Third Party
Comprehensive
Own Damage
Damages/Losses to own two-wheeler due to an accident | × | ✔ | ✔ |
Damages/Losses to own two-wheeler in case of fire | × | ✔ | ✔ |
Damages/Losses to own two-wheeler in case of a natural calamity | × | ✔ | ✔ |
Damages to Third-Party Vehicle | ✔ | ✔ | × |
Damages to Third-Party Property | ✔ | ✔ | × |
Personal Accident Cover | ✔ | ✔ | × |
Injuries/Death of a Third-Party Person | ✔ | ✔ | × |
Theft of your scooter or bike | × | ✔ | ✔ |
Customize your IDV | × | ✔ | ✔ |
Extra protection with customized add-ons | × | ✔ | ✔ |
Know more about thedifference between comprehensive and third party two wheeler insurance
How to Buy/Renew Two Wheeler Insurance with Digit?
Step 1
On the Digit App or website, enter bike’s registration number, select the policy status and click on ‘View Prices’.
Step 2
Select the plan, add-ons and click on ‘Continue.’
Step 3
Enter your personal, nominee and vehicle details and click on ‘Pay Now.’
Step 4
Complete the payment and mandatory KYC verification process.
Step 5
You’re done! You’ll receive the policy document via email, SMS and WhatsApp. Also, you can access it 24X7 on the Digit App.
Documents Required to Buy Two-Wheeler Insurance Online
To buy Digit bike insurance online, a load of paperwork is not required. Furnish only the following documents to buy a new two-wheeler insurance policy within minutes:
- Bike Registration Certificate
- Previous year two-wheeler insurance policy, if applicable
- Any of these documents for KYC verification - PAN/Aadhar/DL/Voter id/Form 16/Passport
How to File a Two Wheeler Insurance Claim?
After you buy or renew our two wheeler insurance plan, you live tension free as we have a simple, convenient and completely digital claims process!
Step 1
Just call on 1800-258-5956. No forms to be filled.
Step 2
Get a link for Self-Inspection on your registered mobile number. Shoot your vehicle’s damages from your smartphone through a guided step by step process.
Step 3
Choose the mode of repair you wish to opt for i.e. Reimbursement or Cashless through our network of garages.
Two Wheeler Insurance Claims Made Simple with Digit
When we say we’re making claims and well, insurance simple, we truly mean it!
- People hate waiting. That’s a fact. That’s why, instead of having you wait aimlessly for surveyors to check for damages during an accident, we let you self-inspect your bike’s damages through our smartphone-enabled app.
- With a claim settlement ratio of 97% in two-wheeler insurance claims, you must know that we really love claims and won’t beat around the bush to get your claims settled!
- We truly believe in the digital economy. That’s why, even when it comes to claims – no need of hard copies! All you need to do is upload the required documentsduring claims, andyou’re sorted.
Digit's Cashless Garages
Get cashless repairs at 4400+ garages across India
List of 4400+ Network Garages
What Our Customers Have to Say about Us
Rajakumar
Excellent service. Everything is digitized and recently I had to change the insurance from the previous seller post changing the RC. The whole transaction was handled seamlessly without me visiting their office. I will recommend them for anyone going for two-wheeler insurance.
Gaurav Yadhav
It was very good experience purchasing a two wheeler insurance policy from Digit. Very polite and prompt service by Poonam Devi. She took extra care in getting the policy issued as soon as possible.
Sandeep Chowdhury
Awesome experience with Digit Insurance. Got a call from settlement agent with in 5 mins. after uploading all the required Pictures and documents. The claim got settlled over the call itself. Received the claim amount very next working day after providing the final invoice.
Show more
Show all Reviews
How to Avoid Claim Rejections for Two-Wheeler Insurance?
Here’s how you can avoid your claim rejections against bike insurance policy:
- Always carry yourdriving licensewith you – it is mandatory by law, and you'll need it to make a claim if you get in an accident.
- Keep your two-wheeler documents up to date, likeRegistration Certificate (RC),Pollution Under Control Certificate (PUCC)as they are essential for claims. Also, make sure they're valid!
- Drive safe! Breakingroad safety ruleslike driving like underage driving or drunk driving can lead to claim rejection.
- Be honest about your bike modifications with the insurer as disclosing that information later can lead to claim denial.
- If you’re buying a used two-wheeler thentransfer the vehicle’s insurance policyto the new owner right away to avoid claim issues.
