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:
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.
Quick and easy purchase: 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.
Financial assistance and legal coverage: 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.
Cost-effective insurance policy: 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.
Waives off unwanted penalty: 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:
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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