Category: Two Wheeler Insurance

Two-Wheeler

Posted on | by Team PI | Leave a Comment on Two-Wheeler

Two-Wheeler

The ever-rising number of road accidents in India due to traffic on roads, heavy rainfalls, etc., is a matter of concern. It is mandatory to have a third-party insurance cover on every vehicle that runs on Indian roads. If any individual is found to ride/drive without motor insurance is bound to go under legal procedures of having to pay huge penalties.

Two-wheeler insurance

Two-wheeler insurance is a policy that provides cover to the two-wheeler, i.e., bike, scooter, etc., owner in case of accidents, theft, damage, or any third party liability. The two-wheeler insurance comes to the rescue in case of damages and unwanted losses in such cases.

Two-wheeler third party insurance

A third-party insurance policy is a mandatory policy for every two-wheeler in India. This policy provides coverage against damages or injuries caused to other persons/property due to the insured vehicle. Though this policy does not bear the cost of losses/damages to the insured vehicle and does not provide any cover to the rider/driver in case of a personal accident.

Comprehensive/Package policy

Under the comprehensive policy, the two-wheeler is covered against theft, loss, or damage. This policy is comparatively wider in scope in terms of coverage. It covers both third-party liability coverage as well as the damages/losses suffered by the bike itself. Moreover, this policy can also provide personal accidental cover to the rider/owner of the vehicle.

Apart from these usual covers, there are add-ons covers to enhance the coverage of two-wheeler insurance that can be chosen by payment of an additional amount on premium.

No Claim Bonus/NCB

No Claim Bonus or NCB is a reward provided by the insurer as a discount or savings on the premium to the owner. This bonus is only obtainable if there is no claim made during the insurance policy term. The rate at which the NCB increases every year is 5% for every claim-free year and goes up to 50%. This bonus promotes safe driving amongst owners as it is available as a bonus.

Own Damage Discount

Own Damage (OD) helps to stay covered against damage caused to the insured vehicle due to accident, theft, losses caused due to fire, damages due to natural calamity. The OD cover compensates for the expense of repairs or replacement of parts damaged in such cases.

Earlier, there used to be a fixed tariff rate on OD premiums, but now, due to de-tariffing, OD discount is the discount rate that the insurance companies offer on the premium amount keeping the tariff rates as the base.

Premium discount

Insurance companies provide discounts on premium amounts, but these discounts are based on various factors:

  • -> driving record of the individual
  • -> opting for add-ons with the basic policy
  • ->discounts based on age
  • -> the policy renewal is on-time that is, before the due date
  • -> installation of security-enhancing equipment
  • -> buying various insurance policies from the same insurance company
  • -> filing a claim only if necessary
  • -> managing the deductible as per the needs.
  • -> buying a policy for long-term
  • -> buying the policy online
  • -> maintaining a good credit score

Zero depreciation

Usually, while the claim is provided, deductions for depreciation due to normal wear and tear of the vehicle are made on it. But under zero depreciation cover, the claim settlement is not affected by the depreciation, and no deduction is made on this account, and the full amount is paid.

Nevertheless, there are so many options and discounts available for two-wheeler insurance; many people don’t buy it or merely buy the third-party policy. It is compulsory for all vehicles. By doing this, they refrain from the benefits provided by other policies and end up paying comparatively more for lesser coverage. Therefore, it is always prudent to have a prior study and get a good knowledge of various insurers’ various policy options and choose amongst the best with the most benefits at reasonable costs.

With its 21 years of excellence, Probus Insurance helps its clients choose the best policy from its wide range of options by providing consulting and advisory services. It also aims at constantly providing improved insurance solutions.

Multiyear Two-Wheeler Insurance

No inspection. No paperwork.

Vehicle registration number is required. Invalid registration number.Sample: DL-01-KY-3053
Previous Insurer is required.
Previous Policy Number is required.
Old quotation number is required. Invalid quotation number.Sample: PIBLMTRTW000000000000000

Forgot your bike number? Click here

Want to insure your new Bike? Click here

Probus Renewal?Click here

Already Have Quotation? Click here

Multiyear Two-Wheeler Insurance

If you want to purchase a Two-Wheeler or a two-wheeler it is your responsibility to secure it with insurance. Buying such a policy for your Two-Wheeler of two-wheeler is very easy with most of the insurance companies going digital. 

A premium calculator makes it far easier to get a quote and renew it online.

But with our busier schedule, we normally trend to keep up with dates and in the bargain lose important benefits on our Two-Wheelers. Furthermore, riding a two-wheeler without valid insurance will lead you to trouble and you are not protected in the event of a mishap.

Potentially speaking many just avoid to renew their insurance in time and there is no aid in the event of unforeseen incidents. 

Why Multi-Year

The Insurance Regulatory and Development Authority of India(IRDAI) detected that most of the two-wheel owners feel it pointless to renew their Two-Wheeler insurance, without being aware that they are no more protected in an event of mishap or accident that can happen anytime.

To make life simple the insurance companies have come up with an option for multiyear insurance renewal under the supervision of IRDAI. The multiyear two-wheeler insurance policy can be up to 3 years.

This encourages the owner of the two-wheeler to have an insurance policy securing safety for themselves and their loved ones.

A multi-year two-wheeler policy has several benefits

• No hassles of yearly renewal: Getting a yearly policy and keeping it renewed on a timely basis can be tedious.

• Costing of the premium is lower: A long term policy cost if much lesser than the short term. This saves you from the inflation that may kick in during the second and third year of the policy.

• Discounts: Getting insurance policy for multi-year can also give you an additional discount which is at the sole discretion of the insurance provider.

• No laps of policy: You need not worry about getting new Insured Declared Value. Thus, stay stress-free.

• Avoid penalties: Once you have your policy in place you are secure from penalties from traffic cops without which you may land paying huge in fines.

• Policy cancellation: A policyholder is not bound for a multi-year policy. You can withdraw the policy and get a refund of the unused premium. However, ensure that you have a valid insurance policy before canceling.

