Protect your two-wheeler with comprehensive bike insurance plans that cover accidents, theft, damages, and third-party liabilities.
Bike insurance is a contract between you and an insurance company that protects you financially against damages to your two-wheeler and third-party liabilities arising from accidents.
In India, having at least a third-party bike insurance policy is mandatory under the Motor Vehicles Act. This ensures that any third-party damages caused by your vehicle are covered financially.
At Insurance Zindagi, we offer a range of bike insurance plans designed to provide comprehensive protection for your two-wheeler. Whether you own a scooter, motorcycle, or high-end sports bike, we have policies tailored to meet your specific requirements.
Choose the plan that best suits your needs and budget.
Third-party coverage
Own damage protection
Fire & theft coverage
Financial protection against damages caused by accidents to your bike.
Coverage for injuries or death of the bike owner/rider.
Protection against bike damage due to fire or loss due to theft.
Coverage for damages due to floods, earthquakes, and other natural disasters.
24/7 support for breakdowns and emergencies.
Discount on premium for claim-free years.
Find answers to common questions about our bike insurance plans.
Yes, having at least a third-party bike insurance is mandatory in India as per the Motor Vehicles Act, 1988. This insurance covers any damage or injury caused to a third party by your bike. Riding a two-wheeler without valid insurance can result in penalties, including fines, imprisonment, or both.
Third-party insurance only covers damages or injuries caused by your bike to other people or their property. It does not cover damages to your own bike. Comprehensive insurance, on the other hand, covers both third-party liabilities and damages to your own bike due to accidents, theft, fire, natural calamities, etc. Comprehensive insurance provides more extensive coverage but comes at a higher premium.
The premium for bike insurance is calculated based on several factors, including the make and model of the bike, its cubic capacity (cc), age, Insured Declared Value (IDV), your location (metropolitan cities usually have higher premiums), your age and driving experience, the type of coverage chosen, and add-on covers selected. Additionally, your claims history and No Claim Bonus also affect the premium amount.
Insured Declared Value (IDV) is the maximum amount the insurance company will pay you in case of total loss or theft of your bike. It is calculated as the manufacturer's selling price minus depreciation based on the age of the vehicle. The IDV is essentially the current market value of your bike. Higher IDV means higher premium and vice versa. You can choose an IDV within a range provided by the insurer.
To file a bike insurance claim, follow these steps: 1) Inform the insurance company immediately about the incident, 2) File an FIR in case of theft or third-party involvement, 3) Fill out the claim form provided by the insurer, 4) Submit necessary documents like policy papers, RC copy, driving license, and FIR copy (if applicable), 5) The insurer will assign a surveyor to assess the damage, and 6) After approval, the claim will be settled either through cashless service at network garages or reimbursement.
Don't wait for an accident to happen. Get your bike insured now and ride with peace of mind.