Shriram Third-Party Bike Insurance

Shriram Third-Party Bike Insurance is a basic and compulsory policy for all bike owners in India. It is needed to ride legally on the road. This plan Read More

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Premium coverage starts at ₹ 457*

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It helps handle legal and financial matters after an accident, so you do not face high costs alone. This policy does not pay for repairs to your own bike. It is best for riders who only want legal cover at a low price.

Shriram Third Party Comprehensive Standalone Own Damage Zero Depreciation Claim Renewal Policy Download Customer Care

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.

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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

Disclaimer: Always refer to your policy documents to know the exact coverage.

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.