Two Wheeler Insurance

Two Wheeler Insurance
In 2020, two wheelers sales in India reached an all time high recording the purchase of approximately 18 million units. With millions of two wheelers traversing on busy and bustling Indian roads, accidents are bound to happen. This is understandably why the government has made Third Party mandatory for two wheeler owners to have a bike or two wheeler insurance at the point of purchase.

Bike or two wheeler insurance policy provides you with financial protection, much like what a helmet offers to your physical well-being. The two wheeler insurance offers you with financial coverage from the financial losses suffered as a result of accidents, natural disasters, theft or any serious incidents.

Additionally, the bike insurance secures you against incurring financial losses arising due to injuries or damages suffered by a third party as a result of your two wheeler. By helping reduce the financial burden, the two wheeler insurance is your dependable companion on your journeys, protecting an asset that is precious to you.


Why Buy Two Wheeler Insurance Online?
Two wheeler insurance policy is your security blanket against any injuries or damages incurred to you or to a third party that involves your bike or motorcycle as a result of an accident, natural disaster or even theft. Even though there are several ways to buy your two wheeler insurance, the most convenient route is to do it online.

Here are the reasons why:
Compare Policies Online: Check a wide range of two wheeler policies online, compare prices and features and calculate yearly premiums.
Quick, Easy and Convenient Issuance of Policy: Your bike insurance policy can be generated online by sharing basic details such as your name, address, date of birth, two wheeler model and its registration number.
No Additional Charges: Pay via several payment options for the policy that you purchase. There are no hidden costs, fees or agent commission involved in the online transaction.
Information on Previous Two Wheeler Policy Not Required: When purchasing your two wheeler policy online, there is no need to share previous policy details if it has expired for over 90 days.
No Documentation or Inspection Needed: Buying your bike insurance online does not require you to go through a vehicle inspection or to upload any documents.
Easy Renewal of Expired Policy: You can conveniently renew your expired two wheeler policy online and the policy document is instantly sent to your registered email account.

What Are The Types Of Two Wheeler Insurance Plans That We Offer?
The Motor Vehicles Act of 1988 governs all two wheeler insurance policies issued in India. The IRDAI or the Insurance Regulatory Development Authority of India is the authoritative body that regulates all general insurance companies that operate within the borders of the country.



As per the Supreme Court of India directive effective 1st September 2018, all general insurance companies are mandated to issue a minimum of a five-year third party (TP) insurance for all new two wheelers purchased post this date. Motorcycles and bikes running on Indian roads without TP insurance will be subject to hefty fines and penalties.



Insurance for two-wheelers can be categorized into two types:


Comprehensive Two Wheeler Insurance
If you are looking for 360 degree coverage, then you should opt for a comprehensive insurance policy that provides security not just for your two wheeler but also the owner. Comprehensive insurance policies automatically cover all third party liabilities as well as own damage, injuries and or theft too. Incidents under own damage can be natural calamities, burglary, theft, riots or terrorist activity or damage caused during travel. The policyholder has the option to add more riders such as Roadside Assistance Cover, Depreciation or Cover to make the policy coverage stronger.

Note: Both the third-party liability and comprehensive cover plans also include the compulsory personal accident cover for owner-driver with a premium of particular amount, for which the owner-driver is liable to receive a sum assured amount of Rs. 15 lacs in case of:

TYPE OF INJURY COMPENSATION LEVEL
Death 100%
Loss of two limbs or sight of two eyes or one limb and sight of one eye. 100%
Loss of one limb or sight of one eye 50%
Permanent total disablement from injuries other than named above. 100%
Comprehensive Two Wheeler Insurance

Third-Party Liability Coverage
The third party insurance is the minimum coverage that every two wheeler owner must possess as mandated by the law of the land. It derives its name from that fact that this basic bike insurance policy only benefits not the insured, but any third party who may have been injured, suffered damages or even disability or death as a result of an accident, natural disaster or theft involving the insured's two wheeler. The third party insurance also covers the insured against all legal and financial liabilities caused by the insured vehicle to the property of the third-party.

Standalone Own Damage Cover
The Standalone Own Damage cover includes financial losses or damages caused to your two wheeler during a collision or an accident. The Standalone Own Damage cover is your one stop shop for damage control if your two wheeler has suffered damages as a result of a natural calamity such as floods, etc. Under the circumstances that your two wheeler gets stolen, the Standalone Own Damage Coverage will help you seek compensation for the same. Own Damage Cover was previously a bundled offering with Third Party Liability coverage. However, effective 1st September 2019, this is no longer the case anymore.

