Motor third party insurance or third party liability cover, sometimes called ‘Act Only’ cover, is a statutory requirement under the Motor Vehicles Act. As the beneficiary of the policy is someone other than the two parties involved in the contract (the car owner and the insurance company), it is called ‘third party’ coverage. The policy does not provide any benefit to the insured. However, it covers the insured’s legal liability for third party loss death/disability or damage to third party property.
Third Party Insurance Scheme
Motor third party insurance or third party liability cover, sometimes called ‘Act Only’ cover, is a statutory requirement under the Motor Vehicles Act. As the beneficiary of the policy is someone other than the two parties involved in the contract (the car owner and the insurance company), it is called a ‘third party’ cover. The policy does not provide any benefit to the insured. However, it covers the insured’s legal liability for third party loss death/disability or damage to third party property.
To obtain insurance coverage related to Third Party Insurance,
Meet the District Offices of Agricultural and Agrarian Insurance Board / Representatives of Agricultural and Agrarian Insurance Board / Agricultural Research and Production Assistant Officers in your area.