New India Assurance Third-Party Bike Insurance

A third-party bike insurance policy is necessary for all two-wheeler owners as per the Motor Vehicles Act. A third-party bike insurance policy provides basic coverage in case of bodily injuries, demise, and property damage of a third party during a road mishap. All these expenses of the third party during the accident involving the insured two-wheeler are covered by the insurance provider.

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New India Assurance Third-Party vs. Comprehensive Two-Wheeler Insurance

The below table mentions all the major differences between third-party bike insurance and comprehensive bike insurance:

Parameters

Third-party bike insurance

Comprehensive bike insurance

Type

Third-party bike insurance is a general and very basic policy. It comes under the Motor Vehicles Act that covers the basic third party damages

It is an all-inclusive bike insurance that covers a third party and the policyholder, including damage of property, injury, or accidental death.

Details of coverage

The basic third-party insurance covers the general damage or loss of the victim.

Comprehensive insurance takes care of all legal and financial liabilities, arising due to natural and man-made calamities

Add on covers

No additional covers can be added to the third-party insurance

Additional covers such as zero depreciation cover, roadside assistance, etc., can be added

Insurance premium

The premium amount of third-party insurance is relatively cheaper as the coverage is limited

The premium amount is higher as it provides broad coverage

What is covered under the New India Assurance third-party bike insurance plan?

The third-party bike insurance of New India Assurance includes the following coverages:

  • The New India Assurance third-party insurance policy covers any kind of property damage of the third party up to Rs 1 lakh
  • This type of bike insurance also helps the insurance holder to claim for any damage, injury, or demise of the third party due to the insured two-wheeler
  • In situations of damages or injuries, the insurer pays 50% of the coverage. If the third party is affected by severe permanent disability, or damage, or death, the insurance will be obliged to pay complete amount

What is not covered under the New India Assurance third-party bike insurance plan?

The limitations of the third-party policy of New India Assurance are as follows:

  • It only covers liabilities caused to third parties. Own damage is not covered by the policy.
  • The basic third-party insurance plan doesn't insure for the loss or damage caused to the driver of the insured two-wheeler.
  • It won’t provide coverage if the accident was caused due to intoxication or if the driver was without a driving license.
  • It won’t provide coverage for damages occurring in any natural or manmade calamity or in cases of theft.

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New India Assurance Third-Party Bike Insurance Reviews & Ratings

4.8 / 5 (Based on 50 Reviews)
(Showing Newest 10 reviews)
Apoorva
Varanasi, October 09, 2021
Easy to compare
While searching on Google, when I went to the website of the policy bazaar, I saw a lot of plans according to my needs. I wanted to insured my two wheeler and i got new india assurance two wheeler plan here.
Akshat
Faridabad, October 09, 2021
Instant updates
From day one, i always gets prompt updates of everything. i bought new india assurance plan for my bike last year and till now i receive the same service from policybazaar which i used to get earlier. i am happy with my decision to take the plan from here.
Amrutanshi
Meerut, October 09, 2021
Attractive facilities
Thanks to Policybazaar for providing me attractive facilities in my budget. i found a suitable deal for my bike. After going through many plans I bought New India Assurance Two Wheeler Insurance from Policybazaar and got amazing benefits under the same.
Ankit
Rajkot, October 09, 2021
Add on cover
I took new india assurance two wheeler plan from Policybazaar. Everything was quite easy whether it was the purchase process or payment or customizing the plan. With the help of add on cover feature, I made my plan even more better.
Anshika
Vasai Virar, October 09, 2021
Faster claim settlement
Last month my bike got damaged, with the help of my New India Assurance two wheeler plan, I got cashless repairing. i got faster claim settlement through the policy Bazaar. Policy bazaar offers great deals to their customers. Highly recommended.
Ankur
Kalyan Dombivli, October 09, 2021
Suitable plan
Policybazaar took good care of my needs. the team Suggested me bike plans according to my budget. I found everything very easy, be it the renewal process or the purchase process. I took New India Assurance Bike Plan which was suitable according to my pocket.
Shrestha
Meerut, August 18, 2021
budget friendly
i got my best two wheeler plan from the website of policy bazaar. i am happy that i got best plan under my budget. when i visited to their website they have a lot options out of which i chose New India assurance two wheeler plan.
Shivani
Ranchi, August 18, 2021
good benefits
I bought a New india assurance two wheeler policy from policy bazaar. It will give you a third party coverage. you do not need to pay extra charges to buy a policy and i just bought it online within a minute. They will give you 24x7 service.
Shreelakshmi
Faridabad, August 18, 2021
add on covers
i recently bought New India assurance plan for my two wheeler through policy bazaar. i added some extra features under my plan and i got some extra premium like accessories coverage
Kapil
Lucknow, June 04, 2021
Best plan
I recently bought a new bike and was looking for some good insurance company. While going through New India two wheeler insurance plan on policybazaar, I knew I can trust my bikes safety with them. They have one of the best benefits that help us ride worry-free anywhere in the country.