Motorcycle Insurance | Two Wheeler Insurance India

Two Wheeler Insurance

A comprehensive Motor Insurance policy for your two-wheeler that keeps it secure against damage caused by natural and man-made calamities, including acts of terrorism. Avail of Own Damage, Personal Accident and Liability cover all in one policy.

Policy Key Features

Key Benefits

A digitally signed policy is issued immediately through our online facility.
Access to over 2700+ network garages for cashless claims servicing across India.
Optional Personal Accident cover for co-passengers

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Key Benefits

A digitally signed policy is issued immediately through our online facility.
Access to over 2700+ network garages for cashless claims servicing across India.
Optional Personal Accident cover for co-passengers
Avail NCB on renewals if no claim is made during the previous policy period.*
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Transfer all No Claim Bonus (NCB) benefits when shifting your motor insurance
policy to ICICI Lombard.*
5% discount for recognised Automobile Associations Members.**
2.5% discount for ARAI approved anti theft device in your vehicle.***
Avail add-on covers for electrical and non-electrical items.
Buy Online and pay in installments without any extra charges.****

* NCB (No Claims Bonus) will only be allowed provided the policy is renewed within 90 days of the
expiry date of the previous policy. The NCB will be available, provided you show evidence that
you are entitled to NCB from your previous motor insurance company. Evidence can be in form
of a written declaration or a renewal notice or a letter confirming the NCB entitlement from the
previous insurer. Click here to view the wordings of the written declaration.
** Valid on Own Damage Premium and subject to a maximum of Rs. 50.
*** Valid on Own Damage Premium for Automotive Research Association of India approved anti
theft devices and subject to a maximum of Rs. 500.
*** EMI facility available only for ICICI Bank, Citibank and HDFC Bank (up to 6 months) credit
card customers at the sole discretion of the Banks.

Note: EMI option subject to minimum annual premium of Rs. 10,000. Click here to know more.

What is covered

Loss or Damage to your vehicle against Natural Calamities
Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide.

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What is covered

Loss or Damage to your vehicle against Natural Calamities

Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide.

Loss or Damage to your vehicle against Man-made Calamities

Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, any damage in transit by road, rail, inland waterway, lift, elevator or air.

Personal Accident Cover

Coverage of Rs. 1 Lakh for the individual owner/driver of the vehicle while driving or travelling, mounting or dismounting from the two wheeler. Optional personal accident covers for co-passengers available.

Third Party Legal Liability

Protection against legal liability due to accidental damages resulting in the permanent injury or death of a person, and damage caused to the surrounding property.

For more details, kindly refer to the Policy Wordings.

What is not covered

Normal wear and tear and general ageing of the vehicle.
Depreciation or any consequential loss.
Mechanical/ electrical breakdown.

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What is not covered

Normal wear and tear and general ageing of the vehicle.
Depreciation or any consequential loss.
Mechanical/ electrical breakdown.
Wear and tear of consumables like tyres and tubes unless the vehicle is damaged
at the same time, in which case the liability of the company shall be limited to 50%
of the cost of replacement.
Vehicles being used otherwise than in accordance with limitations
as to use.
Damage to/ by a person driving any vehicles without a valid license.
Damage to/ by a person driving the vehicle under the influence of drugs or liquor.
Loss/ damage due to war, mutiny or nuclear risk

For details, kindly refer to Policy Wordings.

Sum Insured

All vehicles are insured at a fixed value called the Insured’s Declared Value (IDV).
IDV is calculated on the basis of the manufacturer’s listed selling price of the vehicle
(plus the listed price of any accessories) after deducting the depreciation for every
year as per the schedule provided by the Indian Motor Tariff.

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Sum Insured

All vehicles are insured at a fixed value called the Insured’s Declared Value (IDV).
IDV is calculated on the basis of the manufacturer’s listed selling price of the
vehicle (plus the listed price of any accessories) after deducting the depreciation for
every year as per the schedule provided by the Indian Motor Tariff.
If the price of any electrical and / or electronic item installed in the vehicle is not
included in the manufacturer’s listed selling price, then the actual value (after
depreciation) of this item can be added to the sum insured over and above the IDV.

Two Wheeler Insurance- Why you need Right Motorcycle Insurance

A larger number of small town people in India prefer to buy a motorcycle instead of a car. Since there are no stringent traffic rules in a small town region, two- wheelers serve the purpose of the travel one needs to do. Still, accidents and unfortunate events can happen anytime and thus, you need to be prepared for the same to protect your savings. Bike insurance or motorcycle insurance can safeguard you from such mishaps and help you save your money. You need your two wheeler to be insured and the best way to do this is to purchase Motor Insurance. If you are wondering how to get motor insurance and which one is right for you, we're there to help you.

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Getting the right motorcycle insurance for your car in India is important for your safety. This will safeguard your motorcycle from theft as well as damage due to an accident. Moreover, insurance is mandatory according to Indian law. When you are applying for a two wheeler insurance or a bike insurance, always remember that there are certain factors that will affect your final premium rates. Your age, gender and past payment records are some of the essential factors that will influence your final rates. In spite of these factors, you can still get motor insurance. In order to get a motorcycle insurance policy, you need to obtain more than one rate quote. Since insurance company premium prices vary, it is better to browse through their websites to get the best two wheeler insurance quotes and rates that suit your budget.

Motor insurance for your motorcycle in India is affordable today. With a number of motor insurance companies and financial institutions vying for the top spot in the insurance market, attractive premiums and additional coverage are the order of the day. It is always advisable to buy bike insurance that would be useful in the event of a serious mishap. Many factors affect bike insurance premium, which includes the model of the car, cubic capacity, and the accessories, especially in the case of luxury cars. The premium also depends on the age of the car and the mileage.

In order to make the process less complicated, motor insurance companies have streamlined their policies to suit the two-wheeler owners in India. Most companies have tied up with automobile manufacturers to provide better insurance services. Motor insurance policies are generally of two types, comprehensive and third-party. While a third-party policy covers only damage to other people or property, a comprehensive policy covers the risks to both parties as well as the motor parts of your vehicle.

Remember to never get caught driving a bike without proper bike insurance. This not only puts your life at risk but you will also have to face the legal consequences, if you do not possess an bike insurance policy. Your policy is your ticket to a safe and secure drive. We suggest you to browse through about five motor insurance sites online. By reviewing the options online, you will get a fair idea about the choice you want to make. Most of the renowned insurance companies will offer you online comprehensive packages and enable you to save a lot on your motor insurance. Thus, you should make a smart choice before buying the two-wheeler insurance for your motorcycle.

Two wheeler Product Code: Motor 05