MTPL

MTPL – Motor Third Party Liability Insurance. Objective of the MTPL is to protect the interests of third parties, who have suffered damage in the result of a traffic accident, if an insured event has occurred.

MTPL is mandatory for all vehicles participating in road traffic. It guarantees that in the case of occurrence of a traffic accident the damage caused to the aggrieved party shall be covered by the insurer of the guilty party within the limits of the MTPL liability.

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