HDFC ERGO Third Party Bike Insurance

HDFC ERGO's third-party insurance offers protection against liabilities from accidents involving the insured person's vehicle. Specifically designed for two-wheelers, this insurance covers damages to third-party property, vehicle or persons, including fatalities resulting from accidents caused by the policyholder's vehicle.

Mandated by The Motor Vehicles Act of 1988, every two-wheeler owner must possess third-party bike insurance. Failure to do so is illegal under Indian law, and violators may face penalties from traffic authorities. Purchasing third-party bike insurance from HDFC ERGO is a straightforward and secure process, ensuring the safety of your ride.

How HDFC ERGO Third-Party Bike Insurance Works?

In case your bike is involved in an accident resulting in injury to a third party or damage to their vehicle or property, you are liable for covering the expenses. However, your insurance provider offers financial aid for repairs and other related costs incurred by the third party. It is essential to quickly notify your insurer to initiate a smooth claims procedure.

Following the claim submission, the insurer appoints a surveyor to evaluate the extent of the damage. Based on this survey, the cause of the incident is established. This assessment enables the insurer to determine the repair expenses and assess your eligibility for financial assistance. Upon completion of the verification process, the insurer proceeds to settle your claim accordingly.

Key Metric of HDFC ERGO Third-Party Bike Insurance

Below are some of the key metrics of HDFC ERGO Third Party bike Insurance to look at:

Key Features of Purchasing HDFC ERGO Third-Party Bike Insurance

Here are the key features of obtaining third-party bike insurance from HDFC ERGO:

1. Third-Party Coverage: This insurance is designed to protect against damages and injuries sustained by third parties as a result of your involvement in an accident.
2. Affordable Option: While prices for two-wheeler third-party insurance may vary among providers, HDFC ERGO offers a budget-friendly alternative to comprehensive plans.
3. Instant Policy Issuance: You can quickly acquire your policy online, providing convenience for immediate coverage needs. This feature, commonly known as instant two-wheeler insurance with third-party coverage, ensures protection.

How to Buy HDFC ERGO Third Party Bike Insurance from InsuranceDekho?

Before you purchase a bike insurance policy, kindly ensure you have the following documents with yourself:

1. Registered Mobile Number (for OTP verification)
2. Your KYC Details
3. A Scanned/ physical copy of your passport-size photograph

There are two ways to buy third-party bike insurance from InsuranceDekho - online and offline.

Online

To secure your HDFC ERGO Third Party bike Insurance via InsuranceDekho's online platform, follow these steps:

Step 1: Visit the InsuranceDekho Website

The first step is to go to the official website of InsuranceDekho and access the bike insurance section. Upon reaching the bike insurance homepage, you'll come across a form.

Step 2: Enter Your Vehicle Registration Number (e.g., DLXXAKXXXX)

Fill out the form by providing your vehicle registration number to explore the available insurance plans.

Step 3: Compare and Choose

Evaluate and compare all the displayed plans. Select HDFC ERGO bike Insurance or the most suitable option based on your preferences.

Optional Step: Consult an InsuranceDekho Advisor

Should you have any inquiries or require additional details about a specific insurer, use the "request a call back" feature. An InsuranceDekho advisor will reach out to assist you.

Step 5: Finalise Your Purchase

Confirm your selection and proceed with the payment to finish the purchase process.

Offline

You can buy your policy offline by connecting to an InsuranceDekho customer executive via phone at 7551196989 or by requesting home assistance during a call.

Benefits of Buying Your Bike Insurance from InsuranceDekho

InsuranceDekho ensures to solve all customer queries and provide a seamless insurance buying/renewing process. Some of the advantages of opting us are as follows:

• Certified Broker: With certification from the Insurance Regulatory and Development Authority of India (IRDAI) and over 8 years of industry experience, InsuranceDekho stands as a reputable broker in the insurance domain.
• Trusted Brand: As a part of the esteemed CarDekho Group, having over 15 years of expertise in the motor and auto tech sectors, we prioritise reliability in all our endeavors.
• Comprehensive Offerings: Our extensive insurance portfolio covers a wide range of categories, including bike, motor, term, investment (life), health, travel, SME, POSP, and more, addressing a large section of customer needs.
• Vehicles Insured: With a proven track record of insuring over 50 lakh vehicles, InsuranceDekho provides helpline assistance to attend to customer requirements.
• Dedicated Claim Support: Backed by a dedicated claim support team, InsuranceDekho remains ready in guiding customers through every step of the claim settlement process.

Price

The Insurance Regulatory and Development Authority of India (IRDAI) has established standardised premium rates for third-party insurance. These rates remain consistent across all insurers, irrespective of your chosen provider.

Documents Required to Buy HDFC ERGO Third Party Bike Insurance Policy

Alongside the KYC details, mobile number, and photo documentation specified in the "How to buy HDFC ERGO third-party insurance from InsuranceDekho" guide, you'll be required to furnish your driving licence and vehicle registration certificate to complete the purchase of HDFC ERGO Third Party bike Insurance.

HDFC ERGO Third Party Bike Insurance Claim Process

To facilitate a seamless and effective insurance claim process for a third party, it's essential to follow the detailed steps provided below.

How to File a Claim (Step-by-Step Process)

Here's a detailed guide to initiating a third-party bike insurance claim in India:

Step 1: Lodge a Formal Complaint or File an FIR

Start the process by registering a formal complaint or lodging an FIR (First Information Report) at the nearest police station following an accident. Obtaining a copy of the FIR charge sheet is crucial.

Step 2: Notify Your Insurer

Inform your insurer about the accident and provide them with all the necessary details to initiate the claim process.

