Policy snapshot
A basic and mandatory policy that covers financial liability arising due to damage, injury, or death caused to a third party by the insured vehicle.
What is Third-Party Liability Motor Insurance?
Third-party liability insurance is the minimum legal requirement for vehicle owners. It protects against liabilities incurred due to harm or damages caused to others.
What can it cover?
- Injury or death of third-party persons, damage to third-party vehicles/property.
Who should consider it?
- All vehicle owners, as per law.
Key features to understand
- Legally mandated in most regions; Provides third-party property and injury coverage; Low premium cost; Does not cover own vehicle damage.
What deserves attention before you buy?
Coverage, exclusions, sub-limits, deductibles, waiting periods, warranties and underwriting can vary between insurers and policy versions. The policy wording and schedule remain the definitive contract. Novo can help you review the relevant terms for your requirement.
Read the wording, not just the brochure
The schedule and policy wording determine the actual contract.
Compare meaningful differences
Look at exclusions, limits, deductibles, conditions and claim requirements—not premium alone.
Think beyond purchase
Servicing and claims-related support can matter as much as placement.