You are no longer required to approach a general insurance agent or go to the insurance company’s office to renew the insurance coverage for your two-wheeler. Insurance companies have policy purchase modules on their websites where you can renew policies. Also competing for the online insurance pie is a recent addition – the web aggregators. Insurance companies have also begun to launch mobile applications or apps where policy renewal transactions can be carried out.

Importance of bike insurance renewal online

In a world where convenience is at the forefront, comprehensive bike insurance renewal offers a slew of advantages that traditional methods simply cannot compete with. Here are a few compelling reasons why renewing your bike insurance online is a better method:

1. Convenience: In the offline mode of renewing bike insurance, each and every piece of information required needs to be filled manually, a stark contrast to the online mode wherein your two-wheeler policy details are automatically loaded.
2. Time-saving: In the offline mode, if you are paying the premium by cheque, then the policy may not be instantly issued. The insurance company will wait till your cheque gets cleared, a process that sometimes takes several days to happen.
3. Simple process: If you are renewing your policy online, insurance companies will not ask for any documentary proof of ownership of the vehicle, address, etc. Even if you have forgotten to renew your two-wheeler policy in time, insurance companies will not ask the surveyor to come and inspect your vehicle. This is another benefit of renewing your two-wheeler insurance through the online channel.
4. Comparisons and better deals
   Online platforms allow you to effortlessly compare various plans and providers. This helps you get the best coverage at a good price. Insurance providers usually offer tools that highlight discounts, promotions, and additional benefits, assisting you in making the right decision.
5. Reminders
   Online platforms often send timely notifications or reminders regarding your policy’s expiration and renewal due dates. This ensures you do not miss out on renewing your policy and remain covered.

How to renew bike insurance online easily?

Renewal of 2-wheeler insurance online has become a breeze these days. Most insurance company websites just require you to provide the two-wheeler registration number, and the rest of the information gets auto-filled. It is the same when you renew your two-wheeler policies on the insurance aggregator websites. But make sure the data that is automatically filled in from your expiring two-wheeler policy is correct. If there is a change in your address, ensure that you correct it.

It is important to provide the latest and correct information to your insurance company. Any information that has changed since the earlier policy needs to be updated at the time of renewal.

On paying the premium online, the two-wheeler policy gets digitally generated. Save the digital policy document so that you can access it later when required. A physical copy of the policy document should be kept along with other two-wheeler documents that are required while riding.

Mobile apps have facilities similar to the ones provided by insurance companies on their websites. Renewing two-wheeler policies online is easy. Mobile apps take that convenience to a different level. The precautions to be taken and information to be provided are not too different from the experience of renewing two-wheeler policies online.

If you are still not hooked on to the convenience of renewing your two-wheeler insurance online or through mobile apps, the good old general insurance agent is still available.

Common steps to follow for online payment of two-wheeler insurance

Online payment for two-wheeler insurance is seamless and secure. Follow these steps to ensure a smooth transaction:

1. Visit the insurer’s website/app – Go to the official website or mobile app of your insurance provider.
2. Log in – Log in to your account with your policy number or vehicle registration number.
3. Select policy renewal/purchase – Choose whether you're renewing an existing policy or buying a new one.
4. Review policy details – Verify coverage, premium amount, and add-ons (if applicable).
5. Choose a payment method – Select a preferred payment mode, such as credit/debit card, net banking, UPI, or digital wallet.
6. Make the payment – Complete the transaction securely through the chosen payment gateway.
7. Receive confirmation – After successful payment, you will receive a confirmation email/SMS along with the policy document.

Conclusion

Renewing your two-wheeler insurance online is efficient and time-saving. It offers significant advantages, including ease of comparison, prompt payment, and instant policy receipt, all within a few simple steps. Whether you continue with your existing provider or opt for a new one, online renewal offers convenience for modern riders.

So, embrace the convenience of renewing your two-wheeler insurance online and enjoy peace of mind while riding!

Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.  

In India, bikes are considered perfect travel companions, helping navigate the roller-coaster roads and ensuring timely arrivals. However, riding in India, although it may seem easy, is not so in reality. The countless potholes and pedestrians' or motorists' carelessness regarding traffic laws put your bike at risk. While going on a ride, have you ever wondered what would happen if, due to unavoidable circumstances, you caused physical injury to others? Have you ever thought about the repercussions? Well, to safeguard you against all these odds, a third party liability cover exists. In this blog, we’ll thoroughly explain the nitty-gritty of two wheeler insurance with 3rd party protection.

What Is Third Party Two Wheeler Insurance?

Third party two wheeler insurance is a kind of motor insurance that pays for the damages or bodily injuries you may cause to another person or their property while riding your bike. This is also called  “2 wheeler insurance with 3rd party cover.” Having this insurance in India is legally required because it shields you from the financial and legal repercussions that can arise from being in an accident with another party. However, this insurance does not cover any damages to your own bike or yourself. The annual premium for a bike with less than 75cc engine is Rs. 538, while for a bike with more than 350cc engine, it is Rs. 2,804. You can also opt for a long-term policy that covers your bike for up to five years. When browsing, you should always look for third party two wheeler insurance rate charts online to make an informed decision.

How Does Third Party Bike Insurance Work?

When you buy a 3rd party bike insurance policy, you pay a premium to the insurance company. The premium amount depends on the engine capacity of your bike and is fixed by the IRDA. In the event of an accident involving your bike and a third party, you need to inform the insurance company as soon as possible and file a claim. The insurance company will verify the claim and settle it per the policy's terms and conditions. The compensation amount will be paid to the third party or their legal representative.

Features of Third party Two Wheeler Insurance

• Third Party Coverage: This insurance primarily covers damages and injuries you might cause to third parties in an accident. It ensures you can meet your legal obligations in such situations.

• Cost-Effective: While two wheeler third party insurance prices vary from company to company, it is usually more affordable than comprehensive coverage, making it a budget-friendly option.

• Instant Policy: You can often get your policy instantly online, making it a convenient choice for quick coverage. This facility is typically known as two wheeler insurance online with third party cover.

Reasons to Buy Third Party Bike Insurance

There are multiple reasons to opt for this insurance coverage. Some primary ones are:

• Legal Requirement: The most fundamental reason to purchase third party bike insurance is that it is a legal requirement in India. Riding without it can result in hefty fines, licence suspensions, or even legal consequences.

• Legal Defense: Insurance companies often provide legal support if you're involved in a lawsuit following an accident. They can help you navigate the legal process, saving time and stress.

• Cost-Effective: Third party insurance is typically more affordable than comprehensive coverage.

• Safeguarding Your Savings: Without insurance, you risk depleting your savings or assets to cover accident-related expenses. Third party insurance protects your financial stability.

Steps to Apply for Third Party Bike Insurance

Here are the steps to apply for third party bike insurance with ICICI Lombard:

• Visit the official website of ICICI Lombard. 
• Click on the bike insurance tab.
• Enter your bike’s registration number, mobile number, and email address for an instant quote.
• If you are satisfied with the quote, click on Buy Now, fill in additional bike details, and provide a few of your personal details.
• Review your policy details and make the payment online using your preferred mode of payment, such as debit card, net banking, credit card, etc.
• You will get a confirmation email with your policy document attached. You can also download it from the website or the IL TakeCare app.

Process to Renew Third Party Bike Insurance Online

Here are the steps to renew your third party bike insurance online from ICICI Lombard:

• Visit ICICI Lombard and tap on the “Renewals” section in the top right corner of the homepage.
• Select “Bike Policy” from the drop-down menu and enter your policy or mobile number to retrieve your policy details.
• Check the specifics of your policy, including the premium amount, and proceed with the payment using your chosen payment method.
• You will get a confirmation via text, SMS and email with your renewed policy document attached.
• Download and print your policy document for future reference.

You have successfully renewed your third party bike insurance online from ICICI Lombard. You can also call their toll-free number, 1800-2666 or visit their nearest branch for assistance.

What's Covered in Third Party Bike Insurance?

• Bodily injury or death of a third party: If you are involved in an accident with your bike and cause injury or death to another person, your third party bike insurance will cover the medical expenses or compensation for the victim.

• Property damage of a third party: It covers damage to another person’s property, such as a car, a wall, or a fence; your third party bike insurance will cover the repair or replacement costs of the property up to Rs 7.5 lakhs.

• Legal liability: If you face a legal case from a third party, your insurer will cover the legal fees and expenses you may incur in defending yourself.

• Compulsory personal accident cover: You must buy this additional coverage along with your third party bike insurance by paying an extra premium. It covers the accidental death or permanent disability of the owner-driver of the bike up to Rs 15 lakh. This cover is useful if you are the sole breadwinner of your family and want to secure their financial future in case of a mishap.

What's Not Covered in Third Party Bike Insurance?

• Damage to your own bike: If your two wheeler is damaged due to a collision, fire outbreak, theft, natural calamity, or any other reason, you will not get any compensation from third party bike insurance. You will have to bear the repair costs or buy a comprehensive bike insurance policy that covers both third party and own damage.