This type of insurance does not cover you against:

Depreciation
Electrical and mechanical breakdown
Any damages arising when the driver is under the influence of alcohol/ drugs, is underage, or does not have a legal driving license
Like with comprehensive insurance, you can also get add-ons with standalone own damage insurance to customize the cover as per your particular requirements. All the add-ons available with comprehensive cover are available with own damage cover as well.


Two Wheeler Policy's Coverage
The Motor Vehicles Act of 1988 has made it compulsory for all two wheelers that are actively operational on Indian roads to have TP bike insurance. You can opt for the basic third party liability coverage which secures you against third party liabilities such as damage to individuals or property in the event of an accident. It also offers coverage against third party fatalities. This works out well for anyone who is looking for something economical.


Alternatively, you can select a comprehensive insurance cover that offers coverage for damage, injuries or loss of life of any third party involved. Additionally, it also includes personal accident protection too.
Comparison Between Inclusions of Third Party, Comprehensive.

Third Party

Comprehensive

Coverage

With limited coverage against losses or damages incurred by the third party.

Offering extensive coverage including third party liability coverage and protects the insured from theft, loss and damage.

Repair of Plastic Parts

Not Applicable

50% depreciation is considered for such parts

Age of the covered car

Not Applicable

The depreciation of your car is considered at the time of claim settlement

Exclusions in Two Wheeler Insurance Coverage
Not everything is covered under the two wheeler insurance coverage. You will not be able to file a compensation claim with your insurance company under the following circumstances:

If your two wheeler experiences wear and tear
In the instance of an electrical or mechanical breakdown
If the damage to the two wheeler has been the result of intoxicated driving
If the driver has been driving the two wheeler without the necessary driving licence
If there is a consequential loss
If the loss to the two wheeler has been caused outside the geographical boundaries of the country
Add-Ons with Your Two Wheeler Insurance
Bike Insurance Depreciation Cover
Depreciation Cover
A Depreciation Cover deducts no value from the claim.

Roadside Assistance
If you are stranded with your two-wheeler, simply call Roadside Assistance to get immediate help with this add-on cover.

Engine & Gear Box Protection Cover
The repair or replacement cost of the engine is covered under this add-on by the insurance company.

Invoice Price Cover
The policyholder can get the original on-road cost of the vehicle in case of total damage with this add-on cover.
View more
Benefits of Buying Two-Wheeler Insurance Policy Online
Bike Insurance Depreciation Cover
Minimal Paperwork Needed
There is minimal documentation involved for two wheeler insurance policies that are purchased online. The process requires very few steps and the payment can be made through a secure online channel. Instead of spending a lot of time visiting insurance companies to buy a policy, purchasing it online is convenient and only takes a few minutes.
Bike Personal Accident Cover
Compare Quotes and Policies:
Before you purchase your two wheeler insurance online, you can visit your insurance provider's website to check out all the bike insurance plans that are currently available. Additionally, you can log on to third party aggregator platforms to compare policies and quotes from various different insurance providers online. By being aware of the merits and demerits of the policies, you know exactly which one to purchase that fits in your budget, requirements and expectations.

Get the Best Price
Online has a lot of competition which means that you get the best price for your two wheeler insurance by purchasing it online. Additionally, the online process does not involve agent commissions or processing fees the benefits of which are directly passed on to the end consumer.

Convenient Renewals
When you purchase your two wheeler policy online, you can continue to renew them online too. The payment can be processed using online channels. Additionally, if your policy document needs any amendments, the same can be done by simply emailing your insurance provider. Post the changes, the updated policy document is mailed to your registered email id.
View more
Understanding Features of Bike Insurance



Damage/losses to own vehicle due to an accident
any losses or damages that you may suffer due to an accident caused while driving are covered in two wheeler insurance policy.


Theft and Burglary
According to a report, almost 75% of vehicles that are stolen in India are two wheelers. If you have a two wheeler insurance policy, then you would have some respite since your losses due to theft would be covered.


Natural Disasters
Natural calamities like earthquakes, cyclones, floods can literally destroy your bike. Any damage caused to your bike/scooter due to such natural disasters is covered under Bharti AXA Bike Insurance Policy.


