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Wide range of add on covers to enhance your policy

What is Bike Insurance?

Bike Insurance is a safety plan that protects bike owners from any liability to third parties, arising due to the usage of two-wheelers. A Bike two wheeler Insurance policy is a contract in which an insurance firm covers the financial aspects related to any loss or damage to a bike.

Motor Two Wheelers Third Party liability is mandatory to everyone owning two-wheelers, under Motor Vehicle Act, 1988. Two wheeler Insurance covers you financially when accidents cause damage to the vehicle by paying for the repairs. It minimises the blow either for Natural Calamity Cover or Personal/Third Party Cover as well. 

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Why do you Need a Bike Insurance Policy?

Driving your bike without Insurance is a punishable offence in the eyes of the law. Two wheeler Insurance is mandatory in India and is proven to be very beneficial as well.

Two wheelers are a vital part of the economy as it is the most convenient mode of transportation. Two wheeler insurance is required to reduce the risk that generates from being on the road in general. These are the following benefits and facts to have a Bike Insurance Policy:

  • Natural Calamity Coverage

    Earthquakes and floods are less frequent; still, it is something that your bike insurance policy covers. If you become a victim to uncertainties, one can always seek a claim for the damages under the bike insurance policy.

  • Third-Party Coverage

    A third party is also known as ‘act only’ insurance and is compulsory for everybody under two wheeler insurance. It is a bike insurance cover in which the two-wheeler insurance firm covers damage to the third party, the insured bike and person is protected from the legal obligations towards the third party.

  • Personal Coverage

    The bike insurance policy also covers the owner and will compensate in case of injuries due to bike accidents. The person can use the money, the amount of bike insurance claim can differ under different circumstances.

  • Mandatory by Law

    Law is the prime leading authority and can abide by the citizens. The bike insurance policy is a mandatory aspect of Indian law. Under the Motor Vehicles Act, every vehicle owner has to have at least a third-party two-wheeler insurance cover.

  • Financial Cover

    Any accident that occurs creates havoc and damage to people’s lives and the vehicle as well. The financial coverage accompanying a bike insurance policy is a safety net for the policyholder. Any damage to your vehicle in an accident will not break you financially.

  • Coverage from man-made disasters

    Man-made disasters like theft, robbery, riot, strike, terrorist activity, damage in the transit by road, rail, lift or elevator, is covered under the coverage of bike insurance claims from man-made disasters.

These above are the most common concepts covered under the two wheeler insurance policy. They wrap almost every major factor to make it easy for you.

6 Things you should know about Two Wheeler Insurance

The two wheeler insurance market is adding new terms and conditions with each passing year. If you want the best bike insurance policy for yourself, here are the 6 things you should know about bike insurance:

6 things basic of every two wheeler insurance:

  • Personal Accident cover: Every bike owner can claim a personal accident cover of Rs.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 from Rs.1 lakh to Rs. 15 lakh.
  • Optional coverage: 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 of pillion rider cover, zero depreciation etc.
  • Discounts and Concessions: The discounts are approved by the IRDA, for the insured who have vehicles with the 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.
  • Quick registration for online purchase: 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.
  • Easy transfer of the No Claim Bonus: The no claim bonus discounts are easily transferred if you buy a new two wheeler vehicle. It is a bonus reward for the owner/ policyholder not for the vehicle itself. It is a bonus that encourages safe driving skills and not asking for two wheeler insurance claims against the policies.
  • Liability coverages: It depends upon the rider’s choice to select from types of coverages 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 lesser premium as compared to the comprehensive online 2 wheeler insurance. 

These above summarises the whole two wheeler insurance policy of bikes, in small yet definable points.

Key benefits of Bajaj Allianz Two Wheeler Insurance

Short term two wheeler insurance was valid in India till 2015. Every year one had to renew their two-wheeler insurance. Still, now with the permission of the Insurance and Regulatory authority of India (IRDA), long term insurance plans can be implemented.

The long term coverage plans include two wheeler insurance policies for a maximum of three years. With the working burden and stress, it's not easy to visit an agent every time you need to renew your policy. Just opt for the two-wheeler insurance facility online.

Benefits of Bajaj Allianz Two Wheeler Insurance are:

  • Contactless Purchase & Renewal: Bajaj Allianz’s online 2 wheeler insurance purchase and renew options prevents contacting either by a telephone or in-person the insurance representative. The online method is safe, faster, and more efficient.
    You will find complete information about the two wheeler insurance purchase and renewal on the website. If assistance is required, connect the customer service representatives via a call or email.
  • OTS Claim Settlement in 20 Mins: With Bajaj Allianz two wheeler insurance, you can get a settlement of claim up to INR 10,000 within just 20 minutes of the submission. This helps us provide priority support and assistance while ensuring speedy claims processing for lower amounts.
    This move is also beneficial for the consumers as they don’t have to wait for days to get approval for the two wheeler insurance claim. It helps get a better quality of life devoid of uncertainties about the claim approval or rejection.
  • Long Term Cover: According to the IRDA, a hike of 20% is a must for third party two wheeler insurance. In situations like these, opt for the long term plan for 3 years, and one can be safe from hiking premiums as well.
  • 24x7 Roadside Assistance: Especially for the two wheeler riders who frequent in and out of town on a daily basis, the roadside two wheeler insurance assistance is essential. After getting the 24x7 roadside assistance add on coverage, you can travel with a peace of mind and shun the fear of getting stranded on the road.
    The roadside two wheeler insurance assistant package ensured help in case of electrical or mechanical breakdown, flat tyre, towing, urgent message relay, and fuel assistance.
  • Renew Without Inspection: The Bajaj Allianz mobile application allows the users to renew the existing two wheeler insurance policies by self-attesting the vehicle’s condition and submitting the photos via the application.
  • Cashless Claims: Bajaj Allianz two wheeler insurance policy offers cashless claims on damage repair at the partner garages in case of an accident. The insured has no liability here and won’t have to pay any amount for the items secured under insurance cover.

These are the main key benefits you can infer from your insurance policy. It keeps you secure on the road financially.

Why choose Bajaj Allianz Two Wheeler Insurance?

Key Feature Benefit Bajaj Allianz Two Wheeler Insurance
Hassle-free Renewal Renewal of the 2 wheeler insurance is a smooth process with no inspection and questions
Quick claim settlement Pan-India and smooth two wheeler insurance claim settlement.
Network Garages Avail priority services with two wheeler insurance from Bajaj Allianz authenticated garages across the country.
Add-on Covers A wide gamut of additional two wheeler insurance add-on covers to provide blanket coverage for your bike and its associated aspects.
Own-damage cover Protection against threats like fire, theft, accidents, etc. within the two wheeler insurance policy.
NCB Transfer Yes, up to 50%
Claim Settlement Ratio 98%
On-The-Spot Settlement Using Caringly Yours App

Types of Bike Insurance in India

Insurance is a financial cover to take the blow of loss and damage occurred in an accident. The two wheeler insurance policy is a legal obligation in India. The cover type and the premium amount for the bike insurance policy is dependent upon the coverage plans you select.

There are mainly two types of two wheeler insurance in India. Most of the policies concerning two wheelers revolve around them. With adding certain chargeable benefits in the mix, you are eligible to receive the best offers on your possessions.

Comprehensive Two Wheeler Insurance Policy

In this type of two wheeler insurance plan, the third party is insured as well as the rider/ policyholder/ owner/ vehicle itself. These all are benefited in a single policy, and the additional add ons are also applicable at an extra premium cost.

The comprehensive two wheeler insurance policies are fixed and created by every insurance firm individually. They each have different offers based on the comprehensive policy cover. The premium charge is relatively high under this type of two-wheeler insurance.

A comprehensive policy is not regulated by IRDA at all. It can be modified and changed by insurance companies only.

Third-Party Two Wheeler Insurance Policy

In this type of two wheeler insurance, only third parties involved in the accidents are covered and compensated. It is beneficial for the rider or the owner in terms of legal obligations as the third party two-wheeler insurance protects them and the other parties involved in the incident. Every two-wheeler must have a third party insurance for bike.

It is a legally regulated and mandatory insurance policy sanctioned by the Insurance Regulatory and Development Authority. The bike insurance premium is cheaper than the comprehensive policy premium, but the coverage is also lesser.

The owner/policyholder or the vehicle is not protected under the third party two wheeler insurance plans. If involved in an accident, they won’t be compensated at all. The rules and conditions regarding this policy are similar across nations.

