🛵 TYPES OF BIKE INSURANCE PLANS IN INDIA motor insurance policy

1️⃣ Third-Party Bike Insurance (Mandatory)

1️⃣ Third-Party Bike Insurance (Mandatory)

1️⃣ Third-Party Bike Insurance (Mandatory)

✅ Covers:

Legal liability towards third parties
Injury/death of a third person
Damage to third-party property

❌ Does NOT cover your bike’s own damage
📝 Required by law under the Motor Vehicles Act

2️⃣ Comprehensive Bike Insurance

1️⃣ Third-Party Bike Insurance (Mandatory)

1️⃣ Third-Party Bike Insurance (Mandatory)

✅ Covers:

All third-party liabilities
Damage or loss to your own bike due to accident, fire, theft, natural disasters
Option to add extra protection (add-ons)

✔️ Highly recommended for complete peace of mind

3️⃣ Standalone Own-Damage Insurance

1️⃣ Third-Party Bike Insurance (Mandatory)

3️⃣ Standalone Own-Damage Insurance

✅ Covers:

Only your vehicle's own damage/loss (not third-party)
📝 Can be bought only if you already have a third-party policy