What are the types of Bike Insurance available?

A two-wheeler is a handy vehicle to own and maintain. You can roam wherever you want without worrying about traffic congestion. You cruise your way through the queue of vehicles and reach your destination on time. It is common to find bikes and scooters in India as they are another popular transport mode after cars.

It is compulsory to buy Bike Insurance in India, according to the Motor Vehicle Act, 1988. The Insurance Regulatory Development Authority of India regulates the companies and policies issued to the public. You pay hefty penalties for not owning a valid policy. The Third-Party Liability is the minimum requirement for two-wheelers.


Consequent to the Supreme Court’s orders, all companies should issue five-year Third-Party Insurance to new two-wheelers. There are two types of covers under Two-Wheeler Insurance:

Third-Party Liability

This covers the third-party expenses since the beneficiary is someone other than the policyholder and company. It provides coverage of the insured person’s legal liability towards the death or disability caused to the third-party or loss or damage to their property for five years. Further, you get Personal Accident Insurance for a year.

The sum insured for the Third-Party Two Wheeler Insurance increased from Rs. 1 lakh to Rs. 15 lakh in 2018. If you own more than one bike, you pay the Personal Accident Insurance for only one. The premium paid covers for provided compensation if any of the insured vehicles the driver owns meets with an accident causing death or permanent disability of the rider.

Comprehensive Cover

You can buy this for the online Bike Insurance that compensates for you and your bike’s damage. In other words, it includes Third-Party Liability, your injures, and vehicle damage. You get other add-on coverage options as well, including Zero Depreciation covering the consumables cost.

In a nutshell, the Comprehensive 2-Wheeler Insurance protects the bike against theft, loss, and damage.  The owner also gets Personal Accident Insurance owing to accidents. Additionally, it also offers Third-Party Liability.

Long-term policies

Generally, when you buy a Comprehensive Plan for your online 2-Wheeler Insurance, renew it every year. But nowadays, you can opt for a long-term policy and get rid of the trouble. The plan protects you from premium rate hikes, offers you a No Claim Bonus benefit for safe riding, and longer coverage.

Checklist of benefits

Before buying the policy, ensure the plan has long-term validity. You escape the hassles of annual renewal, get exciting discounts on the premium, and insulation from the yearly rise in the premium. Buying the policy online removes intermediaries, and you pay the premium directly to the company through secure payment gateways.

These days, all General Insurance companies have a vast garage network in India to make cashless claims. They also offer Personal Accident Cover for co-passengers and the driver. You get an NCB discount during policy renewal for raising no claims in the previous term.


Almost every insurance company offers Net Banking, Mobile Banking, and Online Banking payment facilities. Digital transactions are safe through a secure payment gateway that prevents third-party access and interference. You also get 24*7 calls and online chat support from them during an emergency or resolving queries.