Two Wheeler Insurance: Buy or Renew Bike Insurance Policy Online

Two Wheeler Insurance: Buy or Renew Bike Insurance Policy Online

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two wheeler insurance: buy or renew bike insurance policy online

perso​nal accident​

cover of rs. ​15 lacs

expired

policy renewal​​​

policy renewal

upto 3 years​​

two wheeler insurance or bike insurance is an insurance policy which provides financial protection to your two wheeler / bike against any damages that may be caused by accidents, natural disasters, theft or any serious incidents. a two wheeler insurance also covers financial losses against any third party liabilities.

just the way your bike has been a reliable companion through all your journeys, our two wheeler insurance is meticulously designed to be your bike’s ideal partner. as per the latest motor vehicle a​ct, insuring your two wheeler is compulsory. get reliance two wheeler insurance within minutes and avoid paying a fine of rs. 2000. our bike insurance policies​ offer comprehensive coverage for all top brands, including hero, honda, yamaha, tvs, suzuki, royal enfield & more.​

for your convenience, here’s a policy that insures your bike for 3 long years in just 1 payment!​ click here to know more about long term two wheeler insurance ​.

Table of Contents

what is bike insurance?

a bike insurance policy is a shield that protects you from financial loss, if your bike or scooter gets damaged due to road accidents, natural disasters, or theft. it also provides protection against liabilities arising due to damages to any third-party, be it property or person. having a bike insurance plan ensures that your vehicle is replaced or repaired without putting a dent in your finances. according to the motor vehicle act, 1988, it is mandatory to buy a third-party bike insurance policy.

what are the benefits of two wheeler insurance?

key features benefits by reliance general

cashless repairs

1200+​ cashless garages

no claim bonus

upto 50% discount*

claim process

easy video claims**

claim settlement ratio

98% claims settled (fy 19-20)

add-ons

4 add-ons available

own damage cover

available

third-party damage cover

upto 1 lakhs for property damage, permanent total disability cover​

​​​

**based on internal assessment for the time period april 2019 to march 2020​​

learn more about multi year bike insurance.

why choose bike​ insurance?​​

our reliance two wheeler insurance has same basic features but it is really about the other benefits that makes it one of the best purchases. these additional features come with a lot of advantages to the buyer and this is why one should choose this bike insurance policy. 

offerings like instant renewal & easy claim process

reliance has a very easy process for bike insurance renewal and it could be done online easily. you just need to enter a few details like your vehicles registration number and you can get a quote easily. also, reliance provides 24×7 support through telephone and this assistance to deal with the immediate claim is provided to the customer on all days even on the holidays. the application process is pretty simple and also is fast and reliable. the claim process settlement is thus very simple.

customised add-on covers

reliance offers various online bike insurance add-on covers like nil depreciation, daily allowance benefit, emi protection, helmet cover and more which you can choose as per your needs. there is also personal accident coverage inside the plan which gives an additional cover of 15 lakhs for any medical treatments due to accident. 

cashless facility​​


reliance also gives the insurer the benefit of availing cashless garages in two wheeler insurance the number of which exceeds 1198. with this amount, you’ll easily be able to find a network garage in a tier 1 or tier 2 city near the area you live in. reliance is known for bike insurance claim settlement and providing reliable services in the shortest and fastest possible time.

no claim bonus

a no claim bonus is a bonus given to policyholders for every year that passes without a claim. the rate of the no claim bonus offered by reliance is 20% for the first year and 25% for two consecutive years, 35% for three consecutive years, 45% for four consecutive years, and finally 50% for the five consecutive years. also, there is an option of voluntary deductibles that can be chosen by the policyholder to lower the bike insurance premium amount. a deductible of between 500 to rs 1500 could be chosen which will lower the premium by 5% to 20%.

add on covers for two wheeler insurance

when you are riding on the roads you are exposed to numerous risks. while our standard two wheeler insurance plan offers basic protection, you can add more value to your two wheeler insurance protection with add-on covers. our add-on covers are designed to widen your two wheeler insurance cover to ensure all-round protection. you can choose from add-on covers such as: -​

nil depreciation (uin: irdan103rp0011v+61404532026/a0004v+61404532026)​​​

with this add-on, secure your bike/ two wheeler against a reduction in the value of parts with age. you will get the parts replaced without any pinch to your wallet.

this add-on cover is applicable to the following conditions-

  • this add-on covers two wheelers/bikes​, with a maximum of two claims in one vehicle insurance policy period
  • in case of partial loss, we will settle a claim made for the insured two wheeler only if it is repaired by/ at one of our authorised dealers or workshops
  • compulsory excess will be applicable as per normal practice and voluntary deductible will be applicable if you have opted for it

important points to keep in mind about nil depreciation cover –

the rubber, nylon, plastic parts, and fiber-glass components are covered under this bike insurance add-on.

  • we cover vehicles with a maximum age of 2 years

  • we offer a maximum of 2 claims per policy period
  • you can opt for this add-on cover with your two wheeler insurance policy when you get a brand new vehicle or while renewal of your two wheeler policy

​exclusions under the nil depreciation add-on cover -​

  • parts not approved under the motor insurance policy
  • tyres and tubes​

daily allowance benefit (uin: irdan103rp0011v+61404532026/a0002v+61404532026​)

we can’t deny the fact that accidents happen! in this condition, we have to leave our vehicles in the garages and travel by our own. this bike insurance add-on cover compensates for your daily travel allowance when your vehicle is in the insurer’s authorized network garage for more than 3 days for repairs. this add-on cover is applicable to the following conditions-

  • triggered if >3days vehicle under repairs due to perils/od
  • option to choose days & amount
  • allowance limit rs.5000/- per day
  • lumpsum theft benefit, if vehicle is not recovered <=90 days
  • 2 claims applicable

emi protection (uin: irdan103rp0011v+61404532026/a0007v+61404532026​​)

we are concerned about financial impact of an accident. we cover up to 3 emi’s of your insured vehicle if it is in the insurer’s authorized network garage for more than 30 days for repairs. this add-on cover is applicable to the following conditions-

