Written by:
Anoushka Pinto
Did you know bikes account for 32.93% of all yearly road accidents? According to a 2022 Statista report, this alarming statistic highlights the vulnerability of bikers on India’s bustling roads. In 2022 alone, bike accidents tragically resulted in nearly 75,000 road traffic deaths (Source: Ministry of Road Transport and Highways). This staggering number emphasises the urgent need for comprehensive protection for riders.
Several factors contribute to the high incidence of bike accidents, including inadequate training, poor road conditions, and the lack of proper helmet usage. Despite a significant increase in two-wheeler sales, driven by rising incomes, regulatory measures and road safety education have not kept pace. As a result, India’s roads remain some of the deadliest in the world for bikers.
Given these harsh realities, bike insurance emerges as a critical safeguard. It not only protects riders and their bikes from financial losses but also provides much-needed financial aid for medical treatment arising from accidents. In a country where motor vehicle accidents are a daily occurrence, ensuring that riders are adequately insured is an essential step towards enhancing road safety and easing the financial burden of accidents.
Types of bike insurance coverage plans
1. Comprehensive policy
Coverage
Protects against costs incurred from accidental damages to both a third party and your own vehicle. Includes a personal accident cover of ₹15 lakh for accidental death and disability.
Who is it suitable for?
Ideal for those who already have an active third-party policy and want extensive coverage.
What does it cover?
Accidents, damage in transit, theft, third-party liability, fire, personal accident, natural calamities, add-ons (with additional premium).
2. Standalone own damage policy
Coverage
Covers damages to your bike or scooter caused by natural disasters (earthquake, flood, cyclone, landslide) and man-made disasters (theft, burglary, riot, strike).
Who is it suitable for?
Ideal for those who already have an active third-party policy and need coverage for their own vehicle.
What does it cover?
Accidents, natural calamities, theft, damage in transit, fire, and add-ons (with additional premium)
3. Third-party cover
Coverage
Provides legal liability coverage for injuries or damages caused to a third party or their property by your bike.
Who is it suitable for?
This basic policy is not recommended for bike owners who want full coverage, as it doesn't protect against damages to your own bike. Consider this only if you're willing to pay out-of-pocket for bike repairs.
What does it cover?
Third-party property damage and injury to the third party. Choose the right insurance plan based on your needs to ensure you and your bike are adequately protected.
Need help covering accident treatment costs?
Factors affecting two-wheeler insurance premiums
Several factors influence the premium you pay for two-wheeler insurance. Here’s a look at the key elements that determine the cost:
Market value of the bike
Higher value bikes typically attract higher premiums.
Location of registration
Urban areas with higher traffic density and accident rates usually lead to higher premiums compared to rural areas.
Make and model
High-end models or bikes with specialised features generally cost more to insure.
Claims history
A history of frequent claims might result in higher premiums, while a no-claims record could earn you discounts.
Age of the bike
Older bikes often have lower premiums as their market value depreciates over time.
Bike insurance policies that offer personal accident cover
1. ICICI Lombard
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About
ICICI Lombard Bike Insurance provides comprehensive coverage for your two-wheeler, ensuring peace of mind with extensive benefits and hassle-free services. With a network of 13,000+ cashless garages, instant claim approval through the IL Take Care app, and 24×7 customer support, you are always protected on the road.
Features
- Receive your digital policy copy instantly via email upon completing the simple online purchase process. A hard copy will also be sent to your registered address.
- Enjoy a seamless online buying experience without the burden of extensive paperwork. Customize your policy, check the premium, and complete the purchase quickly.
- Conveniently renew your bike insurance policy online from the comfort of your home by entering your previous policy details.
- File claims digitally through the IL Take Care app and get instant repair approval via InstaSpect, eliminating the need for multiple office visits.
- Access 24×7 claim support by contacting ICICI Lombard at 1800 2666, ensuring you can make claims anytime, anywhere.
Types
- Two-wheeler vehicle package policy
- Standalone own-damage two-wheeler insurance
- Third-party two wheeler vehicle liability-only policy
Premium
Annual premiums starting at just ₹588.
Apply
Submit the following documents:
- Two-wheeler registration number
- Mobile number
- Residential PIN code
- Previous policy details
Inclusions
- Coverage for loss or damage due to natural disasters such as fire, explosion, lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, and rockslide.
- ₹15 lakh cover for the registered owner-driver while traveling, getting on, or off the two-wheeler. Optional personal accident cover for co-passengers is available at an additional premium.
- Protection against loss or damage due to man-made disasters like burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, and any damage during transit by road, rail, inland waterway, lift, elevator, or air.
- Coverage for legal liabilities arising from accidental damages resulting in injury or death of a person or damage to surrounding property.
Exclusions
- Excludes normal wear and tear, as well as aging of the bike or scooter.
- Coverage for tyres and tubes only if damaged in an accident, with up to 50% of the replacement cost covered.
- No coverage for depreciation or any consequential loss.
- Excludes mechanical or electrical failures.
- No coverage for incidents involving riders under the influence of drugs or alcohol.
- Excludes damage due to war, mutiny, or nuclear risks.
- No coverage if the vehicle is used outside the limitations of the policy
Add ons
You can get these add-on benefits by paying additional premium:
- Roadside assistance cover: Provides support for battery jump-start, towing, flat tyre, minor repairs, hotel stay, or cab ride in case of a breakdown or accident.
- Zero depreciation cover: Ensures higher claim amounts by offsetting depreciation. This add-on is applicable provided that the claim is admitted under loss or damage to the vehicle and is not applicable for total loss or constructive total loss.
Website
2. HDFC ERGO
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HDFC ERGO Bike Insurance offers comprehensive coverage for your two-wheeler, ensuring your financial peace of mind in various situations. Whether it’s accidents, theft, or natural calamities, this insurance plan is designed to protect your bike and provide additional benefits to enhance your coverage.