Standalone Two Wheeler Insurance Policy

Under the standalone own damage cover, you will get claim benefits in case of accident, theft, natural or manmade damages. This type of two wheeler insurance cover can be coupled with comprehensive bike insurance or long term two wheeler insurance policy.

However, a standalone insurance policy for bike cannot provide cover against the 3rd-Party liabilities. In addition to this, you cannot expect to get coverage against depreciation, electrical damages, mechanical problems/breakdown, and damages incurred due to DUI, drugs usage and underage driving.

Two wheeler insurance is essential for the safety of the rider and vehicle too. Every insurance firm has something different to offer to the customers. Ergo, always compare two wheeler insurance policies beforehand, never rush in such decisions. Some major two wheeler insurance policy benefits include:

Reducing the financial stress: As discussed earlier, the financial benefit with the two wheeler insurance policy shields the policyholder from unwanted stress. A secure and intelligent 2 wheeler insurance plan can reduce the financial liability as the compensation is handled and carried by the insurance firm.

Gives legal protection: If involved in an accident, the fatal injury to the third person involved can land you in legal hazards and burden. To solve this in general, the IRDA has formulated the rule to have the following two wheeler insurance. It safeguards the rider and the policyholder from legal battles.

Based on the above two types of covers, there are three types of Comprehensive two wheeler insurance with its beneficial features:

Features 3-year long term plan 2-year term plan 1-year package plan
Cover period Three years Two years One year
NCB benefit Additional benefit at term Additional benefit at term As per chart tariff fixed
Renewal frequency Every three years Every two years Every year
NCB benefit after claim Bonus is reduced but not terminated Reduced not nil After claiming for insurance, NCB is terminated
Mid-term cancellation fund Proportional refund even after the policy claim Proportional refund even after the policy claim No refund if claimed
Premium hikes No effect on third party premium during the policy period No impact on third party premium during the policy period Third-party premium increases every year

Two Wheeler Insurance coverage

Every two wheeler insurance policy covers different aspects. Some benefit others only like third party cover and some benefit everyone like a comprehensive plan.

List of Inclusions Under Our Bike Insurance Plans

  • Personal Accident cover: A compensation of up to Rs. 15 lakh is sanctioned for the injuries to riders that may result in temporary and permanent disability under the two wheeler insurance policy. It can be anything from losing a limb, partial disability.
  • Covers under the comprehensive two wheeler insurance plan:
    • Financial loss suffered due to a stolen bike.
    • Liability faced when third party property is damaged due to your bike.
    • Financial loss due to transit of bike.
    • Liability due to physical damage to an individual due to a bike.
  • Theft or Burglary: When an insured bike and any other two wheelers are stolen, the insurance company will compensate the owner.
  • Damage from Natural calamities: No one has control over natural calamities like storms, earthquakes, cyclones, typhoons, hailstorm, inundation, lighting etc. Any loss occurring due to nature is compensated for under the two wheeler insurance policy by the insurer.
  • Loss from Man Made calamities: Just like natural calamities, some man-made incidents are also out of our range. Examples of some man-made calamities are Riots, terrorist attack, malicious act, etc., are covered by the bike insurance company if loss and damage are suffered under the two wheeler insurance policy.
  • Covers under Third Party Two Wheeler Insurance Policy:
    • Liability from when a third party is cancelled due to bike accident
    • Liability from when a third party is physically hurt from an accident.
  • Updated Two Wheeler Insurance Covers after IRDAI's Rule

    WEF August 1, 2020 the new two wheeler insurance policy covers will be implemented. The core guidelines stated in the new rules ask the general insurance companies to withdraw the long-term insurance packaged (3 to 5 years) on 3rd Party and Own-Damage Covers.

    Here are the key changes as per the new policy;

    Insurance Cover IRDAI Regulation - 2018 IRDAI Regulation - 2020
    Long-Term Insurance cover Applicable on 3-year plans for 3rd-Party and Own Damage covers. This rule has been scrapped in the new policy.
    Bundled Package 3rd Party cover - 3 years Own Damage Cover - 1 year Unchanged
    Basic Insurance Cover 3rd-Party - 3 years cover Unchanged

Third-Party vs Comprehensive Two Wheeler Insurance policy

Comparison between the third party and comprehensive two wheeler insurance policy.

Basis of Difference Comprehensive Two Wheeler Insurance Policy Third-party Two Wheeler Insurance cover policy
Coverage It covers the complete settlement of third parties and damages occurred to the policyholder and two-wheeler. It covers only the third party legal liabilities. They only compensate for the affected third party only.
Premium rates The insurance firm itself fixes the premium rates under the comprehensive policy. These are higher and differ for each Insurance Firm. The premium rates are fixed by the Insurance Regulatory and Development Authority of India. They are the same across nations and all firms.
Add ons Based on your requirement, along with the bike insurance, the two wheeler insurance add ons can be selected and paid for. No add ons are available in the third party two wheeler insurance policy.
Coverage limit Coverage is limited to the Insured Declared Value of the two wheeler insurance policy opted for bike insurance. The policyholder and insured vehicles are not covered under this. Only the third party cover is compensated.
Discounts Discounts are provided depending upon the two wheeler insurance policy chosen by the policyholder. Not Applicable here.
Premium Calculation Premium calculation is dependent on various components like the model of the bike, cubic capacity of the engine, Insured declared value and many more. The premium calculation in the third party two wheeler insurance policy is based on the engine capacity only.
Coverage duration It can be yearly, for 2 years or 3 years. Long term two wheeler insurance policy is not necessary for new bikes bought after 2018. It can be on an annual basis or for a long term of 2 to 3 years and for bikes after September 2018 - 5 years
No Claim Bonus NCB are applicable if no claim is generated in a policy year Not applicable
Requirement It is not a compulsion and can be bought if required. It is mandatory by IRDA.
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Which Two Wheeler Insurance Policy Cover suits you best?

The right type of bike insurance cover for any vehicle and the owner depends on the condition of the vehicle. 

Two-Wheeler Type Ideal Insurance Cover
Old Two-Wheeler (>5 years) 3rd Party Cover
Pre-owned Vehicle Comprehensive cover
The vehicle is driven in an area of recurrent floods Comprehensive cover with Engine Protection add-on.
Two-wheeler which is habitual of long-distance driving Comprehensive cover with 24x7 road assistance add-on.
Luxury or Imported bikes Comprehensive insurance with 3 add-ons;
1. Depreciation Shield
2. Engine Protection
3. Consumable Expenses
New two-wheeler Comprehensive cover and depreciation shield add on coverage.

What is NCB in Bike Insurance?

No Claim Bonus applies when an insured person has a claim-free policy term, NCB is a discount on the premium offered or given to the policyholder.

If you are a bike insurance holder and haven’t claimed any type of claim against your bike, then a no claims bonus ranging from a discount of 20-50%, can be earned at the end of the policy term.

If the bike is sold or there is a new bike in its place, then even the NCB will stand by the policyholder itself and is not transferred to the bike.  If purchasing a new bike and a new policy, the no claim bonus from your previous two wheeler insurance policy will be accumulated with the new one.

The maximum amount accumulated in the no claim bonus is up to 50%.

Figures may vary with terms or conditions:

NCB Rate Grid Percentage
After one claim-free year 20%
After two claim-free years 25%
After three claim-free years 35%
After four claim-free years 45%
After five claim-free years 50%

What is IDV in Bike Insurance?

In the cases where the bike is totalled or stolen, IDV is the maximum amount an insured person can receive from the bike insurance policy.

IDV stands for Insured Declared Value; this means that if the IDV of your two-wheeler insurance is higher, your premium amount will be higher as well. With the ageing of the vehicle and depreciation in the IDV lessens the premium paying amount of your bike insurance.

While choosing for the best two wheeler insurance policy for your bike, also keep an eye on IDV being given in the policy, not just the payable amount.

IDV is a concept based on the depreciation of your vehicle and value that keeps on changing with the age of the vehicle.  In other words, the IDV of the two wheeler is inversely proportional to the age.

Those who do not have adequate knowledge try to reduce the premium of bike insurance, and they reduce the IDV of the vehicle. In case the vehicle is stolen, the IDV value is considered as compensation and not the market one. If your IDV is lesser, you are going to be at a loss on the theft or total loss of your two wheelers. 

