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Long Term Two Wheeler Insurance Policy

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Long Term Two Wheeler Insurance Policy


​​What is​ Third-party cover?

A third party liability insurance offers cover against any legal liability to a third party caused when you are at fault.

Any losses arising due to damages or injury caused by the insured to a third party or third party's property, are covered under the third party vehicle insurance policy. As per the Indian Motor Vehicles Act, a third partyliability cover is a must and a basic requirement under a vehicle's insurance policy.

​​​L​ong Term Premium Rates for a 5 year Motor TP policy sold during the period - 1st Sep 2018 to 31st Ma​r 2019 (in Rs.)


Vehicle Category Long Term Premium Rates
Not exceeding 75 cc1,045
Exceeding 75 cc but not exceeding 150 cc3,285
Exceeding 150 cc but not exceeding 350 cc5,453
Exceeding 350 cc13,034

What do we offer?


Reliance Long term TW Liability ​​(5 years tenure) offers coverage for 5 years against any legal liability to a third party when you are at fault.

​​Reliance Two Wheeler Package Policy- Bundled offers a third- party coverage of 5 years and an own damage (OD) cover for 1 year due to accidents like fire, theft, etc.​

How does two- wheeler third party insurance work?

​​In order to better understand the concept of third party insurance, let us look at some terminologies. For example, in the event of a two wheeler accident, the parties involved are as follows:
  • First party: The insured person or policy holder
  • Second party: The insurance company
  • Third party: The person who claims for the damages caused by the first party

In an event where an insured person with a third party insurance policy is held legally liable for injuries or damage done to a third party, then his/her insurance company indemnifies the insured person.

What is O​wn damage cover?

Own Damage (OD) covers loss or damage to your vehicle due to accidents like fire, theft, etc. In case of an accident, an own damage cover compensates you for expense to repair or replace parts of your two wheeler damaged in the accident.