New India Assurance Third-party Two-Wheeler Insurance

To drive on Indian roads, all two-wheeler owners are required by the Indian government to carry Third-Party bike insurance for their motorcycles or scooters under the Motor Vehicles Act of 1988. Following the first of September 2018, scooters and bikes must have third-party two-wheeler insurance in place for at least five years. The Third-Party Bike Insurance’s terms and conditions state that any harm to the bike’s insured party’s property, vehicle, or person, including bodily injury or death, is covered.

The third-party bike insurance guards the vehicle’s owner against financial damage he would have to endure while covering his legal obligations to the third party. If you are looking for this insurance, then you can easily consider the New India Assurance third-party two-wheeler insurance.

New India Assurance third-party two-wheeler insurance (also known as Liability Only Policy) offers essential protection in the event of a third party’s physical harm, death, or property damage as a result of a traffic accident. The third-party bike insurance by the New India Assurance enables customers to comply with the Indian Motor Tariff’s legal requirements. Furthermore, it gives policyholders peace of mind by freeing them of the responsibility for the third party’s financial and legal obligations.

The liability is insured for an unlimited sum for death or injury and damage to third-party property for INR 7.5 lacs under commercial vehicles and INR 1 lakh for scooters/motorcycles with third-party bike insurance from New India Assurance.

Here is the list of the features and benefits of the third-party two-wheeler insurance by the New India Assurance. 

Affordable:

Compared to comprehensive insurance, which protects third parties and all hazards, this type of third-party bike insurance by the New India Assurance is more economical. Therefore, third-party two-wheeler insurance is favoured by the majority of bike owners.

Avoid Penalties:

According to traffic regulations, it is prohibited to ride a bike without third-party bike insurance by the New India Assurance. Either you will have to pay a fine or serve time in jail.

Legal Implication:

You are protected by bike insurance from a variety of dangers, including both man-made and natural disasters. For example, if an accident leads to the death of a third party, the insurance coverage will prevent you from becoming involved in a criminal investigation and assist in providing financial support to the deceased.

Ensures Peace of Mind:

Having long-term third-party bike insurance by the New India Assurance in place gives you peace of mind if an accident or other unexpected roadside incident utterly destroys your financial status. You don’t need to stress about unforeseen costs because you can simply recover.

Convenient Renewal Processes:

You may buy or renew your New India Assurance third-party bike insurance coverage online from the comfort of your home with just a few clicks. The process is quick and easy because of the web platform’s user-friendly interface. Bring on a smooth digital experience and wave goodbye to paperwork.