Do you own a bike? Is your bike insured? Does your bike insurance policy offer a minimal or a comprehensive cover? Let’s analyze some parameters to figure out answers to these questions.

A two-wheeler is an invaluable asset for its owner. According to the Motor Vehicles Act, 1988, every vehicle owner must have an insurance policy with standard or minimal coverages. Insurance is protection in the form of money, compensated for damages caused to the vehicle due to accidents, thefts, etc. 

Insurance companies in India offer two types of bike insurance policies:

  • Third party Liability insurance policy

-It provides insurance protection against the claims of the third party only, i.e., it will protect you from physical, financial and legal damages arising from third party accidents/mishaps. 

  • A third-party insurance plan includes coverage for: 
  • Death or body injury succumbed by the third party 
  • Damage to a third-party property 
  • The driver/owner of the insured vehicle suffers a permanent total disability (depends on the insurer) 
  • The accidental death of the driver/ owner of the insured vehicle

  • Comprehensive insurance policy 

It offers complete protection to third-party liabilities as well as the damages caused to the policy holder’s vehicle in case of accidents, natural calamity along with personal accident coverage.

A comprehensive insurance plan covers claims for: 

  • Damages or losses caused to your bike in case of natural calamities like earthquakes, typhoons, floods, etc. 
  • Damages caused due to human-made calamities like riots, strikes, and theft. 
  • Damages or losses caused to your vehicle in case of fire. 
  • Vandalism and explosions

Before purchasing an insurance policy for your bike, it is essential to compare plans between insurers to arrive at the right policy with adequate coverage. For instance, insurance plans offered by Bharti AXA would cover different features when compared to ICICI Lombard. Additionally, also check for what exactly is covered under the two-wheeler insurance policy. 

Analyze an insurance plan and check for below points:

➡If the plan offers cover against:
  • Natural calamities 
  • Human-made calamities 
  • Personal accident cover 
  • Death of a person 
  • Any damage to the property 
  • Permanent injury

➡If the premium you pay for your policy is based on:

  • The cubic capacity of the bike’s engine. Higher the engine’s capacity more will be the premium 
  • Location, i.e., Zone A and Zone B. Zone A, attract a higher premium than cities and towns of Zone B.

If your policy considers the factor of Insured Declared Value (IDV) wherein IDV is the current market value of the vehicle, which can be claimed in case of total loss or theft of your bike. 


If your policy offers add-on covers like Zero depreciation or Nil depreciation cover, in this type of policy, the policy holder gets a total compensation against the damage without considering the factor of depreciation.


If your policy covers has the No Claim Bonus (NCB). NCB is a discount in premiums offered by insurance companies if the vehicle owner has not made a single claim during its entire policy tenure.
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  1. I dont own a 2 wheeler but my daughter and her husband do. I will have to send them this post.

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