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Two Wheeler Insurance - Everything You Want To Know

Two Wheeler Insurance with PayBima

In India, the rules for vehicles running on the road are governed by the Motor Vehicles Act, 1988. The Act specifies that every car and two-wheeler should carry a valid third party insurance policy if it is to run on Indian roads. So, if you own a bike or a scooter, you need a two wheeler insurance plan on it to run your vehicle legally.

What are the different types of two wheeler insurance plans available in India?

There are various types of two-wheeler insurance plans. These include the following –

Types of two wheeler insurance plans Brief description
Third party liability only plans These plans, as necessitated by the Motor Vehicles Act, cover only third party financial liabilities. These liabilities arise if you cause injury or death to any third party in an accident involving your two-wheeler. Moreover, third party property damages are also covered under this plan
Comprehensive package plans These plans provide a combination of two types of coverage benefits. The first part of the plan covers third party legal liabilities which arises when a third party is hurt or killed or his property is damaged because of your two-wheeler. The second part of the coverage is called the own damage cover. This covers damages suffered by the two-wheeler itself and pays for the applicable cost of repairs
Long term two-wheeler insurance plans IRDAI allows comprehensive two-wheeler insurance plans to be offered for a longer tenure of 2 or 3 years. This removes the hassle of annual renewals. Also, you are protected against an annual increase in third party rates by IRDAI
Long term third party liability plans These plans are available only for new bikes. They offer long term coverage for 5 years against third party liabilities. If you are buying a new bike, you have to get coverage against third party liabilities for a continuous period of 5 years. This is where this policy becomes mandatory
Standalone Own damage plan It provides protection against damages to your bike in case of accidents, theft, fire or natural calamities. It can only be bought if you already have an existing third party insurance cover valid for at least a year
Bundled Insurance Plan New Bikes need to have a mandatory third-party insurance coverage for at least 5 years and hence a Bundled Insurance Policy can be availed for the same. This plan offers 1-year own damage cover and 5 years third party cover

Key Features of Two Wheeler Insurance Policy

Two wheeler insurance plans have some notable features that differentiate them from other insurance plans available in the market. These features are as follows –

Comprehensive and Liability Only Coverage

If you have a two-wheeler, you have the option to choose a comprehensive or third-party insurance cover.

Coverage tenure

Two wheeler insurance plans are available as annual plans or as long term insurance plans. You can buy either of these policies and get covered. However, for new bikes, mandatory 5-year third party coverage is a must. You can opt for this mandatory cover and then an annual standalone policy or a bundled policy which offers 5 year third party coverage and 1 year own damage cover.

Optional Coverage

You can choose from a long list of optional covers in your two wheeler insurance policy. These optional coverage benefits are called add-ons and they are available at an additional premium under comprehensive two-wheeler insurance plans.

Easy Transfer of No Claim Bonus (NCB)

If you do not make claims in your policy in a year, you receive a no claim bonus which allows a premium discount on renewals. Your no claim bonus can be easily transferred to another insurer if you port your policy. Moreover, if you sell your bike and buy a new one, you can transfer the accumulated no claim bonus to the new bike insurance policy as well.

Quick Issuance for Online Purchase

Two wheeler insurance plans are available online. If you buy bike insurance online, the policy would be issued instantly after you provide the information of your bike, finalize the coverage, and pay the premium.

Personal Accident Cover of Rs. 15 Lakh

The IRDAI has made it mandatory for you to have a personal accident cover that covers accidental deaths and disablements. You can buy a cover of Rs.15 lakhs at an affordable premium with your two wheeler insurance policy. However, if you already have a personal accident cover in your name, you don’t have to buy another one with your two wheeler insurance plan.


The IRDAI approves of several discounts on the purchase of a two wheeler insurance policy on selected grounds. For example, if you are a member of an automobile association, have an anti-theft device installed, etc., can get you some great discounts. If you have a previous NCB too, you can get a discount on the renewal premium. Compare bike insurance policy online to look for the maximum discounts.