Save Money on Yearly Hikes in Third-Party Premium

Well, you can assume that the cost of the premium will be 3 times the normal cost of premium in a multi-year policy. Once the amount is derived you need to pay the wholesome amount at one go and there cannot be a revision of premium in the tenure of the multi-year insurance policy. 

The amount for the multi-year policy will marginally less, compared to a single year policy. The insurance company deducts the administrative cost for the second and third years. Thus, this gives a saving benefit to the customer. 

One might think that the terms of coverage will be different, but you need not worry the terms remain the same for a multi-year policy as in for a single year policy. 

The most important factor here is that you are free from inflation that might hit the cost of premium the following and subsequent year. Nothing to worry you will not be affected with the inflation until your next renewal. 

To make it even more attractive the insurance companies offer an upfront discount on the premium amount while opting for a multi-year insurance policy. 

Stay Stress-Free from Yearly Renewals

Considering a two-wheeler among the other vehicles, the insurance premium of a two-wheeler is the cheapest.

It is a mandate for two-wheel owners to have a basic coverage of insurance. The stats state that nearly over 60 percent of the Two-Wheeler owners have not been renewing the insurance policy. 

Understanding the busy schedule, one might forget to renew the Two-Wheeler insurance, hence the multi-year policy comes in as a savior to them. 

Riding might be fun, but riding without valid insurance is an offense. You can be fined for not owning a valid insurance policy. 

No Need to Pay Hefty Fines

As we are aware that riding a vehicle without valid insurance is a punishable offense. One needs to understand the ownership of a policy is as important as ownership of a two-wheeler. Long-Term insurance will protect you and shield you from unpredictable causes. 

Rather than forgoing any customer, the insurance company offers you a multi-year policy which saves your time and trouble of renewing it every year. Once you have your insurance in place for multi-year you can be stress-free as you will not be violating the Motor vehicle laws. 

Thus, a valid policy will save you from paying hefty fines to the cops. 

Take Ones and No Worry About Policy Expiry

The biggest challenge one might be facing is to renew the policy in time. This could be due to the process of physically going and renewing the policy. This whole process takes a considerable time which is not affordable today.

Buying a long-term insurance policy for your two-wheeler will reduce the risk of a policy expiring every year. It will save you time and money as well. 

Hence it is advisable to opt for multi-year two-wheeler insurance, stay protected and worry less about the expiry. 

Two-Wheeler Insurance Claim

No inspection. No paperwork.

Vehicle registration number is required. Invalid registration number.Sample: DL-01-KY-3053
Previous Insurer is required.
Previous Policy Number is required.
Old quotation number is required. Invalid quotation number.Sample: PIBLMTRTW000000000000000

Forgot your bike number? Click here

Want to insure your new Bike? Click here

Probus Renewal?Click here

Already Have Quotation? Click here

Two-Wheeler Insurance Claim

If we come across an accident, we foresee huge bills and at this time the two-wheeler Insurance policy comes handy. 

The process of claiming insurance can be lengthy. One can file claims for hospitalization expenses in the event of accidental injuries and permanent or partial disability.

You will be required to file a copy of FIR or the report from inspections officers, with original bills and report from the surveyor estimating the cost of repair. 

Only once you are confirmed that you are not guilty of the accident you can claim for Insurance. So, the court has to announce the decision in your favor. 

Such claims move on a snail pace hence to avoid all the hassle and await many opt to carry on the repair and bear the cost. 

There are two types of insurance claims: Cashless claim settlement or Reimbursement claim. In the cashless claim, you do not need to pay as the repairs are done at the authorized garage whereas in reimbursement you pay first and then set you to claim with the insurance company by submitting the bills. 

In Case of Theft

In the event your bike has been stolen you can rest be assured that you will get the Insured Declared Value of the vehicle.

What do I do? It is surely the question which runs in our mind. Well, these easy steps will help you to file a claim process in case of theft.

• File an FIR: The most important thing is to go to the nearest police station and file a complaint and get a copy of the FIR.

• Claim for Insurance: intimate the insurance company of the incident and complete the set formalities as given by your insurance provider.

• Keep the RTO notified: It is mandatory to keep the RTO notified soon after the FIR

• Document submission: You will need to submit the respective documents as required by the insurance company.

ü The claim settlement request form duly signed or attested.

ü The original copy of the FIR

ü A copy of the vehicle’s registration certificate

ü A copy of the policy documents

ü A copy of your driver’s license

ü Duly signed transfer papers from the RTO office

ü The original keys of the vehicle

• Approval and payment: one the RTO’s are unable to trace the vehicle they will send a non-traceable report to the insurance company. Thus, the insurance company will reimburse you the Insured declared value.

In Case of an Accident

Two-wheelers are prone to accident and you are a victim of it this is what you need to do.

• If anyone is injured call the ambulance for medical assistance
• Keep the police notified about the accident were about.
• Let the cops survey the accident
• IT is advised not to take responsibility for the accident.
• Note the details of the other party in the accident.
• If possible, take some clear photographs which will come in handy.
• Contact your insurance provider stating the incident and submit the reports given by the cops.
• The insurance company will ask an evaluator to give a repair quote.
• You can take your bike to any of the authorized garages and get the assessment done.
• Based on the type of insurance you own the insurance provider will pay you a partial amount or full amount.

In Case of Third-Party Property or Liability

In the event of a Third-party property or liability claim​

• The third-party can apply to insurance company against the two-wheeler owner

• It is then necessary to file an FIR to the nearest police station along with the needful details of the vehicle in the event. Collect the name, license plate number, address’ etc.

• Post this you need to file a case in the Motor Accident Claims Tribunal who is responsible and authorized for claim request.

• Submit all the documents deemed necessary.

• After the Motor Tribunal takes its final decision the claim settlement is initiated.

In Case of Two-Wheeler Own-Damage

You will need to keep the following information handy in the case of your damage claim.

• Your contact details.
• Policy document details, specifically, policy number.
• Name of Insured person.
• Date, time, and place of accident.
• Brief about the extent of the loss.
• And if the person, further than the insured is notifying, keep the place and contact details of the insured person handy.

Once you have the needful information follow the steps given below.

