Two-wheelers are one of the most common modes of transport in India. From daily office travel to short city rides, bikes and scooters save time and fuel. However, riding without proper insurance can lead to heavy fines and financial loss.
Understanding the key facts about a two-wheeler insurance policy helps you stay safe, legal, and stress-free.
1.Two-Wheeler Insurance Is Mandatory in India
As per the Motor Vehicles Act, every two-wheeler must have at least third-party insurance.
This policy covers:
- Injury or death of a third person
- Damage to third-party property
Riding without insurance can lead to:
- Heavy fines
- Legal action
- Vehicle seizure
2.There Are Three Main Types of Two-Wheeler Insurance
a) Third-Party Insurance
This is the basic and mandatory policy.
It covers damage or injury caused to others but does not cover your own bike.
b) Comprehensive Insurance
This is a complete protection plan.
It covers:
- Third-party liability
- Damage to your own vehicle
- Theft, fire, flood, and natural disasters
c) Standalone Own-Damage Policy
This policy covers only damage to your bike.
You must already have a valid third-party policy to buy this.
3. Add-Ons Increase Protection
Add-on covers help you customise your policy. Common add-ons include:
- Zero Depreciation Cover
- Engine Protection Cover
- Roadside Assistance
- Return to Invoice
- Accessories Cover
These add-ons increase the premium slightly but offer better financial safety.
4. Insurance Premium Depends on Many Factors
Your two-wheeler insurance premium is based on:
- Engine capacity (cc)
- Age of the vehicle
- Type of policy
- Add-ons selected
- Location of registration
- Claim history
New bikes and higher engine capacity usually have higher premiums.
5. No Claim Bonus (NCB) Saves Money
If you do not make any claim during the policy period, you get a No Claim Bonus.
Benefits of NCB:
- Discount on premium (up to 50%)
- Transferable when you change insurer
- Encourages safe riding
Always renew your policy on time to keep your NCB.
6. Policy Renewal Should Be On Time
Late renewal can cause:
- Loss of No Claim Bonus
- Higher premium
- Risk of penalty if caught riding uninsured
Many insurers allow online renewal in minutes.
7. Claim Process Is Now Fully Digital
Most insurers offer:
- Online claim registration
- Digital document upload
- Cashless garage repair
This makes the claim process faster and more transparent.
8. Third-Party Insurance Has Fixed Premium Rates
The Insurance Regulatory and Development Authority of India (IRDAI) sets third-party premium rates every year.
These rates depend mainly on engine capacity.
9. Two-Wheeler Insurance Also Covers Legal Liabilities
If your bike causes:
- Injury to someone
- Damage to public or private property
The insurance company handles legal costs and compensation, as per policy terms.
10. Buying Insurance Online Is Easy and Safe
Online insurance offers:
- Instant policy issuance
- Easy comparison of plans
- Lower cost due to zero agent commission
- 24/7 support
Always buy from a trusted insurer or licensed platform.
Final Thoughts
A two-wheeler insurance policy is not just a legal formality. It is financial protection for you and others on the road. Choosing the right coverage, renewing on time, and understanding policy terms can save you from unexpected expenses and stress.
If you ride daily, a good insurance policy is not an option-it is a necessity.