Bike insurance starting from Rs.482/year*
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*TP price for less than 75cc two wheeler. All savings/offers are provided by the Insurers which are subject to modification. Terms and conditions apply

Icici Lombard Third Party Bike Insurance

ICICI Lombard Bike Insurance

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  • 265+ Branches across the nation
  • 910+ Virtual offices nationwide
  • Claim Settlement Ratio 87.65% for FY 2017-18
  • Add-on covers to protect electronic and non-electronic gadgets

ICICI Lombard Third Party Bike Insurance

A third party bike insurance covers the financial and legal liabilities incurred by the policyholder towards a third party due to a mishap/accident involving the insured’s bike. As per the Indian Motor Tariff, every bike owner is mandatorily required to have at least a third party insurance policy. For a new bike, the owner must purchase a third party insurance for at least 5 years. ICICI Lombard General Insurance offers third party insurance at affordable rates.

ICICI Lombard Third Party Bike Insurance vs Comprehensive bike Insurance

Basis

Third Party bike

insurance

Comprehensive bike

insurance

Coverage

It provides coverage for third party/legal liabilities only.

It covers damage incurred by a third party as well as the insured’s bike.

Nature of Requirement

It is mandatory by law to have a third party insurance for any bike. A new bike must have a third party insurance policy for 5 years.

Purchasing or not purchasing a comprehensive insurance policy depends on the owner’s preference.

Add-ons Availability

No add-ons are available with

a third party bike insurance.

You can avail a variety of add-on covers along with a comprehensive insurance policy.

Cost

The premiums for third party insurance are generally economical and affordable.

A comprehensive policy is generally expensive due to its extensive coverage.

What coverage does ICICI Lombard Third Party Bike Insurance Policy provide?

ICICI Lombard Third Party bike insurance plan covers the following liabilities of the third party.

  • Third party property damage: This plan provides compensation for property damage incurred by a third party due to a mishap/accident involving the insured’s bike. In case of third party property damage, the compensation is limited to Rs. 1 lakh.
  • Bodily Injuries/Death of third party: The insurer compensates for the third party injury or loss of life in the accident. However, the compensation amount in case of loss of life or disability is settled by the insurer as per the decision of the court of law.

ICICI Lombard Bike Insurance User Reviews

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What users are saying
  • All
  • Most Helpful
  • Great support

    Easy method to insure your vehicle. All the insurance companies are available here is a good thing. I could ea...

    Read More
    J
    By JAGTAP DAMODAR DAGA
    On: September 15, 2020
  • Active customer care team

    The customer support team of InsuranceDekho is brilliantly active. They never let me experience any insurance-...

    Read More
    A
    By Akhil Garg
    On: August 10, 2020
  • Easy to compare and choose

    With InsuranceDekho, I could compare different bike insurance policy quotes and select the one as per my budge...

    Read More
    R
    By Rahul Joshi
    On: August 6, 2020
  • Easy payment choices

    I could easily renew my ICICI Lombard bike insurance policy that I bought for my TVS Jupiter scooty at the Ins...

    Read More
    H
    By Hemant Srivastava
    On: August 5, 2020
  • Renewal in just 2 steps

    With the InsuranceDekho platform, I was able to renew my ICICI Lombard insurance policy for my TVS Star City P...

    Read More
    J
    By Jeetendra Kumar
    On: August 4, 2020
  • Will recommend my friends too ...

    I really liked my ICICI Lombard car insurance policy that I bought for my Skoda Rapid car last month. The team...

    Read More
    K
    By Keshav Makhija
    On: August 4, 2020
  • Easy payment methods

    I bought ICICI Lombard insurance for my Hero Maestro Edge 125 bike through advanced and secured payment method...

    Read More
    M
    By Manav Gujral
    On: July 30, 2020
  • Helped me get the best plan

    The InsuranceDekho helped me choose the most-suited insurance policy by offering several bike insurance quotes...