• File claim with the respective insurance provider.
• All document copies are to be submitted as required along with the claim form.
• FIR may be optional.
• The inspection of the bike will be set and the surveyor will estimate the cost of repair.
• Once the report has been submitted to the company you will be foretold of what is covered under the insurance and what is not.
• Take your vehicle to an authorized garage for cashless benefits or any other garage is you want reimbursement.
• In the case of reimbursement, you will need to submit all the original bills of repairs.

​

Two-Wheeler Insurance Companies

No inspection. No paperwork.

Vehicle registration number is required. Invalid registration number.Sample: DL-01-KY-3053
Previous Insurer is required.
Previous Policy Number is required.
Old quotation number is required. Invalid quotation number.Sample: PIBLMTRTW000000000000000

Forgot your bike number? Click here

Want to insure your new Bike? Click here

Probus Renewal?Click here

Already Have Quotation? Click here

Two-Wheeler Insurance Companies

Two-Wheeler Insurance is a monetary safety, which you can be secured with during any mishaps or disastrous circumstances that involves your two-wheeler.

Owning a Two-wheeler Insurance provides financial security and permits support to you and your family.

We come across a lot of bikes on the streets and the sales of two-wheelers over the last decade have gone steep high. Ensuring the protection various companies provide insurance for your two-wheeler.

Owning bike insurance will safeguard you in different ways:

• You will be protected from legal liabilities
• Financial relief
• You will enjoy add on benefits
• You will have a personal accident cover

Bike insurance overall is designed to keep you stress-free from any unfortunate event or accident which results in damaging your property. 

Two-Wheeler Insurance Plans

As per the Motor Vehicle act of 1988, it is mandatory to have bike insurance that at least has coverage for the third party. 

There are two types of two-wheeler insurance policies third party and comprehensive.

Third-Party Two-Wheeler Insurance:

​• It is a mandatory insurance to be owned by two-wheel owners.

• The liability coverage of the third party is compulsory if you are a two-wheeler owner.

• In any situation, you encounter an accident or you are at fault, the Third Party Insurance will cover you against legalities to the third person or property damages.

• Third-Party Two-wheeler insurance majorly covers the third party, damages caused to others when you are considered at fault, alternately the vehicle sets on fire or the vehicle have been stolen.

• There are a few exceptions within the policy.

• It does not cover damages affected by your bike.

• Any self-injury caused due to accident

• Does not cover damages caused by Natural disasters

• Does not cover normal wear and tear

• Does not cover civil disturbances

• Riding a two-wheeler without an active license

• Influential riding

• Riding with an invalid insurance policy

• It guards the rider in contradiction of legal obligation that may arise out of third-party damage or damage caused to the third person property.

• The Third-Party Two-Wheeler Insurance is more cost-effective.

• Third-Party insurance policy delivers a limited scope to the rider.

• The premium of Third-party insurance is determined by IRDA on yearly basis.

Comprehensive Two-Wheeler Insurance Policy:

• It armors economical and legal liabilities that may arise out of damages.

• All commotion, accidents, fire, theft and vandalism, malicious acts, terrorism, and civil disturbances such as insurrections, calamities like earthquakes, floods, etc. are considered under the comprehensive insurance policy.

• Exceptions in the policy

• Consistent wear and tear of the vehicle

• Mechanical interruption or electrical dysfunctions.

• Damages produced while riding without a legal license

• If the rider is under the influence of alcohol.

• If the policy is expired

• The comprehensive bike insurance premium is higher in comparison to third-party insurance.

Apart from everything an all-embracing insurance policy like the comprehensive insurance will cover you from all aspects.

Two-wheeler Insurance Inclusions and Exclusions

Inclusions

• Natural disasters: Two-wheeler insurance policy will protect against fires, earthquakes, floods, storms, etc.
• Man-made disasters: the right policy will provide coverage in case of theft, burglaries, etc.
• Third-party liability: you can be stress-free from legal liabilities that come from the third party.
• Personal Accident coverage: covers in case of permanent or temporary disability.

Exclusions

• Normal wear and tears are not covered.
• Electrical or mechanical failures are not apart
• Usage of illegal purposes.
• Dames to tires or tube
• Damages caused without proper documents.
• Riding under influential toxins.

​

Add-On Covers in Two-Wheeler Insurance

As we may be aware that 2 common insurance policies are in existence to opt for firstly Third-Party Two-wheeler Insurance Policy and secondly Comprehensive Two-wheeler Insurance Policy.

The Third-Party provides protections from Third-party property damage along with Legal liabilities, but Comprehensive goes beyond and provides more protection for own damages to your bike.

When we spend our hard-earned money, things become dear to us and we like to take special care and we need special care for our things. Similarly, there are add-on benefits provided by Insurance Companies. You can opt for different types of add-on coverage to your two-wheeler insurance policy.

Accessories Cover:

• modification or additional fitting can be safeguarded with the accessory cover. This add-on cover will provide coverage in case of damages that may incur to the fittings or the valuable accessories.

• Medical Cover

• A medical cover will help you bring down your hospitalization or medical cost.

• Passenger Cover

• can be fatal to the rider as well as the pillion (Passenger). The lives of both are risky to an equal amount. To provide safety to the pillion one must opt for passenger cover.

• Zero Depreciation Cover

• An accident the riders become responsible to pay off for the repairs of the two-wheelers or pay for depreciation.

• Most of the insurance plans, the riders have the option to buy zero depreciation cover by paying an additional amount to the premium. In this scenario, the insurance company becomes responsible to cover the cost of repairs.

Add-on covers are very handy in enhancing the basic two-wheeler insurance policy to give you maximum protection in the event of loss or damages to the bike. A little extra payment will provide you with extensive coverage.

Benefits of two-wheeler Insurance

An insurance policy helps a two-wheel owner in different aspects like financial loses in the event of accidents, thefts, natural disasters and so on. In the event a loss has incurred to a third party property, your insurance policy will help you

Insurance Regulatory and Development Authority (IRDA), impose motor insurance as the main necessity to own any type of vehicle on the road in the country.

The key role of motor insurance is to safeguard the ownership rights of the vehicle against expenses, damage due to accident, fire, explosion, riots, unforeseen calamities, own damage or theft of the insured vehicle.

