🙏Third-party bike insurance👇
Third Party Bike Insurance Premium (2025-2026)
For bikes, the premiums vary based on the engine capacity:
76cc to 150cc: ₹ 714 +18% GST
151cc to 350cc: ₹ 1,366 +18% GST
351 cc and above: ₹ 2,804 +18% GST
These premiums are for third-party liability insurance only, which covers damage caused to others in an accident (property damage or injury), but does not cover damages to your own vehicle.
Factors Affecting the Premium:
Engine Capacity: Larger engine capacity often means a higher premium.
Type of Bike: Sports bikes or high-end motorcycles may have higher premiums.
Insurance Provider: Different insurers might offer varying rates based on their pricing strategies.
No Claim Bonus (NCB): If you haven’t made any claims in the previous year, you might receive a discount.
What Third Party Bike Insurance Covers:
Bodily Injury or death of third parties (other people involved in an accident).
Property Damage caused to a third party.
Legal Liabilities in case you’re held responsible for an accident.
You can also opt for comprehensive coverage, which adds protection for your own bike against accidents, theft, fire, and natural calamities, though that comes at an additional cost.
If you want an exact quote, it’s best to get a premium calculator from insurance providers or visit their websites to get the most accurate information based on your bike and personal details.
What is Third Party Bike insurance ?
Third party bike insurance is a type of motor insurance policy that provides coverage for damages caused to a third party due to an accident involving your bike. It is mandatory by law in India under the Motor Vehicles Act, 1988. This insurance does not cover damage to your own bike, but it protects you financially against the legal liability for injuries, death, or property damage caused to others in an accident where you are at fault.
What Does Third Party Bike Insurance Cover?
Bodily Injury or Death of Third Parties:
If you cause an accident that results in injury or death to another person, third-party insurance covers the compensation claims made by the injured party or their family.
Property Damage to Third Parties:
If your bike damages someone else’s property (e.g., their vehicle, fence, or other property), third-party insurance will cover the repair or replacement costs.
Legal Liability:
It covers any legal expenses if you are sued for the accident, which can be financially draining without insurance.
What Third-Party Insurance Does Not Cover:
Damage to Your Own Bike: Third-party insurance doesn’t cover any damage to your own bike in the event of an accident.
Theft or Fire: It does not protect against your bike being stolen or damaged in a fire.
Injury to the Rider: It does not cover any medical expenses or injuries to the rider or passengers of your bike.
Why is Third Party Bike Insurance Mandatory in India?
In India, every vehicle on the road is required by law to have at least third-party liability insurance. The purpose is to ensure that individuals who cause accidents are able to compensate those who are affected, including other drivers, pedestrians, and property owners. If you are caught riding without third-party insurance, you can face legal penalties, including fines.
Key Features of Third Party Bike Insurance:
Affordable Premium: Since it only covers third-party liabilities, the premium is relatively low.
Legal Compliance: It’s a legal requirement in India for all vehicle owners to have third-party insurance.
Peace of Mind: It helps you avoid financial strain in case you are responsible for an accident involving another person or their property.
If you want additional protection for your bike, such as coverage for damages to your own vehicle or theft, you may opt for a comprehensive insurance policy.
How to Claim Third Party Bike insurance ?
To claim third party bike insurance in India, the process generally involves a few specific steps, as this type of insurance typically covers damages or injuries caused to others in an accident. Here’s a step-by-step guide to help you through the process of claiming third-party insurance:
1. Inform the Insurance Provider Immediately
As soon as the accident occurs, inform your insurance company about the incident. It is essential to report the incident within a certain time frame, typically within 24 hours.
Most insurers have a 24/7 helpline or an online portal for filing claims.
2. File an FIR (First Information Report)
If the accident involves injury or death to a third party, or significant property damage, you need to file an FIR with the local police station.
The police report is crucial as it serves as an official document that details the nature of the accident. This will be required for processing the claim.
3. Gather Evidence
Collect as much evidence as possible to support your claim:
Photographs of the accident scene and the damage caused.
Witness Statements if available.
Details of the third party involved (such as their name, address, and contact details).
FIR copy (from the police).
Details of the damages caused, including photographs and receipts if repairs were carried out.
4. Submit the Claim to Your Insurance Provider
Fill out the claim form provided by your insurance company. You can usually download this form from the insurer’s website or get it directly from their office.
Attach all necessary documents, including:
Copy of the FIR.
Photographs and evidence of the accident.
Details of the third party (if applicable).
Any other documents requested by the insurer (e.g., repair invoices or medical reports in case of injuries).
Ensure that all documents are accurate and complete to avoid delays in the claim process.
