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Key Features:
  • Covers Third Party Person
  • Covers Third Party Property

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Magma HDI Third Party Car Insurance

Compensating a third party after an unforeseen road mishap can prove to be an expensive expense. Also, the first offence of driving a car without a third party car insurance cover is punishable by a fine of Rs. 2,000 and/or imprisonment of up to 3 months. Thus, it is important for every car owner in India to have at least a third party car insurance policy. Magma HDI General Insurance offers third party car insurance cover which allows the policyholder to claim indemnification for expenses incurred in compensating a third party for life and property damage.

Magma HDI offers both 1 year as well as long-term third party car insurance policies.

Magma HDI Third Party Car Insurance Policy Vs Comprehensive Car Insurance Policy


Third Party Policy

Comprehensive Cover

Extent Of Cover

Magma third party car insurance cover allows the insured to get compensation for injury/death of a third party and up to Rs 7.5 lakh reimbursement for third party property damage.

Magma comprehensive car package policy provides coverage for own damages sustained by the insured’s vehicle in addition to third party liabilities.

Availability Of Add-on Cover

No add-on covers are available with the third party/ liability only policy.

A range of add-on covers such as NCB Protection and Zero Depreciation are available with the comprehensive policy.

Legal Requirement

It is the most basic cover available for car owners to fulfil the legal compulsion of having a policy cover for their car.

A comprehensive cover is not a compulsory requirement for car owners but it is advised to have this insurance cover.

Magma HDI Third Party Car Insurance Coverage

A Magma HDI third party car insurance policy comes with the following coverage:

  • Limited liability cover for bodily injuries incurred by a third party liabilities.
  • Unlimited liability cover in case of death of a third party.
  • Cover of up to Rs 7.5 lakh for third party property damage.

Magma HDI Third Party Cover does not provide coverage for the following:

  • Loss or damages incurred by the insured vehicle due to an accident or any external factor.
  • Bodily damage of the policyholder, if not opted for a personal accident cover

Must Read Articles before buying Magma Car Insurance

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Insurance Products by Magma General Insurance

Magma HDI Third Party Car Insurance FAQs

  • What if someone attempted to suicide infront of my vehicle?

    If a third party dies or suffers injuries in attempting suicide in front of the insured’s car, the insurance company is not liable to pay any compensation. Moreover, an attempted suicide, if proved in the court of law, does not fall as a liability on the policyholder also.
  • How much liability will I have to bear for compensating third party injuries?

    The exact compensation amount is decided by a court of law. However, your part of liability depends on the nature of injury incurred by the third party. In the case of loss of one limb or sight of one eye, you have to bear 50% of the total compensation amount, whereas, in case of loss of 2 limbs/2 eye-sight or permanent disability, the entire amount is paid by the insurer.
  • What is the limit in indemnifying the number of third parties injured/died in an accident?

    The number of persons (third parties), for which the company will pay compensation, depends on the premium paid and is mentioned in the policy document.
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