HDFC ERGO Third-party Bike Insurance Policy

Third-party bike insurance is the primary and mandatory two-wheeler insurance policy HDFC ERGO General Insurance Company offers. This policy covers the cost of damages caused to the third party by an insured bike in a road accident. Moreover, as per the Indian Motor Tariff, holding at least a third-party policy for all motor vehicle owners is compulsory.

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Benefits of Buying HDFC ERGO Third-party Bike Insurance Policy

Despite its limited coverage, there are several benefits of HDFC ERGO third-party bike insurance, which are explained below-

  • Firstly, it provides legal and financial assistance by covering the policyholder's liabilities in the event of bodily injury, death, or property damage caused to a third party.
  • The third-party bike policy is easy to purchase and renew online, saving time and avoiding hassle.
  • It is also cost-effective, offering affordable premiums while providing essential legal and financial support in times of crisis.

HDFC ERGO Third-party Versus Comprehensive Bike Insurance Policy

To give you an insight about how third party is different from comprehensive bike insurance policy, here is a table-

Point of Basis Third-party Bike Insurance Comprehensive Bike Insurance
Coverage Covers third-party financial and legal liabilities Covers both own-damage and third-party liabilities
Add-on Covers Unavailable Available
Nature of Requirement Mandated by law Optional cover
Insurance Premium Affordable Relatively expensive as it gives extensive coverage

Inclusion of HDFC ERGO Third-party Bike Insurance Policy

The HDFC ERGO third-party bike insurance policy offers coverage to the policyholders in the following instances-

  • Coverage for personal damages to third parties, such as bodily injuries or death caused in an accident, which involves the insured's two-wheeler.
  • Coverage for property damage incurred by a third party, up to Rs. 1 lakh.

Exclusions of HDFC ERGO Third-party Bike Insurance Policy

The third-party bike insurance plan is an essential & mandatory coverage, which does not offer any coverage to its policyholder in the following cases-

  • No coverage for the own damages to the insured two-wheeler.
  • No coverage if the policyholder is caught driving without a valid license or under the influence of alcohol.
  • No coverage for incidents occurring outside the geographical scope of the policy.
  • No coverage for damages caused by riots, vandalism, war, or radioactive contamination

FAQs about HDFC ERGO Third-party Bike Insurance

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 55 Reviews)

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HDFC ERGO Third-party Bike Insurance Policy Reviews & Ratings

4.4 / 5 (Based on 55 Reviews)
(Showing Newest 10 reviews)
Juhi
Habra, January 29, 2021
Easy to Renew
The two wheeler insurance policy for my TVS Apache bike was getting expired. I decided to give Policybazaar a try and was happy with the services they offered. I only had to enter a few details and my policy was renewed within no time. Even the payment was made online which made the process convenient. Recommend to all.
Latika
Trichy, January 29, 2021
Impressive Services
I was looking to buy two wheleer insurance for my Bajaj Pulsar bike. My sister suggested to try Policybazaar and I was happy with the plan options they had. I was able to choose HDFC ERGO plan as it suited my budget and offered my preferred coverage. The premium was easily paid online and I received my policy quickly. Happy with the services.
Pooja
J.n.prasad, January 29, 2021
Faster Process
I recently purchased an HDFC ERGO two wheeler insurance at Policybazaar for my TVS Jupiter scooty. They had several options from different insurance companies. I could compare them all based on their premium and the coverage benefits. I found HDFC ERGO most suitable and purchased it within a few minutes.
Ashi
Aallapalli, July 02, 2020
24 hours policy
Recently, I purchased the two wheeler policy from policybazaar and it was immediate basis. Everything was done vey quickly and within a day my policy related work was done.
Shahid
Faizabad, July 01, 2020
Satisfied
I want to share my experience with hdfc ergo and policybazaar. Both the companies are very good with respect to plans and services.
Sukesh
Adoor, June 30, 2020
Transparency
I purchased the two wheeler policy from policybazaar and they are very transparent to their work. They told me each and every thing related to the policy. I am happy.
Vinit
R.g.pur, June 29, 2020
Great Coverage
The coverage and the benefits provided in the policy is very nice. It covers major things which actually a policyholder wants.
Pracheen
Agartala, June 29, 2020
Easy and quick renewal
I like the system of renewal of policy. It was real quick. And also I got the notifications from policybazaar for the renewal.
Rakesh
Chabhal, June 21, 2020
Pay online
With the help of digitization I can purchase the policy from anywhere and I can make the payment at anytime. Thanks team.
Shyam
Machalisahar, June 21, 2020
Low prices
As I searched for the two wheeler policy plan from policybazaar website I came to know that it provide low premium rate. Compared and found best plan.

^The renewal of insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for a transaction may vary subject to additional data requirements and operational processes.

^The buying of Insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for transaction may vary subject to additional data requirements and operational processes.

#Savings are based on the comparison between highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI-approved insurance plan. Standard T&C apply.

*Rs 538/- per annum is the price for third party motor insurance for two wheelers of not more than 75cc (non-commercial and non-electric)

#Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*₹ 1.5 is the Comprehensive premium for a 2015 TVS XL Super 70cc, MH02(Mumbai) RTO with an IDV of ₹5,895 and NCB at 50%.

*Rs 457/- per annum (1.3/day) is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial). Premium is payable on an annual basis