Features
- Save on premium by availing different plans and discounts when buying bike insurance online.
- Convenient vehicle repairs at your doorstep through cashless garages.
- Instant damage detection and claim estimation with the IDEAS tool.
- Buy or renew bike insurance online in just a few minutes.
- Up to ₹15 lakh for treatment of accidental injuries, disability, or death.
- Fully digital and paperless policy purchase and claim settlement process.
- Up to 50% discount on premiums for claim-free policy years.
Types
- Comprehensive bike insurance
- Third-party bike insurance
- Standalone own damage cover for bike
- Cover for brand-new bikes
Premium
Annual premiums starting at just ₹538.
Apply
Submit the following documents:
- Two-wheeler registration number
- Mobile number
- Residential PIN code
- Previous policy details
Inclusions
- Coverage for damages sustained by your bike in an accident.
- Protection against financial losses due to fire or explosions.
- Assurance of peace of mind with coverage for bike theft.
- Financial protection against natural calamities that affect your bike.
- Coverage for treatment charges in case of injuries from a two-wheeler accident.
- Coverage for damages to third-party property or injuries sustained by a third-party person.
Exclusions
- General wear and tear or depreciation in the value of your bike is not covered.
- Breakdowns due to negligence are excluded.
- No coverage if the rider was driving without a valid license or under the influence of alcohol.
Add ons
You can get these add-on benefits by paying additional premium:
- Full claim amount for damaged parts without depreciation deduction.
- Retain NCB benefit even after making claims, up to two claims per policy year.
- 24/7 support for breakdowns on the highway.
- Claim amount equivalent to your bike’s invoice value if stolen or beyond repair.
- Covers repair and replacement costs for engine and gearbox parts due to specific damages.
- Covers items like engine oil, lubricants, and brake oil.
- Daily cash allowance of ₹200 if your bike is in the garage for repairs due to insurable perils, up to 10 days.
- Covers your EMI payments if your bike is in the garage for more than 30 days due to accidental repairs.
Website
3. Bajaj Allianz
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Bajaj Allianz General Bike Insurance policy provides comprehensive coverage for your two-wheeler, ensuring financial protection against various risks and uncertainties. It includes cashless claim settlement at over 6,500 network garages, coverage for own damages, third-party liabilities, and personal accidents. Additionally, you can enhance your coverage with multiple optional add-ons to suit your specific needs.
Features
Avail cashless claim facilities at over 6,500 network garages for hassle-free repairs.
Types
- Comprehensive bike insurance
- Third party bike insurance
Premium
Annual premiums starting at ₹824.
Apply
Submit the following documents:
- Two-wheeler registration number
- Mobile number
- Residential PIN code
- Previous policy details
Inclusions
- Covers damages to third-party property and injuries or death of a third party.
- Covers damages or losses to the insured vehicle from accidents, natural disasters, theft, or malfunctions.
- Provides financial support of ₹15 lakh in case of accidental death or permanent total disability of the insured.
- Covers damages from floods, earthquakes, and other natural calamities.
Exclusions
- Normal wear and tear are not covered.
- Repairs for mechanical issues are excluded.
- Damages from stunts are not covered.
- No coverage for accidents when driving without a valid license, or by illegal racing.
- Excludes damages when driving under the influence of drugs or alcohol.
- No coverage for damages when breaking traffic laws.
- Excludes damages incurred outside the geographical limits specified in the policy.
- Excludes damages that existed before purchasing the policy.
- Excludes claims arising from any contractual liability when the vehicle is given to another individual or entity.
- No coverage for claims on an expired or inactive insurance policy.
Add ons
You can get these add-on benefits by paying additional premium:
- Coverage for engine damages.
- Ensures full claim without depreciation deductions.
- Coverage for theft or damage to personal belongings.
- Covers the cost of consumables used in repairs.
- Provides roadside assistance in case of breakdowns.
- Coverage for emergencies when outstation.
- Covers the cost of replacing lost or damaged keys.
Website
Need help covering accident treatment costs?
4. Reliance
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Reliance General Insurance offers comprehensive bike insurance that covers a wide range of incidents including accidents, theft, natural calamities, and more. This policy ensures peace of mind by providing financial protection against unforeseen events.
Features
- Enjoy tailored plans with discounts ranging from 20-80%, including No Claim Bonus and Voluntary Deductible.
- Renew your bike insurance online without inspection for select plans, simplifying the process.
- Opt for long-term policies up to 36 months to save on premiums and reduce the hassle of annual renewals.
- Benefit from cashless claims processing through a network of over 8,500 garages, ensuring quick and easy repairs.
Types
- Comprehensive bike insurance
- Third party bike insurance
- Standalone own damage cover for bike
Premium
Starts at ₹19/month.
Apply
Submit the following documents:
- Two-wheeler registration number
- Mobile number
- Residential PIN code
- Previous policy details
Inclusions
- Coverage for repair costs in case of an accident.
- Reimbursement of the bike’s market value at the time of theft, including housebreaking and burglary.
- Coverage for damages caused by natural calamities like floods, earthquakes, landslides, etc.
- Coverage for repairs or replacement if the bike catches fire or explodes.
- Coverage of up to ₹15 lakhs for injuries, disability, or death due to an accident.
- Coverage for damages to third-party property or injury to third-party persons.
Exclusions
- General wear and tear and decline in value.
- Excludes mechanical or electrical failures.
- Excludes coverage for driving without a license or under the influence of alcohol or drugs.
Add ons
You can get these add-on benefits by paying additional premium:
- Reimbursement for consumables like engine oil, coolant, brake fluid, chain lube, etc. provided repairs are done at an authorised garage.
- Extra protection for third-party property damage exceeding standard limits.
- Higher coverage for accidental death or disability.
- Reimbursement for emergency medical expenses, including ambulance costs, for you or your pillion rider.
