What is the difference between a third-party lability insurance and a comprehensive car insurance policy?

Comprehensive car insurance will cover all the damages done to your car as well as the third-party damages. Whereas, third-party liability insurance will only cover damages done to the third-party, and not your vehicle.

Even though it is only mandatory to have third-party insurance for a vehicle, most policyholders choose to go for comprehensive car insurance policies since these policies offer much more coverage as compared to the basic third-party insurance plans.