India Two Wheeler Insurance Introduction

Along with the two-wheeler insurance policy that you avail yourself of, there are different types of add-ons covers which you have the option to avail as well. These add-on covers provide specific benefits. Some of them are given below: 

1. Personal Accident Cover : Similar to third-party bike insurance, Personal Accident cover is legally mandated. While bike insurance provides coverage for your vehicle, the PA cover offers financial protection in case of disability or death resulting from an accident while riding your bike or scooter. 
2. Zero Depreciation Cover: Another important add-on is Zero Depreciation bike insurance, which protects against the depreciation of bike parts. This ensures that you receive the full claim amount without any deductions related to the depreciation of vehicle components, making it particularly valuable when insuring a new bike. 
3. Loss or theft of key: Additionally, the key replacement add-on cover comes in handy in situations where your keys are stolen or need replacement. With this cover, the insurer incurs the cost of replacing the key, providing immediate assistance. 

Why you Must Purchase a Two-Wheeler Insurance Policy in India?

If you own a two-wheeler vehicle, then it is mandatory to have a valid two-wheeler insurance policy. However, there are various other reasons why you must have a two-wheeler insurance policy: 

1. Provides personal accident protection: With a two-wheeler insurance plan, you gain coverage for permanent disabilities resulting from accidents. In the unfortunate event of death, the insurance company provides compensation, typically equivalent to the sum assured, to the designated nominee. 
2. Lessens financial strain: Owning a two-wheeler entails the desire to safeguard your valuable asset from all potential risks. Damage or theft of your bike not only causes emotional distress but also financial setbacks. Insurance coverage mitigates this burden by compensating for vehicle damages and medical expenses for injuries incurred. 
3. Ensures legal security: As previously mentioned, obtaining two-wheeler insurance is a legal requirement in India. Therefore, insurance safeguards you from financial and legal complications in cases of theft, loss, or damage to your vehicle. 
4. No-Claim Bonus Transfer: NCB, short for No Claim Bonus, represents the discount provided by insurers to policyholders who refrain from making any claims during the policy term for own damage cover. When purchasing a new two-wheeler, transferring the NCB to procure a new bike insurance policy online is a seamless process. 

When seeking specific two-wheeler insurance coverage, you'll encounter various insurance options offered by different companies. 

India Two-Wheeler Insurance Features 

The features of online two-wheeler insurance policies in India are given below: 

1. Instant Claim Settlement: You can get your claim settled online quickly by logging in to your insurer’s customer account, respond to a few queries, and upload images displaying bike damage. For minor damages, expect the claim settlement amount within 2 hours. 
2. No middlemen involved: Purchasing insurance online eliminates middlemen commissions and other overhead costs. This enables us to provide low-cost two-wheeler insurance plans with zero paperwork. 
3. Minimal documentation: No more tedious form-filling or document submissions when purchasing our two-wheeler insurance online. This hassle-free process extends to bike insurance renewal as well. Just provide bike-related information and details of your previous bike policy for seamless purchase or renewal of two-wheeler insurance. 

India Two-Wheeler Insurance Inclusion

You will be provided coverage in case of damage to your vehicle under following conditions:

1. Damage due to injury, death, or property damage. 
2. Coverage provided if vehicle damaged due to vandalism. 
3. Vehicle damaged due to an act of God such as cyclone, earthquake, etc. 
4. Damages caused due to fire. 
5. If your vehicle is stolen, then you will be provided coverage for the same. 
6. Damage caused during transit via rail, air, road, waterway, etc. 

India Two-Wheeler Insurance Exclusion 

You will not be provided coverage in case of damage to your vehicle under following conditions:

1. Damage caused due to normal wear and tear. 
2. Damage caused due to civil or nuclear war. 
3. Electrical or mechanical breakdown. 
4. Damage caused due to the person driving under the influence of alcohol. 

1. If the insurer doesn’t have a valid driving license. 
2. Damage caused when the vehicle was being driven outside the geographical limit as mentioned in the insurance policy.
3. Contractual liability-based losses. 
4. Depreciation due to the regular usage of the two-wheeler insurance policy. 

How to Purchase India Two-Wheeler Insurance Policy Online ?

You can either visit the official website of the insurance company or any of the third-party websites to purchase a suitable two-wheeler insurance policy. You will have to select the RTO and provide details such as your Aadhaar, driving license detail, detail of your vehicle, etc. and upload them. Once all the details are verified and correct, you can pay the insurance fees. The details of your insurance policy will be sent to you. 

You can purchase a two-wheeler insurance policy offline too by visiting the office of the respective insurer along with all the necessary documents. Once you provide all the documents and make the payment, they will be verified. If all the details are correct, your application for the two-wheeler insurance policy will be approved. 

 How to File an Online Cashless Claim for India Two-Wheeler Insurance ?

The steps to file an online cashless claim for two-wheeler insurance are given below: 

1. Access your account through the insurance company website or mobile application. 
2. Navigate to the ‘Claim’ button located on the Policy Card. 
3. Respond to inquiries concerning vehicle damage and upload images depicting the damaged two-wheeler. After completing this step, select the ‘Submit’ button to initiate your claim. 

When you should Claim India Two-Wheeler Insurance? 

Under the following conditions should you file your claim for two-wheeler insurance: 

1. In the event of significant damage caused by accidents, disasters, or theft, you have the option to file a claim under your insurance policy.
2. For minor damages such as a broken mirror, it is advisable to refrain from filing a claim to preserve your No Claim Bonus (NCB).
3. Avoid filing a claim if the repair cost for the vehicle is lower than the deductible amount.

Documents Required to File Claim for India Two-Wheeler Insurance 

When you file your two-wheeler insurance policy claim, you will need to submit the following documents given below: 

1. Driver's License (DL) 
2. Two-wheeler vehicle Registration Certificate (RC) 
3. Proof of identification for the policyholder 
4. Two-wheeler Insurance Policy 
5. Original twho-wheeler keys 
6. First Information Report (FIR), if necessary 
7. Non-traceable Certificate (if necessary) 
8. Fire brigade report (if filed) 
9. Original repair invoices 
10. Original payment/cash receipts 

How to Renew India Two-Wheeler Insurance Policy? 

To renew your two-wheeler insurance policy, follow these steps: 

Step 1 - Visit the official website of your insurance provider or go to their mobile app. 

Step 2 - Navigate to the ‘Renew’ or ‘Renewal’ section on the website or app. 

Step 3 - Enter the required details such as your policy number, vehicle registration number, and personal information. 

Step 4 - Review the details of your existing policy and select the renewal tenure. 

Step 5 - Proceed to make the payment for the renewal premium using the available payment options. 

Step 6 - After successful payment, you will receive a confirmation of your renewed policy via email or SMS. 

Step 7 - Download the renewed policy document and keep it safely for future reference.