  • vehicle is in repair, vehicle loan emis will gets paid
  • payment directly made to financial institution
  • up to maximum 3 emi shall be payable
  • triggers if repair time > 30 days
  • applicable only for partial claims

helmet cover​ (uin: irdan103rp0011v+61404532026/a0033v+61404532026​)

this add on cover will make an allowance towards cost of replacing damaged or destroyed helmet of same type and model due to accident involving the insured vehicle. this bike / two wheeler cover is valid for annual two wheeler policy and can be bought as an add-on cover at the time of purchase. this add-on cover is applicable to the following conditions-

  • premium starting @rs.100/-
  • pay only 10% of helmet cost (sum insured)
  • sum insured limit up to rs.50,000/- per helmet
  • more than 1 helmet can be covered in a single year
  • reimbursement of the helmet will be the same type and model 

please note that the policy-​

  • ​shall be available only for maxim​​​um one accident during the policy period
  • shall not be available for theft claims​
  • deductibles is 5% of sum insured opted by the insured
  • shall not be available for damage caused by deterioration,wear and tear​

​​interested in third-party liability insurance? know more about third party liability two wheeler insurance. 

things you ​need to kn​ow about two wheeler insurance​​​

two wheeler policy market has changed dramatically over a few years. there are a lot of features given by the insurers to make sure that their customers retain their bike insurance policy. getting bike insurance now is as easy as you can imagine, the process is done online and is hassle-free. some of the things to know before getting two wheeler insurance are: 

comprehensive and third party liability only coverage: 

with getting the bike insurance, the person has the option to choose between third party liability only coverage or the comprehensive cover. the liability covers are mandatory by the indian law but having a comprehensive cover will cover for your own damages as well apart from the third-party damage. 

compulsory personal accident cover: 

bike insurance now have the option to avail person accidental coverage of up to 15 lakh, earlier it was 1 lakh but recently irdai increased the cover to 15 lakhs.

optional add-on coverage:

there are a lot of additional features offered under a bike insurance policy at an extra cost but could be sometimes important and go a long way. it includes coverage from accessories, to spare parts to option to choose to cover  accident for pillion riders. 

no claim bonus transfer: 

the no claim bonus could be transferred easily in case a new bike insurance policy is purchased, the no claim bonus is given to the rider and not the vehicle thus the transfer is easy. 

discounts: 

irdai approved insurers to give a discount on bike insurance to the vehicles with approved anti-theft insurance, membership of automotive session.

easy online purchase: 

with everything going online and through apps insurers can avail the policy and also renew the bike insurance policy online quickly. this makes it easy for the rider to get the facility right at their home. since all the details are previously insured in the database online so a lot of verification and paperwork is saved.​

first time buyer, learn more.

why is bike insurance necessary?​



a two wheeler offers a lot of benefits and convenience to the buyer as they save time and resource. getting a two wheeler also comes with a set of its own risk and thus getting a third party liability insurance cover is also mandated by the law. few reasons why two wheeler insurance is necessary are: ​

  • financial coverage: the condition of the roads in india is not very good and also with that there has been an increase in rash driving cases. an accident can cause a lot of damage to the vehicle and loss of life as well. loss of money is almost sure in these cases and thus the insurance firm pays for the repair of the vehicle and also covers the medical aid to the injured person. thus, you can have peace of mind as any any damage to the vehicle will not cost you and not cause any financial trouble if you have a bike insurance.
  • mandated by law:- riding without a valid two wheeler insurance policy is punishable by law. the first thing which makes it necessary to get bike insurance policy apart from all the other things is that the cover is mandated by the law. thus, under the motor vehicles act, one must mandatorily at least have a third party two wheeler insurance​
  • natural calamity cover: a bike insurance policy also has the coverage for damage done through any kind of natural calamity like earthquake and floods. thus, an insured person can claim under these unforeseen circumstances as well. 
  • personal accident cover: you get a personal accident cover along with two wheeler insurance which helps you stay protected arising from any accidents

  • third party cover: a third party two wheeler cover protects the person from any kind of legal obligation that may arise due to the accident towards third party. it covers damage to the third party  property or  deat​​h or bodily injury to a third party by the insured vehicle. hird-party cover is mandated by the law which means the bike insurance policy of the insured person will cover for any damage done to another vehicle and the person (third-party). 

 learn more about what happens when you don’t buy a bike insurance.

features of reliance two wheeler insurance:

 ​​

we understand the hassle behind buying two wheeler insurance and thus try very hard to make the plans as well as the process as friendly for the buyer as possible. there are a lot of special features offered specifically by reliance bike insurance to make it one of the best purchase sets, take a look at them in some detail – 



  • ​paperless: bike insurance by reliance general insurance is completely available online and thus the paperless hassle-free facility could be enjoyed. going paperless has not only made the process easy but has also resulted in saving a lot of resources and easy renewals expanding the scope for the customers. it has also made the process of buying and renewing two wheeler insurance a lot faster.
  • long term insurance policy: reliance insurance is best at providing long protection that is a 3 years policy with a single click. getting long-term bike insurance at one go decreases the premium amount while also decreasing the burden off your head of renewing the policy again and again each year. 
  • renew expired policy without inspection: reliance general also gives the benefit of renewing two wheeler insurance policy that has expired without any inspection or paperwork. you can get an expired two wheeler insurance quote online just by filling your bike registration number.
  • add-on covers: the list of the two wheeler insurance add-on covers is very long. while getting basic insurance when your bike insurance does cover for a lot of things but still there are some add-ons which can be taken at an extra cost each of which will add to the level of protection. this could be personal accident bundle cover, zero or ​nil depreciation cover and much more. 
  • discount offers: if you are new to getting a bike ​insurance or you have been a long-time customer reliance has offers for almost all the groups. these exciting offers are win-win for the buyer and thus could enjoy up to a 20-50% discount on getting insurance through reliance. these discounts could range from no claim bonus discounts, voluntary discounts etc.​

 ​

what are the different types of two wheeler insurance coverage?

there are two types of two wheeler insurance policies offered by the insurance companies in india. a third party only bike insurance and a comprehensive bike insurance. here are two different types of two wheeler insurance policies explained:

third party two wheeler insurance

a third party two wheeler cover is something that as the name suggests – protecting the person from any kind of legal obligation that may arise due to the accident towards third party. it covers damage to the third party  property or  deat​​h or bodily injury to a third party by the insured vehicle. also it is mandatory as per law .