Step 3: Proceed to the Motor Accident Claims Tribunal (MACT)

In the event of a road accident, jurisdiction falls under the Motor Accident Claims Tribunal (MACT). Following the lodging of the FIR, the case is transferred to MACT. This specialised court determines and decides the compensation for road accidents.

Step 4: Submit Your Policy Document

Present a copy of your bike insurance policy document to support your third-party insurance claim before the MACT.

Step 5: File a Case with the Tribunal

To pursue the final claim, the third party must file a case with the MACT. Following a thorough review by MACT, compensation is determined based on the nature of the accident and the extent of damage.

Step 6: Document Third-Party Damages

Gather crucial evidence such as photographs, inspection reports, and surveyor's assessments if the accident resulted in damage to a third party's vehicle or property. These documents aid in evaluating the claim value and should be submitted to both your insurer and the MACT.

Step 7: Handle Hospitalisation Expenses and Third-Party Fatalities

For cases involving third-party hospitalisation or fatalities, claims must be made for hospitalisation expenses and death benefits. Compensation for dependents of the deceased is determined based on the deceased's income.

Step 8: Settle the Claim

Following a thorough review and assessment of damages by MACT, the compensation amount is finalised. It's important to note that for bodily injury and third-party fatalities, the compensation must be settled within three years.

Documents Required for 3rd Party Claim

Listed below are the documents required for third-party insurance claim under the HDFC ERGO third-party bike insurance:

• Duly signed third-party insurance claim form
• Copy of FIR
• Your insurance policy document
• The vehicle's registration certificate copy
• Photographs of the damage caused/ accident
• Surveyor’s report

Claim Assistance for 3rd Party Claim

You can choose to obtain claim assistance either directly from your insurer or through InsuranceDekho. InsuranceDekho provides tailored support services, including document verification and assistance with form completion. Reach out to an InsuranceDekho advisor at 7551196989 or via email at support@insurancedekho.com for additional guidance and information.

HDFC ERGO Third Party Bike Insurance Renewals and Cancellations

Renewal Process

To renew your HDFC ERGO third-party bike insurance, please follow the outlined steps below:

Step 1: Access InsuranceDekho

Visit the InsuranceDekho main page dedicated to bike insurance and navigate to the "Support" tab located in the header section.

Step 2: Select Renew Policy

Choose the "Renew Policy" option from the dropdown menu.

Step 3: Verify OTP

Enter your registered mobile number and complete the login process by verifying the OTP.

Step 4: Choose Your Policy

From your dashboard, identify and select the specific policy you wish to renew, focusing on your third-party bike insurance.

Step 5: Review and Adjustments

Review the policy details thoroughly and make any necessary adjustments or modifications as required.

Step 6: Make Payment

Once you've ensured all details are accurate, proceed to make the payment for your policy renewal. Upon successful payment processing, you will receive confirmation. Following this, you can download your updated policy once the renewal process is done.

Cancellations Process

To start the cancellation of your HDFC ERGO third-party bike insurance, it's necessary to inform the insurer in writing. Upon receipt of your notification, the cancellation procedure generally requires approximately 15 days to be finalised.

Following the cancellation by the insurer, you will be issued a confirmation letter outlining any outstanding payments or refunds. Additionally, you will need to collect your insurance certificate from the insurer. This certificate will be essential when procuring a new third-party bike insurance policy.

Covered Vs Not Covered Under HDFC ERGO Third Party Bike Insurance

Here are the inclusions and exclusions under HDFC ERGO Third Party bike Insurance:

Inclusions

Personal Accident Coverage:

Under HDFC ERGO’s third-party bike insurance policy, customers are provided a mandatory Personal Accident (CPA) policy valued at INR 15 lakhs.

Damage to Third-Party Property:

Within its third-party bike insurance coverage, expenses for any damage to third-party property caused by the insured person's vehicle will be covered.

Injury to Third Party:

If a third-party individual sustains injury or, tragically, faces death due to an incident involving the insured person's vehicle, HDFC ERGO extends coverage for medical treatment or any other associated losses.

Exclusions

Depreciation:

Continuous exposure to road conditions leads to gradual wear and tear of your two-wheeler. However, standard depreciation resulting from such wear and tear is not included in HDFC ERGO’s Third Party Cover.

Contractual Liabilities:

While HDFC ERGO’s comprehensive coverage extends to various aspects of your two-wheeler, contractual liabilities remain excluded from this policy's coverage.

War and Nuclear Risk:

Damages incurred by a third party's person or property due to war, nuclear risks, and radioactive contaminations are not covered under third-party bike insurance.

Irresponsible Driving:

In instances where the rider of the insured vehicle causes damage to a third party's person or property and is found to be driving without a valid licence or under the influence of alcohol or drugs, HDFC ERGO will not provide any coverage.

Limitations as to Use:

HDFC ERGO does not cover instances where your two-wheeler has been used in skill trials, organised racing, or speed testing.

Electrical or Mechanical Breakdown:

Accidents resulting from electrical or mechanical breakdown are not eligible for coverage under HDFC ERGO two-wheeler third-party insurance.

The premium for third-party bike insurance is governed by law and remains standardised unless otherwise directed by IRDAI. Across all insurers, the premium price remains fixed and corresponds to the rates listed in the "price" section of this page.

How To Calculate Third-party Bike Insurance Premiums Online?

The premium for third-party bike insurance is determined and upheld by IRDAI, ensuring consistency in pricing. Being a standardised rate, it remains unaffected and constant over time.

HDFC ERGO Third Party Bike Insurance Support

For help with purchasing, renewing, filing claims, or transferring your HDFC ERGO third-party bike insurance, contact an InsuranceDekho customer service representative through:

• Calling on +91-7551196989
• Emailing at support@insurancedekho.com