Tata AIG Third Party Bike Insurance

Over the years, Tata AIG General Insurance has maintained a good record of providing the third party bike insurance policy to its policyholders. It works as a protective layer for the insured bikes against the financial and legal liabilities of the third party. The policyholders, insured under the Tata AIG third party bike insurance policy can avoid the expense aroused due to any damage of the third party under an unpredictable situation. The Tata AIG third party provides coverage for any injury or damage caused to the third party and the third party property by the insured bike. This policy takes care of all the financial and legal liabilities of the insured bike. Thus, the Tata AIG third party bike insurance policy helps in having stress-free riding experience.

Tata AIG Third Party Bike Insurance vs Comprehensive Bike Insurance Policy

A third party insurance cover is the basic insurance cover which is designed to cover financial liabilities incurred towards the third party after the accident with the involvement of your vehicle. Here are the elements that are covered under the third party insurance policy:

• Financial assistance for third party property damage: The Tata AIG third party bike insurance policy will provide complete financial assistance to the policyholder in case of any damage to the third party property (up to Rs. 1 lakh) caused in an accident or mishap involving the insured bike.
• Bodily injury/loss of life of the third party: In case of any bodily injury or loss of life of the third party, the insurer will provide compensation either completely or partially. The amount of compensation is decided as per a court of law.

What All Is Not Covered Under Tata AIG 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.