- Reimbursement of the invoice cost if the bike is stolen or severely damaged.
- Bumper-to-bumper cover that reimburses the depreciation deducted from the claim amount.
Website
5. New India Assurance
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New India Assurance Company Limited offers comprehensive and customizable motor
insurance policies tailored to meet the diverse needs of vehicle owners. With a strong network of over 1173 two-wheeler garages and a commendable claim settlement ratio, New India Assurance ensures reliable and efficient service.
Features
- Only two-wheelers registered with the Regional Transport Authority in India are eligible.
- The sum assured is based on the Insured Declared Value (IDV) of the vehicle, which reflects the current market value.
- Discounts range from 20% to 50%, depending on the number of claim-free years.
Types
- Comprehensive bike insurance
- Third-party bike insurance
- Standalone own damage cover for bike
Premium
Annual premium starting at ₹782.
Apply
Submit the following documents:
- Two-wheeler registration number
- Mobile number
- Residential PIN code
- Previous policy details
Inclusions
- Covers hospitalisation costs and provides personal accident compensation from Rs. ₹25,000 to ₹10 lakhs.
- Compensation for bodily injury, accidental death of a third person, or third-party property damage in an accident.
- Covers damages from collision, accident, burglary, theft, housebreaking, floods, storms, cyclones, earthquakes, malicious acts, and damage during transit.
- Towing assistance from the accident site to the workshop (up to ₹300 for two-wheelers).
Exclusions
- Riots and war conditions
- Normal wear & tear
- Consequential loss
- Contractual liabilities
- Driving without a valid license
- Driving under the influence of alcohol
- Usage beyond the specified limits
Add ons
You can get these add-on benefits by paying additional premium:
- Coverage for accessories like stereos, fans, air-conditioners
- Personal accident cover for passengers and paid drivers
- Legal liability to employees and non-fare paying passengers in commercial vehicles
Website
6. United India Insurance
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United India Bike Insurance offers comprehensive coverage for two-wheelers, ensuring peace of mind with a wide range of benefits and features. Designed to provide extensive protection and easy accessibility, this policy is ideal for bike owners seeking reliable insurance solutions.
Features
- Access to 3,100+ authorized two-wheeler garages across India.
- 24×7 customer support for all insurance-related queries.
- Easy and digitized processes for policy renewal and purchase.
Types
- Comprehensive bike insurance
- Third-party bike insurance
- Own damage cover for bike
Premium
Annual premium starting at ₹768.
Apply
Submit the following documents:
- Two-wheeler registration number
- Mobile number
- Residential PIN code
- Previous policy details
Inclusions
- Protection against accidental damage, fire, theft, natural disasters, and while in transit.
- Coverage for legal liabilities arising from third-party injuries, death, or property damage.
- Personal accident cover for the owner-driver up to ₹15 lakh
- Discounts ranging from 20% to 50% for every claim-free year.
Exclusions
- Excludes contractual liabilities.
- Excludes damage due to war, nuclear risks, and similar perils.
- Excludes normal wear and tear, depreciation, and mechanical or electrical breakdowns.
- Excludes damage caused while driving under the influence of alcohol or drugs.
- Claims arising outside the specified geographical area are not covered.
- Excludes claims if the vehicle is driven by a person without a valid driving license.
- Excludes claims when the vehicle is used in violation of the policy terms.
Add ons
You can get these add-on benefits by paying additional premium:
- Extend cover to neighboring countries like Bangladesh, Bhutan, Nepal, Pakistan, Sri Lanka, and Maldives.
- Optional cover for named and unnamed passengers.
- Flexibility to transfer the policy upon change of ownership or substitute vehicles within the same class.
Website
7. Tata AIG
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Tata AIG offers comprehensive bike insurance coverage to protect against various risks including accidents, theft, natural disasters, fire, and third-party liabilities. The policy provides extensive protection for both the bike and the rider.
Features
- Tailor your insurance coverage with various add-ons and riders to meet specific needs.
- Access to over 4000 network garages for quality, hassle-free repair services.
- Backed by Tata Sons and American International Group (AIG), ensuring prompt and efficient claims settlement.
- Enjoy peace of mind with a 99% claim settlement ratio
- Easy-to-navigate website for purchasing, renewing, and managing claims.
Types
- Comprehensive bike insurance
- Third-party bike insurance
- Standalone own damage cover for bike
Premium
Annual premium starting at ₹538.
Apply
Submit the following documents:
- Two-wheeler registration number
- Mobile number
- Residential PIN code
- Previous policy details
Inclusions
- Covers damage or loss due to natural calamities, man-made damages, fire, accidents, and in transit.
- Reimbursement of the current market value if the bike is stolen or damaged beyond repair.
- Covers damages to third-party property, death, or bodily injuries caused by your vehicle.
- ₹15 lakhs coverage for medical expenses arising from injuries or fatality in an accident.
Exclusions
- General wear and tear, mechanical/electrical breakdowns due to age.
- Use outside geographical borders of India.
- Damage due to war, war-like operations, mutiny, and nuclear perils.
- Damage during racing, speed tests, or reliability trials.
- Riding without a helmet or valid driving license.
- Riding under the influence of intoxicants or narcotics.
- Restricted usage conditions, such as flood-prone areas.
- Commercial use of private bikes.
Add ons
You can get these add-on benefits by paying additional premium:
- Reimburses depreciation for parts replacement/repair, available for the first two claims.
- Reimbursement of the invoice cost in case of theft or total damage.
- Covers emergency medical expenses and ambulance costs.
- Extra protection for serious injuries or fatality caused by an accident.
- Additional coverage for third-party liabilities.
- Reimbursement for consumables like oil, lubricants, and screws.
- Immediate breakdown assistance for issues like flat tires, dead batteries, and fuel requirements.
Website
Need help covering accident treatment costs?