Some of the benefits are​

• Coverage in losses due to Natural Calamities
• Financial coverage
• Cover against man-made calamities
• Accidental injury coverage
• Disability caused by accident
• Coverage due to total/Permanent Disability caused by Accident
• Coverage due to eventful death of the policyholder
• The cost of the premium is low.

Ensure your safety first as well to the third-party property, that an ideal thing to do when it comes to owning an own two-wheeler. 

List of Two-Wheeler Insurance Companies in India

Bajaj Allianz Two Wheeler Insurance

Bharti AXA Two Wheeler Insurance 

HDFC ERGO Two Wheeler Insurance 

Reliance Two Wheeler Insurance 

Liberty Two Wheeler Insurance 

IFFCO Tokio Two Wheeler Insurance

ICICI LOMBARD Two Wheeler Insurance

Universal Sompo Two Wheeler Insurance 

United India Two Wheeler Insurance 

Oriental Two Wheeler Insurance 

New India Assurance Two Wheeler Insurance 

National Insurance Two Wheeler Insurance 

Magma HDI Two Wheeler Insurance

Top 10 Two-Wheeler Insurance Companies in India

​1. National Two-wheeler insurance
2. Shriram Two-Wheeler Insurance.
3. SBI Two-Wheeler Insurance
4. United India Two-Wheeler Insurance.
5. Royal Sundaram Two-Wheeler Insurance.
6. HDFC Ergo Two-Wheeler Insurance.
7. Bharti AXA Two-Wheeler Insurance.
8. Magma HDI Two-Wheeler Insurance.
9. Reliance Two-Wheeler Insurance.
10. Universal Sompo Two-Wheeler Insurance.

Two-Wheeler Insurance Premium Calculator

No inspection. No paperwork.

Vehicle registration number is required. Invalid registration number.Sample: DL-01-KY-3053
Previous Insurer is required.
Previous Policy Number is required.
Old quotation number is required. Invalid quotation number.Sample: PIBLMTRTW000000000000000

Forgot your bike number? Click here

Want to insure your new Bike? Click here

Probus Renewal?Click here

Already Have Quotation? Click here

Two-Wheeler Insurance Premium Calculator

There is a wide range of two-wheeler insurance policies offered by insurance companies in India. Our life becomes wonderful and easy when it comes to Insurance premium calculators. Such tools are made readily available by the insurance companies depending on the parameters. 

Using an insurance premium calculator, you can instantly calculate the cost of the premium, compare the policy with multiple insurance providers and get a free quote.

While you purchase two-wheeler insurance, you can always opt for the insurance premium calculator and the same maximum on the premium cost. 

Coverage of Two-Wheeler Insurance

Covered under two-wheeler Insurance

Not covered under two-wheeler Insurance

Natural Disasters

Driving under intoxication

Man-Made Disasters

Regular wear and tear

Accidents on Road

Illegal Activity

Personal Accident cover for owner driver

Commercial Activity

Third-party liability

Invalid Policy

What is Two-Wheeler Insurance

Regardless of being a safe rider or you use your scooter or bike or don’t use, you always need to be insured at all time and hence two-wheeler insurance is required.

Various companies provide insurance plans, with a different value and different coverage, some have higher and attractive benefits but some don’t.

There are two main types of Two-Wheeler Insurance policies.

1. Third-Party Insurance Policy only covers the legal liabilities towards the third party.
2. Comprehensive Insurance Policy which has extended coverage and provides more security.

Even before purchasing an insurance policy one should do thorough research on the different policies available and what are the offers, benefits, and prices. 

Research should be to compare the premiums quoted by the insurance provider. 

This will not only help you to buy an insurance policy at a cheaper rate but also help you in finding the best coverage available in the market. 

Insured Declared Value (IDV) is the main term attached to the calculation of the two-wheeler insurance premium. As all the calculations are based on the current market value of the bike. 

There are various tools available to calculate the cost of your two-wheeler insurance premium. You can make use of these key tools as you will get a quote of the premium right on the screen you are browsing, thus leaving aside the additional payment to be made to the agent.

Why Two-Wheeler Insurance

Most of the insurance companies do a renewal of the two-wheeler insurance policies for one year. It remains a responsibility to keep your insurance policy renewed within the stipulated time. To enjoy the best of your policy never skip a date to renew else you may lose a lot of important benefits. 

As we know that digitization has reached its pick and all want to be on the web. Hence most of the insurance companies are on the web which makes our life easier. Their premium calculator tool helps in getting the right quote for the premium.

While you check online always opt to compare the benefits you are eligible with the insurance policy you opt for. All insurance policies have something good than the other. 

Factors Involved in Two-Wheeler Insurance Premium

Various aspects are considered while calculating the insurance premium.

• Type of policy: The premium will always be higher in comprehensive insurance than Third-Party insurance. The coverage type you look for will decide the calculation of the premium.

• Insured Declared Value (IDV): another aspect that will play a key role in the calculation of your insurance premium is IDV. The IDV is set to be on the current market value of the two-wheelers you look to secure. Higher the IDV higher your premium will be.

• Age of Vehicle: Every vehicle has a depreciation value. Thus, over a period, the premium value will drop.

• Engine Cubic Capacity: based on the Engine’s cubic capacity the rate of premium is derived. The premium will shoot up if your two-wheeler cubic capacity is high.

• Voluntary Deductibles: in the event, you intend to pay a propionate amount during a claim, that will be considered while calculating the premium of the two-wheeler.

• Location: Living in a metropolitan city will derive a higher charge on premium as there is a higher risk of road accidents.

• Anti-Theft Device: Installing an anti-theft device approved by the Automotive Research Association of India will give you a special discount from the insurer.

• No claim Bonus: No claims in the policy year will give you additional benefits where you get a discount on the component of the premium.

• Add-on: When you opt on additional add-ons to the bike or two-wheelers, the coverage increases thus making the premium amount to soar up.

• Modification: many time to enhance the performance we tend to modify our bikes, such modification in the preview of the insurer is a risk undertaken, thus to be safer the insurer will demand a higher premium.

• Claim Record: some insurance companies will also take into preview older claims you may have made in the past thus this will also be considered while opting for an insurance premium.

