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How Can I Buy Third-Party Bike Insurance?

Updated On Aug 19, 2022

How Can I Buy Third-Party Bike Insurance?

Third-party bike insurance is the most fundamental sort of bike insurance policy available, protecting the policyholder vs any financial obligations that may be lawfully paid by any third party due to an accident when the covered bike would be at risk. Every bike owner in India is required under the Indian Motor Tariff Act to maintain a third party insurance policy at the very least.

Getting third-party insurance is a quick and simple way to protect yourself from any third-party responsibility arising from an incident or catastrophe. Bike insurance for third parties will spare you time and money while easing your tension in the event of an unexpected incident. To know more about third-party insurance, read on.

How Can I Buy Third-Party Bike Insurance?

What Is Third-Party Bike Insurance?

The most fundamental kind of two-wheeler insurance coverage is third-party coverage. It gives the policyholder protection against any third-party liabilities (bodily harm, fatalities, and/or property damage) resulting from mishaps involving the insured's two-wheeler on the road or in any other situation. The degree of reimbursement for third party property destruction is capped at Rs. 1 lakh. However, the payout in cases of third party mortal injury/death is determined by a court of law.

Why Do We Need Third-Party Bike Insurance?

Third-party bike insurance is required in India according to the Indian Motor Vehicles Act of 1988. This cover is a need for operating any vehicle. If an owner operates a car without insurance, there will be a significant fine. In order to offer the essential financial protection in the event of any responsibility originating from a third party, it is imperative to have enough insurance coverage.

The staggering number of traffic deaths has highlighted how crucial it is to get your car insured since it offers protection against financial hardship. Additionally, it guarantees high-quality healthcare, so you don't have to worry about costs.

What Are The Benefits Under Third-Party Bike Insurance?

It would be difficult to quantify the benefits of purchasing third-party bicycle insurance. This policy addresses third-party responsibilities resulting from unintentional harm, loss, or demise to a third party. Premiums are reasonably priced.
Following are the benefits under third-party insurance -

  • Wrongful Death Or Injury To Third Parties - Medical costs payable in the event of third-party hospitalisation due to personal injuries are covered. While a compensation sum up to a certain maximum is also provided in the terrible event of a death.
  • Reimbursement - Third party insurance provides reimbursement up to Rs 7.5 lakh in the event that a third party sustains property damage.
  • Personal Accident Cover - An cheap personal accident protection premium beginning at Rs 330 can be used to obtain this additional benefit. The owner driver's losses or injuries may be partially covered by this insurance.

What Are The Inclusions For Third-Party Bike Insurance?

This third-party bike insurance policy, often known as a "Act Only" coverage, protects the policyholder or the vehicle against the following scenarios -

  • Personal harm to a third party, such as physical harm or death of a third party, putting the insured at risk.
  • Third-party property damages are covered by a Rs. 1 lakh liability cap.
  • 15 lakh rupees in personal accidental coverage is required for bike owner-drivers.
  • Pillion rider coverage is available for an extra Personal Accident Cover expense.


You will constantly see two-wheelers on the streets and lanes. They are not only very economical, but also very fast and handy. But purchasing a bike comes with certain obligations as well, so it's not only a pleasure. The recommendation for third-party insurance is based on its coverage.

Also read: Benefits Of Bumper To Bumper Car Insurance

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This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.
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