Shriram Third Party Car Insurance
According to the Indian Motor Tariff, every car owner is compulsorily required to have at least a third party car insurance policy. The Shriram third party car insurance policy insures you against all the third party liabilities which may arise due to an unfortunate event like a road accident involving your car. The Shriram third party cover provides you compensation for all third party losses, be it injury or death of a third party or be it third party property damages.
Moreover, the third party liability cover is also the least option available for the car owners to fulfill the compulsion of having a policy cover. Shriram also provides compulsory personal accident cover for the policyholder as well as for the co-passengers.
Shriram Third Party Policy Vs Comprehensive Policy
Third Party Policy
Extent Of Cover
The Shriram third party car insurance policy covers injury/death of a third party caused by your car and offers compensation up to Rs 7.5 lakh for third party property damage.
The Shriram comprehensive car insurance policy covers damages caused to the insured vehicle as well as all the third party liabilities including Rs 7.5 lakh cover for third party property damage.
No add-ons are available with the third party liability only cover.
A wide array of add-ons such as Zero Depreciation, Invoice Cover are available with the comprehensive cover.
Third party cover is relatively cheap as it has limited coverage.
Comprehensive policy is relatively expensive owing to the wider coverage.
Shriram Third Party Car Insurance Policy Coverage
- Unlimited liability cover for the death of a third party.
- Limited/Unlimited cover for injuries caused to a third party as decided by a court of law..
- Compensation of up to Rs 7.5 lakh for third party property damage.
The following are not covered under Shriram Third Party Liability Only Policy
- Damages caused to the insured car in a road accident or any natural or man-made calamity.
- Bodily injury of the policyholder and other co-passengers.
Shriram Car Insurance User Reviews
Shriram Third Party Car Insurance FAQs
Can Shriram arrange its own representative in court during third party liability settlement?Yes, the company can arrange for representation at any inquest or inquiry in a case of the death of a third party.
Is it compulsory under the Motor Vehicles Act to have at least a third party only cover for a vehicle?Yes, it is a mandatory requirement for all car owners as per the Motor Vehicles Act.
What all does Shriram General Insurance Personal Accident covers?It offers coverage in the following events: Accidental Death Permanent Total Disability Permanent Partial Disability Temporary Total Disability Additional Benefit Transportation of Mortal Remains Children‘s Education Benefit