Top 5 Things You Need to Know Before Buying a Two-Wheeler Insurance

Purchasing a two-wheeler insurance policy is as essential as possessing a valid driving license driver’s licence. It is an essential policy that protects your two-wheeler against financial loss resulting from man-made or natural disasters such as rioting, strikes, earthquakes, and floods, among others. In India, it is illegal for two-wheeler owners to operate their vehicles without third-party insurance.


Before purchasing a new two-wheeler insurance policy or doing an online bike insurance renewal for an existing one, you must meticulously review the coverage and eligibility requirements. It will let you decide among the numerous online and offline options for two-wheeler insurance.


Before purchasing a two-wheeler insurance policy, there are five crucial factors to consider:


  1. Coverage

Multiple insurance companies offer coverage in varying amounts based on the add-on benefits, the value of the motorbike, third-party liability, accidental damage, etc. It would be advantageous if you opted for a policy that protects you from the utmost financial or legal loss.


Typically, a two-wheeler insurance policy must offer protection against the following:

– Loss or damage owing to natural disaster

– Loss or damage due to man-made calamity

– Third-party legal obligation

– Personal accident indemnity


  1. Affordable Premium

The premium for two-wheeler insurance can vary based on the vehicle value and the coverage benefits. Since third-party insurance is a mandate, you must purchase a policy for your motorbike on an online bike insurance app. Ensure that the premium you pay is proportional to your insurance policy coverage.*


It is good to purchase a comprehensive plan that includes own damage, third-party,

  1. Declared Insured Value of the Motorbike

The two-wheeler’s Insured Declared Value (IDV) is another factor to consider before purchasing motorcycle insurance. IDV is the maximum sum insured fixed by the insurer, provided on theft or total loss of the insured vehicle. It is the amount you can claim on your bike insurance in the event of theft or total loss. IDV for a new vehicle is typically higher, and if the damage exceeds the IDV, the policyholder is responsible for the difference. *


  1. Effortless and Cashless Claims

A few insurance companies require you to complete an extensive procedure before claiming your policy. You are required to submit all the necessary documents during the claim process. This helps in settling your claim as early as possible. Therefore, you must choose a straightforward policy claim. Numerous insurers also offer the option to purchase plans online.


In addition, insurers offer cashless claims through their extensive nationwide network of garages. It would help if you searched for insurance companies that are easily accessible and let you do online bike insurance renewal.


  1. No Claim Bonus (NCB)

If you do not file a claim yearly, your insurance company will compensate you with a no-claims bonus. You are eligible for concessions when you renew your motorcycle insurance through NCB. A few policies may not include this benefit, but you can add it to your existing coverage. These additional benefits supplement your two-wheeler insurance policies by addressing your financial requirements.*



Get insured anytime, anywhere! Check out the Bajaj Allianz General Insurance website to learn more and download the app now.



*Standard T&C Apply


‘Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.‘