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Motor Insurance
Road trips, commutes, or quick errands—protection that follows you everywhere
Coverage Highlights
Get comprehensive coverage for your bikeCashless Garages
7,200+ network garages for hassle free services
Own Damage Cover
Covers damage to your bike due to accidents, fire, theft and natural calamities
Third Party Liability
Unlimited liability for third party bodily injuries and INR 1 lac for third party property damage
Personal Accident Cover
Starting from INR 15 Lacs
No Claim Bonus
Up to 50%
Optional Covers
Wide range of Add Ons
On The Spot Claim Settlement
You can instantly register your bike insurance claim from the accident spot and get it settled within minutes through our Caringly Yours App
24x7 Spot Assistance
Get 24x7 roadside assistance, ensuring help is always just a call away, no matter when or where your car breaks down
Note
Two-Wheeler TP Insurance Premiums starting at INR 538
Inclusions
What’s covered?Third Party Liability for Bodily Injury & Death (Unlimited Cover)
If an accident is caused by your bike and you are liable to compensate for any injury or death of others then we will pay the exact amount as by court.
Third Party Liability for Property Damage (up to INR 1 lac)
If an accident is caused by your bike and you are liable to compensate for any damage to property of others then we will pay amount upto the SI limit
Accidents
Damages and losses that arise out of accidents and collisions
Natural or Man-Made Disasters
Damages and losses to bike by events like floods, cyclones, earthquakes, riots or vandalism
Fire Damage
Damages and losses if your bike catches fire or explodes
Theft
Financial losses when your bike is stolen
In Transit Damage
If your bike is damaged while being transported, this covers the repair costs
Personal Accident
Coverage if your bike accident results in death or disability of bike owner
Add-On Covers
Multiple Add-Ons which you can buy with your bike insurance policy to enhance your coverage
Exclusions
What’s not covered?Intentional Damage
Any damage caused to the bike intentionally
Depreciation
Normal wear and tear of the bike due to usage and depreciation in value is not covered
Mechanical or Electrical Breakdown
If your bike suffers an electrical or mechanical breakdown, the cost of repairs would not be covered
Illegal Activities
Any type of illegal activity such as driving without a license, under the influence of alcohol and/or drugs, or using the car for criminal activity
Geographic Limits
Your insurance policy is only valid within India. If your vehicle meets with an accident outside the country, your claim will be rejected.
War-related Damages
Losses caused by war or nuclear risks are not covered
Overloading the Vehicle
If you exceed the weight or passenger limit specified for your bike, leading to an accident.
Unauthorised Vehicle Modifications
If you modify your vehicle(electrical components or other illegal modifications), your policy may become invalid.
Racing or Speed Tests
If you participate in racing, speed tests, or illegal stunts and damage your bike, your claim will be denied
Note
Please read policy wording for detailed exclusions
Additional Covers
What else can you get?24x7 Road Side Assistance
Provides immediate roadside help for emergencies like flat tyres, towing, fuel assistance and more
Consumable Expenses
Coverage for consumables items like grease, lubricants, engine oil, oil filter, brake oil, etc
Zero Depreciation Cover
Every year the value of a bike depreciates but with zero depreciation cover, there are no depreciation cuts even when you make a claim, and you get the entire amount in your hands
No Claim Bonus Protector
Protects your No Claim Bonus even if you make a claim ensuring you get discount on your premium
Tyre Safeguard
This add-on cover can be fruitful if your car's tyre or tube gets damaged due to an accident. Tyre secure cover provides coverage for replacement expenses of tyres and tubes of the insured vehicle
Conveyance Benefit
If your car is in the garage for repairs, this cover will pay for money spent on cabs for your daily commute
Engine Protector
Covers financial losses incurred due to damage to your car engine
