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Motor Bike Insurance

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Motor Bike Insurance Plans

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Importance of buying two wheeler insurance.

Why is bike insurance necessary?

Bike insurance is necessary for several reasons. The Motor Vehicles Act in India makes it mandatory for every bike owner to have at least a third-party insurance policy. The penalty for not having bike insurance is Rs 2000 or imprisonment for up to three years.

Also, having a bike insurance plan helps you cover the costs incurred on repairing or replacing your bike due to various risks, natural or man-made. It gives you peace of mind as you know you are financially and legally protected.

Comprehensive bike insurance

Comprehensive bike insurance is a type of two-wheeler insurance plan that offers holistic protection for your bike. It covers third-party liabilities and own damages. This policy offers financial protection in the event your bike gets damaged due to accidents, theft, fire, natural disasters, or vandalism. Comprehensive bike insurance offers 360-degree protection, thus offering peace of mind on the road.

Standalone own damage bike insurance

A standalone own-damage bike insurance policy covers damage to your bike due to theft, accident, fire, natural disasters, or man-made calamities. Unlike third-party insurance, which only protects against damage to others, this policy focuses on your bike's repair or replacement costs.

Third-party bike insurance

Third-party bike insurance offers protection if your bike is involved in damages caused to a third party. It helps cover legal liabilities arising due to such damages.

Our FAQs

A bike insurance policy is valid anywhere in the country. Hence, if you change your job and shift to a new location, you can continue with the same policy. You simply have to inform us of the change.

Once you raise a request, the inspection will happen within 48 hours. Once the inspection is complete, you will receive your policy immediately.

You don’t need to provide any documents while getting the insurance for the first time. You only need to share your details along with the details of your vehicle. Typically, renewals also do not require you to submit any documents. All you need to do is provide us with the right details about your bike and the existing policy. Be sure to provide the correct and relevant details while buying the policy online.

No, you cannot do so.

Motor insurance premium for a vehicle is calculated on the basis of multiple factors, including the Insured Declared Value (IDV) of the vehicle, make and model of the vehicle, seating capacity, cubic capacity etc. The premium amount also depends on a few other factors such as the type of policy chosen, deductibles, and add-on covers. Third-party premiums are decided by the IRDAI.

Disclaimer:

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