Comprehensive Bike Insurance

IDV (Insured Declared Value) is the maximum amount the insurer will pay if your bike is stolen or deemed a total loss. It reflects the current market value of your two-wheeler. Choosing an appropriate IDV is essential: setting it too low reduces your claim payout, while setting it too high increases your premium unnecessarily. A correctly chosen IDV supports fair compensation under comprehensive bike insurance.

NCB (No Claim Bonus) is a discount on the own-damage portion of the premium granted for every claim-free year. It generally starts at 20 per cent and can increase up to 50 per cent over consecutive claim-free years. Under comprehensive two wheeler insurance, NCB helps lower long-term costs and can usually be transferred when you change insurers or vehicles, subject to conditions.

Comprehensive bike insurance is a full policy that covers own damage, third-party liability, theft, fire, natural calamities and certain man-made incidents. Zero Depreciation is an add-on, not a separate policy. It removes or reduces the depreciation deduction on parts during claim settlement, leading to a higher payout. Pairing a comprehensive policy with a Zero Depreciation add-on generally offers stronger protection.

You typically need your policy document, Registration Certificate (RC) copy, driving licence, identity and address proof, and a duly completed claim form. For theft or third-party losses, an FIR is usually required. The insurer may also ask for repair estimates, final bills and photographs of the damaged vehicle. Keeping these documents ready helps ensure quicker claim processing.

Buying comprehensive bike insurance online allows instant policy issuance, easy premium calculation, quick comparison of coverage options and secure digital payments. Documentation is minimal, and the policy is emailed to you straight away. You can also manage add-ons, renewals and often track claims online. Many insurers also provide online-only offers or discounts, making cover more cost-effective.

No. Only third-party bike insurance is legally compulsory under the Motor Vehicles Act. However, relying only on third-party cover leaves your own vehicle unprotected. Comprehensive bike insurance is strongly recommended because it covers damage to your bike as well as third-party liabilities, reducing your overall financial risk.

Yes. Most insurers allow you to renew comprehensive motorcycle insurance online in a few steps. You simply enter your policy details, review the updated premium, adjust add-ons if needed and make the payment. The renewed policy is then issued instantly and emailed to you. Timely renewal helps retain your NCB and ensures there is no break in cover.

Yes, natural disasters such as floods, earthquakes, cyclones, storms and landslides are usually covered under 2 wheeler comprehensive insurance. Since these events can cause severe damage, the policy offers important financial protection against such unpredictable risks.

No. A comprehensive bike insurance policy already includes third-party liability cover along with own-damage protection. It satisfies the legal requirement and also covers damage to your own bike. You do not need to buy a separate third-party policy if you hold a valid comprehensive plan.

Yes. Comprehensive cover is equally relevant for scooters. It protects against accidental damage, theft, fire, natural calamities and third-party liabilities. Since scooters are often used for daily commuting and short trips, they are exposed to scratches, minor collisions and traffic risks. A comprehensive policy helps safeguard both the scooter and the rider’s finances.