Universal Sompo Third Party Bike Insurance
Universal Sompo General Insurance has been shielding thousands of people against the unforeseen events of life. Universal Sompo third party bike insurance policy provides a cost-effective solution to the policyholders for fulfilling the mandatory requirement of the law as well as dealing with the liabilities towards the third party.
Universal Sompo General Insurance has digitalized its procedures in order to ensure a better experience for the policyholders. It provides maximum assistance to the policyholders through its efficient support team. Universal Sompo third party bike insurance policy covers the financial and legal liabilities of the insured’s bike towards the third party at an affordable premium.
Universal Sompo Third Party Bike Insurance vs Comprehensive Bike Insurance
Third Party bike
Third party bike insurance policy covers the financial and legal liabilities of the third party only.
Comprehensive bike insurance policy provides coverage for both third party liabilities and own damage to the insured’s bike.
Nature of Requirement
As per the Indian Motor Tariff Act, this policy is a statutory requirement.
This policy depends on individual preferences and thus it is optional.
Third party bike insurance policy does not offer any add-on cover to the policyholders.
Policyholders can stretch the coverage of this policy by opting for various add-on covers.
The limited coverage offered by this policy makes the premium relatively lower.
This policy comes with a higher premium due to the extensive coverage it provides.
What All is Covered Under Universal Sompo Third Party Bike Insurance Policy?
The Universal Sompo third party bike insurance policy provides coverage for the following.
- Financial liabilities of third party property damage: The Universal Sompo third party bike insurance policy provides coverage for any property or vehicle damage of the third party caused due to the insured’s bike. The insurer provides compensation up to Rs. 1 Lakh for third party property damage.
Explore Universal Sompo Bike Insurance
Universal Sompo Bike Insurance User Reviews
- Most Helpful
17 Universal Sompo Cashless Garages in India
Universal Sompo Third Party Bike Insurance FAQs
Will the Universal Sompo third party bike insurance policy cover an accident that occurred outside the geographical area?
No, the Universal Sompo third party bike insurance policy will not provide any coverage for an accident or any other mishap that occurred outside the pre-decided geographical area
What coverage will I get in case of the death of the third party?
The insurer will provide financial and legal support to the policyholder in case of the death of the third party. The compensation amount to be paid by the insurer is decided as per the court of law.
How can I pay the premium of my Universal Sompo third party bike insurance policy?
You can pay the premium of Universal Sompo third party bike insurance policy in the following ways.
- Direct debit from your bank
- Credit card payment
- Cheque payment.
How can I check the status of my third party bike insurance policy?
You can check the status of Universal Sompo third party bike insurance policy online or by dialling the toll-free numbers 1800 22 4030 or 1800 200 4030. For checking the status online you have to get registered on the official website.
Can I stretch the coverage of Universal Sompo third party bike insurance policy?
No, you can not stretch the coverage of Universal Sompo third party bike insurance policy as it does not offer any add-on covers. For extensive coverage, you can opt for the comprehensive bike insurance policy.
Why Choose Bike Insurance from InsuranceDekho?
- Instant policy# within 5 mins
- More than 11.5 Lac happy customers
- Claim Support available all 7 days of the week
Latest Bike Insurance News
- Insurance For Second Hand Two Wheeler Explained
Why get a second-hand bike insured? What is a Second-hand Bi...18 September 2020
- Benefits of Timely Two Wheeler Insurance Renewal
Learn benefits of timely online two wheeler insurance renewa...17 September 2020
- Two Wheeler Insurance Claim Rejection Reasons
Learn 7 reasons for rejection of two-wheeler insurance claim...15 September 2020
- How to Change Two Wheeler Insurance
If you want to change your insurer in the middle of your pol...14 September 2020
- Everything About Bike Insurance Types, Benefits an...
What are the types of two-wheeler insurance in India? Why is...11 September 2020
- Understand Theft Cover of Two-Wheeler Insurance Pl...
Understand Theft Cover of Two-Wheeler Insurance Plans10 September 2020