Comprehensive Bike Insurance Policy

What Is A Comprehensive Two-wheeler Insurance Policy?

A comprehensive Two-wheeler insurance plan is a package policy that offers insurance coverage for the loss/damage incurred by the insured’s two-wheeler as well as for third party liabilities.

Policyholders can customise and enhance the coverage offered by a comprehensive policy with the help of a number of add-ons covers such as Zero Depreciation Cover, Roadside Assistance Cover NCB Cover, Bi-fuel Kit Cover etc.

What Is Covered Under A Comprehensive Two-wheeler Insurance Policy?

  • Own damages incurred by the insured’s two-wheeler in any road accident, natural/man-made calamity, theft, fire or any other mishap.
  • Third party bodily injuries as well as death.
  • Third party property damage (up to Rs. 1 lakh).


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What All Is Not Covered Under A Comprehensive Two-wheeler Insurance Policy?

  • Depreciation/wear and tear of the vehicle.
  • Mechanical or electrical breakdown of the insured vehicle.
  • Illegal practices such as when the vehicle was being driven without a valid driving licence.
  • The accident occurred when the driver was under the influence of alcohol or drugs.
  • Any loss or damage due to mutiny war, or nuclear attacks and other events that are beyond compensation.

Comprehensive Two-wheeler Insurance Vs Third Two-wheeler Insurance

Basis

Comprehensive Two-wheeler Insurance

Third party Two-wheeler Insurance

Coverage

A comprehensive two-wheeler insurance policy offers coverage for own-damage as well as third party liabilities - bodily injuries/death and property damage caused by the insured’s vehicle.

The third-party two-wheeler insurance policy offers coverage only for third party liabilities - injury/death/property damage of third party caused by the insured’s vehicle.

Add-ons Availability

Add-on covers such as Zero Depreciation Cover, Roadside assistance Cover, Consumables Cover, etc. can be opted for with this policy against an extra premium.

Add-on covers cannot be opted for with this policy.

Nature of requirement

It is an optional but recommended policy.

It is mandatory to have at least a third party insurance cover as per Indian Motor Tariff.

Cost

It is comparatively costlier because it offers extensive coverage.

It is comparatively cost-effective because it offers narrow coverage.

Do not forget to Calculate bike insurance premium.

Disclaimer: This article is issued in general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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#Applicable on non-inspection cases i.e. existing policy has not expired or when buying a policy for a new vehicle.