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Motor third party (MTP) insurance is mandatory liability insurance. All motor vehicles participating in road traffic and subject to registration in traffic register must have valid MTPL insurance.

Based on the motor third party liability insurance, the insurer will indemnify the traffic losses, created by the person who caused the traffic accident, to the victim.

Thus, MTPL insurance gives the road user assurance that the damage he/she creates will be indemnified and that the person who caused the damage must not indemnify it himself/herself. On the other hand, mandatory MTPL insurance gives the victim confidence that the losses caused to him/her will be indemnified.

MTPL insurance works in accordance with the Motor Third Party Liability Insurance Act. Get covered with Excel Insurance Company.

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