Analysis of Third-Party Bike Insurance in Detail

Analysis of Third-Party Bike Insurance in Detail

The MV act 1988 mandates for all vehicle owners to have at least third-party motorbike  insurance concerning the safety and interest of third-person property or person. This third-party insurance is an essential requirement for all bike owners as it helps cover the cost of damages and injuries caused in the event of an accident. 

But with so many options, choosing the best bike insurance can be confusing. Therefore, to help you make an informed decision, let us look into various aspects of third-party bike insurance policies in detail, analyse it, and check which two-wheeler bike insurance suits your best need.

What aspect needs to be covered in third-party two-wheeler bike insurance? 

  • Covers third-party Death & Injury 
    • Your two-wheeler bike insurance must cover any injuries or death of the third party due to an accident. 
    • And any income loss due to disability or death and corresponding medical expenses can be claimed. 
    • Also, an insured person should be able to claim 100% of the insured amount in case of death.
  • Covers third-party property Damage 
    • In case of any property damage to the third party due to your bike can be claimed.
    • Further compensation of up to ₹1 lakh can be claimed in case of property damage.
  • Covers third-party claims 
    • In an untimely misfortunate event, if the owner or the driver of the insured bike dies or suffers from a permanent disability due to an accident concerning the bike, their dependents can claim compensation.

 What aspect is not covered in third-party two-wheeler bike insurance? 

  • In case there is Harm or injury caused due to overspeeding
  • Driving under the influence of alcohol or drug consumption, or any other reckless behaviour
  • Damage or loss caused by the insured bike outside the said geographical boundaries.
  • Any casualty occurred if an unauthorised or minor person was driving the bike.
  • Damages induced due to the dysfunctionality of the bike or if the bike was being used for any pursuit other than the stated one
  • Any loss or damage induced due to wars, natural disasters, terrorist attacks, riots, etc.

What aspects to keep in mind when you buy third-party two-wheeler insurance? 

Details of policy 

This detail includes essential personal information such as your 

  • Name
  • contact number and 
  • policy number. 

The full address may also be included in some cases, depending on the insurance company. Nevertheless, the most important aspect of paying attention to in this section is the policy period, which specifies the starting and ending dates of your bike’s insurance coverage.

Vehicle Details 

The vehicle details may include model number, type, and registration number. It is crucial to thoroughly verify these details, as even a tiny mistake can result in an incorrect registration number. Which further can create legal and claims-related problems in the future. 

Further, in the case of online old bike insurance, the year in which the bike was manufactured may also be included in some policies, so it’s important to ensure that this information is valid and up-to-date.

IDV value 

It is essential to check the IDV listed in your policy carefully. Correct any discrepancies — the premium breakdown for third-party bike insurance will be clearly stated. You need to understand the charges, indicating each amount. Familiarising yourself with these details to ensure you completely understand the coverage you are paying is essential.Also, you check long-term two-wheeler insurance for additional coverage & benefits.

Check the terms & conditions 

You need to check any additional coverage options; it’s crucial to review the policy terms thoroughly. This will help eradicate unclear or ambiguous facts and ensure clarity when making a claim. Some essential terms to understand include the policy’s coverage and exclusions, geographical limits, and conditions and limitations. Understanding these elements before any possible incidents occur will help ensure you have the proper protection.

Contact information 

The company’s contact information will generally be available at the end of the policy, and they can help you with any questions or concerns. Besides, you can contact the insurance company if you need to modify your policy, such as adding an endorsement to include additional coverage. This can aid you in ensuring that you have the right coverage for your needs and avoid any unwelcome surprises down the road.


Therefore, third-party bike insurance is mandatory for all bike owners as per the motor vehicle act 1988. Third-party bike insurance is a safety shield against any damages and injuries rendered to a third party in the case of an accident. This article will help bike owners analyse the various aspects of third-party insurance, the general coverage and the exclusion to keep in mind. Knowing the details of such aspects as a bike owner helps you understand their requirements and make the right choice concerning protection requirements and the right insurance plan regarding their two-wheeler insurance. 

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