Man-Made Disaster
Any loss occurred due to accidental fire, riots, strike, etc., is covered under your bike insurance policy.


Third-Party Losses
Did you end up hurting or damaging a person or property while riding your bike? Fear not, the losses that you may have to pay for are covered by the third party liability insurance plan.


Personal Accident Cover ( if Opted)
If there is a bike accident and it leads to several injuries or unfortunate death/ disability. Personal Accident Cover add on will be your savior from the loss.

Comprehensive Two Wheeler Insurance vs Third Party Two Wheeler Insurance
Comprehensive Two Wheeler Insurance Third Party Two Wheeler Insurance
General Definitions A combination of third party and own damage cover provides you with extensive 360 protection A basic, mandatory policy that only provides coverage to damages caused to third-party
Theft of Car Extensive coverage where your two wheeler is protected against losses and damages. Coverage is given in the form monetary support for damages incurred as a result of another individual, vehicle or property Limited coverage offered against damages and losses towards the third-party
Coverage Exclusions
Damage caused due to:
Normal Wear and Tear
Mechanical or electrical Breakdown
Damage caused when:
Riding without a valid license
Riding under the influence of drugs or alcohol
The policy is not active
Damage caused to own vehicle

Damage caused when:
Riding without a valid license
Riding under the influence of drugs or alcohol
The policy is not active
Add-ons You may opt for:
Inclusive Personal Accident Cover
Depreciation Add-on
Invoice Price Cover
Only includes Personal Accident Cover
Premium Premiums are high in comparison to third party insurance Premiums are more affordable with IRDAI fixing the rates of third party two wheeler insurance policies
Which Is Better? Recommended if your two wheeler requires complete coverage and make it stronger with more add-ons This is mandatory as per the Motor Vehicles Act, 1988 and is the minimum coverage that all active two wheelers must have in India


Factors Affecting the Premium of Bike Insurance


Two wheeler insurance is a must have for all bikes and motorcycles that are being driven on India roads. While the Government had made third party liability insurance mandatory for all two wheeler owners, many choose to go with the more expensive comprehensive two insurance policies too.

So, be it a third party coverage or a comprehensive insurance cover, what are the factors that determine the premium prices of these two wheeler insurance policies? Let's take a look.

Factors Affecting the Premium of Bike Insurance

Type of Insurance Policy: The third party liability coverage is a basic policy that has been mandatory by the Government of India for all two wheelers to possess. This type of policy only offers coverage against third party liabilities and is more pocket friendly. Comprehensive policies include third party liabilities along with own damage cover and offer more extensive protection. The premiums are higher and can vary depending on other subsidiary factors.

Two Wheeler Type: Bikes are available in a variety of models, makes, and comes with a host of different features and specifications. The cost of insurance varies depending on all of these sub-factors such as the age of the vehicle, type of bike model and class of the vehicle, place of registration, fuel type, and the number of miles covered also affect the premium price. However, the cubic capacity of the bike's engine is the main factor in determining the insurance premium. Those two wheelers with a higher cubic capacity will attract a higher premium.

Value of The Vehicle: The cost of insurance also depends on the brand and the functionalities that are offered. For example, the premium of a Honda two wheeler will be much less than that of a luxury brand like Ducati. Typically, the premium cost is around 2% to 3% of the current market value of the two wheeler.

Modifications Done: Bikes that have been modified from their original model and make with the addition of accessories to enhance its aesthetic and performance will incur a higher premium on the two wheeler insurance. As a matter of fact, one may need to purchase add-on covers to protect specific modifications. Standard motorcycles minus any modifications will attract a lower premium in comparison.

Add-on Covers: Opting for add-on covers like Depreciation cover, , medical expenses reimbursement and Hospital cash cover increases the premium of your two wheeler insurance. The higher the number of add-ons, the higher will be the premium. Therefore, only choose ones that are absolutely necessary to avoid paying high premiums.

How to Save on Bike Insurance Premium?

The purchase of bike insurance policies is on the rise as two wheelers are the most popular mode of transport in India. The premium amount fixed by the insurance company depends on a number of factors such as design, mileage, and price, etc. However, if you are still looking for ways to save on your two wheeler insurance premiums, here's how it can be done:

Have a Clean Driving Record: A good driving record highlights to the insurance company that you are not a risky prospect. With an accident-free, penalty-free and conviction-free track record, the insurance company will be inclined to offer you a lower premium compared to drivers who do not have a clean driving history.

