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  • Two Wheeler Insurance

    Having an active two wheeler insurance policy, at all times, is mandatory for vehicle owners in India. Any authorised insurance company that is registered under the Insurance Regulatory and Development Authority of India (IRDAI) has the authority to issue a two wheeler insurance policy. Auto dealers can also sell motor insurance policies. These insurance policies come under the Non-Life or General Insurance sector. Two wheeler insurance policies must be purchased for commercial vehicles, private vehicles, and mixed vehicle types.

    Bikes, mopeds, motorcycles, and scooters can be insured with a two wheeler policy. Without an insurance cover, the financial implications of an accident can cause a significant dent to your hard-earned savings. Hence, it is imperative that you purchase a two wheeler insurance policy and renew it at the end of the policy tenure. Two wheeler insurance plans come with a range of benefits, such as coverage for third-party liability, personal accidents, vehicular damage, theft and loss of the vehicle, etc.

    Who can purchase a two wheeler insurance policy in India?

    Two Wheeler Insurance

    Any individual who owns a two wheeler is required to purchase a two wheeler insurance policy. Most times, when you purchase a new two wheeler, you will receive a motor insurance policy along with the vehicle. The cost of the policy will be built into the cost of the vehicle. However, these policies are likely to be annual policies, and will have to be renewed by you.

    In order to be eligible to purchase a two wheeler insurance policy, you will need to be a salaried individual, and your minimum salary will have to be over the insurer’s pre-defined limit. Further, you will need to ensure that you meet the age limits specified by your insurer. Some insurers may set the minimum age at entry to 18 years, while others may extend it to 21 years. You may also need to have a minimum of one year’s work experience and a valid landline number as prerequisites to purchase an insurance policy.

    * Eligibility criteria may vary from insurer to insurer and the aforementioned conditions are generic*

    Why is it important to purchase two wheeler insurance?

    While it is mandatory for vehicle owners to purchase a two wheeler insurance policy and renew it regularly, it is also imperative that you understand why these policies are necessary.

    • Firstly, most two wheeler insurance policies are extremely affordable. While you only need to pay a minimal amount of money as a premium, your sum insured is likely to be much larger. This can protect you from the financial consequences of an accident.
    • If you happen to injure another individual or their assets in an accident, your insurance policy will cover these third-party liabilities. Further, your insurance policy will also provide a cover against legal expenses that you may have to incur due to the accident.
    • Motor insurance plans also provide coverage against personal accidents. Healthcare can be expensive, and your hospitalisation and medical bills could quickly add up to a substantial amount. A comprehensive two wheeler insurance plan can cover your hospitalisation expenses in the event of an accident.
    • Comprehensive two wheeler insurance policies cover not only the rider, but also the pillion rider, for an additional fee. So, not only will your policy pay for any medical expenses that you may incur as a result of an accident, but it will also provide a cover to the pillion rider.
    • Comprehensive insurance policies will also cover damages caused to the vehicle due to natural disasters or man-made circumstances that are out of your control.
    • Insurance firms issuing two wheeler policies also provide customers roadside assistance facility. Many-a-times, when one is riding in the middle of night or on highways, it is hard to get any assistance if one meets with an accident or if the vehicle breaks down. If you have a two wheeler insurance policy, all you need to do is contact the insurer and request for roadside assistance. The insurer will arrange for your vehicle to be towed to the nearest service centre or garage.
    • Most insurance companies also have tie-ups with certain garages, where you can avail cashless facility. In this case, you won’t have to pay the bills directly. Your insurer will settle the bills for you. This will help you minimise your out-of-pocket expenses and make the process hassle-free.
    • Having a two wheeler insurance policy will help you ride with a sense of security. Riding a two wheeler is not the same as driving a car. While it is convenient and saves time, it is also far more riskier to ride a two wheeler. Hence, purchasing a two wheeler insurance plan can provide you with much needed protection and a sense of safety and security.
    • Several insurers offer additional discounts and bonuses to the insured member. You may be entitled to receive a cumulative or no-claim bonus for every claim-free year.

    Types of Two Wheeler Insurance Covers in India

    When purchasing a two wheeler insurance policy, you will have to make a choice between two types of insurance policies. Listed below are the main features and benefits of each type of insurance cover.

    Third-Party Liability-Only Insurance Policy Comprehensive Insurance Policy
    A third-party liability-only insurance policy is the most basic type of insurance cover that you can purchase as a vehicle owner. It is also mandatory for vehicle owners to have, at the very least, a liability-only insurance policy, at all times. These policies will provide coverage if you happen to injure a third-party and/or their property/vehicle/assets, in an accident. Accidents usually have legal consequences, and your liability-only insurance policy can protect you against expenses that you may have to undergo due to the accident. However, third-party liability-only policies do not cover damage caused to the rider’s own vehicle. These policies also don’t provide a personal accident cover. As the name suggests, a comprehensive insurance policy is an all-inclusive insurance policy that offers the insured member a more exhaustive coverage. All comprehensive insurance policies come with third-party insurance coverage. Hence, even if the insured member happens to cause damage to another’s property or cause bodily damage to another individual, the policy will provide a compensation. In addition to this, comprehensive insurance policies will also cover the insured member’s vehicle repair costs. The vehicle is protected not only from accidents but also from natural calamities, riots, strikes, vehicle theft, theft of parts, loss of the vehicle, etc. These policies also cover personal accidents. Further, the insured member can also purchase a personal accident cover for the pillion rider, by paying an additional fee.

    Comprehensive vs. Liability-Only Insurance Cover – Which is better?

    While purchasing a two wheeler, you will have to make a choice between a comprehensive insurance policy and a third-party liability-only policy. Both have their own advantages and disadvantages, and either one of the two may be the right choice for you based on your requirements and circumstances. In terms of the cost, a liability-only insurance policy is usually inexpensive when compared to a comprehensive insurance policy. While a comprehensive insurance policy might be slightly more expensive to purchase, it is important to note that the coverage offered by this policy is also higher.

    A liability-only insurance policy provides you a cover against third-party liability and legal costs. If you meet with an accident and your vehicle is damaged, your liability-only policy will not cover the related expenses. You will have to repair your vehicle and bear the costs on your own. However, if the damage is caused to the third party’s vehicle, your liability-only insurance policy will cover these costs. On the other hand, a comprehensive insurance offers you complete coverage, and will also cover own-damage.

    When purchasing a two wheeler insurance policy, most people opt for a liability-only insurance policy simply because it is the cheaper of the two, without considering the inclusions and exclusions of each type of policy. A comprehensive insurance plan offers extensive coverage, and it is usually better to have a policy that offers a larger coverage than meet with an unfortunate situation and then deal with financial troubles.

    While it is necessary to consider the factors mentioned above, you must also take into consideration your lifestyle and needs. If you use your two wheeler very minimally, you can get away with a third-party liability cover. Similarly, if you are sure that you will be able to pay for all the expenses that you may have to incur if you happen to meet with an accident, you can again opt for a third-party liability-only policy and pay a lower premium. However, if you are a frequent rider, it is advisable to purchase a comprehensive insurance policy.

    Is Two-Wheeler Insurance Mandatory in India?

    The Indian two wheeler industry has seen rapid growth in the past few years. With roads becoming more congested, travel times increasing, and four-wheelers becoming more expensive, two wheelers have truly made things much easier for the Indian commuter. While owning a two wheeler comes with many benefits, you must also invest in a good two wheeler insurance plan.

    Purchasing a two wheeler insurance plan is mandatory as per the Motor Vehicles Act, 1988. If you are purchasing a new vehicle, you may get a two wheeler insurance plan along with it, from the dealer. However, if you are purchasing a pre-owned vehicle, you can either transfer your existing policy or purchase a fresh insurance policy for it, and continue to renew the same at the end of the policy tenure. Two wheeler insurance plans do not only cover third-party liability. You also have the option of choosing a more extensive coverage by purchasing a comprehensive two wheeler insurance policy.

    The Motor Vehicles Act provides the insured member a cover against the various expenses that one may incur due to a road accident. Further, it also provides a cover against any damage that may be caused to your two wheeler due to a natural disaster. Also, legal expenses incurred due to an accident will also be covered. However, you must note that even comprehensive insurance policies come with certain exclusions. For example, vehicle damage caused due to general wear-and-tear may not be covered by most insurance policies. Accidents caused while driving under the influence of alcohol or other narcotic substances will not be covered. Ensure that you go through your policy brochure and make a note of the exclusions, before purchasing your policy.