Benefits of a Two Wheeler Insurance Plan

A two wheeler policy is a mandatory cover that is needed when you drive your bike on the road. Besides being a mandatory cover, a two-wheeler insurance policy provides you with complete financial security when using your bike. There are other benefits of a two-wheeler insurance policy that makes the policy a useful addition to your portfolio. Let’s have a look at the various benefits that you can avail from a two wheeler insurance policy.

What is covered in a Two Wheeler Insurance Plan?

  • Financial loss due to theft of your two-wheeler
  • Third party legal liability suffered in the following cases
    1. If you cause bodily injury to any individual
    2. If an individual dies in an accident involving your two-wheeler
    3. If you damage any individual’s property
  • Damages to the two-wheeler due to natural disasters like flood, earthquake, landslide, hurricane, storm, cyclone tempest, typhoon, lightning, etc.
  • Damages to the two-wheeler due to man-made calamities like fire, explosion or implosion, riots, malicious acts, strikes, etc.
  • Damages suffered by your two-wheeler when in transit through air, land or water
  • Personal accident coverage against death or disablement while riding your two-wheeler

What is not covered in a Two Wheeler Insurance Plan?

  • The expense of regular wear and tear of your two-wheeler
  • Loss from mechanical or electrical breakdowns
  • The depreciation caused by everyday use of the two-wheeler
  • Any damages or losses sustained by the usage of the bike outside of the scope of the policy
  • Any damages sustained by the two-wheeler while being ridden by a person without a valid driver’s license.
  • Any damages or losses sustained by the usage of the bike by a person under the influence of drugs or alcohol
  • Damages sustained when driving the bike outside the geographical boundaries of India.
  • Any damages due to war, mutiny or nuclear attacks.

Two Wheeler Insurance Companies

Add-ons available under two-wheeler insurance

In a comprehensive bike insurance policy, there are various add-on covers that help increase the scope of protection offered by the policy. Add-on covers are additional coverage options that come at an additional premium. The following are the various add-ons available for you:

Name of the add-on Meaning
Roadside assistance If your two-wheeler breaks down in the middle of a remote place and you cannot take it to the nearest garage, this add-on proves handy. The add-on provides round-the-clock assistance for flat tyres, battery jump-start, fuel assistance, etc.
Zero depreciation At the time of claims, the depreciation of the parts repaired or replaced is deducted from the claim amount. This reduces the admissible claim amount and increases your out-of-pocket expenses. However, through this add-on, the effect of depreciation becomes nil and you get full settlement of the claim
NCB protection The no claim bonus that you earn becomes zero if you make any claim in a policy year. This add-on protects the no claim bonus and allows you to claim the relevant discount on renewal even when you suffer a claim
Return to invoice Under this add-on the insurance company pays the invoice value of the bike if it is damaged beyond repairs or if it is stolen
Lost key replacement If you lose your two-wheeler keys, the add-on would cover the cost of replacing them
Engine protection This add-on covers the possible damages to the engine due to water logging or water seepage
Personal accident cover for pillion rider Under this add-on you can avail of an additional personal accident cover for the pillion rider

Different plans offer a different set of add-ons and you can check the add-ons offered when you compare bike insurance policies.

The meaning of No Claim Bonus (NCB) in two-wheeler insurance plans

If you do not make a claim in your two-wheeler insurance policy in a year, you earn a no claim bonus. This bonus is offered as a discount in premium when you renew the plan. Moreover, if you don’t make claims in successive years, the no claim bonus keeps on increasing.

The rate of no claim bonus after successive claim-free years is as follows –

Number of claim-free years Rate of NCB that you get
First Claim-Free Year 20%
Two successive claim-free years 25%
Three successive claim-free years 35%
Four successive claim-free years 45%
Five successive claim-free years 50%

However, if you make a single claim in any year, the whole of the accumulated no claim bonus becomes zero.

