If you are planing to buy a two wheeler insurance or looking to renew two wheeler insurance in 2024 but in doubts about insurance policy like which insurance company will offer the best rates? How to file a claim for the insurance policy? what are the coverage offered? how to renew two wheeler insurance online? what are the documents that are required? then you should go through this article thoroughly.
A 2 wheeler insurance is a type of insurance policy that is for your two wheeler vehicle any motorbike, scooty, moped, or any other similar kind of vehicle. The purpose of the two wheeler insurance is to protect you and your 2 wheeler vehicle from any damages caused in a road accident, theft, or any natural disaster or calamities.
In India if you are driving a two wheeler vehicle then according to the Indian Motors Act 1988 every motorbike or two wheeler vehicle owner should have their bike insurance, this was law was made because of the bad conditions of the road along with the rash driving increases the chances of road accident, which could be dangerous for the driver as well as the victim.
The two wheeler insurance policy provides you with the financial coverage in any of these unfortunate events where your motorbike or your two wheeler gets damaged which requires a repair cost. If you have a two wheeler insurance policy then you don’t need to take any stress about the cost of repairing rather can simply have a peace of mind.
Top 5 Best Two Wheeler Insurance Policy Plans
| Insurance Provider | Two Wheeler Insurance Plans | Premium Amount | Insurance Coverage |
|---|---|---|---|
| Bajaj Allianz | Comprehensive, Third Party | Starting from Rs. 824/- | – Own damage cover for damages due to natural calamities, theft, fire, accidents, technical glitches. – Third-party liability for damages or losses caused to a third party. – Personal accident cover up to Rs. 15 lakh for accidental death or permanent total disability. – Add-on covers available like Zero Depreciation Cover, 24/7 Spot Assistance Cover, Personal Accident Cover for Pillion Riders. |
| New India Assurance | Comprehensive, Third Party | Starting from Rs.782/- | – Comprehensive coverage for the insured bike against various risks like physical damage, third-party liabilities, injuries, and theft. – Third-party liability only policy as per Motor Vehicles Act. |
| Reliance | Two Wheeler Insurance | Starting from Rs.719/- | – Comprehensive coverage for two wheelers like accidents, theft, natural disaster. – Includes coverage for brand new bikes – Enhance the protection of the two wheeler by add on covers like emergency roadside assistance, no claim bonus protection, zero depreciation cover, etc |
| HDFC ERGO | Comprehensive, Third Party | Starting from Rs. 538/- | – Comprehensive insurance, Third Party insurance, Standalone Own Damage Cover, and cover for a brand new bike. – Add-on covers available for enhanced protection. |
| ICICI Lombard | Motor Insurance Plans | Starting from Rs.640/- | – Comprehensive coverage for the insured bike against various risks like physical damage, third-party liabilities, injuries, and theft. – Personal accident cover up to Rs. 15 lakh – Third-party liability only policy as per Motor Vehicles Act. |
How To Renew Two Wheeler Insurance Policy Online in 6 Steps!
If you looking to buy or wanted to renew two wheeler insurance policy online then you need to follow these 6 steps which are as follows:
Step 1: Go to your Two wheeler insurance company’s website or type in google Renew Two Wheeler Insurance + Your motorbike or two wheeler’s insurance company’s name
Step 2: Enter all the details that are required like the registration number of your motorbike. After that, click ‘Proceed’. Select the bike’s model and fuel type, and then continue.
Step 3: If you looking to renew two wheeler insurance then provide the expiry date for your previous insurance company (if you have any), as well as the name of your two wheeler insurance company. After that, you’ll be asked to disclose if you’ve filed a claim within the last policy period or not. After that, click on ‘Continue’.
Step 4: Enter your mobile number and name as well as the policy’s term. Click on the ‘Submit & Get Quotes’ button.
Step 5: Then you’ll be able to be able to see a variety of suitable quotes in your display. From these quotes, you can evaluate and select the most suitable one depending on your needs. You can also add additional features to your policy, by paying an additional cost and getting a better coverage.
Step 6: Click the “Buy Now” button. Review your personal information and then pay the premium online. The insurance document to your account Email ID.
So that’s how you can either buy your two wheeler insurance policy online or could renew two wheeler insurance policy online in just 6 steps!
File A Two Wheeler Insurance Claim Online
The insurance claim for two-wheelers is settled in two ways that are cashless or a reimbursement method. In the cashless way you have to bring your two wheeler bike or scooter to one of the garages that network of your insurance company to repair the claim will be resolved in a cashless way.
If, however, you bring your vehicle to a non-network garage, the claim will be settled as the form of a reimbursement claim. If you wanted to claim your two wheeler insurance then follow the below steps one by one:
- Step 1: Inform your insurance company regarding the incident or accident.
- Step 2: Find your claim intimation information from your insurer.
- Step 3: A surveyor is appointed as a surveyor and will be sent out to the location to assess the damage.
- Step 4: Your insurance provider may arrange towing services for your bicycle should you require them.
- Step 5: Make sure your bike is repaired or repaired at an internet-connected garage or an alternative garage.
- Step 6: Your insurance company will settle your claim based on the garage that repairs bikes.
So if you follow these 6 steps then you would be able to files two wheeler insurance claim easily. But before applying make sure that you have the necessary documents that are required to file a two wheeler insurance claim that are listed below:
Documents Required To File An Insurance Claim for Bike Accidents
The following documents are required to submit a bike insurance claim:
- FIR/police copy of the complaint
- Insurance policy for bikes
- Copy of the license
- A duplicate of the registration certificate
- Original bills (in the case of reimbursement claim)