Now Insure your Bike for next 3 years with Long Term Third Party Insurance!!!

Knowledge Centre
  • Introduction
  • What's included?
  • What's not included?
  • Why Choose HDFC ERGO?
  • FAQs

Two Wheeler/ Third Party Insurance

A third party insurance policy offers coverage for any bodily injury to third party or any damage to the third party property. In event of an accident claims can be raised by the third party for damages, therefore having a third party insurance plan protects you from such costs. It is also mandatory under the Motor Vehicle Act 1988 that all the drivers on the road need to have valid third party insurance at all times.

How does third party insurance work

First party is the insured person, second person is the insurance company and the third person is the victim. In event of an accident, if the third party feels that you are responsible for the damage he/she has suffered, then they might raise a claim against you. If you are having third party insurance policy then insurance company provides coverage against the financial liabilities.

What’s included?

Personal Accident Cover
Personal Accident Cover

We consider customers as our top priority and hence offer a compulsory personal accident cover for 15 lacs to safeguard you against untoward medical emergencies. Read More...

Third Party Liability Person
Third Party Liability Person

Did your vehicle cause injuries to another person? Worry not! Your third-party insurance coverage offer coverage to all your liabilities related to medical needs of a third party.

Third Party Property Damage
Third Party Property Damage

Did you accidentally collide with another person’s vehicle or property? If yes, do not worry as we cover upto Rs. 7.5 lacs towards third party property damages.

As per Supreme Court's recent mandate Compulsory Personal Accident cover is mandatory, without CPA your claim may get rejected.

Order of IRDAI on Premium Rates for Motor Third Party Liability Insurance Cover for the Financial year 2019-20 effective from 16th June, 2019

What’s not included?

Contractual Liabilities
Contractual Liabilities

We offer an all round cover for your two wheeler, however contractual liabilities remain out of coverage for this policy.

War & Nuclear Risks
War & Nuclear Risks

War can be disastrous and leaves a lasting impact,however any damage caused to third party person or property because of war & nuclear risks remains uncovered.

Limitations as to use
Limitations as to use

We highly regret for not covering any claims if your two wheeler has been involved in speed testing, organized racing etc.

Bike Insurance Comparison

  Comprehensive(Single year)Comprehensive(Long Term)  Third Party (Liability Only)
Accidental Damage   
Theft   
Damage due to fire   
Damage due to natural disaster   
Personal Accident cover   
Damage to a third-party vehicle   
Injury to a third-party person   
Zero DepreciationOptional Add-on  
Emergency assistance coverOptional Add-on  

Know what the expert speaks about our two wheeler insurance plans

Mukesh Kumar | Motor Insurance Expert | 30+ years of insurance industry experience
I recommend getting your two wheeler insured from HDFC ERGO, an insurer which has been awarded ISO 9001:2008 certification for Customer Experience Management and Claims Management. With large number (6,800+) of nationwide cashless network garages and overnight repair services, it ensures that customers interests are always at the forefront.

Frequently asked questions

It covers any third party liability which may arise if your vehicle is involved in an accident which results in death or injury of the third party or if the third party property is damaged
Yes,you can buy a third party insurance policy and it is mandatory as per the Motor Vehicle Act. A comprehensive insurance plan offers benefits of a third party covers and also provides coverage for the two wheeler from damages from natural calamities like earthquake,floods,tornadoes and manmade events like riots,arson,civil unrest etc. Although it is not mandatory to buy a comprehensive insurance plan but it is suggested that you buy it as the risks covered are more in this plan.
It is mandatory under the Motor Vehicles Act 1988 that all the two wheelers have third party liability insurance. As per Supreme Court mandate,any two wheeler bought on or after September 1,2019 needs to have a mandatory third party plan of duration of 5 years. You also need to protect your vehicle against any third party liability in terms of death or injury of the third party or any damage to the third party property.
No,you cannot cancel your existing third party policy.
Yes,you can easily buy a third party liability insurance policy online. It is also a preferred option as you would be able to analyze the benefits and features of the plan and check whether they match your insurance requirements.
The premium depends upon the cubic capacity of your vehicle and the premium is decided by the IRDAI.
Third party claims are processed on the basis of the summon received by the court.
It protects your vehicle against any third party liability in terms of death or injury or third party property damage.
If the accident results in damage to any property,then a compensation for the losses occurred to the property are settled. And this is done by the third party insurance cover. As per the IRDA norms,third party property damages are covered up to a sum of Rs.7.5 lakh.
As per the Supreme Court Order,all the two wheelers bought on or after September 1,2019 need to have a long term third party insurance cover of period of 5 years.
The premium depends upon the cubic capacity of your vehicle and the premium is decided by the IRDAI.
One has to approach the insurer to record any changes in the existing policy. Supporting documents with regard to the changes are required to process the request.
Yes,you can get a duplicate insurance policy copy if you follow the following steps 1. You would have to inform the insurer and file a FIR with the nearest police station. The insurer may ask you to place an advertisement in the newspaper either an english one or an vernacular one or both. You should also send a hard copy application requesting a duplicate car insurance policy. You must provide important details in the application including your name,policy number,date when policy was issued,type of coverage,etc. The FIR copy should be submitted along with this application along with the reasons why the documents were lost. Get an indemnity bond which will be affirmed by a notary.
Yes,currently,the GST on third party premium is 18% and it's mandatory for every vehicle owner to buy the TP insurance.
As per the Motor Vehicles Act 2019, the fine for driving without insurance is Rs 2,000 and/or imprisonment of up to 3 months for the first time. For subsequent offence, the penalty is Rs 4,000 and/or jail term of up to 3 months.
When buying car insurance online, the common documents required are proof of identity (any one of these - driver’s license, passport, Aadhar, PAN card, government issued ID card), proof of address (any one - driver’s license, passport, bank or post office passbook, government issued address proof), recent passport size photograph, driver’s license,and registration certificate of the car.
The expired policy can be renewed online. All you have to do is visit the website of the insurer, make a self-survey of your car, and upload the required documents. Once the documents are approved, a payment link would be sent. After the payment is done, your policy will be renewed.
If you have witnessed a significant rise in the insurance premium during renewal, it might be because of loading. Simply put, it is the amount that is added to a policy to cover for losses which were higher than what the insurer was anticipating. This comes into the picture if the policyholder is prone to a certain type of risk or opts for claims quite often. Loading protects insurance companies against high-risk individuals.
Usually, the list is available on the insurer’s website. You can also check with your insurance agent or call the customer care number if you can’t locate it.
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