Shriram Third Party Bike Insurance

Shriram Bike Insurance

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  • 78.78% Claim Settlement Ratio In FY18
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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

Basis

Third Party bike

insurance

Comprehensive bike

insurance

Coverage

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.

Add-ons Availability

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.

Cost

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.
Bodily Injuries/ loss of life of third party: The insurer provides compensation for the bodily injury, disability or loss of life of the third party caused due to the insured’s bike. The compensation amount is however decided by the court of law.

Shriram Bike Insurance User Reviews

86 reviews Write a Review
  • Processes without any paperwork

    The paperless benefit of InsuranceDekho makes its processes easier and quicker. I bought a Shriram bike insurance policy from the insurance portal for...

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    K
    Keshav Mathur
    On: July 10, 2020 | Views
  • Great online support

    I have a policy of Shriram insurance that I bought through InsuranceDekho portal. Its support team is awesome and its executives answer all my insuran...

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    R
    Rishi Nigam
    On: July 9, 2020 | Views
  • Quick settlement of claims

    I experienced the fastest settlement of my claim with Shriram insurance plan after I met with an accident with my Honda Activa 5G Scooty. The Insuranc...

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    K
    Kavita Singh
    On: July 3, 2020 | Views
  • Top-notch insurance services

    The InsuraceDekho provided me with the best insurance services like policy purchase, claim assistance, policy renewal, etc. I bought a Shriram insuran...

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    B
    Bijendra Singh
    On: June 26, 2020 | Views
  • Prompt policy issuance

    The InsuranceDekho team advised me to buy Shriram Insurance to insure my Bajaj Avenger Street 220 bike in just 5 minutes. I am very happy and overwhel...

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    R
    Raj Jain
    On: June 25, 2020 | Views

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.

Shriram Bike Insurance Contact Details

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