insurance is mandatory as per the Motor Vehicles Act, 1988, for all vehicles plying on public roads in India.

Third Party Insurance does not cover damages to the insured vehicle or injuries to the owner/driver. It only covers third-party liabilities.

Yes, you can enhance your coverage by adding add-ons like Personal Accident Cover for the owner/driver and passengers, Legal Liability to Employees, etc.

The premium for Third Party Insurance is determined by factors such as the engine capacity of the vehicle and the type of fuel used.

To settle a claim, inform the insurance company immediately, submit the required documents, and cooperate with the claims process.

No, Third Party Insurance does not cover damages to the insured vehicle. It only covers liabilities towards third parties.

Yes, Third Party Insurance is valid across India and provides coverage for accidents that occur anywhere in the country.

No, Third Party Insurance is non-transferable and remains linked to the insured vehicle only. It cannot be transferred to a new vehicle.

Four-wheeler third party insurance provides coverage for damages or injuries caused to third parties by the insured vehicle. It is mandatory by law in India.

The premium for four-wheeler third party insurance is determined by factors such as the engine capacity of the vehicle and the type of fuel used.

The price of four-wheeler third party insurance varies depending on the make and model of the vehicle and other relevant factors.

Yes, you can purchase four-wheeler third party insurance online through various insurance providers’ websites.

Yes, you can convert your third-party insurance to comprehensive insurance by contacting your insurance provider and paying an additional premium.

Yes, you can purchase four-wheeler third party insurance on Policybazaar’s platform from various insurance providers.

Yes, you can renew your four-wheeler third party insurance online through the insurer’s website or online insurance portals.

No, four-wheeler third party insurance only covers damages or injuries caused to third parties and their property. It does not cover damages to your vehicle.

Yes, as per the Motor Vehicles Act, 1988, having third party insurance is mandatory for all vehicles plying on public roads in India.

Yes, you can use a premium calculator provided by insurance companies or websites to get an estimated premium for four-wheeler third party insurance.

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