Opt for Higher Deductibles: By increasing the amount that you pay towards your deductibles, you can significantly minimise your bike insurance premium.

Avail Add-ons: Opting for add-ons or riders such as Roadside Assistance, Depreciation Cover can help lower the cost of your two wheeler insurance policy.

Installation of Security Device: Installing security enhancement devices such as an anti-theft alarm improves the protective cover of the two wheeler. This may help you negotiate a lower bike premium rate with your insurance provider.

Shop Around: It makes sense to compare two wheeler insurance plans, features, benefits and quotes from the top insurance companies. You can zero in on the best deal that fulfils your requirements within the premium that you can afford.

How to Buy Two-wheeler Insurance Online?

If you are looking to purchase a new two wheeler insurance policy or looking to renew your existing plan, doing it online only takes a matter of minutes. Simply follow these steps.

Visit Your Insurance Company's Website: Log onto the website of your existing insurance provider or alternatively, visit third party comparison sites.

Fill Your Two Wheeler Details: Submit all the required information about your two wheeler such as the model, make, registration number, etc. to receive instant quotes of top two wheeler insurance policies.

Compare Online Two Wheeler Insurance Plans: Your insurance provider will share all available plans that you can compare to get the best policy in your budget. On third party sites, you will be able to compare policies and quotes from the best insurance companies and select the ones that fit in with your expectations and deliverables.

Plan Selection: Simply select the plan that you like depending on your requirements and budget. Fill in any additional information, if required.

Make Payment Online: Make your premium payment online in a hassle-free manner and your two wheeler policy will be emailed to your registered id within minutes.

Access To Support: If you need additional assistance about your two wheeler online policy, you can access the guidance of support teams available 24/7.

Source

How to Renew Two-wheeler Insurance Policy?

It is understandable that two wheelers are the most convenient form of transportation for the general population in India as they are easy to manoeuvre on busy Indian roads. But with millions of two wheelers, accidents are a common sight on Indian roads.

As mandated by the law of the land, it is compulsory to purchase TP two wheeler insurance for any bike or motorcycle that runs on roads within the boundaries of the country. So if your policy is on the verge of expiration, here's the steps that you can follow to renew it.

1. Log on to the website of your insurance provider. Alternatively, you can fill up information on your requirement on third party aggregator sites to get quotes from top bike insurance providers in India.

2. Compare plans, features and quotes and shortlist policies that meet and serve your requirements for two wheeler insurance.

3. Fill up the required details such as name, two wheeler model, registration number, previous policy information, etc. for the policy that you wish to purchase.

4. Make the payment via NEFT, net banking, credit or debit cards, or eWallet.

5. Your policy will be mailed to your registered email account instantly.

How to Buy Two-wheeler Insurance Online?

If you are looking to purchase a new two wheeler insurance policy or looking to renew your existing plan, doing it online only takes a matter of minutes. Simply follow these steps.

Visit Your Insurance Company's Website: Log onto the website of your existing insurance provider or alternatively, visit third party comparison sites.

Fill Your Two Wheeler Details: Submit all the required information about your two wheeler such as the model, make, registration number, etc. to receive instant quotes of top two wheeler insurance policies.

Compare Online Two Wheeler Insurance Plans: Your insurance provider will share all available plans that you can compare to get the best policy in your budget. On third party sites, you will be able to compare policies and quotes from the best insurance companies and select the ones that fit in with your expectations and deliverables.

Plan Selection: Simply select the plan that you like depending on your requirements and budget. Fill in any additional information, if required.

Make Payment Online: Make your premium payment online in a hassle-free manner and your two wheeler policy will be emailed to your registered id within minutes.

Access To Support: If you need additional assistance about your two wheeler online policy, you can access the guidance of support teams available 24/7.

How to File a Two-Wheeler Insurance Claim?

With millions of two wheelers running on busy Indian roads, accidents are widespread in India that can lead to significant financial losses and damages. Understandably why the Government of India has made it mandatory for all two wheeler owners to have TP insurance.

Steps to Filing a Two Wheeler Insurance Claim

Get in Touch With Your Two Wheeler Insurance Company: To register your claim, contact your two wheeler insurance service provider.

