Premium Price: Cheaper than a comprehensive car insurance policy, the premium price here is predetermined by the IRDAI based ...
What should I go for?: If you are currently driving a very old car, or you rarely drive then maybe having a basic third-party insurance ...
Advantages: It protects you in case you accidentally hurt somebody on the road, or damage one’s vehicle/property. This way, you ...
Which is best third party or comprehensive?
Third Party Car Insurance VS Comprehensive Cover. Insurance companies in India offer two types of policies - comprehensive and third-party. While the third-party cover is cheaper and covers only third-party damages, the comprehensive cover offers wider coverage and is hence, slightly expensive.
Which type of insurance is best for car?
Comprehensive Car Insurance Policy\n\n This type of insurance policy provides complete protection. It covers both third-party liabilities as well as damages to your vehicle. Also, with a comprehensive cover, you can get compensation if the accident results in your death; the family members will receive the benefit.
What is difference between comprehensive and third party?
The main difference between third-party and comprehensive insurance is the kind of coverage it offers. While a Third-Party insurance only covers you against third-party damages and losses, a comprehensive car insurance will cover for your own damages as well.
Which insurance is best first party or third party?
In case of damages or accidents, you would definitely want insurance cover for your vehicle. As first party insurance covers damages to both the vehicle and its owner, it is the ideal type of policy to opt for. However, do check that it is not a stand-alone Own damages cover - which is not comprehensive.