Bike insurance is mandatory in India - Here's what you need to know!

If you are wondering which bike insurance is mandatory in India, you are not alone. With more and more people opting for two-wheelers as their primary mode of transportation, it is essential to understand the laws and regulations surrounding bike insurance. 

In India, bike insurance is a mandatory requirement, and this blog post will explain exactly what you need to know about bike insurance and why it is so important.

Two-wheeler insurance protects you from financial losses that may arise due to damages to your vehicle or third-party liabilities.

Having a two-wheeler insurance policy is not just important, but it is also mandatory in India as per the Motor Vehicles Act 1988. As per the Act, it is compulsory for all vehicles plying on Indian roads to have a valid bike insurance policy. 

This helps protect the rider from any financial losses that may arise due to damages to their vehicle or third-party liabilities. In case of an accident, two-wheeler insurance helps cover for repair costs and other expenses. 

It also provides coverage for personal accidents and legal liabilities. So, if you own a two-wheeler, make sure you get it insured with a valid two-wheeler insurance policy.

The premium amount for bike insurance varies based on the make and model of your bike, its engine capacity, and the cubic capacity (cc) of the bike.

The premium for bike insurance in India is determined by the make and model of your bike, its engine capacity, and the cubic capacity (cc) of the bike. The more powerful your bike is, the higher will be the premium amount. 

The type of coverage you opt for – third-party liability or comprehensive – will also affect the premium amount. Additionally, two-wheeler insurance is mandatory in India, according to the Motor Vehicle Act of 1988. 

Therefore, if you are a two-wheeler owner, it is important that you invest in a suitable bike insurance policy that covers all your risks.

You can choose from a comprehensive policy or a third-party liability policy. A comprehensive policy offers more coverage than a third-party liability policy.

When it comes to which bike insurance is mandatory in India, it depends on the laws of the state you are in. Generally, bike owners must have a third-party liability policy. 

This policy covers any damages caused to a third-party by the bike or its rider. However, if you live in a state where a comprehensive policy is mandatory, you will need to buy one to be compliant with the law.

A comprehensive bike insurance policy offers more coverage than a third-party liability policy. It covers not only damages caused to third parties, but also damages to your own vehicle due to accidents, fire, theft and other events. 

It also offers additional benefits like personal accident cover, pillion rider cover, zero depreciation cover, etc. A comprehensive policy may cost slightly more than a third-party liability policy, but the additional coverage and benefits make it worth the price.

Some of the add-on covers that you can opt for are personal accident cover, pillion rider cover, zero depreciation cover, etc.

When it comes to bike insurance, it is mandatory in India for all two-wheeler owners to have valid insurance coverage. This covers a range of benefits and features that will help you protect yourself, your bike, and any third-party liabilities. 

One of the best ways to enhance the coverage of your policy is to choose from the various add-on covers that are available. 

This includes personal accident cover which provides compensation to the insured if they get injured or disabled due to an accident involving their bike. It also includes pillion rider cover which offers compensation to the pillion rider in case of an accident. 

Zero depreciation cover is another popular add-on cover that allows you to claim full value on certain parts of your bike, irrespective of its age or usage. 

These add-on covers can be availed along with a comprehensive bike insurance policy and can help you better protect yourself and your loved ones in case of an accident.

The process of renewing bike insurance is simple and can be done online.

In case you wish to cancel your bike insurance policy, you can do so by submitting a written request to the insurance company.