Third-party two-wheeler insurance is an instant and simple way to protect yourself against any third-party liabilities resulting from an accident or mishap. Buying online Third-party bike insurance is an effortless process requiring minimum documents. Third-party bike insurance will save your time and money, protecting you from stress in case of any unfortunate event.
Here are some of the key features and benefits of a third-party bike insurance policy:
The third-party bike insurance covers your financial liability for the damages caused to a person, vehicle, or property by your insured two-wheeler. As it can be a huge financial obligation to cover all these costs from your pocket.
You can buy third-party bike insurance online with minimum documents. The processing is quick and easy.
Usually, the two-wheeler third-party insurance is the cheapest compared to other insurance covers and add-ons. Thus, you get a higher risk cover by paying a small premium amount.
Two-wheeler third-party insurance premium is pocket friendly. Thus, you get a higher risk cover by just paying a small premium amount.
Take a quick glance at the difference between comprehensive and third-party two-wheeler insurance policies.
|Comprehensive insurance||Third-party insurance|
|Covers own damage and third party, damages or losses incurred during a theft, natural or man-made disaster||Covers only third-party liabilities, damages or losses caused to the third party|
|Get add-on covers of zero depreciation, engine protection, return of invoice, roadside assistance, consumable etc.||Get an add-on cover for personal accident|
|Premium depends on the number of coverages chosen and can be higher||Premium is low, as the coverage is limited|
The following things are covered under comprehensive third-party two-wheeler insurance:
In case of an unfortunate event, if anyone is injured or dead after meeting an accident with your insured two-wheeler, third-party two-wheeler insurance can be used. The medical expenses or loss of income due to disability or death can be claimed with this insurance. Even compensation for loss of income due to physical disabilities can be claimed.
If your two-wheeler damages a third-party property, expenses can be paid using third-party bike insurance. As per IRDA, up to Rs. 1 lakh third-party property damages should be covered under the third-party two-wheeler insurance.
In case of an unfortunate event, the owner or the rider of the insured two-wheeler dies due to an accident, their dependents will be compensated for the sudden loss of income.
In case of an unfortunate event, the owner or the rider of the insured two-wheeler suffers a permanent total disability due to an accident, they will be compensated for the sudden loss of income.
Here are the exclusions under third-party two-wheeler insurance:
• Any damage or loss caused to two-wheelers due to speeding.
• Loss or damage caused due to irresponsible behaviour like losing keys or driving under the influence of alcohol or drugs.
• Any damage or loss caused to two-wheelers or a third-party liability arising outside the stated geographical area.
• Loss or damage caused to two-wheelers by an unauthorized rider or an underage rider.
• Mechanical or electrical failure.
• If the two-wheeler is used for other than stated purposes. Like using the two-wheeler for commercial purposes without informing the insurer.
• Loss, damage, liability arising due to war, invasion, terrorist attacks, riots or nuclear weapons.
Lengthy and tedious policy processes are a thing of the past. Now get your preferred insurance online with minimum documentation by visiting the Bajaj Finance website.
Along with protecting you in case of injury/death or property damage of a third party, third-party bike insurance also provides cover for any legal and financial hassles arising as a result of third-party injury or damage.
Third-Party Bike insurance provides maximum benefit at minimum cost. All third-party insurance premiums are regulated by IRDAI, making the premium rates attractive and affordable.
The Motor Vehicle Act specifies that every two-wheeler must be insured upon purchase. The minimum requirement is third-party insurance. It saves you from penalty.
Here are the steps to purchase the third-party bike insurance online:
Step 1 - Click the ‘Apply Now’ button at the top
Step 2 - Fill in the online application form with your personal and click on the ‘Submit’ button
Step 3 - Make the fee payment online
Step 4 - If required opt for a call back from our representatives or complete the process by clicking on 'Buy Now'
Here’s how you can raise a third-party insurance claim.1. Click a photo of where the incident took place and note down the details of the incidents
Third-party two-wheeler Insurance is the simplest way to safeguard against any liabilities arising from third party involvement. In the event of an accident involving the policyholder's two-wheeler and a third party, all damages to the third party are covered by the insurance policy. Third-party bike insurance or third-party two-wheeler insurance cover is easy to obtain and affordable.Inclusions of Third-party Bike Insurance • Cover for injury or death of third party (Compensation amount decided by the court of law) • Cover for Property damage of third party (Maximum compensation of 1 lakh is offered) • Cover for Legal process due to injury or property damage of the third party • Cover for Expenses arising from injury or property damage of the third party • Cover for damage from an uninsured third party to policyholder's vehicle
The zero-depreciation add on cover is available only in the Comprehensive Third-party Bike Insurance Policy.
The claim process of third-party insurance for bikes is simple and easy. Here are the claim procedures for both policyholder and third person:1. Take clear pictures of the damages sustained after the accident.
Here are the documents and details required for buying third-party bike insurance online:Vehicle Details:
Third-party bike insurance has only personal accident cover as an add on.
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