IDV – Meaning and calculation

When you buy bike insurance online, the coverage amount of the policy is called the Insured Declared Value. Insured Declared Value or IDV is the current market value of your bike. It is calculated after applying appropriate depreciation on the purchase value of your bike based on the purchase or registration date. The depreciation gets applied on the IDV in terms of percentage based on the age of the bike as shown below:

  • Not exceeding 6 months: 5%
  • Exceeding 6 months but not exceeding 1 year: 15%
  • Exceeding 1 year but not exceeding 2 years: 20%
  • Exceeding 2 years but not exceeding 3 years: 30%
  • Exceeding 3 years but not exceeding 4 years: 40%
  • Exceeding 4 years but not exceeding 5 years: 50%

IDV plays an important role in deciding your insurance premium. The higher the IDV you opt for, the higher the premium you have to pay. Also, in case of total loss or theft, an amount equal to your IDV in the policy will be compensated by the insurance company. Hence it is recommended to keep IDV high even though it will increase your premium outflow. To get the best IDV, do an online bike insurance comparison to find the plan that offers the highest IDV.

Deductibles in bike insurance plans

A deductible is an amount that needs to be paid by you in case of a claim. In a bike insurance plan, there are two types of deductibles –

The rate of no claim bonus after successive claim-free years is as follows –

  • Compulsory deductible A compulsory deductible is already included in the policy and is a nominal amount you have to pay for every claim raised by you with the insurer.
  • Voluntary deductible The voluntary deductible is a deductible that you can choose to opt for. If you do so, you pay the chosen amount of claim yourself, in addition to the claim payable under the compulsory deductible. However, when you opt for a voluntary deductible, you can get a discount in the premium amount since you are shouldering a part of the claim yourself and reducing the insurer’s claim liability.

Two Wheeler Insurance Claim Settlement Process

If your two-wheeler has suffered a claim, you can choose from two claim payment modes –

Two Wheeler Insurance Claim Settlement Process with PayBima

Claim payment mode

  • Cashless claim Cashless claims are when you get your two-wheeler repaired at a networked garage. In this claim, the insurer pays the repair bills directly to the garage and you can get your bike repaired easily.
  • Reimbursement claim Under this mode, you bear the repair costs yourself. Thereafter, the insurer reimburses you for the costs incurred. Reimbursement claim happens when you get your vehicle repaired at a non-networked garage.

Here are the steps to both procedures:

Cashless Claim Settlement Process Reimbursement Claim Settlement Process
  1. Inform your insurance company about your accident

  2. Take your two-wheeler to the preferred garage for cashless claims

  3. A surveyor would visit the garage to assess the damages incurred and prepare a claim report

  4. Based on the surveyor’s report, the insurer would approve the claim

  5. Once the claim is approved, the garage would start the repairs

  6. After your bike is repaired, the insurance company will settle the bills.

  7. You will be required to pay the deductibles or non-covered expenses if any and take the delivery of your two-wheeler

  8. File a claim with the insurer, submit the documents to complete the claim settlement process
  1. Register your claim at your insurance company immediately after it occurs

  2. Take your bike for repair at a non-network workshop

  3. A surveyor will survey the damages and estimate the claim amount

  4. Pay the repair bills yourself

  5. After the repairs, the surveyor will conduct another inspection

  6. Fill up the claim form and attach all the original repair bills and relevant claim-related documents with it

  7. Send the bills and documents to the insurance company

  8. The insurance company will reimburse the amount to you if your documents are in order and your claim is approved.

You might also suffer a third party or a theft claim on the two-wheeler. The process for both these claims is specified below –

Third party claims

Buy Third party Two Wheeler Claims With PayBima

Besides the claim that you suffer for the damages incurred on your bike as described above, you might also incur third party claims wherein you cause a financial loss to third parties. In such claims, the claim process is as follows –

  • You would have to inform the insurance company of your claim and get the claim registered
  • A police FIR should also be filed to record of the loss caused to the third party
  • The claim would be taken to the motor accidents tribunal wherein the compensation that would be paid to the third party would be determined
  • Once the tribunal decides the compensation amount, the insurance company would pay the compensation directly to the third party and the claim would be settled

Buy Third party Two Wheeler Claims With PayBima
Two Wheeler Insurance Theft Claim