    Safety Tips to Observe while Riding

    • Avoid riding under the influence of alcohol: It is absolutely important that you keep yourself from riding your two wheeler when under the influence of alcohol or other narcotic substances. Alcohol reduces your reaction time greatly, and it also gives you false bravado that might make you do things that you wouldn’t normally do. Not only will it cause harm to you, but it may also affect other people on the road for no fault of theirs. Ensure you have an alternate means of transport arranged if you plan to drink.
    • Wear a helmet: In India, law has made wearing a helmet mandatory for the rider and the pillion. However, many people still forego the helmet while riding a two wheeler. Ensure you always wear a helmet, even if you are riding only for a short distance. A helmet could be the only thing that keeps an accident from becoming fatal. A helmet with a good face and eye shield is of utmost importance when it comes to safeguarding yourself if you meet with an accident. It is also necessary for pillion riders to safeguard themselves with a good helmet. A protective helmet can prevent critical brain damage and even death.
    • Avoid distractions: Many people falsely believe that speaking on the phone or even texting while riding won’t impair their judgement or affect their attention. Nothing can be farther away from the truth. Speaking on the phone or not paying sufficient attention to what’s ahead can cause even the most experienced riders to meet with accidents. If you need to answer an important call or text, ensure you stop at the road side and do so, and start riding only after you have completed the said task. The same applies to listening to jarring music on your headphone. Distractions may be many, but ensure you keep your eyes on the road to protect yourself and others.
    • Avoid riding in bad weather: Riding in bad weather conditions can be quite risky. Heavy rain, fog, mists, and storms can greatly reduce road visibility and cause potential accidents. Slippery roads on rainy days are a major cause for concern since one has to be especially carefully while steering and manoeuvring. Strong gusts of wind can also make it hard to ride. If you do have to ride during bad weather, ensure you ride at a slower pace than usual.
    • Look out for road hazards: While potholes and excess sand and debris on the road is rather unpleasant while driving a car, it becomes so much worse if you are riding a two wheeler. Ensure you pay attention to the road ahead, so you can avoid these road hazards in a timely manner. If avoiding them is not an option, make sure you at least slow down so you get more control of your two wheeler.
    • Follow traffic regulations: Road safety should not be taken for granted. Traffic rules exist for a reason, and they should be followed by everyone. Don’t skip that red light, and don’t drive rashly just to save a few minutes. Not only will it make riding more dangerous for you, the rider, but it might also put others at risk. Following specified speed limits, stopping at traffic signals, etc. are a few simple things you can do when you are riding.
    • Wear the appropriate riding gear: Ensure to wear the right riding gear before heading out for a long ride. It is essential that you wear protective boots, a good quality leather jacket, gloves, anti-skid shoes, etc. Thus even if you were to meet with an accident or skid on the road, your clothing will help you stay protected and reduce the impact of the accident.
    • Thoroughly check your two wheeler before riding: Before riding your two wheeler, ensure you check your vehicle’s conditions. Make sure to check the tires for signs of wear, if the brakes are functioning as they should, mirrors, horn, headlights, taillights, and the clutch. Further, ensure that there is no fuel leak and also check the coolant and hydraulic fluid levels.
    • Take classes and get a licence before you start riding: Most people don’t learn how to ride by enrolling under a formal riding class. Learning how to ride from your friends or through trial-and-error is not the best way to hone your skills. Riding classes will ensure that you know the correct riding strategies and are well-versed with the local traffic laws. You should also ensure that you get a two wheeler licence before hitting the road.
    • Always stay on guard: It is wise to always ride defensively, no matter how experienced you are. Watch out for pedestrians, blind spots of other riders and drivers, and ensure you maintain a safe distance from other vehicles. Even when you follow all the necessary traffic regulations, accidents can happen due to somebody else’s negligence. Hence, you must always keep your guard up when riding a bike.

    What Is A Long-Term Two Wheeler Insurance?

    While several insurers offer two wheeler insurance plans with a policy tenure of 1 year, it is wise to consider investing in a more long-term two wheeler insurance policy. In recent times, insurers have started to offer insurance plans with a policy tenure of 2 and 3 years. While it is not mandatory to choose a policy with a longer tenure, and you can opt for a cover that matches your needs, purchasing a long-term insurance policy has its own benefits.

    Long-term insurance policies offer you the added advantage of not having to renew your policy at the end of every policy year. Instead, you can simply renew the policy once in 2 or 3 years, as per the tenure chosen by you. Several top insurers in India offer long-term motor insurance policies to customers. Policyholders are also given the option to renew these policies through both online and offline channels.

    Advantages Of Long-Term Bike Insurance Policies

    • Added Convenience: While having an active two wheeler insurance is mandatory, several people just forget to renew their policy at the end of the policy tenure. With long-term policies, you don’t have to worry about renewing your policy every year. You can simply choose to do it at the end of two or three years, as per the tenure opted for by you.
    • Fixed Third-Party Premium Rate: Third–party premium rates are decided by the Insurance Regulatory and Development Authority of India (IRDAI), and these rates are likely to be raised every year. You will not have to be concerned about this with a long-term policy. Your third-party premium rate is guaranteed to remain constant for the duration of the policy tenure.
    • No-Claim Bonus Benefits: For annual policies, if the insured member makes a claim during the policy year, the no-claim bonus will become 0. However, this works a little differently for long-term policies. If you make a claim on your long-term policy, the no-claim bonus will only reduce instead of becoming nil.
    • Choice of Long-Term Policies: Many insurers offer customers long-term policies, and these policies can be purchased through online and offline modes. Further, renewing a long-term policy is also extremely easy and most insurers allow policyholders to renew it online by paying the due premium. Given the amount of choice, you can opt for a policy that perfectly matches your needs and comes at an affordable price.
    • Discounts for Long-Term Policies: Many insurers also offer you a discount on the total premium when you purchase a policy with a longer tenure. This will enable you to pay a lower premium and save money.
    • Avoid Risk of Policy Lapse: For annual policies, policy renewal has to be done every year. If you delay this process by even a few days, you will be subjecting yourself to several risks. On the contrary, with a long-term insurance policy, you won’t have to worry about non-renewal risks for the duration of the policy tenure. Further, if you have to renew a lapsed policy, the insurer may ask for the vehicle to be inspected. In case of a long-term policy, you won’t have to go through these hassles.
    • Easy Termination of Policy: A long-term insurance policy can be cancelled just as easily as an annual two wheeler policy. The premium you paid while purchasing your policy will be refunded to you after deducting the appropriate charge for the number of months that your two wheeler was covered.
    • Coverage for Co-Passengers: Not only will a long-term two wheeler insurance policy protect your vehicle and provide a risk cover for you, but it also provides a personal accident cover for co-passengers (for an additional fee, in most cases). This is extremely important as the pillion rider may also be injured when one meets with an accident.
    • Cashless Garages: If your two wheeler is in need of repairs or servicing, you can choose to have this done at your insurer’s partner garage. Partner garages give you the added benefit of availing cashless facility.

    Benefits And Key Features of Bike/Two Wheeler Insurance Policies

    • Protects your two wheeler: The first step to protecting your vehicle is to purchase a bike insurance policy. You can either choose to purchase a comprehensive policy or a liability-only insurance policy. Based on the type of insurance policy you purchase, the policy will offer you a range of benefits. Comprehensive two wheeler insurance policies will cover any damage that occurs to your bike. The policy will cover loss of the vehicle or theft of the whole vehicle or parts of it.

    Further, the policy will also provide a cover against natural calamities, such as fire, flood, storms, cyclones, etc., and man-made activities, such as riots, strikes, burglary, etc. In addition, the personal accident cover ensures that hospitalisation expenses will be paid for in case you happen to meet with an accident. Considering how the cost of repairing a vehicle can really add up, it is wise to have an active comprehensive two wheeler policy at all times. Besides the fact that it is mandatory to purchase, a two wheeler insurance policy is a must-have if you want to keep yourself and your vehicle safe.

    • Provides a cover against third-party accidental death or injury: Unfortunately, when we meet with an accident, there is a high chance that we might end up injuring someone else also. A third-party liability-only insurance policy will ensure that you will be protected if this happens. In case a third-party happens to meet with an untimely death or sustains severe injuries due to an accident caused by you, they can claim a compensation, and the compensation will be covered by your policy. Further, such an event is also likely to have legal consequences. All your legal fees and expenditures will be covered by your policy.
    • Covers damage to third-party’s property and assets: Again it is likely that in case of an accident, you may end up damaging another’s property or assets. Property, in this case, is defined as another individual’s vehicle, parts of the vehicle, house, etc. Reimbursing a third-party for damages to their property may be a real hassle, as these are expenses that you don’t normally plan for. However, a liability-only policy covers the expenses incurred due to damage of a third-party’s property, too. As per the norms set by the Insurance Regulatory and Development Authority of India (IRDAI), damages up to Rs.1 lakh will be covered by your policy. Any damage to the third-party’s property or asset beyond this amount will have to be settled by you.
    • Covers Damage caused to Vehicles: A third-party liability-only policy will only cover any damage that is caused to the third-party’s vehicle, whereas a comprehensive policy will cover damages caused to your own vehicle, as well. Further, damage to your vehicle due to man-made and natural calamities will also be covered. However, you will have to note these will have to come under the limits that are specified by the insurer. If your claim amount exceeds your cover, you will have to bear a portion of your bill.
    • Cashless Facility at Network Garages: Most insurance companies have tie-ups with certain garages, called network garages, in various cities across India. Insured members can visit these cashless garages and have their bike repaired or serviced without having to bear the costs themselves. After the repair is done, your insurer will settle the bills directly.

    However, you will have to remember that not all garages have tie-ups with your insurer. At the time of purchasing the policy, you will be provided a list of network garages. Since this list may be updated with additions and deletion, you will have to look for the updated list on the insurer’s website, or you can even call your insurer’s toll-free number to locate the nearest network garage.

    Another thing to remember is that your insurer will only cover repair costs that have been included in the policy. If damage has been caused to a certain part of the two-wheeler that is not covered by the insurer, you will have to settle these bills on your own. Cashless facility at network garages is a huge boon to policyholders since it cuts your expenses significantly.

