Shriram Third-party Two Wheeler Insurance

If you are an owner of a two-wheeler then it is mandatory to have a third-party liability-only insurance policy according to the Motor Vehicle Act of India. Shriram Insurance Company has come up with the Third-party Two-Wheeler insurance plan that is cost-effective and also safeguards one from the legal liabilities arising out of third-party. It offers basic financial and legal coverage to the insured bike. The company has come up with an online purchasing process. Therefore, one can buy this policy online and their customer executives will always be there to help you out throughout the buying process. 

Here are the important benefits.

• If the insured two-wheeler meets an accident that results in death or bodily injury to the third-party, then the company will compensate for that.

• If the property of the third-party gets damaged due to an accident caused by the insured vehicle, then also a certain compensation will be given from the insurer as per the rule. The company will not provide any compensation if the property of the insured person is affected.

• The company may arrange for representation at any fatal injury that is related to any death that involves the insured two-wheeler.

• The company can also undertake at its wish to represent the insured person in a court of law if it is necessary.

• The following scale is determined in terms of the scale of compensation if the owner-driver of the two-wheeler sustains any bodily injury or death due to an accident that involved the insured vehicle.