Benefits of Two-Wheeler Insurance For Your Bike


4 min read

Updated on Aug 08, 2023

Two-wheeler insurance is a very popular form of motor insurance in India. This is because two-wheelers are highly favoured modes of transportation in the country. Every day, thousands of bikes and scooters are sold in the country. This makes it essential for two-wheeler owners to get bike insurance plans, as the law in India makes it compulsory to do so. But exactly how beneficial is a two wheeler insurance plan for your bike? Let’s find out.

Understanding a Two-Wheeler Insurance Plan

Let us begin by understanding how a bike insurance policy works. The motor insurance company sells the policy. You pay a premium and get the policy, after which, the insurance provider promises to pay for damages if your bike gets stolen or requires repair after an accident. You can get bike insurance online or offline as there are many policies sold by many motor insurance companies in India.

Features of a Bike Insurance Policy

Type of plan
You can either get a third party bike insurance policy or a comprehensive policy. In a third party plan, only the third party liability charges are covered. There is no protection offered for your own vehicle. This is a basic and compulsory form of bike insurance that you must have. The comprehensive plans, on the other hand, offer a larger scope of cover. Here, you get the third party cover along with coverage for your own bike. A comprehensive plan is more expensive than a third party plan.

Bike insurance is available in two forms – online and offline. Bike insurance online is quite popular these days. You get to choose the best plan after comparing and that too at a lower rate, the offline plans are sold by the insurance agents and there are some very good options here too.

Option for add-on
There are some options available for attaching the riders to your basic bike insurance plan. A rider is an add-on cover that you can buy at an added cost, riders help you to increase the scope of coverage. The best bike insurance riders include the engine cover rider, zero depreciation rider, and the roadside assistance rider, among others.

Benefits of a Two Wheeler Insurance Plan

Here are the benefits you get when you purchase a bike insurance policy:

High cover at low cost
The biggest benefit of a bike insurance plan is that it offers a large cover at a considerably lower cost. The bike insurance plans available in India are quite economical. Also, when you buy two wheeler insurance online, you get to compare and this shows you your best option. There are many good features available in these plans and so you end up getting an excellent cover at an excellent rate.

Easy digital access
The modern-day world has made it easy for everyone to get a bike insurance plan of choice. The availability of bike insurance online makes it simple for anyone to get a policy instantly. The prices are cheaper making it affordable to do so as well. Then, there are features such as the option to get a long-term cover, which further makes it beneficial for the policyholders. Explore the digital world and get all these benefits.

Quick and convenient
It is very easy to get a bike insurance plan these days. You can get a policy online in just a few minutes. The process is very easy, fast, and convenient. You can buy the plan at any time you wish, without worrying about the working hours, etc. You can do so while comfortably sitting at home and just clicking a few buttons. Once the payment is done, the policy document is emailed to your registered email id.

Many riders available
Another benefit is that you can get riders along with the bike insurance plan that you buy. The riders are easily available and they allow you to customize your plan and make it more flexible. Look at all the options and choose the best riders. Remember, you may not need every single rider available, so choose wisely.

Discounts available
There are some attractive discounts you can get when you buy bike insurance. First and foremost, if you have some accumulated NCB, you can use that. Then, you get a discount on the premium of your two wheeler insurance plan if you are a member of an automobile association. There are many such discounts to look forward to.

Keeping these points in mind, you can clearly see that getting two wheeler insurance online proves to be a very good idea.

The Final Word

Whether you choose to buy bike insurance online or you decide to go for an offline option, you will need to have a cover in place. The online plans offer several benefits and you also get to make a completely unbiased choice. Consider getting two wheeler insurance online. Compare your options on and find the best policy to keep your two-wheeler secured.

Also read: 5 Important Points to Compare Two-Wheeler Insurance Online in India | Understanding Grace Period in Two-wheeler Insurance Renewal | Does Two-wheeler Insurance Get Cheaper as Your Bike Gets Older? | How to Check if Your Two-Wheeler Insurance Policy is Genuine or Fake?

Found this post informational? Browse PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance and Investment section. You can visit PayBima to Buy Insurance Online.

Oct 14, 2021
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PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.

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