Cholamandalam Third Party Bike Insurance Policy

Cholamandalam Third Party Bike Insurance Policy is made to cover various legal liabilities that you face if your bike causes damage Read More

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Premium coverage starts at ₹ 457*

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This protection makes sure that you are financially protected against any claims made by a third party for the damage caused by your bike. While third-party insurance does not cover the damages that are caused to your own bike, it provides affordable and important safety coverage. Chola MS third-party bike insurance provides a simple process that helps you in purchasing and renewing this policy, making sure that you are protected from various third-party liabilities.

Cholamandalam Third Party Comprehensive Standalone Own Damage Zero Depreciation Claim Renewal Premium Calculator Policy Download Customer Care

Chola MS Third Party Bike Insurance v/s Comprehensive Bike Insurance

Features	Chola MS Third Party Bike Insurance	Chola MS Comprehensive Bike Insurance
Coverage	Covers damage to third-party property or injuries	Covers third-party liability, own bike damage, and personal injuries
Legal Requirement	Mandatory as per Indian law	Optional but recommended for full protection
Own Bike Damage	Not covered	Covered for accidents, theft, fire, and natural disasters
Personal Injury Coverage	Not covered	Covered under personal accident add-ons
Third-Party Liability	Covers third-party property damage and injury claims	Covers third-party property damage and injury claims, plus own damages
Premium Cost	Lower compared to comprehensive insurance	Higher due to broader coverage
Add-On Covers	Not available	Available (e.g., zero depreciation, return to invoice, etc.)
Theft Protection	Not covered	Covered under a comprehensive policy
Natural Disasters	Not covered	Covered (e.g., floods, earthquakes, etc.)
Accidental Damage	Not covered	Covered for own vehicle

What is Covered and Not Covered in Chola MS Third Party Bike Insurance

Inclusions (What is Covered):Covers third-party property damage caused by your bike.Covers legal liabilities due to injuries or death of a third party in an accident.Financial protection for third-party claims in case of an accident involving your bike.Fulfils the mandatory legal requirements for riding a bike in India.Exclusions (What is Not Covered):Damage to your own bike in case of an accident.Theft or loss of your bike.Personal injuries to the bike owner/rider.Damages caused due to natural disasters (floods, earthquakes, etc.).Damage due to man-made disasters like riots or vandalism.If the accident occurs while breaking traffic rules or riding under the influence of alcohol or drugs.Consequential damages or mechanical/electrical breakdowns.