Read more: How to Become an Insurance Claims Adjuster

comprehensive two wheeler insurance

a comprehensive two wheeler cover is an insurance policy that apart from covering for the third person also covers for the damage caused to the rider whether to the vehicle or in form of any injury. it shields bike from the incident of fire, any kind of natural calamity and theft as well. thus, this is a more detailed bike insurance policy which apart from covering for the third person also covers for  damages to your vehicle  and thus could be helpful in the long run.

comprehensive two wheeler insurance vs third party two wheeler insurance

​​third party liability

comprehensive coverage

​covers only th​​​ird ​​party liability​

​covers damage to own vehicle apart from third party liability​

​low premi​um

​relatively higher premium

​mandatory by law

not mandatory by law

​covers damage only arising out of ​vehicular collision

​covers damages caused due to theft and natural ​calamities apart from ​vehicular collision

what is ncb in bike insurance?

when you don’t file a claim during your bike insurance policy period, you will be eligible for a discount on your next premiums. this discount is referred to as a no-claim bonus. the no-claim bonus discount will keep increasing progressively for each claim-free year until your bike insurance premium is reduced up to 50%.​​​​

what is idv in bike insurance?

the idv (insured declared value) is the current market value of your vehicle which is calculated after deducting the depreciation amount. it is a crucial component of a two wheeler insurance policy as it determines the amount of compensation. in case of theft or total destruction of your bike or scooter, the idv is offered as “sum insured”.

learn more about what is idv in insurance. 

what is nil-depreciation in bike insurance?

you may already know that the monetary value of your two wheeler reduces overtime. this eventuality is a result of asset depreciation. nevertheless, with reliance two wheeler insurance policy, you can combat the losses of depreciation by taking up a nil-depreciation add-on cover along with your bike insurance. with zero depreciation in bike insurance, you can be assured that the entire claim amount will be paid to you without deducting the depreciation sum.​

benefits of buying and renewing two wheeler insurance online


motor insurance always comes with a fixed validity after which it needs to be renewed. now with everything going online, this process has been made a lot easier as the person can get insurance online and as well as can easily renew it. the process can be done both online and offline but the recommended method will be online as the process is a lot easier and paperless. the advantages of buying and renewing bike insurance cover online are: 

time-saving: 

the online process is hassle-free and saves a lot of paperwork thus making the process easier. this saves a lot of effort for going to the office, and filling the forms offline. with everything going online you can register the details anytime and can check these details whenever you need to. the payment would be made online for both buying and renewing a bike insurance policy and the insured person would receive a copy instantly. this eliminates the need for offline process that is tiring and less efficient. 

safe process: 

renewing the bike insurance policy online is always a secure process as all the details will be in front of your eyes and you can read them at your own pace, thus the influence of the middlemen or the agents in the process is very less. in the offline process, the agent tries to convince and the person listens to them and signs the paper which is generally a cause for dispute at the later stage. when you are reading the paper yourself this dispute is almost negligible as you already knew everything in a better way. 

customisation: 

this is like an added benefit of buying bike insurance online. one could customise their coverage easily by taking some add-ons which would be visible with all the details when they are renewing or getting a new insurance online. the policy premium amount will be altered depending on these factors and in case of any confusion one can reach to the customer support easily. 

company switch: 

at the time of two wheeler insurance renewal, the features, as well as the company you are getting insurance from, could easily be changed. if you feel that any specific company is providing better coverage the transfer process could be done online very easily. so, it is important to research at the time of your bike insurance renewal. 

transparent process: 

everything that happens online at the time of buying or renewing bike insurance happens in front of your eyes. while getting the insurance all the details are available online and could read by the person at their own pace to avoid dispute at any later stage

how to buy/renew two wheeler insurance online?

at reliance general insurance, we strive to make services better for our customers each day, thus with the buying or renewal process now online anybody can purchase their two wheeler insurance in simple steps. let’s first take a look at the steps to buy two wheeler insurance online:

to buy two wheeler insurance online:

  • on reliance general’s​ two wheeler insurance page, on the left-hand side there is a form in which you need to enter your vehicle registration number, email address and mobile number. all of these details are mandatory
  • after entering these details, you can proceed. then you need to enter details of your two wheeler model variant, age of your bike and city in which two wheeler is registered
  • then the premium quotes and different plans will be displayed on the screen. it will have a long list of details with some add-ons and their price quote choose a bike insurance plan from here
  • you can also contact an agent in case you have any doubts. the agent will guide you through the process completely on the phone. thus, all of this could be done at home.
  • once you have finalised your bike insurance policy and add-ons, you need to enter your personal details and then you can move to the final window of terms and condition after agreeing to which the policy could be purchased after making the payment. the documents will be mailed online, a copy of which will serve for the original purpose

renew existing reliance two wheeler insurance

  • in the same form at the top, you will be asked whether you have an existing bike insurance policy with reliance. if you choose ‘yes’ the form will alter itself and ask for the previous policy number
  • once you enter the policy number, all the details will be visible on screen, such as: when the policy is expiring, renewal premium amount if you are opting to continue with the same plan
  • you can look at the features and include some add-ons if you wish to make some change otherwise you can continue reading the terms and conditions after which payment is​ to be done
  • the renewed bike insurance policy will be sent online and will serve for the original purpose 

how to renew an expired two wheeler insurance policy?

it is common that people tend to forget renewing their bike insurance and after a long time it comes to their mind that their policy has expired. now even renewing expired two wheeler insurance policy is easy with b?  as it can be done without any inspection and paperwork. also, to save this hassle one could opt for three year long term policy which would save them going through the process again and again. 

steps to renew expired bike insurance policy online are:

  • on reliance general’s​ two wheeler insurance page you need to enter your vehicle registration number, email address and mobile number, in the form which is on the left side. all of these details are mandatory
  • you will then be needed to fill some details like your two wheeler model variant, age of your bike and city in which two wheeler is registered
  • the payment could be done online once you have finalised the bike insurance add-ons and other features and the policy would be renewed
  • the documents will be mailed at will serve for the original purpose

you’ll get all the benefits from seamless claim settlement process, access to a large network of garages. thus, the process is very simple and there is no complexity involved in buying the right bike insurance. it could be done online in a similar way one buy the bike insurance or renews normal insurance​.

factors that affect bike insurance premium

there are several factors which affect the premium of a bike insurance policy, let’s take a look at some of them:

coverage: the first and the foremost factor is the coverage types and the level of bike insurance coverage you are opting for. for example, it is for sure that a third-party two wheeler cover will be cheaper than the comprehensive bike cover because comprehensive insurance covers for a lot more.

idv: this is the value that we find by estimating the market value of your vehicle at the time you are getting the bike insurance. if the market value of your motor vehicle is lower the idv will be fixed at a lower amount and thus you will be paying less premium.

age of the vehicle: the age of the bike is inversely proportional to the market value of the vehicle and thus it is related to idv. older vehicle means lower idv and thus lower premiums. ​

make and model of your bike: now if you own a basic bike, the bike insurance premium amount will also be lower but with higher variants and models the premium amount will increase. this is simply because insurance companies will pay for claim amount for insured vehicle not for repair 

security systems: this is a lesser-known factor but if you have installed any component which increases the security of your two wheeler then the insurer will take a positive view of this change and will provide a lower premium amount. an example of this would be installing an anti-theft device on your vehicle.

no claim bonus: this is a reward given to the insured for every year that passes without filing any claim. making a claim can lose you out the idv and this bonus. thus, it is advised not raising a claim for very minor damages which could be covered as no claim bonus is a big benefit. 

geographical location: the place where the person will be riding their bike will make a difference to the premium amount as paces like metropolitan cities where traffic is heavy are at higher risk of getting into an accident. the bike insurance premium amount will thus increase with the exposure to risk. 

age of the insured: younger riders are known to have higher risk thus have to pay more premium than a middle-aged person. hence more the age of the insured person the lesser will be the premium amount

how to calculate two wheeler insurance premium online?

here are the steps to calculate two wheeler insurance premium online on reliance general insurance:

  • on the left side of the two wheeler insurance page, there is a form in which you need to enter your vehicle registration number, email address and mobile number. all of these details are mandatory
  • after entering these details, you need to enter details of your two wheeler model variant, age of your bike and city in which two wheeler is registered
  • upon entering all the details you can click on ‘check our prices’ and then the premium quotes and different plans will be displayed on the screen. it will have a long list of details with some add-ons and their price quote choose a plan from here​

how to save on bike insurance premium?

​​

we don’t just sell two wheeler insurance; we also make sure our customers get the maximum value for money on their two wheeler insurance.

  • claim ncb:- ncb is a cumulative bonus which is rewarded for every claim-free year. you can secure a discount of up to 50% for 5 consecutive claim-free years.
  • choose your bike/scooter cc wisely:- the higher the engine cubic capacity (cc) of your two wheeler, the higher will be the two wheeler insurance premium. so, choose the exact variant of your two wheeler to get the exact premium for the insurance.

    learn more about what is cc in bike.
  • know the age of your two wheeler:- older bikes have a lower insured declared value (idv) due to the accrued depreciation over the years. hence the premiums for older bikes are lower and vice versa.
  • increase the voluntary deductible:- a voluntary deductible is an amount that you agree to pay out of your pocket. the higher your voluntary deductible, the lesser will be your bike insurance premium.

what does your reliance ​two wheeler insurance policy cover?

​​

even if you are an expert rider, safety is not guaranteed. at reliance general insurance, we endeavour to provide you the best possible coverage. our two wheeler insurance policy covers your own as well as third party damages caused due to:-

  • fire
  • flood
  • frost
  • theft
  • tempest
  • typhoon​
  • earthquake
  • explosion
  • acci​dent

  • cyclone
  • landslide
  • terrorism
  • inundation​
  • lightening
  • rockslide
  • hailstorm
  • ​hurricane
  • self-ignition
  • riot & strikes

    and/or malicious acts
  • transit by rail,

    road, air & elevator

we don’t hide. here’s what we don’t cover under two wheeler insurance


as much as we would like to cover all possible risks, certain situations are just not feasible. we like to maintain complete transparency with our customers. so here’s what we don’t cover:-

  • normal wear-and-tea​r of the vehicle
  • mechanical and electrical breakdown
  • a vehicle being used other than in accordance with the limitations as to use. for example, if you use your two wheeler for commercial purposes
  • damage to/by person driving without a valid driving license
  • loss or damage caused while riding under the influence of alcohol or any other intoxicating substance
  • loss or damage due to depreciation of the vehicle’s value
  • consequential loss – if the original damage causes subsequent damage/loss, only the original damage will be covered
  • compulsory deductibles – a fixed amount that gets deducted at the time of the bike or scooter insurance claim
  • damage to tyres & tubes unless the vehicle insured is damaged at the same time in which case the liability of the company shall be limited to 50% of the cost of replacement
  • loss or damage to the accessories by burglary housebreaking or theft unless the vehicle is stolen at the same time​​​​

​​

we offer two wheeler insurance plans for various two wheeler brands and models. click here to know more!​​

how to claim your reliance general bike insurance online?

with reliance general bike insurance the claiming process for two wheeler is pretty simple. it could be done in two ways either through the cashless facility at the garage or by claiming for the reimbursement. in both the cases if the claim is correct the amount is fully paid as promised but it is important to know the difference between the two processes: 

cashless claim

this is the case when the person goes to a network garage and they do not pay upfront all the costs that are insured. the insurance company pays for the insurance liability directly to the repairer. customer pays only the difference amount and takes vehicle delivery.

reimbursement claims

in this type of claim, you will have to pay for the repairs and keep the bills so that later a claim could be filed with reliance general. 