8. Future Generali India Insurance
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Future Generali India Insurance policy offers comprehensive protection and peace of mind for your bike. Whether it’s an accident, theft, or unexpected mishap, our policy ensures that you are covered with a range of benefits and services designed to make your life easier. With instant policy issuance and renewal, hassle-free claims, and extensive network support, your bike is in safe hands.
Features
- Get your policy issued or renewed instantly without any hassle.
- 24/7 roadside assistance to help you in case of breakdowns or accidents.
- Towing assistance provided in the event of an accident to transport your vehicle safely.
- Enjoy peace of mind with our 94% claim-settlement ratio.
- Simple and efficient claims process to ensure quick resolutions.
- Access to over 3500 partner workshops across India for cashless claims.
- Future Xpress and Xpress+ services offer a personalised touch and faster claim settlements.
Types
- Comprehensive bike insurance
- Third-party bike insurance
- Standalone own damage cover for bike
Premium
Annual premium starting at ₹538.
Apply
Submit the following documents:
- Two-wheeler registration number
- Mobile number
- Residential PIN code
- Previous policy details
Inclusions
- Coverage for damages due to accidents or theft.
- Coverage up to ₹15 lakhs for personal accidents.
- Protection against damages to property, bodily injury, or death of a third party.
- Covers paid driver/conductor/cleaner and non-fare paying passengers.
Exclusions
- Normal wear, tear, and general aging of the vehicle.
- Damage caused by a person driving without a valid license.
- Loss or damage due to war, mutiny, or nuclear risk.
- Accidents outside the geographical area.
- Damage caused by a person driving under the influence of drugs or alcohol.
Add ons
You can get these add-on benefits by paying additional premium:
- Full claim value without considering the depreciation of your bike.
- Coverage for personal items like phones and laptops.
- Retain your No Claim Bonus advantage at renewal even if you made a claim in the previous year.
- Compensation for the difference between the insurance value and the invoice price in case of a total loss.
Website
9. SBI General Insurance
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SBI General’s Two-Wheeler Insurance Policy offers comprehensive coverage for your two-wheeler against various man-made and natural calamities. It includes essential protection against third-party liabilities as mandated by the Motor Vehicles Act. Additionally, this policy provides optional add-ons to enhance your coverage, ensuring peace of mind for riders.
Features
- Discounts available for long-term policies with tenures of 2 or 3 years.
- Easy renewals to avoid the hassle of annual policy renewals.
- Pro-rata basis refund available in the event of a total loss, combined total loss, or theft claim during the first or second year of the policy.
Types
- Comprehensive bike insurance
- Third-party bike insurance
- Standalone own damage cover for bike
Premium
Annual premium starting at ₹868.
Apply
Submit the following documents:
- Two-wheeler registration number
- Mobile number
- Residential PIN code
- Previous policy details
Inclusions
- Covers legal liabilities arising from injury/death of a third party or damage to third-party property caused by the insured vehicle.
- Loss or damage to the vehicle due to fire, explosion, self-ignition, accidental damage by external means.
- Damage in transit by road, rail, inland waterway, lift, elevator, or air.
- Natural calamities like lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, and rockslide.
- Man-made events such as burglary, theft, riot, strike, malicious act, and terrorist activity.
- Includes compulsory personal accident cover for individual vehicle owners (with a valid driving license) while driving. Also covers pillion riders for a maximum capital sum insured of ₹1 lakh.
Exclusions
- Normal wear, tear, and general aging of the vehicle.
- Depreciation or any consequential loss.
- Mechanical/electrical breakdown.
- Use of the vehicle not in accordance with the specified limitations.
- Damage caused by a person driving without a valid license.
- Damage caused by a person driving under the influence of drugs or liquor.
- Loss or damage due to war, mutiny, or nuclear risk.
Add ons
You can get these add-on benefits by paying additional premium:
- Offers a discount on renewals if no claim is made during the policy period, up to 50%. The NCB is transferable when shifting your motor insurance policy from another company.
- In case of total loss or theft, you can claim the vehicle’s Manufacturer’s Retail Price (MRP) as compensation.
Website
10. Oriental Insurance
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Oriental Insurance specializes in tailored protection plans to meet diverse needs, providing comprehensive coverage for two-wheelers.
Features
- Coverage period of one year, with options for shorter durations.
- Purchase, renewal, and migration of two-wheeler insurance plans online.
Types
- Comprehensive bike insurance
- Third-party bike insurance
- Standalone own damage cover for bike
Premium
Annual premium starting at ₹814.
Apply
Submit the following documents:
- Two-wheeler registration number
- Mobile number
- Residential PIN code
- Previous policy details
Inclusions
- Legal liability for injury/death and property damage to third parties.
- Coverage for damage due to fire, lightning, earthquakes, floods, and other natural disasters.
- Coverage for man-made calamities burglary, theft, riots, accidents, and damage during transit.
- Emergency service free through TVS.
- Optional cover for personal belongings protections for ₹400 or ₹650.
- No Claim Bonus, discounts for anti-theft devices, voluntary deductible, and Automobile Association membership.
- Personal accident cover of ₹15 lakh for the owner-driver in case of death or injury while using the vehicle.
- Coverage for repair costs up to ₹150 without prior authorization.
Exclusions
- Coverage only within specified geographic areas.
- Contractual liabilities excluded.
- Claims arising from misuse of vehicle.
- Excludes third-party drivers not named in the policy.
- Excludes accidents under the influence of alcohol/drugs.
- Excludes claims if driven without a valid license.
- Excludes damage due to war, nuclear incidents.
- Excludes claims for tyres and tubes, unless the vehicle is also damaged.
- Excludes wear and tear, depreciation.
Add ons
You can get these add-on benefits by paying additional premium:
- Depreciation cover for the full value of parts.
- Coverage for electrical and non-electrical accessories.
- Reasonable costs for towing to repair facilities.
