A bike's ownership is transferred during the process of selling or buying a two-wheeler. This is a critical process because it ensures that the new owner is legally recognized. Understanding the steps and requirements for transferring bike ownership is essential, as there are legal complications associated with the process.

What is a Two-Wheeler Ownership Transfer?

The transfer of bike ownership is a legally important procedure where the registered name of the owner on the Registration Certificate (R.C.) is officially changed to another name. This process is crucial as it ensures that all legal rights, responsibilities, and liabilities associated with the vehicle are transferred from the seller to the buyer. Failure to complete this transfer can leave the previous owner legally liable for any violations, accidents, or damages involving the bike, even after it has been sold.

The process generally involves notifying the RTO, submitting the necessary documents, and paying the prescribed fees. Additionally, it is equally important to transfer the bike insurance to the new owner's name without any break in coverage. Failure to do so may lead to complications in claims and legal responsibilities, making this step as crucial as the R.C. transfer.

When is Two-wheeler Ownership Transfer Required?

Transfer of bike ownership in India is mandatory in several cases, including:

1. Sale or purchase of a second-hand bike:

   When a pre-owned two-wheeler is purchased, it is essential that the ownership be legally transferred to the buyer. This transfer confirms that the buyer can enjoy all rights and responsibilities concerning the bike.

2. Receiving a two-wheeler as a gift:

   If you inherit a bike from your family or receive one as a gift, then the transfer of ownership is crucial for you to become the legal owner of the vehicle.

3. Transfer of ownership within a family:

   When ownership is transferred within the family - for example, between parents and children or siblings - the records should be cleared legally to ensure correct ownership.

4. Moving out of state:

   If you move to a new state with your motorcycle, a transfer of ownership is required to get a new registration and follow the regulations in your new residential area.

Bike Ownership Transfer Cost

The cost of bike ownership transfer will vary according to the state and case. It is generally categorised as:

• Transfer Fee:

  This is the general underlying fee that the RTO charges for processing the transfer. It ranges between Rs. 300 and Rs. 500.

• Road Tax:

  If the bike is transferred to another state, the road tax to be paid in the new state will depend on its age, model, and state rules regarding the bike.

• NOC Charges:

  In the case of transferring the bike to another state, obtaining a No Objection Certificate (NOC) from the original RTO may incur an additional charge of approximately Rs. 200 to Rs. 500.

• Hypothecation Removal Charges:

  In the case of loaned bikes, the process of transfer would also involve the removal of hypothecation, which may require an additional charge.

Check the exact amount from the concerned RTO or through a professional so that no extra and undue costs arise later.

Documents Required for Bike Ownership Transfer

The following documents are needed for the bike ownership transfer process:

• Form 29 and Form 30:

  This is available at RTO, and should be signed by both the seller and buyer.

• Original RC:

  You must carry the original Registration Certificate of the bike.

• Bike Insurance Policy:

  The two-wheeler insurance policy should be transferred in the name of the new owner, or a new policy must be obtained.

• PUC Certificate:

  A valid PUC certificate is to be provided.

• Address Proof:

  Provide address proof documents for both the buyer and seller, such as an Aadhaar card, voter ID, or passport.

• D. Proof:

  Identity proof in the form of a PAN card, driving licence, or passport is mandatory.

• Passport-Size Photographs

  Recent passport-sized photos are a must.

• No Objection Certificate

  An NOC from the original RTO is required if the transfer is carried out to another state.

Ownership Transfer Online: A Step-by-Step Guide

Transfer of bike ownership online has been made more convenient and time-saving. Here is a step-by-step guideline on how to transfer bike ownership online:

• Visit the official website of Parivahan. And click on 'Vehicle Registration'.
• From the menu, click on 'Vehicle-Related Services', then enter the registration number of the bike.
• Select 'Transfer of Ownership'.
• Scan and upload the required documents along with Form 29 and Form 30, I.D. proofs, and bike insurance.
• Pay the necessary fee and schedule the appointment with the RTO for document verification.
• On the fixed date and time, visit the RTO office with the original documents.
• A confirmation email will be received after document verification. Following this, the new Registration Certificate (R.C.) will be dispatched in favour of the new owner.