    • Covers Non-Vehicle Owners: Your vehicle may not only be used by you. It is likely that it may be borrowed by family members and friends. Hence, most comprehensive bike insurance policies also extend the cover to any individual riding the vehicle, even if he/she is not the owner. Thus, you can claim a reimbursement/compensation if you meet with an accident, even if the vehicle didn’t belong to you, unless otherwise stated in the policy or if the policy comes with a driver’s clause.
    • Personal Accident Coverage: Comprehensive two wheeler insurance plans will also cover personal accident expenses incurred by the policyholder and the pillion, for an additional fee. Hence you or your nominee can claim a compensation if you meet with an accidental death, permanent total disability, etc.
    • Add-On Covers and Riders: Your insurance coverage will vary as per the type of policy purchased by you. However, you can always choose to enhance this basic coverage, if your insurance provider offers add-on riders/covers. Many insurers offer an additional Nil Depreciation Cover and a Personal Accident Cover for the pillion. While these add-on covers are completely optional, they will make your coverage more inclusive and exhaustive. Ensure you go through your policy brochure or ask your insurance advisor for information on any add-on covers that may be offered by your insurer.
    • Peace of Mind and Security: An accident can cause one a significant amount of emotional, physical, and financial distress. While such events are unforeseen and unavoidable in many cases, you can, at the very least, ensure that you are protected by purchasing a 2 wheeler insurance policy. Your bike insurance policy will provide you a range of benefits and help save your hard-earned money in times of emergency.
    • No-Claim/Cumulative Bonus: Most insurers offer a no-claim bonus for every claim-free year. This bonus is reflected in the form of lower premiums for the subsequent year. Since your premium amount will usually increase every year due to inflation and rising costs, these discounts can help you can secure a lower premium rate. A no-claim bonus will only be applicable if you renew the policy within the grace period. If the policy has already lapsed, your accrued benefits will also lapse.
    • Hassle-Free Claim Settlement: The claim settlement process is usually quick and hassle-free for 2 wheeler insurance policies. In case of an accident or a vehicle breakdown, you can opt for cashless facility at a network garage. Alternatively, you can also choose to pay for the expenses yourself and have the insurer reimburse you for your expenses, after the due verification has been completed. You claim will be settled after you register the claim with the insurer, have the damage evaluated, provide the necessary documents, and do any required paperwork.
    • Transfer of No-Claim Bonus: A no-claim bonus is given to you as a reward for riding safely during the tenure of the policy. This bonus can be accumulated for a few years. If you happen to purchase a new 2 wheeler to replace the existing one, you don’t have to purchase a new insurance policy. You can simply transfer your policy with the no-claim bonus. The no-claim bonus can help you avail a lower premium rate for the new vehicle. Also, this is applicable even if you are changing insurers. However, you can only transfer the no-claim bonus if the policyholder remains the same. The no-claim bonus that is linked to a policy under one individual’s name cannot be transferred to another individual.
    • Factors Affecting Two Wheeler Insurance Premiums: There are several factors that can affect the rate of your premiums. Firstly, a comprehensive insurance policy is likely to have a higher premium than a third-party liability-only policy. Insurers will also look at the policyholder’s age, work experience, gender, etc. before deciding on a premium amount. Riders with very less experience may be charged a slightly higher premium.

    Other parameters that will be considered include the age and condition of your vehicle, the year of manufacture, number of kilometres, cubic capacity of the engine, etc. Further, if you choose to purchase an add-on rider or opt for a higher voluntary excess, your premium will also be higher.

    • Quotes for Two-Wheeler Insurance Policy: It is imperative that you have an idea of how much you will have to pay as a premium, in order to budget accordingly. It is also a wise idea to compare between quotes from a few different insurers, so you can choose one that is affordable and meets your needs. You can choose to receive a quote for a 2 wheeler insurance policy through offline channels, such as walking into the insurer’s office or contacting the Customer Service team, or through online modes. Most insurers offer customers the option of calculating their premium directly on the website. Several third-party websites also have this feature and will also enable you to compare between various insurers. All you need to do is enter a few details about yourself, your vehicle, and the type of coverage you require to receive a quote.
    • Easy Policy Purchase: There are several insurers offering bike insurance policies in India. While you can choose to purchase a policy of your choosing through an auto dealer or by directly meeting the insurance advisor, you also have the added option of purchasing the policy online. Several insurers will allow prospective customers and existing policyholders to purchase and renew their policy online, through their official website.
    • Claim Status: If you have already raised a claim and are awaiting the settlement, you may want to know the status of your claim. Most insurers provide customers the option to track their claim status through their official website by simply entering the policy number. Hence, this enables you to view all information related to your claims in just a few clicks.

    Bumper-To-Bumper 2 Wheeler Insurance Cover

    Also known as a Zero Depreciation Cover, the Bumper-to-Bumper Cover for 2 wheelers is a popular choice among vehicle owners. Most insurance companies offer this cover in the form of an add-on rider, and not a separate insurance policy. While a comprehensive insurance policy offers an exhaustive coverage, it, too, comes with certain exclusions. Insurers take depreciation charges into account before paying a settlement under comprehensive insurance policies. All these factors might cause you to bear a portion of the expenses on your own.

    However, with a bumper-to-bumper insurance cover, your insurer will be liable to provide you complete coverage for all parts of the bike and also doesn’t take the depreciation factor into account. In most cases, the additional premium that you will have to pay towards your Zero Depreciation Cover can be over 20% of what you would pay for a regular bike insurance policy. While purchasing a bumper-to-bumper cover might increase your premium slightly, it is a worthy investment as it guarantees complete peace of mind to the policyholder. Such a cover is especially important if you are purchasing a brand new or very high-end vehicle.

    Benefits Of A Bumper-To-Bumper/Zero Depreciation Cover

    • If you have purchased this cover, your insurer won’t take the depreciation of your vehicle into account. This is one of the main benefits since the more a vehicle depreciates in value, the lesser you will receive as your claim settlement. Having a Zero Depreciation Cover is a smart way to ensure you receive the original value of the vehicle/vehicle parts.
    • It reduces out-of-pocket expenses. Without a Zero Depreciation Cover, your insurer will only pay you the claim amount after considering the depreciation factor. Hence, based on how much your vehicle has depreciated over the years, you might have to incur a significant amount of out-of-pocket expenses. A Zero Depreciation Cover protects against this.
    • It adds more coverage and protection to your basic plan, and makes your plan more inclusive.
    • This cover is a great choice for individuals who have just purchased a luxury bike, a new high-value two-wheeler, two-wheelers with expensive spare parts, or inexperienced riders.
    • You can ride with complete peace of mind.
    Bumper-to-Bumper/Zero Depreciation Cover Inclusions Bumper-to-Bumper/Zero Depreciation Cover Exclusions
    • Can be purchased for new policies or while renewing your existing two-wheeler insurance policy.
    • Offers a cover against depreciation of value.
    • Covers plastic parts, rubber, nylon, and fiberglass components.
    • Individuals can claim the full original invoice amount, excluding the deductible.
    • Can only be purchased for new two-wheelers or two-wheelers under 2 years.
    • This cover may have a limit on the number of claims one can make per year.
    • The cover cannot be purchased for older vehicles (over 2 years).
    • The cover might not be applicable for certain vehicle types and makes.
    • Normal wear-and-tear, damage caused due to mechanical breakdowns, and uninsured dangers are not included under the coverage.
    • Uninsured items, such as the bi-fuel kit, gas kits and tyres are also not covered.

    Process To Purchase Two Wheeler Insurance In India

    Prospective policy buyers can choose to buy their choice of bike insurance through online or offline channels. Listed below are the various means through which you can apply and purchase a policy

    Offline Channels for Purchase

    • Insurer’s Branch: You can choose to locate the nearest branch of your insurer and directly walk into the office. You will have to meet the concerned representative, fill out an application form, submit all the required documents, and purchase your policy. The representative will take you through the terms and conditions of the policy and provide you with all information related to your policy. If you have any queries after reading your policy brochure, you can clear it with the representative directly.
    • Through an Insurance Advisor: Insurance companies usually have their own insurance agents and advisors. In this case, the insurance agent will act as a middleman between you and the insurer. He/she will help you choose the right plan, and will also assist you through the application process. Most insurance agents will charge a service fee, which you will have to pay.
    • Through auto dealers: The IRDAI has recently made it mandatory for auto/motor dealers to provide a customers a choice of motor insurance policies. Hence, you can contact the nearest auto dealer or visit their office and make the purchase. When you purchase a new bike from a dealership, you will receive an insurance policy directly from the dealer.

    Online Channels for Purchase

    Most insurers give policy buyers the option of buying their policy online. In order to purchase your bike insurance policy online, you will have to visit the insurer’s official website, click on the respective tab and enter certain details about yourself and your vehicle to get a quote. Post this, you can proceed to purchasing the policy online. Purchasing an insurance policy online is extremely hassle-free as it saves time, money and cuts down on paperwork. Since most insurers display the policy brochure on the company website, you can also get a good understanding of the policy terms and conditions before applying for it. The online premium calculator will also help you get an estimate of your premium. Further, you can also choose to renew your bike insurance policy online.

    Factors To Consider Before Purchasing Bike Insurance

    • Level of Coverage: Before purchasing an insurance policy, you will have to decide on the optimum level of coverage for you. You will have to select your coverage type – third-party liability-only insurance policy or a comprehensive insurance policy. Both offer a different type of coverage, with comprehensive insurance policies being the more exhaustive of the two. You will also have to opt for your sum insured. To work out an optimum sum insured, make sure to consider your premium-payment ability, monthly budget and expenses, future liabilities, and the frequency of your two-wheeler usage.
    • Cubic Capacity of the Vehicle: Your premiums will be directly tied to the cubic capacity of your bike. A higher cubic capacity will result in a higher premium, and vice versa.
    • Discounts and Bonus: Several insurers offer customers discounts and bonuses on their premium. You may be entitled to receive a bonus for every claim-free year or a discount for choosing a long-term policy. Ensure you clarify these with your insurer or the agent.
    • Add-On Covers: Most insurers offer customers the option of purchasing add-on covers, such as a Zero Depreciation Cover, Personal Accident Cover, etc. While these add-on covers make a worthy investment, they will also increase your premium amount.
    • Claim Settlement Ratio and Customer Service: Before purchasing your preferred insurance policy, ensure you check the claim settlement ratio (CSR) of the insurer. A high CSR is desirable, since it indicates how willing the insurer is to settle the claims. Similarly, look into the insurer’s customer service channels. It is vital that you are able to contact the insurer if the need arises, in a hassle-free manner. Thus, it is imperative the insurer is easily reachable at all times.
    • Network Garages: Your insurer will have tie-ups with certain garages in the city. Since these network garages offer you cashless facility, it is necessary that you find out just how large your insurer’s network is. The more network garages the insurer has, the better will your choice be. It also ensures that in times of emergency, you don’t have to travel too long to get to a network garage. Your insurer will give you a list of network garages while purchasing the policy. You can also view this information on the insurer’s official website.
    • Policy Tenure: Insurers offer bike insurance with policy tenures of 1, 2, and 3 years. It is often more beneficial to purchase a long-term insurance policy than a short-term policy. Consider your needs and check out the various policy tenure options offered by your insurer.
    • List of Exclusions: Your policy will come with a brochure that details a list of exclusions. Ensure you are aware of the exclusions, so you can be prepared for any eventuality.
    • Compare between Policies and Premiums: Insurers offer various plans with varying coverage levels and premiums. Ensure you compare plans of at least a few top insurers before purchasing a policy, so you can get the best deal.

