Two Wheeler Comprehensive Insurance Policy

Two Wheeler Insurance or Bike Insurance is an insurance policy which provides financial protection to your two wheeler bike against any damages that may be caused by accidents, natural disasters, theft or any serious incidents. A Two Wheeler Insurance also covers financial losses against any third party liabilities.

Just the way your bike has been a reliable companion through all your journeys, our two wheeler insurance is meticulously designed to be your bikes ideal partner. As per the latest Motor Vehicle Act, insuring your two wheeler is compulsory. Get Reliance Two Wheeler Insurance within minutes and avoid paying a fine of Rs. 2000. We also offer comprehensive coverage for all top brands, including Hero, Honda, Yamaha, TVS, Suzuki, Royal Enfield & more.

What is Bike Insurance?
A bike insurance policy is a shield that protects you from financial loss, if your bike or scooter gets damaged due to road accidents, natural disasters, or theft. It also provides protection against liabilities arising due to damages to any third-party, be it property or person. Having a two wheeler insurance plan ensures that your vehicle is replaced or repaired without putting a dent in your finances

What are the Benefits of Two Wheeler Insurance?



Why Choose Bike Insurance?
Our reliance two wheeler insurance has same basic features but it is really about the other benefits that makes it one of the best purchases. These additional features come with a lot of advantages to the buyer and this is why one should choose this policy.

Offerings like Instant Renewal & Easy Claim Process
Reliance has a very easy process for renewal and it could be done online easily. You just need to enter a few details like your vehicles registration number and you can get a quote easily. Also, Reliance provides 24x7 support through telephone and this assistance to deal with the immediate claim is provided to the customer on all days even on the holidays. The application process is pretty simple and also is fast and reliable. The claim process settlement is thus very simple.

Customized Add-On Covers
Reliance offers various add-on covers like Nil Depreciation, Daily Allowance Benefit, EMI protection, Helmet Cover and more which you can choose as per your needs. There is also personal accident coverage inside the plan which gives an additional cover of 15 lakhs for any medical treatments due to accident.

Cashless Facility
Reliance also gives the insurer the benefit of availing cashless garages in two wheeler insurance the number of which exceeds 1198. With this amount, you'll easily be able to find a network garage in a Tier 1 or Tier 2 city near the area you live in. Reliance is known for claim settlement and providing reliable services in the shortest and fastest possible time.

No Claim Bonus
A no claim bonus is a bonus given to policyholders for every year that passes without a claim. The rate of the no claim bonus offered by Reliance is 20% for the first year and 25% for two consecutive years, 35% for three consecutive years, 45% for four consecutive years, and finally 50% for the five consecutive years. Also, there is an option of voluntary deductibles that can be chosen by the policyholder to lower the premium amount. A deductible of between 500 to Rs 1500 could be chosen which will lower the premium by 5% to 20%.

Add On Covers for Two Wheeler Insurance
When you are riding on the roads you are exposed to numerous risks. While our standard two Wheeler insurance plan offers basic protection, you can add more value to your two wheeler insurance protection with add-on covers. Our Add-On covers are designed to widen your two wheeler insurance cover to ensure all-round protection. You can choose from add-on covers such as: -

Nil Depreciation
With this add-on, secure your two wheeler against a reduction in the value of parts with age. You will get the parts replaced without any pinch to your wallet.

This add-on cover is applicable to the following conditions-

This add-on covers two wheelers with a maximum of two claims in one vehicle insurance policy period
In case of partial loss, we will settle a claim made for the insured two wheeler only if it is repaired by/ at one of our authorized dealers or workshops
Compulsory Excess will be applicable as per normal practice and Voluntary Deductible will be applicable if you have opted for it

Important points to keep in mind about Nil Depreciation Cover-
The rubber, nylon, plastic parts, and fiber-glass components are covered under this add-on.

