Two Wheeler Insurance

Why should I buy two wheeler insurance for my bike?

You should buy Third-party Bike Insurance for your bike as it is mandated by law. It is illegal to ride a two-wheeler without the basic bike policy. You may attract penalties or face imprisonment if you ride the bike without a valid insurance policy. That's the reason why two wheeler insurance renewal on time is also crucial.

However, a Third-party Policy will only cover third-party liabilities. For coverage against damages to your two-wheeler, you may opt for the optional Comprehensive Two wheeler Insurance Policy. It provides a financial cushion if the two-wheeler gets damaged due to accidents and other unfortunate incidents like natural or man-made disasters or fire hazards. The policy even covers events such as vehicle theft.

What does endorsement mean in bike insurance, and what's the difference between premium and non-premium bearing endorsement?

The endorsement in motor insurance refers to making changes to the policyholder's personal details or the policy's terms and conditions. For instance, if you need to change your address, name, date of birth, etc., you can do it via endorsement in the policy.

In a premium bearing endorsement, you need to pay an additional premium, whereas, in a non-premium bearing endorsement, you need not pay any additional premium.

Which is the best bike insurance company in India, and which is the best two wheeler insurance policy to buy?

An insurer offering higher IDV at a lower premium, an easy and hassle-free buying/renewal process and transparent and quick claim settlements can be considered as one of the best two wheeler insurance companies in India. Also, look out for other factors such as customer support and value-added services such as cashless repairs and instant claim settlements for minor damages. As a generalisation, a Comprehensive Bike Insurance Policy can be considered as the best bike policy in India as it provides broad coverage, including third-party liabilities and own damage.

Does my bike's make/model and variant affect the two wheeler insurance premium?

Yes, your vehicle's make/model, variant and the purchase year affect the premium and the IDV.

How can I find out my 2 wheeler insurance policy number?

You can find out your bike insurance policy number via the following methods. You need to have the policy number handy when making bike insurance claims or renewing the policy. So, knowing the bike policy number is important.

• Refer to your policy document.

• Check the email sent by the insurer.

• Log in to your insurance account via website/mobile app to view the policy number.

• Call the customer support team.

How do I check the status of my two wheeler insurance policy?

You can check bike insurance status by logging in to your account via the insurer’s website/app. Once you log in, you can view details such as policy period and policy expiry date. Alternatively, you can also refer to the policy document for the same. You can also call the customer care number provided by your insurer to get the same details.

Is the soft copy of the bike insurance policy valid in India?

Yes, the soft copy of the two wheeler policy stored in PDF format (digitally signed) on your mobile or the DigiLocker app is valid in India. You need not carry the physical document every time you ride your two-wheeler.

My bike has been severely damaged in an accident. What should I do next?

If your bike is severely damaged in an accident, the first thing to do is to intimate the insurer and raise a claim for the same. You can scroll up or login via the mobile app and select the “Claim Now” option. Answer a few questions related to the bike damage, upload the relevant pictures and hit the “Submit” button. Our claims team will take care of the rest.

How to pay two wheeler insurance online?

Here are the digital payment options to pay the bike insurance premium online.

• Debit card

• Credit card

• Net Banking

• UPI (Unified Payments Interface)

• Digital wallets

What will happen to my bike insurance policy if I relocate to another city?

The coverage of your 2 wheeler insurance policy remains unaffected if you relocate. However, you need to update your new address in the policy details. You can do that by visiting our website/app or calling our customer support service. Note that there could be a change in insurance premium depending on the city you are moving to.

How to buy bike insurance at the lowest premium?

To get 2 wheeler insurance at the lowest premium, you can opt for an online insurance purchase. You can bypass middlemen commissions while buying two wheeler insurance online. Hence, you can buy low-cost insurance policies.

What is Standalone Own Damage bike insurance?

It is a type of two wheeler insurance policy that provides coverage against damages to your vehicle.

How do I renew my two wheeler insurance policy?

You can renew your bike insurance online by following these steps. The 2 wheeler policy renewal process remains the same as the new policy purchase process.