Theft claims

Two Wheeler Insurance Theft Claim

If you lose your bike to theft, here’s the claim process that you should follow –

  • Inform the insurance company immediately after you discover the theft of the two-wheeler
  • File an FIR with the police reporting the theft
  • The police would try and locate your two-wheeler. If they can’t do so, they would issue a non-traceable report.
  • Submit this report to the insurance company along with other claim-related documents
  • The insurer would verify the documents and then settle the claim

Documents Required for Filing a Claim for Your Two Wheeler Insurance

Documentation for Filing a Claim for Two Wheele Insurance

Here is a list of documents that you will require at the time of filing a claim for your two wheeler insurance policy:

  • Duly filled and signed claim form
  • A copy of the registration certificate of your two-wheeler
  • A copy of the rider’s valid driver’s license
  • Copy of your two wheeler insurance policy’s document
  • Police FIR (In case of theft or third-party liabilities)
  • Payment bill of the garage and receipt of the payment
  • Proof of release of your repaired two-wheeler.
Documentation for Filing a Claim for Two Wheele Insurance

How to buy two wheeler insurance?

You can buy two wheeler insurance online or offline. The process for both the modes is listed below –

Buying two wheeler insurance offline

To buy the two-wheeler insurance policy offline you have various alternatives. These are as follows –

  • You can visit the branch of an insurance company and apply for the policy that you want to buy.
  • You can get in touch with an insurance agent or broker and buy the policy that you want
  • You can visit the offices of an insurance intermediary and buy the two wheeler insurance policy offline

Buying online two wheeler insurance policy

Another, more convenient alternative is to buy two-wheeler insurance online. The online mode allows you to buy the policy in real time and get the plan issued at the earliest. You can visit the website of the insurance company or a reputed online marketplace and fill up an online proposal form to buy online two wheeler insurance policy. Choose your policy and pay the premium online to get the policy issued instantly.

Top Reasons to buy two-wheeler insurance online?

The online two wheeler insurance policy is definitely superior that the offline mode. Here are some reasons why –

You can buy the policy anytime, anywhere

With the online two wheeler insurance policy, you don’t have the hassle of visiting the insurer’s branch or fixing an appointment with an insurance intermediary. You can, instead, visit the online marketplace and buy the online two wheeler policy at your convenience and suitability.

You can compare two wheeler insurance policy and buy

The online medium gives you the easy facility to compare two wheeler insurance policy online before buying one. Being an important coverage, more than a dozen insurers offer attractive two wheeler insurance plans. When you compare bike insurance, you can find the best among the rest. So, always do a two wheeler policy compare whenever you insure your bike.

The plan is instantly issued

Another benefit of the online two wheeler policy is that the plan is instantly issued. You don’t have to wait for the application process to be verified and accepted by the insurer. The online process happens in real time and you get the online bike policy within minutes.

Get the best premium rates

With the online marketplace, you can find the best premium rates for your two wheeler insurance plan. By comparing between the available online bike insurance plans, you can find a plan that offers the lowest premium rates without compromising on the coverage benefits.

Easy customization

Lastly, you also get the benefit of customization when you buy online bike policy. You can check out the add-on features and opt for suitable coverage benefits to customize the policy as you want.

So, compare two wheeler insurance online and then buy the right plan.

Things to keep in mind while comparing two wheeler insurance plans

There are quite a few things to check apart from the premium when you compare bike policy online. These things are as follows -

Type of 2 Wheeler Insurance

Decide which type of two wheeler insurance you require. The best option is to choose a comprehensive policy that offers you cover for your vehicle and the third party. However, if you can pay for your expenses, then buy third-party insurance only and pay the minimum premium required.

IDV offered

The IDV means the Insured Declared Value of the vehicle, i.e. the market value less depreciation. It is the maximum claim liability that the insurer undertakes. Different insurers offer a differed amount of IDV and having a high value is favourable for a higher claim settlement. So, when you compare bike policy online, choose an insurer offering the best IDV for better coverage.

