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Bike Insurance

Up to 93% off on two-wheeler policiesI

Up to93% OFFon two-wheeler policiesI

  • AI-backed claims for quick processing AI-backed claims for
    quick processing
  • Service guarantee on repairs Service guarantee
    on repairsH
  • Includes Personal Accident cover Includes Personal
    Accident cover
ICICI Lombard Bike Insurance
Recent quote

HONDA MOTORCYCLE - ACTIVA (102CC)

IDV: 5,00,000

Premium

6,353 + GST

Why do our customers love us?

ICICI Lombard is synonymous with trust and reliability. Our bike insurance is a top choice among customers for several reasons. Here’s what our customers appreciate most:

6400+ cashless garagesB

for prompt service

Instant claim approval

via the IL Take Care app

24x7 customer support

for all your queries

What is bike insurance?

Bike insurance safeguards you financially if your bike or two-wheeler is involved in an accident, stolen, or damaged due to natural or man-made damages. It covers the cost of repairs or replacement, depending on the situation. You don't have to bear all the expenses with bike insurance.

Most policies offer coverage for both the bike and third-party damages, meaning they will cover costs if your bike causes damage to someone else's property or injury. Additionally, under the Motor Vehicles Act, having bike insurance is mandatory in India for all bike owners.

buy bike insurance policy

Why choose ICICI Lombard Bike Insurance?

Choosing ICICI Lombard bike insurance offers the following benefits:

Instant policy issuance

Our bike insurance provides instant online policy issuance, ensuring you get coverage without delays.

24X7 roadside assistance

Our bike insurance offers 24x7 roadside assistance, ensuring help is available whenever and wherever your bike breaks down.

Digital claims inspection

We offer a seamless digital claims inspection process, allowing you to easily submit claims online hassle-free.

Service guarantee

Our bike insurance offers a service guarantee, ensuring that repairs for your bike are done efficiently at our network of authorised garages.

What are the different types of bike insurance policies?

Comprehensive bike insurance

Comprehensive bike insurance is a type of two-wheeler insurance plan that offers holistic protection for your bike. It covers third-party liabilities and own damages. This policy offers financial protection in the event your bike gets damaged due to accidents, theft, fire, natural disasters, or vandalism. Comprehensive bike insurance offers 360-degree protection, thus offering peace of mind on the road.

Who is it suitable for?

A comprehensive bike insurance policy is for anyone who owns a bike. Whether you are a new bike owner or have an old bike, you can buy this insurance policy.

What does it cover?

It covers third-party liabilities, own damage and the damage your bike suffers from accidents, theft, vandalism, etc.

Standalone own damage bike insurance

A standalone own-damage bike insurance policy covers damage to your bike due to theft, accident, fire, natural disasters, or man-made calamities. Unlike third-party insurance, which only protects against damage to others, this policy focuses on your bike's repair or replacement costs.

Who is it suitable for?

This policy is suitable for anybody who owns a bike and has an active third-party insurance policy.

What does it cover?

This bike insurance policy covers damages to your bike caused by accidents, theft, fire, and other natural calamities.

Third-party bike insurance

Third-party bike insurance offers protection if your bike is involved in damages caused to a third party. It helps cover legal liabilities arising due to such damages.

Who is it suitable for?

This insurance policy is mandatory for anyone who owns a bike. It’s the legal requirement for riding on Indian roads.

What does it cover?

This insurance plan covers damages or injuries caused to a third party by your bike.

What is Covered by ICICI Lombard Two-wheeler Insurance Policy?

ICICI Lombard’s two-wheeler insurance policy covers:

  • Loss or damage to your two wheeler due to natural disasters

    Our two-wheeler insurance policy covers losses or damages suffered by your bike due to lightning, earthquakes, typhoons, frost, landslides, etc.
  • Personal accident cover

    We offer a personal accident cover of Rs 15 lakh for the two-wheeler owner. You can also buy this cover for your co-passenger with an additional premium.
  • Third-party legal liability

    Our two-wheeler insurance policy offers protection against third-party legal liability for accidents and damages caused by your bike to a third party.

This is an indicative list of inclusions and exclusions. For the full list, please refer to the policy wordings.

Policy documents: Downloads

Key features of two-wheeler insurance policy

Liability coverage

Offers financial protection against damages or injuries caused to third parties in an accident where you and your bike are at fault.

Own damage
coverage

It provides you with a financial cushion in the event your bike suffers damages from accidents, fire, theft, natural disasters, etc.

Personal accident
cover

Offers financial support in case you, the rider, suffer accidental injury while riding your bike. Also, it provides a payout in case of accidental death.

Add-on covers

Add-on covers, which require an additional premium, help fortify the base policy's coverage. Common add-on covers include engine protection, zero depreciation, roadside assistance, etc.

No claim bonus

Rewards you with either a discount in premiums or increased coverage for every claim-free year.

Cashless network
garages

These are authorised repair centres where you can repair your damaged bike without paying upfront.

Reasons to buy bike insurance online

Multiple reasons make buying bike insurance online a compelling proposition. These include:

  • 1
    Convenience

    Compare different plans and purchase insurance at your comfort

  • 2
    24X7 availability

    Buy anytime, any day from anywhere

  • 3
    Quick process

    Usually faster than traditional methods, where you can complete the process in just a few clicks

  • 4
    User-friendly tools

    Get calculators and tools to understand the coverage needed and the costs

  • 5
    Instant policy issuance

    Get policy documents immediately upon premium payment

how to choose two wheeler insurance policy?

How to choose the right two wheeler insurance policy?

