Insurance is like a spare tyre. You may not require it, but not having one is not an option.
  • All You Need To Know About Third Party Insurance For Two Wheelers

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    The Indian government has made having third party insurance for two-wheeler owners mandatory. A third party insurance, to begin with, is basically a form of liability insurance purchased by a person to protect themselves against any claims made by a third party. For example, imagine you happen to meet with an accident and damage a stranger’s vehicle. A third party insurance will protect you against any financial claims the individual makes against you.

    Just to be clear, in this case, the person buying the policy is the first party, insurance company, the second, and any person making a claim is the third party. In this page, you will learn everything about Third Party Insurance.

    What are the Things That Constitute Third Party Insurance?

    Third party liability insurance covers a number of things. Here are a few things it protects you against:

    • Damage to a third party’s property: In case of an accident caused by you,  the insurance policy will cover the damage . However, getting a claim settled in this case is a long drawn-out process. To begin with, you will need to get a surveyor to submit their assessment report which basically lists out the total value of the loss incurred. Also, to expedite the process, you will need to submit all the documents and bills provided by an authorised service station.
    • Injury or death of a third party: In the event of any injury or death due to any accident, you can claim medical expenses, loss of regular income, and also compensation for permanent disability, which you would have to pay the person affected.
    • Accidental death of the two wheeler insured/rider: If an individual dies due to an accident, their nominees are allowed to claim compensation for income lost.
    • Permanent total disability of the insured two wheeler owner: If a permanent disability occurs to the person insured, they can claim for those expenses.

    One thing worth noting here is that a third party insurance doesn’t offer cover against any damage sustained by your vehicle.

    How can One Claim for Third Party Insurance?

    Here’s a process an individual needs to follow to claim third party insurance:

    • Application: Any third party can claim insurance against a two-wheeler owner by first applying for it with the insurance company.
    • Filing a police complaint: Once the application is filed, an FIR needs to be filed at the nearest police station. The FIR should include Information regarding the registration number of vehicles involved, license number of the perpetrator, and name and contact details of a witness.
    • Filing a plaint with the claims tribunal: After filing a complaint, the claiming party needs to file a case with the Motor Accident Claims Tribunal, who are responsible for clearing any claim requests. While filing this request, the claimant should also submit supporting documents to authenticate the claim.
    • Claim settlement: Once the court decides on the amount, all the costs should be borne by the insurance company if any death or injury occurs.

    All in all, third party insurance is a boon for a country like India that witness over 1.5 lakh accidental death every year. If you don’t already have one, you need to get one right away so that you don’t burn through your savings.

