Coverfox.com
  • Insurance
    • Car
      • Car Insurance
      • Companies
      • Third party car insurance
      • Comprehensive car insurance
      • Car insurance calculator
      • New car insurance
      • Zero Dep Car Insurance
      • Buy Car Insurance
      • Compare Car Insurance
      • Car Insurance Articles
      • Cashless Garages
    • Bike
      • Two Wheeler Insurance
      • Two Wheeler Insurance Companies
      • Two Wheeler Insurance Claim
      • Two Wheeler premium Calculator
      • Third party Bike insurance
      • Multiyear Bike Insurance
      • Bike Insurance Articles
    • Health
      • Health Insurance
      • Companies
      • Mediclaim Policy
      • Individual Health Insurance plans
      • Critical illness insurance
      • Senior citizen health insurance
      • Arogya sanjeevani policy
      • Health Insurance Articles
      • Network Hospitals
    • Term
      • Term Insurance
      • Companies
      • Life insurance
      • Life Insurance calculator
      • Term Insurance calculator
      • Life Insurance Plans
      • 1 crore term insurance
      • Compare Term Insurance
      • Buy Term Insurance
      • Term Insurance Renewals
      • Term Insurance Articles
      • Life Insurance Articles
  • About Coverfox
    • About us
    • Insurance Blog
  • Claims
  • Contact us
  • Login
image title
TWO WHEELER INSURANCE

Types of Bike Insurance Plans to Consider in India

Sahil Thakur 28 March 2022

Learn about the various options available for bike insurance in India, from mandatory third-party coverage to comprehensive plans. Learn about standalone options, long-term policies, and multi-year solutions for complete protection against accidents, theft, and more.

Types of Bike Insurance

Riding a bike is a thrilling experience, but it also comes with its own set of risks. Accidents, theft, and natural calamities can cause damage to your bike, leading to financial losses. This is where bike insurance comes in. It provides financial protection against such unforeseen events and ensures that you are not burdened with hefty expenses.

But with so many types of bike insurance plans available in India, it can be overwhelming to choose the right one for your needs. In this article, we’ll discuss the different types of bike insurance plans in India and help you make an informed decision.

Third-Party Bike Insurance

What is Third-Party Bike Insurance?

Third-party bike insurance is the most basic and mandatory type of insurance for two-wheelers in India. It provides coverage for any damage or loss caused to a third party due to your bike. This includes bodily injury, death, or property damage.

Why is Third-Party Bike Insurance Mandatory?

The Motor Vehicles Act of 1988 makes it mandatory for all vehicles, including bikes, to have at least third-party insurance. This is to ensure that any third party affected by an accident involving your bike is financially compensated.

What is Not Covered Under Third-Party Bike Insurance?

Third-party bike insurance does not cover any damage or loss to your own bike. It only provides coverage for third-party liabilities.

How to Buy Third-Party Bike Insurance?

You can purchase third-party bike insurance from any insurance company or through online insurance aggregators. The premium for third-party bike insurance is fixed by the Insurance Regulatory and Development Authority of India (IRDAI) and is based on the engine capacity of your bike.

Comprehensive Bike Insurance

What is Comprehensive Bike Insurance?

Comprehensive bike insurance provides coverage for both third-party liabilities and damage or loss to your own bike. It is not mandatory by law, but it is highly recommended for complete protection.

What is Covered Under Comprehensive Bike Insurance?

Comprehensive bike insurance covers the following:

  • Damage or loss to your bike due to accidents, theft, fire, natural calamities, or man-made disasters
  • Third-party liabilities
  • Personal accident cover for the owner/driver of the bike

What is Not Covered Under Comprehensive Bike Insurance?

Comprehensive bike insurance does not cover the following:

  • Normal wear and tear of the bike
  • Mechanical or electrical breakdown
  • Damage or loss due to driving under the influence of alcohol or drugs
  • Damage or loss due to illegal activities
  • Damage or loss due to war or nuclear risks

How to Buy Comprehensive Bike Insurance?

