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Bike Insurance Plans

Vehicle registration number is required. Invalid registration number.Sample: DL-01-KY-3053
Previous Insurer is required.
Previous Policy Number is required.
Old quotation number is required. Invalid quotation number.Sample: PIBLMTRTW000000000000000

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. 

What are the Benefits of Third-party Two Wheeler Insurance Offered by Shriram?

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.
Type of injuryScale of Compensation

Permanent total disablement from injuries

other than those named above.


Loss of two limbs or sight of two eyes or

one limb and sight of one eye.

Loss of one limb or sight of one eye50%

General Exclusions of Shriram Third-party Two Wheeler Insurance

As said previously, this is only a third-party liability motor insurance policy. It does not offer the benefits of a comprehensive two-wheeler insurance policy. Therefore, the general exclusions of this policy are mentioned below.

  • If any damage occurs to the insured vehicle, then the company will not take any liability for that.
  • If the driver of the vehicle is driving under the influence of alcohol, or any intoxicating substance and for that the accident occurs and a third-party gets injured, then the insurer does not take any responsibility.
  • If the driver is driving the two-wheeler without any valid document such as without a driving licence, or learner’s licence, then also your claim against this policy will be cancelled.
  • If the accident takes place outside the geographical area mentioned in the policy schedule, then also the insurer will not be liable for any reimbursement.
  • If your private two-wheeler is used for any other purpose that is not mentioned in the policy wordings, then this third-party two-wheeler liability only of Shriram Insurance will not cover that.

Frequently Asked Questions

There are more than 2,000 cashless garages under this company spread across India.

No Claim Bonus (NCB) is not available under the 3rd Party Two-wheeler Insurance. Only the comprehensive motor policies have this facility.

The Third-Party Bike Insurance premium is determined by IRDAI. It is based on the two-wheeler’s engine capacity. This is the only driving factor beyond the third-party two-wheeler liability-only insurance plan.