NEW INDIA THIRD PARTY BIKE INSURANCE

The New India Insurance-

The New India insurance company is under the ownership of the Ministry of Finance Government of India. The company has 10,669 working employees and its headquarters is in Kolkata, India. The New India Assurance is India’s one the oldest company which was founded on 5 –Dec 1906.

The New India Insurance third party bike Insurance policy-

This is liability-only coverage. This insurance covers third-party liability for bodily injury, death, and property damage. Personal Accident Insurance is also included for the owner-driver.

Key benefits of buying The New India Insurance third party insurance policy.

-Policy covers policyholders from unfortunate events to the third party.

-Any injuries to the third person in an accident also get covered.

-Death of the third person by the insured also does not affect the policyholder.

-Property damage of the third person in case of accident also gets covered.

-Policyholder eligible to legally drive his bike on road.

-Comes at a low premium.

Coverage in The New India InsuranceTP bike insurance Policy-

-Coverage against loss of vehicle or theft of the vehicle.

-Permanent disabilities and injuries to a body covered under policy terms.

-Coverage up to 1lac in case of third-party property damage.

-Unfortunate death of the third party also gets covered under the policy terms. The compensation amount will be decided on factors such as the income of the third party, his age.

How to purchase Third party bike insurance of The New India Insurance?

Step 1. Go to the online website of https://quickinsure.co.in/

Step 2. Click on bike insurance

Step 3. Enter your REGISTRATION no. According to your RC

Step 4. You will find a quotation for bike insurance from New India insurance and other insurers.

Step 5. You can select the quotation of The New India Insurance and fill out the proposal form.

Step 6. Pay the premium amount and get your policy on your Email.

Exclusions in The New India InsuranceTP bike insurance policy.

-A third-party bike insurance coverage will not cover claims deriving from contractual obligations.

 -Claims from loss or damage caused by war, or warlike situations are also not covered by the insurer.

-Claims under drunk and drive case got rejected.

-If you are using the vehicle for other than the stated purpose, then the case gets excluded.

-Failure of the mechanical or electrical systems

Frequently asked questions-

1)Who gets compensation in case of a third party's death?

The family of the third party gets compensation in case of third parties death.

2)Who gets cover under the policyholder's death in bike TP policy?

Nominee gets up to 15lac cover after the death of policyholder under policyholders death in bike TP policy

3)Can I drive only with third-party insurance in India?

Yes, If you only have third-party insurance, you are eligible to drive a bike in India.

4) Can I get third-party policy protection, if I drive a bike at high speed?

No, you are not eligible for the cover.

5) Can I get coverage for the failure of the mechanical or electrical system?

No, you are not eligible for the coverage if your bike has mechanical or electrical system failure.