How is third-party two-wheeler insurance premium determined?

The premium depends on the vehicle category, engine capacity, applicable tariff and policy term. Obtain a current quote for the specific vehicle.

Can I upgrade to comprehensive two-wheeler insurance?

You can explore a comprehensive package policy or suitable own-damage cover, subject to insurer eligibility and the terms of the new policy.

ICICI Lombard Third-Party Two-Wheeler Insurance

Third-Party Two-Wheeler Insurance Overview

ICICI Lombard Third-Party Two-Wheeler Insurance provides cover for eligible legal liabilities arising when an insured motorcycle or scooter causes injury, death or property damage to another party. Third-party motor insurance is generally mandatory for two-wheelers used on public roads in India. This policy type does not cover accidental damage or theft of the insured bike or scooter. Applicable liability provisions, exclusions and claim conditions are governed by law and the issued policy.

Liability protection for third-party motor claims

Expert Review of Third-Party Two-Wheeler Insurance

Third-party insurance is intended to meet legal liability requirements rather than cover damage to your own two-wheeler. Before purchasing, verify the vehicle details, engine capacity, policy duration and premium shown in the quote. For a new two-wheeler, check the applicable long-term third-party requirements. If you need protection for your own vehicle against accidents or theft, compare a comprehensive package policy or a suitable standalone own-damage policy.

Pros

Provides the third-party liability cover generally required for two-wheelers used on public roads in India.
Covers eligible third-party bodily injury and death liabilities under applicable law.
Can suit owners primarily seeking third-party liability protection.

Cons

Does not cover accidental damage to the insured bike or scooter.
Does not provide own-vehicle theft protection under third-party-only cover.
Own-damage add-ons are not part of this third-party-only policy type.

About ICICI Lombard (Insurer Profile)

ICICI Lombard

Key Insights

Founded

2001

ICICI Lombard was established 25 years ago and has built strong credibility over time, backed by its long-standing presence in the market.

Claims Experience

97.9% CSR, calculated as a 3-year average

ICICI Lombard settles 97.9% of all claims it receives, demonstrating strong credibility.

Contact Details

1800 2666

Headquarters: ICICI Lombard House, 414, Veer Savarkar Marg, Near Siddhi Vinayak Temple, Prabhadevi, Mumbai - 400025, India

Third-Party Two-Wheeler Insurance Features and Benefits

Third-party bodily injury

Covers eligible legal liability for bodily injury caused to a third party by the insured two-wheeler.

Subject to applicable law and policy terms.

Third-party death liability

Provides cover for eligible legal liability arising from the death of a third party in an insured motor incident.

Claim assessment follows applicable legal procedures.

Third-party property damage

Covers eligible liability for damage caused to third-party property.

Applicable limits and legal provisions govern the claim.

Legal liability protection

Provides protection against covered third-party motor liability claims under the issued policy.

Policy conditions and exclusions apply.

Policy documentation

The policy schedule records vehicle details, policy period and applicable cover.

Review the schedule when the policy is issued.

Own-vehicle damage not covered

Damage to the insured motorcycle or scooter is not covered under third-party-only insurance.

Consider comprehensive or standalone own-damage cover if required.

What Third-Party Two-Wheeler Insurance Does Not Cover (Exclusions)

Conditions or treatments that the policy clearly says it will not cover.

Damage to the insured bike or scooter is not covered by third-party-only insurance.
Claims outside the scope of insured third-party legal liability are not payable under this cover.
Policy exclusions, legal restrictions and claim conditions specified in the issued documents apply.

Disclaimer: For illustration purposes only - exact terms are in the policy wording.

What's missing in Third-Party Two-Wheeler Insurance

Own-damage protection must be arranged separately if you want cover for damage to your own vehicle.
Check whether applicable personal accident cover is already held separately or needs to be arranged.
Verify the policy duration and any applicable third-party property damage limits.

Third-Party Two-Wheeler Insurance FAQs

What does third-party two-wheeler insurance cover?

It covers eligible legal liability for third-party injury, death and property damage caused by the insured two-wheeler, subject to applicable law and policy terms.

Does third-party bike insurance cover my own vehicle?

No. Third-party-only insurance does not cover damage to or theft of your own bike or scooter.

Is third-party two-wheeler insurance mandatory in India?

Third-party motor insurance is generally legally required for two-wheelers used on public roads in India. Check that the policy is valid for your vehicle and intended use.