Yes. Third-party bike insurance is mandatory under Indian law. It covers legal liability arising from injury, death, or property damage caused to third parties.
Third-party insurance covers liabilities to others. Comprehensive insurance also covers damage to your own bike due to accidents, theft, fire and natural disasters.
Zero-depreciation cover helps reduce depreciation deductions on replaced bike parts during eligible claims, resulting in lower repair expenses for policyholders.
New bikes must have mandatory long-term third-party insurance as per prevailing regulations. You may also opt for own damage coverage for broader protection.
You can check your policy validity through your insurer's website or app using your policy or vehicle registration details.
You'll generally need your existing policy details, vehicle registration certificate, and personal information. Additional documents may be required in certain cases.
No Claim Bonus is a premium discount earned for claim-free policy years. It increases over time and is generally transferable when switching insurers.
Log in to your insurer's website or app to download your policy document. Some insurers also allow retrieval using your vehicle registration number.
Inform your insurer immediately, register the claim, submit the required documents, and cooperate with the inspection and repair process.