Zero depreciation in Bike Insurance policy

Zero depreciation in the bike insurance policy is the add-on cover which has to be purchased at an extra premium cost. This policy is applicable for 1 year, and it covers your two wheelers without considering the depreciation factor.

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 add on the cover, if involved in an accident, you will get the entire cost of the losses incurred.  

Age of the Two Wheeler Depreciation for 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%
Inclusions of zero depreciation Exclusions of zero depreciation
Valid for the 1 claim annually or up to two claims in a two wheeler insurance policy term. Damages from normal wear and tear are not claimed via the two wheeler insurance.
Zero depreciation cover is for both new and renewed two wheeler insurance policies. Uninsured items such as tyres, gas kits and fuel kits are not included.
Zero depreciation is most suitable for luxury, bikes, vehicles. Mechanical breakdown is not a part of the scheme.

Zero depreciation is not a part of a policy, to get the add on benefits! Renew it soon after expiration of the two wheeler insurance policy.

Compulsory & Voluntary Deductibles in Bike Insurance

Deductibles are the out of the pocket costs that are charged and paid by the insured person and then the two wheeler insurance coverage kicks in. The deductibles are like the helping costs for the insurance companies.

  • Compulsory Deductible: It is the amount of the loss or damage you have to pay out of your pocket. After that, the insurance company comes into action and pays the balance. The compulsory deductible amount is settled in the settlement amount.
  • Voluntary Deductible: 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.
Compulsory Deductible Voluntary Deductible
Mandatory to all the insured parties. It is optional
Does not conclude any discounts for it Amount deducted is discounted in the policy.
The amount is minimal and does not affect the pocket. It is the amount decided by the insured himself. It is according to the financial position.

10 components of your Bike Insurance Premium

Bikes may be the easiest, but they are one of the most dangerous modes of transportation. They are convenient yet prone to road accidents and damages. Thus bike insurance which protects you completely is required.

For complete coverage, comprehensive bike insurance is most suitable. The third-party cover is mandatory by the IRDA, and the premium for it is fixed by the IRDA as well. But the comprehensive cover is planned and fixed by the insurance firms themselves.

The components involved in the calculation of two wheeler insurance premium are:

  • Add-ons: The add-on option is available with the comprehensive Bajaj Allianz two wheeler insurance policy. Add-ons are the additional benefits which tend to increase the cost of the premium as they are not a part of the policy itself.
  • IDV: The current market value of the vehicle after the depreciation and all. IDV stands for insured declared value. It is calculated by using the IDV calculator or formula:
    IDV = (Listing price stated by manufacturer - Depreciation) + (Additional accessories - Depreciation)
  • NCB: No Claim Bonus is a bonus or in terms of a discount given by the bike insurance company to the policyholder for not seeking a claim during the two wheeler insurance policy period. The NCB is given at the time of renewal of the two wheeler insurance policy.
  • Deductible: Compulsory deductibles are required and are mandatory but do not affect the premium of the two wheeler insurance policy majorly. Whereas, the voluntary deductibles can facilitate a huge difference when it comes to bike insurance premium calculation as it lowers the cost amount.
  • Anti-Theft Features: A vehicle with in-built anti-theft features will invite a lower two wheeler insurance premium because the risk factor of getting the vehicle stolen is less here. In comparison, a two-wheeler with no anti-theft features will invite a higher premium.
  • Make and model: A brand and model are the deciding components of the bike insurance premium. Similar to the cubic capacity, the insurer requires the bike’s registration year for the two wheeler insurance policy premium calculation too. A sports bike will have a higher insurance premium than economic bikes.
  • Age: It depends upon the two wheeler insurance firm whether they consider the vehicle owner’s age as a factor for the insurance premium or not.
  • Location: The location component is situated based on the traffic density of a region. The higher the density of traffic, the more chances of road accidents and vice versa. Bike insurance policies in the metro cities have higher premium amounts compared to other less dense and less populated cities.
  • Cubic Capacity: The cubic capacity is an important factor to raise and decrease the premium amount in bike insurance. The more the cubic capacity, the higher the premium amount goes for the two wheeler insurance. The smaller the cubic capacity, the lesser the premium amount.
  • Additional Concessions/ Special Bajaj Allianz Concessions: To enhance the customer journey, Bajaj Allianz provides optional concessions periodically to its customers.

Steps to calculate Bike Insurance Premium Online

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

Step 2:

From the Menu, enter your two-wheeler make and model.

Step 3:

Choose the location of the vehicle and insurance registration.

Step 4:

Fill in the information pertaining to the No Claim Bonus in the previous year.

Step 5:

After filling in the details, you will get the exact amount of the Insurance premium amount.

Tips to lower your Two Wheeler Insurance Premium

Buying a maximum coverage bike insurance with minimum premium is everyone's preference. Several elements are a part of 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.

Tips to lower two wheeler insurance premium are:

  • Set the Correct IDV: IDV helps decide the two wheeler insurance policy premium. Before setting the premium, the insurance provider checks the market value of the vehicle with the corresponding IDV. If the former is lower than the latter, the bike insurance premium will be less.
  • Opt for Higher Voluntary Deductible: If you choose to include deductibles to 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.
  • Install Safety Devices: A two-wheeler with effective safety devices installation can get a discounted premium.
  • Avoid Small Claims to Avail NCB: Leaving out a small claim in the previous years can add up to the NCB, which will reduce the two wheeler insurance premium for the succeeding years.

Benefits of Buying/Renewing of Two Wheeler Insurance Online

Two wheeler insurance is a basic requirement when purchasing a bike or other two-wheelers. It was a lengthy and detailed procedure earlier. But now it is a quick and hassle-free process of just sitting at your device and fulfilling the essential details asked online.

There are many choices when it comes to a two wheeler insurance policy, but a third party cover is mandatory in India. Buying a bike insurance policy is rewarding because it gives you peace of mind. These are the benefits of buying two-wheeler insurance online:

  • Easily compare bike insurance online with respect to the prices and features of a policy to avail the right policy. All this at your own convenience while shopping for two wheeler insurance online
  • Registering for the two wheeler insurance claims becomes very easy and without passing through the process manually.
  • Paying for the premium of bike insurance online is through most reliable sites and trusted modes as well.
  • Bike insurance policy documents are directly mailed to the email address entered.
  • Self-calculation of your two wheeler insurance policy premium can be done and compared on a mobile device or desktop.

Benefits of Renewing Existing bike insurance online policy:

  • Time-saving: No need to visit and book appointments with insurance agents. Bike insurance online working has been a boon to the community at large. While sitting at the office and on a break, one can easily renew the two wheeler insurance policy and save time and money as well.
  • Already customised: The renewal policyholders do not have to customise the whole plan but just to add a few add-ons benefiting them the most. The new additions are displayed on the screen, and you only have to pay the newly adjusted amount.
  • Transparent process: Working with bike insurance online is a straightforward and stress-free process. It is transparent without any miscommunication or misinformation. Here the customer is presented with the entire gamut of information on the website. What you see is what you get.
  • Paperless work: There is no paperwork involved in bike insurance online. Just a few clicks and steps and you can get your two wheeler insurance renewed.
  • Safe process: Renewing your bike insurance online is the safest process. With no agent in the middle, you can decide for yourself and select and finalise it. No commissions, no explanations. However, if you require, the Bajaj Allianz customer service is always on standby to help you navigate through the process.

Things to consider while Buying Two Wheeler Insurance

Every time one goes out to buy something, considering the cost and benefits of the same is the essential. Same goes for the buying process of two wheeler insurance. Buying bike insurance online policy is the easiest procedure, and one can secure their motorcycle within quickly and safely.

Factors considered when buying two wheeler insurance policy are:

  • Adequate Coverage / Correct Policy Type: In the present scenario, there are two types of two wheeler or bike insurance policies. Third-Party, which is a mandatory plan authorised by the government and Comprehensive Insurance, which covers all areas when it comes to insurance.
  • Claim procedure: Adequate bike insurance comes with the efficiency to easily claim the settlement amount. The claim procedure should be simple, without adding further to the situations where insured one has drained already. Before buying a two-wheeler policy, check the claim settlement ratio online.
  • Bike Insurance Quotes: Premium rates are generally high in comprehensive plans and less in the third party cover. The concept and rate of premium are affected by the two wheeler’s engine capacity.
    The higher the engine range, the more will be the premium. The premium category is further affected by the zones you are in. Zone A is a higher premium than Zone B, which is town and cities with less premium.

