Yes! Two-wheeler insurance is mandatory in India under the Motor Vehicles Act, 1988. It provides financial protection in case of:
✅ Accidents – Covers damage to your bike and third-party liabilities.
✅ Theft – Offers compensation if your bike is stolen.
✅ Natural Disasters – Covers damage due to floods, earthquakes, storms, etc.
✅ Man-Made Disasters – Covers riots, vandalism, and fire-related damages.
✅ Legal Compliance – Without valid insurance, you may face hefty fines or legal action.
Having insurance secures your finances in case of unexpected incidents.
There are two main types of two-wheeler insurance in India:
🛵 Third-Party Insurance (Mandatory) – Covers damages to third-party property, vehicle, or injuries but does NOT cover your own bike.
🏍️ Comprehensive Insurance (Recommended) – Covers third-party liabilities + own damage, including theft, natural disasters, and accidents.
For better protection, you can add extra coverage (add-ons) to your comprehensive policy:
✔ Zero Depreciation Cover – Full claim without depreciation deductions.
✔ Engine Protection Cover – Covers engine damage due to waterlogging.
✔ Roadside Assistance – Help in case of breakdowns.
✔ Consumables Cover – Covers the cost of small parts like engine oil, nuts, and bolts.
If you want full coverage, a comprehensive policy with useful add-ons is the best choice.
📌 Third-Party Insurance – Covers only third-party damages and is legally required. It does NOT cover your bike.
📌 Comprehensive Insurance – Covers both third-party liabilities and own damage due to accidents, theft, fire, and disasters.
If you want full financial security, I highly recommend a comprehensive policy.
The two-wheeler insurance premium depends on several factors:
✅ Bike Model & Make – Expensive and high-power bikes have higher premiums.
✅ Age of the Bike – Older bikes may have a lower insured value but higher maintenance risks.
✅ Location – Insurance in metro cities costs more due to higher accident rates.
✅ Engine Capacity (CC) – Higher CC bikes have higher third-party premiums.
✅ Type of Policy – Comprehensive policies cost more than third-party insurance.
✅ Claim History – No claims? You get a No Claim Bonus (NCB) discount.
You can reduce your premium by opting for a higher voluntary deductible (out-of-pocket expense during claims).
No Claim Bonus (NCB) is a discount on your premium for every claim-free year. The discount starts at 20% for the first year and can go up to 50% for five years.
🏍️ NCB Discount on Own Damage Premium:
- 1st year: 20%
- 2nd year: 25%
- 3rd year: 35%
- 4th year: 45%
- 5th year: 50%
Your NCB can be transferred if you buy a new bike or switch insurers.
If your two-wheeler insurance expires:
❌ You lose coverage, and any damage after expiry won’t be covered.
❌ You lose your No Claim Bonus (NCB) if not renewed within 90 days.
❌ You may have to undergo a vehicle inspection before renewal.
❌ You may face legal penalties for riding without insurance.
To avoid these problems, always renew your policy before expiry.
Yes, you can transfer your bike insurance to the new owner. The process includes:
📌 Notifying the insurer about the ownership transfer.
📌 Submitting necessary documents like the sale agreement, RC transfer, and policy papers.
📌 Paying a nominal transfer fee.
However, No Claim Bonus (NCB) is NOT transferable to the new owner—it remains with you and can be used for your next bike.
To file a claim, follow these steps:
✅ Step 1: Inform your insurer immediately after an accident, theft, or damage.
✅ Step 2: File an FIR (if required, such as in case of theft or third-party injury).
✅ Step 3: Provide policy details, accident photos, and repair estimates.
✅ Step 4: The insurance company will send a surveyor to assess the damage.
✅ Step 5: If approved, the insurer will either reimburse you or settle the bill directly with the garage (cashless claim).
For hassle-free claims, choose an insurer with a wide network of cashless garages.
Yes! You can switch insurers while renewing your policy. Benefits of switching include:
✔ Lower premium rates.
✔ Better coverage and add-ons.
✔ No Claim Bonus (NCB) transfer to the new insurer.
Always compare policies before switching to ensure you get the best deal.
Yes! Personal Accident Cover (PAC) of ₹15 lakh is mandatory for the owner-driver, even if you have health insurance. This cover provides compensation in case of:
💥 Accidental Death – Financial assistance to your family.
💥 Permanent Disability – Coverage for loss of limbs, eyesight, or paralysis.
If you already have a PAC from another policy, you don’t need to buy it separately with two-wheeler insurance.
Two-wheeler insurance is not just a legal requirement—it’s a financial safety net that protects you from unexpected expenses.
Would you like a personalized consultation to find the best bike insurance policy? Let’s secure your ride today! 🏍️🔒