Return to Invoice (RTI) Cover
Recover invoice value of your bike back in case of theft or total loss
Compare Insurance Plans Made for You
Feature |
Third Party Liabilty Cover |
Own Damage Cover |
Comprehensive Cover |
Comprehensive Cover with Add-ons |
---|---|---|---|---|
Overview | Covers legal liabilities arising due to body injury or property damage to others due to your bike. It is mandatory by law. | Covers expenses arising out of damage to your bike. | Full fedged cover comprising of Third Party Liability cover and Own Damage covers | Enhance coverage by opting for various Add-ons over and above the comprehensive cover |
Policy Period | 1/2/3 years | 1 Year | 1/2/3/5 years | 1/2/3/5 years |
Third Party Liability for Injury, Death & Property Damage | Yes | No | Yes | Yes |
Accidents & Collisions | No | Yes | Yes | Yes |
Natural or Man-Made Disasters | No | Yes | Yes | Yes |
Fire Damage | No | Yes | Yes | Yes |
Theft | No | Yes | Yes | Yes |
Compulsory Personal Accident | Yes | Yes | Yes | Yes |
No Claim Bonus | No | Yes | Yes | Yes |
Add-on: Zero Depreciation Cover | No | Yes | No | Yes |
Add-on: Lock & Key Replacement | No | Yes | No | Yes |
Add-on: 24x7 Roadside Assistance | No | Yes | No | Yes |
Add-on: Consumables Cover | No | Yes | No | Yes |
Explore more add-ons | No | 25+ Add On's | 25+ Add On's | 25+ Add On's |
Get instant access to your policy details with a single click.
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Experience seamless vehicle management with the Bajaj Allianz Drive Smart App, featuring on-road assistance, fuel efficiency stats, driving alerts, and more
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Step-by-Step Guide
How To Buy
0
Download the Caringly Yours app from App stores or click "Get Quote"
1
Register or log in to your account.
2
Enter your bike details
3
You will be redirected to the bike Insurance Page.
4
Ensure to check your No Claim Discount
5
Choose right Insured Declared Value(IDV) that reflects your bike value
6
Evaluate Covers, Add Ons, Optional Covers and Exclusions
7
Select a plan from the recommended options, or customize your own plan
8
Review the premium and other coverage details
9
Proceed with the payment using your preferred method
10
Receive confirmation of your purchased policy via email and SMS
How To Renew
0
Login to the app
1
Enter your current policy details
2
Review and update coverage if required
3
Check for renewal offers
4
Add or remove riders
5
Confirm details and proceed
6
Complete renewal payment online
7
Receive instant confirmation for your policy renewal
How to Claim
0
Download our Caringly Yours App on Android or iOS
1
Register or login to use Motor On the spot claim for a smooth process
2
Enter your policy and accident details (location, date, time)
3
Save and click Register to file your claim
4
Receive an SMS with your claim registration number
5
Fill in the digital claim form and submit NEFT details
6
Upload photos of damaged parts as instructed
7
Upload your RC and driving license
8
Receive an SMS with the proposed claim amount
9
Use the SMS link to agree/disagree with the claim amount
10
Agree to receive the amount in your bank account
11
Track your claim status using the Insurance Wallet App
Know More
0
For any further queries, please reach out to us
1
Phone +91 020 66026666
2
Fax +91 020 66026667
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Own Damage insurance covers damages to your car due to accidents, theft, fire, vandalism, or natural calamities. It does not cover third-party liabilities but ensures financial protection for repair costs or vehicle replacement if your insured car suffers partial or total damage.
No, Own Damage cover is not mandatory. It is an optional policy that protects your car from damage. However, it is highly recommended for financial security, especially for new or expensive vehicles, as third-party insurance alone does not cover your car’s repair or replacement costs.
Yes, Own Damage insurance covers vehicle theft. If your insured car is stolen and not recovered, the insurer compensates you with the Insured Declared Value (IDV) of the vehicle. This ensures financial protection against complete loss, subject to policy terms and claim approval.
