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In India, if a person owns a bike, scooter or moped, having a proper policy in place for your two-wheeler is a must. Many general insurance companies offer customized two wheeler insurance policies that suit an individual’s needs and preferences. They have various types of plans that can offer complete protection against unexpected accidents, any natural incidences like fire, earthquake, storm, or man-made calamities like stealing or burglary.


It has been found that most people in India take insurance cover as an additional burden on their finances. However, it is wrong. This is the best financial support an individual can have when things go out of control. Imagine there is an accident and the third party person or property is damaged. The costs incurred will make a big hole in the pockets. But, a suitable two wheeler insurance policy will help you shelter against such unforeseen events. Keeping in mind the huge growth opportunities and high FDI flow, the government has focused on boosting the bike insurance segment.  IRDAI have allowed insurers to launch a 3-year comprehensive cover for scooters, mopeds, and motorcycles. Comprehensive cover is 30-40% cheaper than buying annual policies. It comes with lucrative offers for the buyers. Besides, it cuts down from the hassle of every year renewals of the policy. This new scheme is presented to tackle the problem of uninsured two wheeler plying on Indian roads.


A comprehensive two wheeler policy provides cover against financial liabilities that is likely to be incurred by the policy holder during theft, third party damages or death occurred by your vehicle. It is considered as one of the most widely bought insurance cover product due to the dual advantage of third party coverage as well as your own bike protection.


When an individual does not make any claims on your policy, then you can easily avail for No Claim Bonus. Every time when you complete your insurance year without any claims you’re rewarded with No Claim Bonus points. These points could be redeemed against the claim amount or premium reduction. It is advisable don’t opt bonuses for petty scratches or dents. Instead, when the amount gets accumulated go for higher claim or discounts. The other way to keep you NCB intact would be applying for add-on cover for NCB protection. Although, you may need to pay a little extra on your premium but it’s a valuable protection. It will help to reinstate your NCB to the certain extent. Anti-theft alarms, parking in the safe area, any bike association membership are some other ways to avail discount on your two wheeler insurance policy.


Today, a lot of companies have started two wheeler policies online. Cashless claims can be made at the selective garages across India. In case, you’re not happy with the existing insurer there is an option to shift your two wheeler policy from one insurer to another.


Although, there are many ways to buy bike policy such as calling up agents or customer service, visiting branches, etc. but online two wheeler insurance purchase is extremely quick and simple. With the advent of internet based facilities, today picking up your insurance premium rate, features, coverage amount has become as simple as a click of the button on your smartphone, laptops or computers. You can compare and purchase two wheeler insurance online at affordable prices. Check insurer websites, the policy structure, features & benefits offered, rider benefits, annual premium charges and then go for suitable policy purchase.