The Motor vehicles Act in the country makes mandatory for all vehicle owners to have motor insurance to get their motor vehicles insured under a third party insurance though the comprehensive cover is more extensive to give you full benefit of your policy. So as per government mandate you need to have a third party cover.
The question is what is a third party motor insurance? A third party motor insurance also known as “act only “cover. Under a third party policy only damage to a third party is cover. In case of liability from damage in the form of death or property being damaged to a third party because of acts of the policy holder arises then the third party coverage comes in force.
Though third party motor insurance Plans is the cheapest form of motor insurance and fits well as the regulatory requirement but it actually you don’t have any value for the money that you pay for it, A insurance policy provided by any insurance company has in built third party cover.
Keeping in view of your requirement, in today’s world comprehensive policy is always advised. Comprehensive policies also come with features like Personal accident cover in built in them to give better benefit to the policy. Other than that there are features like cashless claims, road side assistance etc make the comprehensive motor insurance policy more valuable. There are many insurance providers today in the country which have very differentiated offers that suite specific needs of the policy holder so it is always advised to do a online comparison to buy so that you don’t end up paying for the wrong product/plan.