Third Party Bike Insurance

What is covered in 3rd party bike insurance?

Third party bike insurance covers third-party liabilities such as damage to the third-party property and injury, or death of a third party caused due to the insured two-wheeler.

Is 3rd party insurance good?

Third party insurance is good enough if you are looking for only third-party liability coverage. However, if you need own damage cover, you must opt for a Comprehensive insurance plan.

Is 3rd party insurance enough for bikes to avoid traffic police fine?

Third party bike insurance is enough to avoid traffic police fines. As per law, every vehicle owner in India should purchase third party insurance for his/her vehicle.

What are third party benefits?

The benefits for a third party under third-party bike insurance include the following.

• Coverage of up to Rs. 7.5 lakhs in case of damage to third-party property/vehicle.

• Unlimited liability in case of injury/disability or death of the third party caused due to the insured two-wheeler.

Can I get a claim in 3rd party insurance?

You can get the claim benefits in third party insurance if you are the third party who has suffered losses.

Can we convert 3rd party insurance to 1st party?

You can always upgrade the third party insurance plan to a Comprehensive plan by visiting the ACKO website or downloading the app. Provide your vehicle and previous policy details to convert the third party plan to a Comprehensive plan.

Is Third party Bike Insurance mandatory?

Yes, Third-party Two-wheeler Insurance is compulsory as per The Motor Vehicles Act, 1988. Failure to insure your scooter or bike with 3rd Party Insurance shall invite penalties as laid out by the Act.

Can I buy a standalone two-wheeler Third-party Insurance for a bike or scooter?

Yes, you can buy a standalone 3rd Party Insurance for your bike; however, the coverage is limited to third-party liabilities and not for damage to your bike. Therefore, it is better to buy Comprehensive bike insurance for wide-ranging benefits.

How to buy the cheapest Third-party Two-wheeler Insurance?

You can’t get the cheapest 3rd Party Two-wheeler Insurance for your vehicle since the premium rates are regulated and determined by the IRDAI. The cost of Third-party Insurance for your bike remains the same across insurers. However, for a superior experience, consider buying the plan from digital insurance companies such as ACKO. We offer an online mode of buying and renewing two-wheeler Third-party Insurance making it an easier method compared to the traditional offline way.

Is 3rd Party Insurance expensive for two-wheelers?

While the 3rd Party Insurance for bikes is cheaper than Comprehensive Bike Insurance, its coverage is restricted to third-party liabilities. Damages to your bike are not covered. Opt for the Comprehensive Insurance for your two-wheeler (even though it costs more) since it offers coverage for third-party liabilities and own damage of bike.

Can I get 3rd Party Insurance for a new bike or scooter?

Yes, you can buy two-wheeler Third party Bike Insurance online for a brand new bike or scooter. You can scroll to the top of this page or download our mobile app to get a Third-party Bike Insurance Policy for your brand new two-wheeler.

Can I make a claim for third-party liabilities incurred in a different city or state?

Yes, you can raise a claim for liabilities even if the accident occurred in different cities or states. Third party Bike Insurance is valid across India. Ensure you intimate the respective insurer immediately to avoid the possibility of claim rejection.

Will I lose my NCB if I raise a Third-party Two-wheeler Insurance claim?

There is no provision for NCB under the 3rd Party Two-wheeler Insurance. The NCB in bike insurance applies only to the Comprehensive Bike Insurance Policy.

What if someone else was riding my bike during the accident? Will my Third party Bike Insurance cover my losses?

Yes, your Third-party Scooter Insurance will cover your losses even if the insured scooter was driven by someone other than you. However, if the rider did not hold a valid driving licence, your claim could be rejected.

Can I avoid taking Third party Bike Insurance?

No, you cannot avoid insuring your bike with the Third-party Insurance Policy since it is mandatory as per The Motor Vehicles Act, 1988. It is important to insure your bike or scooter with the two-wheeler 3rd Party Insurance. You could also opt for the more extensive insurance coverage by insuring your two-wheeler with the Comprehensive Two-wheeler Insurance Policy.

Is it possible to convert Third-party insurance for my bike into Zero Depreciation insurance?

No, you cannot convert 3rd Party Insurance for your bike into Zero Depreciation Insurance. However, when you renew bike insurance, you can opt for a Comprehensive Policy and pick the Zero Depreciation add-on for enhanced coverage.

How can I get 3rd Party Insurance for my 10-year old bike?

You can buy or renew 3rd Party Insurance for your 10-year old bike on our website or mobile app in a few simple steps.

• Visit our website or mobile app.

• Input your bike’s registration number and model.

• You can either opt for the 1-year or the 3-year long-term plan, pay the premium, and the policy document shall be emailed to you.

How to change from Third-party 2-wheeler insurance to Comprehensive 2-wheeler insurance?

You can switch from Third-party 2-wheeler Insurance to Comprehensive 2-wheeler insurance when you renew two wheeler insurance plan for your vehicle. You can scroll up to the top of this page to buy or get a quote for Comprehensive Insurance for your bike.

Is Comprehensive Bike Insurance also mandatory?

Opting for a Comprehensive policy is rather a logical choice as it offers coverage to repair damages to your bike along with protection against third-party liabilities. Buying this plan will help you get extensive coverage against events like accidents, natural calamities, fire, theft, total loss, third-party liabilities, etc. However, it is not mandatory to buy a Comprehensive Bike Insurance Plan.

Is it possible to buy Third-party fire and theft bike insurance?

No, you cannot customise the 3rd Party Insurance for your vehicle to cover fire damage and theft. Consider buying Comprehensive Coverage for such coverage.