Archive · 6 Oct 2026
IRDAI Sets 2026 Third-Party Bike Insurance Rates
Third-party bike insurance helps pay for harm your bike may cause to another person or their property.
It does not pay for damage to your own bike.
In India, the article says two-wheelers must have this insurance.
The insurance regulator, IRDAI, sets the basic prices rather than each insurer choosing its own rate.
The price depends mostly on the bike’s engine size.
Bigger engines have higher premiums in the rate table.
Riders can buy cover for one year or five years.
The article says insurers may also offer wider cover for damage to the rider’s own bike.
IRDAI sets standard third-party two-wheeler premiums, which are based mainly on engine capacity.
For FY 2026-27, annual premiums range from ₹538 for bikes under 75 cc to ₹2,804 for bikes over 350 cc.
Five-year premiums range from ₹2,901 for bikes under 75 cc to ₹15,117 for bikes over 350 cc.
Third-party cover pays eligible liabilities for injury, death, or property damage involving another party, but not damage to the insured bike.
The article says third-party insurance is legally required for two-wheelers in India and identifies TATA AIG as a provider.
- Who
- IRDAI sets third-party two-wheeler insurance premiums; the article also discusses two-wheeler owners and TATA AIG.
- What
- The article explains third-party bike insurance and lists premiums for FY 2026-27.
- When
- FY 2026-27.
- Where
- India.
- Why
- Third-party insurance covers legal liabilities for injury, death, or property damage caused to another party, and the article says it is legally required for two-wheelers.
- Rate period
- FY 2026-27
- Premium-setting authority
- Insurance Regulatory and Development Authority of India (IRDAI)
- Main pricing factor
- Two-wheeler engine capacity
- Under 75 cc
- ₹538 for one year; ₹2,901 for five years
- 75 cc to 150 cc
- ₹714 for one year; ₹3,851 for five years
- 150 cc to 350 cc
- ₹1,366 for one year; ₹7,365 for five years
- More than 350 cc
- ₹2,804 for one year; ₹15,117 for five years