বাইকের ইনস্যুরেন্স

বাইক ইনস্যুরেন্স কী?

Two-wheelers are a lifeline for daily travel in India, but they also come with risks such as accidents, theft and even damage from natural disasters. Bike insurance is designed to protect you from the financial strain of such events, making it an essential part of responsible riding.

Bike insurance, also called two-wheeler insurance, provides financial cover for your vehicle against accidents, fire, theft, and natural or man-made disasters. It includes the legally mandated third-party liability cover, which takes care of costs if your bike causes injury, death, or damage to another person’s vehicle or property.

While third-party insurance is compulsory under the Motor Vehicles Act, 1988, many riders opt for comprehensive plans. These also extend protection to the insured bike, ensuring wider financial security and peace of mind on the road.

Key Features & Benefits of a Two-Wheeler Insurance Policy

Two-wheeler insurance is an essential requirement for every rider, not only because it is mandatory but also because it helps you stay prepared for unexpected situations. Earlier, purchasing an insurance policy for a bike meant dealing with paperwork and long queues, but now, with bike insurance online, the entire process is quick and convenient. Below are some of the main features and benefits of a two-wheeler insurance policy

আপনার বাইক ইনস্যুরেন্স পলিসি কেন প্রয়োজন?

When you choose a bike insurance policy, it’s not just about meeting legal requirements; it’s about protecting yourself, your two-wheeler, and others on the road.
Here are the key coverages you get with two-wheeler insurance online:

প্রাকৃতিক দুর্যোগের কভারেজ

Calamities like earthquakes, floods, and storms can strike without warning. Although these events are less frequent, your bike insurance online policy still provides coverage for damages caused by such natural disasters. If your bike is affected by any of these unforeseen events, you can file a claim and get compensation under your bike insurance policy. 

থার্ড-পার্টি কভারেজ

Third-party insurance, also known as ‘Act Only’ insurance, is mandatory for anyone purchasing two-wheeler insurance. Under this policy, the insurance company covers damages caused to a third party, while the insured bike owner is protected from any legal liabilities arising from such incidents.

ব্যক্তিগত কভারেজ

বাইকের জন্য ইনস্যুরেন্স পলিসি বাইকের মালিককে-ও কভার প্রদান করে এবং বাইক দুর্ঘটনার কারণে কোনও রকম আঘাতের ক্ষেত্রে ক্ষতিপূরণ প্রদান করে থাকে. ব্যক্তিটি সেই টাকা ব্যবহার করতে পারেন কিন্তু বাইক ইনস্যুরেন্স ক্লেমের পরিমাণ বিভিন্ন পরিস্থিতিতে ভিন্ন রকমের হতে পারে.

আইন অনুযায়ী বাধ্যতামূলক

The law is the primary authority and must be followed by all citizens. For driving a two-wheeler in India, having an insurance policy is mandatory. As per the Motor Vehicles Act, every vehicle owner is required to have at least third-party two-wheeler insurance coverage.

 আর্থিক কভার

যে কোনও দুর্ঘটনাই মানুষের জীবন এবং গাড়িকে চরম ক্ষতিগ্রস্ত করে তুলতে পারে. বাইক ইনস্যুরেন্স পলিসি সহ আর্থিক কভারেজ হল পলিসিহোল্ডারদের জন্য একটি সুরক্ষা কবচ. এর ফলে, কোনও দুর্ঘটনায় আপনার গাড়ির কোনওরকম ক্ষতি হলে আপনাকে আর্থিকভাবে নিঃস্ব হতে হবে না.

মানব-নির্মিত দুর্যোগ থেকে কভারেজ

Man-made disasters like theft, robbery, riots, strikes, terrorist activity, and damage in transit by road, rail, lift, or elevator are also covered when you buy a two wheeler insurance.

এগুলি হল টু হুইলার ইনস্যুরেন্স অনলাইন পলিসির অধীনে কভার করা সবচেয়ে সাধারণ বিষয়. তারা আপনার জন্য এটিকে সহজতর করে তোলার জন্য প্রায় প্রতিটি প্রধান বিষয়কে কভার করেছে.