How to Apply for Two-Wheeler Ownership Transfer Offline

The procedure for bike ownership transfer in offline mode is as follows:

• Visit Local RTO:

  The bike owner is required to visit the local RTO where the bike is registered, bringing all the relevant documents.

• Forms:

  Form 29 and Form 30 must be obtained from the RTO office or can be downloaded from the official RTO website.

• Fill out the Forms:

  The correctly filled forms should be attached with passport-sized photographs.

• Submission:

  Submit the filled-in forms along with the original Registration Certificate (R.C.), bike insurance, PUC certificate, identification proof, and address proof.

• Pay Fees:

  At the RTO office counter, pay the required fee, which includes the transfer fee for ownership, any card issuance fees, and, in some cases, applicable road tax.

• Document Verification:

  The documents are verified by the RTO official. In some cases, a physical examination of the bike may also be conducted.

• Get a receipt:

  A receipt will be generated after payment completion, which serves as proof of the transfer application.

• Collection of the updated R.C.:

  A new Registration Certificate (R.C.) in the name of the buyer is either dispatched to the buyer's registered address or can be collected from the RTO.

Conclusion

The transfer of ownership of a bike is essential for establishing proper proprietorship. It must be done legally to ensure a smooth transition of responsibilities from the seller to the buyer. Understanding the requirements, costs, and documentation involved in the process of a 2 wheeler ownership transfer will help streamline the transfer process.

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.

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

• 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

• 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.

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.

What Could Hike Your Two-Wheeler Insurance Premium?

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.

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

1. 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. While you can select any one of the two, you should preferably opt for a comprehensive policy for the added coverage and benefits it offers.

2. 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, high-end electrical and non-electrical accessories. All of these come at an extra premium.

4. No Claim Bonus (NCB)

No Claim Bonus 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.

5. Anti-theft devices

Anti-theft device is a security feature which 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. So, if you do not have such security devices installed on your two-wheeler, it can hike your premiums. 

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 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.

Two-wheeler insurance is a vital aspect of having a motorbike in India. It not only provides financial security, but it also provides peace of mind while riding on the roads. Bike insurance protects riders against multiple risks, including accidents, thefts, damage to third-party property, and personal injuries.

Bike insurance typically comes in two types — third-party and comprehensive insurance. The former is mandatory in India and covers the rider's liability to third-party property and injury. In contrast, comprehensive insurance covers all the risks mentioned above and provides coverage for damages to the insured bike.

While many riders often wonder whether they can claim insurance for scratches on their bike, the answer is both yes and no. If the scratches are a result of an accident or a collision with another vehicle, the rider can claim insurance under comprehensive coverage. However, if the scratches are due to regular wear and tear, the insurance company will not cover the cost of repair.

But is it a good idea to file a claim for such trivial matters? Certainly not. Let us investigate why.

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.

Leaving home means facing unpredictable situations. One of the most prominent hazards we encounter is on the roads. The roads can be dangerous whether driving, walking, or cycling. Road accidents can have devastating consequences, resulting in death or debilitating injuries. It is a harsh reality that such mishaps are among the leading causes of death and injury, not in India but worldwide, adversely impacting the victim’s families.

However, mitigating this risk is possible by adhering to road safety rules. These guidelines are in place to ensure that we can navigate the roads safely, regardless of our mode of transportation. Road safety rules encompass a range of topics, such as speed limits, traffic signals, and vehicle maintenance. If you overlook these rules, be ready to pay the penalty. In this article, we will discuss the most avoided safety rule — the “Traffic Signal Rule.”

Traffic Lights Rules: Green, Yellow and Red Light

Traffic light rules are an essential tool for regulating the flow of vehicles on roads and ensuring safety for all road users. These lights use a combination of colours, green, yellow, and red, to signal drivers and pedestrians when to stop and go. Understanding the rules of traffic lights is crucial for all road users to avoid accidents and ensure a smooth traffic flow.

• The green light is a signal for you to proceed with caution. It indicates that it is safe to go. However, you must still be aware of other vehicles, pedestrians, and potential hazards. You should not exceed the posted speed limit and must keep a safe distance from other four or two-wheelers on the road.