Steps to Buy/Renew Two Wheeler Insurance Online

When you buy a new two wheeler, you want it to be safe and work for a long time without costing you too much in maintenance and repair costs. But the safety on the road is just as unpredictable as your next meal.

Two wheeler insurance is mandatory, but it should not be purchased under pressure but as a responsibility towards others and your safety as well.

Getting bike insurance online is the easiest process without the hassle of visiting firms and dealing with agents. In the COVID pandemic, the online system has proven its worth in every field. Consider these steps while buying insurance online:

Steps to buying two wheeler insurance online are:

  • Requirement and Research: Based on your requirement, research for the policy options and plans available. After studying the plans, benefits and other procedures, compare them with the other policies with different insurance firms. Once finalised the firm visits the site to buy the bike insurance cover.
  • Selection and Setup: Selection is never easy. After comparing different sites and options, it becomes easy to select which type of policy you need for your two-wheelers. Visit the website and fill in the details of your two-wheelers. Select the insurance policy you want to buy:

Two options to choose from are:

1. Comprehensive cover policy: This bike insurance policy covers the overall settlement, which includes third party, policyholder, rider and damage repair of the vehicle.

2. Third-party cover policy: Here, the bike insurance company only covers the liability arising from the third party and is compulsory in India by IRDA.

After the selection, set the Insured Declared Value of the two-wheelers, which will get you closer to a payable premium amount.

  • Add-ons if needed: Add-ons are added to get maximum coverage at a lesser premium cost. After including them in the cover you will receive a final quote. If you are confused with the documents or something, contact our customer service representative. They will guide you through this.

Made your decision? Buy your policy here

Just like buying a new policy is easy, renewing the old one is much easier. Try to go for long term policies to save the hassle of renewal every year.

Steps to renew two wheeler insurance online are:

  • Just like buying a policy, renewal of policy is easily done online. Just head on to our two wheeler insurance renewal page & fill in the requested details
  • Fill in the details of the two wheeler variant and previous policy and city of insurance as well.
  • You can modify and alter your bike insurance policy on renewal. Once adding on factors is done with, a new premium quote is finalised. Pay the amount to complete the transaction, and your bike insurance policy is renewed.
  • Documents will be mailed to the registered email address.

Bike Insurance claim procedure

Bajaj Allianz offers many bike insurance policies and covers with add on benefits along with the easiest method for claims. When it comes to claiming a policy, the situation always seems a bit tricky, and one without complete knowledge can feel helpless. To make the two-wheeler insurance claim procedure simple, these following are the steps you can follow:

Step 1: Register your claim

Bajaj Allianz is providing its customers with three ways to register the claim.

  • Option 1: You can register for a two wheeler insurance online by visiting the site > motor insurance claim > register your claim
  • Option 2: Register the claim by talking to their representative. Call on toll-free number 1800-209-5858 and executives will attend you.
  • Option 3: It is the Motor OTS (On-the-spot) feature via Insurance Wallet app. This is for damages less than Rs. 10,000.

Step 2: Documents and details to be handy when filing for a claim:

  • Your contact information
  • Vehicle inspection address
  • Reading of kilometres travelled by the vehicle.
  • Description and location of the accident
  • Accident date and time
  • Policy and two-wheelers registration number

Step 3: Do’s and Don'ts

Do’s:

  • Click the accidental pictures of the vehicle and situation of the accident. Surroundings should be included and as well as the exact position of the vehicle.
  • If you are providing treatment to injured people/ make a note of Hospital and doctor attending.

Don’ts:

  • Do not move the vehicle in the accidental case if it can enhance the damage to your two-wheelers. Check with our network garages for getting benefits of cashless claims.
  • In case of a third party liability: file a police report immediately and forward it to the mail address and call us on the toll-free number. Do not take action or run from the situation.

Once registered, a reference claim number will be received, and the insured person will be updated via SMS. You can always check your claim status by providing your claim reference number with customer care.

Cashless Bike Insurance Claims

Because of the connected garages, the consumers will not have to pay at the partner garages. You can go to the listed garage, get the work done, and do not pay for the items covered under the policy. The insurance provider will pay directly to the garage.

Reimbursement Bike Insurance Claims

Reimbursement claims work in the same fashion as the majority of insurance claims do. You will have to pay at the moment and collect all the bills, which can then be used to claim the money spent earlier.

Second-hand Bike Insurance Online

Second-hand bikes are readily available in the market at much lesser prices and without hassle as well. Just like the other two-wheeler insurances, the second-hand bike insurance is a basic and mandatory requirement as well. It is just like other policies that protect you and your bike from damage and losses caused to the third parties and self.

Before getting a bike insurance policy for a second-hand bike, check whether the previous owner has an insurance policy or not. If yes, make sure that you get the insurance transferred in your name within the 14-days of purchase.

  • Also, make yourself familiar with the previous insurance history of the vehicle.
  • In some cases, if you have had a bike insurance policy for another bike in your name, you can also transfer the NCB to the existing insurance policy.

Avail Old Two Wheeler Insurance Policy in India

When a two-wheeler is purchased, the extent of depreciation increments. Buying coverage for a bike which has been used over the years and is depreciated is considered as Old Two Wheeler Insurance. Choosing third-party insurance or comprehensive bike insurance is your decision entirely.

Factors to consider before Insuring an old bike are:

  • Depreciation: With the increase in the age of the old bike, the depreciation amount also goes higher. Before buying any bike insurance policy, check the depreciation amount applicable to the value. In case of an accident, the compensation will be based on the depreciation itself.
  • Comparison: Before buying any bike insurance, make sure to go through the different options available. You can check different quotes for two wheeler insurance online or offline through agents present. The terms and conditions specified should be clear and thorough to avoid miscommunication. Compare all the options and decide the one which suits you the best.
  • Utility: The utilisation of anything is best known by its owner. When it comes to an old bike, insurance might get costlier to you unless chosen wisely. When the vehicle is old, the IDV is lesser as well as the premium. Match the IDV with the utility to select an insurance plan.
  • Policies: The list of bike insurance insurance companies in India is extensive. Each one has different terms and conditions with bike insurance policies differing at certain points. Before opting a specific plan, analyse your options and match them with your requirements to benefit with the best. Never rush with the first option that came across.

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Documents required to avail Bike Insurance Online

Documentation record is the base of the bike insurance online. List of documents needed are:

  • Proof of identity ( Ration card/ voter id, Driving licence/ passport)
  • Registration certificate of the bike
  • Old policy number for NCB, if have.
  • Proof of address ( voter’s ID card/passport/Aadhaar)

Why Two Wheeler Insurance? Watch the video to know more.

Your two wheeler gives you a sense of freedom and our Bajaj Allianz long term insurance policy has been designed to keep you secure for 3 years. Watch this video to know more!

Bajaj Allianz Add-on covers for your Two Wheeler Insurance policy

Add ons are the additional, but chargeable benefits covered under the comprehensive two wheeler insurance policy. These can be selected by choice of the policyholder and the requirement of the policyholder. These are charged to the bike insurance premium amount. The special add ons are for those who are willing to pay the extra charges to gain better facilities. Some of the most frequently used add ons are:

EMI Protection

After an accident, if the bike is being repaired at the certified and approved garage, the insurer will pay the EMI’s of the insured vehicle under the EMI bike insurance and protection cover. Read more

EMI Protection

After an accident, if the bike is being repaired at the certified and approved garage, the insurer will pay the EMI’s of the insured vehicle under the EMI bike insurance and protection cover.

Zero Depreciation Add On

With age and usage, the two wheelers depreciate. Then the depreciation is deducted when a claim is generated, and the insured person gets a lesser amount of the claim settlement and has to go through the pocket expenses as well. Read more

Zero Depreciation Add On

With age and usage, the two wheelers depreciate. Then the depreciation is deducted when a claim is generated, and the insured person gets a lesser amount of the claim settlement and has to go through the pocket expenses as well.

A zero depreciation cover under the two wheeler insurance policy has proven to be useful when it comes to a claim settlement. Under this additional cover, the depreciation is not calculated, and the full amount due for the claim is compensated. The bike insurance company pays for all the expenses incurred without suffering any loss from depreciation.

