Plot No.1 ,3rd Floor Lalwani Complex, Above Axis Bank, Vidya Nagar, Bhopal, Madhya Pradesh 462026.

info@notioninsurance.com

91-9302182475

0755-4911343

Top Bike Insurance Plans

Bike Insurance

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Key Features :
No Inspection Needed
Immediate Policy Issurance

A Guide to Bike Insurance

Know all about Two Wheeler Insurance - Definition, Importance, Types of Bike Insurance.

Bike insurance, also known as two-wheeler insurance, is a type of insurance policy that provides financial aid to you against the losses incurred to your bike & third-party property/life due to unforeseen events like accidents, natural & man-made disasters, fire, loss, etc. It is mandatory for all bike owners to have at least a third-party bike insurance policy in India. There are three kinds of two-wheeler insurance plans available in the market namely third-party bike insurance, standalone own-damage (OD) insurance, and comprehensive cover for bikes.

Types of Two Wheeler Insurance

There are 3 types of bike insurance policy in India and Notion Insurance offers all of them.

Comprehensive Bike Insurance

This type of insurance policy is the most preferred cover by the car owners. It provides financial support to pay for the damages caused to the own vehicle & the third-party. As the name suggests, this type of insurance provides comprehensive cover.

Own-Damage Bike Insurance

The standalone own-damage two-wheeler insurance policy gives coverage for the damages sustained by the insured bike due to an accident, theft, fire, natural disaster and man-made calamity. A standalone own-damage policy provides flexibility to policyholders for choosing an insurance company of their choice. The policyholders can buy a third-party policy and own-damage policy either from the same insurer or a different one. An insured individual can expand the coverage of a own-damage insurance policy by buying add-on covers.

Third Party Bike Insurance

It is compulsory for bike riders to have a third-party two-wheeler insurance plan for their two-wheelers. It is also known as liability-only policy which covers physical injuries, temporary or permanent disability, and death of the third party person due to an accident or a mishap. This motorcycle or scooter insurance policy also covers the property damage expenses sustained by the third party up to Rs. 1 Lakh, but does not cover damages to your own bike.

Third-Party Vs Comprehensive Bike Insurance

Coverage

Own-Damage, Third-Party Liabilities,Theft, Fire, Natural,Calamities

Third-Party Liabilities.

Own-Damage, Third-Party Liabilities,Theft, Fire.


Add-Ons Availability

yes

No

Limited


Premium

High

Low

Moderated


Legal Compliance (in India)

yes

No

Limited