New India Third Party Bike Insurance

New India Assurance General Insurance has been successfully providing assistance to thousands of people during the unfortunate events of life. New India Assurance bike insurance helps the policyholders to fulfil the statutory requirement of the Indian Motor Tariff with its third party bike insurance policy. The New India third party bike insurance also provides peace of mind by relieving the policyholders from the burden of legal and financial liabilities of the third party.

New India Assurance General Insurance has a user-friendly set up to enhance the experience of the policyholders. The third party bike insurance policy covers damage, injury or loss of the third party caused by the insured’s bike.

New India Third Party Bike Insurance vs Comprehensive Bike Insurance

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

• Financial liabilities of third party property damage: This policy provides coverage for any property damage of the third party caused by the insured’s bike. The insurer provides coverage for the third party property damage up to Rs. 1 Lakh.

• Bodily injuries/loss of life of the third party: The insurer provides compensation for bodily injuries, disability or loss of life of the third party caused in any accident involving the insured’s bike. The compensation, however, is decided by a court of law.

What All Is Not Covered Under New India Third Party Bike Insurance Plan?

A third party insurance plan is mandatory to be owned by every bike owner. It is beneficial to cover the third party expenses, but holds a limited coverage. Below are some important points which are not covered under the third party insurance policy:

• No coverage is given for injuries suffered by customers.
• No coverage is offered for damages caused to the insured bike.
• Optional personal accident plans for policyholders is not provided.