Who are considered as Third Party?

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• In case of an accident, can the Insured advance payment to the Third Party and ask for reimbursement expense?

  Except in case of emergency medical expenses, this procedure should be avoided as it may lead to problems if the Insurer finds out that the Insured is not legally liable or that the amount settled is excessive.

• While driving my car, I accidentally hit somebody. How will my vehicle insurance policy respond?

  Expenses incurred by the third party due to death, disablement and medical are covered under Compulsory Third Party Liability (CTPL) and any excess in the CTPL benefits are covered under the Voluntary Third Party Liability -Bodily Injury (VTPL-BI).

• Can I get a refund on my deductible and/or depreciation?

  If liability for the accident is attributable to an identified third party, the insurer’s legal unit shall, upon settlement of the own damage claim, initiate recovery action against the erring third party or third party insurer. The insured’s ...

• What is No Fault Indemnity under CTPL?

  This is the maximum amount the insurance company is required to pay a third party injured or killed in an accident involving the insured vehicle without the necessity of proving fault or negligence on the part of the insured. The limit under this ...

• What if my vehicle causes damage to another person’s property? Do I have coverage for this?

  The coverage for Third Party Liability-Property Damage (VTPL-PD) provides you with protection in case your vehicle damages other people’s properties. This coverage is standard to all comprehensive vehicle insurance policies.