NCB Protect Add On

As maximum policyholders are aware of the no claim bonus, where the bonus is given after two wheeler insurance. This bonus under the ambit of a two wheeler insurance policy gives you a discount on the premium at the renewal of the bike insurance. Read more

NCB Protect Add On

As maximum policyholders are aware of the no claim bonus, where the bonus is given after two wheeler insurance. This bonus under the ambit of a two wheeler insurance policy gives you a discount on the premium at the renewal of the bike insurance.

If a policyholder does not seek a claim on the two wheeler insurance policy, the percentage of the bonus is increased with each passing year. But if once a claim occurs, the NCB is lost. This add-on protects your no claim bonus and your bonus is safe even after generating a claim.

Helmet Cover

When involved in an accident, your helmet is partially or damaged, the two wheeler insurance company will pay for the repair or replacement of the helmet damaged in the accident. Read more

Helmet Cover

When involved in an accident, your helmet is partially or damaged, the two wheeler insurance company will pay for the repair or replacement of the helmet damaged in the accident. This cover add-on provides you with an allowance to purchase the same model and type of helmet.

24x7 Roadside Assistance Add On

The roadside assistance two wheeler insurance cover add on has been beneficial to those riders who travel long distances much more frequently than the others. If your bike breaks down in the middle of the road and you have no source to take it to the garage, contact us. Read more

24x7 Roadside Assistance Add On

The roadside assistance two wheeler insurance cover add on has been beneficial to those riders who travel long distances much more frequently than the others. If your bike breaks down in the middle of the road and you have no source to take it to the garage, contact us.

The add on provides you 24*7 support in any roadside assistance situations. The roadside assistance two wheeler insurance add-on compensates for flat tyres, jump-starting the bike, breakdowns and other electrical problems, fuel assistance, electrical or mechanical breakdown, towing, delivery of repaired two-wheeler, urgent relay of the message, etc.

Engine Protection

Several people choose to supplement the basic bike insurance package with the engine protection two wheeler insurance cover. However, the additional coverage may depend on the area of operation. Read more

Engine Protection

Several people choose to supplement the basic bike insurance package with the engine protection two wheeler insurance cover. However, the additional coverage may depend on the area of operation. Our engine protection two wheeler insurance policy cover protects you in case of water ingression, gearbox damage, and lubricant leakage, among others.

In addition to this, you will get protection for replacing or repairing the pivotal engine parts. Things like pistons, cylinder head, crankshaft are covered under this bike insurance package.

Consumable Expenses

In case of damage to the motor vehicle, the add-on two wheeler insurance cover including consumable expenses will provide coverage for all types of motor vehicle oil, refrigerants, coolants, Read more

Consumable Expenses

In case of damage to the motor vehicle, the add-on two wheeler insurance cover including consumable expenses will provide coverage for all types of motor vehicle oil, refrigerants, coolants, electrolytes, fluids, nut, bolt, screw, filters, bearings, washers, clips and other similar items that are a part of the vehicle. 

Personal Accident Cover for Pillion Rider

The safety of a pillion rider is on you just like your safety itself. This pillion rider cover under the bike insurance policy is beneficial when the secondary rider is injured in an accident riding with you. Read more

Personal Accident Cover for Pillion Rider

The safety of a pillion rider is on you just like your safety itself. This pillion rider cover under the bike insurance policy is beneficial when the secondary rider is injured in an accident riding with you. The two wheeler insurance policy add-on covers the treatment cost for the co-passenger or the pillion rider.

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Thank you for your interest. We will send you a reminder when your policy is due for renewal.

Why should you Renew Expired Bike Insurance immediately?

Everything is based on the benefits being accumulated and the lack thereof. Getting your two-wheeler insurance to renew an expired bike immediately is for your safety and peace of mind. Renewing an expired bike insurance policy is also very easy nowadays and is just a few steps and clicks away. Just enter your details.

The steps for renewal of the bike insurance policy;

1. Check the two wheeler insurance online quote for the renewal premium for expired bike insurance.
2. Modify your bike insurance according to your necessity.
3. Fill the details asked and your previous policy information.
4. Set the IDV and add on required.
5. Instantly pay online for the same.

Reasons to Renew expired bike insurance are ;

1. Punishable offence: Driving without the mandatory third-party bike insurance or any insurance is a punishable offence. If the policy is expired, even with the benefit of NCB accumulated, insurance firms are not liable in case of any accidents to the expired insured vehicles.

2. Policy lapse: If your bike insurance is expired and hasn't been renewed yet, your policy can lapse, and the insurance company will not be entitled to anything.

3. No Claim Bonus: The benefits of no claim bonus are terminated if the 2 wheeler insurance is not renewed within 90 days of the date of expiration.

Knowing what your policy covers helps you choose the right insurance plan

Important points to note before buying Two Wheeler Insurance

  • Inclusions
  • Exclusions

Losses and Damages Suffered Due to Natural Calamities

No one has a say or control over nature. Our Two Wheeler Insurance policy covers losses suffered due to natural calamities such as fire, explosion, self-ignition,

Read more

Losses and Damages Suffered Due to Natural Calamities

No one has a say or control over nature. Our Two Wheeler Insurance policy covers losses suffered due to natural calamities such as fire, explosion, self-ignition, typhoon, flood, hurricane, storm, tempest, cyclone, frost, landslide and rockslide.

Losses and Damages Suffered Due to Man-made Calamities

While rapid urbanisation has promoted growth, it has also made us vulnerable to man-made calamities. Our Bike Insurance Policy provides coverage against theft, burglary, riot, strike, terrorist activities,

Read more

Losses and Damages Suffered Due to Man-made Calamities

While rapid urbanisation has promoted growth, it has also made us vulnerable to man-made calamities. Our Bike Insurance Policy provides coverage against theft, burglary, riot, strike, terrorist activities, or accidents by external means. Protecting your bike everywhere, our policy also covers damages suffered during transit via rail, road, air, inland waterway, lift and elevator.

Personal Accident

Our personal accident cover of Rs 15 lakhs gives you, the owner-driver, the financial muscle to bear treatment costs following an accident involving your bike. Coverage is offered for accidents when you are

Read more

Personal Accident

Our personal accident cover of Rs 15 lakhs gives you, the owner-driver, the financial muscle to bear treatment costs following an accident involving your bike. Coverage is offered for accidents when you are driving the bike, traveling on it, mounting or dismounting from it. What’s more, you can also add a personal accident cover for the pillion rider with our policy. 

Third-party Legal Liability

As it’s mandatory for all vehicles running on Indian roads to have third-party cover, our Comprehensive Two Wheeler Insurance Policy covers you financially from the losses, injuries or death suffered by a third-party as well.

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Aging of the vehicle

Normal wear and tear are not included under bike insurance policies. 

Mechanical breakdown

A visit to a mechanical shop is excluded. 

Stunt performance

Damage from stunts with the bike is not covered under the two wheeler insurance policy.

Mishaps without License

If driving without a valid license, no losses will be compensated. 

Driving under drug influence

Any mishap while driving under usage of drugs and alcohol is not included. 

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Customer Stories

Average Rating:

 4.6

(Based on 16,977 reviews & ratings)

Faiz Siddiqui

Faiz Siddiqui

Bajaj Allianz executive was very helpful and easy to use. I never had a problem with your service.

Rekha Sharma

Rekha Sharma

Very user friendly, easy to use and quick response on CHAT and completed the online process while chatting.

Susheel Soni

Susheel Soni

This was awesome experience with customer case to buy a new bike insurance with Bajaj Allianz. Thanks

Two Wheeler Insurance FAQs

Why do I need to insure my two wheeler?

Not only has the government made it mandatory to get insurance for every two wheeler running on the road. The insurance also provides the following benefits;

  • Covers medical cost incurred during an accident.
  • It also covers the cost and repairs of vehicle parts.
  • Provides financial protection against theft, fire accidents and natural calamities.

Is two wheeler insurance mandatory?

Two wheeler insurance is made compulsory by the government because it protects the victim from potential losses caused due to accidents. The vehicle is also protected against any damage caused by theft, fire, accidents, riot, explosions, and damage caused due to natural disasters such as landslides, floods, earthquakes, storms, etc.

What are the types of two wheeler insurance in India?

There are two types of two wheeler insurance plans offered by insurance companies.

  • Third party insurance: This insures you from all the financial losses you cause to a third-party and their vehicle. This has been made mandatory by the government to take this bike insurance without exception.
  • Comprehensive insurance: This includes third party insurance, covers two wheelers from accidents, fire, theft, natural calamities and also covers the medical expenses of the person. The comprehensive bike insurance cover doesn’t shield your bike against depreciation (wear and tear with time). You can save the depreciation by choosing a Zero-Depreciation add on.

