Two-Wheeler Insurance: First‑Party vs. Third‑Party Coverage

Third‑Party Cover: The Legal Minimum

What It Covers

• Injury, death, or property damage to others in an accident caused by your bike.
• Legal liabilities and court-mandated compensation.

Benefits

• Legally compliant and mandatory for every two-wheeler
• Premiums are fixed by IRDAI and generally affordable
• Simplified claims process under the Motor Accident Claims Tribunal

Limitations

• Doesn’t cover any damage to your bike—repair bills will hit your pocket.

• No add-on options beyond basic mandatory protections

First‑Party (Own Damage): Protecting You Too

What It Covers

• Repairs for accident damage to your bike.
• Theft, fire, vandalism, and natural calamities like floods.
• Typically includes third-party damage too—making it a comprehensive plan.

Benefits

• Protects your investment—especially critical for newer or high-valued bikes.
• Add-ons like Zero Depreciation, Engine Protection, Return‑to‑Invoice, and Roadside Assistance make it highly customizable.
• Includes Personal Accident cover for self and pillion riders.

Drawbacks

• Higher premiums, influenced by factors like bike IDV (insured-declared value), age, and model.
• Slightly more complex claim processes due to damage assessments, depreciation, etc.

Why Choose Jio Insurance Broking?

• Choice & Convenience: Compare plans from top insurers, including comprehensive policies with add-ons like Zero Depreciation, Pillion Protection, and NCB Loyalty.
• Save Big: Online premiums start as low as ₹19/month with discounts up to 80%
• Instant Issuance: Get your policy within minutes and ride legally faster
• Plug‑and‑Play Add‑Ons: Customize your plan based on your bike’s value and your riding habits
• Hassle‑Free Claims: Cashless access at partner garages, smooth settlements, and expert support make claims painless

Moreover, Jio Financial Services’ partnership with Allianz SE strengthens clinical expertise in motor insurance broking, further bolstering your trust in Jio Insurance Broking.

Making the Right Choice

Consider your bike's age & value

• High-value or new two-wheelers benefit hugely from first-party coverage.
• Older bikes might justify going with Third‑Party.

Evaluate your riding habits

• Frequent rides in traffic, or rough roads, increase risk—comprehensive coverage may be worth it.

Factor in add-ons

• Zero Depreciation and Engine Protection add real-world value, especially for bikes under 5 years old.

Check premium vs. coverage

• Third‑Party keeps budgets low, but you pay more if damage occurs. Comprehensive offers predictability and fewer out-of-pocket costs.

At the end of the day, Two‑Wheeler Insurance is more than just a legal checkbox—it’s about protecting your prized ride and your finances.

With Jio Insurance Broking, you can:

• Easily compare Third‑Party and First‑Party bike insurance plans.
• Opt for coverage that best fits your bike’s value and your lifestyle.
• Add smart protection layers that reduce claim stress and expenses.
• Ride safe, knowing things are covered—whether it’s a fender-bender or something bigger.

Ready to choose your ideal bike insurance? Compare multiple plans, explore smart add‑ons, and get instant quotes with Jio. Visit our app or website today and ride securely tomorrow.