Bike Details

1️⃣ Is bike insurance mandatory?

Yes, third-party bike insurance is legally mandatory in India under the Motor Vehicles Act. Riding without valid insurance can result in fines, penalties, or legal action. Comprehensive insurance is optional but highly recommended for complete protection.

2️⃣ How to renew bike insurance?

You can easily renew your bike insurance online by entering your vehicle details, selecting your preferred plan, and completing the payment. It is advisable to renew the policy before its expiry date to avoid lapse and inspection requirements.

3️⃣ How is bike insurance premium calculated?

The premium is calculated based on several factors such as:

• Bike make and model

• Engine capacity (CC)

• Manufacturing year

• City of registration

• Policy type (Third-party or Comprehensive)

• Add-on covers selected

• No Claim Bonus (NCB)

Higher CC bikes and metro cities may have slightly higher premiums.

4️⃣ What is NCB (No Claim Bonus)?

NCB is a discount offered by insurers if you do not make any claim during the policy year. The discount increases with every claim-free year and can significantly reduce your premium at renewal.

5️⃣ How to claim bike insurance?

To file a claim:

1. Inform your insurance company immediately after the incident.

2. Provide policy and vehicle details.

3. Submit required documents (FIR if required).

4. Get the bike inspected by the surveyor.

5. Repair at a network garage (cashless claim) or submit bills for reimbursement.

The insurer will settle the claim as per policy terms and conditions.

6️⃣ Can I transfer bike insurance to another person?

Yes, when you sell your bike, the insurance policy can be transferred to the new owner. The transfer request should be made within 14 days of ownership change by submitting necessary documents to the insurer.