ICICI Lombard Third Party Car Insurance

Buying a car brings in legal obligation to purchase at least a third-party coverage policy. The Motor Vehicles Act of 1988 makes it mandatory for every car owner to insure his/her car against third-party liabilities. In accordance with this, ICICI Lombard offers third-party liability coverage plans for its customers.

Although being a legal obligation, a third-party insurance cover saves you from chipping out a chunk of your savings in case of an accident. ICICI Lombard third-party insurance policy covers you from the expenses incurred on compensating the third-party. This includes reimbursement of expenses made while indemnifying third party injury/death as well as third-party property damage. Moreover, a third-party liability policy is also more affordable in comparison to the comprehensive one, thanks to the limited coverage.

ICICI Lombard Third Party Car Insurance vs Comprehensive Car Insurance

What All Is Covered Under ICICI Lombard Third Party Car Insurance Plan?

ICICI Lombard Third Party car insurance plan covers the following liabilities of the third party:

• Besides covering injury/death of a third party, this obligatory policy also covers any damage caused to a third-party property by your car upto INR 7.5 lakh.
• It gives you coverage against legal complications involved after an accident. Apart from financial compensation, the insurer also helps in dealing with legal norms.

What All Is Not Covered Under ICICI Lombard Third Party Car Insurance Plan?

When it comes to a third party insurance, it is a compulsory insurance product but offers limited insurance coverage, which every policyholder needs to be aware of. Here are a few crucial offerings which are excluded from the third party car insurance plan:

• No coverage for injuries suffered by the policyholder.
• Damages sustained by the insured car will not be covered.
• Optional personal accident cover is not provided with the third party plan.