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Universal Sompo Third Party Bike Insurance

253 reviews Rate This
    Network Garages3,500+
    Claim Settlement Ratio90.78% in FY20
    Emergency AssistanceAvailable 24/7
    Policies Issued12 lakh+ in FY19
    Claim ProcessDigitally Enabled
    Presence86+ branches

    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

    Basis

    Third Party Bike Insurance

    Comprehensive Bike Insurance

    Coverage

    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.

    Add-ons Availability

    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.

    Cost

    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.

    Bike insurance starting from Rs.482/year*
    • Save upto 75%*
      Lowest Bike Premiums
    • 11.5 Lakh+
      Happy Customers
    • Claim Support
      7 days a week

    *TP price for less than 75cc two-wheeler. All savings/offers are provided by the Insurers which are subject to modification. Terms and conditions apply

    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.
    • Bodily injuries/loss of life of third party: The insurer takes care of any bodily injuries, disability or loss of life of the third party caused in any mishap involving the insured’s bike. The compensation amount, however, is decided as per the court of law.

    What All Is Not Covered Under Universal Sompo Third Party Bike Insurance Plan?

    The third party insurance cover offers limited insurance coverage which every policyholder needs to be aware of. Here are the points which are not covered under the third party bike insurance policy:

    • Damages sustained by the insured bike are not covered
    • No compensation for injuries suffered by the policyholder
    • Optional personal accident cover is not available with the third party cover.

    Calculate Your Bike Insurance

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    When did you buy your bike?
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    Must Read Articles before buying Universal Sompo Bike Insurance

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    • Quick response on the chat box

      InsuranceDekho's website provides a chat box feature to its users. I bought the Universal Sompo bike insuran...

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      D
      By Devesh Arya
      On: February 20, 2023
    • Customer care service

      While buying the Universal Sompo bike insurance plan for my Aprilia storm 125 from the InsuranceDekho websi...

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      By Tarun Yadav
      On: February 16, 2023
    • Option to choose from differen...

      I just bought a Universal Sompo own damage bike insurance policy from InsuranceDekho for my BMW F650 bike. T...

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      M
      By Mankirat Singh
      On: February 9, 2023
    • Rapid generation of quotes

      On InsuranceDekho, the generation of insurance quotes for my Yamaha Saluto was quick. I just had to enter th...

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      S
      By Srinivas Gupta
      On: January 31, 2023
    • Price Comparison

      I checked InsuranceDekho. It was so easy to choose a plan as the website had all the plans elaborated in an ...

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      By Samar Raj
      On: January 24, 2023
    • Well managed website

      The InsuranceDekho website is very well managed and maintained. All the things are arranged properly. While ...

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      By Harsh Gupta
      On: January 3, 2023
    • Best customer care team

      The customer care service of the InsuranceDekho website is amazing. While buying the Universal Sompo bike insu...

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      S
      By Shraddha Gupta
      On: October 13, 2022
    • Amazing customer care service

      The InsuranceDekho website has the best customer care service. I recently bought the Universal Sompo bike in...

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      By Sushant Kapoor
      On: July 26, 2022
    • Amazing customer care service

      The InsuranceDekho website has the best customer care service. I recently bought the Universal Sompo bike in...

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      S
      By Sushant Kapoor
      On: July 22, 2022
    • Quick response on the chat box

      InsuranceDekho's website provides a chat box feature to its users. I bought the Universal Sompo bike insurance...

      Read More
      D
      By Devesh Arya
      On: July 12, 2022

    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.

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    Universal Sompo Bike Insurance Contact Details

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    #Applicable on non-inspection cases i.e. existing policy has not expired or when buying a policy for a new vehicle.