    Add-On Covers for Two Wheeler Insurance

    While your policy may have certain limitations, it is a good idea to enhance the coverage by purchasing add-on covers or riders. Not all insurance companies will offer all add-on covers, hence make sure to check with your insurer about any possible riders that you can purchase. Listed below are a few popular add-on plans.

    Personal Accident Cover An accident on a two-wheeler may cause significant injuries to the parties involved, since the level of protection that a two-wheeler offers is very less. Hence, you can purchase a personal accident cover to provide coverage to you and the pillion rider in case of an accident
    Cover for Accessories Most insurance policies will not offer you a cover for any accessories that you may have additionally purchased for your vehicle. However, if the accessories are very expensive, you can choose to purchase an add-on cover just for the accessories
    Zero-Depreciation Cove Insurers will usually settle your claims after taking into account the depreciation charges. This will result in your getting a lower amount than what you may have expected. In order to avoid this, you can purchase a Zero Depreciation cover. With this cover, your insurer will settle your claim without taking into account the depreciation factor.

    Factors Affecting Two-Wheeler Insurance Premiums

    When comparing between various bike insurance policies in the market, one of the deciding factors is usually the rate of premiums. It is vital that you choose an insurance policy with an affordable premium, so you don’t have any difficulty in paying the amount. Thus, it is necessary that you know exactly what factors will affect your premium.

    Condition and Type of Vehicle The premium may vary based on the condition of your vehicle, the cubic capacity of the engine, the year of manufacture, make of the vehicle, the vehicle’s showroom price, etc. Hence, you will have to furnish the correct details at the time of purchasing your policy to obtain an accurate quote
    Add-On Covers If you will be opting for additional riders or covers at the time of your policy purchase, your premium will also increase accordingly. Hence, opt only for the covers that you require and make sure to account for an increase in premium.
    Coverage Type The type of coverage that you choose will play a big role in deciding your premium. While it is mandatory for all vehicle owners to at least have a third-party liability-only cover, it is a good idea to purchase a comprehensive cover for wider protection. The premium payable for a third-party liability-only cover will usually be lesser than that of a comprehensive insurance policy .
    Policy Buyer’s Demographics Insurers also take into consideration the policy buyer’s age, gender, years of riding experience, etc. If you are relatively young with about 5-10 years of riding experience, your premium is likely to be lesser than that of an individual who has just started riding. Similarly, if you can prove a good riding history to your insurer, your premium may be lesser, as well.
    Previous Claims When renewing a policy or purchasing a fresh policy, insurers are likely to look into your history of making claims. If you had a claim-free year, you may be eligible to receive a discount on the premium for the following year. Similarly, if you made many claims in the past years, your premium may be increased.
    Opting for a Higher Voluntary Excess or Deductible When making a claim, the deductible is what you will have to pay. If you opt for a higher voluntary excess or deductible, your premium will be lower, and vice versa.

    Rate for Third-Party Insurance for Two-Wheelers

    The Insurance Regulatory and Development Authority of India (IRDAI) has increased the third-party insurance rate for all motor vehicles, with effect from 1 April 2017. The insurance rate has been increased by up to 40% for certain categories. This has also caused bike insurance premiums to increase. Listed below is the new third-party insurance rate, on the basis of the cubic capacity of the engine.

    75CC – 150CC 150CC – 350CC Over 350CC
    Third-Party Insurance Rates before 1 April 2017 Rs.619 Rs.693 Rs.796
    Current Third-Party Insurance Rates (After 1 April 2017) Rs.720 Rs.887 Rs.1,019

    The third-party insurance rate for two-wheelers with cubic capacity lesser than 75cc has not been raised for the current financial year. The new third-party insurance rates do not apply to individuals who purchased a long-term policy cover (for a duration of 2 or 3 years) before the new rates came into effect.

    Transfer Of Bike Insurance

    If you are planning to purchase a new two-wheeler and sell your existing vehicle, you don’t have to purchase a new insurance policy. You can simply choose to transfer the existing policy. This will help you keep your accrued benefits intact. You will need to ensure that this is done within the stipulated time. You will also have to inform the insurer and request for a no-claim certificate. The no-claim certificate will help you secure a lower premium for the following year.

    When Should You Transfer Your Bike Insurance Policy?

    When you are purchasing a new two-wheeler, transferring an insurance policy may not seem very important. However, if you transfer your insurance policy, you won’t have to purchase a new policy. Hence, if you’ve had a claim-free year, you won’t have to let that benefit go to waste. You can transfer your policy and still claim the benefits. Similarly, if you have a long-term policy, you will be saving money by transferring your policy and continuing the coverage instead of purchasing another policy.

    Process To Transfer Your Two Wheeler Insurance

    In order to transfer your bike insurance, you will first have to transfer the ownership of the two-wheeler from your name to the buyer’s name. While the entire process is quite hassle-free, you will have to ensure you submit all the required documents in a timely manner.

    • Transfer of Two-Wheeler Ownership: Firstly, you will have to inform the RTO of the sale. In order to initiate the transfer of your two-wheeler ownership, you will have to give the buyer certain documents, such as the tax certificate, registration certificate, PUC certificate, a copy of the bike insurance policy, a filled and signed Form 28 (for transfer of ownership), Form 29 (no-objection certificate), and Form 30 (report of the transfer). Once you have handed these document to the buyer, you can legally transfer the ownership of your two-wheeler.
    • Transfer of Insurance Policy: After transferring the ownership of your two-wheeler, you will have to transfer the insurance policy. In order to transfer the insurance policy, you will have to first inform your insurer and obtain a no-claim certificate. If you do this, your no-claim bonus will continue to remain in your name, and won’t get transferred to the buyer of your vehicle. The No-Claim Certificate will help you get a premium discount for the following year. Next, the person who has purchased the insurance plan will also have to visit the insurer and furnish their personal details for the current plan. Lastly, you will have to inform the RTO of the same.

    Importance Of Transferring Your Motor Insurance Policy

    • Freedom from the Buyer’s Future Liabilities: If you fail to transfer your insurance policy, and the individual who purchases your two-wheeler happens to meet with an accident and cause damage to a third-party property or assets with the two-wheeler you sold to them, you will be held liable. While your insurer will still pay off the claim, you will have to face a lot of hassle in ensuring that the claim is settled favourably. Thus, it is vital that you transfer your policy.
    • No-Claim Bonus: For every claim-free year, you insurer may reward you with a no-claim bonus. This no-claim bonus can be extremely useful in securing a lower premium for the following year. Transferring your policy will ensure that your no-claim bonus is also transferred. If you fail to transfer your policy, and purchase a new policy instead, your accrued benefits will be lost.

    Two Wheeler Insurance Policy Renewal

    While it is necessary to purchase a bike insurance when buying a vehicle, you must also ensure you renew your policy in a timely manner. In order to claim your no-claim bonus for the previous year, you will have to renew your policy within a 90-day period, post expiry of your policy. If the policy is not renewed within this time frame, your no-claim bonus will lapse. Policy renewal is a hassle-free process, and there are a several channels through which you can renew your policy, such as:

    • Renewal at Branch: All insurers provide customers the option to renew their policy directly at their branch. You can visit the insurer’s official website, locate the nearest branch, and meet with the concerned representative at the branch. You might need to provide your insurer a few details about yourself, your driving licence information, RC number, existing insurance policy number, etc. After the necessary documentation and paperwork is done, you can pay your renewal premium by cash, credit card, debit card, etc.
    • Online Policy Renewal: Policies can also be renewed online through the insurer’s official website or through certain trusted third-party websites. Renewing your policy digitally is usually quicker and hassle-free. You will need to navigate to the website, click on the respective tab, key in certain details about yourself, input your policy number, and then make the renewal premium payment.
    • Insurer’s Apps: In recent times, many insurers have come up with apps for smartphones. Logging into these apps will enable you to view all details related to your policy, track your claim status, and, in some cases, renew your policy. However, you must remember that not all insurers offer this facility.

    A few other things that you should keep in mind before renewing your two-wheeler insurance policy are:

    • Mode of Payment: Your mode of payment is simply the frequency of premium payment. In most cases, you will have to pay a one-time premium to the insurer. Generally, the risk cover will not commence unless you have paid the premium in advance.
    • Policy Tenure: You can choose a policy tenure as per your needs and requirements. You can either opt for a one-year policy tenure option, or choose a long-term policy tenure of 2 or 3 years. Annual policies should be renewed at the end of every policy year.

    Exclusions – What Is Not Covered Under Two Wheeler Insurance Policies?

    Knowing what falls under your insurer’s exclusion criteria is just as important as knowing the inclusion criteria, as it will help minimise the chances of your claim getting rejected in the future due to non-insurability. The exclusion criteria varies from insurer to insurer and plan to plan. Hence, ensure you go through your policy document carefully to make a note of your plan-specific exclusion criteria.

