Is third-party insurance mandatory?

Third-party motor insurance is mandatory for vehicles used on public roads in India. The applicable policy must remain valid.

Does this policy cover theft?

Theft cover is generally part of eligible own-damage or package protection, subject to policy terms. Liability-only cover does not insure theft of the insured vehicle.

Can I add optional covers?

Optional covers may be available depending on the policy and insurer rules. Check availability and extra premium in the official quote.

Is there a fixed premium for every bike?

No. The premium varies with vehicle and policy details. Use the insurer’s quote for the actual payable amount.

Where can I read the official policy details?

Visit New India Assurance’s official two-wheeler insurance page and review the relevant policy wording before purchase.

New India Assurance Two Wheeler Liability Only Policy

New India Assurance Two Wheeler Liability Only Policy Overview

The New India Assurance Two Wheeler Liability Only Policy is designed to cover the policyholder’s eligible legal liability towards third parties arising from an insured motor accident. It covers third-party bodily injury or death and property damage within the applicable policy limits. It does not provide own-damage protection for the insured bike or scooter.

Covers eligible legal liability for third-party bodily injury, death and property damage, subject to policy terms.

Expert Review of New India Assurance Two Wheeler Liability Only Policy

This policy focuses on third-party legal liability and is not a substitute for own-damage insurance. Confirm the applicable third-party limits, owner-driver personal accident requirements and policy conditions in the issued quote and wording.

Pros

Provides the type of motor protection described in the selected policy.
Premium can be evaluated using vehicle-specific details and the insurer quote.
Official policy wording is available for checking terms and conditions.

Cons

Premium cannot be accurately stated without the relevant vehicle details and quote.
Deductibles, exclusions and claim conditions can affect the payable claim amount.
The liability-only policy does not cover damage to the insured vehicle.

About New India Assurance (Insurer Profile)

New India Assurance

Key Insights

Founded

1919

New India Assurance was established 107 years ago and has built strong credibility over time, backed by its long-standing presence in the market.

Claims Experience

93.8% CSR, calculated as a 3-year average

New India Assurance settles 93.8% of all claims it receives.

Contact Details

1800 209 1415

Headquarters: 87, M.G. Road, Fort, Mumbai – 400 001, Maharashtra, India

New India Assurance Two Wheeler Liability Only Policy Features and Benefits

Core policy protection

Third-party liability

Coverage is subject to the issued policy wording.

Vehicle-specific premium

Premium is calculated using applicable vehicle and policy details.

Check the insurer’s quote for the payable amount.

Policy terms and exclusions

Claims are assessed under the applicable policy conditions, exclusions and deductibles.

Read the policy wording before purchase.

Insured value and limits

Applicable insured value and liability limits depend on the type of policy.

Confirm these details in the final quote.

Claim documentation

Claims require relevant documents and compliance with the insurer’s claim process.

Report incidents promptly as required by the policy.

Optional protection

Additional covers may be available subject to insurer rules and payment of extra premium.

Confirm availability for the selected policy.

What New India Assurance Two Wheeler Liability Only Policy Does Not Cover (Exclusions)

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

Losses excluded by the applicable policy wording are not covered.
Driving without a valid licence or using the vehicle contrary to policy conditions may affect claims.
Normal wear and tear and mechanical breakdown are generally not covered as accidental damage.

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

What's missing in New India Assurance Two Wheeler Liability Only Policy

Check applicable limits, deductibles and optional covers before purchasing.
Confirm whether separate owner-driver personal accident cover is required.
The standalone own-damage policy requires valid third-party insurance separately.

New India Assurance Two Wheeler Liability Only Policy FAQs

What does this policy cover?

It covers eligible third-party bodily injury, death and property damage liability within applicable limits. It does not cover own damage to the insured vehicle.

Who can purchase this policy?

Eligibility depends on the vehicle, registration details and insurer underwriting requirements. Check the official quote and policy wording.

How is the premium calculated?

Premium depends on the policy type and relevant vehicle details. For own-damage cover, factors can include IDV, vehicle age, engine capacity and selected add-ons.