• Illegal or deliberate acts: If you cause an accident intentionally or while breaking the law, such as drunk driving, speeding, or racing, the third party bike insurance will not cover that. You will be liable for the legal consequences, penalties, and damages.

• Wear and tear: If your two wheeler suffers from unavoidable wear and tear due to ageing or usage, such as rusting, corrosion, depreciation, etc., the third party bike insurance will not cover that. You must maintain your bike regularly and replace the parts when needed.

• Contractual liability: If you have entered into a contract with someone and agreed to be liable for any damage caused by your two wheeler, the third party bike insurance will not cover that. For example, if you have rented your bike to someone and they cause an accident, you will be responsible for the damages, not the insurer.

Documents Required for Third Party Bike Insurance Claim

To file a third party bike insurance claim, you need to have the following documents ready:

• A copy of the FIR you filed at the nearest police station after the This is a mandatory document to support your claim.
• A copy of your driver's licence to prove that you are a valid driver.
• A copy of your registration certificate to prove that you own the bike.
• A copy of your third party bike insurance policy to show that you have a valid cover.
• A claim form duly filled out and signed by you. You can get this form from your insurance company or download it from their website.
• Any other document that your insurance company may ask for, such as medical bills, repair bills, photographs of the damage, etc.

As individuals, we are all responsible for not causing harm to others or their property. But have you ever considered the potential risks and consequences of your actions? Accidents can happen, even when we are being careful on the roads. And in those situations, having a safety net becomes crucial. That is where third-party liability insurance comes in.

Third-party coverage in bike insurance is a fundamental policy that provides coverage for damages caused to anyone other than the rider or pillion rider of the insured bike. This coverage extends to property loss, bodily injury or even death.

Usually, the premium for third-party bike insurance gets determined by the Insurance Regulatory and Development Authority of India (IRDAI), which considers the engine displacement size as the basis for calculating the insurance cost. This means that if you and your friend own 150cc bikes, the premium for both vehicles will be the same.

However, it is worth noting that third-party liability insurance has several drawbacks. It does not, for example, cover damage to an insured vehicle. Furthermore, if the rider or pillion rider on the insured bike sustained severe injuries, the medical bills should be borne by the victim or covered by their health insurance. As a result, the policyholder may incur financial losses and medical expenses. So, should we forego purchasing third-party insurance for our bikes? Read on to know the answer.

Is third-party insurance mandatory for bikes?

According to the Motor Vehicles Act of 1988, all vehicle owners in India must have at least third-party liability insurance coverage. The government took this step to protect the general public from the financial burden of accidents caused by uninsured bikers. Now that you are aware of its significance, you should also familiarise yourself with situations when third-party coverage stands null and void.

• If you ride your bike in areas considered high-risk by your insurer and not covered by standard insurance policies, your policy is null and void.
• You won't be able to obtain policy benefits if you make a fraudulent claim, such as providing false information about the accident or the extent of damages or injuries or claiming for damages or injuries that did not occur.
• If you allow someone not authorised by your insurance policy to ride your bike, your third-party insurance will become void.
• If your insurer finds out that you were on your bike riding under the influence of alcohol or drugs at the time of an accident, your third-party insurance will become void.

What are the benefits of third party insurance for bikes?

While basic in nature, third-party bike insurance offers several key advantages:

• Legal compliance: Helps you avoid penalties and legal hassles by fulfilling mandatory insurance requirements.
• Financial protection: Covers the cost of damage caused to a third party-person or their property.
• Peace of mind: Accidents happen unexpectedly. This policy ensures that you’re not financially burdened due to someone else's damage or injury.
• Affordable premiums: Since it covers only third-party liabilities, the premium is much lower compared to a comprehensive two wheeler insurance policy.

What does third party insurance cover?

Third-party insurance for bikes covers the following:

• Bodily injuries or death of a third party: If your bike causes an accident that results in injury or death to another person, your insurer will cover the compensation payable.
• Property damage: If you accidentally damage someone else’s property, like a parked car, boundary wall or shop, the policy will cover the costs up to a certain limit.
• Legal expenses: Any legal costs arising from third-party claims are also covered under this policy.

What does third party insurance not cover?

While it is essential for legal compliance, third-party insurance has notable limitations. Here's what it does not cover:

• Own damage: Damages to your own bike, whether due to an accident, theft or natural calamities, are not covered.
• Personal accident cover: Unless purchased as an add-on, it does not include coverage for injuries or death of the bike owner/rider.
• Mechanical or electrical breakdowns: Issues like engine failure or wear and tear are not included.
• Driving without a licence: If an accident occurs while you’re riding without a valid licence or under the influence of alcohol, the claim will be denied.

For broader coverage that includes both third-party and own damage protection, opting for a comprehensive two wheeler insurance policy is a better choice.

Conclusion

Third-party two wheeler insurance is the most basic but essential form of protection every bike owner must have. It ensures legal compliance and offers financial protection against third-party liabilities, making your ride safer not just for you, but for everyone on the road. However, if you're looking for more robust protection, including coverage for theft, accidents and natural disasters, a comprehensive two wheeler insurance policy offers far greater peace of mind.

Evaluate your needs, riding habits and budget to choose the plan that offers the right balance of coverage and cost. And most importantly, never hit the road without valid insurance, because safety always comes first.

Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the topic featured in the article. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.

Buying and managing bike insurance online is made easy with a reliable information technology infrastructure. The process offers several advantages, including 24/7 online support, effortless payment options, an instant quote, customisable plans and an easy renewal procedure.

With the option to purchase bike insurance online, you can enjoy a hassle-free experience. This includes immediate policy issuance and easy access to your plan. Look for insurance plans allowing you to personalise your policy according to your needs, offer quick solutions for queries and round-the-clock support. Read the inclusions and exclusions of the policy before you decide to purchase a plan so that you know the exact scope of coverage.

Benefits of comprehensive bike insurance policy

There are many benefits of having a two wheeler insurance policy, as listed below:

• Comprehensive 2-wheeler Insurance Policy offers maximum financial protection for your bike and covers third-party liabilities.
• It provides a No Claim Bonus benefit and protects against theft.
• Additionally, this type of policy in India offers compensation for natural calamities
• Coverage against legal liabilities incurred towards any third party
• Coverage for personal injuries to the rider
• Protection against man-made damages
• Repair expenses
• Death benefit
• Financial assistance for the complete or partial physical disability of the rider
• As long as you hold a valid driving license, you can receive compensation for medical assistance.

With increasing traffic and a rise in the number of accidents, comprehensive insurance can give you peace of mind.

Features of comprehensive bike insurance

Given below is a list of key features of a two wheeler insurance policy:

• Comprehensive two-wheeler insurance allows limitless claims in a policy year or during the tenure of the plan.
• Most importantly, it also covers bodily injuries and provides compensation in case of death of the policyholder and the pillion rider.
• When opting for comprehensive bike insurance, the insurer sets an amount as a fixed sum assured and may offer discounts.
• The policy also covers costs incurred due to natural or man-made damages, with optional features like zero depreciation cover to save on consumables.
• You can tailor your policy with specific add-ons such as zero depreciation, engine protection and emergency roadside assistance.
• Additionally, comprehensive two-wheeler insurance policies cover third-party liability for property damage, bodily injuries and death, but compensation is limited to a specific amount as mentioned in the policy.
• Such policies include personal accident coverage to protect the policyholder against injuries resulting in temporary or permanent disability or death.

Who should buy a comprehensive bike insurance?

While every bike owner needs at least a third-party insurance as per Indian law, comprehensive two wheeler insurance is ideal for:

• Owners of new or high-end bikes, where repair costs are high.
• Riders in accident-prone or theft-prone areas.
• Frequent commuters or long-distance riders face an increased risk.
• Anyone wanting peace of mind, knowing their bike is covered against a wide range of uncertainties.

Essentially, if your bike is more than just a basic utility, if it is a prized possession or daily companion, a comprehensive plan is a smart investment.

Factors affecting comprehensive bike insurance

Several variables influence the premium and coverage scope of your two wheeler insurance policy:

• Age and make of the bike: Older bikes may have lower premiums but limited IDV (Insured Declared Value).
• Geographical location: Premiums may be higher in accident or theft-prone areas.
• Engine capacity: Higher engine displacement usually means a higher premium.
• Add-ons selected: Each add-on increases coverage but may also raise the premium.
• Claim history: If you have a history of frequent claims, it may impact your renewal benefits and cost.
• Deductibles: Choosing a higher voluntary deductible can reduce premiums but increase out-of-pocket expenses at the time of claim.

Conclusion

Purchasing two wheeler insurance online has never been more seamless or efficient. With a strong digital infrastructure, the entire process, from comparing quotes to renewing your policy, can be done in just a few clicks. Opting for a comprehensive two-wheeler insurance policy increases your protection by covering not just third-party liabilities but also damages to your own vehicle, theft, natural calamities and personal injuries. With the added ease of plans that can be customised according to your needs, round-the-clock support and quick claim settlements, comprehensive coverage ensures your ride remains safeguarded at all times.

Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the topic featured in the article. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.

Don’t save on insurance premium at the cost of all your life savings

India has long taken over China in being the world’s largest two wheeler market. One in every three households in India owns a two wheeler and we can see why. In the urban areas, increased traffic and overcrowded public transport has led to the increased use of two wheelers.

In the lesser developed parts of the country, two wheelers are just as popular, maybe even more, owing to the lack of public transport facilities. The parts of our country that were earlier left out on development projects, have now been seeing large-scale road construction projects, further boosting the use of two wheelers.

Convenient, cost-effective and easy to navigate through heavy traffic, two wheelers are our country’s favourite ride. But it’s not all good. There are also major concerns that arise with the use of two wheelers.

Safety Hazard

Two wheelers are and always have been one of the more risky commuting options. In our country, over 95% of the road accidents involve a two wheeler. While some of these cases can be blamed on adolescents driving rashly, poor road conditions and third-party mistakes, one of the major causes of such an alarmingly high number of bike accidents is completely avoidable.

Absence of Helmet

About 28 two wheeler riders die on a daily basis in India because of the lack of a helmet. A United Nations study found that the survival chance of a two wheeler rider is improved by 42% if they wear a helmet. In spite of the known cause of frequent two wheeler accidents as well as the solution, there has been no change in the devastating statistics.

A remarkable feature called Mobile Self Inspection has been introduced by ICICI Lombard in their Insure app. It allows insurance subscribers to renew their expired motor insurance conveniently.

It cuts back on the time that is normally required for mandatory inspection by an authorised surveyor. The mobile self-inspection is triggered only when a motor insurance policy expires and there has been a considerable time lapsed from the renewal due date.

A process called Break-in is commenced by the insurer when a subscriber seeks for renewal of an expired policy. In this procedure, the policy is issued based on successful investigation. Now, a new policy will be issued by the customers without manual investigation. The policy needs to be renewed by online payment through ICICI Lombard's website or mobile app.

The two-wheeler industry in India has grown rapidly. In the absence of public transport during the pandemic, a greater number of people are now purchasing two-wheelers. Indian roads are expected to get flooded with these vehicles in future. According to a recent report, domestic two-wheeler sales are likely to grow by 6-8% over the next five years as the economy comes out of the covid-19 induced downturn.

As the traffic will increase, so will the number of two-wheeler accidents. Especially, given the poor condition of Indian roads and the fact that many Indians often ignore traffic laws and safety measures. More than a third (37%) of those killed in road accidents in 2019 were two-wheeler riders, noted a Ministry of Road Transport and Highways’ report published in October, 2020.

Hence given the situation, motor insurance is a must-have for all two-wheeler owners. In case of an accident, the insurance policy will protect you from the financial liabilities arising from the accident. However, before you start browsing insurance policies online, you should first understand how the premium is calculated.

Important factors that affect your bike insurance premium

The following paragraphs will explain factors affecting the two-wheeler insurance premium quote:

• Type of coverage

In India there are two different types of motor insurance policies available— third party and comprehensive. Third-party insurance is mandatory by law, but it only covers damages/injuries to the third party involved in an accident. A comprehensive policy, on the other hand, covers third-party liabilities as well as own damages/injuries.

Since comprehensive two-wheeler insurance offer more coverage, their premiums are higher than third-party insurance premiums.

• Add-on covers

Add-on covers are usually recommended for two-wheelers. There are different types of add-ons available with two-wheeler insurance plans, such as zero depreciation, roadside assistance and high-end electrical and non-electrical accessories. All of these come at an extra premium.

• No Claim Bonus (NCB)

No Claim Bonus in bike insurance is a discount that is offered to you for every claim-free year. If you are renewing your bike insurance and have not filed any claim in the past year, you are entitled to a discount on the insurance premium. In this way, the insurance company rewards you for being a responsible rider.

NCB is usually 20% in the first claim-free year and can reach up to 50% in the fifth claim-free year, depending on the provisions of the policy document. If you have accumulated NCB, you can use it to reduce your two-wheeler insurance premium considerably at renewal.

• Anti-theft devices

Anti-theft device is a security feature that reduces the chance of your two-wheeler theft. This, in turn, helps in reducing the risk for the insurance provider. Just like how the insurers compensate for higher risk by charging a higher premium, the lower risk is rewarded with a lower premium.

• Anti-theft devices

Anti-theft device is a security feature that reduces the chance of your two-wheeler theft. This in turn helps in reducing the risk for the insurance provider. Just like how the insurers compensate for higher risk by charging a higher premium, the lower risk is rewarded with a lower premium.

• Voluntary excess

Two-wheeler insurance companies offer two features - Compulsory excess and Voluntary excess. Compulsory excess requires you to pay a certain percentage of the repair cost from your own pocket, while the insurer pays the rest. Compulsory excess is fixed and cannot be increased or decreased.

However, there is voluntary excess, which you can adjust at the time of purchasing the policy. You can go for a higher voluntary excess to lower the insurance premium. But a higher excess will require you to pay more money from your pocket if your two-wheeler is damaged.

• Make and model

The amount of premium also depends on the model of your two-wheeler and its manufacturer. The more high-end the model, the higher is the insurance premium you need to pay. That means if you are the owner of a Harley-Davidson or Ninja you would pay higher premiums.

• Engine capacity

Do you know the cubic capacity of your two-wheeler’s engine? If you do, you are one step closer to knowing what your insurance premium should be. The higher the engine capacity, the higher will be the premium charged.

• Geographic location

The geographic location of the person using the two-wheeler also contributes towards determining its premium amount. If you stay in an urban location with a higher density of traffic, this results in higher incidences of accidents. Well, that again means a higher premium for you!

Importance of using a calculator for bike insurance

With so many variables in play, figuring out the right premium manually can be complicated. That is where a bike insurance premium calculator becomes useful.

Why use a calculator?

• Accurate estimation: It considers your bike’s details, coverage type, location and other factors to give a real-time estimate.
• Comparison made easy: You can compare various two wheeler insurance premiums from various companies and choose what suits your budget and needs.
• Customisation: By selecting different IDVs or add-ons, you can see how the premium changes, helping you customise your policy effectively.
• Time-saving: No paperwork, no agent dependency, just enter your details and get your quote within seconds.

Whether you are buying a new bike or renewing your comprehensive two wheeler insurance, a calculator can help you make cost-effective decisions without compromising on coverage.

Conclusion

Two-wheeler insurance is now easily available online in India. ICICI Lombard has a simple process of buying as well as renewal of two-wheeler insurance policy online. It provides 24x7 claim assistance so that your claims are settled fast. Once you are aware of the factors that affect insurance premiums, you can easily decide on which policy to opt for.

However, before making any payment, it is always advisable to read the policy documents carefully so that you are fully aware of the benefits, inclusions and exclusions of the selected policy.

Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the topic featured in the article. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.

Using CNG-fuelled two wheelers to curb air pollution in Indian cities

For a nation stricken with air pollution, where millions of commuters prefer two wheelers, a sustainable and eco-friendly alternative to fossil fuels is the need of the hour. As per the International Organisation of Motor Vehicle Manufacturers (OICA) 2015 Statistics, the domestic motor vehicle sales in India between April 2015 and March 2016 was approximately 20.47 million units of which two wheelers were 16.5 million, constituting 80% of the total sales.

Another study by the Centre for Science and Environment (CSE) reveals that two wheelers account for 31% of vehicular pollution whereas four wheelers constitute 20%.

Considering the number of two wheelers on Indian roads, the total pollution caused by them is approximately 50% more than four wheelers. The search for alternate fuels for two wheelers is on a rise and Compressed Natural Gas (CNG) seems to be the road ahead.

CNG Fuelled Vehicles and their Positive Impact

A Natural Gas Vehicle (NGV) or a CNG fuelled vehicle is a vehicle that uses CNG as a cleaner alternative to fossil fuels. CNG offers several benefits over fossil fuels, such as:

• Engine parts corrode gradually with CNG than with fossil fuels
• Offers high mileage
• Almost 30% less emissions
• Cleaner emissions with an extremely low carbon content

The operational cost of CNG fuelled vehicle is 60% less than petrol and 28% less than diesel vehicles. Interestingly, replacing a diesel bus with a CNG bus is equivalent to taking 21 cars off the road. With deteriorating air quality in Indian metros, CNG fuelled vehicles are paving the way towards cleaner and reduced emissions.

Hawa Badlo

After its emergence as the world’s worst city in terms of air quality in 2014, strict measures have been adopted to improve the air quality in Delhi. Initially the odd-even formula for vehicles and now the adoption of CNG fuelled two wheelers, the national capital is committed to shed off the worst air quality tag.