What are the different types of vehicles that can be insured online?

Insurance portal provides various types of insurances such as: -

  • Car insurance (New/Old car)
  • Bike insurance
  • Commercial vehicle insurance
  • Taxi insurance

What are the documents required to buy bike insurance online?

The benefit of purchasing a two wheeler insurance online is that it requires minimum documentation and simple process. The proposer needs to provide basic personal details and details of the two wheeler (engine number, chassis number, registration number, vehicle manufacturing details etc.) that needs to be insured.

In which all cases, an inspection of vehicles is mandatory?

The inspection process is carried out at the time of buying a new two wheeler insurance policy or at the time of renewal. Other factors leading to inspection are:

  • When the claim is registered against any damage.
  • When there is a change in the policy type.
  • When new accessories or equipment are added or if there is a change in the ownership.

Once the inspection request is raised online, how long does it take to get the policy?

Once the inspection request is raised online, the inspection will occur within 24 to 48 hours, followed by an online recommendation made by the surveyor to the owner.

Within 48 hours, you will have to log-in to the website and convert your policy. In case of failure in converting the two wheeler insurance policy within the time frame, you have to go through the entire process again.

How do I get a duplicate copy of my two wheeler insurance online? Will the printout of the softcopy serve as the original document?

Various portals offer users to download a copy of the two wheeler insurance online. You just have to log in to the insurance website and click on your profile. A soft copy will be available for download, and a printout of this document will serve as the original policy document.

In case I change my job and location, what happens to my two wheeler insurance policy?

The policy will remain unaffected despite movement. However, address change and contact details would need to be updated, which can be done online or at the nearest branch. Also, the two wheeler insurance premiums can change depending on the registration zone as metropolitans have a higher premium rate than the rest of the country.

What is a premium bearing endorsement?

A bike insurance premium bearing endorsement is the proof of the agreed change in the two wheeler insurance policy, which will attract an additional premium for alterations that you make to your insurance policy document like transfer of ownership, change of RTO, etc.

What is a non-premium bearing endorsement?

A non-premium bearing endorsement is a type of endorsement where you do not have to pay for the alterations or changes you want to make to your insurance policy document. Like the correction in contact details, name correction, rectification in the engine or chassis number, the addition of hypothecation, etc.

Can I take insurance policies from 2 different companies for the same vehicle at the same time?

No, a person can have only 1 two wheeler insurance policy for a bike at a time. In case a person has 2 policies, they have to cancel 1 of them from either of the insurance companies.

How are my accidental hospital expenses covered in two wheeler insurance policies?

Personal hospital expenses can be reimbursed by adding two wheeler insurance cover, namely; Compulsory Personal Accident (CPA) for the owner-driver. The medical expenses can be claimed for anybody's injury, partial disability, permanent total disability, or even death. It is also mandatory under law.

In case the insured suffers injuries as a result of the accident and requires hospitalisation, the insured will be provided with a cash allowance to meet the expenses. The cash allowance can be availed up to 50 days from the date of admission to the hospital.

Which bike insurance policy would be suitable if I have a two wheeler on loan?

A comprehensive two wheeler insurance policy is the most suitable plan riders should purchase as it provides comprehensive protection against damages to your vehicle as well as damages to the vehicle or property of the third party. It also protects the policyholder against the theft, loss of the two wheeler, and cover on your vehicle against several calamities.

How to find my bike insurance policy number?

You can find your bike insurance policy number in the following ways:

  • Contact your broker/agent from whom you bought the policy.
  • Look into your policy document.
  • Check your email because policy details are also sent via email.
  • Login to the insurance provider website.
  • Contact customer service through email, chat, or telephone.

How to check bike insurance status?

Checking the status of the two wheeler insurance policy has become a lot easier these days. It can be done by following methods.

  • You can log in with your registered User-id and Password on the portal and check the status of bike insurance online.
  • You can also connect with your service provider's customer care team through email or call to know the status of the policy.
  • Contact your broker or agent who sold you the policy.
  • You can also check the status via the Insurance Information Bureau (IIB).
  • Insurance policy status can also be checked via VAHAN e-Services.
  • You can also visit your district RTO office to check all the details, including its policy status.

Who is third-party in an accident?

In an accident, a Third party is referred to as a person who is not you, the first party is the insured, the second party is the insurer, and the third party is the person involved in an accident. 

How does a two wheeler insurance work if someone else borrows my bike?

The two wheeler insurance company will cover only you for your bike, which is registered under your name. The bike insurance company will not settle the claim if someone else was riding your bike and damaged it in the process.

Do I need motorcycle insurance to ride someone else's bike?

Yes, two wheeler insurance is needed to ride someone else’s bike because while riding the bike, if by chance you get into an accident, you won’t be eligible for an accident claim as you are not the registered user of the bike. It is best to have the bike insurance in your name as it can protect you from all financial liabilities. 

Once you get the bike insurance, you can avail all the policy benefits and can apply for the claim easily in case of theft and accident if you have a valid driving license.

What is the penalty that I may incur if my two wheeler is uninsured?

The penalty of driving without two wheeler insurance is now fixed at INR 2000  and/or imprisonment for up to 3 months. Not only penalty but the Government also provides strict punishment in case of death (5 Lakhs) or grievous injuries (2.5 Lakh); hence it is advisable to at least hold third party insurance to drive legally and avoid the inconvenience of litigation.

How can I make changes to the policy after receiving the policy document?

Changes to bike insurance policy document can be made in the following circumstances,

  • Correction in name, registration number, engine number, chassis number, or model number must be made.
  • Correction or change of address
  • Change in the vehicle, RTO, or registration.

These changes can be carried out by providing a written request to the insurer, e.g., request at Branch, request through customer service or customer service portal.

What is a total constructive loss (TCL) of the bike?

A total constructive loss is also referred to as TCL. This would mean the cost of repairs in case of damage would exceed the cost of the vehicle or the insured limits.

What documents should I submit to get concessions on two wheeler insurance on the basis of my age and occupation?

Insurance companies approved by the Insurance Regulatory And Development (IRDA) provide several discounts such as lower premiums for vehicles fitted with approved systems like anti-theft devices, having membership of reputed automotive associations. The documents proving the membership and installing the anti-theft devices in vehicles need to be submitted for availing of the discounts.

Some bike insurance companies also offer concessions on purchasing the policy online using credit cards or certain apps.

Can I replace a new vehicle in my current two wheeler insurance policy?

Yes, you can replace a new vehicle in your current two wheeler insurance policy. For this, the policyholder should contact the insurance company coordinators to make significant changes in the current two wheeler insurance policy.

Can I cancel the policy during the tenure of the policy?

Yes, the bike insurance policy can be cancelled during the policy year under the following circumstances:

  • In the case of ownership transfer, the existing policy can only be cancelled when documentary evidence of an alternative arrangement is made to support the insurance.
  • The insured should have made arrangements for coverage, at least third party liability, and should be able to produce documentary evidence.

Why should I buy comprehensive insurance policy when law mandates only third party, injury, and death or property loss?

As compared to third-party bike insurance, the comprehensive insurance policy for bikes provides extensive coverage to the insurer, often the following are covered under comprehensive policies.

  • Damages to the vehicle due to accident
  • Theft, vandalism, natural disasters
  • Legal liability to third-party
  • Personal accident cover
  • Damage to third party etc.

Can I get NCB on the expired insurance policy?

NCB, referred to as No Claim bonus, is received by the insured in case they do not seek a claim during the bike insurance policy period. NCB or No Claim Bonus can be carried forward provided the policy is renewed within 90 days of the expiry date of the previous policy

What if my two wheeler insurance policy is misplaced?

In case your two wheeler insurance is misplaced, you can get it reissued from the insurer. You can request a duplicate copy offline.

  • Inform Your Insurance Company
  • File a First Information Report (FIR)
  • Advertise in Newspapers
  • Write an Application to Your Insurance Provider
  • Sign an Indemnity Bond

Online Process

  • Visit your insurance provider’s online portal or website.
  • Enter the policy details such as policy number, etc.
  • You can now view, print, or download your bike insurance policy online.

Can I renew Bike Insurance online?

Yes, Bike insurance can be renewed online, one can avail this feature by directly logging into the insurance company portal or various portals / mobile apps which provide online insurance facilities.