the basic process for filing a two wheeler insurance claim is as follows:

at the time of the accident, it is important to be attentive about the details and look for the time at which accident occur. also, it would be great to have some witness and to click some photo or take some videos at that time. 

the next step is to file an fir at the nearest police station. the police will fill in the details of the accident in the fir which will be used when filing a claim. there is no mandatory requirement of filing a fir for all claims. it is only required in malicious case or if there is any tp death or injury involved. after this, the team will contact you and ask you for the details and you may have to visit the office to present these details and document like bike insurance policy paper and fir papers.

there can be several different scenarios that may demand the need to claim a bike insurance policy, such as theft and natural calamity. however, here are the steps to file a bike insurance claim with reliance general insurance:

  • call toll-free number +61404532026 to register a claim.
  • you have to take the two wheeler to your nearest garage for the repair. however, to avail cashless benefit, rgi network garages can be utilized.
  • then a survey will happen and you will have to submit required documents for the claim.
  • our agents will confirm the liability after the inspecting the damage
  • in case of a cashless facility, you are advised to get the vehicle repair at any of the network garages in your city, and we will settle all the bills directly with the garages up to the payment amount, based on the policy.
  • if you do not opt for a cashless facility then you will have to pay for repairs at the moment, and later can submit the bills and claim form to us for the reimbursement.
  • vehicle delivery​

for motor claims, we have also come up with reliance self-i app​ where you can intimate the claims instantly. moreover, you can now have a live video call with our claim experts and be informed about the status in real time.

terms and con​​ditions apply. ​* for more details on risk factors,​ ​terms conditions, brochure, and exclusions, please read the policy wording carefully before concluding a sale. ​details mentioned are for the product- reliance two wheeler package policy.​ ​upto 5​​0% discount is applicable on the annual two wheeler insurance policy only. this information is for reliance two wheeler package policy. discount is not applicable on tvs models. the discount is applicable only on od two wheeler insurance premium quote. ​ discounts mentioned above is based on vehicle category, loyalty, parking & driving experience.​ ​**subject to terms and conditions.​​uin-irdan103rp0011v+61404532026.

disclaimer: savings/discounting is on the own damage portion of motor insurance only. ​discount on premium depends upon various risk factors like vehicle risk category, ncb status, vehicle parking facilities, geography etc. final quantum of discounting may change upon entering the vehicle and/or risk details.​

note: discount of upto ​​50% and the add-on covers mentioned here are applicable for the annual two wheeler insurance policy only.​

how to choose the right bike insurance policy?

as a bike owner, whether you are going to buy new an insurance policy or renew one, here are a few things you should do:

do thorough research: picking the first available insurance plan is not a great call because by comparing different offers you can choose the policy that offers wider coverage at a smaller premium.

picking the right idv: insured declared value (idv) is the amount the insurer pays in case of complete damage or loss of your bike. the higher the idv, the higher will be the premium. therefore, opt for the idv that gives you adequate coverage while keeping the premium under your budget. also, renew the policy before it expires as it will give uninterrupted coverage. if you opt for renewal days after its expiry, the insurer may inspect the bike again and reduce your bike idv.

using no-claim bonus: if you have not made any claim requests in your last insurance period, use your ncb to reduce your payable premium significantly.

other discounts: if you install anti-theft devices to protect your bike against theft, you lower the risk for the insurer, and therefore, are eligible for additional discounts.

add-ons offers: buy a policy that offers useful add-on covers like roadside assistance or zero depreciation at a reasonable price.

inclusions and exclusions: pick the policy with lesser exclusions and more inclusions. 

reputation and claim settlement ratio: ensure you buy the policy from a trusted brand that is known for a high claim settlement ratio.​​​

bike insurance for popular bikes​



bike insu​rance for popular brands​


two wheeler insurance articles​

interesting two wheeler reads


two wheeler insurance faq

  • quick facts
  • policy
  • cover
  • premium
  • claims
  • complain

​firstly, the motor vehicles act 1988 makes to mandatory for all vehicle owners to have a valid insurance policy.

that apart, you should get your vehicle insured because it saves you from any financial loss caused due to accidents, damage or theft of your vehicle. additionally, insurance covers the safety of the co-passengers, someone else’s property and pedestrians too.

​well, there are two types of two-wheeler insurance: ‘third-party insurance’ and ‘comprehensive insurance’.

third-party insurance protects you against losses, which occur due to bodily injury or death to a third party or any damage to that person’s property. it is mandatory, by law, to have third-party insurance.

comprehensive insurance, on the other hand, protects you against losses caused to you, your co-passengers and your vehicle in addition to third-party coverage.

you can insure only private vehicles, i.e. you can get a four wheeler or two wheeler insurance online.​

zero documentation is required to buy a two wheeler insurance policy online. this makes things really simple.

however, you will have to provide details like:

  • registration number
  • engine number
  • chassis number
  • previous policy number (if you have any)
  • vehicle manufacturing date (mm/yy)
  • date and city of purchase
  • you contact details (address, phone no and email id)
  • you should also have a copy of your vehicle’s rc book.

the biggest benefit an online platform offers you is the ability to make any purchase decision in a simple and convenient manner. since most insurance companies now offer this service, it is very easy to compare costs and features of all the policies. you can even calculate your motorcycle policy premium online and get a clear picture of the kind of expenses involved in buying your insurance plan. payments also become easier via net banking and credit card.

apart from all this, online insurance portals offer facilities like renewal reminders and tracking, which make your life a lot easier.

yes, you can!

all you have to do is enter policy no./ cover no. and engine number and you can renew the policy online

if your motorcycle policy has expired, you can renew the policy by making payment online. your inspection id will be generated and post satisfactory inspection and recommendation by surveyor your policy will be issued. note this is only for private car & two wheeler and not for third party liability insurance

​once a request is raised in, the inspection takes place within 48 hours. a successful inspection is followed by an online recommendation made to you, by the surveyor. within the 48 hours following that recommendation, you will have to log-in to the website and convert your two wheeler insurance policy.

failing to convert your policy within that time frame means that you have to go through the entire process again.