    Exclusion Criteria for Third-Party Liability-Only Insurance Policies:

    • Own-vehicle damage
    • Liability arising out of an accident that occurred outside the geographical area mentioned in the policy
    • Consequential loss
    • Theft or loss of vehicle
    • Damage to own vehicle due to man-made or natural calamities
    • Damage due to nuclear contamination
    • General wear-and-tear of vehicle and vehicle parts
    • Expired policy

    Exclusion Criteria for Comprehensive Insurance Policies:

    • Wear-and-tear caused due to time
    • Damage or accident caused by a rider riding without a valid licence
    • Mechanical breakdown
    • Electrical failure or breakdown
    • Accident/damage caused by an individual riding under the influence of alcohol or other drugs
    • Depreciation of value
    • Consequential loss
    • Claim arising out of a contractual liability
    • Accidents or damage to vehicle occurring while carrying out a criminal activity
    • Damage to vehicle due to war, uprisings, and nuclear risks
    • Damage occurring outside the prescribed geographical locations
    • Damage to tubes and tyres, unless the said damage has occurred due to an accident
    • Using a private vehicle for commercial uses, and vice versa
    • Expired policy

    Documents Required To Apply For A Bike/Two Wheeler Insurance Policy

    Purchasing a bike insurance policy is a fairly easy process that doesn’t require extensive documentation and paperwork. The documentation process varies from insurer to insurer, and you will have to go through your policy brochure for more information. At the most, you insurer may ask you to submit the following documents:

    • Valid Photo ID Proof, such as Passport, Aadhaar card, PAN card, Voter’s ID, etc.
    • Valid Address Proof, such as Passport, Utility bills, etc.
    • Valid Driving Licence copy
    • Proof of work experience (if applicable)
    • Landline number
    • Vehicle registration number and RC certificate

    If you are renewing your policy, you may also have to additionally submit your existing policy copy or policy number. For policies purchased online, the documents required are minimal or nil.

    What You Should Do In Case Your Two Wheeler Insurance Policy Has Expired

    • If your policy has expired, you will first need to check if the policy is still within the grace period. If you make the due premium payment within the grace period, your policy will continue as is, with the same benefits, and your accrued benefits will not be lost.
    • If your policy has been expired for a while, you will need to inform the insurer. The insurer may renew your policy after the vehicle is evaluated for damage.
    • If you choose to purchase a policy from another insurer, you will need to immediately contact your previous insurer and request for a no-claim certificate, provided you did not make any claims in the previous year. This no-claim certificate is of utmost importance since it can help you secure a lower premium under the new policy. You can get a no-claim certificate if your policy has been lapsed for under 90 days. If the policy has been expired for over 90 days, your accrued benefits will be lost.
    • Before you can purchase a bike insurance policy from another insurer, you will have to zero-in on a policy that matches your requirements. There are several insurance companies that offer bike insurance plans. You will need to compare between the plans offered by various companies and opt for one that offers a competitive and affordable premium rate with a good amount of benefits.
    • In some cases, your insurer may want you to get your two-wheeler evaluated by a surveyor. This is to check whether there were any problems or pre-existing damages with the vehicle. Your insurer may charge you a certain fee for this process. If the inspection has been cleared successfully, you can proceed to purchase your policy.
    • You can purchase your policy through both online and offline modes. You will need to provide the insurer a few details about yourself, submit the necessary documents, and make the premium payment. Again, you can choose to pay the premium online or offline, by cash, credit card/debit card, net banking, NEFT, mobile wallets, etc. You can choose to purchase a third-party liability-only policy or a comprehensive policy. You also have the option to purchase an annual policy or a long-term policy for 2 or 3 years.
    • You can also choose to customise your policy with add-on covers or additional riders. This will ensure that your policy cover is more exhaustive.
    • As the last step, you will have to remember to renew your bike insurance policy as the date of expiry comes close, in order to enjoy continued coverage and carry forward your accrued benefits.

    Top 10 Insurance Firms For Bike Insurance In India

    ICICI Lombard General Insurance is one of the market leaders of the general insurance industry. The company has a range of general insurance products on offer. The insurer has been recognised and felicitated for their innovative offerings and customer-centric approach several times over the years. The company has a high claim settlement ratio and a quick turnaround time for claims settlement.

    HDFC ERGO was established in the year 2002. The insurer has over 108 branches across 90 cities in India. Apart from the large workforce, the insurer also has a growing network of agents and brokers. The company has won a number of awards since its inception. Keeping customer satisfaction in mind, the insurer has put up a varied host of general insurance products on offer, which is guaranteed to cater to your every need.

    Bajaj Allianz was setup in year 2001, and is currently one of the leading general insurance firms in India. The company has various general insurance product offerings for both retail customers and groups. By way of their technological innovation, strong customer service, and high claim settlement ratio, the firm has been able to record a strong growth over the past few years. The company has also won many awards for its claims management process, maintaining a loyal customer base, etc.

    Tata AIG General Insurance started its operations in the year 2001, after receiving a licence from the Insurance Regulatory and Development Authority of India (IRDAI). The company has an exhaustive range of products in order to meet the needs of its retail consumer base and corporate businesses. The insurer has over 157 offices across India and a workforce of over 3,300. The insurer’s Assets Under Management (AUM), up to 30 June 2017, was $0.82 billion.

    Reliance General Insurance was founded in the year 2000. The insurer has a pan-India presence, with around 139 offices across the country. In addition, the insurer has over 12,000 intermediaries in India. The company offers various customisable plans to meet the individual needs of every customer. The insurer also has noteworthy customer service with several customer care channels. Further, the insurer also aims to make affordable insurance products accessible to all individuals, protect the interests of policyholders, and drive product development by innovation.

    New India Assurance was founded in the year 1919, and has been one of the leading players in the general insurance industry for over 40 years. The company is headquartered in Mumbai and has over 2,097 offices in total. With a 19,000-employee workforce, 50,000 agents, and over 170 general insurance products, the insurance firm can meet everyone’s varying insurance needs. The insurer has also been felicitated with many awards over the years.

    SBI General Insurance offers prospective customers a varied general insurance product portfolio. Their insurance products are suitable to all customers across various segments of society. The firm follows a multi-distribution model and has a large workforce in India. For FY16-17, the insurer reported a Gross Written Premium (GWP) amounting to Rs.2,604.5 crore. The company has a presence in 110 cities across India.

    Bharti AXA General Insurance commenced its operation in the year 2008, after receiving its licence from the Insurance Regulatory and Development Authority of India (IRDAI). The insurer provides product offerings across various segments, such as motor, travel, health, etc. Several policies can be purchased and renewed online. So far, the insurer has issued 9.8 million policies, settled 1.3 million claims, has 79 branches across the country, and offers 24/7 assistance to its members.

    Incorporated in the year 2000, the company has several general insurance products across various segments on offer. The insurer has several branches across India, and the nearest branch can be located through the insurer’s official website. IFFCO Tokio has a 92% claim settlement ratio, and settles claims in a hassle-free and fair manner.

    Universal Sompo General Insurance was set-up in November 2007, after receiving its licence and registration certificate from the Insurance Regulatory and Development Authority of India (IRDAI). The insurer offers a varied product portfolio to its individual, small entrepreneur, and corporate consumer base. The insurer also has strong Customer Service channels, including a 24-hour helpline, SMS and web-based platform for customer support, etc. The company also allows prospective policy buyers to purchase several retail policies online. Further, claims are settled in a time-efficient manner by the insurer, and the status of claims can be tracked online.

    Top 10 Two Wheeler Insurance Policies in India

    1. ICICI Lombard Two Wheeler Insurance Policy

      The Two Wheeler Insurance Policy from ICICI Lombard is a smart way to secure your bike and cover yourself and the pillion. The insurer has over 5,600 partner garages across the country. The insurer offers a range of benefits to prospective policy buyers, such as:

      • Cover against vehicular damage due to natural calamities
      • Cover against vehicular damage or loss due to man-made calamities
      • Protection from third-party liability
      • Coverage against personal accidents
      • Optional personal accident cover for the pillion rider
    2. HDFC ERGO Two Wheeler Comprehensive Insurance Policy

      HDFC ERGO has partnered with several network garages in various cities across India. Policyholders can avail cashless facility in any one of these garages in a hassle-free manner. The Two Wheeler Comprehensive Insurance Policy offered by the insurer offers many benefits, such as:

      • An own damage cover, which protects against loss of bike, theft of two wheeler, coverage against accidental damage, and a cover against natural disasters.
      • Third-party cover, which covers accidental death/injury of a third-party and third-party property damage.
      • Personal accident cover for the rider of the bike.
    3. Bajaj Allianz Two Wheeler and Bike Insurance Policy

      The Two Wheeler and Bike Insurance policy from Bajaj Allianz comes in a 3 Years Long Term Package Policy version and a 1 Year Package Policy version. The plans offer policyholders the following benefits:

      • Cover against natural and manmade calamities
      • Personal accident cover, up to Rs.1 lakh
      • Option to purchase an additional personal accident cover for the pillion rider
      • Cover against third-party liability
    4. TATA AIG Auto Secure–Two Wheeler Package Policy

      The Auto Secure – Two Wheeler Package Policy from Tata AIG offers policyholders a range of benefits, including:

      • Option to purchase up to seven add-on riders/covers
      • Policy buyers can set up insurance renewal reminder online
      • Covers damage or loss of vehicle (total and partial)
      • Covers third-party liability
      • No-claim bonus for every claim-free year
      • Depreciation for parts of the vehicle are pre-defined
    5. Reliance General Insurance Two Wheeler Insurance Policy

      The bike Insurance Policy from Reliance General Insurance can be purchased offline or online. The insurer offers policyholders cashless facility in around 430 partner garages across India.