• The yellow light indicates that the signal is on the verge of turning red. Slow down and prepare to stop when approaching a yellow light. You must not try to beat the signal and should, if possible, come to a complete stop before the intersection.

• The red light means stop. When approaching a red light, you must come to a complete stop behind the stop line or crosswalk. It is illegal to pass a red light, and if you do so may receive a traffic ticket and be at risk of causing an accident.

• Pedestrians should also follow traffic light rules. They should wait for the green light before crossing the road and avoid crossing when the light is yellow or red. Pedestrians should also be aware of turning vehicles and look both ways before crossing.

Fine for jumping red light in different states

It is important to note that red light fines may vary from state to state, and these amounts are subject to change. Below is the list of a few states and their respective fines.

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. 

The Motor Vehicles Act has made bike insurance compulsory in India. And there comes the question: Should one be buying bike insurance online or offline?

After finalising the bike's price at the showroom, we often look for the best possible discounts on the price tag. The dealer usually offers us free insurance, which seems like a great deal. But is the insurance free, or does it come at a cost?

This article aims to comprehensively analyse the differences between purchasing offline showroom bike insurance and buying bike insurance online. We will explore various aspects such as cost, reliability, renewal benefits, and claim settlement to help you decide which option best suits your needs. Ultimately, we aim to assist you in making a decision that aligns with your best interests.

Which One is More Beneficial: Buying Bike Insurance From Dealership vs Online

When purchasing a new bike, dealerships often offer buyers the option of purchasing the offline showroom bike insurance directly from them. However, is it the best decision? Is it mandatory to buy it from the bike dealer?

Well, the answer to the second question is no; buying your bike insurance policy from your dealer is not mandatory. For the answer to the first question, let’s dig a little deeper.

Buying bike insurance from a dealership may seem like a convenient option. Dealerships often offer customers insurance policies tailored to the two-wheeler’s specific make and model, which may give buyers peace of mind knowing that they have the most comprehensive coverage available. Additionally, buyers find the process of purchasing insurance from a dealership seamless, as one can complete the formalities and documentation process at the same time as buying the bike. This may be more convenient for some buyers. On the other hand, buying bike insurance online comes with its own set of advantages, like the option to compare a wider range of policies, research, discounts, etc., allowing buyers to make an informed decision.

Overall, the decision between purchasing bike insurance online or offline depends on individual preferences and needs. Let’s look at it in more detail.

Cost

Automobile dealers often include insurance policies in their sales packages. Rather than providing a simple cash discount to customers, they provide “free” insurance. But note that bike insurance can never really be free.

• The dealer generally offers a non-discounted premium listed as a “free” component of the overall bill.
• Typically, this “free” insurance is only for the first year, and customers will have to pay the premium in subsequent years.
• Buying bike insurance offline or showroom bike insurance can be expensive due to additional service charges.
• The dealership offers limited options, which can make it difficult for customers to find the best policy at good discounts to fit their budget requirements.

Buying bike insurance online eliminates such middlemen and hence reduces the cost of insurance. Moreover, it empowers customers by offering them a choice — the option to browse various policies and compare their prices. This can help customers get the best policy at the lowest possible price. Furthermore, online insurance providers offer competitive pricing as their overhead costs are low. They do not have to pay for physical offices, staff, or other expenses that offline insurance providers or bike dealers have to pay for.

Reliability of the insurance company

When it comes to buying bike insurance online vs offline, customers need to consider the insurance company’s reliability. This is a critical aspect of purchasing an insurance policy, and one should consider it before purchasing insurance.

• While buying bike insurance from a dealership seems attractive as it is often labelled "free", customers may not have complete information about the insurance company. This lack of transparency can result in customers making uninformed decisions that may not meet their requirements. For example, the policy may not cover specific damages that the customer may face in the event of an accident.
• Buying bike insurance online has the benefit of greater transparency and access to information.
• Customers can read ratings and reviews of various insurance companies and make informed decisions.
• A higher customer satisfaction rate implies prompt and effective services, making it an important indicator of the reliability of the insurance company.

