Motor Insurance Policy A or Third Party Policy or Act Only Policy or Liability Only Policy
Wednesday 28 November 2007
The Act Only or Liability Only insurance policy covers the vehicle owner's legal liability for any compensation to be paid arising from any accident caused by the use of the vehicle. It covers:
Death or bodily injury to a third party person - The liability is covered for an unlimited amount in respect of death or injury by the car insurance.
Damage to third party property - Damage to third party property is covered for up to Rs. 1 lakh for private vehicles, scooters, and motor cycles and Rs.7.5 lakh for commercial vehicles.