Two-Wheeler Insurance

As a legal requirement in many countries, including India, two-wheeler insurance is a crucial financial product that provides protection against various risks associated with owning and riding a motorcycle or scooter.

Types of Two-Wheeler Insurance Plans Available in India

Third-Party Liability Insurance

Legal Mandate: This is the most basic and legally mandatory type of insurance in India, as per the Motor Vehicles Act, 1988.
Coverage: Covers legal and financial liabilities if your vehicle causes injury, death, or property damage to a third party. It does not cover damages to your own two-wheeler.
Premium: The premium is fixed by the IRDAI (Insurance Regulatory and Development Authority of India) and depends on the vehicle’s engine cubic capacity.

Standalone Own Damage (OD) Insurance

Coverage: Covers damages to your own two-wheeler due to accidents, theft, fire, natural disasters, or man-made disasters.
Usage: Usually purchased by individuals who already hold a valid third-party liability policy and want additional protection for their own vehicle.

Comprehensive Insurance

Coverage: The most extensive policy combining third-party liability and own damage cover.
Benefits: Offers complete protection for your bike — covering damages, theft, and third-party liabilities. Also includes mandatory personal accident cover for the owner-driver.
Add-ons: Can be enhanced with optional add-on covers for greater financial protection.

Key Features and Inclusions

Third-Party Liabilities: Covers legal and financial responsibilities for injury, death, or property damage to a third party.
Personal Accident Cover: Provides financial compensation to the owner-driver in case of accidental death or disability.
Own Damage Protection: Covers losses due to:
- Accidents and collisions
- Theft
- Natural disasters (floods, earthquakes, cyclones)
- Man-made disasters (riots, strikes, vandalism, terrorism)
- Fire, explosion, and self-ignition
No Claim Bonus (NCB): A discount on premium for each claim-free year, up to a maximum of 50%.
Cashless Claim Settlement: Enables repairs at network garages without upfront payment, as the insurer settles bills directly.
Insured Declared Value (IDV): The maximum amount payable in case of total loss (theft or irreparable damage). Determined by the vehicle’s market value and depreciation.

Benefits of an Bike Insurance

Important Add-on Covers

Zero Depreciation (Zero-Dep) Cover: Also called “Bumper-to-Bumper” cover, it ensures full reimbursement for replaced parts without depreciation deductions.
Return to Invoice (RTI) Cover: In the event of total loss or theft, reimburses the original on-road price (including taxes and registration).
Roadside Assistance (RSA): Provides towing, flat tire repair, battery jump-start, and emergency fuel delivery in case of a breakdown.
Consumables Cover: Covers consumable items (engine oil, nuts, bolts, screws, etc.) not included in standard coverage.
Engine and Gearbox Protection: Covers damage to the engine and gearbox, especially from water ingress during floods.

What is Not Covered by Insurance?

Riding without a valid license or an active policy.
Riding under the influence of alcohol or drugs.
Mechanical or electrical breakdowns due to wear and tear.
Damages outside the geographical coverage area.
Deliberate damage or illegal use, such as racing or other unauthorized activities.
Consumable costs, unless specifically covered under an add-on policy.

Premium Calculation Factors

Make, model, and age of the two-wheeler
Engine capacity (cc)
Location of registration
Type of coverage (third-party vs. comprehensive)
Age and driving history of the rider
Add-ons selected
No Claim Bonus (NCB) discount

Policy Renewal

Renew before expiry to avoid inspection, penalties, or loss of NCB.
You can switch insurers during renewal.
Long-term policies (2 or 3 years) are available for added convenience.

Protect Your Two-Wheeler with the Right Motor Policy Plan Today

With Bimavale.com, you don’t just buy a policy — you gain a trusted partner in your insurance journey. We help you choose the right two-wheeler insurance, offer unbiased guidance, and ensure hassle-free claim support for complete peace of mind.

MP Insurance Broking India Pvt. Ltd

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