Navi Third Party Bike Insurance

A third party bike insurance plan is designed to cover the legal and financial liabilities incurred by the policyholder towards a third party due to a mishap or an accident with the involvement of the insured’s bike. As per the Indian Motor Tariff, every bike owner should at least own a third party insurance policy while driving in the country. For a new bike, the owner must buy a third party insurance for at least 5 years. Navi General Insurance offers third party insurance at affordable rates which can easily be purchased online.

Navi Third Party Bike Insurance vs Comprehensive Bike Insurance

The Navi third party bike insurance policy provides coverage for the following:

1. Financial Liabilities of Third Party Property Damage: A third party insurance policy provides coverage for any kind of property damages of the third party that may occur during an accident involving the insured two-wheeler. Compensation for the same shall be provided for up to Rs. 1 Lakh. Under such circumstances, the compensation amount shall be decided by the court.

2. Bodily Injuries/Demise of the Third Party: Under a third party insurance policy compensation is provided for bodily injuries, disability caused by the injury or demise of the third party during an accident involving the insured two-wheeler. However, the compensation amount is decided by the court of law.

3. Legal Assistance: Third-party insurance policy help the policyholder by providing legal assistance to the policyholder in case of third party liabilities such as bodily injuries, property damage or demise of the third party during an accident involving the insured two-wheeler.

What Is Not Covered Under Navi Third-Party Bike Insurance Plan?

A third insurance policy provides limited coverage but there are certain situations and aspects that are not covered under a third party insurance policy. Below mentioned are some instances which are not cover a third party insurance policy:

• Own-damages to the insured two-wheeler during an unforeseen event.
• Damage to the insured two-wheeler while driving without a valid license.
• Damages to the insured two-wheeler while driving under the influence of drugs, alcohol or any other intoxicants.

Key Benefits of Purchasing Navi Third-Party Bike Insurance

For a person who owns/drives a two-wheeler in India, a third party insurance policy is compulsory while driving a two-wheeler. Though this type of insurance policy provides basic coverage but can be very beneficial in times of crisis. Following are some benefits of purchasing a Navi Third Party insurance policy:

1. Affordable: A third party insurance policy provides the most basic type of insurance policy for a two-wheeler. As this type of insurance policy provides limited coverage, premiums for a third party insurance policy are inexpensive as compared to other two-wheeler insurance policies. Third party insurance policy is very affordable.

2. Legal and Financial Assistance: A two-wheeler third party insurance policy offers protection against the financial and legal liabilities that the policyholder may have to face in case of property or personal damage, bodily injury of any kind to the third party. A third party insurance policy also provides financial and legal assistance in case of any disability caused due to bodily injury or demise of the third party during an accident or any other unforeseen event.

3. Holistic Coverage: A two-wheeler third party insurance policy provides holistic coverage. Protection against third party liabilities that may occur during an accident is provided to the policyholder. Since this type of two-wheeler insurance policy is mandatory as per the Motor Vehicles Act, you drive your two-wheeler legally.