Add-On or Optional Covers

There are a host of optional add-ons to enhance the scope of coverage of the policy. These add-on covers give you extra coverage which offers you and your vehicle more protection. Such optional covers range from, pillion rider cover, zero depreciation cover, enhanced cover for spare parts and accessories, and more. Compare two wheeler insurance plans to find out the add-ons that they offer and choose suitable add-ons for an all-round protection.

Claim Process

Always enquire about an insurance company’s claim process before choosing their insurance policy. Compare two wheeler insurance plans on the basis of their claim process. Most companies offer a hassle-free claim process. But if it looks complicated and their claim-settlement ratios are not impressive, look for other insurers.

Network garages

If you want cashless settlement of your two-wheeler insurance claims, you need to get the bike repaired at a network garage. If the insurance company has a wide network of garages tied-up with it, it becomes easier for you to locate a garage in your locality for convenient cashless repairs. So, do a two wheeler policy compare based on the number of network garages that insurers have and choose an insurer that has a vast network.

Discounts Available

Compare two wheeler insurance policy on the basis of discounts offered. The higher the discount the lower would be the premium. Choose plans that offer the highest discount for maximum savings on the premium.

Why buy two wheeler insurance online at PayBima?

PayBima allows you to buy a bike insurance policy online on its platform. The reasons to buy the plan through PayBima are as follows –

Why buy two wheeler insurance online with PayBima
  • You can buy the policy instantly
  • You get a list of two wheeler plans offered by the best insurers. You can, thus, compare and choose the best policy for your coverage needs
  • You can choose from different premium payment options to buy the policy online easily
  • PayBima provides complete assistance when you are shopping for your bike insurance plan. with PayBima’ s assistance, you can find the most relevant and suitable policy and seek solutions to your queries when buying bike insurance.

Purchasing 2 wheeler insurance online at PayBima is as easy as a breeze. Simply follow the steps below:

  • Click the Two wheeler insurance from the menu
  • Fill the form on the page. This form will ask you for your necessary details and preferences.
  • PayBima will offer you a list of two wheeler insurance policies according to your preferences.
  • You can click on each policy to know all the details.
  • You can, then, compare bike insurance policies and choose one. Then click on ‘Buy Now’ to proceed with the purchase process.
  • On the next page, you would get the options to add the optional add-ons to the policy for enhancing the coverage. Choose the required add-ons and get the final premium amount.
  • After you provide all your personal details and the coverage details, you can pay the premium online using any of the digital payment modes allowed by PayBima
  • Once the premium is successfully paid, your bike insurance policy would be issued instantly and you would get the soft copy on your registered email ID.

How to renew bike insurance plans?

Just like buying two wheeler insurance plans, you can also renew the plans offline or online. Let’s have a look:

Renewing offline

You can visit the insurance company or get in touch with an insurance agent to renew the plan offline. Provide your existing policy details, pay the renewal premium and the policy would be renewed.

Renewing online

To renew the policy instantly, you can choose the online mode. You can visit the insurer’s website and enter in your existing policy details to check out the renewal premium. You can make changes to the policy, like adding or removing add-ons and the premium would be updated. Pay the renewal premium online and the policy would be instantly renewed. Alternatively, you can visit online marketplaces, like PayBima, and switch to another policy on renewal. You can get comprehensive coverage benefits and the best renewal premium when you compare two wheeler insurance and choose the best policy.

Renewing bike insurance plans at PayBima

Renew bike insurance plans With PayBima

PayBima offers the easiest mode of renewing the two wheeler insurance policy online. Just log into your online PayBima account and choose the policy that you want to renew. Pay the renewal premium online through PayBima’s secured payment gateway and get your policy instantly renewed.

You can also compare between the other two wheeler insurance plans that are available in the market on PayBima’s platform. Compare to find a better policy and renew your two wheeler insurance online with another plan offering better coverage benefits at lower premium rates.

Renew bike insurance plans With PayBima
Compare Online Two Wheeler Insurance Plans at PayBima?

How to Compare Online Two Wheeler Insurance Plans at PayBima?

Compare Online Two Wheeler Insurance Plans at PayBima?

