Instassure Insurance Solutions Limited

Bike Insurance

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Bike Insurance & Its Types

Bike Insurance (also known as Two-Wheeler Insurance) protects your bike against financial losses caused by accidents, theft, fire, or natural disasters. As per the Motor Vehicle Act 1988, having at least Third Party Bike Insurance is mandatory for every vehicle owner in India.

Standalone Own Damage

Provides protection for your bike against damages caused by accidents, theft, fire, and natural disasters.

Third Party Insurance

Covers legal liability if your bike causes injury, death, or property damage to another person during an accident.

Comprehensive Insurance

Offers complete protection by covering both your own bike damage and third-party liabilities in case of accidents.

Reliance General Insurance:

INR 1200

Bharti AXA Insurance:

INR 1500

Add-On Covers

Zero Depreciation

Normally insurance companies deduct depreciation while settling claims.

Roadside Assistance

Provides support if your bike breaks down during travel.

Invoice Cover

Helps you receive original invoice value in case of total loss.

Hydrostatic Lock

Covers engine damage due to water entry in engine.

Bike Insurance Claim Process

Stage 01

Note down important accident details such as location, date, time, and people involved.

Stage 02

Visit the nearest police station and file an FIR if required.

Stage 03

Immediately inform your insurance company about the accident or damage.

Stage 04

An insurance surveyor will inspect the bike to assess the damage.

Stage 05

Submit required documents such as policy copy, RC, driving license, and claim form.

Stage 06

Repair the bike at an authorized garage as per the insurance company’s instructions.

Stage 07

After verification and inspection, the insurance company processes and settles the claim.

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