Third Party Car Insurance

Exclusions: What is Not Covered Under the Car Insurance Policy

Standard exclusions of Third party motor insurance are -

• Own damages:  Third party motor insurance does not provide “Own Damage” cover. So, any damages sustained to your car or bike in an accident, due to theft, or from natural or man-made calamities will not be compensated for.
•  Substance Abuse:  If the vehicle has been in an accident due to the driver being intoxicated, the insurance policy will not be eligible to provide coverage for the damages.
•  No Driving License:  If the policyholder is driving their vehicle without a valid driving license, their claim for coverage will get rejected.
•  Outside geographical limit:  Third Party Motor Insurance Policy does not provide coverage for any damage or injuries that occurs outside the geographical limit as mentioned in policy wordings.
•  Unauthorized use of vehicle:  If the insured vehicle has been used for any purposes that are unauthorized (such as racing) coverage will not be honoured.
•  Unauthorized person driving the vehicle:  The coverage may not be paid if anyone else other than the registered owner driving the insured vehicle at the time of the accident.

Types of Motor Insurance Plans in India

Whether you are buying a car, bike or a commercial vehicle, the types of coverage under motor insurance are classified into two types:

• 1. Third Party Motor Insurance

• 2. Comprehensive Motor Insurance

 Let’s compare both motor insurance coverages-

Third party Motor Insurance Price list 2022

This is stipulated by the Insurance Regulatory and Development Authority of India (IRDAI), and it is directly proportional to your vehicle Engine Capacity / Battery Capacity / GVW. Let’s check the latest price of third party insurance as defined by IRDAI effective  1st June 2022.

1 – Provide Vehicle Details 
Visit our website and provide vehicle registration number in ‘motor insurance’ tab.  System will auto fetch all the details of your vehicle. Once prompted, fill in your name , contact number and other details as per KYC documents. 

2 – Cross-Check Details
Once you have completed filling up all the details, you need to cross-check the  details and coverage plan.  Once checked, make the payment through your preferred payment method. 

3 - Get Policy Document 
A soft copy of your third party motor insurance policy would be emailed to you immediately. You can take print  out or simply access it in your email anytime you wish to.

How to File a Third Party Insurance Claim?

Here is a quick look at the process of filing a third party motor insurance claim.

Step 1. File a First Information Report (FIR): You need to file a First Information Report (FIR) immediately at the local police station as soon as you  can. Without an FIR, your claim may not be processed. 

Step 2. Inform us(Insurance Company) : Get in touch with us immediately at 1800-103-5499 so that our customer support staff can guide you through the process of filing a claim.

What are the documentation required for filing a TP Insurance Claim?

We will guide you on the documents you require to make a claim, post which you need to arrange these in order. 

You will need to have 

• Filled claim form

• Copy of FIR

• Copy of Third party insurance policy

• Copy of your driving license

• Copy of your vehicle’s RC

• Any other situation-specific documents (such as photographic evidence).

Provided all your initial paperwork is in order, IFFCO Tokio team will assist you at every step so that your third party insurance claim gets processed smoothly.

Third-Party Claim: Key Pointers

• File an FIR and Inform IFFCO Tokio
  You should file an FIR at the local police station and inform us about the incident/accident immediately. If you do not follow these steps or take these actions, your third party insurance claim may get rejected.
  
  
• Collect and Submit Evidence
  Collect all possible evidences of the incident/accident and make sure to handover the copy of these evidences to IFFCO Tokio.

Mistakes to Avoid While Filing Third Party Insurance Claims

Avoid belowmentioned mistakes in order to ensure that your third-party motor insurance claims process gets settled smoothly. 

• Do not drive away from the scene of the accident

• Do not get into personal discussions and settlement with the third party

• Do not forget to file an FIR with the police

• Do not forget to keep your insurer informed every step of the way

• Do not miss out on taking photographic evidence

For any queries or detailed guidance,  get in touch with us at IFFCO Tokio.