We cover vehicles with a maximum age of 2 years
We offer a maximum of 2 claims per policy period
You can opt for this add-on cover with your two wheeler insurance policy when you get a brand new vehicle or while renewal of your two wheeler policy

Exclusions under the Nil Depreciation Add-On Cover
Parts not approved under the Motor Insurance Policy
Tyres and tubes

Daily Allowance Benefit
We can't deny the fact that accidents happen In this condition, we have to leave our vehicles in the garages and travel by our own. This add-on cover compensates for your daily travel allowance when your vehicle is in the insurer's authorized network garage for more than 3 days for repairs. This add-on cover is applicable to the following conditions-

EMI Protection
We are concerned about financial impact of an accident. We cover up to 3 EMI's of your insured vehicle if it is in the insurer's authorized network garage for more than 30 days for repairs. This add-on cover is applicable to the following conditions-

Vehicle is in repair, vehicle loan EMIs will gets paid
Payment directly made to financial institution
Up to maximum 3 EMI shall be payable
Triggers if repair time 30 days
Applicable only for partial claims

Triggered if 3days vehicle under repairs due to perils/OD
Option to choose days & amount
Allowance Limit Rs.5000/- per day
Lumpsum theft benefit, if vehicle is not recovered 30 days
Applicable only for partial claims

Helmet Cover
This add on cover will make an allowance towards cost of replacing damaged or destroyed helmet of same type and model due to accident involving the insured vehicle. This cover is valid for Annual Two Wheeler policy and can be bought as an add-on cover at the time of purchase. This add-on cover is applicable to the following conditions-

Premium starting @Rs.100/-
Pay only 10% of Helmet cost (Sum Insured)
Sum Insured limit up to Rs.50,000/- per helmet
More than 1 helmet can be covered in a single year
Reimbursement of the helmet will be the same type and model

Please note that the policy
Shall be available only for maximum one accident during the policy period
Shall not be available for Theft claims
Deductibles is 5% of Sum Insured opted by the insured
Shall not be available for damage caused by deterioration, wear and tear
Interested in Third-party liability insurance? Know more about third party liability two wheeler insurance.

Use our free two wheeler insurance premium calculator to get an instant quote for your motorcycle or scooter. Just fill the details in the form on the left hand side of this page.

Things You Need to Know About Two Wheeler Insurance
Two wheeler policy market has changed dramatically over a few years. There are a lot of features given by the insurers to make sure that their customers retain their policy. Getting bike insurance now is as easy as you can imagine, the process is done online and is hassle-free. Some of the things to know before getting two wheeler insurance are:

Comprehensive and Third Party Liability Only Coverage:
With getting the bike insurance, the person has the option to choose between third party liability only coverage or the comprehensive cover. The liability covers are mandatory by the Indian law but having a comprehensive cover will cover for your own damages as well apart from the third-party damage.

Compulsory Personal Accident Cover:
Bike insurance now have the option to avail person accidental coverage of up to 15 Lakh, earlier it was 1 lakh but recently IRDAI increased the cover to 15 lakhs.

Optional Add-On Coverage:
There are a lot of additional features offered at an extra cost but could be sometimes important and go a long way. It includes coverage from accessories, to spare parts to option to choose to cover accident for pillion riders.

No Claim bonus Transfer:
The no claim bonus could be transferred easily in case a new policy is purchased, the no claim bonus is given to the rider and not the vehicle thus the transfer is easy.

Discounts:
IRDAI approved insurers to give a discount on bike insurance to the vehicles with approved anti-theft insurance, membership of automotive session.

Easy Online Purchase:
With everything going online and through apps insurers can avail the policy and also renew the policy online quickly. This makes it easy for the rider to get the facility right at their home. Since all the details are previously insured in the database online so a lot of verification and paperwork is saved.