These tips will ensure that you have the two wheeler that perfectly fits your requirement

After all these years, you’ve finally saved up enough to purchase a motorcycle to call your own. You are all excited about the prospect of having your own set of wheels and can’t wait to go to the showroom and check out the different bikes for sale.

You reach the showroom and the salesperson comes and asks for your requirement. After you state what you want, he takes you in and shows you some two wheelers and then some more. There are so many choices that you are feeling overwhelmed. All the excitement and eagerness, coupled with the salesman’s persuasive selling skills can lead to you choosing a bike that is not right for you.

Therefore, it is better to take your time, and go through the selection with the knowledge of knowing what you want. If you are lacking on the knowledge part, we have compiled a list of things that you should definitely check before settling on a purchase.

Check Out the Ergonomics

If a bike is not comfortable, then it is definitely not the right bike for you. You should try the bike at the showroom by taking it out for a test ride. Are your hands reaching the handlebars without stretching them? Are you comfortably seated or leaning forward? Are your feet in a relaxed position?

These are the things that you need to be sure about. If the ergonomics of the two wheeler is good, then it will be easier for you during your long weekend rides or lengthy road trips with friends.

Get to Know the Seat Height

The saddle height is an important consideration that, if not considered, can greatly reduce the joy associated with riding. Different types of motorcycles come with different types of seats, which affect the ability of the rider’s feet to reach the ground while on the two wheeler.

Riders having a short height and women riders prefer a low seat height, allowing them to swing a leg over the bike easily. Heavier bikes usually demand flat feet during stops to maintain balance, whereas lighter bikes can be balanced by just the tip of your toes.

With or Without Fairing?

Purchasing a bike with or without a fairing is a decision that totally depends on the rider and what his plans are for the bike. Bikes without a fairing look good, but the lack of a windscreen means that they prove to be exhausting on long rides. This is because the oncoming wind exerts pressure on your body and tires your arms out.

So, if long rides is what you plan on doing, then a faired two wheeler is what you should go for. It can make your rides pleasant and also stop the elements from cutting your ride short.

Do You Travel Light?

Riding a bike is all about the sense of freedom and getting lost from the daily hustle. Though, the real joy of riding lies in bikes that are lithe and can take to corners naturally, they can prove to be a problem for long rides. Having a motorcycle that does not have provisions for keeping luggage can put a spanner in your weekend riding plans.

Getting a two wheeler that comes with saddlebags, or is at the very least, capable of getting fitted with one would be the smartest choice.

Is Fuel Efficiency Your Main Concern?

For Indians, the right bike is usually the one that gives the most mileage. But, riders are passionate people who are devoted to the cause of riding and freedom. Fuel efficiency is still a concern, but not a big one. Having said that, nobody would appreciate owning a two wheeler that demands regular fuel stops.

With the help of the multi-year insurance policies for two wheelers, consumers can save their money and effort

With an exponential rise in the number of vehicles, the probability of accidents rises. Insurance is like a backup instrument that protects us against the losses in the event of an adversity. As per the Motor Vehicle Act, 1988, insurance is mandatory for vehicles.

General Insurance Council has estimated that 60% of motor vehicles running on the Indian roads are not insured. In the year 2015-16, India had approximately 19 crore registered vehicles out of which only 8.26 crore were insured.

A Penny Saved Is A Penny Earned

The premium payable and sum assured does not change during the course of a multi-year policy. The consumer can save up to 20-40% on the premiums as these policies do not revise the rates each year. In multi-year insurance policy, making a claim does not necessarily mean that the NCB will fall down to zero.

Consumers could get up to 40% NCB in a multi-year insurance policy at the end of 3 years, compared to 35% in a single-year policy. Apart from that, some Insurance companies offer surprise discounts on purchase of a multi-year insurance policy.

Avoiding Chaos of Compliance Every Year

Vehicle Inspection during the time of renewal is a headache for many. Multi-year insurance policy frees you from it. As the two-wheeler is insured for three consecutive years, consumers do not have to worry about carrying the documents with them to renew their policies.

Third Party Liability Insurance

A third-party bike insurance policy is mandatory by law and those caught riding without it can be fined ₹2,000 or imprisonment up to 3 months, or both. The third party cover protects you from legal liability for damage or loss caused to a third party person/property. A multi-year insurance policy offers relatively lower prices if the consumer wants to opt for it.

Motorbikes are a valuable possession and a daily necessity. But no matter how careful you are, scratches and minor damage can happen. From parking in tight spaces to small accidents or even bad weather, scratches on your bike are common. This leads to a question: Can insurance be claimed for bike scratches?

Knowing how insurance works in such cases is important. Not every scratch or dent is serious enough to warrant an insurance claim. Let us find out more about insurance claims from this blog.

Benefits of not claiming insurance for minor issues

You can claim insurance even for bike scratches, but it depends on the type of insurance cover you have. If you have comprehensive bike insurance, it usually covers both major and minor damages, including scratches, dents and other small repairs. However, if you only have a third-party insurance policy, you cannot claim damages to your own bike. While it is tempting to raise a claim for every scratch or dent, especially if you have comprehensive insurance, there are some clear benefits to avoiding insurance claims for minor damage.

• Protecting your No-Claim Bonus (NCB)

No-Claim Bonus is a discount you receive on your premium for not raising any claims during the policy period. If you raise a claim for a small scratch, you may lose this benefit, which could lead to higher premiums later. Over time, the NCB can significantly reduce your insurance costs, so it is often better to preserve it by not claiming for minor repairs.

• Avoiding higher premiums

When you make a claim, insurers may see you as a high-risk customer. This can result in higher premiums during your next renewal. For minor damage that costs less than your expected premium increase, it makes more sense to pay out of pocket.

• Deductibles and out-of-pocket costs

Most insurance policies have a deductible, which is the amount you must pay before the insurer covers the rest.

• Faster and simpler repairs

When you handle minor repairs yourself, the process is much quicker. There’s no paperwork, no waiting for claim approvals and no inspections. This can save you time and effort when the damage is very small.

When should you raise an insurance claim?

While it’s usually better not to raise a claim for small scratches, there are times when using your insurance makes sense. You should consider raising a claim when:

• The damage is serious

If the scratches are deep and part of a larger accident or if they affect important parts like the fuel tank or engine casing. In such cases, the cost of repairs can be high and your policy can help reduce your financial burden.

• The repair cost is much higher than the deductible

If the cost of fixing the damage is far more than your deductible amount, you should raise a claim.

• You are not at fault

In cases where another party caused the damage and you have comprehensive insurance, you can raise a claim. It will not affect your NCB. Always inform your insurer and provide necessary proof, like pictures or a police report if needed.

• The damage affects the look or resale value of the bike

Sometimes, even scratches can reduce the resale value of your bike. If your bike is relatively new or if you are planning to sell it soon, you might want to get the repairs done through insurance to restore its appearance properly.

Alternatives to raising claims for minor scratches

If you decide not to claim insurance for bike scratches, there are a few practical options to consider.

• DIY repair kits:

Small scratches can often be fixed with do-it-yourself scratch removal kits. These affordable kits are available online or in local stores. They usually include polishing compounds and cloths that can make minor scratches nearly invisible.

• Local garage services:

Visiting a trusted local mechanic or body shop is a good choice for minor repairs. The costs are often low, and you can avoid paperwork and delays. Some garages even offer touch-up services that match your bike’s paint perfectly.

• Professional detailing:

If you want the bike to look like new but don’t want to file a claim, a professional detailing service can help. While more expensive than DIY options, it still may cost less than losing your no-claim bonus.

• Ignore minor damage:

Sometimes the best option is to simply ignore small scratches, especially if they do not affect the bike's performance or safety. Motorbikes used daily will naturally show signs of wear and tear over time, and most riders expect a few blemishes.

Conclusion

Insurance can be claimed for bike scratches, but it depends on your type of insurance. If you only have third party bike insurance, then scratches to your own bike are not covered. Only a comprehensive policy allows you to claim for such minor damage. However, just because you can claim it doesn't always mean you should. Choosing not to raise a claim for small scratches has several benefits.

On the other hand, when the damage is significant or repair costs are high, raising an insurance claim can be the right decision. Always weigh the cost of the repair against your deductible and think about the long-term impact on your insurance premiums.

Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the topic featured in the article. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.

The months of March, April, and May in India’s hot climate are known for having exceptionally humid days. The steps for bike maintenance in summer are very dissimilar to those you must take in the winter or rainy season. This can make it challenging as heat and grit are two of the hardest things for bikers to contend with during summer.

The worst possible scenario for a biker would be staring at a mechanical breakdown in the middle of nowhere during the hot summer months and being unable to ride home or reach one’s destination on time. We prefer maintenance over replacement. In this article, you will learn bike maintenance tips for summer on how to maintain your vehicle to withstand the scorching heat.