Yes, your Damage cover can be bought separately from third-party insurance. This allows car owners to choose different insurers for third-party and own-damage coverage, enabling flexibility in policy selection and ensuring tailored protection based on individual insurance needs.
The Own Damage insurance premium is based on factors like the car’s make, model, age, location, and Insured Declared Value (IDV). Higher IDV results in a higher premium but ensures better compensation. Premiums may also be affected by add-ons like Zero Depreciation or Engine Protection.
Yes, you can easily transfer your vehicle's insurance to the new owner. The usual procedure for transferring vehicle insurance policy between two owners requires the new owner of the vehicle to submit an application form to the insurance provider within about 14 days of the registration transfer.
The coverage for vehicle insurance can vary depending on the type of policy chosen. Third party liability, third party property damage, personal accident cover, own damage, theft, natural/manmade calamities, etc. are some of the common risks that are usually covered under motor insurance for a vehicle.
Investing in a comprehensive motor insurance is beneficial because it provides extensive coverage for your vehicle from damages due to an accident, theft, or natural disasters and damages caused to third party etc.
Third-Party Liability Cover is a type of insurance plan that covers that damages caused to a third-party from your vehicle.
Third-Party Liability covers damages incurred by another person or their property; it's mandatory by law to get a third-party insurance plan for your vehicle in order to drive it in India. Whereas, Comprehensive Motor Insurance covers third-party liability and damages to your own vehicle due to accidents, theft, etc. as per the policy terms.
You may be able to transfer your No Claims Bonus (NCB) when renewing your policy with us, but this depends on various factors. While renewing, you may be able to get new and better NCB options and discounts.
The no claim bonus feature in vehicle insurance can reduce the premium by a certain percentage each year if no claims are made. This feature has proven beneficial for people who have long-term insurance policies with the same company.
You can use our app, Caringly Yours, to initiate your insurance claim with an easy and hands-free experience.
Ideally, claims are supposed to be registered on the same day that damage occurs to the insured vehicle. It is best to provide an immediate update to your vehicle insurance company. Please complete the claim application through our Caringly Yours app to claim your insurance in just a few easy steps.
Deductible is the amount a policyholder pays out of their pocket before your insurance coverage kicks in; a higher deductible usually means a lower premium.
Vehicle insurance premiums can change at renewal due to several factors, including depreciation, add-on covers, the type of model of your vehicle, and additional accessories. Consequently, the premium may increase or decrease each year.
No claim bonus is calculated at renewal based on the consecutive years the insured has not filed a claim. The discount percentage usually increases each year, following the policy terms.
The time gap between the policy expiration and the renewal of the policy is known as the break-in period. Your policy will remain inactive during this period. In case of a break-in, you are advised to renew your policy as soon as possible. You can complete the procedure online easily and your policy gets instantly activated.
Usually, vehicle inspection occurs when purchasing a new vehicle insurance policy or during renewal process. Additionally, an inspection may be required when you file a claim for any damages, there is a change in the policy type, new accessories or equipment are added to the vehicle, or there is a change in ownership.
Yes, you can switch providers at renewal. Compare quotes and coverage options to find the best deal.
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When it comes to securing your motorcycle or scooter, Comprehensive Bike Insurance is an essential plan that offers extensive coverage. Whether you’re looking for coverage for your vehicle’s accidental damages, theft, or natural and manmade disasters, Comprehensive Two Wheeler Insurance has you covered. Here, we’ll explore everything you need to know about comprehensive bike insurance, its features, benefits, add-ons, and how it compares to other types of bike insurance. So, let’s understand what comprehensive insurance for bike is all about and why it’s a smart choice for your Two Wheeler.
Comprehensive Bike Insurance meaning it is a plan that offers protection against a range of risks, including accidental damage, fire, theft, natural calamities like floods and earthquakes, and manmade disasters such as vandalism and riots. This policy combines Third-party Liability Coverage and Own-Damage Coverage to give you the most extensive protection for your Two-Wheeler.