 

One might opt to use the below-listed tips to save on the Insurance premium.

• Buy it online as it is faster and cheaper and does not need paperwork.
• Buying online saves you from the middle person thus you pay less.
• You can opt for the voluntary deductible to lower your premium.
• Assess your coverage and opt only if required the add-ons.
• Do not opt to raise small claims
• Ensure to renew the policy within the stipulated period.

Premium Calculation

When we invest a huge amount on our vehicle, it is advisable to know how to calculate premium online. Well, this has been easy with the experts how have come up with premium calculators. This tool is easily available online.

The two-wheeler or bike insurance calculator will provide you with the cost of premium required based on the insurance requirement. 

Two-wheeler Insurance Renewal.

No inspection. No paperwork.

Vehicle registration number is required. Invalid registration number.Sample: DL-01-KY-3053
Previous Insurer is required.
Previous Policy Number is required.
Old quotation number is required. Invalid quotation number.Sample: PIBLMTRTW000000000000000

Forgot your bike number? Click here

Want to insure your new Bike? Click here

Probus Renewal?Click here

Already Have Quotation? Click here

Two-Wheeler Insurance Renewal.

We are used to the term surfers and all we know is water surfing. But today the younger generation are road surfers. Normally we see our youngsters try to surfer the roads with their fancy bikes or two-wheelers. 

This carries great risk to the rider at the same time to others. To protect yourself you may use a helmet but that’s not all that is enough. Isn’t it? 

Bikes are our assets and we like them to take care of our assets and would not like to get them damaged or even scratched. What comes handy here is your Two-Wheeler insurance policy. 

Just any two wheeler policy is not that you look at but a perfect one that you can save your assets and your loved ones. Hence to make life simple use the online tool and compare the policies as per your requirements. 

Normally there are two types of insurance policies:

Firstly, third party insurance which takes care of legal liabilities and secondly comprehensive that covers a lot with your vehicles.  

Why Renew your Two-Wheeler Insurance?

Owning a two-wheeler might be a trill, but there are dangers all over either if your bike is stationed or your bike may be on the road, it is always exposed to danger.

An insurance policy helps a two-wheel owner in different aspects like financial loses in the event of accidents, thefts, natural disasters and so on. In the event a loss has incurred to a third party property, your insurance policy will help you

Insurance Regulatory and Development Authority (IRDA), impose motor insurance as the main necessity to own any type of vehicle on the road in the country.

Such insurance protects and guards the vehicle against any sort of damages that may incur in due course of owing the vehicle.

The key role of motor insurance is to safeguard the ownership rights of the vehicle against expenses, damage due to accident, fire, explosion, riots, unforeseen calamities, own damage or theft of the insured vehicle.

The Third Party Two Wheeler Insurance in other words liability only insurance offers the following benefits to the rider.

1. It protects the rider against legal obligations that may arise out of third party damage or damage caused to the third person property.

2. The Third Party Two Wheeler Insurance is more economical considering the comprehensive insurance plan.

3. As a mandate, the Third Party Insurance is quicker and easier to get with less documentation as it covers only the third party and not the insured vehicle.

 

The emerging-market has brought in drastic changes in the Two-wheeler world. To make it more attractive and fascinating the insurance companies come up with various benefits.

Renewing a two-wheeler insurance policy online has become very easy for a lot of our bike riders. There are some of the key benefits to renew your bike insurance online.

• Compare plans from different insurance providers
• Quick and easier.
• Choose between comprehensive and liability coverage
• There are other optional coverages which you can choose.
• You can avail discounts and save money
• Registrations are quicker for buying online.
• There is online support in case you require it.

Renew Online Two-Wheeler Insurance

Buying an Insurance policy online is the best option one has. It is safe, fast and at your convenience. A few details of your bike and you can have the best policy you need to secure yourself and your bike. 

The online tool as in the premium calculators has made it so easy and convenient. One can compare the policy and avail the best benefit. 

Moreover, you can make payments online and get reminders for your renewals. 

Renew Expired Two-Wheeler Insurance Policy Online

Carry an expired insurance policy on you will surely lead you to trouble. You are no more covered from any damages that may occur in the event of an accident or an accident due to the third party. 

Tying to renew your expired policy may lead to paying penalty or higher premium or inspection of your two-wheeler leading you into unnecessary hassles. 

You can even swap your existing policy to a new in the event you are not happy with the existing one.

It is always recommended that you stay secure all the time with your insurance policy for your two-wheeler. This will also save you against any damages or losses. Always keep a track of your insurance expiry and never let it expire. 

Documents Required to Renew Two-Wheeler Insurance

Normally if you have to renew your two-wheeler insurance policy you need to have the following documents with you handy.

• A copy of your RC book
• Old insurance papers
• Photo identification

However, if you are renewing your policy online you don’t need any documents however you just need the following details to feed in the online renewal form.

• Registration number
• Engine number
• Chassis number
• Previous policy number (if you have any)
• Vehicle manufacturing date (mm/yy)
• Date and city of purchase
• You contact details (address, phone no, and email id)
• You should also have a copy of your vehicle’s RC book.

Aprilia Insurance: Aprilia Bike Insurance Online Renewal Process India

No inspection. No paperwork. Renew your 2 wheeler in just 2mins.

Vehicle registration number is required. Invalid registration number.Sample: DL-01-KY-3053
Previous Insurer is required.
Previous Policy Number is required.
Old quotation number is required. Invalid quotation number.Sample: PIBLMTRTW000000000000000

Forgot your bike number? Click here

New Bike? Click here

Probus Renewal?Click here

Already Have Quotation? Click here

Why to Insure Your Aprilia Bike?

Aprilia Bikes are great on Indian roads, which is why there are so many of them. But with a two-wheeler insurance, you can:

·   Be sure that you’re rightfully compensated if your Aprilia Bikes was stolen or damaged beyond repairs.

·    Get coverage for a third-party if your bike caused an accident and the third-party was injured or their property damaged.

·    Get comprehensive coverage for your own two-wheeler, in case damages were caused to your vehicle. 

