Royal Sundaram Third Party Bike Insurance
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Royal Sundaram Third Party Bike Insurance
Royal Sundaram General Insurance is one of the leading insurance companies that have been providing third party bike insurance to the policyholders over the years. Third party bike insurance acts as a shield for the policyholders against financial and legal liabilities of the third party.
With the Royal Sundaram third party insurance policy, a policyholder can avoid expenses required to pay for compensating a third party for damages caused by his/her bike. The insurer provides coverage for damage of third party property or vehicle, injury, disability and loss of life. The Royal Sundaram third party bike insurance policy helps the policyholders stay protected against any unforeseen events. Thus the policyholders can remain stress-free on the road.
Royal Sundaram Third Party Bike Insurance vs Comprehensive Bike Insurance
Basis | Third Party Bike Insurance | Comprehensive Bike Insurance |
Coverage | It covers the financial and legal liabilities of the third party that occurred due to any unpredictable events involving the insured’s bike. | It provides coverage for the financial and legal liabilities of “Third Party” as well as “Own Damage”. |
Nature of Requirement | As per the Indian Motor Tariff, it is a statutory requirement. | It is optional and depends on personal preference. |
Add-ons Availability | This policy does not come with any add-on. | This policy offers a variety of add-ons to the policyholders. |
Cost | The limited coverage offered under this policy makes it cost-effective. | This policy has a relatively higher premium due to the maximum coverage it offers. |
What All is Covered Under Royal Sundaram Third Party Bike Insurance Policy?
The Royal Sundaram third party bike insurance policy provides coverage for the below-mentioned factors.
- Financial liabilities of third party property damage - Any damage caused to the third party property due to an accident or mishap involving the insured bike gets covered under the Royal Sundaram third party bike insurance policy.
- Bodily injury/loss of life of third party - The Royal Sundaram third party bike insurance provides complete or partial compensation for any bodily injury or loss of life of the third party caused by the insured bike. The amount of compensation is decided as per the court of law.
What All Is Not Covered Under Royal Sundaram Third Party Bike Insurance Plan?
The third party insurance plan provides limited coverage for bike insurance. Following are some points that are not covered under the third party bike insurance policy:
- No optional personal accident cover is offered
- No coverage for damages incurred by the insured’s bike
- No compensation for injuries sustained by the policyholder.
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Royal Sundaram Third Party Bike Insurance FAQs
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How can I get the Royal Sundaram third party bike insurance policy?
You can get the Royal Sundaram easily in the following steps:
- Visit the official website of Royal Sundaram bike insurance
- Fill up the personal details
- Click on the “third party” option
You can also dial the number 022-50061082 for buying a new policy or call their toll-free number 1860-425-0000.
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Does the Royal Sundaram third party bike insurance provide coverage for any damage caused to the insured’s bike?
The Royal Sundaram third party bike insurance policy does not provide coverage for any damage or loss caused to the insured owner or bike. Own-damage cover is provided under comprehensive and standalone own-damage plans.
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How can I contact the insurer in case of any third party injury?
You can dial the toll-free number 1800-425-0000 or visit the website of Royal Sundaram bike insurance and fill up the ‘Get a call back’ section. The insurer should be informed immediately after the accident or mishap.
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Can I extend the coverage of third party bike insurance?
The coverage of Royal Sundaram third party bike insurance policy cannot be extended under any circumstances. For availing maximum coverage you can opt for the Royal Sundaram comprehensive bike insurance policy. You can transfer from the third party bike insurance to the comprehensive bike insurance in the middle of the tenure or at the time of renewal for availing the maximum coverage.
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