    All You Need To Know About Third Party Insurance For Two Wheelers Reviews

  • Page 1 of 50 1 2 3 4 5
    • Bajaj Allianz Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      My two wheeler insurance is with Bajaj Allianz from last 9 months, i am happy with the coverage value of this insurance policy. A premium of Rs 3000 has to be paid for this insurance policy. I have not claimed anything so far from this insurance policy.
      Was this review helpful? 3
      , kolkata
      Reviewed on Jul 13, 2018
    • Reliance General Two Wheeler Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      My bike is insured the Reliance General insurance. I have paid a premium of 4000 for three years, I do not have any claim experience and the policy covers the entire bike. So far it has been a hassle free experience with the policy and I'll have to wait and evaluate their services in future.
      Was this review helpful? 1
      , kochi
      Reviewed on Jul 13, 2018
    • Bajaj Allianz Two Wheeler Insurance
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I was using the Bajaj Allianz bike insurance policy initially. The policy was very good, It was approaching maturity and I changed to a different provider. I do have a claim experience with the policy. The claim process was seamless and hassle free. It is a recommendable bike insurance provider.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 12, 2018
    • Reliance General Two Wheeler Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      My bike is insured with the Reliance general Insurance. I am paying a premium of 1500 year, the policy covers only metal parts. I do not have any claim experience with the policy and so far it has been a smooth experience. I'll have to wait and see about their approach in case if I will have any claims in future.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 12, 2018
    • Bajaj Allianz Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have my two wheeler insured with Bajaj Allianz from last 1.5 years, i am happy with the coverage value of this insurance policy. I have not claimed anything so far from this insurance policy. I am not aware of the premium amount but i am satisfied with the plan benefits of this policy.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 11, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have my two wheeler insured with ICICI lombard from last 8-9 years, i am happy with the coverage value of this insurance policy. I have not claimed anything so far from this insurance policy. I pay a premium of Rs 1200 for this insurance policy.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 10, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      My bike is insured with the ICICI Lombard General Insurance. I pay a premium of 1600 annually. The the policy covers entire bike. I do not have any claim experience with this policy either. So far it has been a smooth experience with their services.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 10, 2018
    • New India Two Wheeler Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      My bike is insured with the New India Insurance company. I pay a premium of 1200 per year, I do not have any claim experience so far and The policy covers the entire bike. I make payments online. Overall it has been a good experience so far.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 10, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Average Policy"
      0.5 1.0/5 "Really Bad"
      I have taken two wheeler insurance from Icici Lombard general insurance . Am satisfied with the premium amount what am paying . I made the payment through on-line for one year. Its an average policy wont be recommending . Their customer service and response is not up to the mark.
      Was this review helpful? 0
      , greater noida
      Reviewed on Jul 10, 2018
    • United India Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I hold a two wheeler insurance with United India Insurance from last 7 years, i pay a premium of approx Rs 800 for this insurance policy and it has to be renewed every year. I have no claim experience so far from this insurance policy and i am happy with the coverage value.
      Was this review helpful? 0
      , guwahati
      Reviewed on Jul 09, 2018
    • Bajaj Allianz Two Wheeler Insurance
      "The Service needs Improvements"
      0.5 2.5/5 "Just OK"
      I've a bike insurance policy with the Bajaj Allianz for which I pay a premium of 1600 per year. I got accident, no service was provided. I am not at all happy with their services. Overall they need to be more customer oriented and provide proper assistance to their customers.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 06, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have my two wheeler insured with ICICI lombard from last 5 years and it is a good policy to use. I have no claim experience so far from this insurance policy. I pay a premium of Rs 850 which has to be paid every year and the coverage value is good in this policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 06, 2018
    • Tata AIG Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have my two wheeler insured with TATA AIG from last 2 years, i am happy with the coverage value of this insurance policy. I have not claimed anything so far from this insurance policy. I paid a premium of Rs 3000 for 3 years at once for this insurance policy.
      Was this review helpful? 1
      , pune
      Reviewed on Jul 06, 2018
    • Oriental Insurance Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a two wheeler insurance policy with Oriental Insurance from last 2-3 years, i am happy with the coverage value of this insurance policy. A premium of Rs 1300 has to be paid every year for this insurance policy. I have not claimed anything so far from this insurance policy.
      Was this review helpful? 0
      , karad
      Reviewed on Jul 05, 2018
    • Reliance General Two Wheeler Insurance
      "Best policy"
      0.5 5.0/5 "Blown Away!"
      I am having a two wheeler insurance policy with Reliance from last 12 years, i am happy with the coverage value of this insurance policy. I have claimed it once and my experience was good. A premium of Rs 900 has to be paid every year for this two wheeler insurance policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 05, 2018
    • Reliance General Two Wheeler Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      My bike is insured with the Reliance general Insurance. It Covers the metal parts. I do not have any claim experience with the policy. I sometimes makes payment online and sometimes visit the branches. So far there hasn't been any issues with their services.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 04, 2018
    • Oriental Insurance Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I hold a two wheeler insurance policy with Oriental insurance from last 1 year, a premium of Rs 900 has to be paid for this insurance policy. I have not claimed anything so far from this insurance policy. I am happy with the coverage value of this insurance policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 03, 2018
    • Bajaj Allianz Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have my two wheeler insured with Bajaj Allianz from last 2 years and it is a good policy to use. I am happy with the coverage value of this insurance policy. I have not claimed anything so far from this insurance policy. A premium of Rs 1200 has to be paid for this insurance policy.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 03, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have my two wheeler insured with ICICI lombard from last 2 years, i am happy with the coverage value of this insurance policy. A premium of Rs 2400 has to be paid every year for this insurance I have not claimed anything so far from this two wheeler insurance policy.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 03, 2018
    • New India Two Wheeler Insurance
      "Good Policy"
      0.5 3.0/5 "Satisfactory"
      I have taken two wheeler insurance policy from New India Assurance and no idea about claim ratio. Their customer service and response is good. Its the good policy for claim purpose . Annually i pay for two wheeler insurance through on-line payments. Still now not faced any issue.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 03, 2018
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