What is bike insurance?

Bike insurance is a contract between you and the insurance company that protects you against financial loss in the event of an accident or theft.  In India, having third party liability cover on your bike Insurance is a must as per law.

What is covered in bike insurance?

Bike Damage

  • Fire
  • Natural Disasters
  • Manmade Disasters
  • Accidents

Theft & Burglary

Covers for the losses incurred if the bike is stolen

Third Party Liability

your legal responsibility to others for bodily injury or property damage

Personal Accident

Personal Accident for Owner/Driver and passengers

What are the different types of bike insurance policies?

Bike package policy

It covers not only the costs incurred on damages to a third party but also the damages to your bike. This policy type also covers bike theft and damages caused by fire, burglary and natural disasters.

Stand-alone own-damage bike insurance

If you have an active third party insurance policy of the vehicle, you choose to buy only stand-alone own-damage bike insurance. This policy will cover you for any accidental damages to your bike. These could be due to natural disasters like earthquake, flood, cyclone, and landslide, or due to manmade disasters like theft, burglary, riot or strike.

Third party bike insurance

This policy will cover you against legal liabilities arising out of an accident. If your bike causes injuries to a third party or damages surrounding property, then this policy will pay for the expenses.

Add-on benefits

You can choose from wide range of add-ons, for an additional premium. These add-ons give you amazing benefits at the time of any claim

Zero depreciation cover

As the bike turns older, the value of its parts decreases or depreciates. A Zero Depreciation add-on compensates you even for the depreciation amount, which is not paid if this add-on is not opted for.

Roadside assistance cover

This over helps you during breakdown/accident of you vehicle by providing assistance when you are stranded with towing to network garage, battery jumpstart and minor repairs

What is not covered in your bike insurance

Loss due to willful negligence

Loss or damage if the driver is under the influence of intoxicating liquor or drugs

Driver not duly licensed at the time of accident

Vehicle is being used outside the scope of limitations like for testing/racing/geographical scope

Loss due to nuclear weapons or radioactivity, war and other related activities

Consequential loss, depreciation, consumables, wear & tear, mechanical & electrical breakdown / failure of breakages - on account of the fault of the manufacturer

What is insured declared value (IDV)?

The sum insured value of the bike or Insured Declared Value (IDV) of the bike will be the 'Sum Insured,' fixed at the commencement of each policy period for the insured vehicle. The IDV gets depreciated every year basis age wise depreciation chart


No Claim Bonus (NCB) is discount on the Own Damage premium of Car Insurance Policies earned by the owner for having no claim in a previous year. No Claim Bonu can got upto 50% if there is no claim reported for straight 5 years. No claim bonus is transferred to a new car bought by the same owner.

Frequently Asked Questions (FAQs) on Bike Insurance

  • Does place of residence affect the premium amount?

    The amount of the premium you pay is determined by the zone you live in. The Indian Motor Tariff Act has specific zones that have a different rating and this affects the amount of premium. The city of registration of the vehicle is what determines the premium in these zones, even though the place of use and insurance renewal may be different. For quick reference, here is a general categorization:

    Zone A: Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, Mumbai, New Delhi, and Pune. Zone B: Rest of India

  • Does the make/model of a bike affect premium amount?
  • What is compulsory excess?
  • Is it possible to pay premium for bike insurance in installments?
  • When should I renew my bike insurance?
  • How do I change the registration address or vehicle information on the insurance policy?
  • What do I have to keep in mind when I transfer my insurance to the purchaser of my vehicle?
  • What documents do I need to submit at the time of claim?
  • How do I transfer the insurance when I am selling my bike?
  • Am I eligible to get NCB on expired policy?
  • What to do if the insured vehicle meets with an accident outside the city, area or state from where the policy is issued?
  • What is break in renewal policy or what is Expired insurance contract?
  • Why should one have a comprehensive insurance policy when law mandates insurance only for 3rd party injury, death or property loss?
  • What's my liability if someone else is driving my vehicle at the time of accident?
  • What is an endorsement in bike Insurance?
  • Under what circumstances, an endorsement is issued?
  • What are the different documents that are required for endorsement?
  • What are the important things I should bear in mind while insuring my vehicle?

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