When you choose PayBima you can compare two wheeler insurance and buy the policy online in just three simple steps. You get a variety of two wheeler insurance quotes from multiple insurance companies partnered with us. You can compare bike insurance policy online on the basis of their two wheeler insurance quotes vis-à-vis their coverage and then buy the motorcycle insurance online in simple steps. Just visit PayBima’s website, choose ‘two wheeler’ and provide the details of your bike. A list of plans and their quotes would be shown. You can compare the plans and then find the best one.

How to Avail of Two-Wheeler Insurance Quotes on PayBima?

Avail Two-Wheeler Bike Insurance Quotes with PayBima

To get the quotes of different two wheeler insurance plans, you would have to fill up an online proposal form. The form should be filled stating the details of your bike and your existing bike insurance policy (if any). After all the details are provided, PayBima would list down the different quotes of bike insurance plans that it offers.

Avail Two-Wheeler Bike Insurance Quotes with PayBima

How to Claim Two Wheeler Insurance Online at PayBima?

PayBima offers you a wide range of two wheeler bike insurance plans offerings by multiple insurance companies under one roof. We aim to give you a unique experience of comparing & buying motorcycle insurance online in the simplest possible way. PayBima also helps you throughout your policy tenure and assists you at the time of a claim. So, for an ideal coverage, compare two wheeler insurance and choose the right plan from us and also enjoy continued service throughout your policy duration. For any claims assistance, you can always reach out to us by calling our toll free number 1800 267 6767 or dropping an email at

Alternatively, you can also get your two wheeler bike insurance claims settled through your insurance company. You can send an email to the insurance company intimating them about your claim. You can also call the company’s claim helpline and register your claim. The company would then guide you on the process of bike insurance claim settlement. You can raise a claim request in case of damage to your bike due to accident, or damage caused to third party property or life by your bike, or if your bike gets stolen.

So, understand what a two wheeler insurance policy is all about and then invest in the best plan through PayBima’s portal.

FAQs About Two Wheeler Insurance

A two-wheeler insurance policy is coverage on your two-wheeler. It covers the possible financial contingencies that you might face when using your bike. Third party coverage is mandated by the Motor Vehicles Act, 1988 that covers third party liabilities resulting due to your two-wheeler. You can also opt for a comprehensive bike insurance policy to secure coverage against the damages suffered by your bike itself.

Following are some of the advantages of having an insurance policy for your bike:

  • In case of any accident involving your bike, if you injure or kill any individual or damage someone’s property, you would be financially liable for the injury or damage caused. In case of accidental death, the liability is quite high. This however gets covered by a your insurance policy.
  • If your bike suffers heavy damage in an accident, the repair costs are quite high. Having a comprehensive Bike Insurance will cover such repair
  • A Bike Insurance plan is a mandatory requirement. If you don’t have insurance, you face legal consequences which include heavy fines and might also lead to imprisonment. So, buying a Bike Insurance plan is necessary in this context too.

Before buying, you should do a bike compare online. It helps in finding the right bike in your budget. Similarly, it is always recommended to compare bike insurance online and then buy a bike insurance policy. Following are some of the reasons to do so:

  • Find the best plan - There are a lot of insurance plans available in the market. Each plan has its own benefits. To know the difference between these plans, you need to compare bike insurance online and select the plan which best suits your requirement.
  • Choose a higher IDV– The IDV reflects the market price of your bike after being adjusted for depreciation. Different policies provide different rates for insurance based on the IDV fixed by them. So, you should compare 2 wheeler insurance online for the best IDV.
  • Get the best premium rates – Once you choose to compare bike insurance policy, you have the option to get the best quote among the premium rates offered by different insurance companies. Moreover, when you compare bike insurance plans on the discounts offered, you can reduce the premium and save the maximum on two-wheeler insurance cost.
  • Get extensive coverages – If you want your policy to have add-on covers, you should compare different plans and choose the one that has the required coverage features at the best rates of premiums.
  • Get cashless garage service – When you compare bike insurance plans, you can choose a policy that has tie-ups with a vast network of cashless garages. This would help you avail of easy cashless claims.