Keeping Tyre & Brakes in Check

• It is generally agreed upon that the bike's tires are one of the component sets that contribute the most to its overall functionality. Their current condition significantly impacts the ability of the tires on your bike to dissipate heat.
• The summertime is the time of year when tires are most susceptible to damage. Due to the possibility that your bike’s tires could abruptly blow out in this kind of severe weather, it is imperative that you perform routine inspections on them as often as possible.
• Before setting out on your journey, you must carefully examine the vehicle to search for any indications of damage.
• Brakes are essential to ensure the safety of all vehicles on the road. The brakes shouldn’t be overly tight or loose; they should be able to stop your bike when a reasonable amount of pressure is applied.
• You must replace the brake pads when they reach a certain degree of wear and tear because they deteriorate over time. If your brakes are screeching, it is a warning indication. You should get them fixed or repaired as soon as possible.
• You should change the brake fluid every two to three months or as per the manufacturer’s recommendation.

Fluids and Oil Levels

• You must check the oil level in the vehicle routinely to maintain your bike in good condition. You should do this at regular intervals. Experts advise against never letting a motorcycle’s oil tank run dry because doing so leaves the tank open to particulate accumulation. This can have a long-term detrimental effect on the motorcycle’s performance.
• You must regularly change the cooling fluid if you ride a motorcycle that uses liquid to cool the engine. The capacity of the coolant to absorb heat will decrease over time.
• During the fall and winter months, stock your radiator with antifreeze of the highest possible quality. By allowing for faster cooling, it shields your motorcycle from the potentially damaging effects of heat in summer and keeps the engine cool.
• You should avoid filling up the gas reservoir when the weather is hot. This is because petroleum tends to expand when exposed to high temperatures. If you keep your motorcycle in a location where it remains exposed to the sun in its entirety, there is a possibility that it will overheat and catch fire.
• You should maintain a reserve that will help in an emergency if your vehicle runs out of fuel. This acts as a great bike maintenance tip for summer, as it ensures that you do not get stranded for hours in the heat.

Jumping a red light is one of the most common traffic violations in India, especially among two-wheeler riders. Whether done accidentally or on purpose, this act is dangerous and against the law. It not only puts the rider at risk but also endangers the lives of others on the road. Authorities have become stricter over time, and heavy fines are now in place to control such behaviour. Following traffic signals, especially at busy junctions, is an important part of safe driving.

In this blog, we will look at the rules for traffic lights and the penalties for jumping red lights.

Traffic lights rules: Green, yellow and red light

Traffic signals are provided to control the flow of vehicles and ensure the safety of everyone on the road. Each colour in the traffic light system has a specific meaning:

• Green light: When the light turns green, it means you can move forward or take a permitted turn. However, make sure the path is clear before proceeding.
• Yellow light: A yellow or amber light is a warning that the signal is about to turn red. If you are far from the signal, you should slow down and stop. It is not an invitation to speed up and cross quickly.
• Red light: This means 'stop'. You must bring your bike to a complete halt before the stop line. Moving ahead during a red signal is illegal and can lead to fines or penalties.

Many accidents at traffic junctions happen because riders do not respect the red light. It is vital to understand that even if the road looks empty, the rules still apply. Cameras and traffic officers keep a close eye on such violations.

Fine for jumping red light in different states

The Indian Motor Vehicles Act has laid down specific penalties for traffic violations, but individual states have the authority to adjust the amount of the fine depending on their policies.

Below is the list of a few states and their respective fines:

What happens after you get caught breaking traffic rules?

When you are caught jumping a red light, several things can happen:

1. On-the-spot fine: A traffic police officer may stop you and issue a challan immediately. You will be asked to pay the fine or be given time to pay it later.
2. E-challan: In many cities, traffic police use cameras to monitor signals. If your bike is caught on camera, you will receive an e-challan through SMS or post.
3. Court notice: In extreme cases, like aggressive or dangerous driving while jumping a red light, you might be summoned to court.

How to pay challan online?

Thanks to digital services, paying traffic fines is now simple and quick. If you have received an e-challan or were stopped by the police, there are both online and offline ways to clear the fine.

Online process

1. Visit the official website of your state’s traffic police or the Parivahan portal.
2. Enter your vehicle number/challan number to check the pending fine.
3. Verify the details of the offence.
4. Proceed to the payment option using a debit card, credit card or net banking.
5. Once paid, you will get a confirmation message or receipt.

Offline process

If you prefer to pay in person:

1. Go to your nearest traffic police station or court as mentioned in the challan.
2. Provide your challan details and vehicle documents.
3. Pay the fine.
4. Collect the receipt and keep it safe for your records.

Tips to avoid breaking a red light

Here are some practical suggestions to help you stay safe and avoid breaking red lights:

• Plan your journey with enough time so you are not rushing to reach your destination.
• Always slow down when approaching a signal, especially if the light is yellow.
• Pay attention to road signs and signals even if the road looks empty.
• Do not try to beat the red light. It is safer to wait for the green signal.
• Stay alert at all times, especially in busy traffic areas and near schools or hospitals.
• Regular vehicle maintenance ensures your brakes and indicators are working properly.
• Always stay covered with insurance. This not only protects you financially in case of accidents but also ensures compliance with the law.

In India, having third party bike insurance is a legal requirement for all bike owners. This type of bike insurance covers the cost of damage or injury caused to another person or vehicle in an accident. While it does not cover damage to your own bike, it helps you avoid major expenses in case you are involved in a mishap.

Conclusion

Understanding the fines in different states and knowing how to pay a challan can save you time, money and legal trouble. Jumping a red light might seem like a small mistake, but it can have serious consequences. It may put lives at risk and lead to heavy penalties, loss of licence or legal troubles. Every rider must understand and respect traffic signals to ensure road safety for all.

Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the topic featured in the article. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.

When it comes to bikes, there is nothing quite like the thrill of hitting the open road with the wind in your hair and the engine revving beneath you. But have you ever stopped to wonder what gives your bike that extra kick of power? The answer lies in your bike's engine CC. Let’s delve a bit deeper into understanding bike cc meaning.

CC is a measurement that determines how much air and fuel your bike’s engine can compress in a single stroke. In other wordzs, it is what makes your bike’s heart beat faster and harder. Let's delve deeper into the concept of bike CC!

What is the Meaning of CC in a Bike’s Engine?

In the context of engines, CC full form in bike means “cubic centimetre” or “cubic capacity.” The meaning of cubic capacity is a unit of measurement used to express the engine’s displacement. During one complete cycle of operation, the engine displacement refers to the total volume of air and fuel mixture that the engine’s cylinders can sweep through.

To calculate the displacement of an engine, one multiplies the cross-sectional area of the cylinder bore by the distance the piston travels during each stroke. For example, if a cylinder has a bore of 50 mm and a stroke of 60 mm, the displacement of that cylinder would be:

Displacement = (pi/4) x (50 mm) ^2 x 60 mm = 471 cc

In a multi-cylinder engine, the total displacement is the sum of the individual cylinder displacements. For example, a four-cylinder engine with a displacement of 471 cc per cylinder would have a total engine displacement of:

Total displacement = 4 x 471 cc = 1884 cc

The displacement of an engine is a vital factor in determining its power output, with larger engines generally producing more power than smaller ones. However, other factors such as compression ratio, valve timing, and fuel delivery also play a role in determining the engine’s power and efficiency.

How Does CC Impact Bike Insurance Premium?

The Insurance Regulatory Development Authority of India (IRDAI), the country’s insurance industry regulator, and insurance providers jointly decide on vehicle insurance pricing. The former sets forth the premium for third-party liability coverage and guidelines that insurance companies must adhere to when calculating the cost of own-damage coverage.

The IRDAI considers the vehicle’s engine displacement size when determining third-party insurance. That indicates the third-party premium for two identical vehicles with similar cubic capacities will be the same. The table displaying the cost of third-party insurance for various displacement sizes is detailed below.

As per the revised rule, owners of new vehicles must purchase a multi-year policy. Another thing to keep in mind here is that premium increases with displacement size because higher displacement size engines tend to have higher horsepower and torque, which can lead to more aggressive driving behaviour, increasing the likelihood of accidents. 

Indian bike market provides several options to seasoned and amateur riders. If you plan to buy a two-wheeler, understanding the different types and their features will help you choose a good one that matches your needs and personal taste. This article will look at the different types of bikes on Indian roads and underline the importance of bike insurance for a tension-free ride. Ultimately, we aim to assist you in making a decision that aligns with your best interests.

Types of Bikes in India

Based on design, utility, and performance, bikes in India can be categorised into the following types-

• Motorcycles without Gear

These motorcycles are designed for easy riding, making them a good choice for beginners. These are lightweight and have automatic transmission, ideal for urban landscapes. Popular examples are the TVS XL100 and Honda Navi.

Advantages

• Easy to ride
• Low maintenance
• Affordable

• Street Bikes

These are the most common types of motorcycles on Indian roads. They are ideal for daily commutes and offer a blend of mileage and performance. They run smoothly on the road and sidewalks and are popular with bike enthusiasts. Honda Splendour and Bajaj Pulsar are the top street bikes in India.