Lodge an FIR: In the event of an accident or if your two wheeler has been stolen, you are required to lodge an FIR at the nearest police station from the scene of the crime or accident.

Evaluate the Damage: A professional at the authorized garage should assess the damage suffered by your two wheeler.

Claim Settlement Routes

There are two ways of getting the insurance claim settled Cashless facility or Reimbursement Claim.

Cashless Claim

If the policyholder takes the two wheeler to an authorized service center as approved by the insurance company for repair work to be done as a result of damages suffered due to accident or theft, the policyholder is able to avail the Cashless Claim benefit. This means that there is no need for the insured to bear any out of pocket expenses and the bill of the repairs is sent by the garage directly to the insurance company.

Reimbursement Claim

If the insured does not have access to an authorized service center then the repairs for the two wheeler can be carried out at any garage. However, the damage will have to be evaluated by a professional and a report is presented to the insurance company for them to process the policyholder's claim. As the insured bears the garage expenses as out of pocket which the insurance company then reimburses, the process is called the Reimbursement Claim Process.

Documents Required for filling a Claim for your Two Wheeler

With bikes being the preferred mode of transportation for the general public in India, the cases of two wheeler accidents and thefts are also on the rise. Having said that, armed with the right two wheeler insurance, you can raise a claim to be adequately compensated for the losses and damages incurred.

List Of The Documents Required To File A Claim For Your Two Wheeler

In Case Of An Accident:

The claim form, duly filled and signed
Copy of the insurance policy
Copy of Registration Certificate (RC)
Copy of Driving License (DL)
Copy of First Information Report (FIR)
Original tax receipts for verification
An estimate of the vehicle repair cost
Payment receipts and bills, once the repair has been completed
Claims Discharge cum Satisfaction Voucher signed across a revenue stamp if the claim amount is to be given directly to the repairer
In Case Of Theft:

The original insurance policy document
Original Registration Certificate (RC)
Tax payment receipt
The theft declaration authenticated from the concerned RTO or Regional Transport Office
Policyholder's name, policy number, policy term, etc. and any other information required from the previous insurance plan
Warranty cards, duplicate keys, and any other additional informative accessories
First Information Report (FIR)
Judicial Magistrate First Class (JMFC)
Final police report
Official intimation letter to the RTO informing about theft and the discontinued use of the two wheeler
Claim Discharge Voucher with a signature across a revenue stamp
The letter of subrogation
Forms 28, 29, 30 signed by the policyholder along with Form 35
What is NCB in Bike Insurance?

When you purchase your two wheeler insurance, you are put on a yearly clock by your insurance service provider. For driving your bike safely and for not raising any claims, the insurance company awards you with a discount known as the No Claim Bonus or the NCB that is applicable on your two wheeler or bike insurance policy.

The No Claim Bonus starts at the onset of the second year if you have not filed any claims in the previous 365 days. Your insurance service provider will reward with a 20% No Claim Bonus. The 20% discount can be applied to the bike insurance premium for the third year at the time of policy renewal.

You can get NCB on bike insurance consecutively for up to 5 years of continuing with the same policy. The rate of discount proportionately increases to up to 50% during this period of time.

Benefits of NCB in Two-Wheeler Insurance

NCB is Transferable: If you decide to change insurance providers, remember that the NCB is yours and is a reward for driving safely, plus, not registering any claims. Therefore, the NCB can be easily transferred to your new service provider where you can avail the same benefits at the time of renewal.

Rewarding in Nature: It gives a positive feeling to be recognized and awarded by your life insurance provider for driving safely and not raising a claiming during the active policy period. This also acts as an encouragement to keep driving consciously, following all traffic rules and regulations.

What is IDV in Bike Insurance?

IDV or Insured Declared Value is an automatic inclusion with your bike insurance policy. Simply put, the sum assured which has been pledged by your insurance company at the point of filing a claim is an IDV. The claim amount being offered by the insurance provider is dependent on the market value of the two wheeler.

Instances when you can be claimed IDV is when your bike has been damaged in an accident. The insured receives the sum assured as predefined in the policy by the insurance company.

The IDV is calculated based on the selling price of the two wheeler as determined by the manufacturer. Depreciation value is also a determining factor which you will be able to know more about at the time of renewing your two wheeler insurance. The price is calculated by adjusting the depreciation value of the bike along with the original cost. Any extra insurance expenses and registration is however excluded in this calculation.

