Third party bike insurance is a mandatory policy that all bikers must posses while riding their twowheelers on indian roads. The new india assurance indias premier multinational. Two wheeler bike insurance how to apply third party insurance for bike tech raghav. Two wheeler insurance third party policy online bajaj. Two wheeler insurance buy or renew bike insurance online. On the other hand, a third party bike insurance only protects you against the damages arising due to injuries or death sustained by a third party due to your bike. Indian motor vehicle act, 1988, mandates to have valid third party insurance for anyone who owns a two wheeler, be it motorcycle or scooter, does not comply with the rule, might end up paying huge penalties. Know in details about the third party insurance for bike. Two wheeler insurance third party policy online bajaj allianz.
Under the third party insurance for bike, including vehicle theft, loss, and the option of buying the insurance for the buyer for 3 years or for 5 years is mandatory. If you fail to comply with the law, you shall be liable to face penalties. Buy third party insurance for bikes online multiyear 3rd. Third party bike insurance for twowheeler is a policy that provides insurance protection in case of liability arising out of accidental damage, injury or death to a third party. A third party bike insurance policy is a type of insurance plan which insures a bike owner against all kinds of third party liabilities which may arise due to an unfortunate event like a road accident or collision involving the insureds bike. Thirdparty only motorbike insurance moneysupermarket. A two wheeler third party insurance policy is designed to protect you against damages including death, bodily harm, injury or death, and damage to property to a third party due to an accident involving your twowheeler. Buy third party insurance for bikes online multiyear 3rd party. The insurance company bears the liabilities of the insured person. Two wheeler insurance buyrenew bike insurance policy online. The indian motor tariff 2002 mandates every bike owner to have at least a third party bike cover. Third party insurance will pay the bills for any damage your motorcycle causes in an accident or collision, including things like medical costs and repair or replacement bills for other peoples. The motor vehicles act makes it compulsory to do so. Buy twowheeler insurance online including third party insurance.
Click here to know more about third party liability two wheeler insurance. As per law, thirdparty insurance for bikes is mandatory in india. A thirdparty bike insurance is also known as liabilityonly insurance provides coverage against injuries arising from. Third party insurance for two wheeler reliance general insurance. As per the motor vehicles act, 1988, its mandatory for all vehicles plying on indian roads to have third party insurance. The thirdparty bike insurance covers your financial liability for the damages caused to a person, vehicle, or property by your insured twowheeler. This video is about, what is first, second and third parties insurance in motor insurance policy. Third party motorcycle insurance the 2020 guide finder.
What is first, second and third party insurance in a motor. Third party cover is the least inclusive type of policy, and in recent years it has become the most expensive. Avail bike insurance coverage up to 3 years against damage, theft and third party liability. Third party cover is the minimum legal requirement for all types of auto insurance, however it offers the least coverage and often isnt the cheapest available policy. Say no to yearly renewals and enjoy your ride hassle free in india. It is an insurance covering you against all the losses or damages caused to the third party. The third party insurance for bike does not defend against your crime on legal grounds. Use our bike insurance calculator for great prices. Third party insurance for bike is mandatory under the motor vehicles act. Fear not, the losses that you may have to pay for are covered by the third party liability insurance plan. Get third party insurance for your bike online with cheapest multiyear two wheeler insurance policy by hdfc ergo for up to three years.
Two wheeler bike insurance how to apply third party. Third party bike insurance policy online in india by chola ms. The new india assurance indias premier multinational general insurance company new india assurance operates both in india and foreign countries. Third party bike insurance buy two wheeler 3rd party. It is best to be insured by a third party insurance for two wheeler, which is now compulsory as per the motor vehicles act.
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