• Different Types of Motor Insurance in India

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    The primary objective of a two wheeler insurance is to offer protection against damage to the vehicle and liability to third party. But when you start to consider the various types of auto insurance available in the country today, it can get quite overwhelming. How do you assess the amount of coverage you require? Are there ways to protect your vehicle with the necessary coverage in an economical manner? Below we detail the various types of two-wheeler insurances available for your two-wheeler.

    Based on the Coverage Types Based on Purpose of Use
    Different Types of Motor Insurance in India

    Based on the Coverage

    Motor insurance policies can be classified into the following types, based on the coverage they offer:

    • Third-party Liability Insurance - This type of insurance policy is mandated by law for all vehicles plying on the roads. This insurance provides protection to third-party for damages to property or injuries to individual, where the policyholder is accountable for the accident. Third-party liability insurance only covers minimal risks, and it does not protect the policyholder for damage or theft of the insured vehicle, or injuries that he suffers.
    • Comprehensive Insurance - This type of insurance policy covers third-party liability, and the expenses incurred by the policyholder in the event of damage or theft of the insured vehicle. The policyholder also benefits from a personal accident cover that offers compensation if he is injured or faces death in an accident. The comprehensive insurance policy can be enhanced through add-on covers that offer extended benefits.
    • Add-on Covers -  Some of the add-on insurance covers that supplement a comprehensive insurance plan are as follows:
    • Zero Depreciation Cover - This is one of the most popular add-on covers in motor insurance. This policy ensures that the policyholder receives the full claim amount on the value of replaced parts, following an accident. However, this cover is available only for vehicles that are less than three years old.
    • Roadside Assistance Cover - In the event of an emergency such as a flat tyre, battery issues, or an empty fuel tank, this cover provides you assistance even if you are stranded at a remote location. Policyholders can benefit from services like fuel assistance, battery recharge, taxi, or even accommodation assistance.
    • Engine and Electronic Circuit Cover - This insurance covers expenses incurred when there is a damage to the insured vehicle’s engine or electronic circuits.
    • NCB Protection Cover - The No Claim Bonus is a reward given to a policyholder for not making any claims during the policy term. The NCB can amount to a significant reduction in premium for the following year. However, when the policyholder makes a claim in the subsequent years, he stands to lose the accrued NCB. The NCB Protection cover, as the name suggests, does not nullify the NCB in the event of a claim; it just brings down the slab at which the NCB discount is given on premium.
    • Key Replacement Cover - In the case of a lost ignition key, this insurance cover offers reimbursement for a part of the cost of a substitute key.

    Based on Purpose of Use

    Vehicles can be used for private or commercial purposes, and the type of insurance that the owner purchases depends on the intended use of the vehicle.

    • Private Motor Insurance - This type of insurance policy is purchased by owners of two-wheelers who intend to use the vehicle for private purposes. A comprehensive private insurance provides coverage for the vehicle and its owner in the event of accidents, and also offers third-party liability protection.
    • Commercial Motor Insurance - This is an insurance policy that prevents a business from suffering financial loss from damages to the commercial vehicle. It offers third-party liability protection, and accident cover for the driver of the vehicle.

    It is possible to strengthen your two-wheeler insurance by opting for sufficient additional coverages. These days, insurance companies also provide you the convenience of purchasing and renewing insurance policies online. So it is advisable to compare policies and choose one that is appropriate for your needs.