IDV calculation is absolutely necessary in order to assess the insurance status of the two wheeler. There are four main parameters that constitute the calculation of the IDV that you should be aware of as a policyholder.

The selling price of the manufacturer
Depreciation and the adjustment value of the two-wheeler
This does not include the insurance and the registration expenses
There are accessories fitted outside the factory area
The quality of the vehicle along with its respective parts
What is Depreciation in Bike Insurance?

Your two wheeler depreciates in value over a specified period of time due to multiple factors such as the ageing of the bike or motorcycle, wear and tear, etc. Therefore, when the policyholder raises a claim, the insurance company only pays the reduced compensation or the depreciated value to the insured.

To get extra protection to your two wheeler, you need a Zero Depreciation Add-on cover that can be purchased along with a third party liability coverage or even a comprehensive two wheeler insurance policy. In the event of filing a claim, the insurance company does not take the depreciated value of your two wheeler into account and settles the claim on the invoiced value instead.

Inclusions of A Depreciation Cover

You can apply the Depreciation Cover at the time of renewal or when buying a new two insurance policy
Includes all rubber, nylon and plastic parts and also on all fiberglass components in the coverage
You can get the full value of your two wheeler as part of the claim amount where standard depreciation rates for two wheelers vary between 0% to 40%.
Exclusions of A Depreciation Cover

Depreciation Cover Damages as a result of normal wear and tear and also due to uninsured peril is not covered
Damages caused as a result of mechanical breakdown or uninsured items such as bi-fuel kit, tyres and gas kits are excluded from the zero depreciation policy
Why is a Two Wheeler Insurance Mandatory in India?

According to the Motor Vehicle Act, 1998, all active and operational two wheelers in India are required to have at least the basic third party liability coverage at the time of purchasing the bike. This has been made mandatory by the Government of India for the following reasons:

Legal Liabilities: Having a basic third party liabilities insurance protects the driver of the two wheeler from legal liabilities that may arise out of a road accident where a third party individual/s or property/ies or both may have suffered damages and losses. The insurance company takes care of these liabilities on behalf of the insured.

Personal Accident Cover: A third party insurance cover comes with a Personal Accident Coverage that secures the two wheeler owner if he or she experiences permanent disability or death due to a bike accident. However, this is bound by specific terms and conditions.

Financial Expenses: Road accidents, theft of your two wheeler or damages caused due to man-made or natural calamities may lead to heavy financial losses. With two wheeler insurance, many of these financial expenses are taken care of by the insurance company.

Promotes Safe Driving: Even though you may be a cautious and safe driver, a two wheeler insurance is your security blanket because accidents do not happen with prior warning.

Buy Or Renew Second-hand Bike Insurance Online

India has a robust market for second-hand bikes. Irrespective of the status of the two wheeler, the owner of the bike will still have to invest in a two wheeler insurance as mandated by the law of the land. The most convenient way to buy or renew insurance for your second-hand two wheeler is to do it online. Simply follow the steps given below.

Buying A Second-hand Bike Insurance Online

Log onto the website of your preferred insurance provider.
Submit a scanned copy bike documents such as the registration certificate and your ID proof or you can enter the bike registration number, owner details and get a bike insurance quote
The insurance company on receipt of this information sends a surveyor to carry out an inspection of the two wheeler
Simply pay the premium online once the above steps have been completed.
The new policy will be mailed to your registered email id.
Renewing A Second-hand Bike Insurance Online

Visit your insurance provider's website
Go to the policy renewal section
Simply fill in your policy number to extract your existing policy details
Click on the renew bike insurance to initiate the renewal process prior to the expiry date of your current policy
Pay the premium online
The renewed policy will be emailed to you instantly
Buy Or Renew Old Bike Insurance Policy in India

It is mandatory to renew your old bike insurance policy in India if your two wheeler is still being actively driven around. Alternatively, you can also purchase a new policy from a new insurance service provider for your old bike.

There are two ways of renewing your insurance plan or buying a new one for your two wheeler online and offline.

Let's explore both the routes.

