ICICI Lombard
Motor Private Car
₹13,100/yr · IDV ₹8.1L
- Claim ratio
- 95.6%
- IDV
- ₹8.1L
- Max NCB
- 20%
- Zero-depreciation (2 claims/yr)
- Engine + hydrostatic lock
- 24×7 roadside assistance
Third-party only
The legal minimum, honestly.
Third-party cover is IRDAI-mandated — it pays for damage to other vehicles, people and property. It does not cover your own vehicle. Cheapest option, but not recommended for vehicles you’d struggle to replace.
IRDAI
Mandated minimum
Statutory
Liability cap
0%
Own damage cover
Top picks
Top third-party only plans.
Three standouts for a 2016 hatchback · IDV ₹2.8L · Bengaluru.
Best value
HDFC ERGO
Motor Secure
₹14,800/yr · IDV ₹8.3L
- Claim ratio
- 93.1%
- IDV
- ₹8.3L
- Max NCB
- 25%
- Return to invoice
- Consumables cover
- Key replacement included
Bajaj Allianz
Drive Assure Plus
₹15,640/yr · IDV ₹8.4L
- Claim ratio
- 94.2%
- IDV
- ₹8.4L
- Max NCB
- 30%
- Pay-as-you-drive discount
- NCB protection
- Tyre + rim damage
Common questions.
Why is TP-only insurance illegal alone for new vehicles?
It isn't — TP cover satisfies Motor Vehicles Act §146. But for vehicles < 3 years old (cars) or < 5 years (bikes), insurers only sell bundled OD+TP per IRDAI Bundled Policy Reg. 2018. Standalone TP is for older vehicles.
What is IDV and why does it matter?
Insured Declared Value is the current market value of your vehicle — the max we pay out on total loss/theft. A higher IDV = slightly higher premium, but much larger cheque if things go wrong.
Zero-depreciation — is it worth it?
For cars < 5 years old, yes. Insurers normally deduct 30–50% depreciation on parts at claim time; zero-dep waives that. Pays for itself in one medium-sized claim.
Can I transfer my NCB to a new car?
Yes. No-claim bonus is tied to you, not the car — carry it on portability or when you switch insurers. Just ask for the NCB certificate.
What does third-party-only cover?
Legal liability only — damage to another vehicle, person or property. Nothing for your own car. Cheaper but insufficient if your vehicle is worth protecting.
Sub-products
Other shapes of motor cover.
Going beyond third-party? Comprehensive adds own-damage, zero-dep and many more protections.
Most bought
Comprehensive car
Own damage + third-party, with zero-dep + engine protect.
Cars under 5 years old
from ₹2,094/yr
Comprehensive bike
Own damage + third-party cover for two-wheelers.
Most two-wheeler owners
from ₹842/yr
You’re here
Third-party only
Legally mandated cover for other vehicles + people.
Older vehicles · budget option
from ₹2,094/yr
Commercial vehicle
Taxi, truck, delivery van — goods + passenger cover.
Business + fleet owners
from ₹6,840/yr
EV insurance
Battery + charger cover, extra for towing incidents.
Electric car + bike owners
from ₹2,380/yr
Stay road-legal, cheaply.
60 seconds, all 14 insurers, statutory cover locked in. No spam calls.
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