• Is Bike Insurance Mandatory in India?

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    Two Wheeler Insurance
    • Get liability-only and comprehensive cover
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    We sure do love our two wheelers. What’s better than our own set of wheels to navigate in the congested Indian roads? Not only is it affordable for most of us (with a little help from the friendly folks at the bank), but it is also convenient and relatively low maintenance. In terms of sales and production, the Two Wheeler Industry in India is the largest in the world. India’s two-wheeler market has an overall growth rate of 9.5 percent between the years 2006 and 2014. That means that there are a lot of two wheelers on the roads. The risk that is on the road is equally proportionate. Which is why we need insurance to protect ourselves and our precious vehicles on the road.

    An insurance policy is an investment worth making. It is also, according to Indian law, a necessity. The Motor Vehicle Act covers a variety of expenses that you may have to bear in the event of a two wheeler accident. It also covers your two wheeler in the event of a theft, fire, malicious act, natural disasters etc. Further, the legal liability to third party personal injury and property damage which arises out of the accident is also covered in this, as well as personal accident cover.


    So what is not included in the basic cover that the law expects? Things like loss of accessories, the legal liability to paid driver, personal accident cover for the pillion riders, normal wear and tear, damage due to negligent driver or driving under the influence of drugs/alcohol will not be covered in the basic insurance policy. It is possible to pay a little extra for a comprehensive cover which will cover many more expenses that you will be likely to face in the duration of your two wheeler’s possession.

    How Does A Bike Insurance Protect You?

    Your two-wheeler is always exposed to dangers both off the road and on the road. A motorcycle insurance policy can be a major help in incidents that result in financial losses arising out of unexpected events such as accidents, thefts, natural disasters and so on. Likewise, if a loss or damage is caused to a third person or their properties, a two-wheeler insurance policy acts as a shield you from any liabilities emerging out of the same. A third-party insurance cover is the minimum and basic level of insurance that is legally enforced in India. Nonetheless, it is a wise to get a strong motor insurance policy to have a backup plan in any vehicle related mishaps.

    What Is Covered In A Two-Wheeler Insurance Policy?

    There are a several kinds risks for which your insurance policy covers you. Some of which are explained below:

    1. Harms Or Losses Due To Natural Calamities:

      Disastrous events, for example, tremors, storms, earthquakes, floods and more. They may not or might be anticipated but one can't easily avoid the effects of the same on property and human lives. The best thing to do is to get an insurance policy that covers you against all such incidents.

    2. Coverage Against Man-Made Calamities:

      There can be a chances of man-made malicious acts that may cause damage to your vehicle. For example, robbery, thievery, riots, and different vindictive acts by people are likewise secured under a bike insurance policy. Be that as it may, harms or misfortunes caused because of assault or attack by an outside nation are not covered in a policy. It is smarter to have your bike insured to have a financial backup when any such incident occurs.

    3. Cover For Accidental Injuries

      An accident happens by accident and you have no control over it. Many a times it won't be your fault but you may get into events that may cause bodily injuries. There could be inward wounds, disengagement of joints, fractures and different wounds that can be covered under your bike insurance policy.

    4. Partial Disability Caused Due To An Accident

      There could be mishaps that may result in partial inability, for example, transitory loss of motion, or incapacity of some other part of body. With a two-wheeler insurance policy, you are financially secured against any such misfortune (To the extent of coverage offered in the policy).

    5. Total/Permanent Disability Due To Accident

      Failure to walk or loss of vision are the examples of permanent disability. Your two-wheeler insurance covers the misfortunes and additionally the costs on treatment.

    6. Demise Of Policyholder

      In the event of deadly mishaps that lead to the death of the policyholder or a third person, the insurance policy provides compensation to the nominees in the policy.

    7. How To Buy A Bike Insurance Policy Online?

      Purchasing a two protection today isn't as tough as it used to be. With the computerized ecosystem growing in India, you would now be able to purchase a motor insurance policy online. All you are required to do is slog on to the site of the insurer on the web, fill in all the details and purchase the policy. Additionally, there are numerous third-party sites where you can compare various policies and select the one that best suits your needs.

      If you are not happy with the online buying process, you may buy a policy with the help of agents/ brokers and insurance agents.

    Two Wheeler Insurance Online

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    Is Bike Insurance Mandatory in India? Reviews