      The advantages of buying this plan include:

      • Discounts on the insurance premium
      • Choice of add-on riders and covers to customise the policy for an enhanced coverage
      • Hassle-free and timely claims settlement
      • Renewal of policy without paper inspection or any documentation
      • Insurance plans start at Rs.3 per day
      • Payment options to purchase policies online include UPI, debit/credit card, net banking, etc.
    6. New India Assurance Motor Policy

      The Motor Policy from New India Assurance can be purchased to cover all types of vehicles, including bike, cars, commercial vehicles, and motor trade vehicles. Prospective policy buyers can choose between a Liability-Only policy and a Package policy. Listed below are some of the key features of the Motor Policy:

      • Liability-Only policies cover accidental death/injury to a third party and/or damage to property/assets belonging to the third-party
      • Package policy offers comprehensive coverage
      • Policyholders can purchase add-on covers to enhance their base policy
      • Hassle-free claim settlement
    7. SBI General Insurance Long Term Two Wheeler Insurance Policy

      The key features of this plan include:

      • Hassle-free insurance policy renewal
      • Policy tenure or 2 or 3 years with a discount in overall premium
      • Third-party liability premium will remain fixed for the duration of the policy tenure
      • Protects against third-party liability
      • Protects against damage/loss of own vehicle
      • The insurer offers bonuses and discounts on the premium
    8. Bharti AXA Two Wheeler Insurance Policy

      The key features of the bike Insurance Policy from Bharti AXA are:

      • Policy buyers can choose their preferred coverage type. You can choose between a third-party liability cover or a comprehensive cover
      • The insurer has a network of over 2,500 partner garages, where one can opt for cashless facility
      • The insurer offers a no-claim bonus for every claim-free year, thus helping you secure a premium discount for the following year
      • Add-on covers – Personal Accident Cover for Occupants and Zero Depreciation cover – can be purchase to enhance one’s two wheeler insurance policy
    9. IFFCO Tokio Two Wheeler Insurance Policy

      Some of the main features of this policy are:

      • Covers damage of vehicle due to natural or man-made calamities
      • Cover loss of vehicle or theft
      • Provides a personal accident cover, up to Rs.1 lakh
      • Protects members against third-party liability
      • Members can opt for cashless facility at network garages
      • No-claim bonus up to 50% can be claimed by policyholders
      • No-claim bonus can also be shifted from one insurer to the other
      • Policy can be purchased or renewed online
    10. Universal Sompo Motor Two Wheeler Insurance Policy

      This insurance policy can be purchased for vehicles used for personal and commercial uses. The key benefits of this policy include:

      • Provides a cover against natural and manmade disasters
      • Cover against third-party liability
      • Offers a personal accident cover for the owner/driver of the vehicle
      • Optional add-ons can be purchased to enhance the protection of the policy
      • No-claim bonus can be claimed for every claim-free year
      • Opting for a higher voluntary excess can make you eligible for a discount
      • Security modification, like installing anti-theft devices, can make you eligible to receive a discount
      • Depreciation of vehicle parts will be pre-defined

    Claims for Bike Insurance

    If you have met with an accident or if your two wheeler has been damaged in an accident, you will have to file a claim with your insurer. You can choose to file a cashless claim or a reimbursement claim. In case of a reimbursement claim, you will have to pay for all the expenses yourself and then claim for a reimbursement from the insurer. The claim process for both cashless and reimbursement claims are different. However, the general steps that you will have to take are listed below:

    • Firstly, you will need to register your claim with your insurer. If the two wheeler or certain parts of the two wheeler have been stolen or damaged by miscreants, you will have to register an FIR with the police.
    • Next, you will have to get your vehicle repaired. You can choose to have your vehicle repaired at a network garage for cashless facility or at the nearest non-network garage and claim a reimbursement for the expenses that you had to incur. In case you need roadside assistance, you can contact your insurer and have your vehicle towed to the nearest garage.
    • Lastly, you will have to raise a claim with the insurer, submit the required supporting documents, and await your claim settlement. The status of the claim will be communicated to you by the insurer. However, you can also track the claim status directly on the insurer’s website.

    Documents required to File a Claim

    The documents required will vary as per the claim type. The list of required documents may also vary from insurer to insurer. Listed below is a generic list of documents that you will have to furnish, based on the type of claim.

    Documents required for Accident Claims:

    • Copy of your cover note or insurance policy
    • Driving licence (copy and original) of the individual driving the vehicle at the time of the accident
    • Estimate cost for repairs from the garage where the vehicle will be repaired
    • Registration book copy
    • FIR report or the Police Panchnama
    • Signed claims discharge and satisfaction voucher
    • Original paid bill/invoice and payment receipt (in non-network garages)
    • Tax paid receipt

    Documents to be submitted for Third-Party Claims:

    • Claim form that has been signed by the insured individual
    • Copy of police FIR report
    • Driving licence copy of the person riding the bike
    • Copy of insurance policy
    • Copy of the vehicle’s registration certificate
    • Stamp paper is required for company-registered 2 wheeler’s original documents

    Documents required for Theft Claims:

    • Tax paid receipt
    • Service booklet and warranty card
    • Acknowledgement copy of letter to RTO, intimating them of the theft and making the bike ‘NON-USE’
    • Consent of agreement of claim settlement value from both the insured person and the Financier
    • NOC from the Financier if the claim has to be settled in the insured individual’s favour
    • The original insurance policy document
    • Registration book or registration certificate
    • Blank, updated ‘Vakalatnama’
    • Previous insurance policy details, such as the insurer's name, policy number, and period of insurance
    • FIR copy in original
    • Signed Form 28, Form 29, and Form 30
    • Form 35 (signed by Financier)
    • Letter of subrogation
    • Signed claim discharge voucher

    Two Wheeler Insurance-FAQs

    1.What is a deductible? Is it a good idea to opt for a Voluntary Deductible?

    A deductible is a part of the claim that will have to be settled by the insured individual. The insurer will not pay for your share of the deductible. Your premiums are also linked to the deductible. Higher the deductible you opt for, the lower your premium will be. However, opting for a high voluntary deductible is smart only if you are sure that you will be able to pay for your share of the claim.

    2.What should I do in case I lose my two-wheeler insurance policy?

    If you have lost your two-wheeler insurance policy, the first thing you will have to do is file an FIR at a police station. Next, you can apply for a duplicate insurance policy from your insurer. To do so, you will have to submit a written request along with any supporting documents that may be required by your insurer. Your insurer may also ask you to submit a signed indemnity bond.

    3.If my two-wheeler is stolen or lost, how much is the insurer liable to pay me?

    If your two-wheeler is lost or stolen, you are eligible to claim the IDV or Insured Declared Value of the two-wheeler. The IDV will be based on various factors, such as the cubic capacity of the engine, the age of the vehicle, and the geographic location. Also, your premiums are linked to the Insured Declared Value. If your two-wheeler has a high IDV, your premium will be more, and vice versa.

    4.I have recently modified my bike. Am I still eligible to purchase a two-wheeler insurance policy?

    Yes, you can purchase two-wheeler insurance policies for modified bikes. Your premium amount may increase or decrease based on the type of modifications that are done. If the performance or aesthetics of the bike was modified, your premium may also increase. However, if you modified your two-wheeler to increase the security of the bike, then your two-wheeler insurance premium will decrease.

    5. What is the importance of an endorsement for two-wheeler insurance policies?

    While purchasing a two-wheeler insurance policy, you are required to provide certain details about yourself and your vehicle to the insurer. If you have provided any wrong information while purchasing the policy, your claim could be denied by the insurer. Hence, if you realise that you have furnished any wrong details, you will immediately have to make an endorsement. Any changes requested by you once the policy has been issued will be incorporated by way of an endorsement by your insurer.

    6. Can I change my insurer during the policy term?

    Yes, you can port your insurance policy anytime. However, you will have to ensure that you notify your current insurer of your wish to port the policy and submit a written request 45 days before the expiry of the policy. Post this, you can port the policy to a different insurance company, and the accrued benefits will also be transferred.

    7. Do long-term two-wheeler insurance policies come with any exclusions?

    While the exclusion criteria will vary from insurer to insurer, a few general exclusions for long-term two-wheeler insurance policies are:

    • Wear-and-tear of the vehicle
    • Consequential loss
    • Depreciation
    • Breakdown caused due to mechanical or electrical failure
    • Damage/accident caused by someone riding without a licence
    • Damage due to war, nuclear risk, etc.

    8. How is the Insured Declared Value determined?

    The IDV or Insured Declared Value is the maximum sum assured that you can claim for. In case the vehicle is stolen or lost, the insurer will pay you the IDV. The IDV is calculated by reducing the depreciation value from the current selling price of the vehicle. If your vehicle is modified or fitted with accessories that were not installed by the manufacturer, the IDV for these accessories will be calculated separately. A few factors that will determine the Insured Declared Value of your two-wheeler are the vehicle type, vehicle make, the model, the state of registration, etc. When the insurer fixes your vehicle’s IDV, ensure that this value is close to the current market value of your vehicle. You will also have to remember that if your two wheeler has a higher IDV, the premium payable is also likely to be high, and vice versa.

    9. Will installing an anti-theft alarm make me eligible for a discount on the premium?

    Yes, any security-related modifications that you make to your two wheeler will help you secure a lower premium. Security modification, like an anti-theft alarm, make it less likely for your two wheeler to be stolen. In turn, this will reduce the insurer’s risk, which will help in reducing your premium. If you make the security modifications after you have purchased a two wheeler insurance policy, ensure that you immediately notify your insurer of this and have an endorsement made.

    10. What are the various means through which I can pay my two-wheeler insurance premium online?

    Nowadays, most insurers allow policyholders to renew their policy and make the necessary payment online, through the company’s official website. You can choose to pay your premium through Net Banking, Debit/Credit Card, NEFT, mobile wallets, etc. However, you must remember that not all insurers will have all electronic payment methods listed on the site, and you will have to choose from the options that you see on the concerned website.