​if you’ve not claimed anything on your policy in the previous term, you get a discount on your scooter/bike insurance ​premium in following next terms. this discount is called a no-claim bonus.

this discount can be accumulated on a yearly basis starting from 20% at the first claim-free renewal, 25% at the second, 35% at the third, 45% at the fourth and 50% at the fifth claim free year, which is then continued for following claim-free years.

​yes, it is!

if you have accumulated ncb, at the time of renewing your existing two wheeler insurance policy, you can transfer the ncb. this needs to be done within 90 days of your renewal due date. if you wish to change your insurance provider at the time of renewing your policy, you can enjoy your ncb discount by getting it transferred.

​the ncb will be transferred to reliance general insurance at the same rate you are entitled to get from your previous insurance provider while renewing your policy. however, remember to provide the no-claim bonus certificate from your previous insurance company to ensure the transfer.

​the policy remains more or less unaffected even if you move. you will, of course, need to change your contact details i.e. your new address and phone number. this can be done online or at any reliance general insurance branch closest to you!

your premium might change depending on the city you’re moving to. this is simply because motor insurance rates are fixed based on the registration zone of the vehicle. all metro cities (ahmedabad, bangalore, chennai, hyderabad, kolkata, mumbai, new delhi and pune) are part of zone a, which has a higher rate of premium than the rest of the country (zone b). so if you’re moving from a zone b city to a zone a city, your bike insurance premium will increase and vice versa.

​besides the fact that the bike insurance policy protects you against financial losses, it is also illegal to drive a bike with an expired insurance policy. so, bike insurance renewal must be done before the expiry of the existing policy, so the policyholder can enjoy uninterrupted coverage.

​insurance companies usually send reminders to policyholders before policy expiration. but still if you miss the deadline, you can renew it even after expiry. however, it’s crucial to know that if you delay it more than 90 days, you will lose your no claim bonus and will end up paying more in insurance premiums. also, a delayed renewal would lead to a fresh inspection of the bike, which might reduce its insured declared value (idv).

​yes, in fact, a customer should pick a policy that gives maximum benefits at a lower premium. however, continuing with the same insurance provider gets more loyalty benefits like premium advantage , customer loyalty discounts etc.

​yes, if you get an anti-theft device installed on your bike that is certified by the automotive research association of india (arai), you are eligible for discounts on premiums as it reduces the risk factor for the insurer.

​the premium of a bike insurance policy depends on factors like the type of the insurance one is opting for, the idv the person wants, the age, make, model of the bike, and the age and geographical location of the person seeking the policy.

​yes. as per the motor vehicles act, it is mandatory to have a third party bike insurance that will cover third-party liabilities. however, experts recommend comprehensive insurance that will cover not only third-party damages, but also damages and losses to your own vehicle.

​yes, you can. there’s no limit. however, it’s advised to go for only those add-ons that meet your requirements as more add-ons mean more premium. for every add-on, you have to pay extra premium.

​the insurance policy needs to be transferred from your name to the new owner. you also have the option to cancel the existing policy at the time of selling. however, you can transfer the no claim bonus accumulated in your policy to your name which can be used for your new vehicle.

​yes. most insurance companies in india give discounts on the premium if the policyholder is a member of arai.

​in case of minor repairs, it is better not to make a claim. this way, you will be rewarded with a no claim bonus discount on your next premium for not making any claims during the policy period.

​just log on to www.reliancegeneral.co.in and click on your profile. a soft copy of your policy document will be available for download. a print out of this document definitely serves as the original policy document.

​an endorsement is a written proof of an agreed change in the policy, as and when the need arises. there can be two types of endorsements: premium bearing and non-premium bearing.

in a premium-bearing endorsement, you will be charged an additional premium for things like transfer of ownership, addition of lpg / cng kit, change of rto location etc.

in a non-premium bearing endorsement, you won’t be charged anything for the changes incorporated in the policy. for example, correction in contact details, correction in name, correction in engine / chassis number, addition of hypothecation, etc.

​you can make changes to your two wheeler insurance only in the following cases:

  • either the name, registration number, engine number, chassis number or model number has to be corrected.
  • there is a change or correction of your address
  • there is a change in vehicle, rto or registration
  • there is an addition of electrical / non-electrical accessories and / or addition or change of hypothecation.
  • there is an ncb recovery or change.

for an endorsement, you simply need to raise a service request online, by logging onto our website: www.reliancegeneral.co.in.

​the policy covers damage or loss to the two-wheeler due to:

  • accident
  • fire
  • lightening
  • self-ignition
  • explosion
  • theft
  • riot & strikes and / or malicious acts
  • terrorism
  • earthquake
  • flood
  • cyclone
  • inundation
  • transit by rail, road, air and elevator


your policy can also cover a third-party entity, if the option is availed. we recommend that you opt for a third-party liability cover because it is now compulsory to be taken as per the motor vehicles act. it covers third-party property damage and provides liability for the third-party in case of injury or death. simply put, this cover offers you protection if the other party is uninsured or underinsured.

if you get a personal accident cover, you will be covered against accidental death and permanent, total disablement. this policy is active anywhere in the world, whether you are driving or otherwise.

apart from this, you can opt for any one of these add-on covers to get more comprehensive coverage:

  • total cover
  • nil depreciation

​the risks that we don’t cover in this policy are as follows:

  • normal wear-and-tear of the vehicle
  • mechanical and electrical breakdown
  • vehicle being used other than in accordance with the limitations as to use. for example, if you use your two-wheeler for remuneration purposes.
  • damage to / by person driving without a valid driving license
  • loss or damage caused while riding under the influence of alcohol or any other intoxicating substance
  • loss or damage due to depreciation of the vehicle’s value
  • consequential loss – if the original damage causes subsequent damage / loss, only the original damage will be covered.
  • compulsory deductibles – a fixed amount that gets deducted at the time of the claim.