Add-On Covers for Bajaj Allianz General Insurance Company Bike Insurance

When you buy a bike insurance policy from Bajaj Allianz General Insurance Company, you can enhance it further with add-on covers. These are optional benefits available at a small extra cost, but provide wider protection for your two wheeler insurance. Depending on your vehicle riding needs, you can select the add-ons that best suit you.

জিরো ডেপ্রিসিয়েশন কভার

Normally, when you raise a claim, depreciation on bike parts reduces your payout. With zero depreciation cover, you receive the full claim amount without any deduction for depreciation. This is one of the most preferred add-ons under bike insurance online, especially for new bikes.

এনসিবি প্রোটেক্ট কভার

With every claim-free year, you earn a No Claim Bonus (NCB) that lowers your renewal premium. However, even a single claim can take away this benefit. The NCB Protect add-on ensures your discount remains intact even if you file a claim under your two wheeler insurance policy.

24x7 রোডসাইড অ্যাসিস্টেন্স

Breakdowns can happen anytime, anywhere. This add-on provides immediate assistance if your bike or scooter stops mid-journey. Whether it’s towing, jump-starting, fuel delivery, or fixing a flat tyre, the roadside assistance cover ensures you’re never stranded.

ইঞ্জিনের সুরক্ষা

Standard bike insurance policies typically do not cover internal engine damage. With this add-on, you receive protection against issues such as water ingress, gearbox failure, and lubricant leakage. It’s a valuable option, especially for riders in flood-prone areas or those with high-end bikes.

কনজিউমেবল কভার

During repairs, small but essential items such as nuts, bolts, engine oil, and coolants are generally not included in the claim. The consumables cover takes care of these costs, saving you from unexpected expenses when your bike is in the workshop.

পিলিয়ন রাইডারের জন্য পার্সোনাল অ্যাক্সিডেন্ট কভার

Your co-passenger’s safety matters just as much as yours. With this add-on, medical expenses for the pillion rider are covered if they get injured in an accident. It’s a brilliant addition to any insurance policy for bikes, especially if you often travel with a companion.

Which Vehicles are Covered under Two Wheeler Insurance?

Two wheeler insurance applies to a wide range of vehicles, not just regular motorcycles and scooters. Whether you own a budget moped, a premium superbike, or even an electric scooter, an insurance policy ensures financial protection against accidents, theft, and damage.

Basis of Arriving at Insured Declared Value (IDV) of the Insured Vehicle

List of products specified in the list above are governed by the Indian Motor Tariff.

The Insured’s Declared Value (IDV) of the vehicle will be deemed to be the ‘Sum Insured’ and it will be fixed at the commencement of each policy period for each insured vehicle.

The IDV of the vehicle (and accessories if any fitted to the vehicle) is to be fixed on the basis of the manufacturer’s listed selling price of the brand and model of the insured vehicle at the commencement of the Policy. The IDV shall change according to the depreciation grid below for each block of one year within the policy period.

THE SCHEDULE OF DEPRECIATION FOR FIXING IDV OF THE VEHICLE

● The IDV arrived as per the above method may be further adjusted on the basis of various factors such as location, make and model etc, with agreement of the Insured and as captured in the Policy Schedule.

● The age-wise depreciation schedule shown above is applicable only for Total Loss/Constructive Total Loss (TL/CTL)/Cash Loss claims.

● IDV of vehicles beyond 5 years of age and for obsolete models (i.e. models that manufacturers have discontinued) is to be determined on the basis of mutual agreement between the Insurer and the Insured.

● IDV shall be treated as the Market Value throughout the Policy Period without any further depreciation for the purpose of Total Loss (TL)/Constructive Total Loss (CTL)/Cash loss claims.

Basis of Arriving at TL (Total Loss)/CTL (Constructive Total Loss) of the Insured Vehicle

● The insured vehicle shall be treated as a CTL if the aggregate cost of retrieval and/or repair of the vehicle exceeds 75% of the IDV of the vehicle, subject to terms and conditions of the policy.

