Starting at only ₹1.5 per Day*

Starting at only ₹1.5 per Day*
Suitable insurance is one of the compulsory elements to drive your dream two-wheeler on the Indian roads. The bike insurance fulfills the legal obligation stipulated under the Motor Vehicles Act of 1988 and subsequent amendments and protects road risks. The Universal Sompo third-party bike insurance is a sensible choice as it is compulsory according to the land’s law. But, on the flip side, the policy covers only third-party liabilities for injury and property damage in an accident involving the insured vehicle.
The Universal Sompo General Insurance delivers the policyholder an enriching experience while seeking their services through a total digital operating environment. With the Universal Sompo two-wheeler insurance third-party coverage extending to all liabilities – legal and financial, you are on safe grounds while driving. In addition, the Universal Sompo 3rd party bike insurance comes at an affordable premium, albeit with limited risk cover.
While the third party policy of Universal Sompo bike insurance is compulsory, it is sensible to buy a comprehensive policy that covers the loss and damages to the vehicle and policyholder.
Parameter | Third Party Two Wheeler Insurance | Comprehensive Two Wheeler Insurance |
Coverage | Physical and legal liabilities confined to the third party only. | Own-damage and third-party liabilities – financial and legal. |
Legal Obligation | It is compulsory. | It is optional based on your risk perceptions. |
Add-on | Not available. | You can choose from a range of add-ons on offer. |
Premium Cost | Comparatively lower. | The premium cost is higher due to the extensive coverage. |
You can buy the Universal Sompo third-party bike insurance online at their official portal or an aggregator’s website extending the facility. The steps to purchase the policy are user-friendly, and navigation is simple in the following sequence.
Alternatively, you can request a call back providing your name and the contact number for the insurer representative to get in touch with you. However, the two-wheeler dealer bundles the first insurance policy during the sale process preventing the owner from the hassle of buying the policy separately for legal compliance.
We already understand that the scope of Universal Sompo two-wheeler third-party insurance is limited to the following coverage:
While it is essential to know the inclusions in the Universal Sompo third-party bike insurance, you must know the exclusions also to ensure a seamless claim experience. Accordingly, the exclusions to consider are:
Universal Sompo General Insurance providing two-wheeler insurance, enjoys wide patronage among the policyholders. The company boasts a 91% Claim Settlement Ratio with wide network garages with a pan India presence providing quality cashless services. In addition, the insurer offers a dedicated customer support system operating 24/7 for instant assistance in case of need embracing a customer-first approach.
The third-party two-wheeler insurance policy coverage is limited, and accordingly, the compensation for third-party property damage is a maximum of INR 7.5 lakh.
You must renew the third-party two-wheeler insurance well before the expiry date to avoid legal and financial penalties while driving. However, you also get a 30-day grace period for renewal, during which the insurance cover is in abeyance.
Yes, you can transfer your policy from existing insurer to Universal Sompo.
Yes, you can transfer the two-wheeler insurance to the new bike owner.
The no claim bonus is a reward for adhering to safe driving practices, and it accumulates up to a maximum of 50%. However, the third-party two-wheeler insurance does not provide any no claim bonus facility at renewal.
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