The internet provides information about different insurance providers, including their policy features, premium rates, and customer reviews. This allows customers to research and compare various options comprehensively.

Customer satisfaction is an important parameter that can help give prospective customers an idea about the quality of services provided by an insurance provider. Reviews and ratings from existing customers can give prospective customers an idea of whether the insurance company is trustworthy and meets customer expectations.

Hence, buying insurance online offers greater transparency and access to information.

Renewal benefits

Renewing your bike insurance is an essential task to continue to avail of the benefits of insurance coverage. However, it can be a hassle to do it through a dealership. The process may entail physically visiting the dealership, filling out paperwork, and waiting to complete the renewal process. It can be both time-consuming and inconvenient, especially for individuals with busy schedules.

Compared to this, renewing bike insurance online has several advantages, making it more attractive.

• Renewing an insurance policy online requires minimal documentation, and one need not worry about gathering a lot of paperwork. This is especially convenient if one has a busy schedule and doesn’t have time to visit a dealership.
• As compared to showroom bike insurance, many online insurance providers offer discounts and other benefits. They also offer loyalty rewards that can result in lower insurance premiums.

Overall, renewing bike insurance online is a hassle-free and convenient process that offers financial benefits. It saves time, effort, and money, making it a more attractive option compared to renewing it through a dealership. But remember to renew it on time to enjoy the benefits of your bike insurance policy and have complete peace of mind.

The Motor Vehicles Act has made bike insurance compulsory in India. And there comes the question: Should one be buying bike insurance online or offline?

After finalising the bike's price at the showroom, we often look for the best possible discounts on the price tag. The dealer usually offers us free insurance, which seems like a great deal. But is the insurance free, or does it come at a cost?

This article aims to comprehensively analyse the differences between purchasing offline showroom bike insurance and buying bike insurance online. We will explore various aspects such as cost, reliability, renewal benefits, and claim settlement to help you decide which option best suits your needs. Ultimately, we aim to assist you in making a decision that aligns with your best interests.

Which One is More Beneficial: Buying Bike Insurance From Dealership vs Online

When purchasing a new bike, dealerships often offer buyers the option of purchasing the offline showroom bike insurance directly from them. However, is it the best decision? Is it mandatory to buy it from the bike dealer?

Well, the answer to the second question is no; buying your bike insurance policy from your dealer is not mandatory. For the answer to the first question, let’s dig a little deeper.

Buying bike insurance from a dealership may seem like a convenient option. Dealerships often offer customers insurance policies tailored to the two-wheeler’s specific make and model, which may give buyers peace of mind knowing that they have the most comprehensive coverage available. Additionally, buyers find the process of purchasing insurance from a dealership seamless, as one can complete the formalities and documentation process at the same time as buying the bike. This may be more convenient for some buyers. On the other hand, buying bike insurance online comes with its own set of advantages, like the option to compare a wider range of policies, research, discounts, etc., allowing buyers to make an informed decision.

Overall, the decision between purchasing bike insurance online or offline depends on individual preferences and needs. Let’s look at it in more detail.

Cost

Automobile dealers often include insurance policies in their sales packages. Rather than providing a simple cash discount to customers, they provide “free” insurance. But note that bike insurance can never really be free.

• The dealer generally offers a non-discounted premium listed as a “free” component of the overall bill.
• Typically, this “free” insurance is only for the first year, and customers will have to pay the premium in subsequent years.
• Buying bike insurance offline or showroom bike insurance can be expensive due to additional service charges.
• The dealership offers limited options, which can make it difficult for customers to find the best policy at good discounts to fit their budget requirements.

Buying bike insurance online eliminates such middlemen and hence reduces the cost of insurance. Moreover, it empowers customers by offering them a choice — the option to browse various policies and compare their prices. This can help customers get the best policy at the lowest possible price. Furthermore, online insurance providers offer competitive pricing as their overhead costs are low. They do not have to pay for physical offices, staff, or other expenses that offline insurance providers or bike dealers have to pay for.

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 does personal accident cover include?

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.  

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.

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 file an insurance claim. 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 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