Bike insurance is a type of insurance coverage that protects the owner of a motorcycle or scooter from financial losses in case of accidents, theft, or damage to the bike. It provides coverage for both the rider and the bike itself, offering peace of mind and financial protection.
One of the main reasons to have bike insurance is to comply with legal requirements. In most countries, it is mandatory to have at least third-party liability insurance for bikes. This ensures that any damages caused to a third party, such as injury or property damage, will be covered by the insurance company. Without proper insurance, riders can face severe penalties or even have their licenses revoked.
There are different types of bike insurance policies available in the market, depending on the level of coverage required and the specific needs of the rider. The most basic type is third-party liability insurance, which covers damages caused to others but does not provide coverage for the rider's own bike. This is the minimum required by law in many countries.
Comprehensive bike insurance is the most extensive coverage available. It covers not only damages caused to third parties but also damages to the insured bike, regardless of who is at fault. It also covers theft, fire, and other incidents that can cause damage to the bike. Comprehensive insurance is more expensive than third-party liability insurance, but it provides greater protection and peace of mind.
When purchasing bike insurance, the cost of the premium is an important consideration. The premium is determined based on various factors, including the rider's age, experience, and location, as well as the make and model of the bike. Insurance companies assess the level of risk associated with insuring the bike and adjust the premium accordingly.
To further reduce the premium, riders can opt for voluntary excess. This means that the policyholder agrees to pay a certain amount out of pocket in case of a claim, which results in a lower premium. However, it is important to choose an excess amount that is affordable and realistic in case of an accident.
| Bike Insurance Third Party Rates | ||
|---|---|---|
| Description of vehicle | Premium rate | Premium With GST |
| Not exceeding 75cc* | ₹538 | ₹635 |
| 75cc-150cc | ₹714 | ₹843 |
| 150cc-350cc | ₹1,366 | ₹1,612 |
| 350cc and Above | ₹2,804 | ₹3,309 |
Taking care of your health needs financially and taking care of your loved once after you. Converting your small saving into investments.
Starting Small investmetns with SIP for retirement, multipling your investment amount and providing financial help in your health inssues.
To see every citizen investing small amount before it gets out of your pocket for daily expenses for safer future.
Our Clients
Bike Insured
Claims Settled
Companies
I brought best deal in two wheeler insurance within minutes. Really great experience with Bike Insurance Delhi, their approach to clients is spot on. Truly professionals in terms of policies and customer service.
Thanks to the services of Bike Insurance Delhi. Guided me right insurance plan for my family's health. Cover for financial health protection. Investing 500/month is a good plan.
Best agent for insurance purposes providing best services during the policy and providing accurate information about policy and after selling giving good service and timely giving information about renewal.
Their policies are very detailed and are comparatively cheaper. The app is user friendly and can be used by people of all age groups. I am satisfied with their services and would highly recommend them.
My experience so far has been great! Really informative, I liked the way they explained us about each n every policy with such depth!. Even online I was satisfied with their services.
Nice and best insurance company .You can visit for your best choise in simple rate what you want you can buy ..I am satisfied with their services and would highly recommend them.
The staff is caring and very helpful. Thankyou for your continuous effort in making good customer relations. Very Good Experience.I am satisfied with their services and would highly recommend them.
They make false promises, delay your claim, ignore you, may be find 100+ reasons for not doing work and they will just make you feel they are concerned related to your work.Thankyou for your continuous effort in making good customer relations
Its been 3 years now that I am buying my bike insurance from Bike Insurance Delhi continuously, and I am really delighted with the policies offered to me. I would like to thank Bike Insurance Delhi team.
I would like to thank Bike Insurance Delhi team because of very simple and easy process. The manner in which my claim processing was handled is commendable.I would like to thank Bike Insurance Delhi team again.
GA-6, Shiv Nagar, Jail Road, Hari Nagar
New Delhi,
Delhi - 110058
+91 7838904326