Long Term Two Wheeler Insurance

Own Damages for Third-Party Policy holder

In the case of a Third-Party or Liability Only Bike Policy, damages to own vehicle won’t be covered. 

Drunk Riding or without a Licence

Your bike insurance won’t cover for you in situations where you were riding drunk or without a valid two-wheeler licence.

Driving without a valid Driving Licence holder

If you hold a learner’s licence and were riding your two-wheeler without a valid licence-holder on the pillion seat- then your claim in those situations won’t be covered.

Consequential Damages

Any damage which is not a direct result of the accident (e.g. after an accident, if the damaged two-wheeler is being used incorrectly and the engine gets damaged, it is considered as consequential damage and it will not be covered)

Contributory Negligences

Any contributory negligence(e.g. damage due to driving a two-wheeler in a flood, which is not recommended as per the manufacturer’s driving manual, will not be covered)

Add-ons not Bought

Some situations are covered in add-ons. If you haven’t bought those add-ons, the corresponding situations will not be covered.

Zero Depreciation Cover

Think of it like an effective anti-ageing cream for your bike and its parts. Usually, the required depreciation amount is always taken in account during claims. However, a zero-depreciation cover ensures no depreciation is taken into consideration, so you get the full value of the cost of repair/replacement during claims.

Return to Invoice Cover

If you fall into a situation where your bike is stolen or damages beyond repair, this add-on comes in handy. With return to invoice add-on, we will cover the costs of getting you the same, or similar bike- including the road tax and registration fees for the same

Engine & Gear-box Protection Cover

Do you know that the cost of replacing your engine is approximately 40% of its cost? In a standard two-wheeler insurance policy, only damages caused during the accident are covered. However, with the engine and gear-box protection add-on cover, you can specifically cover the life of your vehicle (the engine and gearbox!) for any consequential damages caused post the accident. This could happen due to water regression, leakage of lubricating oil, and undercarriage damages.

Consumable Cover

The add-on of consumable cover adds an additional shield to your two-wheeler. Covers the cost for all your bike’s nitty-gritties such as the engine oils, screws, nuts and bolts, grease, etc. in the event of an accident.

Breakdown Assistance

The roadside assistance add-on ensures we’ll always be there for you and your two-wheeler in case of any breakdowns. The best part? Asking for our help doesn’t even count as a claim.

Tyre Protect

The tyre protect add-on cover is offered only to vehicles fitted with run flat technology. As part of it, the cost of replacing damaged tyres with equivalent or near equivalent to the one being used in the vehicle, labour and wheel balancing charges can be reimbursed. However, claims made under the add-on cover is subject to conditions set forth under the vehicle insurance policy.

Daily Conveyance Benefit

The add-on cover of daily conveyance benefit will ensure that you are compensated for your transportation cost during the period when two-wheeler is under repair subject to applicable time excess. A policyholder can be compensated in the form of fixed allowance per day or coupons from taxi operators from an amount equal to per day fixed allowance.

EV Shield Add-on Cover

This EV Shield add-on cover for electric two wheeler in India will protect you and your vehicle against any loss or damage to the electrical panel for the vehicle charging point, vehicle charger including charging cable, and offer roadside assistance services specific to EVs.

Longer Validity

Two-wheeler third party insurance for 3 years provides extended coverage, so, there is now no need for you to do two-wheeler insurance renewal for 3 years, thus, ensuring continuous protection.

Cost-Effective

It is generally more cost effective than renewing a bike insurance policy annually as it protects against yearly premium hikes and also because insurance companies often offer discounts on 3-year bike insurance prices. 

Stable Premiums

With a long-term insurance plan, the premium also remains unchanged for the entire duration of the policy, ensuring financial stability. 

Convenience

Since you do not have to do two-wheeler insurance renewal for 3 years you save time and effort, making it a hassle-free choice.

Engine Capacity

Bikes with higher cc generally have 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.

Insured Declared Value

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.

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).