If third-party insurance was ice-cream, it would be vanilla flavoured. This is because it is the most basic form of protection you can buy for your two-wheeler. Even by law, third party insurance is the minimum amount of protection you need to have to legally ride your bike in India.
These plans do not offer any coverage against damages & total loss of your vehicle. They only cover damages & injuries that are suffered by third parties in an accident in which you are at fault or involved in. Besides this, third party insurance also provides personal accident cover. This component of protection offers you a payout of up to Rs. 15 lakh for grievous injuries or death caused due to an accident.
However, the upside of third party bike insurance is that it is extremely affordable. The premiums for these plans start from as low as Rs. 482 per year. This is relatively less as compared to comprehensive plans that will cost a lot more!
Therefore, if you’ve made up your mind on purchasing this form of protection for your bike, the following article will make your life easier by highlighting the simple steps to buy third party bike insurance online.
- Open up your search engine.
The internet has made everything extremely easy, including the purchase of insurance. All you have to do is open up your web browser, head to a search engine and type ‘third party bike insurance online’. You should see several options appear on the screen within seconds. Mostly the prices will remain relatively similar across all insurance companies. However, you can still compare plans to see which one is giving you the best deal.
- Fill in your information.
Once you finalize on an insurance provider, just visit their website, find the ‘buy third party insurance online’ button and click on it. Within a couple of seconds, you will be redirected to a form. This will ask for some basic information regarding the bike and also some personal details. Once you’ve filled all these details, you can proceed to the payment. Choose your preferred mode of transaction, transfer the money and that’s it.
- Print the policy documents and keep it in your bike.
Once you make the payment, the policy document will be emailed to you. Make copies of it and keep one copy in your vehicle. It is mandatory to have a copy with you at all times. You can even upload a copy of your policy document into the DigiLocker app.
Additional options:
You can choose to go for long third party bike insurance online. These plans offer up to 5 years of protection with one single payment. They also allow you to forget about renewing your plan year after year. You could also opt to increase the personal accident cover of your policy.
You can do this is you are the sole breadwinner and wish to have additional protection for your family in case something were to happen to you while riding your bike.
We hope this article will help you make all the right decisions and ensure you can buy third party bike insurance online, smoothly, and like a pro. Good luck and ride safe!
