Two-Wheeler Insurance

Covers motorbikes/scooters for own-damage and third-party risks.

Definitions

  • Full reimbursement of damaged parts without depreciation
  • Covers damage/loss of helmet
  • Covers water-induced engine damage
  • Emergency services if bike breaks down
  • Retains bonus on premium renewal

Add-ons

  • Zero Depreciation Cover
  • Helmet Cover
  • Engine Protection Cover
  • Roadside Assistance
  • NCB Protection

Benefits

  • Higher repair claim
  • Replacement cost of helmet
  • No financial burden on engine repair
  • Safety and convenience
  • Saves premium hike post-claim
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What is Bike Insurance?

Motorcycle insurance, also known as two-wheeler insurance, provides a crucial financial safety net for bike owners by covering hefty repair bills. This policy serves as a contractual agreement between bike owners and insurance companies, shielding them from financial losses arising from accidents, theft, fire, natural disasters, man-made calamities, or third-party liabilities. As per the Motor Vehicles Act 1988, third-party bike insurance is mandatory for all bike owners. Therefore, purchasing bike insurance guarantees safety and peace of mind while riding your motorcycle. New bike owners must purchase bike insurance for up to 5 years to ensure worry-free riding and avoid a ₹2,000 penalty.

Types of Two Wheeler Insurance Policies in India

Insurance companies in India generally offer three types of bike insurance policies. Depending on your needs and budget, you can choose from third-party bike insurance, comprehensive bike insurance, or a standalone own-damage bike insurance policy.

Third-Party Bike Insurance

Third-party bike insurance protects the policyholder against legal liabilities arising from damage caused to a third party — whether it’s a person or their property — in a road accident. As per the Motor Vehicles Act, 1988, it is mandatory for all two-wheeler owners to have valid third-party insurance while riding on public roads.

Own Damage Bike Insurance

Own-damage bike insurance, also known as standalone own-damage (OD) cover, offers financial protection for damages to your insured bike caused by accidents, theft, fire, natural calamities, and more. It is recommended to opt for this policy along with the mandatory third-party insurance to ensure comprehensive protection for your two-wheeler

Comprehensive Bike Insurance

Comprehensive bike insurance offers complete protection by covering damages to your own vehicle along with third-party legal liabilities. It safeguards your bike against risks such as fire, theft, accidents, natural calamities, man-made disasters, and other unforeseen events.

Why Do You Need a Bike Insurance Policy?

Legal Requirement

In India, it is mandatory by law under the Motor Vehicles Act to have at least a third-party bike insurance policy. Riding a bike without valid insurance can result in a fine of ₹2,000 and may also lead to legal consequences

Financial Protection

The primary purpose of any insurance policy is to offer financial protection in return for the premium paid by the policyholder. In the case of bike insurance, it provides coverage against expensive repairs or replacement of the bike due to accidents, theft, natural disasters, or other insured risks.

Covers Third-Party Liabilities

If the insured bike causes injury or damage to a third party — whether a person or their property — the policy covers the resulting financial and legal liabilities.

Peace of Mind

It lets you ride your beloved bike with confidence and peace of mind, knowing you’re protected against potential risks.

How to Buy/Renew Bike Insurance Policy Online?

The process of buying or renewing a Bike insurance online is quite simple and easy. Here’s how you can easily do it for your two-wheeler with us.

01

Fill Your Bike Details

Provide bike details such as its make, model, etc, to see car insurance price offered by top insurance providers in India.

02

Compare Insurance Quotes

Select the plan which fits your budget & requirements best, out of all the available car insurance plans.

03

Pay & Get Policy Instantly

Complete the payment online using UPI, debit/credit card, or net banking. Once the payment is successful, your policy will be issued instantly and sent to your registered email. You can also download or print it as a valid document for use on the road.