TATA AIG Liability Only Policy

What is the Plan all About?

Liability Only Policy from Tata AIG covers property damage to third parties. It also covers death or bodily injury to a third party. This policy can be taken for private car, two wheeler & commercial vehicles. This policy provides a comprehensive third party cover, so no need to worry about any third party financial liability.

Key Features

Cover towards death or bodily injury to third parties
Cover for property damage to third parties
Personal Accident Cover for Owner-Driver
Enjoy direct & quick settlement at network garages

What are the Plan Benefits?

Cover towards Third Party Liability

Insured is covered against third party liability arising out of the use of the vehicle in respect of death or bodily injury to occupants carried in a vehicle other than the insured’s vehicle. It also covers damage to property other than the property belonging to the insured.

Personal Accident Cover for Owner - Driver

In case of bodily injury/death caused to the owner cum driver of the vehicle, the compensation is payable depending on the nature of injury sustained.

For death and Loss of two limbs/sight of two eyes/one limb & sight of one eye is covered up to 100%, Loss of one limb or sight of one eye is covered up to 50% and Permanent total disablement from injuries other than the specified ones is covered up to 100%.

This compensation is payable, when the death/injury caused within six calendar months of accidental external and visible means. A maximum of the amount (as mentioned) under the policy schedule, is payable towards personal accident cover during any one period of insurance.

Additional Covers

Following are the additional cover/add-ons that can be opted upon payment of additional premium.

Personal Accident Cover: Personal accident cover to named/unnamed passengers, paid driver and cleaner is available, upto the limit as specified under the policy schedule.
Legal Liability to Employee/Paid Driver: Legal liability to employees of the insured and paid driver/conductor/cleaner who may be travelling or driving the insured vehicle, is payable.

Major Exclusions

Following are the conditions that are not covered under this policy:

Vehicle is used outside the geographical area
The vehicle being used otherwise than in accordance with the ‘Limitations as to Use’ specified
Any claim arising out of contractual liability
Loss /Damage outside India
Mechanical/Electrical breakdown
Consequential loss
Depreciation, wear and tear
Intoxicated driving
War/War like operations & Nuclear perils, etc.