Advantages

• Fuel efficiency
• Comfortable for medium-distance rides
• Budget-friendly

• Sports Bikes

Sports bikes are premium motorcycles with speed, style, and performance that suit adventurous rides. These are lighter in weight and packed with modern technology. They have high-performance, four-stroke, liquid-cooled engines. Some popular sports bikes in India are the Hero Xpulse 200 and Kawasaki Ninja.

Advantages-

• High-speed
• Superior handling
• Sleek and stylish make

• Dirt Bikes

These bikes are specially made for off-roading and uneven landscapes. Knobby tires, lightweight structure, and better ground clearance make them popular for adventure bikers. Made with plastic, these bikes are also used for races and exploration. Kawasaki KLX 140G and Suzuki RM-Z250 are examples of dirt bikes available in the Indian market.

Advantages-

• Amazing off-roading experience
• Durable construction
• Suitable for exploration of trails and uneven regions

• Cruiser Bikes

These are known for superior comfort and style. The relaxed seating position, wide set handles, and powerful engine make cruiser bikes ideal for long rides. Also known as beach cruisers, these two-wheelers became fashionable in the 1930s-50s, when they were used for leisurely rides along sea beaches. These continue to be popular among riders. Some common cruiser bikes in India are the Royal Enfield Classic 350 and Harley Davidson Street 750.

Advantages-

• Powerful performance
• Stylish make
• Comfortable for long rides

• Touring Bikes

These two-wheelers are exclusively designed for long rides. They are packed with larger fuel tanks, space for luggage, and windshields to protect the rider. With a balance of endurance and comfort, these bikes are loved by adventurers who love to take the roads less travelled. The Royal Enfield Himalayan and Bajaj Dominar 400 are popular touring bikes among Indian bikers.

Advantages-

• Balance of performance and comfort
• Perfect for navigating highways and remote areas
• Advanced features for touring

• Scooters

These two-wheelers are one of the most popular bikes in India. Affordable, easy to ride, and convenient for all ages, scooters come with automatic transmission, ample leg space, and comfortable seats, all within an affordable price range. Honda Activa, TVS Jupiter, and Suzuki Access 125 are some of the most common scooters among Indian buyers.

Advantages-

• Easy to learn and ride
• Ample storage space
• Affordable price and fuel-efficient performance

Why Buy Bike Insurance Online?

The benefits of buying bike insurance online are listed below:

• Compared to going to the dealer, purchasing bike insurance online and renewing it on time saves significant time and effort.
• Online bike insurance is also cost-effective, as one can take advantage of various discounts and offers.
• The online bike insurance purchase process is also far more transparent as compared to showroom bike insurance, as one can check the reviews and feedback of existing customers.
• The online claim settlement process is also efficient and swifter, making it easy to file claims and keep track of their status.
• The online renewal process is also easy and gets done with a few clicks.
• Dealers provide “bundled” bike insurance policies. Purchasing it online allows customers to choose a policy that best meets their requirements.
• As no intermediaries are involved when you make a purchase online, you are free to filter features according to your needs. This eliminates the possibility of the preference of any insurance agent. Hence, you are in a position to make a selection based on the policy’s features rather than the opinion or recommendation of an individual.

To sum up, buying bike insurance online offers numerous benefits, such as cost-effectiveness, transparency, convenience, and faster claim settlement. It is indeed a more convenient and financially rewarding way of purchasing a bike insurance policy as compared to purchasing it from dealers.

FAQs

1. What is the most popular bike in India?

Commuter bikes, due to their affordability and performance, are the most popular type among  Indian riders.

2. -Which is the number 1 bike in India?

Hero Splendour is voted the number 1 bike in India, preferred by most buyers for its fuel efficiency and durability.

3. What is the most fuel-efficient bike in India?

Hero Splendour Plus and Bajaj Platina 110 are popular for their superb mileage, perfect for cost-conscious buyers.

3. Are dirt bikes legal on Indian roads?

Dirt bikes are not allowed on Indian roads as they do not come with proper safety equipment such as headlights, mirrors, and brake lights and are thus considered “non-street” bikes.

4. Is scooty safer than a bike?

Due to better stability and comfort, scooty may be preferred over bikes. However, overall safety depends on the rider's skills and ability to follow road rules.

5. Are bigger bikes safer?

Bigger motorcycles offer stability at higher speeds but can be difficult to control for beginners, making them prone to accidents.

Conclusion

India has a diverse bike market that caters to the needs and tastes of its varied consumer base. From dirt bikes to everyday commuter bikes, the choices are unending. Thus, it is important to know about the different options to make an informed decision. Whichever model you buy, it is essential to obtain bike insurance to protect your cherished two-wheeler. Having understood the selections available in the market, you are all set to buy the perfect bike yourself. Happy riding!

Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information. 

Picture this; You are cruising down the open road on your beloved motorcycle, feeling the wind in your hair and the sun on your face. As you navigate the twists and turns of the scenic route, you feel confident knowing you have insurance coverage to protect you in case of an accident. But what if that coverage is not as secure as you think? Yes, you read that right. Failure to follow some basic rules and regulations could result in rejected claims, leaving you stranded without coverage. So, buckle up (or should we say helmet on) and get ready to explore the essential things you need to keep in mind to ensure your bike insurance remains valid.

Things That Can Make Your Bike Insurance Void

Motorbike insurance should be purchased at the same time as a motorcycle to offer financial security in the event of an accident. However, several elements might result in a rejected claim. This may be the case when another person is riding your bike and causing you harm or if your vehicle gets damaged due to overspeeding. If the owner is involved in an accident, the insurer will pay to fix it, but if you lease or lend your two-wheeler, the borrower will be responsible for the costs. Motorcycle insurance does not account for depreciation due to normal use, maintenance, or repairs. The insurer will not compensate you if you lose the keys to your motorcycle or leave them on the bike, which then gets stolen.

Two-wheeler insurance does not provide coverage for mechanical or electrical breakdowns. The insurer will provide no compensation if an unauthorised rider or a minor who does not possess a valid license causes an accident. In addition, your insurance company will not pay for anything that goes wrong while you're riding drunk or under the influence of illegal substances. The insurance provider will reject your claim if you suffer any injury or there is damage to your two-wheeler that results from not wearing a helmet. Natural catastrophes and man-made disasters like riots and wars are not covered if they cause damage to the bike.

Some factors that could make your two-wheeler insurance policy null and void are:

1. Bike Modifications

Companies categorise bike modifications into two types: cosmetic and performance-enhancing. Cosmetic alterations may include

• changes to the paint job, graphics, or accessories like a windscreen or saddlebags
• external fittings like a luggage carrier
• performance-enhancing modifications may include alterations to the engine, suspension, or exhaust system.

If you fail to declare these modifications to your insurance company, your policy stands void. Additionally, if you install a larger engine or modify the exhaust system, your bike may become louder and attract unwanted attention from law enforcement while making the insurance cover invalid. Always check with your insurer about modified bike insurance rules.

Certain insurance companies may assess the price for motorcycle upgrades depending on the policy. Remember that any changes you make to your bike, no matter how modest, will likely result in a higher premium. Your insurer may refuse to pay claims or even terminate coverage if you do not inform the insurance provider of the modifications. However, if an insured person with a disability chooses to use a two-wheeler and makes special adjustments to the vehicle, the insurance company will not increase the premium. The insurer offers further discounts on the premium in such cases.

2. False Claims

Insurance companies rely on accurate information to assess risks and determine appropriate coverage and premiums. False information can lead to fraud charges and legal consequences, damage the trust between you and your insurer, and result in the denial of your claim and cancellation of your policy.

3. Fleeing the Site of the Accident

When you are involved in an accident, the law clearly states that you must stop and exchange information with the other parties involved. Failure to do so is considered a hit-and-run and is a criminal offence. Insurance companies consider hit-and-run incidents to be intentional acts and may deny your claim as a result. Additionally, leaving the scene of an accident can make it more difficult for your insurance company to properly investigate the incident and assess liability, further jeopardising your coverage.

Riding a motorbike can be a thrilling experience, but it also comes with its share of inherent risks. No matter how skilled and careful a rider you are, accidents can happen, and the consequences can be devastating. That is why it is essential to have the right insurance coverage in place to protect yourself and your loved ones from financial hardship in the event of an accident. Personal accident coverage is one type of coverage you may encounter when shopping for bike insurance. But what is it, and why may you require it?

Without giving too much away about the specifics of personal accident cover, it is worth noting that accidents can have a wide range of consequences beyond just physical injury. They can impact our ability to work, our mental health, and our relationships. Personal accident coverage helps mitigate some of these impacts by providing financial support when we need it most.

Initially, the Motor Vehicles Act required bike owners to have at least third-party insurance to ride legally on the road. However, due to the number of road accidents, the Insurance Regulatory and Development Authority of India (IRDAI) later made personal accident insurance mandatory as well.

What is a personal accident cover?