Website
Know more: https://orientalinsurance.org.in/
11. ACKO
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ACKO’s bike insurance offers comprehensive coverage tailored to protect your two-wheeler against various risks and ensure peace of mind. Whether you own a bike, scooty, moped, or electric two-wheeler, ACKO has a policy for you.
Features
- Paperless experience for quick renewal.
- Up to 50% No Claim Bonus for five claim-free years.
- Online and cashless experience with instant claim settlements for minor damages within 2 hours.
- Types of bikes covered – Motorbikes, scooty, moped, electric two-wheelers.
- Cashless repair services available at network garages.
Types
- Comprehensive bike insurance
- Third-party bike insurance
- Standalone own damage cover for bike
Premium
Annual premium starting at ₹457.
Apply
Submit the following documents:
- Two-wheeler registration number
- Mobile number
- Residential PIN code
- Previous policy details
Inclusions
- Covers damage to third-party person’s vehicle, property, or injuries/death caused by your two-wheeler.
- Covers damages to your vehicle due to accidents.
- Covers damages due to fire, explosion, self-ignition, or lightning.
- Covers damages from floods, cyclones, earthquakes, etc.
- Covers damages due to riots, protests, terrorist activities, etc.
- Covers financial loss due to theft or total loss of the vehicle.
Exclusions
- Damages due to electrical or mechanical issues are not covered.
- Damages when driving under the influence of drugs, alcohol, or other intoxicating substances.
- Regular wear and tear are not covered.
- Damages when the policy is not active are not covered.
- Damages when driving without a valid license.
- Damages due to illegal activities like racing are excluded.
- Incidents outside the country are not covered.
- Injuries or death of the policyholder while riding the two-wheeler.
- Damages caused due to war are excluded.
Add ons
You can get these add-on benefits by paying additional premium:
- Zero depreciation cover ensures full claim amount without deductions for depreciation of vehicle parts, ideal for new bikes.
- Personal accident cover of up to ₹15 lakhs for permanent disability or death due to an accident while riding your bike or scooter.
Website
Know more: https://www.acko.com/two-wheeler-insurance/
Need help covering accident treatment costs?
12. Chola MS
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Chola MS provides a straightforward policy purchase and renewal process, hassle-free claims, and a customised Insured Declared Value (IDV) for two-wheeler insurance. With a vast network of over 8,500 cashless garages, Chola MS ensures you have ample support wherever you go.
Types
- Comprehensive bike insurance
- Third-party bike insurance
Premium
Annual premium starting at ₹763.
Apply
Submit the following documents:
- Two-wheeler registration number
- Mobile number
- Residential PIN code
- Previous policy details
Inclusions
- Coverage against legal liabilities to third parties in case of an accident. Full compensation to the third party, protecting you from legal ramifications.
- Compensation for death, dismemberment of two limbs, loss of sight in both eyes, loss of one limb and one eye, and permanent total disability due to an accident.
- Coverage for your own damage to your bike/scooter during an accident, with full cost of repairs paid by the insurance company.
- Coverage for damages caused by vandalism, terrorist strikes, protests, riots, and other malicious activities.
- Full compensation for theft, loss, or vandalism of the bike once the fact is proven.
- Coverage for damages caused by fires not deliberately caused by you, including repairs or replacements needed thereafter.
- Coverage for damages due to natural calamities like landslides, earthquakes, and floods.
- Coverage for damages incurred while transiting via elevators, rail, road, inland waters, etc.
Exclusions
- No coverage if the driver is under the influence of alcohol or drugs at the time of the accident.
- No coverage if the driver does not have a valid licence, with potential legal ramifications.
- Excludes coverage for regular wear and tear, old age of the vehicle, and issues not resulting from an accident, fire, vandalism, or natural calamity.
- No coverage if only the accessories of the bike are stolen or lost, not the bike itself.
- No coverage for damages resulting from willful negligence, making the owner solely responsible for repair costs.
- No coverage for damages incurred while travelling outside the geographical boundaries of India.
Add ons
You can get these add-on benefits by paying additional premium:
- Ensures full claim value without considering depreciation during repairs or replacements.
- Covers total loss or theft by providing the vehicle’s invoice value.
- Road assistance cover Includes battery jump-start, towing, flat tire or minor repairs assistance, hotel stay, or ride back home.
- Covers consumable items like engine oil, nuts and screws, distilled water, and other similar items.
Website
13. Digit General Insurance
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Inclusions
Exclusions
Add ons
Website
About
Digit Bike Insurance offers comprehensive and affordable bike insurance options, including third-party policies to comply with legal requirements and comprehensive or Own Damage policies for complete protection. You can easily purchase these policies online at competitive premiums.
Features
- Cashless repairs available at over 4400 network garages across India.
- Claims processed in an average of 11 days.
- Quick and paperless claims through a smartphone.
- Customer service available 24/7, even on national holidays.
- Adjust your bike’s insured declared value (IDV) as per your choice.
- No Claim Bonus up to 50%.
Types
- Comprehensive bike insurance
- Third-party bike insurance
Premium
Annual premium starting at ₹719.
Apply
Submit the following documents:
- Two-wheeler registration number
- Mobile number
- Residential PIN code
- Previous policy details
Inclusions
- Protects against damages and losses due to accidents or collisions.
- Theft protection covers losses if your bike is stolen.
- Covers damages from accidental fires.
- Protects against damages from floods, cyclones, and other natural disasters.
- Covers medical expenses if you are injured in an accident.
Exclusions
- Damages to your own vehicle are not covered under third-party policies.
- No coverage for accidents occurring when driving under influence of drugs/alcohol or without a driving licence.
- Claims are not covered if riding with a learner’s licence without a valid licence-holder on the pillion seat.
- Damages not directly resulting from an accident are excluded.
Add ons
You can get these add-on benefits by paying additional premium:
- Zero depreciation cover ensures full value of repairs/replacements without considering depreciation.
