Bike insurance plans starting just at ₹19/month*
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Up to 80% Discount*
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AI-Assisted Claims via Self-i*
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11,000+ Network Garages*
Bike Insurance
Bike insurance covers damage caused to your two-wheeler due to accidents, fire, natural disasters and theft. It also provides coverage if your bike accidentally causes harm to someone else or their property, so you do not have to worry about legal or financial headaches.
Having at least third-party bike insurance coverage is also legally mandatory for all bike owners under the Motor Vehicles Act, 1988. If you are caught riding your bike without a valid policy, you will be fined ₹2,000 - ₹4,000 or face up to 3 months imprisonment.
IndusInd General Insurance (previously known as Reliance General Insurance) offers flexible bike insurance options starting at ₹19/month*. You can easily buy our two-wheeler insurance online with a few clicks. We also offer instant claims and renewals through our Self-i mobile app, and 24/7 customer support you can count on. Whether you ride a motorcycle, moped, scooter, or an electric bike/scooter, IndusInd bike insurance has got you covered.
Why 5 Crore+ Policyholders Choose Us?
IndusInd Bike Insurance allows you to gear up with the right insurance coverage. We offer several types of bike insurance plans, ranging from comprehensive bike plans to basic third-party bike plans. Benefit from our quick claims processes and special online discounts.
Up to 5 Years Coverage*
Get long and short term coverage
Get 24/7 Support*
Expert help anytime, anywhere
Access to Video Claims*
File claims on the go using your phone
Benefit from 10+ Add-Ons*
Extend coverage for your bikes
EV Bike Insurance
In FY2025, India saw a record 1.14 million electric two-wheelers sold, with electric scooters, motorcycles and mopeds accounting for 58% of all EV sales in the country. As more people choose electric bikes, it becomes even more important to protect them from fines, accidents, theft or unexpected damage.
At IndusInd General Insurance (formerly Reliance General Insurance), we offer tailored add-ons that offer comprehensive protection for your EV’s battery, motor and charger, giving your eco-friendly investment complete coverage.
Why Do You Need a Bike Insurance Policy?
You'll need more than just a helmet to protect yourself on the road, and that's where IndusInd bike insurance steps in. Our policy primarily helps cover your out-of-pocket costs for bike repairs if your bike is ever accidentally damaged. Here are a couple of key reasons you need bike insurance in India as a bike owner:
Legally Required
Having at least third-party bike insurance is compulsory under the Motor Vehicles Act of 1988. IndusInd Bike Insurance helps you stay legally compliant and avoid fines and penalties of ₹2,000 - ₹4,000 and/or 3 months imprisonment.
Personal Accident Protection
IRDAI mandates that every bike owner have a PA cover of at least ₹15 lakhs to cover injuries, disabilities, or personal loss caused by an accident. If you don’t already have one, you can opt for our PA cover with your bike insurance.
Accidents, Fire and Theft Coverage
Get covered for damages and losses resulting from accidents, natural calamities, man-made hazards, fire and explosions. Our bike insurance also covers theft; the full value of your bike is paid as per the Insured Declared Value (IDV).
Third Party Damage Coverage
We cover the compensation you are responsible for paying if your bike causes any injury or damage to a person or their property. We also cover the legal expenses involved during the incident.
Long-Term Plan Options
We offer a 5-year bike insurance plan for both new and existing bike owners, so you can avoid the stress of yearly renewal dates. You can bundle your long-term plan with comprehensive coverage or even buy it separately.
Add-ons for Extra Security
Enjoy dedicated coverage with add-ons under your bike insurance policy. We offer 10+ add-ons*, along with 3 EV add-ons for electric two-wheelers. These include Zero Depreciation Cover, Engine Protection and more.
Key Features of IndusInd Bike Insurance
Wherever the road takes you, IndusInd bike insurance provides reliable coverage with standout features, like affordable premiums, specialised add-ons, cashless repairs and more. Here are the key features that prioritise your convenience and safety:
Key Features | Description |
|---|---|
Premiums | Starting from ₹19/month* |
Coverage | Own Damage + Third-Party Liability (Both Available Separately or Bundled) |
Online Premium Discounts | Up to 80%** |
NCB Discounts | Up to 50%** |
Personal Accident (PA) Cover | Up to ₹15 lakhs + Can be Extended to Cover the Passenger (Available as an Optional Cover) |
Add-Ons | 10+ Add-ons with 3 EV Add-Ons* |
Cashless Repairs | Available at 11,000+ network garages* |
Buy/Renew Online | 100% digital process + IDV customisation |
Quick Claims Survey | In-person claims survey within 24 hours for guided claims assistance |
24/7 Customer Support | Expert assistance and WhatsApp support are available around the clock |
Types of Bike Insurance Policies
Comprehensive Bike Insurance
Definition: Comprehensive Bike Insurance covers your bike’s repair costs and also covers compensation costs if your bike causes damage to someone else or their property during an accident. It also covers damage to your bike due to natural disasters (like floods, earthquakes and cyclones), man-made calamities (like riots and strikes), fires and theft.