You can purchase comprehensive bike insurance from any insurance company or through online insurance aggregators. The premium for comprehensive bike insurance is based on the Insured Declared Value (IDV) of your bike, which is the maximum amount you can claim in case of total loss or theft of your bike.

Standalone Own Damage Bike Insurance

What is Standalone Own Damage Bike Insurance?

Standalone own damage bike insurance is a type of insurance that provides coverage only for damage or loss to your own bike. It does not cover any third-party liabilities.

Why is Standalone Own Damage Bike Insurance Useful?

Standalone own damage bike insurance is useful for those who already have third-party bike insurance but want additional protection for their own bike. It is also useful for those who have a comprehensive bike insurance policy but want to switch to a different insurance company for better coverage or lower premiums.

What is Covered Under Standalone Own Damage Bike Insurance?

Standalone own damage bike insurance covers the following:

  • Damage or loss to your bike due to accidents, theft, fire, natural calamities, or man-made disasters
  • Personal accident cover for the owner/driver of the bike

What is Not Covered Under Standalone Own Damage Bike Insurance?

Standalone own damage bike insurance does not cover any third-party liabilities.

How to Buy Standalone Own Damage Bike Insurance?

You can purchase standalone own damage bike insurance from any insurance company or through online insurance aggregators. The premium for this type of insurance is based on the IDV of your bike.

Long-Term Bike Insurance

What is Long-Term Bike Insurance?

Long-term bike insurance is a type of insurance that provides coverage for a longer duration, usually 2 or 3 years. It is available for both third-party and comprehensive bike insurance.

Why is Long-Term Bike Insurance Useful?

Long-term bike insurance is useful for those who do not want to go through the hassle of renewing their insurance every year. It also protects you from any increase in premiums during the policy period.

What is Covered Under Long-Term Bike Insurance?

Long-term bike insurance covers the same things as regular third-party or comprehensive bike insurance, depending on the type you choose.

What is Not Covered Under Long-Term Bike Insurance?

Long-term bike insurance does not cover any additional things that are not covered under regular third-party or comprehensive bike insurance.

How to Buy Long-Term Bike Insurance?

You can purchase long-term bike insurance from any insurance company or through online insurance aggregators. The premium for this type of insurance is usually higher than regular bike insurance, but it provides coverage for a longer duration.

Multi-Year Third-Party Bike Insurance

What is Multi-Year Third-Party Bike Insurance?

Multi-year third-party bike insurance is a type of insurance that provides coverage for a longer duration, usually 2 or 3 years. It is only available for third-party bike insurance.

Why is Multi-Year Third-Party Bike Insurance Useful?

Multi-year third-party bike insurance is useful for those who do not want to go through the hassle of renewing their insurance every year. It also protects you from any increase in premiums during the policy period.

What is Covered Under Multi-Year Third-Party Bike Insurance?

Multi-year third-party bike insurance covers the same things as regular third-party bike insurance.

What is Not Covered Under Multi-Year Third-Party Bike Insurance?

Multi-year third-party bike insurance does not cover any additional things that are not covered under regular third-party bike insurance.

How to Buy Multi-Year Third-Party Bike Insurance?

You can purchase multi-year third-party bike insurance from any insurance company or through online insurance aggregators. The premium for this type of insurance is usually higher than regular third-party bike insurance, but it provides coverage for a longer duration.

Takeaways

Bike insurance is essential for protecting your bike from any unforeseen events. The type of insurance you choose depends on your needs and budget. While third-party bike insurance is mandatory, it is recommended to opt for comprehensive bike insurance for complete protection. You can also consider standalone own damage bike insurance, long-term bike insurance, or multi-year third-party bike insurance for additional coverage. Make sure to compare different insurance plans and choose the one that best suits your requirements.

