What is 2wheeler Insurance?
Bike insurance or two-wheeler insurance is an insurance policy that covers you against damages to your two-wheeler due to accidents, natural/man-made disasters, fire, and theft. The motorcycle insurance policy also provides law-mandated coverage against third-party liabilities such as damage to another person’s vehicle/property or injuries/death of a third party caused due to the insured two-wheeler. You can buy insurance for two-wheeler to get coverage for motorcycles, scooters, mopeds, etc.
Key Features | Covernote Advantage |
Bike insurance premium | Plans start at Rs.457* |
Third-party liability | Covered |
Own Damage (OD) Cover | Available with the Comprehensive Bike Policy |
No Claim Bonus (NCB) | Up to 50% discount for 5 claim-free years |
Personal Accident (PA) Cover | Available. Coverage up to Rs. 15 lakhs for permanent disability/death |
Claim settlement | Online with paperless and cashless experience. Instant claim settlements (within 2 hours) for minor damages. |
Cashless repair service | Available at network garages. |
Claim Settlement Ratio (CSR) | 100% for Genuine Claims |
Buying/renewal | Instant two-wheeler insurance renewal |
Paperless Experience | Available |
Types of Coverages for 2 Wheelers
The table below illustrates the difference between Standalone Own-damage, Comprehensive, and Third-party Bike Insurance:
Coverage | Third-party | Standalone Own-damage | Comprehensive |
Damage/loss to your bike | ❌ | ✅ | ✅ |
Theft of your two-wheeler | ❌ | ✅ | ✅ |
Damages to third-party vehicle/property | ✅ | ❌ | ✅ |
Third-party injury/death | ✅ | ❌ | ✅ |
NCB discount up to 50% | ❌ | ✅ | ✅ |
Cashless claims | ❌ | ✅ | ✅ |
Online transactions | ✅ | ✅ | ✅ |