Magma Third Party Car Insurance
| CASHLESS GARAGES | 4,000 |
| CLAIMS SETTLED | 97.10% |
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Magma HDI 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
Basis | Third Party Policy | Comprehensive Cover |
Extent Of Cover | Magma third party car insurance cover allows the insured to get compensation for injury/death of a third party and up to Rs 7.5 lakh reimbursement for third party property damage. | Magma comprehensive car package policy provides coverage for own damages sustained by the insured’s vehicle in addition to third party liabilities. |
Availability Of Add-on Cover | No add-on covers are available with the third party/ liability only policy. | A range of add-on covers such as NCB Protection and Zero Depreciation are available with the comprehensive policy. |
Legal Requirement | It is the most basic cover available for car owners to fulfil the legal compulsion of having a policy cover for their car. | A comprehensive cover is not a compulsory requirement for car owners but it is advised to have this insurance cover. |
Magma HDI Third Party Car Insurance Coverage
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
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Magma HDI Third Party Car Insurance FAQs
What if someone attempted to suicide infront of my vehicle?
How much liability will I have to bear for compensating third party injuries?
What is the limit in indemnifying the number of third parties injured/died in an accident?
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Contact Details
Magma HDI General Insurance Contact Details
1800 266 3202(Toll-Free; 24*7)