    11. Will filing a claim cause my premium payable to increase in the following year?

    If you don’t make any claims during your policy year, you will be eligible for a no-claim bonus for the following year. Your no-claim bonus will help you secure a discounted premium for the next year. If you make a claim, you will lose the no-claim bonus, and your premiums may increase the following year. Hence, it is recommended that you don’t file claims for miniscule damages.

    12. How many claims can I make per policy year under my two-wheeler insurance policy?

    There is no limit to the number of claims you can make per year, provided it falls within your sum insured. Anything over this amount will have to be borne by you. However, you should keep in mind that you lose your no-claim bonus if you make a claim.

    13. Can I cancel my policy during the policy tenure?

    Yes, you can cancel your policy any time. Generally, the insurer will refund a proportion of the premium, based on how many months the coverage was not utilised for. Some insurers may also charge you a nominal cancellation fee.

    14. What is the policy period for two-wheeler insurance policies?

    There are annual two-wheeler insurance policies and long-term two-wheeler insurance policies. Annual policies have to be renewed at the end of every policy year, whereas long-term two-wheeler insurance policies can be renewed every 2 or 3 years, as per the policy tenure opted for by. Most insurers have both kinds of policies on offer.

    15. Can I claim tax deductions for a private vehicle that is insured with a comprehensive two wheeler insurance policy?

    No, you can’t claim a tax rebate for premiums that are paid towards insuring your private two-wheeler. However, even without the tax benefits, a two-wheeler insurance policy is something you should not do without.

    16. Can I pay my two wheeler insurance premium amount in instalments?

    No, insurance companies will require you to pay your policy premium in advance, before the cover has commenced. The risk cover can only start once you have successfully paid the premium for the entire policy tenure.

    17. What factors could cause my two wheeler insurance claim to be rejected?

    There are a number of factors that could lead to a claim being rejected, such as:

    • Expired/invalid driving licence: If you don’t have a valid driving licence at the time of the accident or when making the claim, your claim will be rejected, even if the vehicle has been insured.
    • Pre-existing damage: If the damage occurred during some event in the past, your claim will be rejected. Your insurer will only settle claims for new damages.
    • Delay in intimating the insurer: Intimating the insurer of the claim will enable them to confirm facts and process your claim quickly. Excess delay in intimating the insurer will cause your claim to get rejected.
    • Misrepresentation or providing wrong information: While purchasing an insurance policy, you will be required to provide certain information to the insurer. If you submit the wrong information, it could result in your claim getting denied.
    • Unregistered vehicle: As per the Motor Vehicle Act, all vehicles have to be registered with the concerned authority, before being driven in a public place. Hence, if your vehicle doesn’t have a valid registration, your claim could get denied.
    • Overloading of vehicle: If the accident or damage was caused because the motorbike was overloaded, one will not be able to claim a compensation from the insurer. Overloading a vehicle can cause the rider to lose balance, and compromise his/her own safety and the safety of others.
    • Exclusion criteria: All policies come with an exclusion criteria. For example, general wear-and-tear of the vehicle is usually excluded from the policy. Hence, if damage is caused to the vehicle due to natural wear-and-tear, one cannot file a claim.

    18. I am planning to purchase a two-wheeler insurance policy. However, the quotes I received varied from company to company. What causes this difference?

    Each insurer may have a slightly different yardstick to calculate your two-wheeler insurance premiums. Your premium payable will usually depend on the risk taken on by the insurer. A few other factors that an insurer is likely to consider include, the applicant’s riding experience, the policy buyer’s age and gender, the model, make, and type of the two wheeler, the applicant’s credit score, the past claims history of the policy buyer, and the no-claim bonus (if any).

    While the aforementioned factors will play a role in determining your premium, each insurer may have a different premium calculation criteria, and the risk may be calculated slightly differently, which would cause your premium quotes to differ. you can choose an insurer and insurance plan that meets your needs.

    19. What are the various documents I should carry with myself while riding my two-wheeler to avoid being penalised?

    You should always carry the following documents to avoid being penalised in the event of an accident or for ready inspection:

    • Valid driving licence
    • Two-wheeler’s registration certificate
    • Policy document/certificate of insurance
    • Emission test certificate

    20. I hardly use my two-wheeler. Is it still necessary to purchase a two-wheeler insurance policy?

    Yes, the Motor Vehicles Act has made it mandatory for every motorbike owner to purchase an insurance policy for their vehicle, regardless if how often they use it. If you use your vehicle extremely sparingly and don’t want to spend too much on the insurance policy, you can purchase a third-party liability-only insurance policy. Third-party liability policies are significantly cheaper than comprehensive and long-term policies.

    21. Can I renew an expired insurance policy, or will I have to purchase a new policy?

    If your bike insurance policy has expired, you will first need to contact your insurer and inform them of the same. The insurer will have a surveyor evaluate your vehicle, and then issue an insurance policy if the evaluation is cleared successfully. Renewing a lapsed policy, within 90 days, will help you carry forward you no-claim bonus. If you don’t claim your no-claim bonus within 90 days of your policy’s lapse, your accrued benefits will be lost.

    22. Is it necessary to file an FIR if I want to make a claim?

    In many cases, an FIR maybe required to make a claim. If the damage is caused due to miscreants or if the vehicle was involved in an accident injuring somebody else and/or their property, an FIR becomes inevitable. Also, if the vehicle or certain parts of the two wheeler is stolen, you will again have to file an FIR. You will have to submit the FIR copy to your insurer while filing the claim.

    23. I might have to relocate. Will I need to inform the insurer of a change of address?

    Yes, your insurer will have to be informed of your relocation. Any changes that you need to make during the policy tenure will have to be communicated to the insurer immediately. Once you inform your insurer of the same, they will provide you with an endorsement certificate, which will serve as an addendum to your policy document.

    24. Is inspection of the vehicle mandatory for all kinds of bike insurance policies?

    If you are purchasing a new two wheeler insurance policy or renewing a policy that was expired, you will need to get your bike inspected. However, if you want to avoid this step, you can purchase the policy through online channels. If a two wheeler insurance policy is purchased or renewed online, inspection of vehicle can be waived off by the insurer.

    25. How do I view the claim settlement ratio of an insurer? Is it a reliable yardstick to measure the efficiency of an insurer?

    You will find the claim settlement ratio of the insurer on the official website or the IRDAI (Insurance Regulatory and Development Authority of India) website. This information can also be found on certain third-party websites. The claim settlement ratio of an insurer is a very reliable yardstick to measure the insurer’s performance. You should always look for a high claim settlement ratio, since this indicates the company’s readiness to settle claims in a hassle-free and timely manner. It also serves as a good indication of customer satisfaction.

    26. My two-wheeler was damaged in an accident previously. Can I purchase a two-wheeler insurance policy for the same vehicle?

    Most insurers will not provide a two wheeler insurance policy for vehicles that have been heavily damaged in an accident previously, simply because it would be hard to differentiate between past damages and present damages, in case the insured individual was to make a claim during the policy tenure. Hence, if you need to purchase a comprehensive insurance policy, ensure you get your vehicle completely repaired and thoroughly inspected by the surveyor.

    27. What are the benefits of purchasing a two wheeler insurance policy online, as compared to purchasing a policy at the insurer’s branch?

    Purchasing an insurance policy online is hassle-free, convenient and time-efficient. The benefits of purchasing a policy online include:

    • Instant issuance of policy
    • Easy/no submission of documents
    • Facility to opt of policy renewal reminders
    • Multiple premium payment options – debit card, credit card, net banking, mobile wallets, etc.
    • Policy document and policy-related information are easily accessible online
    • Inspection of two-wheeler will be waived off
    • Doesn’t involve any middlemen
    • Some insurers may provide a discount to policy buyers who purchase the insurance policy online.

    While there are many benefits to purchasing a policy digitally, you must remember that not all insurers may provide all the benefits mentioned above.

    28. What is included under comprehensive insurance plans?

    Each insurer may have a slightly different inclusion criteria. Hence, ensure you read through your policy document with utmost detail. Generally, most comprehensive bike insurance policies cover the following:

    • Third-party liability: If any injury is caused to a third-party or if their property or assets are damaged due to an accident, your policy will cover this liability
    • Coverage against natural calamities: Natural calamities, like earthquakes, fire, floods, hurricanes, storms, heavy rains, etc. may cause significant damage to your vehicle. Comprehensive insurance plans provide a coverage against this.
    • Coverage against man-made calamities: Theft, acts by miscreants, damage caused due to collision, etc. are a few man-made events that can cause damage to your two-wheeler. You can file a claim in case vehicular damage is caused due to a man-made calamity.
    • Coverage against personal accidents: The probability of a rider being injured in a two-wheeler accident is very high, unfortunately. If you have a valid comprehensive insurance policy at the time of the accident, you could claim a compensation for the same. In addition, you can also opt for a personal accident cover for the pillion rider, under certain comprehensive two-wheeler insurance plans.

    29. Will I have to undergo any out-of-pocket expenses if I make a cashless bike insurance claim?

    Under cashless claims, the insurer will directly settle the bill with the garage. You won’t have to go through the hassle of paying the bills and claiming a reimbursement. However, if you have opted for a deductible, then you will have to settle your share of the deductible. In this case, you might have to incur some out-of-pocket expenses. Also, if your policy does not cover your accessories and your accessories have been damaged in the accident, your cashless claim will not cover these expenses. You will have to get your accessories fixed or replaced and bear the expenses yourself.

    30. I am planning to sell my bike and purchase a new bike. Is transferring the two wheeler insurance policy necessary or can I just purchase a new policy?

    It is recommended that you transfer your existing policy, instead of purchasing a new insurance policy. Transferring your policy will help you maintain your no-claim bonus. If you just purchase a new policy, your no-claim bonus will be lost. Also, if the buyer of your two-wheeler meets with an accident and then raises a claim, you might have to go through certain hassles. Hence, always ensure you transfer your two-wheeler insurance policy.

