IFFCO Tokio Third Party Car Insurance

Having at least a third party policy cover is mandatory for every car owner in India under the Motor Vehicles Act. The third-party car insurance policy offered by IFFCO Tokio covers the policyholder against expenses arising out of damage incurred to a third party. This majorly includes coverage in 3 cases. It reimburses the policyholder for the damages caused to any third party vehicle and injuries caused to people involved in an accident.

The fact that repair costs are considerably high these days makes the third-party insurance cover highly important. Besides fulfilling your compulsion to have a policy cover for the car, it also saves you from the hefty expenses which might occur after an accident. Having understood its importance, let us learn how a third party cover is different from a comprehensive motor insurance policy.

Third-Party vs Comprehensive

A third-party car insurance policy offered by IFFCO Tokio covers the following:

• Compensation for the injury or death to pedestrians, fare-paying passengers and non-fare-paying passengers.
• Compensation up to Rs 7.5 lakh for damages caused to a third-party property because of the policyholder’s car.
• Unlimited liability cover in case of death of a third party. The amount of compensation is decided by a court of law.

What All Is Not Covered Under IFFCO Tokio Third Party Policy?

• Damages caused to the insured car.
• Injury of the policyholder.
• Optional personal accident cover of the policyholder.