Buy Long Term Two-Wheeler Insurance for 3 Years Online

A long term two-wheeler insurance frees vehicle-owners from the necessity of renewing their insurance policy every year, as it insures your two-wheeler in unfortunate events for up to 3 or 5 years.

The Insurance Regulatory and Development Authority (IRDA) has extended this facility of multi-year insurance policies for standalone third-party liability plan and the ones combined with own damage plan for two-wheelers.

This means that you can avail two-wheeler third party insurance in a bundled bike insurance policy, including 5 years of third-party liability cover + 1 year of own damage cover (5 TP + 1 OD).

As for long term comprehensive bike insurance, these are available only for two-wheelers that have been purchased after 1st September 2019.

Here are types of long-term bike insurance policies available in India:

• Long-Term Third-Party Policy: Long term two-wheeler third party insurance for bikes protects your newly bought vehicle against third-party liabilities for up to 5 years, including own damage cover for 1 year, implying that damage to your own bike is also covered for a year. This law was effective from 1st August 2020.
• Long-Term Comprehensive Policy: As the name suggests, the long-term comprehensive policy offers financial protection against damage to your two-wheeler and third-party liabilities for up to 3 years. However, it is available only for two-wheelers purchased after 1st September 2019.
• Long-Term Own Damage Policy: On December 7, 2022, IRDAI proposed to introduce Long-term Own Damage cover such that its policy period is the same as the Third-party Liability cover. This allows policyholders to buy insurance for multiple years in one transaction.

The two-wheeler insurance for 3 years offers several benefits over the regular ones, such as:

• Avoiding Non-Renewal Implications: The period between the lapse of your bike insurance policy and its renewal can expose you to several risks. For example, a hefty fine due to a traffic violation, as well as financial liabilities from any accident during the period, can lead to huge losses. By having a two-wheeler third-party insurance for 3 years, you can reduce these risks to quite an extent, at least for 3 years of the policy term. 
• Convenience: In most cases, two-wheeler owners forget about renewing their insurance policies after their 1-year policies have expired. With the 3-year plans, you can actually forget about two-wheeler insurance renewal for 3 years without repercussions. That is why these plans are much more convenient because they curb the necessity of renewing your third-party insurance policy annually.

Before purchasing a 3-year two-wheeler insurance policy, consider the following factors:

• Coverage Type: Decide whether you need third-party liability coverage or a comprehensive policy as per your needs.
• Determine Your Budget: Customise your vehicle’s IDV as per your budget and opt for add-ons accordingly as well.
• Compare Premium Costs: Compare bike insurance premium quotes from different insurers online to get the best deal.
• Policy Terms: Read the long-term bike insurance policy document carefully beforehand to avoid any discrepancy and confusion at the time of claim.

The following things affect the 3-year bike insurance price:

• Engine Capacity or CC: Bikes with higher cc generally have higher premiums.
• Insured Declared Value (IDV): The IDV is the current market value of the bike, and it directly affects the 3-year bike insurance price at the time of claim as a higher IDV will lead to higher premiums.
• Bike's Age and Model: Newer and more expensive bike models generally have higher premiums as their bike parts are more expensive.
• Location: The city or area in which you ride your bike also determines the 3-year bike insurance price. Areas with higher traffic or theft rates attract higher premiums.
• Add-ons: Opting for add-ons with a long-term comprehensive bike insurance policy will also increase the insurance premium as add-ons are available at an additional amount, over and above the premium amount. 
• No Claim Bonus: If you have not filed for any claims in the previous bike insurance policy period, then you will be rewarded with a discount on your bike insurance renewal premium price through the No Claim Bonus (NCB). 

When it came to motor insurance specifically, Digit showcased a high-efficiency Claims Settlement Ratio (CSR), with 96% of motor claims settled seamlessly and we make this simple with:

• Smartphone-enabled self-inspection process, with which you can file your claim in minutes!

• Cashless Claims at over 9000+ garages in India, so you can get your two-wheeler fixed without stress. 

• Everything digital and paperless. No need for hard copies—just upload everything on our app, and you're all set!

At Digit, we believe filing a motor insurance claim should be simple, not stressful. That’s why we’ve built intelligent automation into every step of the process—so you can get back on the road, faster.

• AI That Sees What You See: When you upload a video of the damage through our app, our AI doesn’t just watch—it analyses. Using advanced image recognition, it assesses the extent of the damage, classifies it, and helps determine the next steps. This means quicker evaluations, fewer delays, and a smoother experience for you.
• Automated Document Processing: From inspection reports to claim forms, our AI systems automatically sort and process your documents. This reduces manual effort, minimises errors, and speeds up approvals. And with a human-in-the-loop approach, we ensure every claim is handled with both precision and empathy.
• Automation That Works Behind the Scenes: Our systems also fetch claim details directly from partner platforms, eliminating the need for repetitive data entry. Whether it’s Bulk Policy Issuance or real-time claim registration, automation helps us move faster—so you don’t have to wait.