The comprehensive motorcycle insurance plan not only covers damages to your bike but also protects you from legal liabilities if you injure someone or damage a third party’s property in an accident. This coverage is essential for bike owners who want to secure their vehicles and minimise risks on the road. If you currently have basic third-party Two Wheeler insurance, you can easily upgrade to the Comprehensive Two Wheeler Insurance Policy during your bike insurance renewal.
Here are some of the key features that make Comprehensive Two Wheeler Insurance an ideal choice:
A comprehensive bike insurance policy covers a broad range of scenarios, including road accidents, theft, damage from natural and manmade disasters, and more. It provides protection for both the insured bike and third-party liabilities.
One of the benefits of a Comprehensive Bike Insurance plan is the No Claim Bonus (NCB). If you don’t make any claims during the policy period, you’ll receive a reduction on your bike insurance renewal premium. With NCB, you can save up to 50% on the premium for five consecutive claim-free years.
With Comprehensive Two Wheeler Insurance, most repair costs are covered. This means you only need to pay a small deductible, significantly reducing your repair expenses. This makes comprehensive bike insurance highly affordable in the long run.
Whether you own a motorcycle, scooter, or electric bike, the Comprehensive Bike Insurance policy provides coverage for all types of Two Wheelers. This ensures that regardless of the type of bike you ride, you can get extensive coverage.
Opting for Comprehensive Two Wheeler Insurance from Bajaj Allianz General Insurance Company offers several benefits, including:
The comprehensive insurance Two Wheeler plan provides maximum protection by covering both your bike and third-party liabilities. It ensures you are financially protected in the event of theft, fire, or any other damage caused by an accident.
The policy covers legal liabilities for injuries or death caused by a third party. If your bike damages a third-party vehicle or property, this insurance protects you from legal and financial consequences.
The comprehensive bike insurance policy offers peace of mind, knowing that your bike is protected against a range of risks. Whether it's a theft, accident, or damage caused by natural calamities, your policy will cover the costs.
It’s essential to understand the differences between Comprehensive Bike Insurance and Third-Party Bike Insurance to make an informed decision. Here’s a comparison:
Aspect | Cashless Claim | Reimbursement Claim |
Payment Process | Bajaj Allianz General Insurance Company settles bills directly with the network garage. | The policyholder pays upfront and gets reimbursed later. |
Time Taken | Faster due to our network garage coordination. | Slower, as it involves document submission and approval. |
Ease of Use | Convenient and stress-free for the policyholder. | Involves more effort and paperwork. |
Repair Quality | High-quality repairs at 7200+ authorised garages. | Quality depends on the garage chosen by the policyholder. |
Upfront Payment | Minimal payment by the policyholder (deductibles). | Full payment by the policyholder initially. |
The No Claim Bonus (NCB) is a leverage offered by Bajaj Allianz General Insurance Company when you don’t make any claims during the policy period. For each year without claims, you accumulate a higher NCB. This is applied during bike insurance renewal to reduce your premium.
Number of Claim-Free Years | NCB |
1 Year | 20% |
2 Years | 25% |
3 Years | 35% |
4 Years | 45% |
5 Years | 50% |
The premium for Comprehensive Two Wheeler Insurance is influenced by several factors that determine the overall cost of insuring your bike. Understanding these factors helps you make an informed decision when purchasing bike insurance and ensures you get the coverage you need at the best possible price. Here are the key factors that affect the premium calculation:
The Insured Declared Value (IDV) represents the current market value of your bike, taking depreciation into account. It is the maximum amount you will receive from Bajaj Allianz General Insurance Company in case of theft or total loss. The higher the IDV, the higher the premium, as it represents a more significant amount that Bajaj Insurance General Insurance Company would have to pay in the event of a claim. Typically, the IDV is based on the bike’s age, make, model, and market price.