What documents do I need to renew my Bike Insurance?

Documents required for two wheeler insurance renewal are:

  • Address proof documents (driving licence/passport/passbook).
  • Recent passport-sized photograph.
  • Old insurance policy number.
  • Two wheeler registration certificate number and registration number.
  • Proof of identity (Aadhar/Passport/Ration card/ Voter ID etc.).

All these documents are to be submitted along with the insurance renewal form.

Can I transfer my bike insurance policy to the new owner, if I have sold my vehicle? What’s the procedure to do it?

Yes, the insurance policy for the bike can be easily transferred to the new owner. The new owner of the bike should submit an application to the insurance company within 14 days of the registration transfer. The documents required are:

  • RC of the bike.
  • The original document of the bike.
  • Address proof of the new owner.
  • Passport size photographs of the new owner.

Once these documents and the transfer charges are submitted, the insurance company will start the transfer process.

What happens if my Two Wheeler Insurance expires?

If your two wheeler insurance has expired, you can renew the policy by making payment online, and the policy period will start after 3 days of receiving the payment. The policy will lapse when you do not pay the premium to renew the policy on time. There is a grace period of 90 days to renew the policy. Benefits like No Claim Bonus (NCB) will be lost if the policy has lapsed for more than 90 days.

What is Break in insurance? What should I do in case of Break in insurance?

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, and in case if your vehicle faces any issues, it will not be covered in the policy. No Claim Bonus (NCB) gets fortified, and the insurance company can also increase your premium for the next cycle if the policy is not renewed within the grace period of 90 days.

In the case of a break-in, you can renew your break-in policy easily online, and it gets instantly activated. A soft copy of the policy will be sent to your registered email address, and the policy will be completely active after a few days from the date of payment.

My bike insurance policy has expired. How can I renew it in case of a break-in of my policy?

There are two ways to renew the expired policy in case of a break-in period, i.e., online and offline.

Online mode:

  • Log in to the official website of the insurance company.
  • Enter the required details like vehicle registration number, policy details, etc.
  • Make the payment using the available payment method and complete the transaction.
  • Once done, a soft copy of the policy will be sent to your registered email address, and the policy will be completely active after a few days from the date of payment.

Offline mode:

The policy can be renewed by visiting the branch of the insurance company and submitting the required documents. In this case, an inspection of the bike will be done along with the document verifications.

What is the rate at which NCB is transferred?

No Claim Bonus (NCB) is a reward given to the bike owner by the insurance company if they do not register any claim during the policy tenure. The range of the NCB is from 20% on the own damage premium and increases to 50%, with an increase at every consecutive claim-free year.

The NCB will be transferred at the same rate that you are getting from the previous insurance provider at the time of the policy renewal. You need to provide the following documents:

  • Letter confirming the NCB entitlement from the previous insurance company.
  • A written declaration and the renewal policy document.

Is pillion rider a third party?

A pillion is a person who sits behind you in a two wheeler/bike. The pillion rider is considered a third party and will be covered under the terms and conditions of the insurance policy pertaining to an accident. 

Can I transfer my accumulated NCB from one insurer to another?

The NCB or No Claim Bonus is awarded to the policyholder. It can be transferred from one insurer to another at the same rate that you are entitled to get from the previous insurance company on policy renewal. The NCB can be availed, provided you show evidence that you are entitled to NCB from your previous insurance company.

What can be done to renew my two wheeler Insurance during Coronavirus Lockdown?

In case your two wheeler insurance policy needs to be renewed during the coronavirus lockdown, you should immediately get in touch with your insurance company and complete the renewal process. Renewing the policy online is the best renewal method during the lockdown as this process will be completed safely online, hassle-free and in a touch-free manner.

What happens to my two wheeler insurance policy in the event of my death?

In the event of the death of the policyholder, the insurance policy is transferred either to the legal heir or to the Nominee of the policyholder.

In case no Nominee is listed in the policy, the policy will be transferred to the legal heir. To do so, the policyholder's family will need to inform the insurance company to take the appropriate action.

What risks are covered under a Bike Insurance policy?

Depending on the type of policy chosen by the insured person, coverage can vary.

Third-party insurance:

  • Third-party liability
  • Third-party property damage
  • Personal accident cover

Comprehensive insurance: in addition to the above following are also covered.

  • Own damage
  • Vehicle theft
  • Natural/ Man-made calamities

One can include several add-on riders to these policies in order to enhance the risk cover.

What risks are not covered under an insurance policy for bike?

Several risks which are not covered under a two wheeler insurance policy such as damage of the vehicle under an extreme condition like war, damage due to depreciation, normal wear or tear, damage due to driving under the influence of alcohol or substances, damage done by a non-licensed driver, etc. 

What is a Third-Party Liability Cover? Is it part of my Bike Insurance Policy?

Third-Party Liability Cover, as the name suggests, covers the legal liability one has to pay to the third-party to whom damage is being caused- injury or damage to their property. While opting for 2 wheeler insurance, one has to choose between the comprehensive and third-party policy. Comprehensive policy not only covers the third-party liability but also covers the damage to your vehicle.

What is PA cover in a two wheeler Insurance? Is it Mandatory?

PA cover is a Personal Accident cover. Under the Bike insurance policy, compensation will be paid under the condition of accidents leading to injuries, permanent disability of any body part, or death. Yes, to have a Personal Accident cover by a two wheeler driver and owner is mandatory.

What is a long term two wheeler Insurance and what are its benefits?

In 2019, the Insurance Regulatory and Development Authority of India, also known as IRDA, permitted long-term 2 wheeler insurance policies to have a time window of about three years. There are several benefits, including over 30% discount, no need for annual renewals, no annual checking of the vehicle, and many more.

What do you mean by Add-On cover?

Add-On cover means the additional coverage one buys to secure against various payments. These add-ons are optional to one's standard policy but are very beneficial and provide extra security. One creates the extended version of the policy; moreover, these can be bought with the policy plans like standalone own-damage bike insurance as well as comprehensive bike insurance.

How do add-on covers impact the premium of my bike insurance policy?

Add-on covers the impact of the premium of your bike insurance policy by giving you the possibility of getting the maximum amount of claim in any situation of the damage. The benefits and the level of security add-on lend to the policyholder negates the amount of extra premium is seen as minimal in comparison.  

How many add-on covers can I add to my bike insurance policy?

As add-on covers are purchased with the sole aim of extended coverage to any liability, there are as many add-ons available with Bajaj Allianz two wheeler insurance. There is no limit to the amount of several add-ons covered one wants to purchase with one's insurance policy.

If I buy new accessories for my vehicle during the policy tenure, can I get them insured in the middle of the insurance policy term?

In the case of bike insurances, rarely, the accessories added later on are again getting inspected. Still, in case of getting a claim, generally, the liability to them is covered under specific add-on covers. The company is not liable to give the claim of the non-insured expensive accessories.

What are electrical and non-electrical accessories? How do you calculate their value?

Electrical accessories such as fog light, which is not factory fitted, and non-electrical accessories, include a leather seat. The amount for the premium is calculated based on the amount of the accessories and the percentage margin. The insurance company usually sets differently based on the price of these accessories.

What is bumper to bumper coverage under two wheeler Insurance?

A bumper to bumper insurance cover is a vital add-on cover for the owner of a two wheeler. It provides the claim of the normal wear and tear of the vehicle, which causes the depreciation in its value. Without this add-on coverage, the claim is not provided to the insured.

Is my bike insurance coverage valid pan India?

While taking the two wheeler policy, one has to specify the region or location where the vehicle will be driven to estimate the premium. But the insurance policy is liable to pay for the claim even if the accident or damage occurs in a different region as the insurance coverage is valid in pan India. One must read this under any policy before taking it. 

What is a two wheeler insurance premium?

The two wheeler Insurance Premium is the amount that the insured has to pay to the insurance company for their vehicle to secure them from liability coverage in the future. This amount is calculated on several bases like the model, city one rides it in, add-on covers, electrical/ non-electrical accessories, registration date, etc.

Does the two wheeler model affect the cost of two wheeler insurance?

Yes, the model of the two wheeler will affect the cost of two wheeler insurance. Generally, the premium charged for the basic two wheeler models is lower than the latest models of several status bikes. It is so because the company will pass the claim for the insured two wheeler and not for the repair.

Which factors will affect/reduce bike insurance premium quotes while buying two wheeler insurance online?

