Shriram Third Party Bike Insurance
Shriram General Insurance is a reliable insurance provider that has minimized the uncertainties on the road through its bike insurance policies. Shriram third party bike insurance policy is a cost-effective solution to fulfil the mandatory requirement of the law as well as to get rid of third party liabilities arising out of accidents due to the insured’s bike.
Shriram General Insurance has digitalized the purchase of third party bike insurance policy. It has set up an efficient support team to assist the policyholders through the process. Shriram third party bike insurance policy provides the basic coverage for financial and legal liabilities of the insured’s bike towards the third party.
Shriram Third Party Bike Insurance vs Comprehensive Bike Insurance
Third Party bike
This policy provides coverage for the financial and legal liabilities of the third party only.
This policy provides coverage for the third party liabilities as well as the own damages of the insured’s bike.
Nature of Requirement
It is a mandatory requirement as per the Indian Motor Tariff act.
This is optional and depends on individual preferences.
No add-ons are provided along with the third party bike insurance policy.
The coverage of the comprehensive bike insurance policy can be extended by opting for a variety of add-ons to the policy.
The third party bike insurance policy comes with a low premium due to the limited coverage.
Comprehensive bike insurance policy has a relatively higher premium because of the wide coverage it provides.
What All is Covered Under ShriramThird Party Bike Insurance Policy?
Shriram third party bike insurance policy provides coverage for the following cases.
- Financial Liabilities of third party property damage: The insurer takes care of the financial loss of the third party property damage incurred due to the insured’s bike. It provides coverage for third party damage up to Rs. 1 Lakh.
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Shriram Third Party Bike Insurance FAQs
If my bike is damaged in a nuclear attack, do I get coverage under Shriram third party bike insurance policy?
No, Shriram third party bike insurance policy does not cover the damage of the insured’s bike under any circumstances even in case of a nuclear attack.
What is the coverage provided if there is a loss of sight of the third party in case of an accident with the insured’s bike?
The insurer provides 100% of the assured amount as compensation in case of loss of eyesight of the third party caused due to an accident with the insured’s bike.
How can I check the status of my Shriram third party bike insurance policy?
You can check the Shriram third party policy status by dialling its helpline numbers 1800 300 30000 and 1800 103 3009.
How can I make the payment in case of online purchase of Shriram third party bike insurance policy?
In case of online purchase of Shriram third party bike insurance policy, you can make the payment using credit card, debit card and via net banking.
What assistance do I get in case of death of the third party in an accident?
In the case of the death of the third party, the insurer provides legal and financial support to the policyholder. The compensation amount is decided by the court of law.
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