​third-party cover is mandatory in india. it covers you against legal liability for injury or death or property damage caused to any third party, who is not in the insurance contract in an accident.

however, this policy does not cover damages or loss caused to your own vehicle in an accident or theft. in order to have a complete coverage, you should have a comprehensive two wheeler insurance cover.

this is an optional cover, which protects you against accidental death and permanent total disablement. the personal accident cover is valid for 24×7 anywhere in the world, whether you are driving or otherwise.

apart from this, if you want to cover the third person, then you need to buy a personal accident cover separately by paying an extra premium

​you can claim the pa cover only if the motor insurance policy:

  • is in your name and you are the registered owner of the vehicle.
  • has an owner-driver, paid-driver or unnamed passenger cover.

​this is an add-on cover, which can prove beneficial if your two wheeler is completely damaged in an accident or it is stolen. in this case, the total sum of the expenses paid for the vehicle insurance, registration charges and road tax is reimbursed proportionately.

​idv stands for insured’s declared value (idv). this is the present market value of a vehicle.

it is calculated by adjusting the current manufacturer’s listed selling price of the vehicle with depreciation percentage as listed in the table below:

​electrical accessories are any electronically powered accessories that are part of your vehicle. you can protect electrical accessories, which are not manufacturer fitted, by paying an extra premium of 4% on the value of the item. the value of the item is as stated by you i.e. the insured.

non-electrical accessories include anything from foot rests to seat covers, which are not manufacturer fitted. protection for these can be achieved by paying an extra premium on the invoice value.

​add-on covers literally add extra protection and cover benefits to your policy. they help to customise your two wheeler insurance policy based on your requirements.

you can opt for any one of these add-on covers to get more comprehensive coverage:

  • total cover
  • nil depreciation
  • voluntary deductible

​voluntary deductible is an amount that you agree to pay towards a claim before the insurance company picks up the balance. it is a fixed and minimum amount that you declare to pay when you make a claim. this amount is inversely proportional to your premium. the higher your voluntary deductible amount, the lower is your premium.

for example, if your claim amount is rs. 20,000 and the voluntary deductible is rs. 3,000 then you have to bear the first rs. 3,000 and the claim will be worth rs.17,000.

your deductible amount will differ as per the cubic capacity (cc) of your vehicle.as mentioned in pvt car

you may also opt for a higher deductible over and above the compulsory deductible (gr-40) amount. in this case, we will award you with a suitable discount based on the following table.as mentioned in pvt car

  *own damage premium

this add-on cover entitles you to get 100% repayment on the depreciated parts (other than tyres and tubes) at the time of claim settlement. you can opt for a nil depreciation cover when you get a new bike insured or at any subsequent renewal, so if you haven’t got one right now, you should probably consider it!

by paying a minimal, additional charge on your premium, you can benefit in the following ways:

  • avail repairing costs of fiber glass, rubber, tyres, batteries, air bags, nylon, and plastic parts

please note that we cover only private cars and two wheelers, with a maximum of two claims in one policy period. this cover is applicable only for select make and models that are not older than two years.

​why not! you can easily get a cover for newly fitted accessories once you send us a written request, and share the complete details of the accessories. you will also need to pay an extra premium to get these insured.

​factors that affect / reduce your 2 wheeler insurance premium quote are:

Read more: Best Motorcycle Insurance In California (2021)

  • insured declared value or idv (present market value of the vehicle)
  • cubic capacity (cc) of the vehicle
  • place of registration (zone a / zone b)
  • type of model
  • age of the vehicle
  • type of cover – whether you want comprehensive or third-party cover only
  • add-on covers chosen by you

​online payments definitely make life easier. at reliance general insurance, you can pay your policy premium in following ways:

  • credit card​
  • netbanking
  • debit card using atm pin
  • debit card using 3d secure

we accept all visa, mastercard, american express cards and other international credit cards.



​yes, it does. the brand, model and the variant of your bike or scooter determine its price. since two wheeler insurance premiums are directly linked to the sum insured, the two-wheeler model affects the insurance cost.

check: two wheeler insurance by brand and model​

as soon as any damage or loss occurs to the vehicle, regardless of the hour, we recommend that you call our helpline numbers immediately.

paid number: ​+61404532026​

you can also directly register your claim online. click here to download the form. 

here’s a list of document you should keep ready while making a claim.

accident damages:

  • completed claim form
  • proof of insurance – policy / cover note copy
  • copy of registration book
  • copy of driving license
  • police panchanama / fir (in case of third-party property damage/ death / body injury)
  • repair bills and payment receipts after the job is completed
  • any other document as required by the insurer

theft cases:

  • original certificate/policy document
  • original registration book, with theft endorsement from concerned rto, and tax payment receipt
  • previous insurance details
  • policy number
  • insuring office / company
  • period of insurance
  • all the sets of keys/service booklets/warranty card
  • police panchanama / fir and final investigation report/jmfc report
  • acknowledged copy of letter address to rto intimating theft and making vehicle “non-use”
  • any other document as required by the insurer

​you should immediately report to the nearest police station in case there is damage to any third-party property, bodily injury to third party or self, or theft of the vehicle.

​you should immediately report to the police about your stolen vehicle ​before registering any claim. a delay in reporting will affect your claim, as a general insurance company could deny liability.

cashless claim: a cashless claim is one, where physical cash does not exchange hands during the settlement of the claim. we, the insurers, will pay the repair charges of the vehicle directly to the garage.

however, this is possible only if the garage is part of our listed network of garages.

non-cashless / reimbursement claim: this type of payment or settlement occurs when you choose a garage that is not part of our network. in this case, you need to make the complete payment to the garage at the time of the repairs. later, you can get this amount reimbursed by submitting the original bills and payment receipts to our office.

​if the damage to the vehicle is minimal, it is always a good idea not to make a claim. this will help you to benefit from the no-claim bonus (ncb) for every claim-free year.

if you don’t make any claim on your insurance policy for a few years, the ncb can reduce your premium cost to half the price. in fact, it could very well be the case that the amount you spend on small repairs occasionally is lesser than the amount you stand to lose as no-claim bonus.