- Return to invoice covers the cost of a new bike, including road tax and registration, if your bike is stolen or beyond repair.
- Engine and gearbox protection covers consequential damages to the engine and gearbox.
- Covers costs for consumables like engine oils, screws, nuts, bolts, grease, etc., after an accident.
- Provides roadside assistance without it being counted as a claim.
- Covers costs for replacing damaged tyres and associated labour.
- Compensates transportation costs while your bike is under repair.
Website
14. IFFCO Tokio
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Features
Types
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Inclusions
Exclusions
Add ons
Website
About
IFFCO Tokio Bike Insurance provides comprehensive coverage and a hassle-free experience for two-wheeler owners. With a focus on simplicity, speed, and customization, this insurance plan ensures that you and your bike are well-protected against various risks and unforeseen events.
Features
- Access to cashless repair services at network garages.
- 24/7 support for claim settlement.
- Ensures peace of mind with a high claim settlement ratio.
- Effortless, paperless, and fast claim settlements for minor damages up to ₹50,000.
- Convenient online options for buying or renewing policies via the website or mobile app.
Types
- Comprehensive bike insurance
- Third-party bike insurance
- Standalone own damage cover for bike
Premium
Annual premium starting at ₹868.
Apply
Submit the following documents:
- Two-wheeler registration number
- Mobile number
- Residential PIN code
- Previous policy details
Inclusions
- Repair or replacement costs in case of accident or collisions.
- Protection against financial loss if your bike is stolen.
- Coverage for damage due to floods, earthquakes, cyclones, or other natural disasters.
- Protection against damage caused by fire incidents.
- Compensation for bodily injury or death of the owner-driver.
Exclusions
- Accidents occurring under the influence of alcohol or drugs.
- Injuries or damages caused due to neglect.
- Normal wear and tear of the bike.
- Damages due to electrical or mechanical failure.
- Damages caused by war, nuclear weapons, or civil unrest.
Add ons
You can get these add-on benefits by paying additional premium:
- Full claim amount for damages without considering depreciation.
- Reimbursement for towing costs or services.
- Coverage for damage to the bike’s locking system or loss of the key.
- Coverage for consumables like engine oil, grease, nuts, and bolts expenses.
- Protection for both electrical and non-electrical components of your bike.
Website
15. Liberty General Insurance
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Types
Premium
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Inclusions
Exclusions
Add ons
Website
About
Liberty General Insurance offers comprehensive bike insurance designed to protect your motorcycle with a range of valuable features. Known for its high claim settlement rate and extensive support network, Liberty General Insurance ensures your bike remains safeguarded against various risks, providing peace of mind and financial security.
Features
- Enjoy cost-effective insurance renewals.
- Immediate roadside assistance in case of an accident or breakdown.
- Quick and easy online policy access.
- Hassle-free, fully digital process with no paperwork required.
Types
- Comprehensive bike insurance
- Third-party bike insurance
Premium
Annual premium starting at ₹921.
Apply
Submit the following documents:
- Two-wheeler registration number
- Mobile number
- Residential PIN code
- Previous policy details
Inclusions
Loss or damage to vehicle:
- Fire, explosion, self-ignition, or lightning
- Burglary, housebreaking, or theft
- Riots or strikes
- Earthquake (fire and shock damage)
- Natural calamities like floods, storms, cyclones, hailstorms, frost
- Accidental external means
- Malicious acts
- Terrorist activities
- Transit by road, rail, inland waterway, lift, elevator, or air
- Landslide or rockslide
Liability to third parties:
- Death or bodily injury to any person, including passengers (excluding those carried for hire or reward)
- Property damage (excluding property belonging to or in the custody of the insured)
Personal accident cover for owner-driver:
- 100% compensation for death
- 100% compensation for loss of two limbs or sight of two eyes, or one limb and sight of one eye
- 50% compensation for loss of one limb or sight of one eye
- 100% compensation for permanent total disablement
Exclusions
- Loss covered under other insurance policies or warranties
- Consequential loss not directly related to an accident
- Costs of engine oil and consumables for engine flushing
- Damage due to delayed notification or retrieval from a water-logged area
- Negligence in protecting the vehicle from loss or damage
Add ons
You can get these add-on benefits by paying additional premium:
- Covers depreciation on replaced bike parts damaged in an accident.
- Covers expenses for replacing damaged consumables and accessories.
- Covers the difference between the claim amount and vehicle value, including road tax and first-time registration charges.
- Provides up to four claims for emergency services like breakdown support, minor repairs, fuel arrangement, flat tire support, lost key assistance, towing, and alternative transport.
- Covers consequential damage to the engine and gearbox due to water ingression or oil leakage from an accident.
Website
Need help covering accident treatment costs?
16. Kotak Mahindra Insurance
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Types
Premium
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Inclusions
Exclusions
Add ons
Website
About
Your two-wheeler brings endless joyrides and a spirit of adventure, offering the freedom to traverse distances. Kotak Mahindra bike insurance, also known as a two-wheeler insurance policy, secures every ride, whether it’s to work, home, or for leisure, so you can continue enjoying your adventures without worries.
Types
- Comprehensive bike insurance
- Third-party bike insurance
Premium
Annual premium starting at ₹733.
Apply
Submit the following documents:
- Two-wheeler registration number
- Mobile number
- Residential PIN code
- Previous policy details
Inclusions
- Coverage for damages due to natural calamities (e.g., fire, earthquake, flood).
- Coverage for damages due to man-made calamities (e.g., theft, burglary, riot).
- Third-party property damage or bodily injury (including death).
- Personal accident cover up to ₹15 lakh for the owner-driver.
- Attractive discounts for a good claims history.
- Additional discounts for Automobile Association of India members.
Exclusions
- Normal wear and tear and general aging of the vehicle.
- Depreciation or any consequential loss.
- Damage caused by someone driving without a valid license.
- Damage caused by someone driving under the influence of drugs or alcohol.
