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Question: Which of the following types of insurances is mandatory?


  1.  Motor Own Damage
  2.  Motor Third Party Legal Liability
  3.  Personal Accident Insurance
  4.  Product Liability
  5.  Professional Liability

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2. Motor Third Party Legal Liability

'Motor Third Party Legal Liability' is a types of insurances which is mandatory.


Under the provisions of The Motor Vehicles Act, 1988, any motor vehicle operating on a public road must be protected by a third-party insurance. It only covers your legal liability for damages.

Under the law, this liability is unlimited in the event of a personal death, therefore, you are required to purchase a Motor Third Party Liability Policy (TP Policy).

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