Third Party Cover Insurance for Two-Wheeler

What is Third Party Bike Insurance?

A Two Wheeler Third Party Insurance policy is designed to protect you against damages (including death, bodily harm, injury or death, and damage to property) to a third party due With a comprehensive third party bike insurance policy, you would automatically have the confidence to take your mean machine to the roads and get a little mud on the tyres.

We realize that you could be running on a tight schedule and don’t have much time to devote to policy purchase. That’s the reason why we’ve designed our online two wheeler insurance purchase and renewal process to be convenient and not eat into your time.

All you need to do is click on the Two Wheeler (Liability Only) option and our user-friendly portal will guide you thereon. Should you get stuck at any point or want further clarification, you can talk to our experts who will ease you into the process and help you zero in on the plan that suits you the best.

In case of any query related to claims, we are just a single call away. Our round-the-clock experts will assist you with queries and clarifications, all and sundry. Bajaj Allianz 24x7 call centers will also help you with instant updates about the current status of your claim.

We take pride in offering prompt and extensive claim assistance to guide you through the complex legal procedures involved in a third party liability claim.

Policy Information

Cover for Financial Obligation

It protects you against possible legal and financial obligations that may arise from damages caused to a third party. This third party can either be a person or his/her property.

Lower Premium

Since it provides coverage against damages to a third party, this policy is more financially affordable and involves lower premium outgoes as compared to a more exhaustive vehicle insurance plan.

Simple Documentation

Considering that two wheeler third party insurance doesn’t have anything to do with your vehicle, it involves lesser and simpler documentation vis-à-vis the conventional motor insurance policy.

Two Wheeler Third party liability

File a police complaint at the nearest police station immediately. Once you receive the charge sheet, call us on our toll-free number and our representative will initiate the process. The documents required from you will be as below:

● In case of Injury/death - Documents (hospital bills, treatment expense invoice) in relation to the injury will be required. In case of a death, a death certificate and a confirmation from the motor accident claims tribunal would be needed to be submitted to us.

● In case of Property damage - An inspection officer’s report from the motor accident claims tribunal, original bills and surveyor’s report to make an estimation of the loss incurred to the third-party property will be needed to be submitted.

Important To Dos

Making sure you take photographs of the spot of the accident and the exact location and position of the vehicle as it is on the spot of the accident

● In case you are providing a treatment to the any injured person/s, you will need to note the name of the hospital and the treating doctor which would be required to be informed to us

● Provide all the relevant factual details to ensure your claim is not rejected due to false information.

Key Features of Third-Party Bike Insurance

Third-party bike insurance, also known as Third-Party Liability (TPL) insurance, is a form of two-wheeler insurance in India. It financially protects you from legal and financial liabilities arising from injuries or property damage caused to a third party (people or vehicles) by your bike in an accident. In simpler terms, if you cause an accident and injure someone or damage another person's car or property, this insurance covers the costs associated with those damages.

Key Benefits of Third-Party Bike Insurance

● Financial Protection :

It safeguards you from substantial financial burdens if you cause an accident, injure someone or damage another person's property. Legal costs and third-party damage repairs can be significant.

● Peace of Mind :

Knowing you have this basic coverage allows you to ride with greater peace of mind.

● Legal Compliance :

Owning and riding a two-wheeler in India requires a valid third-party bike insurance policy. Driving without it can lead to fines and vehicle seizure.

Premium Rates of Third-Party Bike Insurance

Third-party bike insurance premiums are generally considered the most affordable option for two-wheeler insurance. Factors influencing the premium amount include your bike's engine capacity, location (accident & theft rates), and your claim history (if available). Generally, premiums are lower for lower-engine capacity bikes.

How to Calculate a Third-Party Two-Wheeler Insurance Premium

To estimate your two-wheeler insurance premium, insurers use online calculators that consider factors such as your bike’s make, model, engine capacity, location, and age. While the insurer performs the exact calculation, these tools give you a rough estimate.

Third-party insurance costs are primarily determined by these variables, ensuring you get a ballpark figure before finalising your insurance purchase. It’s a helpful tool for understanding potential costs and planning your budget effectively.

These calculators simplify the process by providing quick insights into the financial aspect of insuring your bike, ensuring transparency and helping you make informed decisions about your insurance coverage.

Compensation Offered under Third-Party Bike Insurance Policy

Two wheeler third-party insurance covers:

● Third-Party Bodily Injury :

Covers medical expenses, disability compensation, or death benefits for third parties injured in an accident caused by your bike.

● Third-Party Property Damage :

Covers repairs or replacement costs for property damaged by your bike, including other vehicles, buildings, or infrastructure.

Please note : Third-party bike insurance does not cover repairs to your own bike or injuries to yourself or your pillion rider.

Long Term Third Party Bike Insurance Policies for New Two-Wheeler Owners

Third-party bike insurance policies usually span 1 year, Bajaj Allianz offer long term policy for longer durations. Renewing your policy on time is important to maintain uninterrupted coverage and avoid gaps in protection. Timely renewal ensures compliance with legal requirements and safeguards against financial liabilities arising from accidents or third-party damages. It also preserves any accumulated benefits, such as No Claim Bonus (NCB), which can significantly reduce premiums upon renewal.

By staying proactive and renewing on schedule, you ensure ongoing financial security and peace of mind, knowing that your bike and liabilities are adequately covered at all times.

WHAT DOCUMENTS WOULD I NEED?

With Bajaj Allianz Two Wheeler Third Party Insurance policy, you don’t have to run from pillar to post with papers for renewal anymore. Just log onto to our website, navigate

● Policyholder details such as name, gender, residential address, date of birth

● Driving license copy

● Registration certificate and number of the vehicle

● Proof of address

● Existing policy number

How to Buy/Renew a Two Wheeler Third Party Insurance Policy Online

Bajaj Allianz General Insurance provide the option to purchase or renew third-party insurance online for two-wheelers. This modern approach offers a seamless and paperless experience, allowing you to complete transactions swiftly without the need for physical documentation. By using digital platforms, you can compare different plans, check coverage details, and select the most suitable policy from the comfort of your home or office. It saves time that would otherwise be spent visiting insurance offices and also ensures instant policy issuance and hassle-free management of your insurance needs with just a few clicks.

HOW CAN I RENEW MY TWO WHEELER LIABILITY ONLY POLICY

Lo and behold! Renewing your bike third party insurance policy isn’t optional any longer, as is mandated by relevant sections of the motor vehicles act, 1988.

And the good news here is that renewing your coverage is a breeze, considering our convenient online renewal portal. All you have to do is keep tabs on the expiry date. Policy renewal that’s done well within the date of expiry (of the original policy) allows you to avoid additional inspection.

How To Claim Third-Party Bike Insurance with Bajaj Allianz

In case of an accident involving third-party insurance online for two-wheelers while insured with Bajaj Allianz, follow these general steps:

● Inform the Authorities :
File a police report (FIR) at the nearest police station.

● Intimate Bajaj Allianz :
Contact Bajaj Allianz General Insurance Company and inform them about the accident.

● Gather Documents :
Collect necessary documents like the FIR, driving license, RC book, and any medical bills (if applicable).

● Claim Process :
Submit the documents to Bajaj Allianz General Insurance Company for claim processing. They will then contact the third party and settle the claim amount as per policy terms.