Simply put, you get own damage and third-party coverage under one plan. What’s even better? You can enhance your coverage using our 10+ add-ons*, along with 3 EV add-ons for electric bike owners.
Ideal For: This type of policy is perfect for daily drivers and anyone looking for all-around protection for their bike. For example, if you use your bike every day to commute to work, if this is your first bike or if you own an expensive bike, this plan is highly recommended.
Quick Tip: You can get up to 5 years of coverage with us. This means you can pay once on policy purchase and get 5 years of continuous coverage without worrying about any premium hikes or chasing renewal dates. We also offer a ton of add-ons under this plan, so you can customise coverage as per your needs.
Third-Party Bike Insurance
Definition: Third-party bike insurance is mandatory for all bike owners to have in India. It pays your compensation costs in case you accidentally cause injury or damage to another person while riding your bike. For example, if you crash into another bike and it gets damaged, or if someone is injured in the accident, your insurance will cover their repair costs or medical bills.
Ideal For: This type of policy is perfect for anyone looking for basic coverage. For example, if you are on a budget, have an older bike, or you don't use your bike often because you own multiple vehicles or rely on public transport for daily commutes, third-party bike insurance may be a good fit.
Quick Tip: This is our most affordable plan, and like our comprehensive bike insurance plan, it offers up to 5 years of coverage*. So if you're looking for a quick and affordable way to fulfil your legal obligations on a budget, look no further than our third-party bike insurance. You can also pair this policy with our Own Damage bike insurance cover, in case you do need coverage for your bike.
Own Damage Bike Insurance
Definition: Standalone own damage bike insurance only covers your bike from damage. For example, if your bike is damaged in a road accident, this policy will help cover the repair costs. An own damage cover is suitable for bike owners who already have third-party insurance and need coverage for their bike. With IndusInd General Insurance, you get both short-term and long-term coverage under this plan, and you can also opt for 10+ add-ons* under this plan.
Ideal For: An OD bike cover is ideal for bike owners who want to enhance protection beyond basic third-party coverage. And since we offer flexible policy terms ranging from 1 month to 1 year*, you can customise exactly when you get this coverage.
For example, if you don't drive your bike during the rainy season due to floods or waterlogging, you can get this cover for a few months rather than the whole year. This works out cheaper than buying a new comprehensive policy or getting a yearly plan when you don't need long-term coverage. Similarly, if you do need long-term coverage, you can get the yearly plan.
Quick Tip: Since OD bike plans are a lot more flexible, we recommend getting this policy if you already have a third-party policy, or if your bike usage is inconsistent throughout the year. They're a more cost-effective solution for bike owners looking to upgrade to own damage coverage without committing to a full-blown comprehensive plan. It's a good opportunity to try out our services short term before upgrading to our comprehensive bike plan.
Comprehensive Vs Third-Party Bike Insurance
Here's a brief overview of our comprehensive and third-party bike insurance plans, designed to provide you with an understanding of the coverage offered under each plan, allowing you to choose the one that best suits your needs.
Bike Coverage Offered | Comprehensive Bike Insurance | Third-Party Bike Insurance |
|---|---|---|
No Fines With A Valid Policy |
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Damage To The Insured Bike |
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NCB Discount Up To 50% | ||
Damage To A Third-Party Person, Vehicle Or Property | ||
Repair Costs For Natural Disasters – Earthquake, Fire, Cyclone, Floods, Etc | ||
Repair Costs & Compensation For Theft, Total Loss, Man-Made Damage | ||
Is Personal Accident Cover Included? | ||
Can You Include Add-Ons? | ||
Cashless Claims | ||
Online Services for Buy/Renew/Claims | ||
Customisation of Bike Value (IDV) |
Inclusions and Exclusions of IndusInd Bike Insurance
What is Covered?
Accidents and Collisions: Repair and part replacement costs for your bike resulting from an accident are covered.
