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Motor Insurance
Electric Bike Insurance That Powers Your Peace of Mind
Coverage Highlights
Get comprehensive coverage for your electric bikeCare for your Electric Bike
Round-the-clock assistance for your electric Bike with 11 Roadside Assistance Services
On-site Charging, Pickup & Drop
A convenient service offering electric bike charging at the user's location, combined with vehicle pickup and drop-off. Enhances user experience by saving time and effort
Dedicated EV Helpline with SOS
A specialized service providing 24/7 support for electric bike users, including emergency assistance, towing-out of energy, breakdown, accidental and much more
Comprehensive Protection
Electric bike insurance offers financial cover for damages to your electric bike. Depending on the policy type, it can protect against third-party damages or damages to your bike or yourself. Comprehensive policies are recommended, providing extensive protection and various add-ons, such as personal accident cover. This cover offers financial support in case of an unfortunate incident
Drive Legal, Stay Safe
Avoid hefty fines and legal troubles—Third-Party liability Insurance is mandatory under the Motor Vehicles Act, ensuring financial protection against damages to others on the road
Customizable Add-ons
Choice of add ons to enhance your EV bike insurance coverage
Note
*TP EV Bike Insurance Premiums starting at ₹457
Inclusions
What’s covered?Third Party Liability for Bodily Injury & Death (Unlimited Cover)
If an accident is caused by your electric bike and you are liable to compensate for any injury or death of others then we will pay the exact amount as by court. This cover is mandatory by law.
Third Party Liability for Property Damage (Limited)
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 up to the SI limit. This cover is mandatory by law.
Own Damage Cover
Protects your electric bike against accidental damages, fire, theft, and natural calamities like floods or earthquakes. This ensures financial relief for repair costs or vehicle replacement, helping you get back on the road without worries
In Transit Damage
If your electric bike is damaged while being transported, this covers the repair costs
Personal Accident
Coverage if your electric bike accident results in death or disability of car owner. This helps provide security for you and your family in case of unfortunate events on the road
No-Claim Bonus (NCB)
This bonus is a discount offered by insurance companies for not making any claims during the previous policy period. The NCB applies from the second year onwards and can reduce your premium by upto 50%, based on consistent claim-free renewals. It rewards careful driving and helps lower overall insurance cost
Note
Please read policy wordings for detailed inclusions
Exclusions
What’s not covered?Depreciation
Normal wear and tear of the electric bike due to usage and depreciation in value is not covered
Intentional Damage
Any damage caused to the electric bike intentionally
Damages due to Failure
The damages due to electrical or mechanical failure are not 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 electric bike for criminal activityAny type of illegal activity such as driving without a license, under the influence of alcohol and/or drugs, or using the electric Vehicle 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 electric bike , leading to an accident.
Note
Please read policy wording for detailed exclusions
Additional Covers
What else can you get?Motor Protector Cover for Electric Cars
The motor is essential to your electric bike, but standard e-car insurance policies often don't cover its repairs. A motor protector cover is an add-on that helps with necessary repairs, saving you from hefty expenses. With this cover, the insurance company handles motor repair costs, ensuring your EV remains in top condition without financial strain
Zero Depreciation Cover
This add-on helps cover depreciation, which is typically excluded from standard EV insurance policies. With this add-on, your claim amount won't deduct the depreciation on components during reimbursement
Consumables Cover
This ensures the replacement of necessary fluids and components is worry-free, as your electric bike policy covers these expenses, enhancing your vehicle's overall performance
Note
Please read policy wording for detailed exclusions
Compare Insurance Plans Made for You
Feature |
Third Party Liabilty Cover |
Own Damage Cover |
Comprehensive Cover |
---|---|---|---|
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 |
Policy Period | 1/2/3 years | 1 Year | 1/2/3 years |
Third Party Liability for Injury, Death & Property Damage | Yes | No | Yes |
Accidents & Collisions | No | Yes | Yes |
Natural or Man-Made Disasters | No | Yes | Yes |
Fire Damage | No | Yes | Yes |
Theft | No | Yes | Yes |
Compulsory Personal Accident | Yes | Yes | Yes |
No Claim Bonus | No | Yes | Yes |
Add-on: Zero Depreciation Cover | No | Yes | Yes |
Get instant access to your policy details with a single click.