So, just like you do a bike compare online when buying it, compare the available options when you buy a two wheeler policy for choosing the best plan.

In case of a claim under two wheeler policy, the insurer would settle the repair bills after making deductions for depreciation of bike parts. As a result, the difference in the bill and the compensation has to be borne by the owner.

The depreciation rates on the different parts of the bike are as follows –

Parts of the bike Rate of depreciation
Fibre or glass parts 30%
Plastic, nylon, rubber parts 50%
Metallic parts 5% to 50% depending on the age of the bike

However, if zero depreciation cover is opted for, the insurance company does not deduct the afore-mentioned depreciation from the car’s parts. The full cost of repairs is paid after considering deductibles and non-admissible expenses.

If the person driving the vehicle has a valid license, the vehicle is insured for all the accidents that occurred due to the hazards specified. To insure the person driving the vehicle, who is not the owner, an additional personal accident cover has to be taken for unnamed passengers. For the owner-driver, the policy compulsorily has a personal accident cover, as per tariff.

The premium payable for Bike Insurance depends on:

  • Make, model and variant of the bike
  • Age of vehicle
  • Location of registration
  • Duration of cover– 1, 2 or 3 yearpolicy
  • Any add-on covers opted

It also depends on the pricing strategy of the insurance company. So compare 2 wheeler insurance policy and then buy a plan with the best premium rates.

Just like you can compare 2 wheeler insurance policy online, you can pay your bike insurance premium online through one of the various modes of payment offered by the insurance companies. Once you do an online bike insurance comparison and shortlist a two wheeler insurance plan, you should fill the proposal form. You will be redirected to the payment page of the insurance company. You can then choose to pay through credit or debit cards, net banking, wallets or UPI. Once payment is successful, your two wheeler policy will be generated instantly.

Yes, you would be required to pay a premium again for the two wheeler policy. However, you can avail the benefit of the No Claim Bonus offered by your insurance company. Through this benefit, you can get a discount of up to 55% on your own damage component of your insurance premium depending on the number of claim-free years and the insurance company’s policy.

You can reduce your Bike Insurance premium in the following ways:

  • Choose appropriate IDV for your bike
  • Select only required add-ons
  • Install anti-theft devices certified by ARAI
  • Buy insurance online to avoid paying commission
  • Accumulate NCB by riding safely and not raising claims with the insurer

You can also reduce your two wheeler policy premium by doing an online two wheeler insurance comparison. This online two wheeler insurance comparison would help you find the policy with the best premium rates.

The different types of discounts that you can avail under two wheeler insurance plans are as follows

  • Discount for installing safety devices
  • Discount for being a member of a recognized automobile association
  • Discount for choosing a voluntary deductible
  • Discount when you buy two wheeler insurance online
  • No claim bonus discount for not making claims in the past policy year (s)

A claim request can get rejected due to many reasons. Some of them are as follows:

  • If you provide incorrect information in the proposal form on the insurance
  • If you were riding without a valid driving license during an accident
  • If you were riding under influence of alcohol or drugs
  • If the bike is second hand and the policy is in the name of the previous owner
  • If the accident happens outside of policy tenure
  • If you apply for your Own damage claim in TP only policy
  • If the bike was used for carrying illegal activities during the incident.

Getting your claim rejected can lead to a heavy financial impact on your wallet. Hence follow the below rules and avoid getting claim rejection:

  • Always carry a valid driving license while riding
  • Do not drive under influence of liquor or drugs
  • Keep a policy of your insurance on your bike
  • Know the list of inclusions and exclusions under your policy
  • Always intimate your insurance company first in case of any unfortunate event involving your bike.

It is important to renew your bike insurance plan within the due date to enjoy uninterrupted coverage. If the policy is not renewed on time, it lapses and the coverage stops. Claims in a lapsed policy are not paid. Moreover, when you renew the policy after a lapse, an inspection of the bike is conducted by the insurance company after which the policy is allowed to be renewed

Lastly, if your policy stays in a lapsed state for 90 days or more, you would lose the accumulated no claim bonus.


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