- Accident or theft? Call your insurer first and don't get repairs done without informing them about the situation.
Why Renew Bike Insurance Policy with Digit?
If you are looking to renew your bike insurance policy with Digit for the first time, here are some benefits to look forward to:
- Fast & Easy Claims: If you’re stranded after an accident, don’t worry as our online claims process makes everything quick and smooth, from filing a claim to getting your car assessed.
- Cashless Repairs: Focus on recovering after a bike mishap, not finances! Repair your bike at any of our 4400+ network garages without having to make any upfront payments.
- Widespread Garage Network: We have a massive network of 4400+ garages across India for your convenience so you don’t need to look for a repair shop.
- 24/7 Support: We're here for you anytime to assist through the process.
- Customize Your IDV: Don't settle for low payouts! We let you customise your Insured Declared Value (IDV) to ensure you get a fair amount in case of a claim.
How to Renew Existing Digit Bike Insurance Policy?
Step 1
Login to Digit App or website and go to the ‘My Policy’ section.
Step 2
Select the policy pending for renewal and click on ‘Renew Policy.’
Step 3
Next, select the IDV, add-ons and confirm the details, then click on ‘Pay Now.’
Step 4
You’re done! You’ll receive the policy document via email, SMS and WhatsApp. Also, you can access it 24X7 on the Digit App.
How to Download Your Bike Insurance Policy on Digit App?
If you already have an active two-wheeler insurance policy which you want to download form the Digit app, then follow the below steps:
- Step 1 - On the Digit app, go to the ‘My Policies’ tab at the bottom. You will see all your policies currently active with Digit.
- Step 2 – Now select the bike insurance policy that you want to download. Verify all the details and click on ‘Download Policy’. Your two-wheeler insurance policy document will be downloaded.
Third Party Bike Insurance Premium Rates
The third-party bike insurance premium is charged based on a bike’s engine capacity.Let’s have a look at the prices for the year 2019-20 vs 2022
Engine Capacity | The premium for 2019-20 in INR | New 2W TP rate (effective 1st June 2022) |
Not exceeding 75 cc | ₹482 | ₹538 |
Exceeding 75cc but not exceeding 150 cc | ₹752 | ₹714 |
Exceeding 150cc but not exceeding 350cc | ₹1193 | ₹1366 |
Exceeding 350 cc | ₹2323 | ₹2804 |
Third Party Premium for New Two-Wheelers (5-year Single Premium policy)
Engine Capacity | The premium for 2019-20 in INR | New 2W TP rate (effective 1st June 2022) |
Not exceeding 75 cc | ₹1,045 | ₹2,901 |
Exceeding 75cc but not exceeding 150 cc | ₹3,285 | ₹3,851 |
Exceeding 150cc but not exceeding 350cc | ₹5,453 | ₹7,365 |
Exceeding 350 cc | ₹13,034 | ₹15,117 |
Premiums for New Electric Vehicle (EV) Two-Wheeler (1 -Year Single Premium Policy)
Vehicle kilowatt capacity (KW) | The premium for 2019-20 in INR | New 2W TP rate (effective 1st June 2022) |
Not exceeding 3KW | ₹410 | ₹457 |
Exceeding 3KW but not exceeding 7KW | ₹639 | ₹609 |
Exceeding 7KW but not exceeding 16KW | ₹1,014 | ₹1,161 |
Exceeding 16KW | ₹1,975 | ₹2,383 |
Premiums for New Electric Vehicle (EV) Two-Wheeler (5 -Year Single Premium Policy)
Vehicle kilowatt capacity (KW) | The premium for 2019-20 in INR | New 2W TP rate (effective 1st June 2022) |
Not exceeding 3KW | ₹888 | ₹2,466 |
Exceeding 3KW but not exceeding 7KW | ₹2,792 | ₹3,273 |
Exceeding 7KW but not exceeding 16KW | ₹4,653 | ₹6,260 |
Exceeding 16KW | ₹11,079 | ₹12,849 |
How is Depreciation Calculated in Two-Wheeler Insurance?
The Insured Declared Value (IDV) of the two-wheeler is adjusted for depreciation value of your bike as per the below table.
In the table, age-wise depreciation is applicable for only Total Loss/Constructive Total Loss (TL/CTL) claims.