Third-party Damages: You are covered for expenses in case your bike causes damage to someone or their property.
Natural and Man-made Disasters: Damages resulting from natural disasters such as floods, earthquakes, cyclones, landslides, as well as man-made disasters or acts of terrorism.
Animal/Rodent Damage: Any animal-induced damage, like a rat bite or wild animal attack, that causes internal or external damage to your bike or scooter.
Theft and Fire: Offers compensation if your bike or scooter, or its parts, are stolen. Also covers if your bike or scooter catches fire, while parked or in motion, or is damaged by an explosion.
What is Not Covered?
Wear & Tear and Depreciation: We cover all repair costs, except those arising from wear and tear and the natural degradation of parts that occur with regular use.
Accessories: You're fully covered for factory-fitted accessories under the base plan. However, any electrical and non-electrical accessories fitted to your bike after purchase require add-on coverage.
Law Violations: You're fully covered for accident-related claims except for ones arising out of law violations or illegal activity involving your bike.
Outside Coverage Zone: You get pan-India coverage, but if you want coverage outside Indian borders, you'll need the geo-extension add-on.
Disclaimer: Kindly go through your policy wordings for a detailed list of inclusions and exclusions linked here
Not sure which bike insurance policy is right for you?
Talk to our expert advisors
IndusInd Bike Insurance Add-Ons
Zero Depreciation
Money Saver
Also known as bumper-to-bumper insurance, it covers the total cost of your bike’s parts without deducting the depreciation value. So, when you file a claim, you won't need to pay depreciation costs, and you get full coverage for the part.
Engine Protector Cover
Extra Bike Protection
You're covered for the cost of repairing or replacing the internal parts of your bike’s engine, gearbox or transmission if they are damaged by water entering the engine, causing hydrostatic lock or by oil leaks from the engine.
Helmet Cover
Extra Bike Protection
Covers the cost of replacing your helmet with the same type and model if it gets damaged or destroyed in an accident involving your insured bike. This ensures your safety gear is always up to standard and is a useful add-on since helmet replacements can be expensive.
Key Protect Cover
Extended Bike Protection
The key replacement cover is designed to help you out if you lose your bike keys or they get stolen. The key replacement cover pays for the cost of getting new keys and installing new locks in the insured bike, including labour charges.
Tyre Protector
Extra Bike Protection
We cover accidental damage to your bike’s tyres and tubes. This can include accidental damage such as bulges, bursts, cuts or tears. It helps cover the cost of repairs and replacements, including wheel alignment and balancing, as well as the expense of consumables.
NCB Retention Cover
Money Saver
Keep your No Claim Bonus at renewal even after you file a bike insurance claim during the policy year. You can file up to one claim per policy year*, provided your bike insurance claim amount is less than 25% of your bike’s insured declared value.
Consumables Expenses
Money Saver
Consumables, such as engine oil, brake fluid, nuts and bolts, chain lubricant, coolant and more, are required for your bike's smooth functioning. This two-wheeler insurance add-on covers the cost of repairing/replacing consumables for your bike after an accident.
Return to Invoice (RTI)
Money Saver
Get your bike’s original invoice price if your bike is stolen and not found or is declared a total loss after a major accident. We will also refund one-time registration charges, road tax and insurance costs, making this cover a great addition to your bike insurance policy.
EMI Protection
Money Saver
The EMI protection add-on is ideal when scooter repairs or replacements take more than 30 days. With this bike insurance add-on, if the repair period exceeds 30 days, we will pay up to 3 EMIs to your bank on your behalf, providing you with extra financial security.
Daily Allowance Benefit Plus
Money Saver
If your bike or scooter is under repair for over 2 days in an authorised garage due to accidental damage, this add-on pays you a fixed daily amount of up to ₹5,000/day to cover your travel costs. For example, you could use this amount to cover your daily commutes to work.
Rim Protector
Extra Bike Protection
The rim damage add-on is designed to help when your bike's wheel rims are accidentally damaged, making them unfit for use. This cover pays for the repair or replacement of damaged rim(s), labour charges, wheel alignment and balancing and consumables.
Two Wheeler Assistance Cover
Extra Bike Protection
This add-on helps if your bike breaks down, has a flat tyre, runs out of fuel or gets locked in a remote location with no garages nearby. It covers towing, on-site repairs, fuel delivery and more, so help is always there when you need it.
