Owning a bike in India is both convenient and economical, but with this convenience comes responsibility. As per the Motor Vehicles Act, 1988, every bike owner must have at least a third-party insurance policy to ride legally on Indian roads.
This policy ensures that if your bike causes injury, death, or property damage to a third party, you’re financially protected from those liabilities. Without it, you can face penalties, legal action, or even suspension of your driving license.
Thankfully, buying third-party bike insurance online has become incredibly simple and fast. No paperwork, no middlemen, and no long waiting periods, you can get your policy issued instantly from the comfort of your home.
In this article, we will walk you through how to buy third-party bike insurance online easily, explain its benefits, and share expert insights to help you make the right choice in 2025.
What Is Third-Party Bike Insurance?
Third-party bike insurance is a mandatory two-wheeler insurance policy that provides coverage for:
- Bodily injury or death of a third party caused by your vehicle
- Damage to another person’s vehicle or property
However, it does not cover damages to your own bike or personal injuries.
This policy acts as a financial safeguard against liabilities you may incur toward others due to accidents involving your two-wheeler.
Why Third-Party Bike Insurance Is Mandatory
Under Section 146 of the Motor Vehicles Act, every motor vehicle owner in India must have valid third-party insurance. Riding without it is a punishable offense, with penalties that include:
- Fines up to ₹2,000 for first-time offenders
- Imprisonment up to 3 months for repeated violations
Beyond legal compliance, third-party insurance is essential for financial and moral responsibility, ensuring that victims of accidents receive due compensation without burdening the rider.
Key Features of Third-Party Bike Insurance
- Legal Compliance – Mandatory for all two-wheelers in India.
- Covers Third-Party Liabilities – Includes injury, death, or property damage.
- Affordable Premiums – Costs less compared to comprehensive insurance.
- Easy to Buy Online – Instant issuance with minimal details required.
- Policy Tenure Options – Choose annual or long-term (3 or 5 years) plans.
Step-by-Step Guide to Buy Third-Party Bike Insurance Online
Let’s go through the simple process to buy your third-party bike insurance online easily in 2025:
Step 1: Visit a Trusted Online Platform
Go to a reputable digital insurance marketplace or insurer website, such as Square Insurance.
These platforms allow you to compare third-party policy options, view premiums, and make secure payments, all within minutes.
Step 2: Enter Basic Bike Details
Provide the following information:
- Registration number
- Make, model, and variant of the bike
- Year of manufacture
- Fuel type (petrol, electric, etc.)
- Previous policy number (if renewing)
This helps the system generate an accurate quote for your policy.
Step 3: Review the Policy Coverage
Read through the policy inclusions carefully.
A third-party policy covers:
- Injury or death of a third person
- Damage to third-party property (up to ₹1 lakh for private bikes)
- Personal accident cover for the bike owner-driver (optional add-on)
Understanding your coverage ensures no surprises during claims.
Step 4: Compare Premiums and Choose a Plan
Even though the premium for third-party insurance is regulated by the Insurance Regulatory and Development Authority of India (IRDAI), comparing options can help you find better service and additional benefits.
Platforms like Square Insurance let you compare multiple insurers side-by-side before purchasing.
Step 5: Enter Personal and Contact Details
Fill in your:
- Name, mobile number, and email address
- Address
- Nominee details (if applicable)
Ensure all details are correct, errors can delay your policy issuance or claim process.
Step 6: Make Online Payment
Once everything is in order, proceed to payment using secure methods such as:
- Credit/Debit card
- UPI
- Net banking
After payment, your e-policy is instantly generated and sent to your registered email. You can download and save it for future reference.
Step 7: Keep Your E-Policy Handy
A digital copy of your insurance policy is accepted by traffic authorities under Digital India guidelines. Always keep it saved on your smartphone for easy access.
Benefits of Buying Third-Party Bike Insurance Online
Buying your policy online has numerous advantages, especially in today’s digital era. Here’s why more riders are making the switch:
-
Instant Policy Issuance
No more paperwork or agent follow-ups. Get insured instantly in just a few clicks.
-
24x7 Availability
You can purchase or renew your policy anytime, even on weekends or holidays.
-
Transparent Comparison
Online platforms show all options clearly, helping you make an informed choice.
-
Secure and Paperless Process
Your data and payments are encrypted, ensuring complete security.
-
Cost-Effective
No middlemen or hidden fees, direct purchase from insurers often means better pricing.
How Much Does Third-Party Bike Insurance Cost?
The IRDAI determines the premium rates for third-party insurance based on your bike’s engine capacity. For 2025, here’s a general overview:
|
Engine Capacity |
Annual Premium (Approx.) |
|
Up to 75cc |
₹538 |
|
75cc – 150cc |
₹714 |
|
150cc – 350cc |
₹1,366 |
|
Above 350cc |
₹2,804 |
Pro Tip: Opting for a multi-year policy helps you avoid annual renewals and saves you from potential premium hikes.
Documents Required to Buy Online
While the process is mostly paperless, keep these handy for quick reference:
- Bike registration number (RC Book)
- Previous policy details (if applicable)
- Personal ID proof (for verification)
Common Mistakes to Avoid
Even though buying online is simple, avoid these common errors:
- Ignoring renewal reminders and letting your policy lapse.
- Providing incorrect vehicle details.
- Not downloading or saving your e-policy.
- Skipping the personal accident cover add-on.
Conclusion
Buying third-party bike insurance online is no longer a hassle, it is quick, easy, and absolutely essential. It not only keeps you legally compliant but also protects you from unexpected financial liabilities in case of accidents.
In 2025, platforms like Square Insurance make the process seamless, allowing you to compare, purchase, and manage your policy all in one place. Whether you are a new rider or renewing your existing coverage, going digital ensures speed, security, and convenience.
So don’t delay, buy your third-party bike insurance online today and ride with confidence, knowing you’re protected every mile of the way.
Frequently Asked Questions (FAQs)
- Is third-party bike insurance enough for my vehicle?
Yes, it is legally mandatory. However, for broader protection (like theft or own damage), consider a comprehensive plan.
- Can I buy third-party bike insurance online instantly?
Yes. Trusted portals offer instant policy issuance within minutes after payment.
- Do I need to upload any documents?
Usually, no documents are required, just enter your registration number and personal details.
- What happens if I don’t renew my policy on time?
Your coverage lapses, and you may face penalties for riding without valid insurance.
- Can I switch from a comprehensive plan to third-party insurance?
Yes, you can change policy types at the time of renewal based on your needs.
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