Third Party – Three Wheeler Auto Insurance
Total Cover
100% Claim Settlement
No
Documentation
Reasonable
Premium
Total Cover
100% Claim Settlement
No
Documentation
Reasonable
Premium
Our Proud Partners - Beemawala
Client Testimonials
2 months ago
Great experience with Beemawala . The customer service was top-notch, and the process was smooth and efficient. Highly recommend them for their professionalism and helpfulness!
3 months ago
One of best Policy providers I came across. Highly recommended, superb customer experience, Soft spoken and solutions oriented costumer support . ⭐️⭐️⭐️⭐️⭐️
8 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.
6 months ago
Good service whenever we call to them they give positive response i have a claim they support and my claim got settled
6 months ago
Brilliant place for all types of insurance. Always connected with every claim settlement.. Hassle free.. Kudos to beemawala..
What is Three Wheeler Auto Third Insurance Policy ?
Third Party -Three Wheeler Auto Insurance Policy is a type of Three Wheeler Auto 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 Three Wheeler Auto. 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 taxi Insurance Policy ensures financial protection and compliance with legal requirements for Three Wheeler Auto owners in India.
⛦ Example Scenario: In the scenario where Ramesh’s Three Wheeler Auto met with an accident with a bike rider, and the bike rider got seriously injured, Third Party taxi 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 Three Wheeler Autoe 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 Three Wheeler Auto Insurance
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)
Provides compensation for the owner/driver in case of accidental death or permanent disability due to an accident involving the insured Three Wheeler Auto.
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
Covers the cost of repairing or replacing third-party property damaged by the insured vehicle.
Legal Expenses
Provides coverage for legal costs incurred in defending against legal claims related to the insured vehicle.
Additional Add-ons OF Coverages of Third Party Three Wheeler Auto Insurance
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 Three Wheeler Auto.
Liability Cover for Paid Driver
Offers coverage for legal liabilities arising from injuries or damages caused to a paid driver while operating the insured Three Wheeler Auto.
Personal Accident (PA) Cover for Passengers
Provides financial compensation in case of accidental injury or death to passengers traveling in the insured Three Wheeler Auto.
Factors Determining the Premium of Coverages of Third Party Three Wheeler Auto Insurance
Engine Capacity (CC)
The cubic capacity of the Three Wheeler Auto’s engine directly impacts the premium. Cars with higher engine capacity are generally associated with higher premiums.
Fuel Type
The type of fuel used in the Three Wheeler Auto, such as petrol, diesel, CNG, or electric, also affects the premium. Different fuel types may have different premium rates.
Vehicle Sitting Capacity
The Third party of the Vehicle is detemined by the no of person can sit in the Vehicle
Major Differences Between Own Damage (OD) Cover and Third-Party Cover In Three Wheeler Auto 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 Three Wheeler Auto’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 Three Wheeler Auto’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 Three Wheeler Auto’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 Three Wheeler Auto’s engine capacity. |
How to Settle Third Party - Three Wheeler Auto Insurance Policy Claims?
Inform 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 FIR
In case of injury or property damage, file an FIR with the police as it is a legal requirement.
Document Collection
Gather all relevant documents, including the claim form, copy of the policy, FIR, vehicle registration papers, and driving license.
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.
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
In case of legal disputes or third party claims against you, the insurance company may provide legal assistance.
Remember, Third Party – Three Wheeler Auto Insurance only covers liability towards third-party injuries and property damage, not own vehicle damage.
Exclusions of Third Party Three Wheeler Auto Insurance
Own Damage
Any damage to the insured’s own vehicle is not covered under this policy.
Intentional Acts
Any damage caused intentionally or due to fraudulent activities is not covered.
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
Damage caused by war, nuclear explosions, or related risks is excluded.
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
Claims arising from mechanical failures, wear and tear, or manufacturing defects are excluded.
Racing and Speeding
Any accident while racing or participating in speed tests is not covered.
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 Three Wheeler Auto Insurance
Claim Form
Duly filled and signed claim form provided by the insurance company.
Accident Details
Detailed information about the accident, including date, time, location, and cause.
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
Original vehicle registration certificate, insurance policy documents, and valid driving license of the insured.
Third-Party Details
Information about the third party involved in the accident, such as name, address, and contact details.
Witness Statements
Statements from witnesses, if available, to support the claim.
Medical Records
Medical records and bills, if there are injuries to the insured or third party.
Property Damage
Evidence of the extent of property damage caused by the insured’s vehicle.
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 - Three Wheeler Auto 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.
- Phone: +91-9654259715
- Email: services@beemawala.com
Frequently Asked Questions: Third Party - Three Wheeler Auto Insurance
Third Party Three Wheeler Auto Insurance is a mandatory coverage that provides financial protection against third-party liabilities arising from accidents involving auto rickshaws.
It is mandatory as per law to have Third Party Insurance for auto rickshaws in India, ensuring that third-party liabilities are covered.
This insurance covers the legal liabilities towards third parties in case of accidents involving your auto rickshaw, causing property damage, bodily injury, or death.
No, passenger injury is typically not covered under Third Party Three Wheeler Auto Insurance. Personal Accident Cover for passengers can be added separately.
Driving without valid Third Party Insurance is against the law and can lead to penalties, legal consequences, and financial liabilities.
In case of an accident, inform your insurer, file a police report, gather evidence, and follow the claim process specified by your insurer.
Yes, you can purchase and renew Third Party Three Wheeler Auto Insurance online through various insurance providers.
Yes, the insurance policy is transferable when you sell your auto rickshaw to a new owner.
While this insurance covers only third-party liabilities, you can add Personal Accident Cover for passengers or other relevant add-ons.
The policy is typically valid for one year and needs to be renewed annually.
Third Party Insurance for auto rickshaws is commonly offered for a full policy year. Short-term coverage might be limited.
Yes, many insurers offer online renewal options through their websites or through insurance aggregators.
While Third Party Insurance is mandatory, comprehensive insurance provides broader coverage, including damages to your own auto rickshaw.
Compare quotes from different insurers, consider coverage and premium, and select a policy that suits your needs and budget.
Yes, you can switch insurers during the policy renewal period if you find a better option.
No, Third Party Three Wheeler Auto Insurance typically doesn’t cover damages from natural disasters. Comprehensive Insurance might.
You can inquire with your insurer about options to add Passenger Liability cover to your policy.
Yes, you can usually transfer the policy to a new Passenger Carrying Vehicle, but check with your insurer for the exact procedure.
Driving without Third Party Three Wheeler Auto Insurance is illegal and could result in fines, penalties, and legal liabilities.
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