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
Third Party bike
This policy provides coverage against the financial and legal liabilities of the third party only.
This policy provides coverage for both ‘Third Party’ and ‘Own Damage’.
Nature of Requirement
This policy has been made mandatory for all bikes under the Indian Motor Tariff.
This policy is optional and depends on the policyholder’s preference.
It does not offer any add-ons to the policyholders.
It comes with multiple optional add-on covers.
The limited coverage provided by the policy makes it cost-effective.
The variety of add-ons offered under this policy makes it comparatively expensive.
What all are Covered Under TATA AIG Third Party Bike Insurance Policy?
These followings are covered under the TATA AIG third party bike 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.
TATA AIG Bike Insurance User Reviews
TATA AIG Third Party Bike Insurance FAQs
Does the third party bike insurance policy provide coverage outside the geographical arena?
Each policy has a pre-decided geographical limitation for the policyholders. The TATA AIG third party bike insurance policy will not provide for any damage or injury to the third party that occurred outside the pre-decided geographical area.
How can I get the TATA AIG third party bike insurance policy?
You can get the TATA AIG third party bike insurance in the following three ways-
- Go to the official website
- Visit the nearest branch
- Call the toll-free number 1800 266 7780
What should I do in case of third party damage to avail the cov
It is necessary to inform the insurer immediately after an accident or mishap. You can call their toll-free number and register your request. You can also visit the nearest branch and inform the insurer.
Does the TATA AIG third party bike insurance cover the occupants carried in the third party vehicle?
The TATA AIG third party bike insurance policy provides coverage for any occupants carried in the third party vehicle. However, this will only be applicable if the occupants are not for hire or reward.
Does the TATA AIG third party bike insurance policy provide coverage for any damage to the insured bike?
The TATA AIG third party bike insurance provides coverage against the third party only. Any damage caused to the insured bike is excluded from the coverage of this policy. It will cover the damage or loss of third party and third party property.