·    Be sure that no traffic policeman heavily fines you for not having an insurance policy for your bike. Strictly, say no to bribery!

Inclusions
Of Bike Model

You are covered against the following:

·    Loss or damage to the vehicle due to an accident

·    Loss or Damage caused to third-party life or property

·     Theft of insured vehicle

·     Damages caused due to natural calamities

·     Damages caused due to man-made calamities

Exclusions
Of Bike Model

You are NOT covered against the following:

·         Regular wear and tear

·         Depreciation

·         Mechanical & Electrical breakdown

·         Driving with an Invalid or no license

·         Driving under the influence of intoxicants

Add-on Covers For Your Aprilia Bike

Zero Depreciation Cover

Return to Invoice Cover

0

Trim your Comprehensive Bike Insurance Premium with these Discounts

• No Claim Bonus

You are eligible for a NCB discount on your own-damage premium for every claim-free year. You get 20% for the first year and can go as high as 50% over 5 consecutive claim-free years. 

• Installation of Security Devices

A lower IDV demands a lower premium to be paid. (But compute wisely, since IDV is the utmost value the insurer can compensate you with).

• Membership of AAI

A membership to any of the recognized Automobile Associations of India can fetch you an extra discount.

• Choose the Right IDV

If you are in the noble profession of teaching or employed in Govt. Services, you are entitled for an additional discount on your own-damage car insurance premium.

How to File a Claim for Your Aprilia Bike

The policy document is a ready reckoner that you can refer for the complete list of documents to be submitted if you have a Car Insurance claim. The documents which you would generally require are:

Cashless Garages for Your Bike Model

Calculate Aprilia Bikes Insurance Premium

About Aprilia

Aprilia is a popular name in the world of bikes and especially in the field of motorcycle racing. It started its journey in the 1960s and came to India very recently in 2016. Like the rest of the world, it earned fame in India very soon and now it has its own showroom, Motoplex. The material, features, and popularity are enough to prove Aprilia’s success in the sphere of bike manufacturing.

Aprilia has a variety of models to satisfy everyone’s need like- RSV4, Caponord, Dorsoduro, Aprilia SR, Tuono, Shiver, and Mana and it is working on its upcoming model.

Bike Models by Aprilia

• Aprilia RSV4

This Aprilia model has a maximum speed of 290kmph and can be found in 2 different colors and 1 variant. It is one of the most favorites of racers.

• Aprilia Caponord

Aprilia Caponord is comfortable, well-equipped, and has easy to use technologies. It comes with different types- Caponord 1200 Travel pack, Caponord 1200 Rally, and Caponord 1200.

• Aprilia Dorsoduro

The sleek form and detailed design always make it stand out. Dorsoduro 1200 has a 1197cc engine.

• Aprilia SR

In 2018, Aprilia launched their Aprilia SR models – SR 125 and SR 150. Among these, Aprilia SR 150 comes in two types – SR 150 Race and SR 150. The ex-showroom prices of these models differ from each other.

• Aprilia Tuono

This Aprilia model has track, race and sports maps that can be chosen and changed. Aprilia Tuono V4 11100 is made with a V4 engine of 1077cc.

• Aprilia Shiver

The model Aprilia Shiver 900 with 896cc came in 2016 which replaced the previous model Shiver 750. This was sold in a wide range in all the Motoplex showrooms all over India.

Before Your Next Drive On Aprilia Bike

Wear Helmet

Carry this Documents

• DRIVING LICENCE
• PUC
• INSURANCE POLICY
• RC BOOK

FAQs

Most frequent questions and answers about on Aprilia Bike Insurance

1. Does my vehicle need to be inspected if the Aprilia motorcycle insurance expires?

No, the insurance can be easily renewed without an inspection of your bike.

2. Do I qualify for an NCB (No-Claim Bonus) if I buy a second-hand bike?

 Yes, all owner-driver can get an NCB. If you have not yet claimed your bike insurance, you can get you NCB while renewing the insurance.

3. Can I get valid Aprilia bike insurance online?

Do not worry. Because, online bike insurances are also valid.

With online Aprilia bike insurance, you get these benefits too-

1. It is user-friendly and gives the chance to compare coverage .
2. Customer care is always present to guide you in your problem
3. Fast and trustworthy service
4. Quick services in case of claims

4. Which insurance plan is better for Aprilia bike - multi-year insurance or one-year insurance?

It is better if you go for a multi-year plan as it provides you with benefits like-

1. 20 to 40% saving is possible from the yearly premium hike and on any third-party motorcycle insurance.
2. The No-Claim Bonus (NCB) will not become nil.
3. It is simple and can be bought online from anywhere.
4. You are free from the worry of yearly renewals.

5. What will happen in case I forget the insurance renewal date?

You will be reminded on time so that you do not miss your insurance renewal date. But if you miss it, you can still renew it after the expiry date as the No-Claim Bonus stays valid up to 90 days after the expiry date.

BMW K1600 Bike insurance: Buy or Renew BMW K1600 Bike Insurance

Vehicle registration number is required. Invalid registration number.Sample: DL-01-KY-3053
Previous Insurer is required.
Previous Policy Number is required.
Old quotation number is required. Invalid quotation number.Sample: PIBLMTRPC000000000000000

Forgot your car number? Click here

Want to insure your new car? Click here

Probus Renewal? Click here

Already Have Quotation? Click here

BMW K1600 Bike Insurance

Why to Insure YourBMW K1600 Bike

BMW K1600 Bike are great on Indian roads, which is why there are so many of them. But with a two-wheeler insurance, you can:

·   Be sure that you’re rightfully compensated if your BMW K1600 was stolen or damaged beyond repairs.

·    Get coverage for a third-party if your bike caused an accident and the third-party was injured or their property damaged.

·    Get comprehensive coverage for your own two-wheeler, in case damages were caused to your vehicle. 

·    Be sure that no traffic policeman heavily fines you for not having an insurance policy for your bike. Strictly, say no to bribery!