Online Renewal of Two Wheeler Insurance Policy

Visit the website of your insurance provider and go to the Renewal section
Fill in your policy number to check information on the existing plan
Click on renew if you are happy with the same policy
Pay the premium online
Online Buying of Two Wheeler Insurance Policy

Visit the website of your preferred insurance provider or check out the best two wheeler insurance policies on third party aggregator sites
Compare plans, features and quotes by filling in some basic information about yourself and your two wheeler
You may have to submit a scanned copy bike documents such as the registration certificate and your ID proof or you can enter the bike registration number, owner details and get a bike insurance quote
To change providers, there will be an inspection of your old bike by a designated surveyor of your shortlisted insurance company
Simply pay the premium online once the above steps have been completed.
The new policy will be mailed to your registered email id
Alternatively, you may physically visit the office of your preferred insurance provider to either buy or renew your old bike insurance policy in India.

Buy Or Renew Expired Two-Wheeler Insurance Policy

It is against the law to drive your two wheeler in India with an expired insurance policy. Offenders may be subjected to heavy fines and penalties by traffic authorities. Even if your policy has lapsed or expired, you can still renew or buy a new plan online. Just follow these steps as given below.

Buying a Two Wheeler Policy

You have the option of purchasing a new two wheeler insurance policy from a new insurance provider once your existing one has expired. This can be done by:

Visiting the office of your preferred insurance provider
Fill up an application form
Submit the required documentation
Get an inspection done of your two wheeler by an insurance company appointed surveyor
Pay the premium and get the policy document emailed to your instantly
Alternatively, you can carry out this entire process online.

Visit the website of your preferred insurance provider
Submit a scanned copy bike documents such as the registration certificate and your ID proof or you can enter the bike registration number, owner details
Check out the policies, compare quotes
Arrange an inspection done of your two wheeler by a surveyor appointed by the insurance company
Pay the premium online
The policy will be mailed to your registered email id
Renewing an Expired Two Wheeler Policy

Visit the website of your current insurance provider
Check out the premium quotes before you renew your expired two wheeler insurance
Select the type of policy you want
Select the right add-ons for your two-wheeler
Make the payment
Get a digital policy in the form of a PDF sent to your email id
Your expired insurance policy will be immediately be activated
Why Choose Bharti AXA Insurance?
Instant Policy Online
Our instant and simple policy issuance process makes buying bike insurance online, a breeze.

Consumable Cover for Two Wheeler
Wide Range Of Add On Covers
You can customize your bike insurance coverage based on your specific requirements through add-on covers.


94.06% Claim Settlement Ratio (Motor)
We understand that you're already stressed when the need for filing a bike insurance arises. Therefore, we have established a smooth and fast process for settling claims. Claim settlement ratio is one metric that you can look at to check the claim settlement experience of any insurer's customers.

Cashless Garages in India
5200+ Cashless Garages
Bike repairs can get financially stressful with hefty bills to pay. Moreover, it's also emotionally taxing. We agree. Just seek any of our cashless network garages that is nearest to you. We'll directly settle the bills with the garages. Life's simpler, isn't it?


24/7 claim assistance
With bike insurance policy offered by Bharti AXA, you can be assured of assistance anytime of the day. You can contact us using the toll-free numbers for claims & your queries for renewal and new policies.

Two Wheeler Frequently Asked Questions

All
Claims
Cover
General
Policy
Premium
Renew
What is a No Claim Bonus (NCB) in Long Term Two-Wheeler Policy?
Long-term policy for old bike is for a period of one year, whereas for a new car the owner has to mandatory buy 3 years compulsory TP with an option of 1 year OD or a 3 years OD This policy covers the damages that your vehicle has incurred because of some accident.
You may wonder what is NCB? Well, NCB or No Claim Bonus in Bike Insurance is the additional benefit that the insurer gets in case he does not make any claim. NCB in two wheeler insurance policy gets reduced, but it does not become nil after one claim whereas in other policies No Claim Bonus becomes nil after the first claim. The slab for No Claim Bonus differs from other short-term policies. There are some insurance providers who offer the same NCB discount to their first-time customer as they have earned at the previous policy company.


When my vehicle is expected to get surveyed? Whom to submit the two wheeler insurance claim documents?
What shall I do after two wheeler Insurance claim intimation?
Where do I get the two wheeler insurance claim form and detail list of cashless garages of Bharti AXA?
What are the details need to be kept handy while registering the two wheeler insurance claim?
When shall I register the two wheeler insurance claim?