According to the Indian Motor vehicles act, it is mandatory for all vehicles plying on Indian roads to have them insured under a Motor Third Party Liability insurance policy. It covers the vehicle owners against financial and legal liabilities arising out of accidents to third parties only.

A Comprehensive Motor insurance policy on the other hand provides additional coverage to your own vehicle against financial losses arising out of accident, theft, damage, riots, fire and natural calamities. The policy also covers death and bodily injuries to the owner driver of the vehicle.

Two Wheeler Insurance

A two wheeler insurance policy helps cover financial expenses against any unforeseen circumstances including accidents, thefts or natural disasters, to a two wheeler/bike. It is not optional, but mandatory under the Motor Vehicles Act to have your two wheeler covered under an insurance policy.
Features and Benefits
Accidental Coverage

If your bike meets with an accident, you can simply claim insurance against the repair expenses without bearing the load on your own pocket.
Third Party Liability

In case of an accident, the insurance policy will provide cover to reimburse damages to the third party’s vehicle or property. Additionally, medical expenses incurred for treatment or hospitalisation expenses are also taken care of.
Safety Against Natural Disasters

If your bike is damaged due to flood, fire or earthquake, your comprehensive bike insurance policy will cover for the damages.
Cover Against Theft and Vandalism

Comprehensive bike insurance provides you cover against theft and vandalism. You can get your hard-earned money back if your car gets stolen.
No Claim Bonus

In case no loss arises, you get rewarded a No Claim Bonus (NCB) for not filing any bike insurance claim that year. This makes your insurance renewal premium cheaper.
Add-on Covers

Add-on is an additional benefit added to your car policy which covers the car against unforeseen expenses. Add-ons, also known as riders, can be included in your insurance policy by paying extra premium.

Zero Depreciation Claim
Road Assistance Cover
Accessories Coverage
Accident Cover for Passenger

Factors Determining Premium

Following are key factors that determine the premium of a two wheeler insurance policy

Bike Model and Variant
Year of Manufacture/ IDV (Insured Declared Value)
Fuel type (Petrol / Diesel / CNG / LPG)
CC (Cubic Capacity of Engine)
Registration Zone
No Claim Bonus (NCB)
Additional Covers

Exclusions: What is Not Covered

Normal wear and tear of the vehicle
Not having a valid driving license during an accident
Driving under the influence of intoxicating liquor/ drugs
Accident taking place beyond geographical limits
If the vehicle is being used for unlawful purposes
Electrical/ mechanical breakdowns

Claims Process

In the event of a loss, following are key points on how to claim your car insurance:

Keep the copies of your insurance paperwork up to date and intact. They are critical documents that can get you your claim.
Assess and record the damage done to the car
File an FIR incase of an accident or theft. It is mandatory in a third party liability claim to file an FIR
Intimate the insurance company at the earliest
Extend full cooperation to the insurer and the surveyor appointed for completion of the survey work and for proper assessment of the loss.
Provide "proof of damage" form as well as records relating to your claim (such as medical bills, car repair bills and a copy of the FIR).
Present accurate and validated information to the representative which is the right thing to do for claiming the insurance.