​you can cancel your claim by calling our

paid number: ​+61404532026​

​click here to find out the address of a cashless garage closest to you

if the repair cost of your vehicle (in case of an accidental loss or damage) is more than its current value, it is known as contractive total loss.

​yes!

if the event of loss or damage took place during the policy period, you will be eligible for the claim even after the policy has expired.

two wheeler insurance reviews and ratings

average rating:

4.5(based on 231 ratings)

showing 10 reviews

  • “good deals for buying two wheeler insurance”

    it was very easy to purchase two wheeler insurance online. i received the insurance copy for my bike instantly

    tarun d20 january 2020, dhanbad

  • “easily available policy”

    very easy to purchase the policy. did not need any paperwork. i could buy the policy very fast and conveniently

    varshesh g14 january 2020, surat

  • “my scooter is safe now!”

    my two wheeler insurance was about to expire so i quickly bought it online on reliance’s website. it was blazing fast. i quickly entered all my details and got my scooter insurance

    pratiksha m4 january 2020, chennai

  • “convenient process”

    needed to renew my bike insurance so i decided to switch this time as i was not satisfied with my previous insurer. bought the insurance easily online in just a few steps. reliance makes me feel confident this time i will not have any problems

    medha s5 october 2019, jodhpur

  • “good two wheeler insurance”

    apart from the third party insurance i also purchased comprehensive insurance for my bike as i wanted to get coverage for myself as well.relaince has some amazing benefits in store.

    akshay a21 september 2019, bangalore

  • “conveniently obtained car insurance”

    getting an insurance online is so easy.and all the details about the policy was listed out so i could choose properly as well.

    kaizad t20 september 2019, warangal

  • “affordable two wheeler insurance”

    insurance for bike is very affordable by reliance and they offer discounts for no claims as well.

    amaira o13 september 2019, calicut

  • “good service provided for two wheeler insurance”

    multiple options are available for bike’s insurance which you can choose as per your needs.

    vinita a5 september 2019, kalyan

  • “good website with detailed description for bike insurance”

    i have browsed through the plans for bikes and found a suitable one for myself. detailed explation provided for two wheeler insurance and services are good!

    achira n31 august 2019, sangli

  • “great offers for bike insurance”

    purchased a bike insurance for my tvs and satisfied with the service provided

    shashank r25 august 2019, chandigarh

  • see all reviews


now your two wheeler insurance premium will be more than affordable with our special discounts!

we offer you the best of both the worlds. get enhanced protection at attractive premium rates. here are the discounts we offer:-

  1. no claim bonus

    the no claim bonus is your rightful reward for being a responsible rider. as our customer, you can enjoy no claim bonus which increases progressively on a yearly basis, until the discount reaches a whopping 50%. here’s how it is accumulated on a yearly basis: -​
    no. of years discount
    one claim-free year 20%
    two consecutive claim-free years 25%
    three consecutive claim-free years 35%
    four consecutive claim-free years 45%
    five consecutive claim-free years 50%

  2. voluntary deductible

    you can avail discounts on your two wheeler insurance premium in case you have opted for a voluntary deductible while buying the policy. a voluntary deductible is the minimum amount that you choose to pay from the claim amount. the higher the deductible amount, the lower is your bike/scooter insurance premium. please refer to the below table to know the applicable voluntary deductible: –

    voluntary deductible discount
    rs 500 5% on the od premium of the vehicle, subject to a maximum of rs 50/-
    rs 750 10% on the od premium of the vehicle, subject to a maximum of rs 75/-
    rs 100 15% on the od premium of the vehicle, subject to a maximum of rs 125/-
    rs 1500 20% on the od premium of the vehicle, subject to a maximum of rs 200/-

​ ​

no-inspection

for expired policy

pers​onal accident

cover of 15 lacs

​​

​reliance two wheeler insurance aims to cater to all your bike insurance needs. we offer several benefits to make your rides worry-free.

you would be also be interested to know that with this policy, you have an advantage to insure your bike for upto 3 ​​years with a one-time payment.

​​​​​​

why opt for a multi-year policy?

  • no hassle of year​ly renewals
  • discount of upto 13%*
  • lock-in the same tp rate for 3 years

*tenure premium discount for three yea​rs is 13%.

no hassle

of yearly renewals

lock-in the same

tp rates for 2 years​

reliance two wheeler insurance aims to cater to all your bike insurance needs. we offer several benefits which will make your bike secure and your rides worry-free.​ 

*​tenure premium discount for 2 years is 7.5%.

​​

no hassle

of yearly renewals

lock-in the same

tp rates for 3 years​

reliance two wheeler insurance aims to cater to all your bike insurance needs. we offer several benefits which will make your bike secure and your rides worry-free.​

*​tenure premium discount for 3 years is 13%.

know more..


now your two wheeler insurance premium will be more than affordable with our special discounts!

we offer you the best of both the worlds. get enhanced protection at attractive premium rates. here are the discounts we offer:-

  1. no claim bonus

    the no claim bonus is your rightful reward for being a responsible rider. as our customer, you can enjoy no claim bonus which increases progressively on a yearly basis, until the discount reaches a whopping 50%. here’s how it is accumulated on a yearly basis: -​
    no. of years discount
    one claim-free year 20%
    two consecutive claim-free years 25%
    three consecutive claim-free years 35%
    four consecutive claim-free years 45%
    five consecutive claim-free years 50%

  2. voluntary deductible

    you can avail discounts on your two wheeler insurance premium in case you have opted for a voluntary deductible while buying the policy. a voluntary deductible is the minimum amount that you choose to pay from the claim amount. the higher the deductible amount, the lower is your bike/scooter insurance premium. please refer to the below table to know the applicable voluntary deductible: –

    voluntary deductible discount
    rs 500 5% on the od premium of the vehicle, subject to a maximum of rs 50/-
    rs 750 10% on the od premium of the vehicle, subject to a maximum of rs 75/-
    rs 100 15% on the od premium of the vehicle, subject to a maximum of rs 125/-
    rs 1500 20% on the od premium of the vehicle, subject to a maximum of rs 200/-

​ ​

know more..

Source: https://tonupboys.com
Category: Motorcycle Insurance