Owning a two-wheeler gives you more than just mobility; it gives you the freedom to travel on your own terms. But with this freedom comes responsibility. One of the most important things you need to do as a bike owner is to keep your insurance active and up to date.
In India, a third-party bike insurance policy is not only important, but it’s also legally mandatory. If your current policy is about to expire, don’t wait till the last minute. Renewing your bike insurance on time ensures you stay protected and avoid legal penalties.
What Is Third-Party Bike Insurance?
Third-party bike cover protects you from legal or financial liability if your bike causes injury or property damage to others. While it doesn’t cover your own bike, it’s mandatory under Indian law and helps you stay safe, responsible, and legally compliant.
For instance, if you hit someone’s car or injure a pedestrian, this insurance covers their loss or medical bills.
Why Timely Renewal Is Important?
Many people delay renewing their bike insurance, thinking, “I’ll do it next week.” But even a small delay can cause major issues. Once your policy expires, your bike isn’t covered, and riding without insurance can lead to legal trouble. If an accident happens during this gap, you’ll have to bear all costs yourself.
That is why it is so important to complete two wheeler insurance renewal online, especially third-party cover, before it expires. The good news is that with reputed insurers like TATA AIG General Insurance Company Limited, you can now renew your policy in minutes, without any paperwork and enjoy the benefit of cashless repairs at 4500+ cashless garages.
How to Renew Third-Party Bike Insurance Online?
Here’s a step-by-step breakdown of how you can renew your insurance quickly:
- Visit your insurer’s website and go to the two-wheeler insurance section.
- Select third-party cover and enter your bike and personal details.
- Review coverage, premium, and add-ons.
- Click on renew and choose a payment method.
- Get your policy instantly via email.
What Does Third-Party Bike Insurance Cover?
This policy is designed to help you when your bike causes damage to others. Here's what’s typically covered:
- Bodily Injury, disability or death of a third party
- Damage to third-party property or vehicle
- Legal expenses related to third-party claims
- Personal accident cover for the owner-driver
What’s Not Covered?
Let’s understand what factors a third-party insurance does not cover:
- Damage to your own bike
- Theft or total loss of your vehicle
- Fire or natural disasters
- Injuries to the bike owner (unless covered under a personal accident add-on)
- Accidents caused while riding under the influence or without a valid licence
- Use of the bike for racing or commercial purposes
If you need protection for your own bike, consider switching to a comprehensive policy at renewal.
How to Calculate the Premiums of Third Party Cover?
The cost of your third-party cover depends mostly on your bike’s engine capacity. The Insurance Regulatory and Development Authority of India (IRDAI) sets these rates.
Here are the latest standard annual premium rates:
| Engine Capacity | Annual Premium |
| Up to 75 CC | ₹538 |
| 75 CC – 150 CC | ₹714 |
| 150 CC – 350 CC | ₹1,366 |
| Above 350 CC | ₹2,804 |
For example, if you own a 125cc bike, your third-party cover for the year will cost ₹714.
And if you're buying a brand-new bike, remember: a 5-year third-party insurance is mandatory. The cost for that is also fixed based on your engine capacity, so no surprises there either!
Compensation Offered in Case of Accidents
Here’s a quick look at the standard compensation allowed under third-party insurance policies:
| Nature of Injury | Compensation % |
| Death | 100% |
| Loss of both eyes or two limbs | 100% |
| Loss of one eye or one limb | 50% |
| Permanent or total disability | 100% |
Actual claim amounts may vary depending on legal judgment and policy terms.
Why Renewing Online is a Smart Choice?
Renewing bike insurance online offers:
- Quick policy quotes and easy comparisons
- Instant confirmation without paperwork
- Secure digital payments
- No queues or delays
- Instant policy documents via email and WhatsApp
Final Thoughts
Keeping your third-party bike cover valid isn’t just a legal requirement. It’s a smart way to stay financially protected on the road. Letting your policy lapse, even for a day, can result in serious consequences if an accident occurs. Thankfully, renewing your two-wheeler insurance online is now fast, simple, and completely hassle-free.
With trusted insurers like Tata AIG General Insurance Company Limited, you can renew your bike insurance in just a few clicks. No paperwork, no long queues. Stay protected, stay responsible, and keep riding with peace of mind.
Disclaimer: No Business Standard Journalist was involved in creation of this content