Hospital Cash Cover
Money Saver
You get a daily payout if you are hospitalised for over 24 hours due to injuries from an accident. The coverage kicks in when your hospital stay or admission lasts more than 7 days, and you will receive an additional amount for recovery.
Voluntary Deductible Cover
Money Saver
If you choose a voluntary deductible (an amount you agree to pay from each claim before we cover the rest), your premium is reduced. But remember, for every claim (even if your bike is a total loss), you have to pay this amount first before your insurance coverage kicks in.
E-Bike Battery Protect
EV Bike Protection
It helps cover the cost of repairs or replacement of your EV bike's battery if it is damaged by events such as power surges, water entering the engine, or accidents. This can be a useful add-on since the battery is the most expensive part of an EV bike.
Electric Motor Protect
EV Bike Protection
The Electric Vehicle Electric Motor Cover provides financial support for repairs or replacement of the electric motor, differential or transmission units of your EV bike in case they get damaged due to water getting into the electric motor or oil leakage.
Electric Bike Charger
EV Bike Protection
If your electric bike's charger and its parts, like cables and adapters, get damaged by things like fire, flooding, power surges or accidents, the electric vehicle charger add-on covers the expenses for the repairs or replacement of the charging unit.
Factors Affecting Bike Insurance Premiums
Make and Model
The make and model of your bike also influence your 2-wheeler insurance premium. High-end and sports bikes attract higher two-wheeler insurance premiums than regular bikes. This is because high-end models also have higher repair/replacement costs in the event of an accident or damage. This also means that they will have a higher IDV to cover the high costs, increasing the premium prices.
RTO Registration and Vehicle Costs
Bikes or scooters registered in metro cities or areas prone to accidents or floods typically cost more to insure due to higher risk. Additionally, vehicle costs also change based on the location of your bike's RTO registration, impacting the IDV. Make sure that the IDV range you select closely matches the current market price of your vehicle. The lower your IDV, the lower your premiums, but a higher IDV increases your overall claim limit.
Modifications of the Bike Type of Coverage
Modifications that make your bike faster or more powerful usually mean a higher premium, since they increase the risk of accidents. On the other hand, adding safety features like improved brakes or security systems may result in some cost savings. This is because insurers offer lower premiums and also discounts if you've installed ARAI-approved anti-theft devices.
Anti-Theft Device
Installing an anti-theft device approved by the Automotive Research Association of India (ARAI) on your bike significantly reduces its risk of theft. This is because these devices make your bike less likely to be stolen, which means fewer claims for the insurer. As a result, you can get a 2.5% discount* on your insurance premium, helping you save on lower rates.
Claim History
If you drive carefully, you not only lower the risk of damaging your bike but also reduce the chances of claiming your insurance. We award a no-claims bonus discount for not claiming your insurance for up to 5 consecutive years. If you have gained the discount during your previous term, you can enjoy low-priced bike insurance at the time of renewal. Utilise these discounts to lower your two-wheeler insurance premiums up to 50%*.
Type of Coverage
The type of bike insurance plan you select will impact the overall premium. Comprehensive plans tend to be pricier since they cover damages to both your vehicle and third parties. Own-damage plans offer flexibility with both short-term and long-term tenures, whereas third-party insurance is the most economical option but provides restricted protection.
Add-Ons
Add-ons enhance your policy’s coverage by offering protection against specific risks. They can slightly increase your premium but help reduce out-of-pocket expenses during claims. So, pick add-ons that truly fit your riding habits and insurance needs to avoid paying for unnecessary extras. Common add-ons include engine protection, zero depreciation, roadside assistance and key replacement, depending on your driving needs.
Voluntary Deductible
If you choose a higher voluntary deductible on your bike insurance, you can get a discount on your premium. This approach works best if you are a confident rider and do not expect to make frequent claims, helping you save on your insurance costs. To lower your premiums, go for higher deductibles, but make sure you can pay them when doing this.
How to Calculate Bike Insurance Premium?
Enter Your Details
Enter your bike registration number and contact information.
Select Coverage
Choose the policy type and add-ons (if needed). Click "Check Prices".
Check Premium
Click “View Price” to get an instant bike insurance premium quote.
Tips to Save on Your Bike Insurance Premium
Apart from the discounts we offer under our bike insurance policies, there are other ways you can bring your overall bike insurance premiums down. Here are some ways you can do that:
Ensure Correct IDV
Make sure that the IDV range you select closely matches the current market price of your vehicle. The lower your IDV, the lower your premiums, but a higher IDV increases your overall claim limit. Hence, it's important to choose the right IDV.
