Why Should You Take Third Party Insurance for Two Wheelers?

On average of six road accidents occur every day in India. This clearly states that the country has many road accidents wherein both parties can suffer injury/damage. Paying for your own vehicle/injuries may not be as stressful as paying for third-party liabilities, and hence, to avoid such stress, you must always have a third-party two-wheeler insurance cover in place.

With a third party bike insurance cover, you can avail of the following benefits-

- Any damage to the third-party vehicle is covered under the plan. So even if you damage someone's vehicle in an accident, you do not have to pay for its repair.

- In case of any injury caused to the third-party individual, the insurer will pay the medical expenses.

- In case of the demise of the third-party individual due to the accident, it is covered under the plan.

- You can avail of no claim bonus based on the terms of your insurance plan

- You can benefit from zero depreciation cover, spare parts and accessories cover, and cover for the pillion rider with you.

- You can avail of the two-wheeler insurance cover for a more extended period of up to 3 years.

One key point to note is that third-party motor insurance is mandatory. Under the Supreme Court 2018 declaration, after which IRDAI made it compulsory for all two-wheelers to have a third-party insurance cover. Hence a third-party insurance cover will also protect you against traffic rule violations.

Additionally, the renewal process for your two-wheelers is very easy as it requires no documentation or inspection. The cover can be renewed online in minutes without paying any extra charges. To know more about third-party insurance cover for both two-wheelers and cars, you can visit Bajaj Finserv’s website, which offers high sum insured at affordable premiums.

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