India's Top-Selling Two-Wheeler Insurance Plans

Bharti AXA offers two types of two-wheeler insurance plans and a range of add-on covers.

For New Two-Wheelers

• 5-year third party cover
• 5-year third party cover + 1-year own damage cover
• 5-year third party cover + 5-year own damage cover For Old Two-Wheelers

• 1-year third party
• 2-year own damage cover
• 2-year third party cover + 2-own damage cover
• 3-year third party cover + 3-year own damage cover

Both comprehensive (third party + own damage) and third-party liability cover include a compulsory personal accident cover of Rs 15 lakh. Following are the compensation level in different scenarios:

• Death- 100%
• Loss of two limbs or sight of two eyes/one limb and sight of one eye- 100%
• Loss of one limb or sight of one eye- 50%
• Permanent total disablement from injuries- 100%

Add-on Cover Offered

• Zero depreciation cover

Here are the two types of comprehensive two-wheeler insurance policy offered by Bajaj Allianz and their features:

3-Year Long Term Package Policy

• Every three-year policy renewals
• Three-year coverage period
• No effect on third-party premium during the policy period
• Additional NCB benefits on renewal
• Proportional refund in case of mid-term policy cancellation

1-Year Package Policy

• Every year policy renewal
• Third-party premium increases every year
• NCB benefits will be given as per tariff
• No refund in case of mid-term policy cancellation

Inclusions

• Personal accident coverage of Rs 15 lakh (owner-driver)
• Losses and damages suffered due to natural calamities or man-made disasters
• Third-party legal liability

Add-on Cover Offered

• Zero depreciation cover
• Personal accident cover for pillion rider

HDFC ERGO provides four types of two-wheeler insurance plans to its customers. Following are the plans and benefits offered:

Single Year Comprehensive Two-Wheeler Insurance

• Accidental damages
• Fire-explosion
• Theft
• Natural calamities
• Personal accident cover of Rs 15 lakh
• Third-party liability
• Zero depreciation cover (optional)
• Emergency assistance cover (optional)

Standalone Motor Own Damage Cover: Two-Wheeler

• Accidental damages
• Fire-explosion
• Theft
• Natural calamities

Long-Term Comprehensive Two-Wheeler Insurance: Up to 5 Years

• Accidental damages
• Fire-explosion
• Theft
• Natural calamities
• Personal accident cover of Rs 15 lakh
• Third-party liability
• Zero depreciation cover

Two-Wheeler Liability Only Insurance

• Personal accident cover
• Third-party liability person
• Third-party property damage
• Zero depreciation cover

From one of the most trusted brands in India, the SBI General provides three types of two-wheeler insurance to its customers.

Two-Wheeler Insurance Package Policy

• Accidental damage to the vehicle
• Personal accident cover to owner-driver
• No claim bonus
• Third-party liability
• Customised pricing based on user profile
• Special discounts for users aged between 25 and 55 years
• Transfer of no-claim bonus, when you shift your insurance policy from another insurance company

Long Term Two-Wheeler Insurance Package Policy (2 or 3 Years)

• Accidental damage to the vehicle
• Third-party liability for 2 or 3 years
• Personal accident cover to owner-driver
• No annual renewal

Motor Act Only- Long-Term Two-Wheeler Insurance Policy (For 5 Years)

• Third-party liability for five years
• Personal accident cover to owner-driver
• No annual renewal
• Long term policy and no annual renewal
• Personal accident cover to the pillion rider
• Bi-fuel kit

Add-on Cover Offered

• Return to Invoice
• Protection of NCB

It is a comprehensive two-wheeler insurance policy by TATA AIG and offers the following coverage and benefits:

• Loss or damage to the vehicle either through man-made disaster or natural calamities
• Personal accident cover owner-driver
• Third-party liability coverage (third party bodily injury, death and property damage)

Add-on Cover Offered

• Additional third-party property damage cover
• Additional personal accident cover owner to driver cover
• Personal accident coverage to unnamed persons (pillion rider)
• Emergency medical expenses
• Consumable cover
• Return to invoice
• Zero depreciation cover

IFFCO-TOKIO provides comprehensive two-wheeler insurance, which protects against all financial and legal risks arising due to accidents or any unfortunate incidents.

Benefits Offered:

• Coverage from natural calamities
• Coverage from man-made activities/accidental damages
• Zero depreciation cover
• Up to 50% discount from the non-claim bonus
• Protection from third-party legal liabilities
• Cashless services in more than 4,300 garage and service centres

Add-on Cover Offered

• No Claim Bonus Protection
• Engine Protection
• Return to Invoice
• Roadside Assistance

The New India Assurance provides two types of two-wheeler insurance products to its users:

Liability Only Policy

• The policy provides coverage for third-party liability for bodily injury liabilities, death and property damages. It also includes personal accident coverage for owner-drivers.

Package Policy

• It is a comprehensive two-wheeler insurance policy providing coverage for losses or damages to own vehicle and third-party liabilities. The package policy provides coverage for losses and damages to own vehicle caused due to man-made activities, accidents, natural calamities etc
• It also pays tow charges from the place of accident to the workshop up to a maximum limit of Rs 300 for two-wheelers.

Add-on Cover Offered

• Loss or damage to any accessories fitted in the two-wheeler

Reliance General Insurance offers comprehensive insurance policies to its customers with wide coverage and range of services. The two-wheeler insurance policy provides coverage for your own damage as well as third-party legal liability.

Under its no claim bonus (NCB) feature, it offers discounts up to 50% on the premium rate. Also, through voluntary deductible, you can lower the premium amount.

Add-on Cover Offered

• Zero depreciation cover
• Daily allowance benefit
• EMI protection
• Helmet cover

As one of the most preferred general insurance companies, National Insurance offers two types of two-wheeler insurance to its customers:

Liability Only Cover

• It is a third-party insurance policy that covers you against any legal liabilities following an accident involving your vehicle. It includes bodily injury or death of third-party (100% compensation) and third-party property damage (up to Rs 7.5 lakh).

Package Cover

• This is a comprehensive two-wheeler insurance policy that insures all liabilities as per the Indian Motor Vehicles Act,1988, including own vehicle damage, co-passenger, self and any third-party legal liabilities.

UIIC provides two types of two-wheeler insurance policy to its users, and that includes:

Section I (Own Damage/OD): Package Policy

The policy provides insurance for damages or loss to own vehicle or accessories. It includes:

• Accidental damages
• Damages caused due to man-made activities like theft, riot, terrorist activities
• Natural calamities like earthquake, flood, hurricane etc
• Fire or lightning strike

Under the terms of the policy, for theft coverage, the policyholder needs to pay an additional premium of 3% of the insured declared value (IDV). Additionally, accessories will be insured on payment of additional premium.

Section II (Liability): Package Policy

This insurance package provides insurance coverage for third-party legal liability for bodily injury, death of a third person. And, also includes third-party property damages.

This policy also includes personal accident cover for the driver-owner for a specified sum insured. All the claims will be as per the Motor Vehicles Act, 1988. Following are the amounts payable in case of a mishap or accident:

• Claimant's cost will be paid as decided Motor Accident Claims Tribunal
• All expenses are borne with the company's written consent