- Mechanical/electrical breakdown.
- Loss/damage due to war, mutiny, nuclear risk, etc.
- Damage when the vehicle is used outside the limitations specified.
- Wear and tear of consumables like tyres and tubes unless the vehicle is damaged simultaneously (liability limited to 50% of replacement cost).
Add ons
You can get these add-on benefits by paying additional premium:
- Ensures full claim without deductions for depreciation.
- Provides help in case of breakdowns, flat tires, or other roadside issues.
- Offers coverage for engine damages due to water ingress or oil leakage.
- Covers the cost of consumables such as engine oil, nuts, bolts, and screws.
- In case of total loss, theft, or damage, you get the invoice value of the vehicle.
Website
17. Shriram
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Types
Premium
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Inclusions
Exclusions
Add ons
Website
About
Shriram General Insurance Co. Ltd offers comprehensive bike insurance policies designed to provide robust financial protection against various risks associated with two-wheelers. Their bike insurance plans cover third-party liabilities, own damage, and offer a range of add-ons like personal accident cover and zero depreciation.
Features
- Enjoy affordable premiums with zero commission charges.
- Get 24/7 roadside assistance and emergency support for breakdowns, minor repairs, refuelling, and more.
- Renew your policy anytime from the comfort of your home.
- Experience quick claim notifications and timely settlements.
- Receive No Claim Bonus (NCB) on your own damage insurance premium.
- Choose from various payment methods like Debit Card, Credit Card, or Net Banking.
Types
- Comprehensive bike insurance
- Third party bike insurance
- Standalone own damage cover for bike
Premium
Annual premium starting at ₹771.
Apply
Submit the following documents:
- Two-wheeler registration number
- Mobile number
- Residential PIN code
- Previous policy details
Inclusions
- Coverage for natural calamities (fire, floods, earthquakes, etc.) and man-made disasters (riots, accidents, terrorism, etc.).
- Protection against burglary, theft, and damage in transit.
- Unlimited liability coverage for accidental death or injuries caused to a third-party.
- Compensation up to ₹1,00,000 for damage caused to third-party property.
Exclusions
- No coverage for accidents while under the influence of drugs or alcohol, or due to willful negligence.
- No coverage if the vehicle is used outside its specified limits or driven by an unlicensed person.
- No coverage for damage related to nuclear activities or war.
- Excludes consequential loss, depreciation, wear & tear, and mechanical or electrical breakdowns.
Add ons
You can get these add-on benefits by paying additional premium:
- Mandatory personal accident cover providing protection against bodily injury or death of the owner-driver.
- Immediate roadside assistance in case of breakdowns or accidents, including towing, tyre repair, and battery jump-start services.
- Personal accident cover for co-riders in case of unforeseen accidents.
- Legal assistance in case of accidents involving the insured vehicle.
- Daily allowance of ₹1,500 for up to 30 days during hospitalisation due to an accident.
- Compensation up to ₹500 for obtaining duplicate copies of lost driver’s license or registration certificate.
- Reimbursement for hired transport costs when the vehicle is under repair for more than three days.
- Compensation for loss or damage to personal belongings.
Website
18. Zuno (formerly Eidelweiss)
About
Features
Types
Premium
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Inclusions
Exclusions
Add ons
Website
About
Zuno’s 2-Wheeler Insurance offers a variety of add-on covers designed to provide comprehensive protection for you, your passengers, and your vehicle. Customise your policy to meet your needs and ensure you’re covered in various situations.
Features
- Get all-round cover with various add-ons.
- Never be far from help with their extensive network of cashless garages.
- Enjoy an easy and quick claim settlement process to get you back on the road with minimal hassle.
Types
- Package/Comprehensive bike insurance
- Third party bike insurance
- Standalone own damage cover for bike
Premium
Annual premium starting at ₹756.
Apply
Submit the following documents:
- Two-wheeler registration number
- Mobile number
- Residential PIN code
- Previous policy details
Inclusions
- Covers damage to your bike due to accidents or collisions.
- Protects against the loss of your bike due to theft.
- Covers damage caused by natural disasters like floods and cyclones.
- Provides coverage for medical expenses if you get injured in an accident.
- Covers losses or damages suffered by third parties due to your vehicle, including property damage, personal injury, or death.
Exclusions
- Claims arising from contracts with third parties are not covered.
- Damage or loss when the two-wheeler is used illegally is excluded.
- Damage caused by war and similar situations is not covered.
Add ons
You can get these add-on benefits by paying additional premium:
- Reimburses the depreciation amount deducted on the value of replaced parts.
- If you are the first registered owner, invoice value protection covers total loss, theft, or constructive total loss of the vehicle, including Road Tax and RTO registration fees.
- Covers the cost of replacing or fixing consumables like engine oil, washers, AC gas oil, nuts and bolts, radiator coolant, and similar items (excluding fuel) if damaged due to covered risks.
Website
Know more: https://www.hizuno.com/two-wheeler-insurance
19. Universal Sompo
About
Features
Types
Premium
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Inclusions
Exclusions
Add ons
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About
Universal Sompo is a dynamic and rapidly expanding insurance provider in India, known for its commitment to innovative and efficient insurance solutions. Supported by the expertise of Sompo Japan Nipponkoa Insurance Inc., a Fortune 500 company, and backed by three major Indian banks and a significant investment company, Universal Sompo is a trusted choice for comprehensive and robust insurance plans.
Features
- Fast and hassle-free claims processing, with a simplified settlement procedure.
- Access to over 2000+ preferred workshops nationwide for cashless claims.
- Round-the-clock assistance available, even on holidays, with a team of highly trained professionals handling claims and queries.
- Includes third-party legal liability and personal accident cover under one plan.
- Retains the No Claim Bonus from an existing plan if transferred within ninety days of the renewal date.
- Discounts for members of recognized automobile associations.
