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7 Benefits of Having Two-Wheeler Third Party Insurance
According to the Motor Vehicles Act, 1988, it is mandatory for every two-wheeler owner to have third-party bike insurance to legally ride on the Indian roads. This insurance policy offers coverage for losses and damages caused to the third parties by the policyholder’s two-wheeler.
In case of an unfortunate event involving the insured bike, a third party bike insurance plan provides coverage against third party liabilities and injuries sustained by them. It also offers financial security to the insured individual against legal liabilities arising due to any damage caused to a third party.
However, it must be noted that third party two-wheeler insurance plans do not provide coverage against losses or damages caused to the policyholder’s own bike. Hence, it is recommended that if you are a bike owner, you must consider buying a comprehensive insurance policy. This will provide you with coverage against financial losses and third party liabilities.
Benefits of Third Party Two-wheeler Insurance
Here are a few benefits of third party two wheeler insurance plans:
- Hassle-free Purchase Procedure
Every insurance company offers their products and services on online platforms. This will allow you to purchase a third party two-wheeler insurance policy with ease. The transactions can be completed with the digital insurance providers with zero paper documentation process through their app or website. Moreover, it is also more convenient to compare several policies offered by varying insurers and choose the one that best fits your goals and requirements.
- Affordable
The premium of third party two-wheeler insurance is standard since it is provided by India’s insurance regulator, the IRDAI (Insurance Regulatory and Development Authority of India). These rates are significantly lesser than those of the comprehensive insurance plans.
- Long-term Coverage
Third party two-wheeler insurance plans are mandatory for the bike owners because of the legal requirements laid down by the government. These plans have an expiration date of at least five years. Additionally, several multi-year coverage options are also available. Hence, you can get your bike insured once and rest assured for a minimum of the next five years.
- Easy Renewal Process
Getting your two-wheeler insurance renewed before its expiry date is mandatory to have it covered at any given time. The process of policy renewal is seamless and easy as it can be done online from the insurers’ website with just a few clicks. If you have no claim bonus (NCB), you can use these points to get a significant discount on your renewal premium. However, it must be noted that you can retain the NCB only if you get your two-wheeler insurance plan renewed within 90 days of its expiry.
- Sense of Peace
Accidents are not foreseen and can result in irreplaceable losses, damages, and trauma. The situation gets further aggravated if there is an involvement of a third party. If their property is damaged, you are liable to pay the associated expenses. Besides, if any third party legal liability arises, you will have to face the consequences, no matter how. That’s where the need for a third party insurance cover at every possible time arises. In any such case, your respective insurer will take care of the legal liabilities or financial duties instead of you. This will take away any type of mental stress associated with such a scenario.
- Legally Mandatory
As per the Motor Vehicles Act, 1988, it is mandatory to possess a third party two-wheeler insurance plan for every bike owner. If you do not own a bike insurance policy, you will have to face the legal consequences. Hence, in order to save yourself from such events, you must keep your third party two-wheeler insurance handy at any given time.
- Personal Accident Cover
A Personal Accident Cover can be purchased as an add-on policy with a third-party two-wheeler insurance policyholder. This coverage amount has been increased to a whopping ₹15 Lakhs. This cover will provide you with financial security in case of an accident, thereby taking care of any hospitalisation or treatment expenses which arise.
- Final Takeaway
Having a third party two-wheeler insurance cover is not only legally mandatory but also beneficial in multiple ways. However, there are a plethora of options available for third party insurance plans in the Indian market. It is, therefore, advisable to consider several factors, perform comparative analysis amongst these options, and choose the one that perfectly aligns with your goals.
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KKR sixes to power EV charger rollout under VIDA campaign
Cricket meets clean mobility as big hits spark India’s charging growth
NEW DELHI: VIDA, the electric mobility arm of Hero MotoCorp, has teamed up with Kolkata Knight Riders to launch a campaign that turns cricketing flair into real-world impact.
Titled ‘6 for 6’, the initiative promises to install a 6kW fast EV charger for every six hit by KKR during the ongoing Indian Premier League season. The idea is simple but powerful, as each big hit on the field contributes directly to expanding India’s fast-charging infrastructure.
The campaign builds on VIDA’s growing network, which already spans over 5,300 fast-charging points across more than 430 cities. With EV adoption gaining pace, the brand is using cricket’s mass appeal to accelerate both awareness and infrastructure growth.
Explaining the thinking behind the move, Hero MotoCorp emerging mobility business unit chief business officer Kausalya Nandakumar said, “Cricket has an incredible ability to unite and inspire millions across the country. With the ‘6 for 6’ campaign, we are turning every big hit on the field into a step towards a cleaner and a more accessible mobility future.”
She added that VIDA’s expanding fast-charging network and removable battery technology are designed to make EV ownership more convenient and practical for everyday users.
From the franchise’s side, the campaign is also about giving on-field moments a larger purpose. Kolkata Knight Riders chief executive officer Venky Mysore said, “The ‘6 for 6’ campaign exemplifies the potential of sport as a platform for meaningful, real-world impact. By linking every six to the expansion of EV charging infrastructure, this partnership transforms fan excitement into tangible progress.”
As part of the rollout, VIDA has introduced co-branded charging stations in KKR’s signature colours, with a flagship installation unveiled alongside team players. The chargers are designed for quick top-ups, powering VIDA scooters from zero to 80 percent in about an hour, while also being positioned along key highways to support longer journeys.
The initiative also taps into VIDA’s removable battery system, which allows users to charge using standard household plug points, adding flexibility to the charging ecosystem.
By blending the thrill of cricket with the urgency of clean mobility, VIDA and KKR have found a neat way to make every six count twice, once on the scoreboard and again on India’s road to an electric future.
