Key Features of National Insurance Third-Party Bike Insurance

• Here are the key features of National Insurance Third-Party Bike Insurance:Legally Mandatory Cover This policy meets the legal requirement under the Motor Vehicles Act and is a must for every bike owner in India.Affordable Premium The policy is offered at a low and fixed price set by IRDAI, making it budget-friendly.Easy Purchase and Renewal You can easily buy or renew the policy online or through authorised agents.Covers Third-Party Property Damage Pays for damage to someone else's vehicle or property caused by your bike.Covers Third-Party Injury or Death It provides compensation if your bike causes injury or accidental death to another person.Legal Liability Protection It protects you from legal costs and court fees if you're held responsible for third-party claims.Best for Basic Protection Ideal for riders who only need the mandatory legal cover at an affordable price.

What is Covered Under a National Third-Party Bike Insurance Policy?

• National Third-Party Bike Insurance covers:Third-Party Property Damage If your bike causes damage to someone else's property, the insurance will cover the cost. It provides coverage for up to Rs. 1 Lakh of damage.Third-Party Injury or Death If your bike causes injury or death to someone, the insurance will give compensation. The exact amount is decided by a court.

What is Not Covered Under National Third-Party Bike Insurance?

• National Third-Party Bike Insurance has limited coverage. Here's what it does not cover:Injuries to the Policyholder It does not cover injuries to you (the bike owner).Damage to Your Own Bike The insurance does not pay for any damage to your own bike.Personal Accident Coverage for the Policyholder It does not include personal accident insurance for the bike owner.Disclaimer: The inclusions and exclusions mentioned above are for reference purposes only and may vary. Please refer to your specific policy document for the exact terms, coverage, and exclusions applicable to your plan.