5. Investigation and Assessment
Once the claim is submitted, the insurance company will investigate the incident. This may involve contacting the third party, reviewing the FIR, assessing the damages, and verifying all the details.
A surveyor from the insurance company may be appointed to evaluate the situation.
6. Settling the Claim
After the investigation is completed, if the claim is found to be valid, the insurer will settle the claim.
The insurance company will pay the compensation amount directly to the third party for bodily injury, death, or property damage caused by the accident.
If you are found to be at fault, you will not need to pay the third party from your pocket, as this liability is covered by the third-party insurance. However, if the claim is disputed, you may need to attend court proceedings.
7. Disbursement of Compensation
After the approval of the claim, the compensation will be disbursed to the third party involved in the accident (the person whose property was damaged or who was injured).
Key Points to Keep in Mind:
No Claim for Personal Damage: As third-party insurance only covers liability for others, you cannot claim for repairs to your own bike or injuries to yourself under this policy.
Claim Denial: If you fail to report the accident promptly, or if your involvement in the accident is found to be intentional or due to negligence (e.g., driving under the influence), your claim might be denied.
Legal Proceedings: In case of serious injury or property damage, the third party may also take you to court for compensation. In such cases, your insurer will help you with legal defense, as it is a part of the coverage.
Summary of Documents Typically Required for a Third-Party Claim:
FIR (First Information Report) of the accident.
Claim form from the insurance provider.
Photos of the accident and damages.
Witness Statements (if available).
Insurance policy details.
Details of third party (if applicable).
Medical and repair bills, if applicable.
By following these steps and keeping all documents ready, you should be able to successfully file and claim your third-party bike insurance. If you ever face difficulties, don’t hesitate to reach out to your insurance provider for assistance in the claim process.
Why Book Third Party Bike insurance :
Third party bike insurance is the most basic type of motor insurance, and in many places (like India, the UK, and others), it’s legally mandatory. Here’s why you might choose (or need) to book third party bike insurance:
1. Legal Requirement
In many countries, riding a bike without at least third-party insurance is illegal. If you’re caught without it, you can face fines, penalties, or even imprisonment.
2. Covers Damage to Others
It protects you financially if your bike causes:
Injury or death to another person
Damage to someone else’s property
You won’t have to pay out of pocket for these, which can sometimes be very expensive.
3. Affordable Premium
Compared to comprehensive insurance, third party bike insurance is much cheaper. So if you have an older bike or are on a budget, it gives you legal protection at a low cost.
4. No-Fault Compensation
In some systems, even if the accident wasn’t your fault, having third party bike insurance helps resolve claims quicker, since the insurer handles it.
What It Doesn’t Cover:
Damage to your own bike
Injuries to you
Theft or natural calamitie
How Does Third Party Bike insurance Work ?
Here’s how third-party bike insurance works, step by step:
🚦 1. You Buy the Policy
You purchase third-party insurance for your bike—either online or through an agent. It usually lasts for a year, though long-term options (3–5 years) are also available.
🛣️ 2. You Cause an Accident
Suppose you’re riding your bike and accidentally hit a pedestrian, damage another vehicle, or crash into someone’s property.
⚖️ 3. A Third-Party Claim Is Made
The injured person (or property owner) files a claim for damages or medical expenses. They do this either directly with your insurer or through legal proceedings.
📝 4. Insurance Investigation
Your insurer investigates the accident:
Verifies your policy is valid
Assesses fault and liability
Estimates the cost of damage or injury compensation
💵 5. Insurer Pays Compensation
If you’re found liable, the insurer pays the compensation to the affected third party, covering:
Medical expenses
Property damage
Death or disability claims (up to policy limits)
Note: The payout goes only to the third party, not you.
🔒 Important: Exclusions
Your insurer won’t cover:
Your own medical bills
Repairs to your own bike
If you’re riding without a valid license, or under the influence
Difference Between Third Party Bike insurance And Comprehensive Bike insurance
Here’s a clear comparison between Third-Party and Comprehensive bike insurance:
Feature | Third-Party Insurance | Comprehensive Insurance |
|---|---|---|
Coverage | Only covers damage to others (people/property) | Covers third-party + your own bike (damage/theft) |
Mandatory by Law | ✅ Yes | ❌ No (optional but recommended) |
Covers Own Bike Damage | ❌ No | ✅ Yes |
Covers Theft of Bike | ❌ No | ✅ Yes |
Covers Natural Disasters/Fire | ❌ No | ✅ Yes |
Personal Accident Cover | Optional | Usually included |
Premium Cost | 💰 Low | 💰💰 Higher (due to broader coverage) |
Best For | Legal compliance and low-budget riders | Riders wanting full protection for their bike |
✅ When to Choose What:
Third-party only: If your bike is old, or you just want to meet legal requirements.