Inclusions
Of BMW K1600 Bike Model

You are covered against the following:

·    Loss or damage to the vehicle due to an accident

·    Loss or Damage caused to third-party life or property

·     Theft of insured vehicle

·     Damages caused due to natural calamities

·     Damages caused due to man-made calamities

Exclusions
Of BMW K1600 Bike Model

You are NOT covered against the following:

·         Regular wear and tear

·         Depreciation

·         Mechanical & Electrical breakdown

·         Driving with an Invalid or no license

·         Driving under the influence of intoxicants

Add-on Covers For Your BMW K1600 Bike

Zero Depreciation Cover

Return to Invoice Cover

0

Trim your Comprehensive Bike Insurance Premium with these Discounts

• No Claim Bonus

You are eligible for a NCB discount on your own-damage premium for every claim-free year. You get 20% for the first year and can go as high as 50% over 5 consecutive claim-free years. 

• Installation of Security Devices

A lower IDV demands a lower premium to be paid. (But compute wisely, since IDV is the utmost value the insurer can compensate you with).

• Membership of AAI

A membership to any of the recognized Automobile Associations of India can fetch you an extra discount.

• Choose the Right IDV

If you are in the noble profession of teaching or employed in Govt. Services, you are entitled for an additional discount on your own-damage bike insurance premium.

How to File a Claim for Your BMW K1600 Bike

The policy document is a ready reckoner that you can refer for the complete list of documents to be submitted if you have a Bike Insurance claim. The documents which you would generally require are:

Cashless Garages for Your Bike Model

Calculate Harley Davidson BMW K1600e Premium

Space For text

About BMW K1600 Bike

One of the best vehicle manufacturers in the world is BMW or the Bavarian Motor Works. They make bikes and cars with the best technology. Their features are brilliant. The engines are powerful. BMW manufactures two-wheelers with various powers. BMW K1600 is a remarkable production of it. It has three variants- K1600 B, K 1600GT, and K1600 GTL. All these have the same engine power that is 1649cc. There are two discs at the front of the bike and one 320mm disc at the rear. It gives a mileage of 22 kilometers per liter. This stylish model belongs to the Touring series of BMW. It will surely grab the eyes of every passerby and you are bound to be impressed with every ride of your own two-wheeler.

Bike Models by BMW K1600 Bike

• Sports

There are two models in this series- S 1000 RR and R 1200 RS. These two models are built with 999cc and 1170cc engines respectively. The wide tires do not skip on the road. The headlamps make the dark road bright like in daylight.

• Tour

On a tour, you need your bike to be strong, prepared for any kind of road and engine to be strong to perform for long at a stretch. The models in this category can definitely serve you with these requirements.

•Roadster

The models in this series are- R 1200 R, S 1000 R, and G 310 R. The models are built with engines which give a long-term powerful performance. The features, suspension and the wide tires help you have control on your two-wheeler.

• Heritage

There are three Heritage models in this category- R nineT, R nineT Racer, and R nineT Scramble. Their air-cooled engines help to give a stable performance. They are equally stylish as powerful.

• Adventure

F 750 GS, F 850 GS, G 310 GS, R 1250 GS, R 1250 GS Adventure, S 1000 XR, R 1200 GS Adventure, and R 1200 GS- these are models that can take you on adventurous rides.

Before Your Next Drive On BMW K1600 Bikes

Wear Helmet

Carry this Documents

• DRIVING LICENCE
• PUC
• INSURANCE POLICY
• RC BOOK

BMW K1600 FAQs

Most frequent questions and answers about BMW K1600

1. Which are the cases for which two-wheeler insurance does not give coverage?

The policy provider will not give coverage for incidents like-
• Regular wear and wear
• An electrical or mechanical problem due to regular use
• If the driver was driving without driving licence
• In case the driver was intoxicated while driving
• In case the harm or loss are caused by mutiny or war
• If the two-wheeler was being used for an out of the law activity

2. What documents do you need to make an application for claiming coverage?

If you want to make an application to claim coverage for a BMW two-wheeler, you must submit the documents mentioned here-
• The insurance claim form filled up properly with the details and signature
• One copy of the policy of the BMW K1600 two-wheeler
• One photocopy of the driving licence
• One photocopy of the RC book of the BMW bike
• One FIR copy, if the vehicle has gone through a case of theft or accident
• Repair bill copy and the original copy of release proof

3. What is the meaning third-party insurance?

Third party insurance is one type of insurance in which the insurance company provides coverage for any harm or loss caused to a third person or loss or harm caused to a property belonging to a third person out of the insurance plan. The incidents in which it provides coverage are-
Loss or harm caused to the property that belongs to third-party because of your insured bike
Some incident of loss or harm caused to third-party because of the insured BMW bike.

4. For which type of cases do the insurance companies provide coverage?

The policy company agrees to give coverage in certain cases only. Here are the cases mentioned below
• Any harm or loss happened because of any terror activity or an accident related to fire
• Any harm or loss caused by natural calamities like flood, earthquake, cyclone, etc.
• If insured two-wheeler is lost due to a case of theft
• If the driver has gone through some injury
• Third-party coverage- coverage for harms or losses caused to third-party or property that belongs to a third person because of the insured BMW two-wheeler.

5. What policy plan should a bike owner invest in- a one-year policy plan or multiple-year plan?

When a two-wheeler owner chooses a single-year policy plan, he should remember the expiry date and must renew his insurance on the correct date every year with all the paperwork. But when someone chooses to go for a multi-year insurance plan, there is no burden of remembering the renewal day and renew his insurance each year. He can save on premiums and also there is no need to do the paperwork every year. So, a two-wheeler owner can enjoy the bike without stress when invested in a multiple-year policy plan.

BMW K1300 Bike insurance: Buy or Renew BMW K1300 Bike Insurance

No inspection. No paperwork. Renew your 2 wheeler in just 2mins.

Vehicle registration number is required. Invalid registration number.Sample: DL-01-KY-3053
Previous Insurer is required.
Previous Policy Number is required.
Old quotation number is required. Invalid quotation number.Sample: PIBLMTRTW000000000000000

Forgot your bike number? Click here

New Bike? Click here

Probus Renewal?Click here

Already Have Quotation? Click here

Why to Insure Your BMW K1300 Bike

BMW K1300 Bikes are great on Indian roads, which is why there are so many of them. But with a two-wheeler insurance, you can:

·   Be sure that you’re rightfully compensated if your BMW F650 Bikes was stolen or damaged beyond repairs.

