Third party Car insurance in Bangladesh is a common phenomenon for the car owners. In comprehensive insurance policy, 3rd party is not engaged in the agreement concerning the car owner and the insurance company. Insurance coverage confirms that the insurer will compensate losses incurred by the driver towards losses the driver may bear due to a claim by a third party. Basically If there is an occurrence relating to you, a different person if they were driving your car, third party car insurance will give you cover for any claim that may be made towards your insurance.
Third party or Act Liability Policy (What it Covers):
Death : Tk. 20,000
Grievous Injury : Tk. 10,000
Minor Injury : Tk. 5,000
Property Damage : Tk. 50,000
Not all the losses or damages are covered by the insurance policies. The following damages or losses are excluded from insurance policy.
Decline, wear and tear
Mechanical and electrical halt, disaster or fracture
When automobile is used outside the geographical area
Driven by a individual other than the driver stated in driver´s clause
War dangers, nuclear perils and drunken driving