A personal accident (PA) cover is a vehicle insurance add-on that offers financial protection to the owner-driver of a two-wheeler in case of an accident. It provides compensation for medical expenses, temporary or permanent disabilities, and even death caused by an accident while riding the insured vehicle.

Key features of a PA cover:

• Coverage for disabilities: Offers financial aid in case of partial or total disability due to an accident.
• Death benefits: Provides a lump sum amount to the nominee or family in case of the insured’s untimely death.
• Flexibility: PA cover can be purchased separately if not included in the base insurance policy.

What is the importance of personal accident cover?

The importance of a PA cover cannot be overstated, especially for two-wheeler riders who are more vulnerable to road accidents. Here is why it is crucial:

1. Mandatory as per law: As per the Indian Motor Vehicles Act, a PA cover is compulsory for all vehicles, including two-wheelers.
2. Financial protection: Accidents often come with hefty medical bills. PA cover ensures that you or your family does not face financial hardship during such times.
3. Disability compensation: In case of partial or total disability, the cover provides monetary compensation to help you cope with lifestyle changes or loss of income.
4. Peace of mind: Knowing that you are covered against unforeseen circumstances allows you to ride with confidence.

How to buy a personal accident cover in bike insurance?

Getting a PA cover is straightforward and can be done in multiple ways:

1. With comprehensive insurance: Many comprehensive two-wheeler insurance policies already include a PA cover as part of the package.
2. Standalone PA cover: If your existing insurance policy does not include a PA cover, you can purchase it separately from any insurance provider.
3. Online purchase: Most insurance providers offer the option to buy or add a PA cover online through their website or mobile app.

Steps to buy a PA cover online:

1. Visit your insurance provider’s website or app.
2. Enter your bike details and select your existing insurance policy.
3. Choose the PA cover add-on or standalone option.
4. Make the payment, and the updated policy will be issued immediately.

What is covered in personal accident cover in bike insurance?

As per the rule, you need a personal accident cover of Rs 15,00,000 to ride penalty-free. Here is what the PA rider covers.

• Accidental death: If the insured passes away unexpectedly in a road accident, the insurance company will provide the full sum insured to the nominated beneficiary.
• Disability: In the event of disability, the compensation will be in the following percentage.  

What is not covered in personal accident cover in bike insurance?

While a PA cover is comprehensive, it does have certain exclusions. Here is what it does not cover:

1. Drunk driving: Accidents caused under the influence of alcohol or drugs are not covered.
2. Unlicenced driving: If the insured does not have a valid driver’s licence at the time of the accident, the claim will be rejected.
3. Suicidal attempts: Self-inflicted injuries or suicide attempts are not included.
4. Racing or speed trials: Damages caused during illegal activities such as racing are not covered.
5. Non-accidental death: Natural causes of death, such as illnesses or old age, are excluded.

How to claim PA cover in bike insurance?

Filing a claim under the PA cover is a systematic process. Here is a step-by-step guide:

1. Notify the insurer: Inform your insurance provider immediately after the accident.
2. Collect necessary documents:
• FIR or police report (in case of major accidents).
• Medical records and bills.
• Disability certificate (if applicable).
• Death certificate (in case of accidental death).
3. Submit the claim form: Fill out and submit the claim form and the required documents.
4. Insurer verification: The insurer will verify the claim details through police or hospital records.
5. Claim settlement: Upon approval, the insurer will disburse the claim amount to the insured or the nominee.

FAQs

1. Is personal accident cover mandatory for two-wheeler insurance?
   

   Yes, the Indian Motor Vehicles Act mandates a PA cover for all vehicle owners, including two-wheelers.

2. Can I buy a PA cover separately?
   

   Yes, you can purchase a standalone PA cover if it is not included in your current insurance policy.

3. What is the sum insured under a PA cover?
   

   The standard sum insured is ₹15 lakh, but it may vary based on the insurer and policy terms.

4. How long does it take to settle a PA cover claim?
   

   Claim settlement timelines vary by insurer but generally take 7–15 days, provided all documents are in order.

5. Can passengers be covered under the PA policy?
   

   Yes, some policies allow you to extend PA coverage to pillion riders by paying an additional premium.

6. Do I need to buy separate PA covers if I have two bikes?

No, a single PA cover will provide coverage for both your bikes since it applies to the individual policyholder.

7. Do I need different PA covers for my bike and car?

No, since the PA cover is applicable to the individual, a single personal accident cover purchased for the policyholder will suffice for multiple vehicles. 

Conclusion

A Personal Accident cover in bike insurance is not just a legal mandate—it is a life-saving financial safety net. It offers protection against emergencies and accidents, ensuring that you and your loved ones are financially secure in a difficult situation. From covering medical expenses to providing compensation for disabilities or accidental death, a PA cover is a must-have for every bike owner. By understanding its importance, coverage, and exclusions, as noted in this blog, you can make an informed decision to make the most of your two-wheeler insurance policy.

Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the topic featured in the article. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.

For many people, their cars and bikes are an extension of themselves. They go to extremes to customise their vehicles so that it reflects their personality. Another way people like personalising their cars and bikes is by opting for a fancy bike number plate at the time of vehicle registration at the local RTO.

Usually, RTO randomly assigns the next available registration number to a vehicle during the documentation process. However, if you wish for fancy bike number plates with a particular number of your choice, you can get them (provided the number is not taken by somebody else) by paying a fee. Read on to know what you need to do to have your car or bike feature in the 4-digit fancy number list.

How to get a fancy registration number for your car in India?

You can get a VIP or fancy bike number plate in India by paying a higher fee. However, that is not all. To acquire a fancy registration number, you will have to bid for the same through an e-auction of the VIP car number. Follow the steps given below if you are wondering how to get a fancy number plate for your car or bike in India:

Step 1: Visit the official website of the Ministry of Road Transport and Highways (MoRTH) and register online as a public user.

Step 2: Log into your account and choose an available fancy number.

Step 3: Next, pay the registration fees and reserve the fancy number.

Step 4: The number is kept open for reservation for some time. If within that period more than one person reserves the fancy number, then it is opened for bidding. If not, the number is given to the person who reserved it.

Step 5: If someone else has reserved the number of your choice, then bid for the VIP car number. The number will be given to whoever bids a higher amount for the number.

Step 6: When the result is declared, based on the result you can either pay the balance amount or apply for a refund.

Step 7: If you get the fancy number then for your reference and future use, print the letter of allotment.

Fees and registration charges for car and bike fancy number

The registration charges for a fancy bike number plate or that of a car vary from state to state. The rules of payment and refund are also not the same for every state. For instance, in Delhi, the registration fees for a fancy number for a bike or VIP car number are non-refundable, irrespective of whether you get the fancy number or not. Given below is the reserve charge list for fancy numbers in Delhi.

Having bike insurance in India is a legal requirement and a smart financial decision. With increasing road traffic and unpredictable accidents, having the right protection for your two-wheeler can save you from heavy expenses. Knowing how to claim bike insurance properly ensures you get the benefits when you need them the most.

In this blog, we will explain the two-wheeler insurance claim process in India, the types of settlements available, the required documents and common reasons why claims are made.

Bike insurance claim settlement process in India

The claim settlement process refers to the steps you need to follow to get compensation after an incident involving your bike. Whether it's an accident, theft or damage due to natural causes, your claim must be filed correctly and promptly.

The process usually begins with informing your insurance company about the incident. Next, a surveyor is sent by the insurer to inspect the damage. Depending on the policy and the extent of the damage, the company may either approve or reject the claim. If approved, the settlement will be done either through a cashless facility or via reimbursement.

Cashless claim settlement

A cashless claim settlement is a facility where you can get your bike repaired from a network garage without paying upfront for the repairs. The insurer settles repair bills directly with the garage, which reduces your out-of-pocket expenses.

When you choose a cashless claim, the process is smoother and quicker. After the accident, you must inform your insurance provider and take your vehicle to an authorised garage. A surveyor sent by the insurance company will inspect the damage and approve the repairs. Once repairs are done, the insurer will pay the bill directly to the garage.

Reimbursement claim settlement

A reimbursement claim settlement is when you get your bike repaired at a garage of your choice. You pay the expenses and claim the amount from your insurance company.

To make a reimbursement claim, you must inform your insurer about the damage, get the repair estimate and get the damage assessed by the surveyor. After repairs are completed, submit all the bills and receipts along with a claim form and required documents to the insurer. Once your claim is checked and approved, the insurer will reimburse the repair amount to your account after deducting applicable charges.