Opt for Deductibles
Deductibles work great at reducing your bike insurance premium. These refer to the voluntary expenses you agree to pay before your insurance plan begins to cover the remaining expenses. To lower your premiums, go for higher deductibles, but make sure you can pay them when doing this.
Install Anti-Theft Devices
The installation of anti-theft devices on your bike significantly reduces its risk of theft. As a result, you receive lower bike insurance premium rates for your bike, as it reduces the overall risk of insuring it. We offer a 2.5% discount* for bikes with ARAI-approved anti-theft devices.
Utilise NCB Discounts
If you are an existing policyholder and have not made any claim during your previous tenure, you are eligible for no-claims discounts when you renew your bike insurance plan. Utilise these discounts to lower your two-wheeler insurance premiums up to 50%*.
Choose Add-Ons Wisely
Pick add-ons that truly fit your riding habits and insurance needs to avoid paying for unnecessary extras. Carefully assess each add-on’s benefits against its cost so you only pay for coverage that is valuable to you, keeping your insurance affordable and practical.
Renew Your Policy On Time
Renew your bike insurance policy before it expires to avoid a coverage gap and maintain continuous protection. Timely renewal also helps you keep valuable benefits like the No Claim Bonus, so you do not lose out on discounts or face hassles if you need to make a claim.
What is IDV in Two Wheeler Insurance?
IDV in bike insurance refers to the maximum amount your vehicle can be insured for. In simple terms, it is the maximum amount you can claim if your bike gets stolen or damaged beyond repair. Although the actual IDV of two-wheelers is calculated using methods published by IRDAI, you can adjust your IDV by 15%
Choosing the accurate IDV is crucial as it directly impacts your two-wheeler insurance premium rates and claim limit. For instance, if your IDV is high, you have to pay higher premiums, but you can claim a higher amount in the event of total loss.
On the other hand, lower IDV will lead to lower bike insurance premiums but will also lower your claim limit if your bike is lost or damaged beyond repair.
Factors Impacting Insured Declared Value (IDV)
The Insured Declared Value (IDV) plays a huge role in determining your bike's overall premium amount and the amount of coverage you receive under your bike insurance plan. Here are the key factors that impact your bike's IDV during policy purchase and renewal:
How is Depreciation Calculated in Bike Insurance?
As your bike gets older, its value naturally drops because of depreciation. A fixed percentage is deducted from its value each year to calculate your IDV. Below is a table showing the schedule of depreciation for fixing the IDV of the bike:
Age of Vehicle | Depreciation Percentage |
|---|---|
Below 6 months | 5% |
Between 6 months and 1 year | 15% |
Between 1 year and 2 years | 20% |
Between 2 years and 3 years | 30% |
Between 3 years and 4 years | 40% |
Between 4 years and 5 years | 50% |
How to Choose the Right Bike Insurance Policy?
My Employer is taking care of my Health Insurance and so I do not need one
Choose the Right Insured Declared Value
Pick an IDV that matches your bike’s current market value. We offer flexibility by letting you choose your bike’s IDV within a specified range, allowing you to balance your premium and claim amount based on what suits you best.
My Employer is taking care of my Health Insurance and so I do not need one
Select the Right Coverage
Choose a policy that fits your needs and how you use your bike. Third-party insurance is required by law. Own damage specifically protects your bike. Comprehensive insurance covers your bike along with third-party damages. We offer all three policy types.
My Employer is taking care of my Health Insurance and so I do not need one
Look for Add-Ons
Add-ons allow you to customise your bike insurance for extra protection at a small premium cost. Popular options include zero depreciation cover, roadside assistance and NCB retention cover. We offer an impressive selection of over 10 add-on covers, including 3 unique EV add-ons
My Employer is taking care of my Health Insurance and so I do not need one
Ensure Availability of Network Garages
A wide network of cashless garages makes repairs seamless. So, before finalising a plan, ensure that the network garages are easily accessible from your location. We have a vast network of over 11,000* cashless network garages, ensuring quick and convenient service wherever you are.
My Employer is taking care of my Health Insurance and so I do not need one
Claims Settlement Process
Opt for an insurer known for a straightforward and efficient claims process as well as a high claim settlement ratio. IndusInd General Insurance stands out with a high claim settlement record, instant claims over our mobile app with video self-inspections.
