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Frequently Asked Questions About Bike Insurance in India

Published On Mar 01, 2021 10:00 AM By InsuranceDekho

Bike Insurance ensures that one’s two-wheeler is always protected against damages due to circumstances that may arise and are beyond one’s control; for instance, damages due to fire, terrorism, traffic, robbery and theft, riots, amongst others.

According to the Indian Motor Tariff, only third-party bike insurance is mandatory, and people like purchasing third-party cover to save on premium. But, it is essential to understand that having inadequate insurance cover is the same as having no insurance at all. Thus, it is vital to compare online bike insurance and purchase a Bike Insurance in India that meets your necessities in the best way.

Frequently Asked Questions About Bike Insurance in India

Frequently Asked Bike Insurance Questions

Q1. Is it necessary to insure my bike?

As per the Motor Vehicles Act, the Indian Government has made it essential for each bike owner to have at least a third party insurance policy. Having an insurance policy guarantees that they avoid the load of unanticipated expenses in case of a theft or an accident of the vehicle.

Q2. How to renew bike insurance?

Renewing bike insurance is simple these days. You will get a notification in advance regarding your policy expiration date. You can renew your insurance online by visiting the website of the insurer. If you want to renew it offline, you can visit a branch or get in touch with the customer care team.

Q3. What documents do you need to make a claim?

This will differ from insurer to insurer, but, in general, the following documents are required to make a two-wheeler insurance claim:

  • RC copy of your two-wheeler
  • The claim form duly filled
  • Repair invoice and appropriate payment receipts
  • Original estimates of the loss

Q4. How is two-wheeler insurance premium calculated?

The premium amount usually varies from one policyholder to another. However, there are a few determining factors which assist in calculating the accurate premium for any given policy. The factors include the year of manufacture of the bike, the make and model of the bike, age of the owner, engine capacity, installation of anti-theft devices, voluntarily deductible and the geographic location.

Q5. How to find the bike insurance policy number?

You can find your bike insurance policy number on the Certificate of Insurance that you get while purchasing the policy. You also get regular correspondence from your insurer via letters, emails that have your bike policy number.

Q6. Can bike insurance be cancelled?

No, bike insurance policy cannot be cancelled until there is a genuine case and is intimated within a month from the date of purchase of the policy. Genuine cases may include when you finish up purchasing two policies for the bike or your bike was commercial and you bought private bike policy etc. But, there are no cancellation charges.

Also, Read

Two Wheeler Insurance Comparison - Importance, Steps and More

IRDAI Guidelines For Bike Insurance Policies In India


While making the final purchase, it is essential to read the policy wordings clear and have a good understanding of the policy coverage. Driving a two-wheeler is anyway riskier than driving a four-wheeler, hence it is crucial to invest in a good Bike Insurance Policy in India, as it also provides risk coverage toward any physical injury towards self, damage or loss of the vehicle and third-party liability.

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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