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Two Wheeler Insurance Ride Worry Free with BIMASURE

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.
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2-Wheeler Insurance
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What is Two Wheeler Insurance?

Two wheeler insurance, or bike insurance, is an insurance policy that helps you to cover against damages that may happen to both you and to your two-wheeler due to events like accidents, thefts, fires, or natural disasters. It essentially protects the bike owner against liabilities arising due to damages to any third-party vehicle, property or person.

Need and Importance of Two Wheeler Insurance

There are various situations where your bike insurance policy can protect you and your bike from avoidable expenses. In accordance with the Motor Vehicles Act 1988, it is compulsory to have at least a third-party bike insurance policy. But apart from that, a two-wheeler insurance policy can be beneficial in different situations;

Surging Two-Wheeler Sales

With India's auto industry reaching record-breaking two-wheeler sales of 21 million units in 2019, the need for insurance is evident, especially considering the doubled sales from 2011.

Mandatory Third-Party Insurance

Given the high incidence of accidents in crowded cities, having at least a Third-Party Bike Insurance is mandatory by law, ensuring coverage against damages caused to third-party vehicles or individuals.

Types of Two Wheeler Insurance

It is mandatory to have a bike insurance policy in India that offer coverage to your two-wheeler in case of damage caused to your vehicle due to an accident, theft, or natural calamities. There are three types of bike insurance policies in India for your vehicles i.e. Standalone own damage bike insurance, Third party bike insurance, and comprehensive bike insurance.

Comprehensive Bike Insurance

A comprehensive bike insurance policy offers total protection by covering all of your potential financial liabilities to third parties and compensating you for costs associated with your bike's own damage. With this type of plan, your bike is protected from damages caused by self-ignition, explosion, fire, man-made disasters, theft, accidents, etc. Also, you can enhance the basic coverage benefits of the comprehensive bike insurance policy by adding some add-on riders like Zero. Depreciation cover, roadside assistance cover, engine cover, etc. by paying an additional premium amount.

Third-Party Bike Insurance

Third-party bike insurance is mandatory for riding a bike in India. It provides coverage against third-party liabilities. In other words, a Third-party two wheeler insurance policy provides financial protection if your vehicle damages another person’s vehicle/property or causes injury/death to a third party in an accident, but it does not cover loss or damage to your own two-wheeler.

Standalone Own Damage Bike Insurance

Standalone own-damage bike insurance policy covers all damages caused to the insured bike due to accident, theft, fire, natural calamity, or man-made calamity. A standalone own-damage policy gives policyholders the freedom to choose the insurance provider of their choice. Policyholders have the option of purchasing both their damage and third-party plans from the same insurer or a different one. By opting the add-on cover, an insured can enhance the coverage benefits of their damage insurance policy.

Key Features of Two Wheeler Insurance

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

Premium Starting from Approx ₹714

Bimasure offers competitive premiums starting from ₹714 for two-wheeler insurance.

Own Damage Cover for the Bike

Comprehensive two wheeler policies cover Own Damage cover to your bike caused by accidents, natural or man-made disasters.

Third-Party Damage Cover

Bike insurance policies protect you from damages caused to third-party property or injuries to third-party persons.

Up to 50% No Claim Bonus Discount

Policyholders can avail up to a 50% discount on No Claim Bonus.

Customizable Add-Ons

Several options of add-ons are available, allowing policyholders to tailor their coverage.

Cashless Repairs at Tie-up Garages

Access cashless repairs at a vast network of garages across India.

Smartphone-Enabled Claim Process

The claims process is smartphone-enabled and can be completed online within few minutes.

Unlimited Liability for Personal Damages

Coverage includes unlimited liability for personal damages and up to 7.5 Lakhs for property/vehicle damages.

Personal Accident Cover of Rs 15 lakh

The IRDAI has made it mandatory to have a personal accident cover that covers accidental deaths and disablements at an affordable premium

Key Benefits of Two Wheeler Insurance

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

We Shield Your Vehicle

A two wheeler is very special for every owner. We will protect it against loss or damage due to theft or accident.

We Shield You

We help you be prepared for the unforeseen. You are covered by a Personal Accident Cover for a minimum of Rs.15 lakh. You can extend cover for passengers too.

We Shield Against Liability

In case you are in an accident involving a third party, the policy covers your financial liability for damage to their property upto Rs 7.5lac and Unlimited Liability for third party bodily injury or death

Peace of Mind

It also gives you peace of mind to know that your policy protects your family against monetary losses. Without insurance to cover the costs, it might be difficult to pay for repairs to your vehicle.

Our Preferred Plans

Finding the best motor insurance for two-wheeler insurance can be a very stressful for any individual as there are many plans available in the market from various motor insurance companies. To make it easier for you, we BimaSure have compiled the list of best two-wheeler insurance plans along with its key features in the table below:

Inclusion and Exclusions in Two Wheeler Insurance Plan

Here’s the list of events covered under bike insurance, Note that this is an overview; please check out respective two wheeler insurance policy wordings for exact details.