My Employer is taking care of my Health Insurance and so I do not need one
Check Customer Reviews & Ratings
Another way to assess your chosen bike insurance plan would be to check customer reviews. While a few negative reviews are inevitable, it's essential to check what the majority of reviews say to gain an overview of the policy's pros and cons, as well as the insurer's general reputation.
Buy/Renew IndusInd Bike Insurance
At IndusInd General Insurance, you can easily buy and renew your bike insurance plan either through our website or via the Self-i app. All you need to do is enter your name, mobile number, and bike registration number on the form at the top to get started. Then, once you've decided on a bike insurance policy, complete the KYC process, pay online and get your policy instantly via email.
Renewals are even quicker – Just enter your bike policy number, click renew and pay! You can also do this on our Self-i app by tapping on 'InstaRenew".
Bike insurance starting at just ₹19 per month*!
Get Bike Insurance in Minutes!
Our 100% digital bike insurance plans ensure easy access to our services with just a single tap from your phone via the Self-i app.
How to File a Bike Insurance Claim?
Cashless Claim
You must inform us within 24 hours or register your bike insurance claim on the Self-i app.
Visit a network garage for repairs. We will send a surveyor to check the extent of damage to your bike.
You can also do a self-inspection using the Self-i app, just submit photos or join a video call with a surveyor.
Submit all your claim documents and wait for approval from our team. This can take 7 days (after document submission).
After we approve of your claim, we pay the bill directly to the garage and drop off your bike at your address.
Reimbursement Claim
You must inform us within 24 hours. You can also register your bike insurance claim on the Self-i app.
Visit any garage of your choice to get your bike repaired. Pay the repair bills and keep all bills and receipts.
Register your claim on our website. Download and fill out the claims form and upload it with your other documents.
As part of the document verification, upload RC, policy certificate, driver's licence, FIR (if needed), and the repair estimate.
Upon approval of your claim, we will transfer the claim amount directly to your bank account.
Disclaimer: For precise claim-related information, please refer to our policy documents or get in touch with our customer helpline.
Bike Insurance Terms You Need to Know About
Navigating how bike insurance works can sometimes be confusing. That's why we've explained the most common bike insurance terms for you, so you know exactly what to ask for when you buy a bike insurance policy.
Third-Party Coverage
Third-party coverage in two-wheeler insurance protects you if your bike accidentally causes injury or property damage to someone else in an accident. This insurance is mandatory in India and helps pay for compensatory costs in your place if your bike causes accidental damage/injury to another person or their property.
Own Damage Cover
Own Damage Cover in two-wheeler insurance financially protects you if your bike is damaged due to an accident, natural disasters or man-made events, such as riots and strikes. This cover helps pay for repairs or replacement of your own bike, ensuring financial security. It also covers theft if your bike is stolen and never recovered by paying your bike’s IDV amount.
Insured Declared Value (IDV)
This is the current market value of your bike. It’s also the maximum amount your insurance company will pay you if your bike is damaged beyond repair in an accident or is stolen and never recovered. We offer IDV customisation by allowing you to choose your IDV amount during purchase from a preset range based on your bike’s make and model, so that you can choose the best one suited to you.
Personal Accident (PA) Cover
Personal Accident Cover in two-wheeler insurance provides financial support to you and your family in case of injury, disability or loss of life due to an accident. It offers a lump sum payout of up to ₹15 lakhs* for loss of limb(s), loss of eyesight, permanent total disablement and accidental death. According to the Motor Vehicles Act, 1988, this is also a mandatory cover in India.
For example, if you suffer permanent total disablement from a bike accident, personal accident cover for owner-drivers pays 100% of the insured amount. However, the insurer’s total payout cannot exceed ₹15 lakh during any single policy period.
Premium
It is the amount you have to pay to maintain the coverage of your two-wheeler insurance policy.
Deductibles
This refers to a fixed amount you agree to pay before your two-wheeler insurance plan begins to cover the remaining expenses. It comes in two types: compulsory and voluntary deductibles
Compulsory Deductibles
Compulsory deductible is set by IRDAI based on your bike’s engine capacity (cc). This amount is mandatory and must be paid regardless of what bike insurance policy you buy. Our bike plans with OD coverage are subject to a mandatory deductible of ₹100*.
Voluntary Deductibles
Voluntary deductible is an additional amount you opt to pay. You can choose your voluntary deductible amount while buying or renewing your policy.
Voluntary deductibles in bike insurance allow you to lower your premium amount. By selecting a deductible between ₹500 and ₹3,000, you can reduce your own damage premium by 5% to 25%, subject to a maximum of ₹250.
