Two Wheeler Insurance


Two wheeler insurance/Bike Insurance is an agreement between an insurance company and a bike owner, where the former promises the latter to cover the financial liabilities which may arise due to an unforeseen incident involving the insured’s bike. The bike insurance policy protects all types of two-wheelers vehicle like motorcycle, scooter, scooty & moped. There are three kinds of bike insurance plans available in the market namely third-party bike insurance, standalone own-damage (OD) bike insurance, and comprehensive bike insurance. These motorcycle or scooter insurance covers are distinguished on the basis of their coverage. No matter which policy you choose but you should go for bike insurance renewal before the expiry date as it is the only way out to keep your bike insured.

Comprehensive Two Wheeler Insurance

A comprehensive bike insurance policy gives complete coverage by paying your financial liabilities that you may incur towards a third party and by providing compensation for expenses arising due to own-damages sustained by your bike. This policy shields your bike against damages it sustains due to an accident, fire, theft, man-made disasters, natural calamities, self-ignition, explosion, and so on. You can also enhance its coverage by paying an additional premium to purchase add-on covers like zero depreciation cover, roadside assistance cover, engine cover, etc.

Third Party Two Wheeler Insurance

In India, a third-party bike insurance plan is a compulsory requirement to ride a bike. It is also known as liability-only policy which covers bodily injuries, temporary or permanent disability, and death of the third party person due to an accident or a mishap with the involvement of the insured’s bike. This motorcycle or scooter insurance policy also covers the property damage expenses sustained by the third party up to Rs. 1 Lakh, but does not cover damages incurred by the insured’s bike or the insured person.

Buy your Two Wheeler insurance today!