While buying two wheeler Insurance Online, the factors that will affect/reduce the bike insurance premium are the mode of payment. Digital payments will reduce premium as a discount, and if the limit of the third party policy is increased, the premium is reduced. Rest are all the basic factors that affect bike insurance in general.

What are the different modes of payment for bike insurance?

There several different types of payment options a customer can opt for purchasing bike insurance. Usually, the insurance company offers both physical and digital payment options. Physical payment modes such as cash, credit card, debit card, and cheque deposits and Digital payment such as Google pay, online credit/debit card transaction, etc. 

If there is TP premium revision during the currency of the policy, whether additional premium will be collected from the customer?

No, even if there is a third-party premium revision during the currency of the policy, the additional premium will not be collected from the customer. However, at the time of the next insurance policy renewal, the premium will be charged according to the revision in the third-party insurance policy.

Is the premium calculation logic the same for commercial and private vehicles?

No, the premium calculation logic is not the same for commercial and private vehicles. Commercial vehicles are put into use more often and have a higher risk quota. Hence the premium calculation logic charged for these is different and slightly higher than the premium calculation logic charged for the private vehicles.

How does GST affect two wheeler insurance plans?

After calculating the premium, GST is the tax applied on it @18%, due to which the amount of premium to be paid by the customer increases. After calculating the premium, the GST is applied at the end, including add-ons and all electrical and non-electrical accessories.

What is ARAI?

ARAI stands for the Automotive Research Association of India. All different types of engines or the vehicles which are used in any sort of automotive and non-automotive purposes are certified and tested authentically by this agency. It is India’s authorized agency to carry on such affairs and more.

Am I eligible for a concession if I am a member of the Automobile Association of India [AAI]?

No, there is no such concession offered to the members of the Automobile Association of India in the insurance premiums. No doubt they get many incentives and concessions on loans but not in the insurance policies.

Can I pay two wheeler insurance premiums in installments?

No, you cannot pay the two wheeler insurance premiums in installments. The reason behind this is the possibility of claiming in case of any damage while the insured has not paid the full premium amount. In this condition, the insurance company will be liable to pay for the loss of the insured even though he has not paid the full premiums.

Can I get my money/unused premium refunded?

No, there is no such option provided to the customer to get his/her money/unused premium refunded. Although the insured has not made any claim in the policy period, they are awarded the NCB discount in the premiums when renewing the policy.

Will the premium for my two wheeler increase after a claim?

The premium for a two wheeler is discounted under the NCB discount rate every year. If one has taken the claim, then this discount account will be cleared, and the insured at the time of policy renewal will have to pay the premium at original rates. Yes, the premium will increase without applying the discount.

Why does my bike insurance premium change during renewal?

The bike insurance premium changes during renewals due to several factors like depreciation, add-on covers, the model, the additional accessories, etc. Due to these factors, the premium can increase as well as decrease every year.

How NCB will be computed at the time of renewal?

The No Claim Bonus is computed at the time of renewal depending upon the consecutive years where the insured has not applied for any claim. The No Claim Bonus discount can reduce the premium to a maximum limit of about 50%. Its discount percentage increases every year.

How do I register my claim?

At first, one has to fill the form either online or get the Claim Intimation form from the insurance company office. Fill in all the columns and details regarding the accident, vehicle number, driver's license, RC copy, copy of Insurance policy, etc. This is the first step to proceed with the insurance claim.

What are the details that need to be kept handy while registering a bike insurance claim?

The details/documents that need to be kept handy while registering the bike insurance claim are a photocopy of RC, photocopy of Insurance policy, affidavit, FIR if any, Driver's license, medical reports, damage vehicle photographs, etc. All these documents are very necessary to proceed with the claim.

When should I report to the police?

Immediately after the accident, the insured is accountable for reporting to the police as soon as possible. In case of severe injuries incurred by the insured, the person or their known has to report within 24 hours of the accident.

What is a cashless and non-cashless/reimbursement claim?

The cashless reimbursement claims mean the insurance company will get your vehicle repaired after the accident itself and won't pay you for the damage. The non-cashless reimbursement claim means the insured will pay first for the entire repair for the vehicle and submit the documents and bills to the insurance company. The company then pays the amount to the insured.

Where can I view the list of cashless garages in my city?

The list of the garages where the insurance companies have their tie-ups to precede the cashless reimbursement is usually available at their websites in case of online bike insurance or their office one can enquire about them. 

Is there a time window for filing a two wheeler insurance claim?

Yes, there is a time window for filing a two wheeler insurance claim. The time window to register and submit the claim intimation is 24 hours. In only severe conditions of medication, the period may be extended, but basically, it is 24 hours.

What does the surveyor check during the claim process?

The surveyor enquires about the entire incident. He/she will take the photographs of the damaged vehicle, check the driver's license, RC copy, Insurance copy, Affidavit in case no damage is caused to the third-party, FIR if any. Lastly, the surveyor will form the case report and later submit to the company to proceed with the claim.

What is the minimum amount of claim, to process the claim intimation?

The minimum amount of claims starts from 1000-1200 rupees to process the claim intimation, but it rarely happens. This is so because of the advantages of not taking the claim, that is, the No Claim Bonus discount, which the insured will receive at the time of the renewal of the policy.

How many claims can be reimbursed in a policy period?

The number of claims that one can reimburse in a policy period depends upon the policy period. In an annual policy, the number of claims one can avail of is 3. In long-term policy, the total number is 9, 3 per year. If the number of claims exceeds 3 a year, the insured will not get any security amount.

How much time does it take to claim a settlement?

Time taken in the process of claim settlement varies due to several components. If all the documents are submitted, and there is no delay in the court process, then the maximum time for the settlement is 10-15 days. Otherwise, the settlement can take as long as 30-45 days.

How do I claim if my bike is vandalized or damaged due to an accident or natural calamity?

The instances of vandalism, damages due to an accident, or natural calamity come under the purview of the own-damage claim. In this case, the insured has to immediately inform the insurance company, and the latter will ask a surveyor to review the situation.

Based on the findings and observations of the surveyor, the claim can be processed. However, in Bajaj Allianz cashless service, the insured can take the bike to the garage and get the repairs done without paying anything. The company will compensate the partner garages for the work done.

In what scenarios can I make a PA claim?

PA stands for the personal accident insurance claim. In different scenarios under the period of the insurance policy, if the insured went through the accident and got some injury, any permanent disability is incurred, or he died, then one can raise the PA claim.

What to do if my motorcycle is lost or stolen? Can I get any benefits for my bike insurance policy?

In case of a stolen or lost motorcycle, register an FIR immediately with the nearest police station and then contact the insurer. While seeking a claim, the following documents must be submitted;

  • Claim assessment form
  • Original FIR copy
  • DL, RC, and insurance documents copy
  • Transfer papers from the RTO
  • Bike keys

Lastly, it is imperative to get a No Trace Certificate, which can be acquired from the police after a month of the theft.

For benefits, only a comprehensive insurance policy can cover the insured against theft.

How much will I get paid for a bike damage claim?

There are several cases of damage claims of the bike. In the case of fixable damage, the company either opts for cashless/non-cashless reimbursement. In both cases, approximately all the damage is covered by the company. In the case of the total loss of the bike, the company pays 60% of the amount, but it is different under different insurance policies.

Can I ask for some advance in case the repair charges are very high?

No, you cannot ask for any amount as advance even in case of high repair charges, as under non-cashless reimbursement, you have to pay the bills of the repair on your own at first and submit the necessary documents and bills, then you get the claim.

Can I choose not to claim if the damage is minimal? What do I gain out of it?

Yes, you can choose not to claim if the damage is minimal. This is to avail of the discount from No Claim Bonus. The No Claim Bonus discount is awarded at the time of renewal of the policy. The discount at the premium is more beneficial than availing the claim for the bare minimum.

Can I raise a claim if my two wheeler is involved in a mishap during the grace period?

Yes, you can raise a claim if your two wheeler is involved in a mishap during the grace period. Grace period refers to the period of your policy extended by the insurance company for you to pay the premium without the lapse of the policy. This period can be as long as 30 days or as short as 24 hours depending upon the insurance company policy.

How can I cancel my 2 wheeler insurance claim?

Either you can contact the insurance agent through whom you have filed the claim. But, in some cases, the claim once filed will reflect in your insurance policy, and the score is susceptible to go down nonetheless. 

Written By: Bajaj Allianz - Updated: 24th December 2020

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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.

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