Two Wheeler

Buy/Renew Two Wheeler Insurance Online at ₹457*

  • Instant Policy
  • Best Prices
  • No Paperwork
or

Got A New Two Wheeler

By clicking on 'View Plans', you agree to our Privacy Policy & Terms of use

  • Hassle-Free Buying ProcessHassle-Free Buying Process
  • 24*7 Customer Support24*7 Customer Support
  • Compare Different Plans EasilyCompare Different Plans Easily
  • Add-ons for CustomisationAdd-Ons for Customization
Compare & Save upto 85%*

On Two Wheeler insurance

*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. Home
  2. Motor Insurance
  3. Bike Insurance
  4. Companies
  6. Third Party
MagmaThird PartyComprehensiveStandalone Own DamageZero DepreciationClaimRenewalPolicy DownloadCustomer Care

Key Features of Magma Third-Party Bike Insurance

Here are the main features of Magma General Insurance Third-Party Bike Insurance:

  • 01

    Mandatory by Law

    Meets the legal requirement under the Motor Vehicles Act for riding a bike in India.

  • 02

    Covers Third-Party Injury or Death

    Pays compensation if your bike causes injury or accidental death to another person.

  • 03

    Covers Third-Party Property Damage

    Pays for damage caused to someone else’s vehicle, house, shop, or other property.

  • 04

    Affordable Premium

    Comes at a low cost, as the premium is fixed by IRDAI.

  • 05

    Easy Online Purchase and Renewal

    Allows quick buying and renewal through an online process with no paperwork.

  • 06

    Legal Cost Protection

    Covers legal expenses related to third-party claims.

  • 07

    Best for Basic Coverage

    Suitable for riders who only want mandatory insurance at a low price.

Bike Insurance Plans By Magma

Inclusions and Exclusions of Magma Third-Party Bike Insurance

 

What it Covers

  • Injury to a third person

  • Accidental death of a third person

  • Damage to another person’s vehicle or property

  • Legal expenses related to third-party claims

What Does it not Cover

  • Damage to your own bike

  • Injury to the rider or owner (without personal accident cover)

  • Theft or total loss of the bike

  • Damage due to fire, flood, earthquake, or other natural disasters

  • Accidents caused while riding under the influence of alcohol or drugs

  • Claims when riding without a valid driving licence

  • Damage during racing, stunts, or illegal use

  • Mechanical or electrical breakdown and normal wear and tear

Importance of Magma Third-Party Bike Insurance

Here are the key reasons why Magma Third-Party Bike Insurance is important:

  • Mandatory for Legal Riding

    Third-party bike insurance is required by law in India. This policy allows you to ride your bike legally and avoid penalties.

  • Reduces Financial Burden

    If your bike causes injury, death, or property damage to another person, the policy pays the compensation on your behalf.

  • Handles Legal Responsibilities

    It covers legal and court-related costs if a third-party claim is made after an accident.

  • Low-Cost Insurance Option

    The premium is fixed by IRDAI and is usually affordable for most bike owners.

  • Gives Confidence While Riding

    Knowing that third-party risks are covered helps you ride with peace of mind.

Insurance News Insurance Articles