·    Get coverage for a third-party if your bike caused an accident and the third-party was injured or their property damaged.

·    Get comprehensive coverage for your own two-wheeler, in case damages were caused to your vehicle. 

·    Be sure that no traffic policeman heavily fines you for not having an insurance policy for your bike. Strictly, say no to bribery!

Inclusions
Of Bike Model

You are covered against the following:

·    Loss or damage to the vehicle due to an accident

·    Loss or Damage caused to third-party life or property

·     Theft of insured vehicle

·     Damages caused due to natural calamities

·     Damages caused due to man-made calamities

Exclusions
Of Bike Model

You are NOT covered against the following:

·         Regular wear and tear

·         Depreciation

·         Mechanical & Electrical breakdown

·         Driving with an Invalid or no license

·         Driving under the influence of intoxicants

Add-on Covers For Your BMW K1300 Bike

Zero Depreciation Cover

Return to Invoice Cover

0

Trim your Comprehensive Bike Insurance Premium with these Discounts

• No Claim Bonus

You are eligible for a NCB discount on your own-damage premium for every claim-free year. You get 20% for the first year and can go as high as 50% over 5 consecutive claim-free years. 

• Installation of Security Devices

A lower IDV demands a lower premium to be paid. (But compute wisely, since IDV is the utmost value the insurer can compensate you with).

• Membership of AAI

A membership to any of the recognized Automobile Associations of India can fetch you an extra discount.

• Choose the Right IDV

If you are in the noble profession of teaching or employed in Govt. Services, you are entitled for an additional discount on your own-damage bike insurance premium.

How to File a Claim for Your BMW K1300 Bike

The policy document is a ready reckoner that you can refer for the complete list of documents to be submitted if you have a bike Insurance claim. The documents which you would generally require are:

Cashless Garages for Your Bike Model

Calculate Harley BMW K1300 Insurance Premium

Space For text

About Harley BMW K1300 Bike

The Bavarian Motor Works is a renowned vehicle manufacturer which supply two-wheeler vehicle as well as four-wheeler vehicle in the whole world. The vehicles from this brand are significant for their use of updated technology, new technological yet easy to use features, and the attractive design. The engine powers range from 450cc to 1695cc. Every type is present here. BMW K1300 is a naked model. It was built with a powerful engine of 1293cc. In the front, it also has floating twin discs and at the rear, it has an adjustable suspension. It gives a mileage of 17 kilometers per liter. This model is available in two shades- Sapphire Black metallic and Dark Graphite Metallic.

Bike Models by BMW K1300 Bike

• Sports

The BMW bikes can give you a comfortable ride on a bumpy road. The features, headlamps, wide tires, and powerful engines are perfect for sports. The two models belonging this series are- S 1000 RR with a 999cc engine and R 1200 RS with a 1170cc engine.

• Tour

The models belonging to the BMW Tour category can take you through any rough and tough, long road. You do not have to worry about fuel while traveling the long way. The models in this series are K 1600 GTL, R 1200 RT, and K 1600 B.

• Roadster

There are a few models in this particular series- R 1200 R, S 1000 R, and G 310 R. The bikes are made with strong engines which give a powerful performance for a long time. The high technology and the wide tires make sure you never lose the grip.

• Heritage

There are three models in the BMW Heritage range which are- R nineT, R nineT Racer, and R nineT Scramble. These models have air-cooled engines. They are stylish as well as powerful.

• Adventure

The models in this category are- S 1000 XR, F 750 GS, F 850 GS, G 310 GS, R 1250 GS, R 1250 GS Adventure, R 1200 GS Adventure, and R 1200 GS. These are the models you need to set for an adventure.

Before Your Next Drive On BMW K1300 Bikes

Wear Helmet

Carry this Documents

• DRIVING LICENCE
• PUC
• INSURANCE POLICY
• RC BOOK

BMW K1300 FAQs

Most frequent questions and answers about BMW K1300

1. Which are the incidents for which two-wheeler policy does not provide coverage?

The insurance provider will not provide coverage for incidents like-
• Tear and wear because of daily use
• An electrical or mechanical problem due to regular use
• If the damage has taken place by the driver while driving without driving licence
• In case the driver was under intoxication while driving
• In case the damages are caused by mutiny or war
• If the bike was being used for any work out of the law

2. What documents are needed to make an application to claim coverage?

To make an application for an insurance claim for a BMW bike, you must submit the documents mentioned here-
• The insurance claim form filled up with the right information and signature
• One copy of the existing insurance policy of the BMW two-wheeler
• One photocopy of your driving licence
• One photocopy of the registration certificate of the bike
• One copy of the FIR, in cases of accidents or theft
• Original copy of release proof and the repair bill copy

3. What does third-party liability mean?

Third party liability is one kind of insurance which provides coverage for harm or loss happened to a third person or loss or harm happened to a property that belongs to a third person not included in the insurance plan. The incidents covered by the third-party liability are-
• Loss or damage caused to a property belonging to third-party because of your bike
• An incident of loss or injury caused to a third person because of the insured BMW two-wheeler.

4. For what type of cases does the insurance company provide coverage?

The insurance company agrees to provide coverage in certain cases only. Such cases are-
• Loss or damage happened because of terror activity or fire accident
• Any damage or loss happened by a natural calamity like flood earthquake, cyclone, etc.
• Loss of the insured BMW two-wheeler in a case of theft
• Any harm caused to the driver
• Third-party liability coverage- coverage for any harm or loss caused to a third-party or property belonging to the third person because of the insured BMW bike.

5. Which policy plan should a bike owner go for- a single-year policy plan or multi-year plan?

When a bike owner chooses a one-year policy plan, he must remember its expiry date and has to renew his policy on the correct time every year with that paperwork. But if he chooses to go for a multi-year policy plan, there stays zero burdens remembering the renewal date and renew the insurance every year. He can save on his premiums and he also needs not to do the paperwork each year. So, a bike owner becomes much benefited when invested in a multi-year insurance plan.