New India Bike insurance starting from ₹ 714/year*
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New India Third Party Bike Insurance

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  • Only Indian General Insurance Company operating in 28 countries
  • Claim settlement ratio 93.96% as on FY 18
  • 24*7 Customer assistance
  • More than 588 branches nationwide

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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

Basis

Third Party Bike Insurance

Comprehensive Bike Insurance

Coverage

It provides coverage for the legal and financial liabilities of the third party only.

It provides coverage for third party liabilities as well as for the own-damages of the insured’s bike.

Nature of Requirement

It is a mandatory requirement according to the Indian Motor Tariff.

It is an optional purchase which depends on the preference of the policyholders.

Add-ons Availability

There is no add-on option available along with this policy.

A variety of add-ons are offered to the policyholders along with this policy.

Cost

Its limited coverage makes it cost-effective for the policyholders.

It provides extensive coverage and therefore it has a relatively higher premium.

What All Is Covered Under New India Third Party Bike Insurance Policy?

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.

Must Read Articles before buying New India Bike Insurance

New India Bike Insurance User Reviews

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  • Own Damage
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  • Policy Download
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  • Effortless Claims Settlement

    I had to make a claim for the New India Bike Insurance Policy after my Bajaj bike was damaged. The claims se...

    S
    By Subhash Chaudhary
    On: November 22, 2023
  • Ideal for Exploring Policy Opt...

    The premium calculator on InsuranceDekho is ideal for exploring different policy options. With the New India...

    By Akash Dholakia
    On: November 16, 2023
  • All-in-One Protection at Its B...

    InsuranceDekho's comprehensive coverage is like an all-in-one package for bike protection. The New India Bik...

    By Suresh Dahia
    On: October 30, 2023
  • All-in-One Protection with Ins...

    InsuranceDekho's Comprehensive Car Insurance is an all-in-one protection package. The New India Bike Insuran...

    M
    By Mayank Gupta
    On: October 18, 2023
  • Responsible Driving Encouragem...

    I recently bought the New India Bike Insurance Policy from InsuranceDekho's third-party and the coverage enc...

    P
    By Pankaj Kumar
    On: October 16, 2023
  • Trustworthy and Reliable Cover...

    I recently updated my New India Bike Insurance Policy and added InsuranceDekho's own damage coverage to my J...

    M
    By Mihir Manral
    On: September 27, 2023
  • Affordable Renewal Options

    I found the renewal options from InsuranceDekho to be affordable without compromising on coverage for the Ne...

    A
    By Abhijeet Toor
    On: September 25, 2023
  • Top-Notch Service During Claim...

    I want to express my gratitude to InsuranceDekho for their top-notch service during my claim for the New Ind...

    M
    By Manu Kalra
    On: September 21, 2023
  • Prompt Renewal Reminders

    InsuranceDekho sends timely renewal reminders, making it easy to keep my New India Bike Insurance Policy’s t...

    S
    By Shirish Kota
    On: September 14, 2023
  • Helpful Tool for Budget Planni...

    I was looking for a good policy for my Kawasaki bike and InsuranceDekho's premium calculator came out to be ...

    T
    By Taposh Rabeya
    On: September 12, 2023

New India Third Party Bike Insurance FAQs

Why is a third party bike insurance needed?

A third party bike insurance is needed for the following reasons:

  • It is mandatory as per the Indian Motor Tariff act. One can get penalized for not having the policy.
  • It provides financial support for third party liabilities in case of an accident.

What documents do I need to buy the New India third party insurance policy?

You require the following documents for buying the New India Assurance third party bike insurance policy:

  • Photo ID proof and address proof (Aadhar card, Voter Id, PAN Card or Passport)
  • The Copy of the valid driving license
  • The registration number of bike
  • The RC certificate

How can I purchase the New India Assurance third party bike insurance?

The New India Assurance third party bike insurance can be purchased in the following ways:

  • By visiting the nearest branch
  • By visiting the official website of New India Assurance
  • By dialling the helpline number 1800 209 1415

What should be done if the policy documents are lost?

An F.I.R. has to be registered immediately after the New India Assurance third party bike insurance policy documents are lost. Then a written request along with the copy of the F.I.R.has to be submitted to the insurer. The insurer will provide a copy of the original documents after verifying the details.

What is the payment process of the premium of the third party bike insurance policy?

The premium of the New India Assurance bike insurance policy can be made in the following two steps:

  • By cash at the nearest branch.
  • By debit card, credit card or net banking.

Why to buy from InsuranceDekho?

  • Instant policy# within 5 mins
  • More than 50 lakhs happy customers
  • Claim Support available all 7 days of the week

New India Bike Insurance Contact Details

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Bike Insurance News

New India Bike insurance starting from ₹ 714/year*
or
New India Bike insurance starting from ₹ 714/year*
or
#Applicable on non-inspection cases i.e. existing policy has not expired or when buying a policy for a new vehicle.