Types
- Comprehensive bike insurance
Premium
Annual premium starting at ₹960.
Apply
Submit the following documents:
- Two-wheeler registration number
- Mobile number
- Residential PIN code
- Previous policy details
Inclusions
- Covers loss or damage due to fire, earthquake, flood, and other natural events.
- Protects against theft, riots, accidents, and other man-made events.
- Provides ₹15 lakh coverage for the owner/driver in case of death or permanent disability.
Exclusions
- Normal wear and tear and general ageing of the two-wheeler.
- Mechanical or electrical breakdowns.
- Use of the vehicle beyond its designated limitations.
- Depreciation or consequential losses.
- Damage caused by a driver without a valid licence or under the influence of drugs or alcohol.
- Losses due to war, mutiny, or nuclear risks.
- Wear and tear of consumables like tires and tubes unless damaged in an accident.
Add ons
You can get these add-on benefits by paying additional premium:
- Additional cover for co-passengers.
- Protection against legal liabilities for drivers, cleaners, or workmen.
- Insurance for additional accessories fitted later, beyond the factory-installed ones.
- Depreciation cover up to 5 years from registration, covering 100% of replaced parts.
- Compensation equal to insured value plus registration, road tax, and insurance.
- Cash benefit when the vehicle is under repair.
- Covers the difference between the manufacturer’s selling price and the Insured Declared Value in case of total loss or theft.
- Compensation for acquiring a duplicate license.
- Covers up to ₹1 lakh for injuries or disabilities.
- Enhanced personal accident cover for the owner.
- Hospital cash cover up to ₹2,000 per day for a maximum of 30 days.
- Coverage for hospitalisation due to accidents involving the owner or family.
- Covers damage to the engine, differential housing, and gearbox due to water ingress or oil leakage.
- Coverage for consumable items.
- Roadside Assistance includes 24/7 repair, towing, puncture assistance, emergency fuel delivery, and more.
- Discounts for anti-theft devices and voluntary deductibles.
- Special discounts for modified vehicles for the blind, handicapped, and mentally challenged.
Website
Need help covering accident treatment costs?
20. Royal Sundaram
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Premium
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Inclusions
Exclusions
Add ons
Website
About
Royal Sundaram’s Two-Wheeler Insurance offers comprehensive coverage to ensure your ride is protected against a wide range of risks. This policy is designed to provide peace of mind and financial security, allowing you to enjoy your rides without worry.
Features
- Quick and hassle-free claims processed within 10 working days.
- Trusted by over 5 million Indians with a 96% claim settlement ratio.
- Single policy document for the entire policy period.
- Pay once for a two- or three-year coverage period.
- Competitive premium rates to suit your budget.
- No extra premium required during the policy period even if there is an increase in third-party premium.
Types
- Comprehensive bike insurance
- Third-party bike insurance
- Standalone own damage cover for bike
Premium
Annual premium starting at ₹964.
Apply
Submit the following documents:
- Two-wheeler registration number
- Mobile number
- Residential PIN code
- Previous policy details
Inclusions
- Provides a minimum coverage of ₹15 lakh for personal accidents, with an option to extend this cover to passengers.
- Comprehensive coverage for repair or replacement due to damage from an accident.
- Protection against damages from natural disasters or fire explosions.
- Financial protection if your two-wheeler is stolen or irreparably lost.
- Coverage for any injury caused to third parties due to your insured vehicle
Exclusions
- No coverage for damages when the rider is found overspeeding.
- Routine wear and tear are not covered.
- No coverage if the rider is found without a valid driving license during an accident.
- Damages occurring while the rider is under the influence of alcohol or drugs are excluded.
Add ons
You can get these add-on benefits by paying additional premium:
Ensures full claim without depreciation deductions.
Retain and transfer your No Claim Bonus when you switch to Royal Sundaram.
Website
Things to consider when choosing the right bike insurance policy
When it comes to picking the best bike insurance company in India, there are some important factors you should keep in mind:
Coverage options
Take some time to understand your specific needs. If you want total protection, a comprehensive policy including third-party liability, own damage, and extras like personal accident cover, is the way to go. If you’re on a budget, consider a third-party policy with additional add-ons.
Compare policies
Get quotes from multiple providers and compare their policies. Look at the coverage, premiums, and add-ons offered to find the best deal.
Claim settlement process
Do some research on the claim settlement process of the insurance companies you’re considering. Make sure it’s smooth and hassle-free. It is also wise to go for a company with a high claim settlement ratio. This shows that they’re reliable and efficient when it comes to processing claims.
Customer service
You’ll want an insurer that provides prompt and responsive customer service. This will ensure you have a hassle-free experience when making claims or seeking assistance.
Premium costs
Take the time to compare premium rates from different providers. This way, you can find the best value for the coverage you need.
Policy features
Think about whether you need any additional protections offered by the insurer. Look for added benefits like no-claim bonus, cashless servicing, and a wide network of garages.
Evaluate the network of garages
If cashless claims are important to you, check if the insurer has a wide network of garages. This way, you won’t have to make upfront payments for repairs.
Reviews and reputation
Before making a decision, read customer reviews and get a sense of the insurer’s reputation for customer satisfaction. This will give you valuable insights into the quality of service provided by the insurer.
Online convenience
Opt for an insurer that has a user-friendly website. This will make managing your policy and renewals easy.
Policy renewal process
Review how easy it is to renew your policy and whether there are any discounts offered for renewing with the same company.
As two-wheeler ownership continues to rise, it is imperative for riders to recognize the importance of being insured. By investing in bike insurance, riders not only safeguard their financial well-being but also contribute to a broader culture of safety and responsibility on the roads.
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Do you know someone who could benefit from fundraising? Simply refer them to us and we’ll be happy to lend a hand.
Visit www.milaap.org or call us on +91 9916174848 to get started now.
For more information, write to us at cx@milaap.org.