You should note that voluntary deductibles are added to the compulsory deductible amount. So, if you opt for a voluntary deductible, you’ll have to pay higher out-of-pocket costs during claims.
Policy Period
It refers to the duration for which you receive insurance coverage and benefits for your two-wheeler.
No Claim Bonus (NCB)
This is a discount offered for not making a claim during the policy term or year. It can be used to reduce the premiums at the policy renewal.
We offer a renewal discount on own damage premiums starting at 20% on the first year, up to a maximum of 50%* for 5 consecutive claim-free years. To keep your NCB, you must renew your policy within 90 days of expiry; otherwise, your accumulated bonus will lapse and cannot be transferred.
Add-Ons
These refer to the additional covers that can be purchased to increase the coverage of an existing two-wheeler insurance policy.
Grace Period
It is the period during which you can renew your two-wheeler insurance policy and restore the benefits after its expiry. The grace period under our plans is typically 90 days. Note that once the grace period is over, you cannot reinstate the policy. You will lose all the benefits as well.
Network Garage
Network garages refer to our empanelled auto-repair facilities, where you can take your insured bike after an accident and get it repaired cashlessly by certified professionals. We settle your repair/replacement expenses directly at your chosen network facility, so you don’t have to bear the hefty repair expenses.
We offer 11,000+ network garages* across India, which you can find using our garage locator tool or the Self-i app.
Cashless Settlement
This is a type of motor insurance claims settlement process that involves our insurance company directly settling your covered expenses. You can get cashless settlement at any of our 11,000+ network garages*.
Depreciation
This refers to the decrease in value of your bike and its parts due to regular use, wear & tear and time. When you raise a claim, your insurer will calculate the depreciated value of your bike parts to be repaired or replaced and subtract that value from your total claim amount. So, you will have to pay the depreciated value that gets subtracted from the total claim amount out of pocket. The older your bike gets, the higher the depreciation value.
Total Loss
If the insured bike has been destroyed or has been rendered permanently incapable of use, it is declared a total loss claim. Your bike is also considered a total loss if it is stolen and has not been recovered.
Constructive Total Loss
If the assessed loss of the insured bike is more than 75% of the Insured Declared Value (IDV), the claim is considered for constructive total loss. In other words, if your bike repair costs amount to more than 75% of your bike’s IDV, then it is considered a constructive total loss since it may be more cost-effective to simply buy a new bike than fix your old one.
Disclaimer: Policy information and discount percentages are subject to change based on the age of the vehicle, vehicle make and model, and your chosen plan options. You can always contact us to ensure you have the most up-to-date information on your applicable discount percentages and policy features.
Key Takeaways
IndusInd Bike Insurance (formerly known as Reliance Bike Insurance) covers your bike repair costs from damages due to road accidents, theft and natural disasters. With our plan, you also get covered for third-party damages in case you cause property damage or injury to another person. Besides, you ensure compliance with Indian motor laws under the Motor Vehicles Act, 1988.
At IndusInd General Insurance (formerly known as Reliance Bike Insurance), we offer tailored bike insurance plans with benefits like low premiums, cashless repairs at 11,000+ network garages*, quick claims and instant buy/renewal through the Self-i app.
With us, you get the freedom to customise your plan using our 10+ add-ons* to ensure extra protection for your bike. Most importantly, we offer 24/7 customer support via calls, email, WhatsApp and live chat to make sure you are never alone during emergencies.
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Aapke Protection ka All-rounder
Frequently Asked Questions
Why is bike insurance compulsory in India?
It has been mandated by the government to ensure the safety of both drivers and non-drivers on the roads. Hence, two-wheeler insurance is mandatory for every motorbike owner, according to the official Motor Vehicles Act of India. Moreover, a 5-year third-party insurance is compulsory for new bike owners in India.
At IndusInd General Insurance, you can get a standalone 5-year third-party policy* or a 5-year comprehensive policy* that bundles third-party and own damage coverage under a single plan.
Should I buy comprehensive or third-party insurance for my two-wheeler?
The choice between comprehensive and third-party insurance for two-wheelers depends mainly on your coverage requirements.
If you’re on a budget and are just looking for an affordable policy to fulfil your legal obligations, then a third-party policy may be ideal. However, this type of policy will not pay for your bike’s repair costs.
A comprehensive bike insurance plan is ideal if you require extensive coverage. It covers damages caused to your bike and third-party damage. This plan may cost a little more, but it can actually help you save more money in the long run since it will significantly minimise your out-of-pocket expenses.