Age of the Bike | Depreciation % |
6 months and below | 5% |
6 months to 1 year | 15% |
1-2 years | 20% |
2-3 years | 30% |
3-4 years | 40% |
4-5 years | 50% |
5+ years | IDV mutually decided by the insurance provider and policyholder |
Two Wheeler Insurance Market Size, By Region, By Value from year 2014 to 2024
Get insights into the growth and trends of the two-wheeler insurance market in India from 2014-2024. The market is distributed among the North, South, East, and West regions.
Factors That Impact Two-Wheeler Insurance Premium
You and your friend who own a two-wheeler from the same company might be paying different insurance premiums, but why? Here are several factors that affect your bike insurance premium calculation differently, including:
Type of Insurance Plan
Your two-wheeler insurance premium is primarily based on the type of coverage or insurance policy you buy. The premium on the Comprehensive Insurance Policy is slightly higher than on a Third-Party Policy, as the former offers insurance coverage for third-party liabilities and Own Damage.
Two-Wheeler Make/Model
This factor significantly influences the two-wheeler insurance premium. If you insure a low-cost two-wheeler or a regular scooter, the premium would be lower than a more expensive vehicle or a luxury bike.
It is because the parts of different models have different replacement costs at the time of the claim. So, the higher the value of the insured vehicle, the higher the risk for the insurer.
Age of the Vehicle
The market value of your two-wheeler is influenced by the age of the vehicle, which in turn impacts your insurance base premium (excluding NCB, Discounts/loading, etc.)
The older vehicle will have a lower market value due to depreciation, so the sum insured will be lower, and you will need to pay less base premium. On the other hand, a brand-new vehicle with a higher market worth will fetch a higher base premium.
Insured Declared Value (IDV)
IDV refers to your vehicle’s approximate current market value after calculating its depreciation value. It is a crucial component of any insurance policy and is directly proportional to the premium.
No Claim Bonus (NCB)
It is a reward in the form of a discount upon not raising any claim in a policy year. So, at the time of the policy renewal, the percentage of NCB value you are eligible for, as determined by your insurer, can significantly lower your insurance premium for the following year.
Add-On Covers
If you wish to protect your two-wheeler in all possible situations, you can customise your Comprehensive Two-Wheeler Policies by opting for add-on covers such as a Zero Depreciation Cover, Tyre Protect Cover, RTI and more. This will increase your scope of coverage and hence leads to an increase in your premium amount.
Engine’s Cubic Capacity
If the cubic capacity (cc) of your vehicle’s engine is 75 cc or less, your insurance premium would be low. If your two-wheeler is labelled 350 cc, you will have to pay a larger premium for the coverage.
RTO Location
The vehicle’s geographical location also determines your insurance premium value. If you frequently ride in a city with more accidents, the premium will also be higher and vice versa.
How to Choose the Right Two Wheeler Insurance?
Customize your IDV
An IDV is the market value of your bike, including the charge of its depreciation and the value of the same will directly affect your bike insurance premium. Moreover, this also affects the compensation value you’ll receive during claims. So, make sure you always check if your IDV is stated correctly. At Digit, we believe in transparency and give you the option to customize your IDV.
Compare Bike Insurance Quotes
The biggest advantage you have of buying a bike insurance online is, that you can compare different bike insurance quotes. You can either do this on online insurance aggregators or by visiting different insurance provider websites. Make sure you compare important aspects such as your IDV, add-ons available, service benefits, reliability and of course, claim settlement ratios and processes!
Service Benefits
A good bike insurance isn’t only about coverages and claims (although yes, that’s a huge part of it!) it’s also about the kind of service benefits you can avail through your respective service provider. For example; at Digit we offer services like Roadside assistance (which doesn’t count as a claim) which ensures we’re there for you even when you need us for the littlest of things.
Know your Coverage
A good bike insurance should be able to cover you for the different things that you may need. That’s what the premium is for! Therefore, while choosing the right bike insurance,ensure you look at the coverage you receive and then decide if what you’re paying for is worth it or not.
Which Two-Wheeler Insurance Policy is the Best for You?
Case 1: If you bought a new luxury bike
Being the owner of a luxury bike might make you feel proud but comes with a lot of responsibilities as well. Firstly, you need to safeguard it against all types of damage and mishaps by getting a comprehensive two-wheeler insurance.
It covers both third-party liability and own damage. For further enhanced protection of your costly vehicle, you must purchase appropriate add-ons.
A Zero Depreciation Cover will get you the maximum claim amount without considering the depreciation of its expensive parts. You should also protect your top-end bike in case of theft or total loss by getting a Return to Invoice Cover.
