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.

Read more
Insure bike in 60 seconds
1.1 Crore+ Bikes Insured
Get Two Wheeler Insurance starting at only ₹1.3/day*
Enter bike number (e.g DL1SB1234)
Processing

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.

FAQs

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 50 Reviews)

Two Wheeler insurance articles

Recent Articles
Popular Articles
10 Best Bikes for Long Rides in India 2024

07 May 2024

Are you the one who want to cruise through the winding roads of
Read more
MCWG Driving License in India

01 May 2024

To regulate and ensure safe operation, every motorbike owner in
Read more
9 Tips to Maintain Your Bike's Engine

22 Apr 2024

Since the engine is your bike's heart, it is essential to keep
Read more
Best Engine Oil for Bikes in India 2024

18 Apr 2024

In the fast-paced world of biking, you must ensure your riding
Read more
How to Check Bike Owner Details by Registration Number?

11 Apr 2024

In a world full of different types of two-wheelers, each one has
Read more
Vehicle Owner Details by Registration Number
Vehicle owner details can come in handy in various situations, such as road accidents, cases of reckless driving
Read more
Three Easy Ways to Check Bike Insurance Expiry Date Online
As significant as it is to buy a bike insurance policy for your motorbike, it is equally important to renew it
Read more
How to Check Bike Owner Details by Registration Number?
In a world full of different types of two-wheelers, each one has its unique identity enclosed in its registration
Read more
How to Get Bike Insurance Details by Registration Number?
According to the IRDA, all bike owners must hold at least a third-party bike insurance policy in India. The bike
Read more
Get Your Vehicle Fitness Certificate from RTO
The Fitness Certificate (FC) of a vehicle is an official document that certifies the vehicle is fit enough to run
Read more

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.

^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