Bike Insurance Online in India

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 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.

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 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.

It is the amount you have to pay to maintain the coverage of your two-wheeler insurance policy.

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 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 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.

It refers to the duration for which you receive insurance coverage and benefits for your two-wheeler.

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.

These refer to the additional covers that can be purchased to increase the coverage of an existing two-wheeler insurance policy.

This is when you fail to renew your bike insurance policy by the due date. When this happens, your policy expires, and bike insurance ceases, meaning you will no longer have coverage for bike repairs.

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 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 IndusInd Insurance app.

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*.

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.

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.

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.