New India Assurance Long-Term Third-Party Car Insurance

The New India Assurance Three Years Long Term Stand Alone Motor Third Party Insurance Policy for Private Cars provides third-party liability protection for the specified policy period. It covers the insured owner’s legal liability for covered third-party bodily injury or death and third-party property damage, subject to applicable law, policy wording and limits. This is a liability-only policy: damage to the insured car caused by an accident, theft, fire or other own-damage event is not covered under this policy. Premium depends on the applicable third-party rate and vehicle category. Owners who need protection for their own vehicle must arrange a suitable own-damage policy separately.

This policy may suit eligible owners of new private cars who want to meet the mandatory third-party insurance requirement for a longer period. Its main advantage is the three-year liability term, which can reduce the need for annual third-party renewal during that period. However, it does not protect the insured car against its own accidental damage or theft. Before buying, confirm the policy dates, vehicle details, third-party property-damage limit and whether a separate own-damage policy is required for the protection you want.