● The liability of the Company shall not exceed the Insured's Declared Value (IDV) of the vehicle in the event of total loss/ constructive total loss/cash loss for the year in which loss has occurred. IDV as on date of loss shall be computed as specified under basis of arriving at Insured Declared Value (IDV)

● If a damaged motor vehicle is assessed as being unrepairable and hence a wreck i.e. a ‘total loss’ or ‘write-off’, You shall have the option to retain the wreck and accept a ‘cash loss’ settlement (being the IDV less the assessed value of Salvage based on competitive quotes procured by the Insurer including any submitted by or through the Policyholder).

মনে রাখবেন: For the purpose of computation TL (Total Loss)/CTL (Constructive Total Loss) of the Insured Vehicle aggregate cost of retrieval shall mean Company’s aggregate liability as per the terms and conditions of the policy.

How to Calculate Bike Insurance Premium?

Steps to calculate the bike insurance premium online, before buying or renewing a policy, are:

Step 1: Head on to our two wheeler insurance premium calculator.

ধাপ 2: মেনু থেকে, আপনার টু-হুইলারের মেক অ্যান্ড মডেল লিখুন.

ধাপ 3: গাড়ির লোকেশন এবং ইনস্যুরেন্স রেজিস্ট্রেশন নির্বাচন করুন.

ধাপ 4: আগের বছরের নো ক্লেম বোনাসের সাথে সম্পর্কিত তথ্য পূরণ করুন.

ধাপ 5: বিবরণ পূরণ করার পর, আপনি ইনস্যুরেন্স প্রিমিয়ামের সঠিক পরিমাণ জানতে পারবেন.

Factors Affecting Bike Insurance Premium

Several factors influence the cost of two-wheeler insurance, and understanding them can help you choose the right coverage and save on premiums.

Types of Coverage

The type of policy you choose, directly impacts the bike insurance premium. A third-party insurance for a bike is more affordable since it only covers third-party liabilities. In comparison, a two wheeler insurance package policy or comprehensive cover includes own-damage benefits, making its premium higher.

Make/Model and Variant

Your bike’s make, model, and variant influence the premium. A basic commuter’s bike usually has a lower premium, while hybrid and luxury bikes or superbikes attract higher costs because their repairs and replacement parts are expensive.

ইনসিওর্ড ডিক্লেয়ার্ড ভ্যালু (আইডিভি)

The IDV is your bike’s current market value and determines the maximum claim amount in case of theft or total loss. A higher IDV increases the two wheeler insurance premium, while a lower IDV reduces both premium and claim payout.

Age of the Two-Wheeler

The age of your bike also matters. New two wheelers have higher IDV and thus higher premiums. As the vehicle gets older, its market value goes down, leading to a lower two wheeler package policy premium.

নো ক্লেম বোনাস (এনসিবি)

The NCB is a reward for claim-free years. With each year you don’t file a claim, you earn discounts on renewal, which can go up to 50%. This directly reduces the long term two wheeler package policy premium over time.

Vehicle’s Location

Your riding location also affects the bike insurance premium. In metro cities, accident and theft risks are higher, so the premium is higher. In smaller towns or rural areas, lower risks translate into a more affordable third party insurance for bikes.

আপনার টু হুইলার ইনস্যুরেন্স প্রিমিয়াম কম করার টিপস

Buying maximum coverage bike insurance with a minimum premium is everyone's preference. Several elements are included in the bike insurance policy. Before buying or renewing a policy, one should have complete knowledge of all the components in a two wheeler insurance policy and how they affect you directly or indirectly, to help you choose wisely.

সঠিক আইডিভি সেট করুন

আইডিভি টু হুইলার ইনস্যুরেন্স পলিসির প্রিমিয়াম নির্ধারণ করতে সাহায্য করে. প্রিমিয়াম সেট করার আগে, ইনস্যুরেন্স প্রোভাইডার সংশ্লিষ্ট আইডিভি-এর সাথে গাড়ির মার্কেট ভ্যালু চেক করেন. যদি পূর্ববর্তীটি পরবর্তীটির চেয়ে কম হয়, তাহলে বাইক ইনস্যুরেন্স প্রিমিয়াম কম হবে.