Why is Bike Insurance Necessary?
A two wheeler offers a lot of benefits and convenience to the buyer as they save time and resource. Getting a two wheeler also comes with a set of its own risk and thus getting a third party liability insurance cover is also mandated by the law. Few reasons why two wheeler insurance is necessary are:

Financial Coverage: The condition of the roads in India is not very good and also with that there has been an increase in rash driving cases. An accident can cause a lot of damage to the vehicle and loss of life as well. Loss of money is almost sure in these cases and thus the insurance firm pays for the repair of the vehicle and also covers the medical aid to the injured person. Thus, you can have peace of mind as any any damage to the vehicle will not cost you and not cause any financial trouble if you have a bike insurance.

Mandated by Law: Riding without a valid two wheeler insurance policy is punishable by law. The first thing which makes it necessary to get bike insurance apart from all the other things is that the cover is mandated by the law. Thus, under the Motor Vehicles Act, one must mandatorily at least have a third party two wheeler insurance

Natural Calamity Cover: A bike insurance policy also has the coverage for damage done through any kind of natural calamity like earthquake and floods. Thus, an insured person can claim under these unforeseen circumstances as well.

Personal Accident Cover: You get a personal accident cover along with two wheeler insurance which helps you stay protected arising from any accidents

Third Party Cover: A third party two wheeler cover protects the person from any kind of legal obligation that may arise due to the accident towards third party. It Covers damage to the third party property or Death or bodily injury to a third party by the insured vehicle. third-party cover is mandated by the law which means the bike insurance policy of the insured person will cover for any damage done to another vehicle and the person (Third-Party).

Features of Reliance Two Wheeler Insurance:
We understand the hassle behind buying two wheeler insurance and thus try very hard to make the plans as well as the process as friendly for the buyer as possible. There are a lot of special features offered specifically by Reliance Insurance to make it one of the best purchase sets, take a look at them in some detail -

Paperless: Reliance General Insurance is completely available online and thus the paperless hassle-free facility could be enjoyed. Going paperless has not only made the process easy but has also resulted in saving a lot of resources and easy renewals expanding the scope for the customers. It has also made the process of buying and renewing two wheeler insurance a lot faster.

Long Term Insurance Policy: Reliance insurance is best at providing long protection that is a 3 years policy with a single click. Getting long-term insurance at one go decreases the premium amount while also decreasing the burden off your head of renewing the policy again and again each year.

Renew Expired Policy Without Inspection: Reliance General also gives the benefit of renewing two wheeler insurance policy that has expired without any inspection or paperwork. You can get an expired two wheeler insurance quote online just by filling your bike registration number.

Add-on covers: The list of the two wheeler insurance add-on covers is very long. While getting basic insurance when your insurance does cover for a lot of things but still there are some add-ons which can be taken at an extra cost each of which will add to the level of protection. This could be Personal Accident Bundle Cover, Zero or Nil Depreciation Cover and much more.

Discount Offers: If you are new to getting insurance or you have been a long-time customer Reliance has offers for almost all the groups. These exciting offers are win-win for the buyer and thus could enjoy up to a 20-50% discount on getting insurance through Reliance. These discounts could range from No Claim bonus discounts, Voluntary discounts etc.

What are the different types of two wheeler insurance coverage?
There are two types of two wheeler insurance policies offered by the insurance companies in India. A Third Party Only Bike insurance and a Comprehensive Bike Insurance. Here are two different types of two wheeler insurance policies explained:

Third Party Two Wheeler Insurance
A third party two wheeler cover is something that as the name suggests protecting the person from any kind of legal obligation that may arise due to the accident towards third party. It Covers damage to the third party property or Death or bodily injury to a third party by the insured vehicle. Also it is mandatory as per Law .

Comprehensive Two Wheeler Insurance
A Comprehensive two wheeler cover is an insurance policy that apart from covering for the third person also covers for the damage caused to the rider whether to the vehicle or in form of any injury. It shields bike from the incident of fire, any kind of natural calamity and theft as well. Thus, this is a more detailed policy which apart from covering for the third person also covers for damages to your vehicle and thus could be helpful in the long run.

Comprehensive Two Wheeler Insurance vs Third Party Two Wheeler Insurance