Choosing the right bike insurance policy is a culmination of several factors. Keeping in mind the following factors can help you choose the right policy:

  • Assess your needs: Find out what coverage you need. Consider if you want protection for third-party liabilities, own damage, or both.
  • Compare plans: Look at different policies from multiple insurers. Compare coverage, premiums, and benefits.
  • Check coverage: Make sure your policy has a robust coverage against various risks.
  • Read the fine print: Understand the policy's terms, conditions, and exclusions, if any. Look out for any limits or deductibles.
  • Check the claims process: Make sure the claim process is straightforward and easy.

How to Effectively Compare Bike Insurance Premium?


Comparing bike insurance premiums is essential to finding the optimum coverage for your needs at the most affordable price.


  • 1

    Premium break-up

    It provides a detailed view of how your bike insurance premium is divided among various components, such as coverage, taxes, and add-ons.

  • 2

    Own damage premium

    Find the break up of your own damage premium covering your bike. The own damage premium is the cost you pay to cover the repair or replacement of your bike if damaged due to accidents, vandalism or natural disasters.

  • 3

    Third-party premium

    Third-party premium is the cost you pay towards your policy for availing third-party legal liability coverage.

  • 4

    Personal accident premium

    It’s the premium you pay to obtain personal accident coverage, which provides you with a financial cushion in case you suffer an injury while riding your bike.

  • 5

    Add-on premium

    Find out the premium breakup for your chosen add-ons in the policy. Add-ons offer an extra layer of protection on top of your base policy.

Importance of buying two wheeler insurance

Why is bike insurance necessary?

Bike insurance is necessary for several reasons. The Motor Vehicles Act in India makes it mandatory for every bike owner to have at least a third-party insurance policy. The penalty for not having bike insurance is Rs 2000 or imprisonment for up to three years.

Also, having a bike insurance plan helps you cover the costs incurred on repairing or replacing your bike due to various risks, natural or man-made. It gives you peace of mind as you know you are financially and legally protected.

How to buy two-wheeler insurance online?

Purchasing two-wheeler insurance online is a relatively easy process. All you need to do is:

  • 1
    Enter here all the necessary details like your mobile no, email ID, bike registration number, registration year etc.
  • 2
    Choose the plan that best fits your requirement
  • 3
    Customise the plan by editing your coverage, selecting add-ons, deductibles, etc
  • 4
    Pay premium through net banking, debit/credit cards, UPI, etc
  • 5
    You get the policy soft copy over email

What is NCB in bike insurance?

NCB is the acronym for No Claim Bonus. It is a reward your insurer offers you for not making any claims during the policy period. Each claim-free year allows you to earn a discount on the premium for the next policy renewal. This helps bring down your bike insurance’s cost.

What is IDV in bike
insurance?

IDV, or insured declared value in bike insurance, is the maximum amount your insurer will pay if your bike is stolen or completely damaged beyond repair. It is your bike's current market value, excluding depreciation. In simple terms, it's the amount you will get if your bike is lost or destroyed.

IDV in Bike Insurance Policy

What impacts the insured’s
declared value (IDV)?

Several factors impact the bike’s IDV, including:

  • Bike’s age: As your bike gets older, its value depreciates. The older the bike, the lower its IDV.
  • Bike’s make and model: Premium bikes or models with higher market demand typically have a higher IDV than regular bikes.
  • Depreciation: Your bike's value depreciates yearly based on a standard depreciation rate. The older the bike, the higher the depreciation, which lowers the IDV.

What is zero depreciation
in bike insurance?

You might know that at the time of settling your claim for damages to your two wheeler, the insurance company deducts the depreciation value on your bike or scooter’s parts. The zero depreciation add-on offsets such depreciation at the time of a claim. This add-on is available at nominal extra premium.

How to calculate two-wheeler insurance premium online?

Thanks to online calculators, you can easily calculate premiums online. To calculate premiums online:

  • 1
    Enter here all the necessary details like your mobile no, email ID, bike registration number, registration year etc.
  • 2
    Choose the insurance you want to buy
  • 3
    Submit all data, and you will know premiums instantly

Factors affecting
two-wheeler insurance
premium

A host of factors affect two-wheeler insurance premiums, including:

  • Bike’s age and model - New bikes and high-end models have higher premiums
  • Engine capacity - Bikes with high engine capacity command higher premiums
  • Coverage type - Comprehensive insurance costs more than third-party insurance
  • Add-ons chosen - More the number of add-ons, the higher the premium
  • Security features - Higher security features lower the premium
  • Location - Areas with higher traffic can lead to increased premiums
  • Claim history - Frequent claims can lead to higher premiums

How to claim two-wheeler insurance online?

Claiming two-wheeler insurance online is a breeze. All you need to do is:

Claim Bike Insurance Online
  • 1
    Call 1800 2666 to inform us about your claim. Alternatively, you can log in to the IL TakeCare app and make a claim
  • 2
    Provide live video streaming of your damaged bike through InstaSpect in the IL TakeCare app
  • 3
    Post inspection and provided that the documents are in order, our claims manager will provide an immediate repair approval
  • 4
    Take your bike to the network garage that's closest to your home along with the said documents
  • 5
    Relax as we settle your claim with the garage, post which you can pick up your bike

How to renew a two-wheeler insurance policy?

You can quickly renew your two-wheeler insurance policy online in a few clicks. All you need to do is:

  • 1
    Visit the website of your insurer and check the bike renewal page
  • 2
    Fill up the required details, including your vehicle number, existing policy details, etc
  • 3
    Make the required payment online to renew your policy