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Key Features of Shriram Third-Party Bike Insurance

Here are the key features of the Shriram Third-Party bike insurance plan:

  • 01

    Required by Law

    Fulfils legal rules under the Motor Vehicles Act.

  • 02

    Covers Injury or Death to Others

    Pays compensation if another person gets hurt or dies in an accident.

  • 03

    Property Damage Cover

    Pays for damage to someone else’s vehicle, home, or shop.

  • 04

    Low-Cost Premium

    The premium is fixed by IRDAI, so it stays affordable.

  • 05

    Online Buying and Renewal

    Purchase or renew quickly through a digital process.

  • 06

    Legal Expense Cover

    Helps pay court and legal costs for third-party claims.

  • 07

    Good for Basic Protection

    Suitable for riders who want only mandatory insurance.

Bike Insurance Plans By Shriram

What Shriram Third-Party Bike Insurance Covers and Does Not Cover?

 

What it Covers

  • These are the inclusions of Shriram Third-Party bike insurance:

  • Injury to another person

  • Accidental death of a third party

  • Damage to another person’s vehicle or property

  • Legal costs related to third-party claims

What Does it not Cover

  • These are the exclusions of Shriram Third-Party bike insurance:

  • 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 floods, fire, earthquakes, or other natural events

  • Accidents while riding under the influence of alcohol or drugs

  • Riding without a valid driving licence

  • Damage during racing, stunts, or illegal use

  • Mechanical or electrical failure and normal wear and tear

Importance of Shriram Third-Party Bike Insurance

Shriram Third-Party Bike Insurance is important for every rider for these reasons:

  • Needed to Ride Legally

    Indian law requires third-party insurance, and this policy helps you avoid fines or penalties.

  • Protects You from Big Expenses

    If your bike causes harm or damage to someone else, the insurer pays the compensation for you.

  • Supports Legal Matters

    It helps cover court and legal costs if a third-party case is filed after an accident.

  • Affordable for Riders

    The premium is set by IRDAI, making it a low-cost option for most bike owners.

  • Adds Peace of Mind

    Knowing that third-party risks are covered lets you ride with more confidence on the road.

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