উচ্চ ভলিন্টারি ডিডাক্টেবল বেছে নিন

If you choose to include deductibles in the package, the two wheeler insurance premium will be higher. In opposition, going for a high voluntary deductible will benefit the insurer, and they will respond with a lower premium amount

সেফটি ডিভাইস ইনস্টল করুন

কার্যকরী নিরাপত্তা ডিভাইস ইনস্টলেশন সহ একটি টু-হুইলার ছাড়যুক্ত প্রিমিয়াম পেতে পারে.

এনসিবি পাওয়ার জন্য ছোট ছোট ক্লেম করা এড়িয়ে চলুন

পূর্ববর্তী বছরগুলিতে ছোট ক্লেম ছেড়ে দিলে তা এনসিবি-তে যোগ হতে পারে, যা পরবর্তী বছরের জন্য টু হুইলার ইনস্যুরেন্স প্রিমিয়াম হ্রাস করবে.

বাজাজ অ্যালিয়ান্সে বাইক ইনস্যুরেন্সের জন্য প্রয়োজনীয় ডকুমেন্ট

Documentation records are the base of the bike insurance online.

List of documents needed are:

● Proof of Identity (Ration Card/Voter ID, Driving License/Passport)

● Registration certificate of the bike

● Old policy number for NCB, if have.

● Proof of address ( voter’s ID card/passport/Aadhaar)

Two Wheeler Insurance Price in India

The price of two-wheeler insurance in India is determined by the bike’s engine capacity (cc) and the duration of the policy. Below are the annual and 5-year third-party insurance premiums as per IRDAI-approved rates.

E-Bike Insurance Price in India

For electric two-wheelers, the Insurance Regulatory and Development Authority of India (IRDAI) calculates third-party insurance premiums based on the bike’s motor power in kilowatts (kW). Below are the applicable premium rates:

অনলাইনে বাজাজ অ্যালিয়ান্স বাইক ইনস্যুরেন্স কেনার সময় যে 6টি জিনিস জানতে হবে

টু হুইলার ইনস্যুরেন্স মার্কেট প্রতিটি উত্তীর্ণ বছরের সাথে নতুন নিয়ম এবং শর্তাবলী যোগ করে চলেছে. আপনি যদি আপনার জন্য সেরা বাইক ইনস্যুরেন্স পলিসি চান, তাহলে এখানে উপলব্ধ বাইক ইনস্যুরেন্স সম্পর্কে আপনার 6টি জিনিস জেনে রাখা উচিত:

পার্সোনাল অ্যাক্সিডেন্ট কভার:

Every bike owner can claim a personal accident cover of ₹15 lakh under their two wheeler insurance policy. It is an inbuilt feature of the two-wheeler insurance policy, not an add-on. IRDA has made it mandatory for ₹1 lakh to ₹15 lakh.

বিকল্প কভারেজ:

The add-ons offered by the two wheeler insurance firms are the optional coverages. You have to pay extra for these, and the options are pillion rider cover, zero depreciation etc.

ডিসকাউন্ট এবং ছাড়:

The discounts are approved by the IRDAI, for the insured who have vehicles with anti-theft devices and those who have memberships to the recognised automotive associations. The owners with good driving records can also receive discounts in terms of NCB.

Online Savings & Concessions:

The savings are approved by the IRDAI for the insured who have vehicles with anti-theft devices and those who have memberships to the recognised automotive associations. Owners with good driving records can also receive online savings on NCB.

অনলাইনে কেনার জন্য দ্রুত রেজিস্ট্রেশন:

The online system has made everything very easy. The insurers have created online two wheeler policies for purchase and renewal at their websites. The registration process is simple and easy to understand while ensuring complete confidentiality and data security.