    Read More
    H
    By Harish K Gautam
    On: July 29, 2020
  • Incredible customer care

    The customer care team of InsuranceDekho portal is awesome. It consists of highly professional and qualified ...

    Read More
    H
    By Harsh Nigam
    On: July 28, 2020
  • Smooth process to buy policy o...

    InsuranceDekho has an easy, transparent, and quick process of buying bike insurance online. I recently purchas...

    Read More
    S
    By Sahil Jain
    On: July 27, 2020
  • Great support

    Easy method to insure your vehicle. All the insurance companies are available here is a good thing. I could ea...

    Read More
    J
    By JAGTAP DAMODAR DAGA
    On: September 15, 2020
  • Active customer care team

    The customer support team of InsuranceDekho is brilliantly active. They never let me experience any insurance-...

    Read More
    A
    By Akhil Garg
    On: August 10, 2020
  • Easy to compare and choose

    With InsuranceDekho, I could compare different bike insurance policy quotes and select the one as per my budge...

    Read More
    R
    By Rahul Joshi
    On: August 6, 2020
  • Easy payment choices

    I could easily renew my ICICI Lombard bike insurance policy that I bought for my TVS Jupiter scooty at the Ins...

    Read More
    H
    By Hemant Srivastava
    On: August 5, 2020
  • Renewal in just 2 steps

    With the InsuranceDekho platform, I was able to renew my ICICI Lombard insurance policy for my TVS Star City P...

    Read More
    J
    By Jeetendra Kumar
    On: August 4, 2020
  • Will recommend my friends too ...

    I really liked my ICICI Lombard car insurance policy that I bought for my Skoda Rapid car last month. The team...

    Read More
    K
    By Keshav Makhija
    On: August 4, 2020
  • Easy payment methods

    I bought ICICI Lombard insurance for my Hero Maestro Edge 125 bike through advanced and secured payment method...

    Read More
    M
    By Manav Gujral
    On: July 30, 2020
  • Helped me get the best plan

    The InsuranceDekho helped me choose the most-suited insurance policy by offering several bike insurance quotes...

    Read More
    H
    By Harish K Gautam
    On: July 29, 2020
  • Incredible customer care

    The customer care team of InsuranceDekho portal is awesome. It consists of highly professional and qualified ...

    Read More
    H
    By Harsh Nigam
    On: July 28, 2020
  • Smooth process to buy policy o...

    InsuranceDekho has an easy, transparent, and quick process of buying bike insurance online. I recently purchas...

    Read More
    S
    By Sahil Jain
    On: July 27, 2020

769 Icici Lombard Cashless Garages in India

ICICI Lombard Third Party Bike Insurance FAQs

  • Why do I need a third party insurance?

    Third party insurance is mandatory as per Indian Motor Tariff for every bike owner. A third party insurance keeps you insured against the financial and legal liabilities which may arise towards a third party due to a mishap involving your bike.

  • What assistance do I get in case of death of the third party in an accident?

    In case of loss of life in an accident, the insurer compensates the third party on behalf of the policyholder. The compensation amount in such cases is decided by a court of law.

  • How can I contact the insurer after an accident to avail the third party bike insurance?

    You can contact ICICI Lombard General Insurance at their toll-free number which is 1800 2666 or visit the nearest branch/website of the insurer. It is necessary to contact the insurer immediately after the accident to raise and register a claim.

  • What is the tenure of a third party bike insurance?

    The tenure for a third party bike insurance ranges from 1 year to 5 years. However, every new bike must have a third party bike insurance for 5 years.

  • What are the limitations of ICICI Lombard third party bike insurance?

    ICICI Lombard third party insurance has the following limitations.

    • It does not provide coverage if the insured’s bike gets stolen.
    • It fails to provide coverage for own-damages incurred by the insured’s bike.
    • No coverage is provided in case of an accident beyond the assigned geographical extent.

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ICICI Lombard Bike Insurance Contact Details

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#Applicable on non-inspection cases i.e. existing policy has not expired or when buying a policy for a new vehicle.