    Types of Motor Insurance in India Reviews

  • Page 1 of 50 1 2 3 4 5
    • Bajaj Allianz Two Wheeler Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I am using the Two wheeler for the past 15 years and I renew the insurance policy only from the BAJAJ ALLIANZ GENERAL INSURANCE company. I have paid Rs,1700 to renew the policy last year . The policy coverage and the plan benefits are good with the BAJAJ ALLIANZ GENERAL INSURANCE company.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 22, 2018
    • Bajaj Allianz Two Wheeler Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have two wheeler, which got insured with the Bajaj Allianz general insurance company. Customer service is good one for me and the response is an excellent one for me with the Bajaj allianz general insurance company. I have not experienced any claims as such.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 22, 2018
    • New India Two Wheeler Insurance
      "Good Policy"
      0.5 3.0/5 "Satisfactory"
      I took bike insurance from new India assurance now it got expired, the old premium was good. The insurance company gave me good IDV value and they got tie up with good garges. They do have cash less option for bike damage, overall its a good insurance company.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 22, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I have a two wheeler insurance with ICICI lombard from last 3 years and it is a good insurance policy to use. This policy has to be renewed every year and i pay a premium of Rs 2400 for this insurance. I do not have claim experience so far with this insurance but i am satisfied the coverage and plan benefits of this policy.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 22, 2018
    • Tata AIG Two Wheeler Insurance
      "Its Better"
      0.5 4.0/5 "Great!"
      When I was purchasing new bike they gave me default TATA AIG two wheeler insurance, they told premium was around Rs. 1600 for one year. They are providing third party cover, accidental cover and road side assistance with 100% cover on my Bajaj avenger.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 21, 2018
    • National Insurance Two Wheeler Insurance
      "Average"
      0.5 3.5/5 "Pretty good"
      I am having the two wheeler insurance policy with the National Insurance company and the premium value is nominal one for me with them like its around 1500 Rupees. Response and other aspects are also good one with the National Insurance company.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 21, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good Protection"
      0.5 5.0/5 "Blown Away!"
      ICICI lombard two wheeler premium was around Rs. 1100 for per year, they gives road side assistance, third party cover and no claim bonus. I have Honda Dream Yuga cost of the vehicle was Rs. 62,000. At the time of activation I got the policy copy from the insurance company its good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 20, 2018
    • National Insurance Two Wheeler Insurance
      "Customer service should be proactive"
      0.5 4.0/5 "Great!"
      National Insurance premium amount was good than other insurance company, customer service is not upto the mark. I paid yearly fee around 1700, they gave me good IDV value. I have Bajaj 150 discover bike, the insurance company gave nominal feature like third party cover, road side assistance.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 20, 2018
    • Reliance General Two Wheeler Insurance
      "Good"
      0.5 5.0/5 "Blown Away!"
      I had a two wheeler insurance with Reliance for past 2 years. The customer service was really good. I would say the claim experience was good and excellent. I have paid 1000 rupees for this insurance. I get a remainder call, message and email for the policy renewal.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 20, 2018
    • Iffco Tokio Two Wheeler Insurance
      "Good"
      0.5 5.0/5 "Blown Away!"
      My friend suggested the two wheeler insurance with Iffco Tokio so I have gone for it through online. I have paid 1150 rupees for one year to purchase this insurance. The process was immediate. I got a proper response from the customer support.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 20, 2018
    • Bajaj Allianz Two Wheeler Insurance
      "Better policy to use"
      0.5 5.0/5 "Blown Away!"
      I am renewing my two wheeler insurance policy from BAJAJ ALLIANZ GENERAL INSURANCE company. I have paid Rs,2000 to renew the policy last year. The customer support is not up to the mark from the BAJAJ ALLIANZ GENERAL INSURANCE company,because they dont give the intimations to renew the policy before the due date.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 20, 2018
    • National Insurance Two Wheeler Insurance
      "Below average"
      0.5 1.0/5 "Really Bad"
      I have a two wheeler insurance with National insurance. I have taken the insurance service directly from National insurance outlet. But I feel they needs to improve their response. The payments are generally through cheques and cash. It is a below average service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 20, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken Two wheeler insurance with ICICI Lombard,the premium amount is 1800 per annum,I make payment at the counter.The policy coverage amount is 50,000,i have no claim experience with them till date.This was taken seven months ago.The model of my bike is Bajaj 200 NS.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 20, 2018
    • Bajaj Allianz Two Wheeler Insurance
      "Good banking"
      0.5 5.0/5 "Blown Away!"
      I have taken Two Wheeler Insurance with Bajaj Allianz,the premium amount is 1500 in year,its four months since i have taken this four months ago.The bike modal is TVS.I am happy using the policy ,the customer service is response is good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 20, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Better service"
      0.5 4.0/5 "Great!"
      I have got the two wheeler insurance policy from the ICICI LOMBARD GENERAL INSURANCE company around 3 years ago. The customer support service is good with the ICICI LOMBARD GENERAL INSURANCE general insurance company. They will give the reminders to renew the policy before the due date.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 19, 2018
    • Reliance General Two Wheeler Insurance
      "Good policy to use"
      0.5 5.0/5 "Blown Away!"
      I have paid Rs,2000 to renew the policy last year from the RELIANCE GENERAL INSURANCE company,. The policy coverage is good with this policy . I never had any claim experience with this policy ., I would say it is good to use the RELIANCE GENERAL INSURANCE company two wheeler insurance policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 19, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have insured my two wheeler with the ICICI Lombard general insurance company. I would like to say that the customer service is good one and the response is better one for me with them. I have not met up the claims with them till now.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 17, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Its Good"
      0.5 4.0/5 "Great!"
      Recently I faced claimed with ICICI lombard, My bike front part doom got damaged, they claimed the amount of Rs. 5000. They sent the executive, he came and took photos and approved my claim. I paid the amount around Rs. 10,000 they claimed Rs. 5000, they got tie up with wider network.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 16, 2018
    • New India Two Wheeler Insurance
      "Its Better"
      0.5 3.0/5 "Satisfactory"
      Earlier I had New India assurance, I paid the amount around Rs. 850 for one year, they gave me better coverage with road side assistance, third party and accidental cover. ICICI Lombard is better than New India assurance. Customer service was okay not that much satisfactory.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 16, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Average service"
      0.5 4.0/5 "Great!"
      Renewing my two wheeler insurance policy from the past 2 years with the ICICI LOMBARD GENERAL INSURANCE company. The response part is average with the ICICI LOMBARD GENERAL INSURANCE company., The policy coverage and the plan benefits are average with the ICICI LOMBARD GENERAL INSURANCE.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
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