  • Page 1 of 50 1 2 3 4 5
    • Bajaj Allianz Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have my two wheeler insured with Bajaj Allianz from last 6 months, i am happy with the coverage value of this insurance policy. I have not claimed anything so far from this insurance policy. I pay a premium of Rs 1200 which has to be paid every year for this insurance policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 21, 2018
    • Bajaj Allianz Two Wheeler Insurance
      "Good Policy"
      0.5 3.0/5 "Satisfactory"
      I have a health insurance with Bajaj Allianz from last 1 year, i am happy with the coverage value of this insurance policy. I am not aware of the premium amount as my company pays it. I have no claim experience so far with this insurance and i have a coverage of Rs 4 lakhs for this insurance.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 21, 2018
    • National Insurance Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have my two wheeler insured with National insurance from last 5-6 years, i am happy with the coverage value of this insurance policy. I pay a premium of Rs 1200 which has to be paid every year for this insurance and i have not claimed anything so far from this insurance.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 21, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Average policy"
      0.5 4.0/5 "Great!"
      I have taken a two wheeler insurance policy in the ICICI . Whenever i visit the petrol, i used to take the insurance over there. I never claimed the policy so far. I used to pay the premium amount of Rs. 800. I used to make the payment through cash. I'm not aware of the plans and benefits of the policy. I have taken this policy 1 year.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 20, 2018
    • Oriental Insurance Two Wheeler Insurance
      "Good Service so far"
      0.5 5.0/5 "Blown Away!"
      I've a bike insurance policy with the Oriental Insurance Company, I pay a premium of 1600, I do not have any claim experience with the policy. So far it has been a good experience with the policy. I'll have to wait and see how they respond to my claim in case if I'll have any in future.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 20, 2018
    • United India Two Wheeler Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've been using the United India Bike insurance for a while. I am paying a premium of 1180 per year. I am paying it office. The service is a good. There is no Claim experience with this policy. This policy only covers metal parts of the bike. Overall it has been a hassle free experience with the United India.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 20, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good policy"
      0.5 3.0/5 "Satisfactory"
      The premium which i have to pay for my two Wheeler insurance is 2500 for 2 years. The policy has been taken from ICICI Lombard. They provide 100% coverage and accidental coverage. I have no claim for my two wheeler. Its a good policy.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jun 20, 2018
    • HDFC Ergo Two Wheeler Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      I have my two wheeler insured with HDFC ERGO from last 1 month, i am happy with the coverage value of this insurance policy. I have not claimed anything so far from this insurance policy. A premium of Rs 1470 has to be paid for this insurance policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 20, 2018
    • Bajaj Allianz Two Wheeler Insurance
      "Wonderful"
      0.5 5.0/5 "Blown Away!"
      I have insured my two wheeler with the Bajaj allianz general insurance company. I would like to say that the premium amount is around 5500 Rupees. Customer service is good and the response is nice one too with the Bajaj allianz general insurance company.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 20, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good "
      0.5 4.0/5 "Great!"
      I am having the two wheeler insurance policy with the ICICI Lombard general insurance company. I have paid around 1100 Rupees as premium. I have not faced any claims with them till now and everything is better one with the ICICI lombard general insurance company.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 20, 2018
    • National Insurance Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have my two wheeler insured with National insurance from last 20 years and it is one of the good policy. I have not claimed anything so far from this insurance policy. I am happy with the coverage value of this insurance policy and i pay a premium of Rs 750 for this insurance.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 19, 2018
    • Iffco Tokio Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a two wheeler insurance with IFFCO TOKYO from last 1 year, i am happy with the coverage value of this insurance policy. I have not claimed anything so far from this insurance policy. A premium of Rs 1100 has to be paid every year for this insurance policy.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 19, 2018
    • Iffco Tokio Two Wheeler Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have insured my two wheeler with the Iffco tokio general insurance company. I would like to say that the customer service is good one too with them and everything is super one too. I am happy with the Iffco tokio general insurance company till now.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Jun 19, 2018
    • Bajaj Allianz Two Wheeler Insurance
      "Average"
      0.5 3.0/5 "Satisfactory"
      I am using two wheeler insurance policy from the Bajaj Allianz general insurance company. I would like to say that the customer service is good one and the coverage value is around twenty five thousand Rupees to thirty thousand Rupees.
      Was this review helpful? 0
      , guntur
      Reviewed on Jun 19, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Excellent Claim Experience"
      0.5 5.0/5 "Blown Away!"
      Once i have a claim experience with ICICI. I can claim around 15K from this insurance. The claim process is very smooth process. They have a cashless claim facility. Their people will take care of the claim. Whatever the amount i can reimburse in this policy it has met. I have paid the premium around Rs.1100 every year.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 18, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I've been using the ICICI Lombard bike insurance for a while. I pay a premium of 9000 per year, the features are good but the premium is bit high when comparing to other insurance providers. I do not have any claim experience with the policy. I never faced any issues with the payments too.
      Was this review helpful? 0
      , thane
      Reviewed on Jun 18, 2018
    • HDFC Ergo Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have taken two wheeler insurance from Hdfc ergo general insurance for this. I made the payment for 2 years through on line banking . Customer service and response is good . It has good policy coverage with good policy benefits like vehicle towing and cashless garage.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 17, 2018
    • Iffco Tokio Two Wheeler Insurance
      "GOOD"
      0.5 3.0/5 "Satisfactory"
      I have been holding my two wheeler insurance since 2009. I got through the showroom. Premium is good and it is normal when compared to the others. I had no claiming from my insurance. Policy coverage and plan benefit i have no idea. No theft coverage. Payment i do through the cash.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 17, 2018
    • Bajaj Allianz Two Wheeler Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've been using the Bike Insurance from Bajaj Aliianz for the past 3 years . I pay a premium of 1200 per year. I do not have any claim experience with the policy. I got this policy from the showroom and I never faced any issues with their services. Overall it has been a smooth experience with them.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 16, 2018
    • Royal Sundaram Two Wheeler Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      My bike is insured with the Royal Sundaram Insurance company. I am paying a premium of 1200. I got this policy from the bike showroom. I make payment at the Royal Sundaram branches and the staff are friendly. I do not have any claim experience with the policy.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 16, 2018
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