Two Wheeler Insurance

Two-wheeler insurance is an insurance policy that covers multifarious damages that may occur due to an accident, theft, or natural disaster.

2 wheeler insurance gives protection against third party liabilities arising from injuries.

What is Bike Insurance?

Bike insurance is a legal contract between the insurer and the two-wheeler policyholder in which the company provides financial coverage to your bike against damages due to an accident.

6 Reasons to Buy Two Wheeler Insurance Online

  1. No Extra Charges
  2. No Previous Two Wheeler Policy Details Needed
  3. No Inspection or Documentation
  4. Easy Renewal of Expired Policy
  5. Quick Claim Settlement
  6. Online Support

Types of Bike Insurance Plans in India

  • Third-Party Bike Insurance

Third-party bike insurance protects against all the legal obligations that arise out of causing damage to the third party.

  • Comprehensive Bike Insurance

Comprehensive bike insurance protects against any damage to the vehicle .

Benefits of Two Wheeler Insurance

Let’s take a look at the various benefits of buying two-wheeler insurance:

  • Financial Protection: Two-wheeler insurance provides coverage that saves a lot of money in case of an accident, theft, or other damages.
  • Accidental Injuries: It covers accidental injuries that you may have suffered.
  • Cost of Spare Parts: Two-wheeler policy covers the cost of spare parts, including which have become costlier.
  • Peace of Mind: The insurer will take responsibility for all unwanted expenses so that you can ride without worry.

What is Covered Under Two Wheeler Insurance Policy?

  • Losses & Damages Due to Natural Calamities

Any damage caused due to natural calamities, such as earthquake, flood, storm, tempest, and landslide and among others will be covered.

  • Losses & Damages Due to Manmade Calamities

Two-wheeler insurance covers various manmade calamities, such as malicious acts, terrorist activity, and any damages caused by road, rail, elevator or air, etc.

  • Personal Accident Coverage

A personal accident covers up to Rs. 15 lakh for injuries to the owner of a bike that may result in temporary or permanent disabilities.

  • Theft or Burglary

It provides compensation to the owner in case of insured motorcycle or scooter gets stolen.

  • Fire & Explosion

It covers damages caused due to fire or an explosion.

What is Not Covered under Two Wheeler Insurance Policies?

  • Damages caused by normal wear and tear of the vehicle.
  • Loss from any mechanical or electrical breakdowns.
  • Depreciation loss from regular use.
  • Damages to tires and tubes due to the normal course of running.
  • When the bike was being driven by someone without a valid driving license.
  • Damage caused due to alcohol or drugs
  • Any damage incurred due to war or mutiny or nuclear risk

How to Claim Two Wheeler Insurance Online?

Here are some simple ways of filing a two-wheeler insurance claim online with your two-wheeler insurer online.

Let us discuss both types of claims in detail.

  • Cashless Claim: the claim amount will be directly paid to the garage where the repairs were done.
  • Reimbursement Claim: This claim can be registered if you get the repairs done at a garage that is not in the list of approved garages.

What are the Documents Required for Filing a Claim for Two Wheeler Insurance?

Here is a list of documents that you need to submit while filing a claim with your insurer:

  • Registration Certificate (RC) of your bike
  • Driving license copy
  • Copy of your policy
  • Duly signed claim form
  • Police FIR (in case of mishappening)
  • Original  Repair bill receipt
  • Proof of release
  • Enter the required details
  • Pay the premium amount through debit/ credit cards or internet banking
  • The policy will be issued and you will receive the document on your registered email id