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A third-party bike insurance policy is mandatory for all two-wheeler owners in India. The policy name is derived from its elementary coverage benefiting the third-party victim with compensation for bodily injury, disability, or even death, caused by the insured bike in an accident. This bike insurance policy also compensates for third-party property damage up to INR 7.5 lakh, hence keeps you protected from legal and financial liabilities.
This policy offered by Future Generali keeps you mentally at peace as you are financially secured against all legal liabilities. It also saves you from paying hefty fines as riding your bike without this mandatory policy is illegal in India.
When it comes to filing a claim, it's simple, stress-free, and straightforward with Future Generali third-party bike insurance
. Fill out an online form or phone their toll-free number. Your vehicle will be inspected by the surveyor. Provide the surveyor with the proper documents. The amount of the approved claim is notified to the workshop. The payment will be made directly.
Parameters | Third-party Policy | Comprehensive Policy |
Coverage | It only provides coverage against third-party property damage of up to INR 7.5 lakh and third-party injury/death coverage. | A comprehensive policy protects the insured against own damages and also covering all third-party obligations. |
Add-ons | The third-party liability coverage does not allow to include add-ons. | A comprehensive policy comes with multiple add-ons covers. |
Cost | It is quite affordable due to its basic coverage. | It is quite expensive due to its extensive coverage. |
Necessity | This policy is mandatory to buy. | This policy is compulsory to buy. |
You can purchase third party policy of Future Generali bike insurance online by following a few steps.
The following things are covered by the Future Generali third-party bike insurance policy:
The following things are not covered by the Future Generali third-party policy:
Yes, the Future Generali offers the mandatory personal accident coverage of up to INR 15 lakh.
No, you can not add legal liability for paid drivers as an add-on to a third-party liability automobile insurance policy to cover such legal responsibilities.
Future Generali third-party two-wheeler insurance policy has no coverage for any accidents or mishaps that occur outside of the predetermined geographic area.
The Insurance Regulatory and Development Authority of India (IRDAI) sets the premium for third-party bike insurance. It is based on the vehicle's engine capacity (cc) and is updated yearly.