Bajaj Allianz Third Party Bike Insurance

Bajaj Allianz General Insurance is one of the leading insurance companies that has provided third party bike insurance to thousands of people over the years. It shields its policyholder from all the financial and legal liabilities of the third party arising due to damage caused by the insured’s bike.

Bajaj Allianz General Insurance provides a basic package under third party bike insurance plan. It is a cost-effective way to deal with unforeseen events in life without any worries. This insurance provides coverage for the damage of property or vehicle, bodily injuries, disability or loss of life of the third party. It provides you with freedom from stress caused due to the unpredictable events of life.

Bajaj Allianz Third Party Bike Insurance vs Comprehensive Bike Insurance

Bajaj Allianz Third Party bike insurance provides coverage for the following:

• Death or bodily injuries to a third party that happen due to an accident involving the policyholder's two-wheeler.
• Property damage to the third party.
• All expenses incurred in accordance with the insurance company’s written consent.
• Any other person driving the two-wheeler but only with the consent of the policyholder.
• Personal accident cover for the policyholder or the driver directly connected to the insured two-wheeler. The following shall be covered under such circumstances:
  • Accidental Death of the policyholder/driver
  • Loss of limbs or sight of the policyholder/driver
  • Total or permanent disability caused due to an injury

What All Is Not Covered Under Bajaj Allianz Third Party Bike Insurance Plan?

A third party bike insurance policy is necessary to be carried by every bike owner. Being a basic insurance cover, it provides limited insurance coverage. Below are some crucial points which are not covered under the third party bike insurance policy:

1. Cost of damages to the policyholder’s two-wheeler.
2. An injury to policyholder/driver regardless of the injury during an accident that does not involve a third party.
3. Damages to the two-wheeler may arise due to regular wear and tear or natural calamities.

Key Benefits of Purchasing Bajaj Allianz Third Party Bike Insurance

Although a third party bike insurance policy is mandatory to be owned by every two-wheeler owner, it may offer limited coverage but can be very beneficial in times of crisis. Below mentioned are some benefits of purchasing a Bajaj Allianz Third Party Bike Insurance policy:

1. Legal and Financial Assistance: Third party two-wheeler provides a compensation for the policyholder's legal liabilities in the event of death/disability to any third party and any damages to property of the third party and this type of policy also provides monetary assistance in difficult times. In such scenarios legal and financial burden on the policyholder is eased with the help of a third party insurance policy.
2. Peace of Mind: This type of two-wheeler insurance policy gives the policyholder a sense of peace of mind. Having this policy will give the policyholder a peace of mind that in case of a mishap he/she has legal and financial assistance and the traffic policy would not penalise him for not having a third party insurance policy as a third party insurance policy is mandatory for every two-wheeler owner.
3. Affordable: Two-wheeler third party insurance policies are affordable as they provide limited coverage. The insurance policy is quite affordable and can provide legal and financial assistance in times of dire requirements.