নো ক্লেম বোনাসের সহজ ট্রান্সফার:

The no claim bonus can be easily transferred when you purchase a new two-wheeler. This bonus is a reward for the policyholder, not the vehicle itself. It encourages safe driving and discourages filing unnecessary two-wheeler insurance claims.

দায়বদ্ধতার কভারেজ:

It depends upon the rider’s choice to select from the types of coverage available, either comprehensive or liability-only two-wheeler insurance plan, which is also known as third party plan or policy. The 3rd party insurance plan has a lower premium as compared to the comprehensive online 2 wheeler insurance.

এই ছোট কিন্তু নির্ধারিত পয়েন্টগুলির মাধ্যমে বাইকের জন্য সম্পূর্ণ টু হুইলার ইনস্যুরেন্স পলিসির সারাংশ প্রদান করা হয়েছে.

বাইক ইনস্যুরেন্সে এনসিবি কি?

No Claim Bonus (NCB) is a discount on your bike insurance premium for not making any claims during the policy term. It ranges from 20-50% and applies at renewal.If you sell your bike or get a new one, the NCB stays with you, not the bike. When buying a new policy, your previous NCB is carried forward. The maximum discount you can earn is 50%.

বাইক ইনস্যুরেন্সে আইডিভি কি?

IDV (Insured Declared Value) is the highest amount you can claim if your bike is stolen or completely damaged. A higher IDV means a higher premium, while depreciation reduces both over time.

As your bike ages, its IDV decreases, lowering the claim amount. While buying insurance, don’t just focus on the premium—check the আইডিভি offered. Some reduce IDV to lower premiums, but this can lead to financial loss if the bike is stolen or totaled, as compensation is based on IDV, not market value.

Choosing the right IDV ensures you receive fair compensation in case of a major loss. Always balance your premium and IDV to get the best protection for your bike.

বাইক ইনস্যুরেন্স পলিসিতে শূন্য মূল্যহ্রাস

বাইক ইনস্যুরেন্স পলিসিতে জিরো ডেপ্রিসিয়েশন হল এমন একটি অ্যাড-অন কভার যা অতিরিক্ত প্রিমিয়াম খরচ করে কেনা উচিত. এই পলিসিটি 1 বছরের জন্য প্রযোজ্য, এবং এটি আপনার টু হুইলার ডেপ্রিসিয়েশন ফ্যাক্টর বিবেচনা না করে কভার করে.

When a new vehicle comes out of the showroom, the value of the same starts to depreciate. Over the time of usage of the vehicle, the wear and tear can depreciate its amount. A zero depreciation in bike insurance cover helps in getting such expenses. With the zero depreciation added on the cover, if involved in an accident, you will get the entire cost of the losses incurred.

বাইক ইনস্যুরেন্সে বাধ্যতামূলক এবং স্বেচ্ছাসেবী কেটে নেওয়া অত্যাবশ্যক

কেটে নেওয়ার যোগ্যতা হল এমন একটি পরিমাণ যা ইনসিওর্ড ব্যক্তিকে অতিরিক্ত চার্জ করা হয় ও তিনি সেটি পরিশোধ করেন এবং তারপর টু হুইলার ইনস্যুরেন্স কভারেজ কাজ শুরু করে. কেটে নেওয়ার যোগ্য এই পরিমাণ হল ইনস্যুরেন্স কোম্পানিগুলির জন্য সহায়তা সংক্রান্ত খরচ.

বাধ্যতামূলকভাবে কেটে নেওয়া হবে

এটি হল আপনার পকেট থেকে আপনাকে যে ক্ষতি বা লোকসানের জন্য পে করতে হবে তার পরিমাণ. এরপর, ইনস্যুরেন্স কোম্পানি কার্যকর হয় এবং ব্যালেন্স পে করে. বাধ্যতামূলক কেটে নেওয়ার পরিমাণটি সেটেলমেন্টের পরিমাণে নিষ্পত্তি করা হয়েছে.

