Two wheelers are usually owned by the middle and lower middle class population in India. Riding a bike or two-wheeler for commuting purpose is the most common practice among them. A motorcycle, scooter, or moped is the most common mode of transport for work or personal use.

Any damage or destruction caused to their two-wheeler would wreak havoc on their entire monthly financial plan, as the cost of getting their precious vehicle repaired will mess up all calculations. Buying a two wheeler insurance policy would save them from burning a hole in their pocket, as it offers cover against unforeseen damages and risks.

If you also own a two-wheeler and you have it insured, you will not have to worry about any destruction or any harm which has been caused to your bike, under any circumstances. You can ride without fear and stay safe by keeping yourself and your two-wheeler covered under insurance.

What is a Two Wheeler Insurance Policy?

Anyone who owns a two-wheeler has to buy a two wheeler insurance policy as well. It secures you and your vehicle from any unforeseen circumstances, which may arise in case of an accident or damage due to man-made disasters like strikes, malicious activities or theft etc. and natural calamities like floods, earthquake, fire and landslide.  It safeguards you and your vehicle against legal and financial liabilities arising out of injuries caused to third party in case of an accident or collision. Bike insurance proves to be extremely beneficial when you have to pay off the hefty amount which goes into fixing the vehicle. You can claim the expense from your insurer and get a claim cover. The policy can be bought for both personal and commercial vehicles.

Insurance Regulatory and Development Authority, makes it mandatory for bike owners to get the insurance done, and make it a priority. You can start by assessing various bike insurance policies from different insurers which are available in the market. Moreover, you should check which policy is offering maximum coverage. Every bike insurance policy has different features, thus try to find out what aspects are covered under your insurance plan.

Furthermore, you should know about all the inclusions and exclusions under your policy. If you have a fair idea about them, you can decide better which plan will resonate well with your needs and requirements.

But, which plan will give you maximum cover from financial risks arising out of accidents or catastrophes? You should also evaluate it on the basis of the premium which will be required to pay.  So, there are two types of two-wheeler insurance policies –

  • Comprehensive insurance policy will protect the rider from all types of physical injuries and the two-wheeler from damages.
  • Third Party Liability policy will protect you from legal, physical and financial damages due to third party mishap

Third Party Two Wheeler Insurance Cover

As per the Motor Vehicle Act, 1961, third party vehicle insurance cover is a legal mandate for any vehicle moving on the road. Nobody will run from pillar to post, to fix the damage which has been done to a third party due to accident or collision, resulting from your fault or vehicle. Your insurer would bear the burden of physical destruction and financial loss, saving your time, efforts and legal troubles, if any.

In case of accidental death or serious injuries, or incidences of damage to third party property from your vehicle, you can claim it from your insurer, who will take responsibility to reimburse all the loss that has happened to the third party. It won’t cover damage to your vehicle in this process, but it ensures the insured person does not suffer any loss from the incidence.

Two Wheeler Insurance with Personal Accident Cover

Along with third party cover, it is important that you also get a personal accident cover in your two-wheeler insurance policy. This would give you a cover of up to the sum of Rs. 1 lakh for any mishap that results in physical damage or even death.  You can also get your co-riders covered under this policy. It is necessary as it will give you a cover in case of serious injuries or fatal incidences arising out of a road accident. You will get 100% compensation in case of death, mutilation of limbs, loss of eye-sight or any sort of permanent disability.

Get Fully Covered Under Comprehensive Insurance Policy

Make sure you go through your insurance policy papers before signing or buying the two-wheeler insurance policy. There are so many clauses under insurance policies, so you must consider all the inclusions and exclusions in your policy. Before buying the policy make sure you are fully informed.

Have a quick glance at what should be covered under your comprehensive insurance policy-

Natural Catastrophes

Mishaps arising out of natural calamities involving earthquakes, hurricanes, fire, cyclones, floods, thunderstorm, landslides, rain, explosions, etc.

Man-Made Disasters

Any damage or harm that is done to your two-wheeler by humans, would be covered under man-made disasters. There are incidences of accidents, injuries or damaged vehicles arising out of external factors involving robbery, strikes, collision, terrorist activities, thefts, malicious acts etc. This would also secure your vehicle from damages which may happen on road, water, air or railways.

Personal Accident Risk Cover

Driving a two-wheeler, one is always running a risk of accidents on road, which may result in temporary or serious damages or disabilities. If you take personal accident risk cover, you would be reimbursed for the loss during the incident. You can also get your co-passengers insured under the same.

Insured Declared Value

IDV can certainly influence your two-wheeler insurance claim and premium amount. Your insurance service provider would calculate your policy premium based on your two-wheelers’ insured declared value or IDV. It is valid on comprehensive insurance plans and not on third party liability cover for bike (it is based on the category of the vehicle involved in the accident). Though a lot of people try to opt for low insurance premiums, but do not cheat your insurer by claiming false IDV. Because during the claim processing, the insurer would calculate your two-wheelers’ age, and compensate accordingly. Note that, your claim amount will, ultimately, rely on your vehicle’s depreciation value. If your vehicle parts have been replaced, then also there will be deductibles. However, zero depreciation can be added to your policy, if you want to avoid financial deductions of your two-wheelers’ depreciating parts

The depreciation value will also be deducted and the final amount will be processed to claim further. The depreciation value would be higher for older vehicles and vice versa. To explain further, the depreciation would be only 5% if your vehicle is 6 months old; it will be 15% if your vehicle age is up to 12 months, 20 % for vehicles which are 1-2 years old, 30% for 2-3 years old vehicle, 40% for 3-4 years and 50% for 4-5 yeas.


Whenever you are buying a two-wheeler insurance policy, make sure you analyze all the benefits and coverage which you will get from it. Every policy elucidates the inclusions and exclusions along with the calculated premium. If you look at the above mentioned details, you will be able to decide better,which policy you should opt for.


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