The age of your bike is an important factor in determining the insurance premium. Older bikes have a lower premium because their value depreciates over time. As the bike ages, its replacement parts become affordable, and the risk of a claim diminishes. Conversely, a brand-new bike attracts a higher premium due to its higher IDV and the greater cost of repair or replacement.
The make and model of your bike significantly influence the premium. High-end bikes with expensive parts, maintenance costs, and repairs will typically have a higher premium. Additionally, performance bikes or motorcycles with larger engine capacities may attract higher premiums compared to scooters or smaller-engine bikes.
The location where your bike is registered also impacts the insurance premium. Bikes registered in metropolitan cities or high-traffic areas tend to have higher premiums due to the higher risk of accidents, theft, and damage. In contrast, bikes registered in rural or less densely populated areas generally have lower premiums.
The duration of your insurance policy plays a role in the premium calculation. Opting for a multi-year policy (typically 2 or 3 years) often results in a more affordable premium as we offer a more affordable price on long-term coverage. This can be a cost-effective option if you plan to keep the insurance for an extended period.
By considering these factors, you can tailor your Comprehensive Two Wheeler Insurance premium to suit your needs and budget while ensuring your bike remains protected against a variety of risks.
Online purchases for Comprehensive Two Wheeler Insurance offer several advantages:
- Paperless process for quick and convenient purchases.
- Ease of comparing different plans and coverage options.
- Instant policy issuance and access to the policy document.
- Secure and transparent process with online payments.
Bajaj Allianz General Insurance Company offers an easy, hassle-free process for purchasing and renewing your comprehensive bike insurance. Here are some reasons to consider us:
Thanks to Bajaj Allianz General Insurance Company’s digital-first approach, the operating costs are minimised, leading to affordable bike insurance plans.
With us, you can enjoy cashless repairs at 4000+ network garages. Allianz General Insurance Company directly settles the repair bills, making the process quick and convenient.
Buying or renewing your Comprehensive Two Wheeler Insurance is easy through Bajaj Allianz General Insurance Company’s website or app. The process is fast, allowing you to complete the transaction in just a few clicks.
Filing a claim with Bajaj Allianz General Insurance Company is simple. Just log in to your account, answer a few questions, and upload the required documents to initiate the claim process.
Bajaj Allianz General Insurance Company provides instant settlements for minor claims, ensuring you don’t have to wait long for compensation.
Sr.No. | Name of the Product | BAP UIN |
1 | Private Car Package Policy | IRDAN113RP0025V01200102 |
2 | Private Car Policy - Bundled | IRDAN113RP0007V01201819 |
3 | Standalone Own Damage Cover for Private Car | IRDAN113RP0001V01201920 |
4 | Private Car Package Policy – 3 Years | IRDAN113RPMT0001V01202425 |
5 | Two Wheeler Package Policy | IRDAN113RP0026V01200102 |
6 | Long Term Two Wheeler Package Policy | IRDAN113RP0008V01201617 |
7 | Two Wheeler Policy – Bundled | IRDAN113RP0008V01201819 |
8 | Standalone Own Damage Cover for Two Wheeler | IRDAN113RP0002V01201920 |
9 | Two Wheeler Package Policy – 5 Years | IRDAN113RPMT0018V01202425 |
10 | Commercial Vehicle Package Policy | IRDAN113RP0027V01200102 |
11 | Motor Trade Internal Risk | IRDAN113RP0039V01200102 |
12 | Motor Trade Package Policy | IRDAN113RP0038V01200102 |
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
AGE OF VEHICLE | % OF DEPRECIATION FOR FIXING IDV |
Not exceeding 6 months | 5% |
Exceeding 6 months but not exceeding 1 year | 15% |
Exceeding 1 year but not exceeding 2 years | 20% |
Exceeding 2 years but not exceeding 3 years | 30% |
Exceeding 3 years but not exceeding 4 years | 40% |
Exceeding 4 years but not exceeding 5 years | 50% |
The IDV arrived as per the above method may be further adjusted basis 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.
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).
Note: 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.