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BIKE INSURANCE

The law makes it compulsory to have a valid and active Two Wheeler insurance for the Bike. Apart from being a mandatory requirement, a Bike insurance also provides protection from damages caused by accidents, theft, or mishaps. If you do not have a Bike insurance at the time of an accident, you will have to bear the hefty expenses of Bike repairs and hospitalization costs from your own pocket and this can be a steep bill.

For a smart purchase of Bike insurance you need to check out various insurance providers, compare Bike insurance policies, and pick the one which is best suitable for you.

Having Bike insurance is essential because it covers your expenses in the event of vehicle damage or injuries to other drivers, passengers or pedestrians.

The most important reasons

Avoid Financial Losses : ​Two Wheeler Insurance protects you against the financial losses that could occur due to unforeseen accidents..

Mandated by Law : Riding without a valid two wheeler insurance policy is punishable by law.

Peace of Mind : Being financially prepared even for the worst case scenario will give you a sense of peace.

Personal Accident Cover : Stay protected against medical treatment costs arising from accidents.

What's Covered Under Two Wheeler Insurance?

ACCIDENTS

A minor error in judgement can cause a major accident. Take care of the damages to your bike in case of an accident.

FIRE

It’s scary to see your bike catch fire! Covered damages caused to your bike due to fire resulting from self-ignition, explosion, and lightning.

THEFT​​

Finding out that your bike is stolen is an absolute nightmare. Insurance company pay you your bike’s Insured Value in case of bike theft.

CALAMITIES

Natural and man-made calamities can wreak havoc. Covered damages caused to your bike due to earthquake, riots, etc.

THIRD-PARTY LOSSES

Bike accidents can result in injury to, and death of, any third party. Property can also be damaged. Covered damages related to third-party losses.

BIKE OWNER COVER

Apart from covering third-party losses and damages to the bike, also provide death and disability cover for the bike owner.

How to Save Premium of Bike Insurance Policy ?

  • Know Your Bike's IDV
  • The value of your Bike depreciates overtime. Hence it is important to know your IDV. A lower IDV attracts a lower premium.

  • Claim Your No Claim Bonus
  • The No Claim Bonus is your rightful reward for being a responsible driver. Earn discounts of up to 50% on your premium year-on-year.

  • Install Security Devices
  • The safer your Bike, the lower will be the premium. Installing anti-theft devices can fetch you up to 2.5% discount on your bike insurance premium.

  • Become AAI Member
  • Become a member of the Automobile Association of India and you can secure a concession on personal-damage premium.

  • Increase the Voluntary Deductible
  • A Voluntary deductible is the amount you agree to pay out of your pocket. The higher your voluntary deductible, the lesser will be your premium.​