Tata AIG Third Party Bike Insurance
A Third-party bike insurance policy provides financial protection in case your bike causes damage to any third-party Read More
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If you don't have an active third-party two-wheeler insurance policy, you may need to pay heavy fines. Throughout the years, Tata AIG General Insurance has maintained a good record in providing its policyholders with third-party bike insurance policies. Basically, it works like a layer of protection for the insured bikes against the financial and legal liabilities of the third party. Tata AIG third-party insurance covers any injury or damage caused to the third party and the third party's property by the insured bike. Thus, the Tata AIG third-party bike insurance plan helps an individual to have a tension-free riding experience.
Tata AIG Third Party Bike Insurance vs Comprehensive Bike Insurance Policy
| Features | Third Party Bike Insurance | Comprehensive Bike Insurance |
|---|---|---|
| Coverage | Covers third-party liabilities (bodily injury, death, and property damage). | Covers third-party liabilities and damages to your own bike (accidents, theft, natural disasters, fire, etc.). |
| Own Damage Protection | Not included. | Included. |
| Personal Accident Cover | Covers injury or death of the policyholder in an accident. | Covers injury or death of the policyholder in an accident. |
| Premium Cost | Lower premium compared to comprehensive insurance. | Higher premium due to broader coverage. |
| Optional Add-ons | Not available. | Various add-ons available (e.g., zero depreciation, roadside assistance, etc.). |
| Legal Requirements | Mandatory by law in India. | Optional but highly recommended for complete protection. |
| Protection Against Thefts | Not included. | Included. |
| Natural Disaster Coverage | Not included. | Included. |
What is Covered and Not Covered in Tata AIG Third Party Bike Insurance Plans
Covered
Here are some elements that you can get with third-party bike insurance from Tata AIG:
Provides financial help for damage to third parties' property.
Covers bodily injury or death of the third party.
Not Covered
Some aspects that are not covered under Tata AIG Third Party Bike Insurance Plans are:
Does not cover injuries to the policyholder.
Does not cover damages to the policyholder's bike.
Optional personal accident plans for policyholders are not included.
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