CoveragesThird PartyComprehensiveStandard Own Damage
Accidental damage to your two-wheeler❌ ✔ ✔
Damages by natural calamities such as Floods, Earthquakes, Cyclones etc.❌ ✔ ✔
Damages by Man Made disasters like riots, terrorists activities, strikes etc.❌ ✔ ✔
Losses from fire or theft of your two-wheeler❌ ✔ ✔
Injuries/Death of third-Party Person✔ ✔ ❌
Damages to Third-Party Property/Vehicle✔ ✔ ❌

Vehicle Policy

Damages to the policyholder's own vehicle are not covered.

Invalid Driving License

Riding a bike without a helmet or valid driving licence.

Alcohol/Drugs

Driving under the influence of drugs and alcohol.

Normal Wear And Tear

Depreciation or wear and tear.

Vehicle Consumable

Vehicle consumables.



Vehicle Breakdown

Damage caused due to Mechanical or electrical breakdown of the bike due to age.

War And Nuclear Risks

Damage caused due to war, war-like operations, mutiny and nuclear perils.

Consequential Loss

Consequential Damages not directly resulting from an accident.

Geographical Area

If the bike is used outside the determined geographical borders, i.e., outside the boundaries of India.

Crash Due To Speed Racing

Damage caused to the bike when used for racing, reliability trials, speed tests, etc.

Tyre Repair

Tyre or tube repair.

Add-ons

Add-ons not Bought

Two Wheeler Insurance Premium Rates

As per the latest hike in third party bike insurance rates set by IRDAI, you should expect to pay extra for third party coverage on two-wheelers. The cost of third-party plans is decided by IRDAI, where the premium amount for a comprehensive bike insurance plan is decided based on several external factors like engine capacity, age, location, gender, etc.

Engine CapacityThird Party Rate for 1 year policyThird Party Rate for 5 year policy
(New 2 wheeler)
Not exceeding 75 cc₹ 538₹ 2,901
Exceeding 75cc but not
exceeding 150cc		₹ 714₹ 3,851
Exceeding 150cc but not
exceeding 350cc		₹ 1,366₹ 7,365
Exceeding 350cc₹ 2,804₹ 15,117

Addons in Two Wheeler Insurance

Insurance companies offer various add-ons to enhance coverage, although they may increase the premium amount. Some noteworthy add-ons include:

Zero Depreciation Cover

Ensures full value reimbursement for repair/replacement costs during claims, without factoring in depreciation.

Return to Invoice Cover

Covers costs for a similar bike, including road tax and registration fees, in case of theft or irreparable damage.

Emergency Assistance Cover

If you have the emergency roadside assistance- cover, Most insurers provide a variety of services such as tyre replacements, small on-site repairs, battery jump starts, towing fees, lost key help, replacement keys, and fuel arrangements, etc.

Engine & Gear-box Protection

Covers consequential damages to the engine and gearbox post-accident, addressing issues like water regression, oil leakage, and undercarriage damage.

No Claim Bonus (NCB Protect)

This add-on allows you to retain your no claim bonus and get a discounted premium amount even if you make any claim during the policy tenure.

Tyre Protect

Reimburses the cost of replacing damaged tyres for vehicles fitted with run-flat technology, subject to policy conditions.

Daily Conveyance Benefit

Compensates for transportation costs during the period when the two-wheeler is under repair, subject to applicable time excess.

Consumable Cover

Additional protection for bike essentials like engine oils, screws, nuts, bolts, and grease in the event of an accident.

FAQ's

As the need for insurance increases, doubts and queries also increase. Navigating insurance complexities can be overwhelming.To help you with this, We have tried to address common doubts for a seamless journey with Bimasure;

Two-wheeler insurance provides financial protection against damages or losses incurred by the insured’s motorcycle or scooter. It is a mandatory requirement in India under the Motor Vehicles Act.

The two main types are Third-Party Liability Insurance (mandatory) and Comprehensive Insurance (covers third-party liability and damages to your vehicle).

Premiums are calculated based on factors like the bike’s make and model, age, cubic capacity, location, and the chosen coverage type.

Yes, most insurers offer online renewal services, making it convenient for policyholders to renew their two-wheeler insurance policies.

IDV is the maximum amount the insurer will pay in case of a total loss or theft of your vehicle. It is calculated based on the bike’s current market value.

Yes, the insurance policy can be transferred to the new owner of the vehicle. The new owner needs to inform the insurance company and complete the necessary documentation.

NCB is a discount offered on the premium for every claim-free year. It can accumulate over time, resulting in significant savings on the insurance premium.

Yes, many insurers offer add-on covers that allow policyholders to customize their coverage based on specific needs, such as zero depreciation, roadside assistance, etc.

In case of an accident or damage, inform the insurance company immediately. The claims process typically involves filling a form, providing required documents, and getting the vehicle surveyed.

If the policy lapses, you lose the coverage. However, some insurers provide a grace period for renewal. If that lapses too, you may have to undergo a vehicle inspection before renewing.

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