Step 1: Visit our website or download the mobile app.

Step 2: Log in to your account and select the renewal option on your Policy Card.

Step 3: Select your preferred plan, pay the premium, and buy bike insurance online instantly.

If you are our new customer, enter your vehicle details to get the policy quote. Choose the plan, pay the premium and instantly get the policy in your inbox.

Can I opt for a different insurance plan while renewing my existing policy?

Yes, you can opt for a different insurance policy during renewal. For instance, if you have a Third-party Plan, you can upgrade to a Comprehensive Plan. 

Can I renew expired bike insurance, and what is the break-in period in two wheeler insurance?

Yes, you can renew your expired two wheeler insurance policy online. The break-in period is nothing but the period between the policy expiry date and the policy renewal date. During the break-in period, your insurance plan remains inactive and you cannot raise claim requests. Usually, a policy purchased after the break-in period is considered as a new insurance plan.

Is it better to buy a multi-year bike policy than a single-year insurance plan?

It is a good option to opt for a multi-year plan when you buy/renew a 2 wheeler insurance plan. We offer you additional discounts if you opt for a 2 or 3-year plan. However, the discount only applies if you opt for the Comprehensive Bike Insurance Policy.

What is the premium in bike insurance?

The premium refers to the amount you pay to the insurance provider in exchange for financial coverage against third-party liabilities or damages to your bike , depending on the type of plan you buy.

What is a grace period in two-wheeler insurance?

The grace period refers to the period after your policy expires. Generally, insurers might provide you with a 30-day grace period to renew the policy without any vehicle inspection and premium hike. However, the policy will remain inactive during the grace period. It also depends on the terms and conditions of the insurance provider.

What does total loss mean in two wheeler insurance?

Total loss refers to vehicle damages that are beyond repair. In other words, if the cost of repair exceeds 75% of the vehicle's IDV, then such a vehicle is declared a total loss. The insurer will compensate you by paying the IDV amount for such claims. That's why it's essential to set a correct IDV when you buy a new policy.

Which documents do I need to provide while raising a claim against my two wheeler policy?

The document list may vary depending on the type of damage or loss. Here are the common documents you may need to file a claim request.

• Insurance policy document

• Valid Driving License (DL)

• Registration Certificate (RC) of the insured two-wheeler

• FIR (if applicable)

• Pictures of damages taken at the time of the mishap

• Other supporting documents (if any)

What are cashless and reimbursement claims in bike insurance?

Cashless Claim is a claim process wherein the insurance provider will directly pay the repair bill (as per policy’s terms and conditions) to the network garage. You only need to get the vehicle repaired, pay the amount that’s not covered by the policy, and the rest will be taken care of by your insurer.

In a Reimbursement Claim, you can repair your two-wheeler at your preferred garage, settle the repair bill and raise a claim for reimbursement with supporting documents such as the original repair bills, payment receipts, etc. 

What does a surveyor do during the bike insurance claim process?

The surveyor inspects and assesses the damage suffered by your two-wheeler and of the third party (if required). Post that, the surveyor will submit a report on the damage assessment to the insurer to process the claim request.

Is it a good idea not to claim for minor damages?

Yes, it is an excellent decision not to raise the claim against your policy if the damage is minimal. It will help you retain your NCB discount for not raising a claim during the policy period. If you have not made any claims for five years in a row, you are eligible for a 50% discount on the two-wheeler policy premium (Own Damage component). Hence, it will be beneficial in the long term if you avoid making claims for minor damages to your bike/scooter.

-October 01, 2022

In a directive by the Delhi government, consumers cannot buy petrol and diesel if they do not have a valid Pollution Under Control Certificate (PUCC). The order aims to curb vehicular pollution in Delhi. The rule comes into effect on 25 October 2022. As per Delhi Transport Department, more than 17 lakh vehicles are plying on public roads in Delhi without a valid PUCC. This includes more than 13 lakh two-wheelers and more than 3 lakh cars. The penalty for driving a vehicle without PUCC is Rs. 10,000 or six months of imprisonment or both, as per The Motor Vehicles Act 1988.