What is Two Wheeler Insurance Policy?

Motor Vehicles Act, 1988 has introduced concept of two wheeler insurance in India and is regulated by Insurance Regulatory Development Authority of India (IRDAI). It is an insurance policy that covers any damages to motorcycle or its riders as a result of unforeseen event. Thus bike insurance is ideal solution to cover those unexpected holes to your pocket. Also heavy penalties have been set by Supreme Court of India for vehicles running on roads without insurance.

Inclusions and Exclusions by Two Wheeler Insurance Policy:

Before buying any two wheeler insurance policy, consider the inclusions and exclusions provided. Most of the policies offer following inclusions and exclusions:


  • Natural calamities like fire explosion, flood, earthquake, storm, landslide, rockslide etc. causing a damage or loss of your bike.
  • Man-made calamities like theft, riot, burglary, strike etc. causing a damage or loss of your vehicle.
  • Third party legal liability
  • Personal Accident Cover


  • No claims if policyholder rides a bike without valid license
  • No claims if policyholder riding bike under influence of alcohol, drugs etc.
  • No claims if bike is used for commercial purposes
  • No claims if policy is not active or expired
  • No claims for mechanical wear and tear as a result of aging
  • No claims for any kind of mechanical or electrical breakdown

Why to buy Multi Year Two Wheeler Insurance Policy

Insurance rates are on hike by 15% - 20% every year and thus cost you to pay more every year if you undergo only yearly policy. Buying multi-year insurance policy protects you from this hike rates and companies also offers great discounts as you are buying for multiple years. Thus it saves lot of money over your premiums.

Renewing your policy every year is stressful task as you again need to check your premium, policy benefits, tax over policy etc. Just pay once for more years and keep riding without renewal worries.

If for any reason, policyholder cancels policy in the first year, he will get refund of his remaining premiums. So don’t be worry to bear unsatisfactory services till policy ends.

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