Two-Wheeler Third-Party Premium Rates (IRDAI): Complete Rate Table by CC

The mandatory third-party (TP) premium on your bike or scooter is not something your insurer decides. It is set annually by IRDAI, the Insurance Regulatory and Development Authority of India, and is identical across every insurer in the country. Knowing the exact two-wheeler TP premium rates means you can verify whether any renewal quote is correctly priced on the TP component and focus your comparison efforts on the Own Damage premium where genuine savings exist.

What Are IRDAI-Fixed TP Rates and Why Do They Matter?

Bike third party insurance rates IRDAI sets are mandatory minimums no insurer can undercut. The bike third party insurance rates IRDAI publishes each year are binding on all registered insurers from the effective date. When you buy any two-wheeler insurance policy, the TP component of your premium is exactly the rate IRDAI has published for your engine capacity category. This is why two-wheeler TP premium rates are the same across the market: Rs 714 for a 150cc bike regardless of whether you buy from HDFC ERGO, ACKO, Bajaj Allianz, or any other registered insurer.

Two-wheeler TP premium rates matter because they are the baseline of every policy. For riders buying only third-party cover (the legal minimum), this table is the entire premium. For comprehensive policy buyers, it is the non-negotiable floor on top of which the Own Damage premium is added.

IRDAI Two-Wheeler TP Premium Rate Table 2025-26

The bike TP premium table below covers the current two-wheeler TP premium rates by CC for petrol and electric two-wheelers. Use this bike TP premium table as your reference when verifying any renewal quote:

IRDAI bike TP rates 2025 for new bikes also include a mandatory five-year third-party policy bundled with the first-year comprehensive policy for all new two-wheelers sold since September 2018. This means new bike buyers pay five years of TP premium upfront as part of their first purchase, while the OD component is renewed annually.

The TP premium for 150cc bike therefore falls in the 75cc to 150cc band at Rs 714. For popular commuter bikes in the 100cc to 150cc range (Honda Activa, TVS Jupiter, Bajaj Platina, Hero Splendor), this is the TP premium rate that applies.

Historical Rate Changes: How TP Rates Have Evolved

Two-wheeler mandatory insurance premium rates have been revised periodically. Key historical rates for context:

• FY 2018-19: 75cc to 150cc TP premium was Rs 490
• FY 2019-20: Revised to Rs 622 (after the long-term TP policy mandate for new vehicles)
• FY 2022-23: Revised to Rs 714 for 75cc to 150cc category
• FY 2025-26: Rates remain at the same level as 2022-23 for most categories

The above rates show gradual escalation in the IRDAI two-wheeler rates 2025-26 over time. Any future revision by IRDAI would be published in an official circular and would apply from a specified date, typically the beginning of a new financial year.

Scooter TP premium follows the same band structure as motorcycles. A 125cc Honda Activa or TVS Jupiter falls in the 75cc to 150cc band at Rs 714 per year. An Ola S1 Pro with a 8.5 kW motor falls in the 7 kW to 16 kW electric band at Rs 1,161 per year.

TP vs Comprehensive Premium: What You Are Actually Paying

The bike TP premium table above covers only the mandatory component. A comprehensive policy adds the Own Damage premium on top. Here is a worked comparison for a 150cc commuter bike with IDV of Rs 70,000:

Third-party-only annual premium for the same bike:

The two-wheeler mandatory insurance premium difference between TP-only and comprehensive cover for this example is approximately Rs 1,650 per year. For a new bike worth Rs 70,000 to Rs 1,00,000, this additional amount provides own damage cover that can pay out tens of thousands of rupees in an accident or theft claim, making comprehensive cover the significantly better financial decision for most owners.

Frequently Asked Questions

1. How much is third party bike insurance in India?

Ans: Two-wheeler TP premium rates by CC are: up to 75cc: Rs 538; 75cc to 150cc: Rs 714; 150cc to 350cc: Rs 1,366; above 350cc: Rs 2,804. How much is third party bike insurance overall? IRDAI bike TP rates 2025 are fixed and identical across all insurers. Adding 18 per cent GST, the total TP-only annual premium for a 150cc bike is approximately Rs 843. This is the legal minimum cost to keep any two-wheeler insured and roadworthy.

2. What is the TP premium for a 150cc bike?

Ans: TP premium for 150cc bike falls in the 75cc to 150cc band: Rs 714 per year before GST. With 18 per cent GST, the total TP component is Rs 843. This amount is fixed by IRDAI and is the same across all insurers. If buying a comprehensive policy, Rs 714 is the TP floor on which the OD premium and add-on costs are added.

3. What are the IRDAI two-wheeler TP rates for 2025-26?

Ans: IRDAI two-wheeler rates 2025-26 have remained consistent with the 2022-23 revision for most categories: 75cc to 150cc: Rs 714; 150cc to 350cc: Rs 1,366; above 350cc: Rs 2,804. Electric bike TP rates are lower: up to 3 kW: Rs 457; 3 kW to 7 kW: Rs 607; 7 kW to 16 kW: Rs 1,161. Check the IRDAI website at irdai.gov.in for the latest circular confirming any revisions for the current year.

4. Is the scooter TP premium different from the motorcycle TP premium?

Ans: No. Scooter TP premium follows the same engine-capacity bands as motorcycles. A 125cc scooter and a 125cc motorcycle both fall in the 75cc to 150cc band and pay Rs 714. The two-wheeler TP premium by CC does not distinguish between scooter body styles and motorcycle body styles: only the engine displacement (CC) or motor output (kW for EVs) determines the rate.