Why 3rd party vehicle insurance is mandatory, but claiming the same is a daunting process.

[Rakhithinker367]

R

Rakhithinker367
PARTICIPANT
March 26, 2025 at 12:34 pm

I always wonder why this is the case in India. I understand that things take time, but waiting for resolution for years wouldn’t be ideal.

Share

[Quickguru4523]

Q

Quickguru4523
PARTICIPANT
March 26, 2025 at 12:48 pm

So that any damage to third party is covered it is known that insurance claims if paid easily and without trying to find fault by the insurance companies they will go bankrupt

Share

[Fiercemohit2619]

F

Fiercemohit2619
PARTICIPANT
March 26, 2025 at 12:51 pm

Indian insurance companies are joke. they reward prompters and ceos not anyone else. insurance is just pooled money, like chit funds regulated via corrupt ierda

Share

[Smartlion3132]

S

Smartlion3132
PARTICIPANT
March 26, 2025 at 12:58 pm

3rd party is mandatory not because insurance Co can pay the other vehicle, but rather the govt won’t have to pay thru its pockets when their is a fatal or disabling accident. In short it’s for human casualty.

Share

[Brightdude2761]

B

Brightdude2761
PARTICIPANT
March 26, 2025 at 1:16 pm

It’s just for forcing you & me to subsidise the insurance companies. Nothing less nothing more.

Share

[Karthikguru101]

K

Karthikguru101
PARTICIPANT
March 26, 2025 at 1:51 pm

It’s a top-up hafta collected by the government.

Share

[Author]

Posts