TATA AIG Third-Party Bike Insurance

Third-party bike insurance by TATA AIG General Insurance Company Limited protects the insured bike against the liabilities of third parties resulting from an accident. It provides financial coverage for any injury or damage caused by the insured bike to a third party or his/her property. The policyholder can easily avoid the unexpected expenses due to any third party accidental liabilities by buying this policy.

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TATA AIG Third-Party Bike Insurance vs Tata AIG Comprehensive Bike Insurance

Take a look at the differences between third party bike insurance and comprehensive bike insurance by Tata AIG Two Wheeler Insurance below:

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Tata AIG Third-Party Bike Insurance

Tata AIG Comprehensive Bike Insurance

Coverage

This is the basic cover that protects the policyholder financially against any third-party liabilities only.

Comprehensive bike insurance covers the policyholder against third party injuries/damages and the own damages to the bike.

Legal Requirement

The cover is legally mandatory for all two-wheelers by the Indian Motor Vehicles Act, 1988.

This policy is not compulsory by the law.

Add-on Covers

Add-on covers are not available under this policy.

Multiple add-on covers, such as engine protector, zero depreciation, etc. are available, which the bike owner can choose as per his/her requirement.

Premium Cost

The policy is more cost-effective owing to the limited coverage provided to the policyholder.

This policy is comparatively high priced owing to the extensive coverage offered by it.

What is Covered under TATA AIG Third-Party Bike Insurance Plan?

The TATA AIG third-party bike insurance policy covers the following:

  • Bodily Injuries- This type of bike insurance covers the physical injuries caused to the third party in case of an accident of the insured bike.
  • Property Damages - This policy provides financial assistance of up to Rs 1 lakh to the policyholder for causing property damages to a third party during an accident.
  • Death Benefits- In case of death or permanent disability caused to the third party as a result of an accident of the insured bike, the victim’s family will be paid compensation. The amount of compensation is finalized by the Motor Accidents Claims Tribunal. The Tata AIG General Insurance Company will also provide full financial assistance to cover the medical expenses.
  • Personal Accident Cover– The policy also provides personal accident cover of up to Rs 15 lakh to the owner-driver of the bike. However, the policyholder can opt-out of this cover if he/she already has an existing PA cover.

What Does the Tata AIG Third Party Bike Insurance Plan Not Cover?

Here are the things that are not covered by the TATA AIG third-party insurance:

  • TATA AIG bike insurance third-party coverwill not provide coverage for the own damages of the insured two-wheeler.
  • The wear and tear of the bike will not be covered.
  • Consequential loss of the bike will not be covered.
  • Mechanical breakdown of the bike will not be covered.

Check the complete list of exclusions by referring to the policy document of Tata AIG third party bike insurance.

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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 36 Reviews)

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TATA AIG Third-Party Bike Insurance Reviews & Ratings

4.8 / 5 (Based on 36 Reviews)
(Showing Newest 10 reviews)
Ish
Bhubaneswar, October 09, 2021
Excellent service
If I talk about my experience with Policybazaar, it has been great so far. It has been a long time since I am using the Tata aig bike plan that I bought from Policybazaar. I have received excellent service since the beginning. Completely satisfied with my plan
Divyansh
Jalandhar, October 09, 2021
Remarkable services
I have received noteworthy services from Policybazaar during the renewal of Tata aig plan which I bought for my bike last year. This was the first renewal so I was not aware of the process. So I took the help of a customer service executive for the renewal.
Ramlal
Kolkata, October 09, 2021
Financial support
Thanks to Policybazaar for giving a great suggestion. i got financial assistance when my bike got damaged. Policybazaar provided me all the facilities, which were promised when I was taking Tata aig Two Wheeler Insurance from here.
Sriram
Dhanbad, August 18, 2021
Easy to manage
Policy bazaar offered me a great deal for my vehicle. I bought Tata AIG two wheeler policy which was easy to buy online.policy bazaar has easier payment method which is quite good. i liked the proffesionalism and supportive nature in the team. i found easy to manage with the policy bazaar.
Pratul
Moradabad, June 04, 2021
Comprehensive cover
I recently bought Tata AIG two wheeler insurance after comparing it with five other plans. I was able to do so through policybazaar. Everything went very smoothly and I got comprehensive coverage for me and my bike. Thank you Tata AIG and policybazaar.
Mudit
Hardoi, June 04, 2021
Insurance company change
Last year I changed my two wheeler insurance company to Tata AIG. It was an easy process for getting good benefits and better claim settlement ratio. Thank you policybazaar for assisting.
Ashish
Jaipur, June 04, 2021
No claim bonus
Three years ago I bought Tata AIG bike insurance plan and I have been renewing it since then. I also received no claim bonus last year. Thank you policybazaar for your easy online services.
Nolan
J.n.prasad, October 12, 2020
More exposure
I have insured my two wheeler with the help of tata aig two wheeler insurance policy from the policybazaar. I have got to know about different plans and the policies. Thank you policybazaar.
Shreshta
Vadgaon, September 28, 2020
Natural calamities
I have taken the tata aig two wheeler insurance policy from the policybazaar. It has given me the coverage related to natural calamities and other things. Thank you team policybazaar.
Sahdev
Quilandy, September 24, 2020
Best plans
I have recently got the taat aig two wheeler insurance policy from the policybazaar. It is really amazing plan which I got. Thank you team policybazaar.

^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