Motor Bike Insurance

Hello Dear Readers, Welcome & Warm Greetings Of The Day, Hope You All Are Enjoying & Getting Benefitted From The Articles & Posts Of The Topic Which Our Team Is Going To Cover is Motor Bike Insurance Or Motorcycle Insurance.

Motor Bike Insurance

Dear Readers, the team of is constantly putting in their best efforts so as to provide you all the best information regarding any of the insurance policy. This Insurance Policy related information is very critical and as we all know that if any of us wants to know any of the information regarding these insurance policies we just use any of the various search engines available on the internet like Goolge, BingRediff, etc. and many a times even we search on some of the specific websites like Policy Bazaar, Bank Bazaar, Cover Fox, Life Insurance Corporation Of India, Max Life Insurance, etc.

But, many a times it so happens that there are several users or persons who buy insurance polices are not that tech friendly like we are so they generally contact the locally available insurance agents or visit their nearest insurance office of the insurance provider from which they want to buy.

Now let’s get to the discussion of the topic for which we are here and that is Two Wheeler Insurance Policy this discussion includes both geared motorbike and without gear motorbike insurance policies.

auto insurance 

Two wheelers are the vehicles of choice for most of the Indians. In addition to being economical and effective, two wheelers provide are the most convenient way of transportation on the busy and unstructured roads of India. Due to the increasing demand of two wheelers, the motorcycle industry has been able to witness the most explosive growth which is expected to sustain till the year 2020.

If you have own a two wheeler then you definitely know that how two wheelers are important for you and some people love their two wheelers like a baby or like a friend. So it’s your responsibility to take care of your important or dearest things. Most of the people are not aware about the importance of two wheeler insurance. People consider two wheeler insurance as a financial burden.  Here we are going to tell you that which plan is beneficial “cheap bike insurance” for your motor bike and how wisely you select those plans “motor bike insurance quotes”.

Two wheeler insurance cover all types of damages that may occur from your vehicle or it’s rider or any kind of damages to your two wheeler like accident, theft, natural calamities or any man made issues.

Though buying a motor cycle insurance is mandatory as per the Motor Vehicles Act of 1988, it should not be only seen as a statutory requirement. An insurance policy can have its own benefits.

In case of damage to the vehicle due to an accident or any other event as stated in the policy, the expenses of repair can be really high. All those expenses will need to be borne by the owner of the vehicle in case they do not have an active insurance policy. Also, an insurance policy can be of great help as it may offer personal accidental cover that can be utilised in difficult times by you or your family.

Importance Of Two Wheeler Insurance:

Two wheeler insurance is a must and basic requirement of every person who has a two wheeler, so that your rides are stress free. Firstly, you have to select a good insurance policy as per your requirement before buying any two wheeler insurance policy.

cheap bike insurance

Major benefit of buying Two wheeler insurance is the personal accident cover of up to 1 Lakh INR for the individual rider and/or owner of the bike. This is done under conditions where the damage is done to the vehicle while driving, travelling, mounting or dismounting.

You Can Also Read:

How To Choose An Insurance Plan

Insurance Meaning And Types

Types of Insurance

Understanding your need before making a decision to take an insurance policy, select the best one which is most suitable and effective for your two wheeler and then invest in it, so that you don’t have to face any hassle or problem in future.

Two wheeler insurance policy provides cover for various types of damages and losses which are as follows:-

These Covers Are Divided Into Two Parts:

Natural Calamities Includes:

  • Hailstorm
  • Flood
  • Typhoon
  • Hurricane
  • Earthquake
  • Tempest
  • Inundation
  • Lightning
  • Fire
  • Explosion
  • Self-ignition
  • Rockslide
  • Landslide
  • Cyclone
  • Frost, etc.

Manmade Calamities:

  • Burglary
  • Theft
  • Riots
  • Strike
  • Malicious act

** Personal Accident Cover: **

It covers all unforeseen event which may be caused by your vehicle such as Accident, Death or Permanent Total Disability arising due to a road accident. It works like a safeguard in your auto insurance

Over 1,37,000 people are killed in road accidents every year (as per an old report). India does holds a dubious distinction of most number of road accidents annually.

Tip: Not every motor insurance policy includes personal accident cover so it’s absolutely essential that you make sure what you choose.

** Third Party Cover: **

Third Party cover protects the vehicle owner against any financial liability occurring in terms of death, physical injury or any damage to the property of a third party.motorbike insurance

The term ‘third party’ is used because the beneficiary of the policy is someone other than the two parties involved in the contract i.e. the vehicle owner and the insurance company.


Two Wheeler Insurance Company In India

Two Wheeler Insurance Providers Third Party Cover Personal Accident Cover Incurred Claim Ratio (2016-17) In %
ICICI Lombard Two Wheeler Insurance Policy Yes Rs. 1 Lakh 81.47
Bajaj Allianz Two Wheeler Insurance Policy Yes Rs. 1 Lakh 72.30
HDFC Ergo Two Wheeler Insurance Policy Yes Rs. 1 Lakh 72.82
Universal Sompo Two Wheeler Insurance Policy Yes Rs. 1 Lakh 70.80
New India Assurance Company Yes Rs. 1 Lakh  86.83


A theft or accident of your two wheeler will not only affect your savings, but will also make your daily life harder. Therefore a two wheeler insurance policy is necessary to protect yourself from financial losses and legal liability in case of loss or damage to your own vehicle or to a third party’s vehicle and property. In addition to the above mentioned benefits, a two wheeler insurance policy also gives personal accident cover.

Therefore an insurance for your two wheeler is a must and must always opt for it or get it renewed before it is about to get over because problem comes without any prior information so, always be alert and safe.


To ease your buying, here is the list of some of the Top Insurance Companies providing Two Wheeler Insurance:

From the above list you can compare insurance companies  and choose the best one for your loving two wheeler.

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A Very Big Thank you, for giving your precious time in reading our article, we hope you liked our article and if any suggestions or you want to have any more information on a particular insurance related term or policies please share your valuable thoughts in the comment box provided below.

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