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HDFC ERGO Third party Bike Insurance
Third-party bike insurance is the primary and mandatory two-wheeler insurance policy HDFC ERGO General Insurance Company offers. This policy covers the cost of damages caused to the third party by an insured bike in a road accident. Moreover, as per the Indian Motor Tariff, holding at least a third-party policy for all motor vehicle owners is compulsory.
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HDFC ERGO Bike Insurance
- HDFC ERGO Third party Bike Insurance
Benefits of Buying HDFC ERGO Third-party Bike Insurance Policy
Despite its limited coverage, there are several benefits of HDFC ERGO third-party bike insurance, which are explained below-
- Firstly, it provides legal and financial assistance by covering the policyholder's liabilities in the event of bodily injury, death, or property damage caused to a third party.
- The third-party bike policy is easy to purchase and renew online, saving time and avoiding hassle.
- It is also cost-effective, offering affordable premiums while providing essential legal and financial support in times of crisis.
HDFC ERGO Third-party Versus Comprehensive Bike Insurance Policy
To give you an insight about how third party is different from comprehensive bike insurance online, here is a table-
| Point of Basis | Third-party Bike Insurance | Comprehensive Bike Insurance |
| Coverage | Covers third-party financial and legal liabilities | Covers both own-damage and third-party liabilities |
| Add-on Covers | Unavailable | Available |
| Nature of Requirement | Mandated by law | Optional cover |
| Insurance Premium | Affordable | Relatively expensive as it gives extensive coverage |
Explore Hdfc Ergo Bike Insurance
Inclusion of HDFC ERGO Third-party Bike Insurance Policy
The HDFC ERGO third-party bike insurance policy offers coverage to the policyholders in the following instances-
- Coverage for personal damages to third parties, such as bodily injuries or death caused in an accident, which involves the insured's two-wheeler.
- Coverage for property damage incurred by a third party, up to Rs. 1 lakh.
Exclusions of HDFC ERGO Third-party Bike Insurance Policy
The third-party bike insurance plan is an essential & mandatory coverage, which does not offer any coverage to its policyholder in the following cases-
- No coverage for the own damages to the insured two-wheeler.
- No coverage if the policyholder is caught driving without a valid license or under the influence of alcohol.
- No coverage for incidents occurring outside the geographical scope of the policy.
- No coverage for damages caused by riots, vandalism, war, or radioactive contamination
FAQs about HDFC ERGO Third-party Bike Insurance
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Q1. What is the limitation of HDFC ERGO third-party bike insurance?
Ans: The HDFC ERGO third-party bike insurance policy does not offer any coverage for the own-damages caused to the two-wheeler. -
Q2. What if I do not buy mandatory third-party liability insurance?
Ans: Riding your two-wheeler without third-party insurance is illegal in India, and you will be attracted towards a penalty of Rs. 2,000 and/or imprisonment of 3 years.
Two Wheeler Third-Party Insurers
Bajaj Allianz Third Party Bike Insurance
Digit Third-Party Bike Insurance
ICICI Lombard Third Party Bike Insurance
IFFCO Tokio Third Party Bike Insurance
Liberty Third Party Bike Insurance
National Third Party Bike Insurance
New India Assurance Third Party Bike Insurance
Oriental Third Party Bike Insurance
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Bike insurance companies
Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
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Read more^The renewal of insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for a transaction may vary subject to additional data requirements and operational processes.
^The buying of Insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for transaction may vary subject to additional data requirements and operational processes.
#Savings are based on the comparison between highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.
*TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI-approved insurance plan. Standard T&C apply.
*Rs 538/- per annum is the price for third party motor insurance for two wheelers of not more than 75cc (non-commercial and non-electric)
#Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.
*₹ 1.5 is the Comprehensive premium for a 2015 TVS XL Super 70cc, MH02(Mumbai) RTO with an IDV of ₹5,895 and NCB at 50%.
*Rs 457/- per annum is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial).The list of insurers mentioned are arranged according to the alphabetical order of the names of insurers respectively.Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