ভলান্টারি ডিডাক্টিবেল

It is the amount you decide to pay from the two wheeler insurance claim amount. You contribute to the repairs of your two-wheelers in advance, and the amount paid is compensated with the lower premium amount.

How to renew expired bike insurance?

The policy lapses if it is not renewed before the due date. However, an expired bike insurance policy with Bajaj Allianz General Insurance Company can be renewed online. To renew, visit the official Bajaj Allianz General Insurance Company website and click on the "Renew" tab. Select the type of insurance policy to renew, such as two-wheeler comprehensive or third-party cover. Enter the required details, including the existing policy number, expiry date, and bike specifics.

Review and confirm the details, including coverage and any add-on options, and proceed to pay the premium securely through the online payment gateway. Once the payment is successful, the renewed policy documents are received instantly via e-mail or can be downloaded from the portal.

How to Buy/Renew Scooter Insurance Online?

Buy or renew scooter insurance via the Bajaj Allianz "Caringly Yours" app or official website. Enter your scooter details, review your No Claim Bonus if renewing, select a coverage plan and add-ons, and pay securely online. Policy confirmation and documents are sent instantly via e-mail and SMS. Renewing before expiry retains up to 50% NCB discount and ensures continuous coverage.

How to Buy/Renew Secondhand Bike Insurance Online?

Download the Caringly Yours app or visit the official Bajaj Allianz General Insurance Company website and log in. Enter your bike details, check the No Claim Bonus if applicable, review coverage, add-ons, and Insured Declared Value (IDV), then select or customise a plan. Make the payment securely online and receive instant policy confirmation via e-mail and SMS. Renewing before expiry ensures continuous coverage and retains applicable NCB discounts.

How to Buy/Renew Two Wheeler Insurance for an Old Bike?

To buy or টু হুইলার ইনস্যুরেন্স রিনিউ করুন for an old bike, visit the official Bajaj Allianz General Insurance Company website or use the Caringly Yours app. Enter your bike details, check the No Claim Bonus (NCB) if renewing, and select the appropriate coverage, comprehensive or third party insurance for the bike. Review add-ons, confirm the Insured Declared Value (IDV), make the payment securely online, and receive instant policy documents via e-mail or SMS. Renewing on time ensures continuous protection and preserves NCB discounts.

How To Buy New Bike Insurance Online?

To buy new bike insurance, visit the official Bajaj Allianz General Insurance Company website or use the Caringly Yours app. Enter your bike details, choose a suitable coverage plan—comprehensive or two wheeler insurance package policy, and select any add-ons. Confirm the Insured Declared Value (IDV), pay securely online, and receive the policy documents instantly via e-mail and SMS. This digital process is quick, paperless, and ensures your bike is protected from day one.

Important Terms in Bike Insurance

Whether you are buying two wheeler insurance for the first time or renewing an existing policy, it is important to understand certain key terms:

IDV (Insured Declared Value)

IDV represents the current market value of your bike and determines the maximum claim amount you can receive in case of theft or total loss. Choosing the right IDV ensures accurate coverage in your two wheeler insurance package policy.

NCB (No Claim Bonus)

 No Claim Bonus is a reward for claim-free years. You can get up to 50% discount on your two wheeler insurance renewal based on NCB, helping lower your premium for long-term policies.

জিরো ডেপ্রিসিয়েশন অ্যাড-অন

This add-on allows you to claim the full repair cost without considering depreciation, providing better protection for your bike under a long term two wheeler package policy.

ডিডাক্টিবেল

Deductible is the amount you agree to pay from your own pocket when making a claim. It can be voluntary, chosen by the policyholder, or compulsory, set by the insurer.

প্রিমিয়াম

The premium is the amount paid to avail two wheeler insurance coverage. It depends on factors such as the bike’s age, IDV, type of coverage, and add-ons chosen.

ক্লেম সেটলমেন্ট রেশিও (সিএসআর)

CSR indicates the insurer’s efficiency, showing the ratio of claims settled versus claims received. A higher CSR reflects a reliable insurer for your two wheeler insurance needs.