Claim Assistance
Get In Touch

Sales :1800-209-0144 Service Chat :+91 75072 45858

Difference comprehensive and long term two wheeler insurance
MAR 28, 2018

Comprehensive or Long Term Two Wheeler Insurance?

Bajaj Allianz Motor Insurance

Having a two wheeler insurance is not only a recommended measure but is also a must have as per law in India. If you are looking for a two wheeler insurance online, there are plenty of jargons and terms that you may come across. A majority of this are terms include comprehensive insurance for two wheelers, long term two wheeler insurance, third party insurance and so on. We have simplified this for you.

A comprehensive insurance for two wheelers is a type of insurance policy which not only covers third party losses but also the owner's loss. For example, if you are involved in an accident in which the other party's vehicle suffers damage, this is covered via third party insurance (also a mandate by the law). But in this scenario, the damages caused to your own vehicle will be covered by a comprehensive two wheeler insurance.

In general, comprehensive insurance for two wheelers is available on an annual basis. These have to be renewed year on year. But if you are someone who wants to avoid the hassle of repeated renewal process and also avail extra benefits by doing so, a long term two wheeler insurance is what you need!

A long term two wheeler insurance avoids the need for a yearly renewal. You can insure your bike once and stay insured for a longer time. In addition to this benefit, you can also avail some key advantages like-

  • Protection from Premium hikes - Avail a benefit from increase in third party insurance premium as the premium is capped at the time of purchase of a long term two wheeler insurance. This protects against premium fluctuations that may occur.
  • No claim benefit (NCB)-If you are a safe rider, you get to be eligible for a discount or reduction in premium on renewal for not claiming for any damages during the policy period. This is known as no claim benefit.
  • Longer coverage - Once you get insured for over a year, you avoid the hassle of repeated renewals and also minimize risk that may arise due to a lapse of renewal for your annual two wheeler insurance.

For a better understanding of the same, have a look at the table highlighting the differences between long term two wheeler and an annual comprehensive insurance along with benefits offered by Bajaj Allianz General Insurance Company

Features 3 years long term package policy 1 Year Package Policy
Renewal frequency Once in three years Every year
Coverage period Three years One year
Premium hikes No effect in the TP premium during the policy period Every year TP premium increases
NCB benefit Additional benefit at the time of renewal As per tariff
NCB benefit after a claim NCB gets reduced but does not become nil NCB become 0 after one claim
Mid-term cancellation refund Proportional refund provision even after claim during the policy period No refund in case of any claim

So while looking for your two wheeler insurance online, make sure you consider all the pros and cons before considering your insurance.

Visit Bajaj Allianz Blogs for more Motor Insurance Articles.

Tags : Bajaj Allianz Two Wheeler Insurance Components of helmet Dangers of riding without helmet


I hereby authorize Bajaj Allianz General Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back at a convenient time. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) under either Fully or Partially Blocked category, any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business. Furthermore, I understand that these calls will be recorded & monitored for quality & training purposes, and may be made available to me if required.

Please enter valid quote reference ID

  • Select
    Please select
  • Please write your comment

Getting In Touch With Us Is Easy

  • Customer Login

  • Partner Login

  • Employee Login