Insurance Checklist for Two Wheeler Owners

• Mandatory under the Indian Motor Vehicles Act, 1988 

• Covers injury, death, or property damage caused to a third party during an accident 

• Protects the policyholder from legal liabilities arising due to third-party damages 

Own Damage Cover 

• Provides financial protection against damage to your own two-wheeler 

• Covers losses caused due to accidents, theft, fire, natural calamities, or other insured events 

Personal Accident Cover 

• Offers compensation in case of accidental death or permanent disability 

• May also reimburse hospitalization expenses resulting from accidents 

Essential Checklist of Benefits Before Buying Two-Wheeler Insurance 

Before purchasing a comprehensive bike insurance policy, evaluate whether it offers the following benefits: 

Long-Term Insurance Option 

• Eliminates the hassle of yearly renewals 

• Helps save on premium costs through long-term discounts 

• Protects against yearly increases in third-party premium rates 

Online Policy Purchase Facility 

• Allows quick and convenient policy purchase without intermediaries 

• Payments are processed through secure online payment gateways 

Cashless Repair Services 

• Access to a wide network of garages across the country 

• Enables cashless claim settlements for vehicle repairs 

Co-Passenger Personal Accident Cover 

• Some insurers provide accident protection for pillion riders or co-passengers as well 

Renewal Discounts 

• No Claim Bonus (NCB) benefits may reduce premium costs during renewal if no claim is made during the policy period 

Flexible Payment Convenience 

• Multiple payment options including: 

• Net banking 

• Mobile banking 

• Debit cards 

• Credit cards 

24x7 Customer Assistance 

• Ensure the insurer provides round-the-clock customer support through calls or online chat services 

Important Add-Ons to Consider

Apart from standard coverage, insurers also offer additional benefits through optional add-ons. 

Zero Depreciation Cover 

• Helps you receive the full claim amount without accounting for depreciation on vehicle parts 

Garage Cash Cover 

• Provides compensation for commuting expenses while your bike is under repair 

No Claim Bonus (NCB) 

• Rewards safe riding habits with premium discounts during policy renewal 

Roadside Assistance 

• Offers emergency support services such as: 

• Towing assistance 

• Flat tyre support 

• Minor on-site repairs 

• Battery jump-start assistance 

Policy Renewal and Online Management 

Most insurers offer convenient digital renewal services and timely reminders before policy expiry. Renewal features are: 

• Renewal reminders through SMS, email, or mobile apps 

• Easy online renewal through websites or mobile applications 

• Secure online payment options for hassle-free transactions 

How to Assess Whether Your Two-Wheeler Cover Is Adequate? 

Once you understand the available benefits and features, it becomes easier to evaluate your existing policy. You May Consider: 

• Upgrading your current policy with add-ons 

• Switching to a new insurer if the existing coverage is insufficient 

• Comparing policy benefits before renewal 

New buyers should always compare policies against a comprehensive checklist before purchasing insurance. 

Important Sections to Review in Your Policy Document 

Your bike insurance policy document contains important details that should always be reviewed carefully. 

Coverage Summary 

• Explains what is covered and excluded under the policy 

IDV (Insured Declared Value)

• Indicates the current market value of your vehicle 

• Plays a major role in determining claim settlement amounts 

Add-Ons Included 

• Lists all additional covers purchased along with the base policy 

Exclusions 

• Specifies situations, damages, or events not covered by the insurer 

Claim Process 

• Provides details about: 

• Claim filing procedure 

• Required documents 

• Submission timelines 

Renewal Date 

• Helps you renew the policy on time and avoid coverage lapses