Magma Third Party Car Insurance

Compensating a third party after an unforeseen road mishap can prove to be an expensive expense. Also, the first offence of driving a car without a third party car insurance cover is punishable by a fine of Rs. 2,000 and/or imprisonment of up to 3 months. Thus, it is important for every car owner in India to have at least a third party car insurance policy. Magma HDI General Insurance offers third party car insurance cover which allows the policyholder to claim indemnification for expenses incurred in compensating a third party for life and property damage.

Magma HDI offers both 1 year as well as long-term third party car insurance policies.

Magma HDI Third Party Car Insurance Policy Vs Comprehensive Car Insurance Policy

A Magma HDI third party car insurance policy comes with the following coverage:

• Limited liability cover for bodily injuries incurred by a third party liabilities.
• Unlimited liability cover in case of death of a third party.
• Cover of up to Rs 7.5 lakh for third party property damage.

Magma HDI Third Party Cover does not provide coverage for the following:

• Loss or damages incurred by the insured vehicle due to an accident or any external factor.
• Bodily damage of the policyholder, if not opted for a personal accident cover