While renewing your car insurance may seem like a daunting task, it is simple and easy, now more than ever! As a matter of fact, renewing your third-party car insurance can take just a few minutes online, all without needing to leave your home.
The third-party insurance policy is a smart choice, but it is also required by law, under the Motor Vehicles Act, 1988, regardless of whether you’re driving a car or riding a two-wheeler. Let’s discover how to renew your insurance online, in a matter of minutes, and keep you protected on the road!
What is Third Party Car Insurance?
Third party insurance is the most basic type of motor insurance. It covers bodily injury, death or property damage to a third party in the event of a road accident, but it should be noted that it does not cover damages to your own vehicle or your own injuries. It is the minimum legal requirement for every vehicle owner in India (including cars and bikes).
How to Renew in Minutes?
Here’s a simple step-by-step guide to renew your third party car insurance :
Step 1: Go to the Website
Visit the insurer’s website and click on the “Renew Policy” in the motor insurance section.
Step 2: Provide Your Details
You need your car’s registration number or previous policy number to pull the details of your existing policy.
Step 3: Check Your Policy
The insurer will show you the details of your policy. Go through your policy and confirm that the information and everything is correct.
Step 5: Pay and Download
Once you are satisfied with your policy details, you can continue to pay. You can download and save it for your records.
What Happens If You Miss The Renewal Date?
If your policy expires and isn’t renewed within 90 days, you lose your No Claim Bonus (NCB). You’ll also be legally unprotected, which can lead to:
- Fines.
- Higher premiums in the future.
- Ineligibility for NCB discounts.
With that said, it is always advisable to add a renewal reminder or request multi-year third party coverage to avoid annual renewals every year. Moreover, insurers such as TATA AIG General Insurance Company Limited offer a 75% discount on policy rollover. So, choose insurers prudently so that your insurance endures for you to the fullest.
Benefits of Timely Renewing Your Third Party Insurance
Renewing your policy in time results in:
1. Legal Continuity and Compliance
You will remain compliant with the law under the Motor Vehicles Act if you renew on time, since third party insurance is required for all vehicles in India. The law is strict towards drivers who do not have their third party insurance up to date. You could receive a fine, penalty, or even get legally stuck in a wormhole.
2. Uninterrupted Third-Party Liability Coverage
On-time renewal ensures continuous protection against third-party liabilities, including compensation for injuries, deaths, and damages. Trusted insurers like TATA AIG General Insurance Company Limited offer convenient renewals and continued coverage, so you’re never unprotected.
3. Financial Protection
By renewing your policy on time, you ensure that you avoid any unexpected out-of-pocket expenses.
Documents Needed for Online Renewal
Renewing online requires minimal documentation. Keep the following handy:
- Previous policy number
- Vehicle registration certificate (RC)
- Your contact information (mobile/email)
- ID proof
- Residential proof
- Driving licence
- Pollution Under Control (PUC)
All documents are submitted online, and no physical copies are required unless specified.
How to Check If Your Policy is Renewed?
Once you complete the renewal process, the insurer will email the renewed policy instantly and allow you to check your policy status through the “Track Your Policy” option on the website. You can also view your policy in DigiLocker or the mParivahan app, which are legally valid digital records.
Third Party Car Insurance vs. Comprehensive Insurance
| Feature | Third Party Insurance | Comprehensive Insurance |
| Covers Third Party Liabilities | Yes | Yes |
| Covers Own Damage | No | Yes |
| Premium | Low | Higher |
| Legal Requirement | Mandatory | Optional |
| Add-On Options | Limited | Multiple |
| Ideal For | Older cars, budget buyers | New/High-value cars, full protection seekers |
If you’re only looking to meet the legal requirement affordably, third party car insurance or third party bike insurance is the best option.
Tips For Faster Renewals
- Use renewal reminders via email/SMS.
- Save your policy number in your phone for quick access.
- Choose multi-year plans to avoid annual renewals.
- Link your policy to your DigiLocker for quick downloads.
With multiple digital platforms available for assistance, renewing your third party insurance has never been easier. With most insurers offering easy online renewal options, you have the benefit of completing the entire process in just a few minutes.
Remember, timely renewal is crucial to avoid trouble and enjoy peace of mind. If you are looking for the right platform to renew your third party insurance today, consider platforms like TATA AIG General Insurance Company to enjoy upto 75% of discount on policy rollover.