    31. Can the no-claim bonus be transferred in case I change my insurer?

    Yes, your no-claim bonus can be transferred even if you change your insurer. You will need to give a written request to your insurer 45 days prior to your policy’s expiry date in order to port your insurance policy. You can then request for a no-claim certificate from your existing insurer, and provide this certificate to the next insurer, and a claim a discount on your premium.

    32. I would like to purchase a long-term bike insurance policy? Will different policy documents be issued for each year or will only one policy document be issued for the entire tenure?

    If you purchase a long-term two wheeler insurance policy for 2 or 3 years, you will be issued a single policy document. You won’t be issued different policy documents for each year. If you need to make any change to your policy, you will need to get an endorsement made.

    33. What are the different types of bike insurance policies available in the market?

    Policy buyers can choose between the following types of bike insurance policies:

    • Third-party liability-only policy
    • Comprehensive bike insurance policy
    • Long-term bike insurance policy

    However, you can customise your coverage by opting for add/on riders. These add-on riders will enable you to enhance the level of protection accorded to you.

    34. How is ‘Total Loss’ defined in terms of two wheeler insurance?

    If your vehicle is damaged to such an extent that the cost of repair exceeds 75% of the IDV or the Insured Declared Value, then your vehicle is said to be under Total Loss.

    35. Why should I purchase a comprehensive two wheeler insurance policy when only a third-party liability policy is mandatory?

    Third-party liability-only policies will provide coverage against damage or injury caused to a third-party or their property/assets. However, a comprehensive 2 wheeler insurance policy will also give you own-damage coverage and personal accident coverage. Further, you can also opt for a cover for your pillion rider, a cover for accessories, etc. You can opt for the type of coverage based on your needs, but a comprehensive insurance plan will provide you a more exhaustive coverage.

    What's next?

    News about Two Wheeler Insurance

    • Suzuki records a growth of 37% this November

      Suzuki Motorcycle India Private limited a subsidy of the Japanese automobile giant Suzuki Motor Corporation, concluded November month with a record sales high of 49,535 units. The company has grown over 37% compared to last year in both domestic and export front. On the domestic front, the company last year sold 30,000 units and this year the company has managed to sell over 42,000 units this year. Exports from the company was recorded at 6813 units. The financial year 2016-2017 was action packed for the company. From April to November the company has sold 3,80,915 units when compared to 3,50,000 units last year.

      Suzuki also launched its new bike Intruder 150cc- India’s modern cruiser in November, and the bike will be open for booking soon.   

      12th December 2017

    • The signature Thump of Royal Enfield may be wiped out in its electrical variant

      The government is rooting for some major changes in the automobile industry by 2030, by achieving its Electrical Vehicle move to save the environment from further damage. While many car and bike manufacturers have been in worry to deliver the same level performance of a fuel engine in its EV as well, Royal Enfield makers not seem to be so. The sound that stand out of the pack, the signature thump may not be available in its electrical model. The company currently uses aluminium engines which creates that thump. Manufacturing the bike in Electrical variant will completely wipe-out the noise.

      The company recently launched its 2 new variants in 650cc range Interceptor and Continental GT in India. These two bikes will hit the European market by April. But the company is well aware of the required changes in Indian market in next few years. To do so, it has partnered with the Swedish company Volvo, and the companies are working in close quarters to achieve a similar performance in its electrical vehicle as well. Every company will now have to start from zero level to reach the desired result. It will be interesting to see who will make it of the lot.

      11th December 2017

    • India contributes to 32% of Honda’s global two wheeler market share

      Honda Motorcycle and Scooter India (HMSI) has been contributing to its Japanese parent company with its tremendous sales in two wheelers. Honda Activa being their star vehicle, the company has sold over 20 lakh volume of the moped variant in the last 7 months. Honda Has presence in over 12 markets across the globe and India leads the domestic industry sales making it their bigger player. Honda India had overtaken Honda Indonesia in June 2016 to become the largest volume contributor for its global sales of Honda Motor Corporation.

      In the past 6 months, HMSI alone has managed to sell from 500 bps to 32 percent globally. In the current fiscal year, Honda Motorcycle and Scooter India has sold 4,60,017 units which is nearly 41 percent more units this November compared to the last year.Of this, it was mainly driven by domestic sales of 4,32,350 units which is 44 percent of the total sales. The company has grown nearly 17% during the current financial year.

      9th December 2017

    • Harley, Triumph and Norton will enter 250cc-750cc range soon

      Royal Enfield has already switched its a-game by entering the midsize vehicle segment (250cc-750cc) with the new release of Continental GT 650cc and Interceptor 650cc. Now its competitors Harley Davidson, Triumph Motorcycles and Norton are ready to enter the market with new models that would appeal to the Indian market. Harley is already ready to roll with its smallest creation Street 750 into the market. BMW has partnered with TVS motors for its manufacturing unit and has started exporting the 310 cc bike from its chennai plant. The bikes will be unveiled in India next year. Norton has partnered with Kinetic Motors for its 650cc model and Triumph Motorcycles has partnered with Bajaj Automobiles. So get ready India, it’s time for biking!

      8th December 2017

    • Delhi Transport Department will auction for fancy numbers for two-wheelers

      For the first time ever, the Delhi Transport Office will hold an auction for fancy numbers for two wheelers. The most fanciest number ‘0001’ has been set at a base price of Rs.50,000. Next numbers starting from ‘0002’ to ‘0009’ is set at a base of Rs.30,000. For numbers like 0010,0099,0786,1000,1111,7777 and 9999 will be held at a base price reserve for Rs.20,000. Fourth reserve is Rs.15,000 for numbers like 0100,0111,0200,0222,0108,1008 and 1313. For numbers other than the specified by the department will be called for a minimum of Rs.5,000. The old numbers could also be retained by paying Rs.500 to the Transport Department. Totally six category number will be registration numbers will be auctioned. Since ‘0001’ is the most fanciest and popular it has more demand in four-wheelers as well. This number is available at Rs.5 lakh for cars.

      7th December 2017

    • Road safety corners launched in 19 parts of the city

      At least 21,000 or more riders and pillion riders were part of some fatal accidents between January to October this year across the state. Bengaluru being so highly populated with two-wheelers on road, safe driving is a vital aspect and the need of the hour. In spirit of this, the State Transport Department has launched 19 safety corners across the city on Monday. These road safety corners are established in automobile showrooms with audio-video systems equipped with simulators and other awareness building resources to sensitise bike buyers with safety tips. Among these the vital things are safety protocols like wearing helmets, carrying documents, driving in speed limits, following traffic rules and sign boards, etc are some important factors. The department has also expressed its concern towards youth below 18 years buying super bikes and other high engine capacity bikes as they are difficult to handle and maneuver on Indian roads.

      6th December 2017

    • TVS Apache RR 310 bike to be launched on December 6

      The all new TVS Apache RR 310cc (Akula) is ready to be launched on this wednesday December 6,2017. It was initially scheduled for launch last year but the production and development spent almost a year to manufacture the bike that is now. Falling in 300-400cc bike category, this new beast will compete with its rivals Bajaj Dominar, Mahindra Mojo, KTM Duke 90,Royal Enfield Classic 350, Benelli TNT 300 and the main being Kawasaki Ninja 300. The price is expected to be in between Rs.1.5 to Rs.1.6 lakh on ex-showroom, Delhi.

      5th December 2017

    • India Bike Week has its top 5 picks of the year

      India Bike Week is regarded as Asia’s largest bike fest which is platform for many bike manufacturing companies to showcase their new models, bike stunts, bike arts and crafts etc. It was recently held in Goa and was a huge success like every year. It has its top 5 picks from the fest and it’s all worth it. Its top pick is Triumph’s Bonneville Speedmaster with 103 bhl power and 1200cc, second pick is Indian Motorcycle’s Scout Bobber, for chopper fans the third pick is Aventura Choppers, BMW K 1600 B Bagger and last but not the least BMW RnineT Racer. So if you have missed out on any of the exciting happenings at the fest you now know the highlight of the event.

      4th December 2017

    • Indian Motorcycle expects a better 2018 with new bike launches

      American super bike maker Indian Motorcycle faced a dip in the sales these two years. With GST, demonetisation, BS-III to BS-IV emission norms changes the superbike range manufacturer had few setbacks in the last financial year. But the company is looking forward to bounce back next year with few goodies in its pockets that would be a delight to its customers and definitely a competitive threat to its rivals, Harley Davidson and Triumph. Indian Motorcycles is wholly owned by Polaris Industries currently manufactures, bikes above 1,200cc capacity with 9 models along with its newly launched super bike Scout Bobber that is priced at Rs.12.99 lakh. The company currently holds only 5 percent of the Indian market segment and hopes to extend its horizon with its new launches lined up for next year.

      1st December 2017

    • Hero MotoCorp’s all new XPluse to be launched next year

      Recently Hero MotoCorp announced that the company will be launching half a dozen bike and scooters in improved engine performances. The company recently unveiled its all new adventures bike XPluse at EICMA in Milan. The bike will be launching its initial production range by June 2018. This will be the first adventurous bike range of the company and it is looking forward for some great responses from its consumers. Bikers have predicted that this will be a competitive bike for Royal Enfield Himalayan variant. The bike will be powered with 200 cc engine, single cylinder, air-cooling vent with 20bhp of power. Although the exact price of this new beast is not revealed by the company, it is predicted that it may fall between Rs.1 lakh to Rs.1.2 lakh on ex-showroom. If it is launched at this price in the Indian market then it will be a real threat to Himalayan variant. This bike is suitable for mountain rides, dirt biking and of course off road rides.

      30th November 2017

    Recent Updates on Two Wheeler Insurance