Bike insurance is mandatory in Bangladesh to ride your bike anywhere in Bangladesh. Third party Insurance I mean temporary motor Insurance. Bangladesh is the world most populated country and Motor Bike is the best to ride anywhere within a short time. Most of Bangladeshi bike user use the cheapest insurance policy which is called 3rd party insurance. Here we share BD Motorbike Insurance policy and also share, How can you get your Bike Insurance in Bangladesh.
Motorbike Insurance policy in Bangladesh:
In Bangladesh, two type of Motorbike insurance is available that we know third party and first party. Do you know what is 3rd party Motorbike Insurance in Bangladesh?
Third party Motorbike Insurance:
Third party Motorbike insurance is a basic level of insurance as well as it the cheapest legal document to ride your Bike out on the road. Do you know what you can get for 3rd party Motorbike insurance in Bangladesh, You will nothing get for paying 3rd party insurance, But 3rd party Insurance will cover the following matter:
- Any kind of loss or damage caused to the property of a 3rd party and if you are engaged in an accident.
- The cost of any medical expenses of the 3rd party that are essential simply because of the accident.
First party Motorbike Insurance:
1st party Motorbike Insurance in Bangladesh is not a common phenomenon in Bangladesh due the capital premium, But 1st party insurance is the life of Insurance because 1st party insurance pays the policyholder if something goes wrong such as accidental loss, Bike theft by thief or any kind of human being destruction or natural disaster. 1st party Insurance also includes 3rd party insurance.