Two Wheeler Insurance in India

Overall Rating: star ratingstar ratingstar ratingstar ratingstar rating[2/5]Total Votes [ 20 ]  
Rate this page:
At present there are a number of policies for two wheeler insurance in India. The term is used to signify plans that are used to secure two wheelers that are used for social, leisure, and domestic reasons.

Need for taking two wheeler insurance in India

As per laws, it is obligatory to get an insurance policy for a two wheeler in India. These policies also come in handy when the two-wheeler gets stolen or is involved in a traffic accident. Such policies also cover loss or damages to the vehicle owing to explosion and fire etc.

How to buy two wheeler insurance in India



The easiest way to buy a two wheeler insurance plan in India is to do proper research and find out the relative merits and demerits of all the available options. One criterion that is absolutely essential in this regard is no bonus claim that helps in reducing the premium.

Documents needed to purchase two wheeler insurance in India



If a proposer is buying a two wheeler insurance plan in India through the internet then the amount of documentation required is fairly negligible. However, it is important to have a copy of the previous policy as well as the RC so that the details can be entered quicker.

Two wheeler insurance coverage

The two wheeler insurance plans normally cover losses and damages faced by the two-wheeler for any and all of the following:
  • fire
  • typhoon
  • storm
  • landslide
  • explosion
  • hurricane
  • tempest
  • rockslide
  • self-ignition
  • burglary
  • inundation
  • harmful acts
  • lightning
  • theft
  • cyclone
  • accident by external means
  • earthquake
  • riot
  • hailstorm
  • terrorist activity
  • flood
  • strike
  • frost
  • damages suffered in transit by road, lift, rail, elevator, inland waterway, or air
They also provide third party legal liability coverage which means that if the insured’s two wheeler kills or disables someone due to accident then the legal expenses of the same are taken care of by the insurer.

Top two wheeler insurance policies in India

HDFC ERGO General Insurance Two Wheeler Insurance
The Two Wheeler Insurance plan of HDFC ERGO General Insurance offers coverage in various situations.
  • Loss of damage due to any of the following:
  1. Accident due to external reasons
  2. Burglary, theft, and house break
  3. Fire, self ignition, explosion, and lightning
  4. Terrorism, strikes, riots, and other hateful acts
  5. Transit by road, air, rail, lift, and inland waterways
  6. Earthquake, landslide, flood, rockslide, and storm
  • Personal accident cover for owner cum drivers – the maximum amount in this case is INR 1 lakh
  • Liability to third parties
National Insurance Company Limited Two Wheelers Policy
The Policy A of the Two Wheelers plan of National Insurance Company Limited provides coverage if the car is lost or damaged due to any of the circumstances:
  • Explosion and fire (both internal and external)
  • Accidents owing to external means
  • Lightning and self ignition
  • Spiteful acts
  • Burglary, theft, and housebreaking
  • Terrorist activities
  • Earthquake (shock and fire damage)
  • In transit – road, lift, rail, elevator, inland waterway, or air
  • Flood, tempest, typhoon, inundation, hurricane, cyclone, storm, and hailstorm
ICICI Lombard Two Wheeler Insurance
The Two Wheeler Insurance plan of ICICI Lombard is digitally signed and issued in the shortest possible time if availed through the online facility. It also provides access to more than 2700 garages that are part of the insurer’s network in India. Personal accident cover is also available for co passengers on an optional basis.

The policy covers loss or damage to car owing to natural disasters and the following:
  • Fire
  • Tempest
  • Explosion
  • Inundation
  • Lightning or self ignition
  • Cyclone
  • Earthquake
  • Hailstorm
  • Flood
  • Frost
  • Typhoon
  • Landslide
  • Hurricane
  • Rockslide
  • Storm
Bajaj Allianz Two Wheeler Insurance
The Two Wheeler Insurance policy of Bajaj Allianz offers the following facilities:
  • Cashless settlement facilities at preferred workshops
  • Round the clock support for claims
  • Problem free settlement of claims
  • Unique protection for motorcycles and scooters
Oriental Insurance Motor Package Insurance Policy for Two Wheelers
The Motor Package Insurance Policy for Two Wheelers provides the following forms of coverage:
  • Accidental damage or loss of the two wheeler
  • Several add on covers in lieu of additional premium
  • Personal accident cover for owner cum drivers and liability for third parties
The following types of damages and losses are covered:
  • Accident by external means
  • Earthquake, inundation, flood, terrorism, storm, riots, landslide, strikes, rockslide, and malicious activities
  • Burglary, theft, or house breaking
  • Transit by road, air, rail, lift, and inland waterways
  • Fire, self ignition, explosion, and lightning
Bharti AXA Two Wheeler Insurance
Following are the major benefits of the Two Wheeler Insurance policy of Bharti AXA General Insurance:
  • Detailed coverage
  • Big discounts in case of no claims
  • Personal accident cover for owner-drivers
  • Easy availability
  • Physical injury liability
  • Round the clock live help desk
  • Property damage liability
The following areas are covered in the plan:
  • Permanent total disability or death of owner-driver
  • Replacement and repair of two wheeler parts in case of damage
  • Theft of two wheeler
  • Legal liability in case of physical injury to others
  • Property damage of others
  • Replacement and repair of parts in case two wheeler is damaged due to fire, flood, earthquake, and cyclone
  • Replacement and repair of parts if two wheeler suffers damages due to accidents, riots, acts of terrorism, and strike
ICICI Bank Two Wheeler Insurance
Following are the major features of the Two Wheeler Insurance policy of ICICI Bank:
  • It is signed digitally and provided quickly when availed on the website
  • 5 percent discount for certified members of the Automobile Association
  • Access to more than 2700 network garages around India for cashless servicing of claims
  • 2.5 percent discount on premium for installation of anti theft device approved by ARAI
  • Optional Personal Accident coverage for co passengers
  • Add on covers for non electrical and electrical goods
  • No claims bonus on renewal – applicable for the previous policy period only
  • Policy can be bought online and the payment can be made in installments without incurring extra charges
  • Option to transfer no claim bonus from previous policy
The policy covers the losses and damages suffered by the two-wheeler due to any one of the natural disasters mentioned below:
  • fire
  • storm
  • explosion
  • tempest
  • self-ignition
  • inundation
  • lightning
  • cyclone
  • earthquake
  • hailstorm
  • flood
  • frost
  • typhoon
  • landslide
  • hurricane
  • rockslide
The policy also covers losses or damages due to the following situations:
  • burglary
  • harmful acts
  • theft
  • accident by external means
  • riot
  • terrorist activity
  • strike
  • any damage in transit by road, lift, rail, elevator, inland waterway, or air
The policy also provides personal accident cover till INR 1 lakh as well as third party legal liability.

Last Updated on 23 October 2012