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Key Features of New India Assurance Third-Party Bike Insurance
Here are the key features of New India Assurance Third-Party Bike Insurance:
- 01
Legally mandatory cover
This policy fulfils the legal requirement under the Motor Vehicles Act and is compulsory for every bike owner in India.
- 02
Covers third-party injury or death
Provides compensation if your bike causes injury or accidental death to a third person.
- 03
Covers third-party property damage
Pays for damage caused to another person's vehicle or property due to your bike.
- 04
Affordable premium
Comes at a low and fixed premium decided by IRDAI, making it budget-friendly.
- 05
Easy purchase and renewal
Can be bought or renewed online or offline through New India Assurance.
- 06
Legal liability protection
Protects you from legal costs and court liabilities arising from third-party claims.
- 07
Best for basic protection
Ideal for riders who only want mandatory legal cover at a low cost.
Bike Insurance Plans By New India
Inclusions and Exclusions of New India Assurance Third-Party Bike Insurance
What Does It Cover?
Injury to a third person
Covers compensation and medical expenses if someone is injured due to your bike.
Death of a third person
Provides financial compensation in case of accidental death caused by your bike.
Third-party property damage
Pays for damage to another person's property or vehicle.
Legal expenses
Covers legal costs if a third-party case is filed against you.
What It Does Not Cover?
Damage to your own bike
Does not cover the repair or replacement of your bike.
Injury to the owner-driver
Does not cover injuries to the bike owner unless a separate PA cover is taken.
Theft of the bike
No cover if the bike is stolen.
Natural or man-made disasters
Damage due to fire, floods, earthquakes, or riots is not covered.
Drunk or illegal riding
No cover if the rider was under the influence of alcohol or drugs.
Riding without a valid licence
Claims are rejected if the rider does not have a valid driving licence.
Unauthorised use of a bike
No cover if the bike is used for commercial or illegal purposes.
Mechanical or electrical failure
Normal wear, tear, or breakdowns are not covered.