Insure your bike in 4 minutes.

Upto 85% discount.

expert assist 100% buying & claim support
express claims No Documentation or
Inspection
Rated 4.7/5

for Customer Satisfaction on Facebook
5,00,000+
Policies sold
last year
MUST READ
POPULAR OTHERS
Suzuki Access 125 vs Honda Activa 125 (2025)
Suzuki Access 125 vs Honda Activa 125 (2025): Compare Price, Features & Specs
Difference Between Scooter and Motorcycle
Difference Between Scooter and Motorcycle
Best Superbikes in India
Best Superbikes in India in 2025
Check Bike Insurance Status Online & Offline in 4 Ways
Check Bike Insurance Status Online & Offline in 4 Ways
Electric Bike VS Fuel Bike What is better?
Electric bike vs Fuel Bike: Which one should you choose?
Anti-lock Braking System (ABS) in Bikes
Anti-lock Braking System (ABS) in Bikes: A Complete Guide
  • Top Companies
  • United India Two Wheeler Insurance
  • New India Two Wheeler Insurance
  • Bajaj Allianz Two Wheeler Insurance
  • National Two Wheeler Insurance
  • ICICI Lombard Two Wheeler Insurance
  • Reliance Two Wheeler Insurance
  • MOST POPULAR Makes
  • Suzuki
  • Yamaha
  • TVS
  • Bajaj
  • Royal Enfield
  • Honda
  • MOST POPULAR Models
  • Royal Enfield Classic
  • Honda Activa
  • Bajaj Pulsar
  • Royal Enfield Bullet
  • TVS Jupiter
  • Bajaj Dominar 400
  • GENERAL INSURANCE COMPANIES
  • National insurance
  • Oriental insurance
  • United India Insurance
  • Relience General Insurance
  • New India Assurance
  • TATA AIG General Insurance
  • Driving License
  • Driving License
  • Driving License Status
  • Driving License Renewal
  • Registration Certificate
  • Learning License
  • Delhi driving license
  • RTO
  • RTO
  • Uttar Pradesh RTO
  • Punjab RTO
  • Gujarat RTO
  • Madhya Pradesh RTO
  • Maharashtra RTO
icon Two Wheeler Insurance icon Articles icon Types Of Bike Insurance
×

Get Lowest Rates for bike Insurance

With Upto 85% Discount

  • Secure
  • Licensed By
  • Payment Options
  • Car Insurance
  • Bike Insurance
  • Motor Insurance
  • Car Insurance Premium Calculator
  • Family Health Insurance
  • Senior Citizens Insurance
  • Group Insurance
  • Corona Rakshak Policy
  • Corona Kavach Policy
  • Super Topup Plan
  • Term Insurance
  • ULIP
  • e-Term Plan
  • 1 Cr Term Insurance
  • कार इन्शुरन्स
  • टू व्हीलर इंश्योरेंस
  • टर्म इंश्योरेंस
  • हेल्थ इंश्योरेंस
  • मेडिक्लेम पॉलिसी
  • Learn About Insurance
  • Network Hospitals
  • Cashless Garages
  • Get Android App
  • Get iOS App
  • Learn
  • About Us
  • Contact Us
  • Careers
  • Sitemap
  • FAQs
Connect with us
Become a Partner
Become a Coverdrive POS Agent

Coverfox Insurance Broking Pvt. Ltd. : C Wing, 6111-6118, 6th Floor, Oberoi Garden Estate, Chandivali Farm Road, Chandivali, Andheri (East), Mumbai - 400072

Licence No. 478 , IRDA Direct Broker Code: IRDA/ DB 556/ 13 , Valid till: 26/12/2025, CIN: U66000MH2013PTC243810

  • Shipping & Delivery Policy
  • Privacy Policy
  • Legal Policies
  • Cancellation & Refund
  • Terms & Conditions
Copyright © 2025 Coverfox.com. All Rights Reserved