How To Claim Third Party Insurance for Your Bike

Written by Sharad Bajaj

Updated On Jul 20, 20202 min read

Lets explore about claiming third party insurance for your bike

When it comes to bike insurance, third party bike insurance is the most basic and mandatory cover that every bike or any two-wheeler must own to legally ride the vehicle on road in the country. At least a third party bike insurance plan is a mandatory requirement as per the Indian Motor Tariff owing to the plan’s high relevance and significant coverage.

What Is a Third Party Bike Insurance?

Third party bike insurance is a cover, which is designed to insure policyholders against third party liabilities i.e damages sustained by a third party due to an accident involving the bike of the insured person. Every bike rider must have this insurance cover as if caught without it, the rider shall be entitled to pay a fine of Rs. 2,000 and can even be jailed for up to 3 months.

What All Is Covered Under a Third Party Bike Insurance Claim?

A third party bike insurance plan brings different benefits and coverage for a policyholder. A claim for the following can be made under a third party bike insurance plan:

Cover for Third Party Bodily Injury and Death

If any damage incurred by a third party leads to medical expenses or hospitalisation due to an accident with the insured person’s bike, then medical costs are taken care off by the insurance policy. A third party plan also covers compensation amount in case of death of the third party person.

Cover for Third Party Property Damage

If any damage or loss is incurred to the property of a third party, a compensation amount of up to Rs. 1 lakh is offered to the third party under a third party bike insurance policy.

How to Make a Third Party Bike Insurance Claim?

The third party claim procedure is quite different from the own-damage claim process. Here are the simple steps that you can follow to make a third party bike insurance claim:

Click the clear pictures of the damages incurred after the accident
Note down all the relevant details of the damaged vehicle or vehicles
If any eye-witness of the accident is there, note down his or her contact details
Inform your insurance company about the accident and act as per their guidance
Register a First Information Report (FIR) at a police station of that particular jurisdiction
File a case with the Motor Accident Claims Tribunal Court with the help of a lawyer
Attend the court proceedings, tell the actual happening and submit all the required documents and details
Share the court’s order with the insurer and receive the compensation for the expenses of the bodily injuries and property damages.

Documents Required to Make a Third Party Insurance Claim

It is quite easy to buy an affordable third party bike insurance plan and even more easy to make a claim under it. But, it is only possible when the policyholder acquires all the valid and relevant documents. Below is a list of the necessary documents that are required to make the claim request for a third party insurance:

Driving license (DL)
Insurance Policy Document
Duly filled and signed claim form
Registration Certificate (RC) of the two-wheeler
Pollution Under Control (PUC) Certificate
First Investigation Report (FIR) (in an event of accident)
Original receipt/bills of bike or any two-wheeler repairs
Duly signed Satisfaction Voucher (SV) or Discharge Voucher (DV)
A copy of PAN Card (if the claim amount is more than Rs. 1 lakh)

Take Away

The Third Party Bike Insurance Claim is requested to get the claim against the financial liabilities that a policyholder may incur towards a third party. It is a compulsory requirement for every bike owner in India. The complete information about it can safeguard the policyholders from the penalties as well as post-accidental expenses to quite an extent.