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Cholamandalam Third Party Bike Insurance

Cholamandalam General Insurance has been assisting thousands of people during the unforeseen incidents of life. Cholamandalam third party bike insurance policy helps the policyholders in meeting the statutory mandate of the law. It provides basic coverage by taking care of the financial and legal liabilities of the insured’s bike towards the third party.

With the Cholamandalam third party bike insurance, policyholders can avoid the expense of any damage or loss caused to the third party caused by the insured’s bike. Cholamandalam General Insurance has set up an online portal and an active help desk to ensure maximum assistance and hassle-free experience to the policyholders.

Cholamandalam Third Party Bike Insurance vs Comprehensive Bike Insurance

Basis

Third Party Bike Insurance

Comprehensive Bike Insurance

Coverage

The third party bike insurance policy provides coverage for the legal and financial liabilities towards the third party only.

The comprehensive bike insurance policy covers the third party liabilities as well as own damage incurred by the insured’s bike.

Nature of Requirement

Indian Motor Tariff Act has made this policy a mandatory requirement.

This policy depends on personal preference and requirement. Therefore, it is optional.

Add-ons Availability

The third party bike insurance policy does not offer any add-on option to the policyholders.

The comprehensive bike insurance policy comes with a wide range of add-on options for the policyholders.

Cost

This policy is cost-effective for the policyholders as it provides basic coverage.

The extensive coverage provided by this policy makes the premium relatively higher.

What All Is Covered Under Cholamandalam Third Party Bike Insurance Policy?

Cholamandalam third party bike insurance policy provides coverage for the following:

  • Financial liabilities of third party property damage: The third party policy covers the expense of any third party property damage caused by the insured’s bike. The insurer compensates third party property damage up to Rs. 1 Lakh.
  • Bodily injuries/loss of life of the third party: Any bodily injuries, disability or loss of life of the third party caused in any mishap involving the insured’s bike gets compensated by the insurer under this policy. The compensation amount is decided as per the court of law.

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

The third party insurance plan gives coverage only for limited events, which covers damages and losses of only a third party. Following are the points that are not covered under this plan:

  • No cover is given for damages incurred by the insured’s bike
  • No optional personal accident cover is offered to policyholders
  • No compensation offered for injuries caused due to accident or mishap.

Explore Cholamandalam Bike Insurance

Must Read Articles before buying Cholamandalam Bike Insurance

Cholamandalam Bike Insurance User Reviews

4.9
Rating based on
155 User reviews
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What users are saying
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  • Transparent Renewal Costs

    I appreciated the transparency in the renewal costs of the Chola MS Bike Insurance Policy for my Hero bike presented by InsuranceDekho. There were no hidden fees or unexpected charges. What I saw in the renewal quote is what I paid.

    Read More

    V
    By Vinit Chauhan
    On: November 15, 2023
  • Trustworthy Own Damage Partner...

    I trust InsuranceDekho as a trustworthy partner for own damage bike insurance for my Kawasaki bike. Their commitment to policyholders of the Chola MS Bike Insurance Policy and professionalism set them apart.

    Read More

    By Ajay Srikant
    On: October 17, 2023
  • Transparent Billing at Cashles...

    The transparency in billing at InsuranceDekho's cashless garages is commendable. There were no surprises, and I knew exactly what was covered under the Chola MS Bike Insurance Policy. A trustworthy choice to insure my Ampere bike.

    Read More

    A
    By Abihishek Pandey
    On: September 20, 2023
  • Ideal for New Car Owners

    For new bike owners, InsuranceDekho's zero depreciation Chola MS Bike Insurance Policy is ideal. The policy did preserve my investment and provided complete peace of mind when it came to my newly purchased KTM bike.

    Read More

    R
    By Ravi Dubey
    On: September 15, 2023
  • Prompt Claim Settlement for Ow...

    I had to file a claim for the Chola MS Bike Insurance Policy for my own damage to my Kawasaki bike, and InsuranceDekho settled it promptly. Their efficiency made a challenging situation much easier to handle.

    Read More

    S
    By Shree Srivastav
    On: September 13, 2023
  • Transparent Renewal Costs

    InsuranceDekho's renewal process is transparent, with clear details about costs and coverage for my Suzuki bike. I'm confident I'm getting the best value for my Chola MS Bike Insurance Policy renewal.

    Read More

    K
    By Kabir Wadhwa
    On: September 11, 2023
  • Holistic Approach to Protectio...

    InsuranceDekho's Comprehensive Coverage that comes along with the Chola MS Bike Insurance Policy takes a holistic approach to the protection of my Suzuki bike. From covering damages to third-party liabilities, it ensures all aspects are accounted for.

    Read More

    By Priyal Das
    On: September 5, 2023
  • Reliable Partnerships

    I recently bought the Chola MS Bike Insurance Policy for my Vespa bike from InsuranceDekho and added the Cashless Garages benefit to it. And I must say that there is a testament to their reliable partnerships. The quality of repairs and service at these garages has consistently exceeded my expectations.

    Read More

    S
    By Sameer Sayyed
    On: September 1, 2023
  • Value-Retaining Protection

    The Zero Depreciation Car Policy with InsuranceDekho’s Chola MS Bike Insurance Policy ensures my BMW bike’s value is retained over time. I don't have to settle for reduced claim amounts due to depreciation.

    Read More

    L
    By Lanchen Yoshi
    On: August 29, 2023
  • Third-party insurance

    I read several excellent and informative articles about third-party insurance while looking to renew my Chola MS Bike Insurance Policy for my Suzuki bike on the InsuranceDekho website. I was relieved to have added that to my policy. It secured my vehicle against property damage by any third person.

    Read More

    S
    By Saurabh Bajpai
    On: August 25, 2023
Cholamandalam Reviews

Cholamandalam Third Party Bike Insurance FAQs

  • Will the Cholamandalam third party bike insurance policy provide any coverage outside the geographical area?

    The coverage of every policy is limited to a predecided geographical area. The Cholamandalam third party bike insurance policy does not provide coverage for any damage or loss occurred outside the predetermined geographical area.

  • Does this policy cover loss of income due to the physical disability of the third party?

    Yes, the Cholamandalam third party bike insurance policy provides compensation for the loss of income of the third party due to physical disability.

  • How can I get the quote for my Cholamandalam third party bike insurance policy?

    You can easily get the quote of Cholamandalam third party bike insurance policy online. You have to go to their official website. Then click on the “GET A QUOTE” option and fill in the registration number of your bike.

  • Can I stretch the coverage of Cholamandalam third party bike insurance policy?

    No, you can not stretch the coverage of the Cholamandalam third party bike insurance policy under any circumstances. For extensive coverage, you can opt for the Cholamandalam comprehensive bike insurance policy.

  • How can I pay the premium of Cholamandalam third party bike insurance policy?

    You can pay the premium of the Cholamandalam third party bike insurance policy in the following ways:

    • Log in to the official website and make the payment using debit card, credit card or net banking
    • Visit the nearest branch along with the policy documents.
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