Every year, third-party motor insurance increases on April one. The Insurance regulator IRDAI (Insurance Regulatory and Development Authority of India) has decided to extend it from this year. The new rates for the financial year 2019-20 will come into effect from June 16. The IRDA has increased it by 21 percent. After this decision, the car's third-party insurance policy will have to pay a premium of up to 12.5% when they renew. However, it is only going to apply to people who fill premiums every year. For example, it will have no effect on those who seek insurance policies for more than one year. In addition, this premium will be given to those who have purchased their vehicles before September 1, 2018. This is because all the new vehicles purchased are then purchased with a third-party insurance policy over a year.

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For your information, it gives coverage to a policy that is not insured, but the third party that is affected by the accident. At times, when driving a motor vehicle, an accident shows the death or injury of the front, and you do not have enough money to treat it. The government has, in this situation, provided for this third-party insurance for a person who has been made legally compulsory for every motor vehicle. This will be compensated to the front side affected in the accident under third-party insurance. This is why every simple insurance company has to provide.

In India, when a vehicle is purchased, the vehicle dealer calculates the insurance coverage and adds to the price. This insurance coverage also accounts for third-party coverage. Third party coverage contains a small portion of total insurance. The premium of third party coverage is decided based on the recommendations of the Fee Advisory Committee constituted by the insurance regulator IrDA. However, compensation for the affected Party in this coverage is determined only in view of its income.

You will also have to get third-party insurance of your motor vehicle if your motor vehicle's last Depreation value (LDV) is still left zero. This compensates the third party for being affected by the accident.

A third-party claim against the owner of the motor vehicle may be the victim or his agent, the owner of the property that has been harmed, or the legal representative of the deceased.

Police complaint: In case of an accident, the registration number of the vehicle, license number of the driver and if there are any eyewitnesses, an FIR should be filed with the police along with their name and contact information.

Churches Tribunal: A case has to be filed in the Motor Accident claim tribunal in the area where the accident took place or where it is claimed to be under its jurisdiction.

The victim who suffers from the accident must prove that he is asking for compensation from him and the insurance company because of the negligence on the part of the owner of the vehicle.

Compensation of damages cannot be claimed more than once. For this reason, the victim should not expect the insurance company to compensate for any reduction in the compensation fixed by the court.

These documents must be: a copy of the FIR and original documents of expenses will have to be produced as evidence of the damage caused in the accident.

Cover Unmount: The limit of third-party cover is not disclosed in the event of injury or death by accident. The court gives the entire compensation insurance company only after deciding on the sums.

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