At IndusInd General Insurance, we offer third-party and comprehensive bike insurance plans with up to 5 years of coverage*. Plus, under our comprehensive bike policy, you get access to 10+ add-ons* to further enhance coverage.
Should I purchase a two-wheeler insurance policy online or offline at IndusInd General Insurance?
You can select any purchase method based on your convenience. However, if you purchase a policy online directly from our website or the Self-i application, we offer exclusive discounts of up to 80%* on your bike insurance premiums.
What is first-party insurance for a bike?
First-party bike insurance is another name for comprehensive bike insurance. It refers to a type of policy that only covers the damages incurred to the insured bike due to various perils, such as natural calamities, man-made disasters, fire, explosions and theft.
What is zero depreciation and what do depreciation costs mean?
Depreciation refers to the decrease in your vehicle’s value over time due to wear and tear. Normally, insurers deduct this depreciation when settling claims for damaged parts, which is known as depreciation cost. Our zero depreciation cover ensures you get the full claim amount without any deductions for depreciation, meaning you pay less out of pocket during bike repairs.
My two-wheeler insurance expired. What to do?
Your bike insurance policy becomes inactive after the expiry date. If you want to continue the coverage and benefits, it is strongly recommended that you renew your plan within the specified grace period of 90 days.
Note that any failure to do so will lead to a lapse in your bike insurance plan. As a result, you will lose all the accumulated rewards and discounts and have to buy a new bike insurance policy.
Is it mandatory to buy a bike insurance plan for a second-hand two-wheeler?
Yes. Every two-wheeler must be insured regardless of its age, type, make and model. If the previous owner already has an insurance plan, you can consider transferring it to your name along with the other vehicle documents.
If you are selling your bike or any other two-wheeler, you can transfer the insurance plan to its new owner with the other vehicle documents. This can improve the resale value of your vehicle.
At IndusInd General Insurance, we offer a wide array of bike insurance policies that you can choose from if you decide to switch over to a new policy. You can also renew your existing policy from another company at IndusInd General Insurance and transfer your existing benefits, like discounts and bonuses.
So, you can transfer the full benefits of No Claim Bonus when you shift your bike insurance policy from another company to IndusInd General Insurance (formerly Reliance General Insurance).
What are the steps and requirements for transferring bike insurance to a new owner?
Here are the steps and requirements for transferring bike insurance to a new owner:
The new owner must request the transfer with the old owner’s consent and submit a fresh proposal form, proof of sale and surrender the original policy.
If the new owner is not eligible for the same No Claim Bonus (NCB), the difference will be recovered.
If the ownership change is reported after 14 days, an inspection of the vehicle is required before policy transfer.
The new owner must pay a ₹50 transfer fee and any premium difference due to changes in risk details like driver age, claim experience or vehicle night parking location.
Once all requirements are met and verified, the policy is transferred to the new owner.
What happens to NCB when a vehicle is sold, and how is it transferred to the new owner?
When you sell your vehicle, the No Claim Bonus (NCB) stays with you as the original policyholder. It does not pass to the new owner.
The new owner’s NCB entitlement is based on the entry NCB shown in the policy schedule and if they are not eligible for the same NCB, IndusInd General Insurance (previously known as Reliance General Insurance) will recover the difference.
As the old owner, you will receive a reserving letter reflecting your actual earned NCB at the time of sale.
Which is a better option for a two-wheeler insurance claim: cashless or reimbursement?
Both are efficient options which can be chosen based on the type of claims. By opting for cashless settlement, you can reduce your out-of-pocket expenses and get your insured bike repaired by professionals at our network garages. It is a much simpler and quicker way to settle motor claims.
However, for situations like theft or severe damage, reimbursement claims are useful. At IndusInd General Insurance, we offer a smooth process and low turnaround time for both cashless and reimbursement claims. For more details, contact us.
What discounts are available on premiums if I install an anti-theft device on my bike?
If you install an ARAI-approved anti-theft device on your bike, you can get a 2.5% discount per year* on your own damage premium, with the maximum discount capped at ₹500.
Plus, if you are a member of a recognised Automobile Association, you will receive a 5% discount per year* on your own damage premium, subject to a maximum of ₹50.
Disclaimer: These discount percentages are subject to change based on the age of the vehicle, vehicle make and model, and your chosen plan options. You can always contact us to ensure you have the most up-to-date information on your applicable discount percentages.
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