Documents required for filing a bike insurance claim

Here is a list of the commonly required documents:

In case of accidental damages

• Active two-wheeler insurance policy document
• Copy of road tax receipt and registration certificate; the insurer may also request the original documents for cross-verification
• Copy of police FIR
• Driving licence of the policyholder/driver on the steering wheel at the time of the road mishap
• Repair estimates prepared by the garage where you intend to have the damage fixed
• Payment receipt or original repairs invoice
• Discharge voucher from the garage with your signature on it

In case of bike theft claims

• Duly filled claim application
• Original registration certificate
• Original bike insurance document
• If you previously had insurance with another motor insurer, provide the complete details of that policy
• Service record book
• Warranty certificate
• Police FIR's original copy
• Subrogation letter
• Copy of acknowledgment of your request to the RTO to declare your bike as 'Non-Use'
• Duly filled and signed Form No. 28/29/30
• Form 35 and NOC (from a lender) in case of a bike bought on a loan
• Claim discharge voucher having your sign across the revenue stamp
• Your insurer may request a 'Vakalatnama' or other documents as they see fit

In case of third-party claims

• Claim form with your details and signature on it
• Police FIR copy
• Policy document
• Driver's licence of the person driving the car during the incident
• Car's registration copy
• A stamp is necessary for commercial four-wheelers

Steps for filing a bike insurance claim

Filing a bike insurance claim in India involves several important steps:

The claim process for the third party

• Step 1

As soon as your bike collides with another vehicle, notify your insurer and file an FIR at the nearest police station. If you or your vehicle is hit by a bike, ask the owner of the bike for their insurance information so you can file a claim.

• Step 2

The insurer will verify the essential information before forwarding the claim to the Motor Insurance Claim Tribunal Court. The court will decide whether or not the claim is legitimate.

• Step 3

If the claim is found to be legitimate, the court will determine the amount of compensation. The insurer will then settle it accordingly.

The claim process for the own-damage

• Step 1

Notify your insurer as soon as the damage occurs. Delays in the notification will result in claim rejection. If the bike is damaged in an accident, an FIR is required.

• Step 2

Your insurer will appoint an inspecting officer. He will be in charge of determining the extent of damage and the nature of loss after which the report will be prepared and sent to the claim department.

• Step 3

The claim department will review the report, and if it is approved, you can have your bike towed to the network garage for repairs.

Common reasons for two wheeler insurance claim

There are several valid reasons for which a bike insurance claim can be made:

1. Accidental damage: It includes damage to your bike due to a collision, skid or fall.
2. Theft: If your bike is stolen and cannot be recovered, you can file a claim and get the Insured Declared Value (IDV) after investigation and approval.
3. Fire or explosion: Damage caused due to fire, explosions or self-ignition is also covered under certain comprehensive bike insurance.
4. Natural disasters: Floods, earthquakes, cyclones and other natural calamities can cause significant damage. Claims can be made for such losses.
5. Vandalism or riots: Damage caused during riots, strikes or malicious acts is also claimable.
6. Third-party liability: If your bike causes damage to another person or their property, the insurer will cover the expenses as per third-party coverage.

Ensure you report such incidents immediately and provide all necessary evidence to support your claim.

Conclusion

Filing a bike insurance claim in India might seem like a complex task, but it becomes manageable if you understand the process and follow the right steps.

While having basic insurance is mandatory, it’s worth considering the broader protection that comprehensive bike insurance offers. This type of coverage not only fulfils legal requirements but also safeguards you against accidental damage, theft, fire, natural disasters and third-party liabilities.

Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the topic featured in the article. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.

In India, bike-related mishaps are common. Several factors such as potholes, pedestrian carelessness, and rash driving by vehicle owners contribute to this. If any of these events cause damage to your bike, the garage owner's repair bills will dig into your pockets. However, you do not have to worry about the bills if you have insurance.

Bike insurance claim settlement process in India

Raising a bike insurance claim online is a cakewalk. You just need to inform your insurer about the accident immediately and submit the basic documents. The insurers give you two options—cashless and reimbursement claims. The former offers free-of-cost repairs, whereas; the latter allows you to choose your garage, pay bills and then claim reimbursement.

Cashless claim settlement

Every insurer has partnered with well-known garages in every city. After reviewing the garage's service quality and the mechanics' collective experience, they reach an agreement. When you purchase motor insurance, you are given a list of network garages where you can receive free repairs and services as per the terms of your policy. The insurer settles the bills directly with the garage under a cashless claim.

Reimbursement claim settlement

Reimbursement claims necessitate that you pay for the repairs out of your pocket. After the damage has been repaired, you must submit an invoice to your insurer. The main advantage of this settlement process is that you do not have to worry if there is no network garage nearby because you can get repairs done at any garage and get bills reimbursed directly to your account.

Documents required for filing a bike insurance claim

There are multiple scenarios in which you may need to claim bike insurance. If your bike is stolen or damaged in an accident, your insurer will provide you with financial support. However, the documentation process for various situations differs greatly. Let's learn about them:

In case of accidental damages

• Active two-wheeler insurance policy document
• Copy of road tax receipt and registration certificate; the insurer may also request the original documents for cross-verification
• Copy of police FIR
• Driving licence of the policyholder/driver on the steering wheel at the time of the road mishap
• Repair estimates prepared by the garage where you intend to have the damage fixed
• Payment receipt or original repairs invoice
• Discharge voucher from the garage with your signature on it

In case of bike theft claims

• Duly filled claim application
• Original registration certificate
• Original bike insurance document
• If you previously had insurance with another motor insurer, provide the complete details of that policy
• Service record book
• Warranty certificate
• Police FIR's original copy
• Subrogation letter
• Copy of acknowledgement of your request to the RTO to declare your bike as 'Non-Use'
• Duly filled and signed Form No. 28/29/30
• Form 35 and NOC (from a lender) in case of a bike bought on a loan
• Claim discharge voucher having your sign across the revenue stamp
• Your insurer may request a 'Vakalatnama' or other documents as they see fit

In case of third-party claims

• Claim form with your details and signature on it
• Police FIR copy
• Policy document
• Driver's licence of the person driving the car during the incident
• Car's registration copy
• A stamp is necessary for commercial four-wheelers

Steps for filing a bike insurance claim

The claim process for own damage and third-party liability differs greatly. Here's how:

The claim process for the third-party bike insurance

• Step 1

As soon as your bike collides with another vehicle, notify your insurer and file an FIR at the nearest police station. If you or your vehicle is hit by a bike, ask the owner of the bike for their insurance information so you can file a claim.

• Step 2

The insurer will verify the essential information before forwarding the claim to the Motor Insurance Claim Tribunal Court. The court will decide whether or not the claim is legitimate.

• Step 3

If the claim is found to be legitimate, the court will determine the amount of compensation. The insurer will then settle it accordingly.

The claim process for the third-party bike insurance

• Step 1

Notify your insurer as soon as the damage occurs. Delays in the notification will result in claim rejection. If the bike is damaged in an accident, an FIR is required.

• Step 2

Your insurer will appoint an inspecting officer. He will be in charge of determining the extent of damage and the nature of loss after which the report will be prepared and sent to the claim department.

• Step 3

The claim department will review the report, and if it is approved, you can have your bike towed to the network garage for repairs.

Common reasons for two wheeler insurance claim rejection

Some of the common reasons why your two wheeler insurance claim could get rejected are-

• Delayed Reporting: Not informing the insurer promptly.
• Incomplete Documentation: Missing or incorrect documents.
• Policy Lapses: Filing a claim after the policy has expired.
• Policy Violations: Using the vehicle for unauthorised purposes.
• Driving Under Influence: Accidents occurring under the influence of alcohol or drugs.

Adhering to policy terms and timely communication can prevent claim rejections.

FAQs

1. What is comprehensive bike insurance?

Comprehensive bike insurance covers third-party liabilities and own damage, including theft, accidents, and natural disasters.

2. How long does it take to settle a two-wheeler insurance claim?

The settlement time varies depending on the type of claim. A cashless claim is usually processed within a few days after the insurer's survey, while a reimbursement claim may take up to a few weeks after document submission and verification.

3. Is an FIR necessary for all two-wheeler insurance claims?

An FIR is mandatory only in cases of theft, third-party injuries, or significant property damage. For minor damage claims, an FIR is generally not required.

4. Can I claim insurance for a minor scratch or dent on my bike?

Yes, you can file a claim for minor damages, but checking your policy details is advisable.

5. What should I do if my two-wheeler insurance claim is rejected?

If your claim is rejected, first check the reason given by the insurer. You can appeal the decision with additional documents or information as needed.

6. Can I raise a claim for two-wheeler insurance online?

Yes, most insurers allow you to file two wheeler insurance online through their websites or mobile apps for quicker processing.

7. Does third-party insurance cover my bike's damages?

Third-party insurance only covers damage caused to another person, their vehicle, or property. To claim damages to your bike, you need a comprehensive bike insurance.

Conclusion

Filing a two wheeler insurance claim can be a hassle-free process if you understand the steps involved. Whether you opt for cashless claim settlement at a network garage or reimbursement claim settlement, ensuring proper documentation and timely reporting is crucial. Knowing the third-party and own damage claim processes can help you navigate different scenarios effectively. Always read your policy details carefully and follow the correct procedures to maximise your claim benefits while avoiding common reasons for claim rejection.

Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.