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

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.