National Third Party Bike Insurance

National Bike Insurance

Comprehensive Bike Insurance

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Starting Premium

₹ 714/Yr

No. of Branches

2,000+

Cashless Garages

3,100+

National Third Party Bike Insurance Overview

Third-Party liability insurance is one of the most basic forms of bike insurances. It is also mandated by the Motor Vehicle Act of India. The policy provides liabilities against damages or injuries caused to other individuals or properties by your two-wheeler. The policy has your back in the event of bodily injuries, death of an individual or damages to property.

Since the coverage on offer is not very exhaustive, the premiums of a third-party liability policy are low as well. The Motor Vehicle Act has undergone an amendment that now requires all new bikes to be sold with a mandatory 5-year third party liability policy.

National Claim Settlement Ratio

93%

National

94.67%

Industry Average

Bike claim settlement ratio is the percentage of claims settled against the total claims received by the insurance company in a given fiscal year. National has a claim settlement ratio of 93%, as compared to the industry average of 94.67%.

National Premium Calculator

Use our National bike insurance premium calculator to estimate National bike insurance premium for your bike within 30 seconds

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Add-ons Available Under National Two Wheeler Insurance Plans

Add-ons are additional coverage benefits which can be chosen voluntarily by paying an additional premium. Add-ons help increase the scope of coverage of the bike insurance policy. National two wheeler insurance plans offer the following types of add-ons with the comprehensive policy:

During every repair or service, your needs consumables which do not have any significance after an accident. Getting a consumables add-on for your policy would ensure that you don’t have to pay for the consumables from your pockets. Common examples of consumables include grease, brake oil, engine oil, washers, screws, etc.

Nil or Zero depreciation add-on also aims at reducing any payments that you might have to do otherwise. For repairs or replacement, insurance companies usually consider the depreciated amount of a product. Thus, leaving you to pay the difference between the actual price and depreciated price. However, under this cover insurance company must pay the full amount for repairs.

This add-on comes in handy if the bike is stolen. Insurers pay the IDV or the insured declared value of the bike in the case of theft. But with this cover, the insurer will pay the total amount to you.

How To Raise A Claim Under National Third Party Bike Insurance

The claims process for National Insurance Two Wheeler Insurance Plans

A policyholder must carry out the following steps if they wish to claim their National Insurance two wheeler policy.

Accidental Damage to the bike
1. Registration certificate copy
2. A copy of the driving license of the person riding the bike at the time of the accident
3. Repair estimates
Theft of Bike
1. Submit a duly filled claim form
2. Submit the final policy report as soon as you receive it
3. Offer support and cooperate with the insurance company during investigation and claim settlement
Third-Party Liability Claim
1. Submit duly filled claims form along with a copy of the Registration Certificate, FIR and Driving License

Documents Required For Claims

Documents required to buy/renew a National Insurance Two-Wheeler Insurance Policy

To buy National Insurance two-wheeler insurance, you might have to submit the following documents:

Identity proof (PAN, Passport, Driving License, Aadhar, etc.) of the owner applicant
Registration number of the bike
Original Registration Certificate of the bike
Address proof (Passport, Driving License, Government identity card, etc.)
A photograph of the applicant

For National Insurance renewal bike policy, you just need to provide your existing bike insurance policy number, along with some other details. Under most circumstances, one does not have to submit any additional documents for renewal other than:

Previous policy details, if there is no change in the same
Copy of the owner’s driving license

National Customer Care

Customer Care Number

1800 3450 330

Email ID

customer.support@nic.co.in

How To Buy National Third Party Bike Insurance

Buy National Insurance two wheeler policy from the insurer’s website. You need to look for the buy option, look for the quote that they provide and if you are happy, you can proceed with the payment.

The easier alternative is to visit Turtlemint. The website will help you to buy a bike insurance policy with added convenience. Turtlemint allows its users to compare different policies and an enhanced search which makes things easier. To buy your policy from Turtlemint, you would need to do the following.