Comprehensive: If your bike is new, valuable, or you want peace of mind against damage, theft, fire, or natural disasters.
Key Features of Third Party Two Wheeler insurance Policy
Here are the key features of a Third-Party Two-Wheeler Insurance Policy:
🔑 Key Features:
✅ Legal Requirement
Mandatory under the Motor Vehicles Act (in countries like India).
Ensures you meet minimum legal obligations to ride on public roads.
👥 Third-Party Liability Coverage
Covers injuries, death, or property damage caused to another person by your two-wheeler.
⚖️ Financial & Legal Protection
Insurer handles legal expenses and compensation payouts if you’re held liable in an accident.
💸 Affordable Premiums
Lower cost than comprehensive insurance because it offers limited coverage.
📅 Annual or Long-Term Options
Available as 1-year or long-term (up to 5 years) policies to avoid yearly renewal hassle.
🚫 No Coverage for Own Damage
Does not cover your bike’s repair, theft, or damage from natural causes.
🛡️ Optional Add-ons Limited
Typically fewer add-ons; Personal Accident Cover for owner-rider is often available separately.
🔍 Fixed Premium (for Third-Party)
Premiums are usually regulated by the government and based on engine capacity (in countries like India).
Key Benefits of Third Party Two Wheeler insurance Policy
Here are the key benefits of a Third-Party Two-Wheeler Insurance Policy:
🌟 Key Benefits:
✅ Legal Compliance
Keeps you on the right side of the law—riding without it can lead to fines or penalties.
💰 Financial Protection
Covers costs if you injure someone or damage their property while riding your bike, which can otherwise be very expensive.
⚖️ Covers Legal Liabilities
Handles legal proceedings and compensation if a third party files a claim against you.
🔧 No-Fault Liability Coverage
You get protection even if the accident wasn’t entirely your fault (as per motor insurance tribunal rulings).
💸 Low Premium Costs
Very budget-friendly, making it ideal for those who want basic protection without high costs.
🛡️ Peace of Mind
Lets you ride worry-free, knowing that third-party damage or injury claims won’t drain your finances.
📈 Easy to Buy & Renew
Simple paperwork, fast online purchases, and instant policy issuance in many countries.
📅 Long-Term Options
Some insurers offer 3- or 5-year plans to reduce renewal hassle and avoid premium hikes.
Coverage Under Third Party Bike insurance
Here’s what is covered under a Third-Party Bike Insurance policy:
✅ Coverage Under Third-Party Bike Insurance:
👥 Third-Party Bodily Injury or Death
If your bike causes an accident resulting in injury, disability, or death of a third party (person), the insurer compensates them or their family.
🏚️ Third-Party Property Damage
Covers damage to someone else’s vehicle or property, such as cars, walls, buildings, or fences.
In India, property damage is usually capped at ₹7.5 lakh (may vary by country).
⚖️ Legal Liabilities
Includes legal expenses and court-mandated compensation if a third party sues you for damages caused in an accident.
🛡️ Personal Accident Cover for Owner-Driver (Optional/Add-on)
Provides coverage for accidental death or permanent disability of the bike owner while riding, often up to ₹15 lakh in India.
Note: This is often a separate add-on or bundled with the policy.
❌ Not Covered:
Damage to your own bike
Theft or fire
Injuries to the policyholder (unless add-on is taken)
Wear and tear, mechanical breakdown
Compensation Offered Under Third Party Bike insurance
The compensation offered under Third-Party Bike Insurance depends on the type of damage or injury caused. Here’s a detailed breakdown:
💰 Compensation Offered:
1. 👤 Bodily Injury or Death of a Third Party
Death: Compensation is determined by a Motor Accident Claims Tribunal (MACT), based on the age, income, and dependents of the deceased.
Permanent Disability: Based on the percentage of disability and income loss.
Temporary Disability / Medical Expenses: Covers actual medical costs and wage loss.
📝 There is no fixed limit; the court decides the compensation.
2. 🏚️ Property Damage
Compensation for damage to another person’s vehicle, building, wall, or other property.
Limit in India: Up to ₹7.5 lakh (can vary by country or insurer).
If the damage exceeds the limit, you may have to pay the excess from your own pocket.
3. ⚖️ Legal Expenses
Your insurer will cover the cost of legal representation and court proceedings related to the third-party claim.
4. 🛡️ Personal Accident Cover (Optional but Often Included)
Covers death or permanent disability of the owner-driver.
Standard coverage in India: ₹15 lakh.
Only applies if the owner was riding the bike at the time of the accident.