What Is TP Premium In Car Insurance?

TP premium in car insurance refers to the premium amount charged for Third-Party Liability (TP) coverage. Third-party liability insurance is a mandatory requirement under the Motor Vehicles Act in India, and it covers damages caused to third-party property or individuals in case of an accident involving the insured vehicle. The premium for TP coverage is fixed by the (IRDAI) and varies based on the cubic capacity of the vehicle's engine. TP premium is relatively lower than comprehensive car insurance policies, which provide coverage for damages caused to the insured vehicle and its occupants, in addition to third-party liability coverage.

What is Tyre Protector In Car Insurance?

Tyre protector is an add-on cover that can be included in a car insurance policy to provide protection against damages to the car's tyres. This add-on covers the cost of repairs or replacement of the tyres due to punctures, cuts, or any other damages caused by accidental impacts on the road. Tyre protector add-on is particularly beneficial for those who drive long distances or in areas with poor road conditions, where the chances of tyre damage are higher. However, it is important to note that this add-on may come with a higher premium compared to a standard car insurance policy, and it is essential to read the terms and conditions carefully before purchasing this add-on.

What is TP in Car Insurance?

TP in car insurance is the Third party insurance which covers the loss or damage to the third parties caused due to an insured vehicle. Third party insurance is also known as Liability only insurance or Act only insurance. TP in car insurance is compulsory as per the Motor vehicles act without which the customer would be fined up to Rs.5000 or 3 months or both. For Third party car insurance quotes please visit our portal

What is TP in Insurance?

Third party insurance is a compulsory motor insurance policy to be taken by the motor vehicle owner/driver before driving the vehicle in public places. Third party insurance covers the bodily injury or third party property damage caused due to the involvement of the insured vehicle. Third party motor insurance is mandatory as per the Motor vehicles Act without which the owner/driver of the vehicle would be punished with up to Rs.5000 fine or up to 3 months of imprisonment or both.

How Much is the Insurance Amount of Car in Tamil Nadu?

The insurance amount for a car in Tamil Nadu varies based on factors such as the car's make and model, location, and type of coverage. The annual premium can range from Rs. 2,200* to 8000*, depending on individual circumstances and coverage choices.

How Much is the Insurance Amount of Car in Karnataka?

The insurance amount for a car in Karnataka varies based on factors such as the car's make and model, location, and type of coverage. The annual premium can range from Rs 3,000* to 9000*, depending on individual circumstances and coverage choices.

How Much is the Insurance Amount of Car in Telangana?

The insurance amount for a car in Telangana, like in other Indian states, varies based on factors such as the car's make and model, location, and type of coverage. The annual premium can range from Rs. 2,400* to 5,500*, depending on individual circumstances and coverage choices.

How Much is the Insurance Amount of Car in Maharashtra?

The insurance amount for a car in Maharashtra, like in other Indian states, varies based on factors such as the car's make and model, location, and type of coverage. The annual premium can range from Rs. 2,500* to 8000*, depending on individual circumstances and coverage choices.

How Much is the Insurance Amount of Car in Kerala?

The insurance amount for a car in Kerala, like in other Indian states, varies based on factors such as the car's make and model, location, and type of coverage. The annual premium can range from Rs. 2,000* to 5000*, depending on individual circumstances and coverage choices.

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