Third Party Bike Insurance

In most of the cases, accidents involve a third party. It can be stressful and very expensive to pay for the damages caused by your two-wheeler to other people's vehicles and property. Thus, third party two-wheeler insurance is mandatory by law under the Motors Vehicles Act, 1988 and is highly recommended.

You can save yourself time, money, and stress if you are covered by two-wheeler insurance third party. It is a kind of risk cover that pays for any legal liabilities arising due to an unfortunate event.

With a 2-wheeler insurance third party, you are covered against the damages to other people's vehicles and property. Plus, you are also covered for damages caused to your two-wheeler by uninsured drivers.

Features & Benefits

• • No Financial Obligation

  The third-party bike insurance covers your financial liability for the damages caused to a person, vehicle, or property by your insured two-wheeler. It can be a huge financial obligation to cover all these costs from your pocket.

• • Online Processing

  You can buy a third-party bike insurance online with a few documents. The processing is quick and hardly takes any time since it doesn’t cover your insured vehicle.

• • Affordable Option

  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.

• • Peace of Mind

  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.

The following things are covered under a comprehensive third-party two-wheeler insurance:

• Death or injuries to the third party: 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 the compensation for loss of income due to physical disabilities can be claimed.

• Third party property damage: 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.

• Death of owner or rider of insured two-wheeler: In case of an unfortunate event, the owner or the rider of insured two-wheeler dies due to an accident, their dependents will be compensated for the sudden loss of income.

• Permanent total disability of owner or rider of insured two-wheeler: In case of an unfortunate event, the owner or the rider of insured two-wheeler suffers a permanent total disability due to an accident, they will be compensated for the sudden loss of income.