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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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Prompt Assistance
Thank you so much, Bajaj Allianz, for your quick and responsive action towards my claim process. I am shocked that my claim amount has been credited so quickly.
Vikram Singh
Delhi
21st May 2021
Claim Support
Super fast claim settlement! I initiated a claim for my car windscreen, which was broken due to a tree fall today, and it was settled within one hour. I appreciate the efforts of Omkar.
Deepak Bhanushali
Mumbai
18th May 2021
Quick Assistance
Thank you for helping me with just one tweet. You guys are really awesome. This is the fourth year I am continuing with you for car insurance. Keep it up!
Naveen Tyagi
Delhi
1st May 2021
Claim Support
I really appreciate the way I was treated concerning my claim. The customer service was both professional and friendly, which enhanced my confidence in Bajaj Allianz.
Pramod Chand Lakra
Jaipur
27th Jul 2020
Reliable Service
The vehicle was used by our Zonal Manager. We appreciate your timely and prompt action in getting the vehicle ready for use within a short span of time.
Siba Prasad Mohanty
Pune
26th Jul 2020
Diverse Options
A range of options to choose from." Being a perfectionist, I prefer the best of everything. I wanted my car insurance policy to be airtight as well.
Rahul
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One of the latest entrants in the EV two-wheeler market, the Hero Vida was launched in 2022. A brand that needs no introduction, Hero launched Vida with the aim to completely change the EV two-wheeler sector. One of the highly efficient electric scooters that you can find in the market today, the Hero Vida comes with features such as:
Due to the delicate nature of the build of this scooter, any damage or loss can financially set you back. Thus, you must get proper financial coverage for your Hero Vida. This can be done by purchasing Hero Vida electric insurance when you purchase your scooter. You are financially compensated for damages or losses that could arise due to accidents, calamities, fire or even theft.
The types of plans you can buy for your Hero Vida electric scooter fall into two main categories. These are
Of these, third party liability insurance for hero vida electric scooters protects you from financial liability in the event of an accident and injury to another person or their vehicle. So, whether you have an electric vehicle or a conventional fuel vehicle, you should at least have third party liability Hero Vida insurance.
On the other hand, comprehensive insurance for Hero Vida electric scooters is a more comprehensive type of insurance. Comprehensive insurance for Hero Vida electric scooters offers third party liability coverage as well as other coverages such as personal compensation coverage, personal accident coverage, etc. You may not be legally mandated to be covered under Hero Vida electric scooter insurance, but it may be useful to do so. This allows you to be more financially protected.
Please note that the inclusion of the comprehensive Hero Vida scooter insurance plan depends on what the insurance company offers and the details of the insurance that you, the policyholder, can choose. If you have a Hero Vida electric scooter, check your insurance policy details. Just as you need to be careful about what your policy covers, you need to be careful about exclusions.
Add-ons are a way to increase your insurance for Hero Vida electric scooter. Common add-ons are:
These add-ons cannot be included in your plan if you have only purchased third-party Hero Vida insurance. If you want these additional covers for your Hero Vida e-bike, you must purchase comprehensive Hero Vida electric scooter insurance.
Here are the reasons why you should choose Bajaj Allianz General Insurance, Hero Vida Insurance or any other e-bike or electric car insurance.
You can start the electric bike insurance claim process by choosing different methods provided by your insurance company.
The most common ways to file a claim are:
Hero Vida insurance third party claims can be handled through an email channel dedicated to third-party liability claims.
The process of filing an e-bike insurance case is similar to filing an electric car insurance claim.