Bharti AXA Third Party Car Insurance

Third-party insurance is compulsory for all vehicle owners in India as per the Motor Vehicles Act. It is a statutory policy, which covers the policyholder against the legal liability for injury/death of third party and damage to the third party property. However, it does not cover the injury/death of policyholders and damage incurred to vehicle. As per Section 145(g), ‘third party’ includes everyone from a person in any other vehicle to the one walking on the streets. Apart from general compensation, Bharti AXA third-party insurance plan also covers expenses incurred while availing lawyer’s aid. The claim amount depends on the damages caused to third-party, which can be 100% in case of death or total disability of the person.

To be more specific, policyholder is the first party, insurance company is second party and the injured person is third party. In case of claim settlement, generally, money is directly paid to the third party without involving policyholder.

Bharti AXA Third Party car insurance plan covers the following liabilities towards a the third party:

• The plan provides coverage for death/bodily injuries incurred by a third party due to any mishap involving the insured’s car. The amount of compensation in such cases is decided by a court of law.
• The plan also provides coverage for property damage incurred by a third party to an extent of Rs. 1 lakh.

What All Is Not Covered Under Bharti AXA Third Party Car Insurance Plan?

The third party insurance policy offers coverage for limited situations only. Below are a few points which are not covered under the third party car insurance plan:

• No optional personal accident cover is available
• No cover is given for damages incurred by the insured’s car
• No compensation provided for injuries suffered by policyholders.