You can avoid spending a chunk on repairing the expensive engine of your bike by getting an Engine Protection Cover. Also, it is better to get a consumables add-on to cover the replacements cost of lubricants, oils, nuts, bolts, screws, washers, grease, etc. of the luxury bike.
Case 2: If you own an 8-year-old bike that you drive daily
Many motorcycle owners tend to overlook the importance of two-wheeler insurance for a 8-year-old bike, but it is legally required to have at least third-party insurance. Considering the age of your bike, it is advisable to have own-damage coverage, which provides protection for repairs or replacement in the event of accidents, theft, fire, natural disasters, and more.
Alternatively, it is better to get a comprehensive bike insurance as it will protect your bike against a number of factor, which is important since you drive your bike daily.
Case 3: If you still own that decades old scooter, locked in a corner
Some possessions hold sentimental value, like the scooter that has been in your family for generations. Although it is rarely used, it is still necessary to have at least third-party insurance coverage to comply with legal requirements. Since you don't actively ride the scooter, you can choose to forgo comprehensive insurance and add-ons.
Two Wheeler Insurance Terminologies You Need to Know
What is Insured Declared Value (IDV) in Two Wheeler Insurance?
IDV is the maximum amount your insurance provider can give you, in case your bike is stolen or totally damaged.
The2 Wheeler Insured Declared Valueand your two wheeler insurance premium go hand in hand. This means, the higher your IDV is, the higher your bike insurance premium – and as your vehicle ages and IDV depreciates, your premium also decreases.
Also, when you decide to sell your bike, a higher IDV means you’ll get a higher price for it. Price may also be affected by other factors like usage, past bike insurance claims experience etc.
So, when you’re choosing the right two wheeler insurance policy for your bike, remember to make note of the IDV being offered, and not just the premium.
A company offering a low premium may be tempting, but this could be because the IDV on offer is low. In case of total loss of your bike, a higher IDV leads to higher compensations.
At the time of resale, your IDV is indicative of the market value for your bike. However, if you have maintained your bike really well and is shining as good as new, you can always aim at a price more than what your IDV might offer you.
At the end of the day, it all boils down to how much love you have showered on your bike.
What is No Claim Bonus (NCB) in Two Wheeler Insurance?
NCB (No Claim Bonus)definition: NCB is a discount on premium given to the policyholder for having a claim-free policy term.
A no claims bonus ranges from a discount of 20-50% and is something you earn at the end of your policy period by maintaining a record of making no bike accident claims under your bike insurance policy.
This means that you can’t get a no claims bonus when you buy your first comprehensive bike insurance policy – you can only get it on your policy renewal.
A No Claim Bonus is meant for the bike insurance policyholder regardless of the bike. This means, even if you switch your bike, your NCB stays with you.
If you decide to buy a new bike, you will be issued a new bike insurance policy, but you can still avail of the NCB you accumulated on the old bike or policy.
What is Zero Depreciation Two Wheeler Insurance?
Like everything in life, there is a decrease in value of certain parts of your bike, including the bumper or any other metal or fibre glass parts.
So, when a damage happens, the full cost of replacement is not given as depreciation is deducted from the claim money.
But this addon makes sure there is Zero Depreciation and you get the full value of the cost of repair/replacement provided the vehicle is repaired at Digit Authorized Workshop.
Know more about Zero Dep Two Wheeler Insurance
What is Cashless Claims in Two Wheeler Insurance?
If you opt to get your bike repaired with a Digit Authorized Repair Center, we will make the payment for the approved claim amount, directly to the Repair Center. This is a Cashless Claim.
Please note, if there are any deductibles, like a Compulsory Excess/ Deductible, any repair charges for which your insurance doesn’t cover you or any depreciation costs, that is to be paid by the insured’s own pocket.
Know more aboutCashless Bike Insurance.
Things to Keep in Mind While Choosing the Right Two Wheeler Insurance Policy?
A bike insurance calculator is an online tool to help you ascertain the right bike insurance quote for your bike.
The same can be calculated by entering your bike’s basic details such as your bike’s make and model, registration date, type of plan, etc.
Calculate Bike Insurance Premium
- Step 1: Enter your bike’s make, model, variant, registration date, and the city you ride your bike in.
- Step 2: Press Get Quote and choose between a Third-Party Bike Insurance and Comprehensive Bike Insurance.
- Step 3: Tell us more about your last bike insurance policy (if any) such us your NCB/Claim History, Expiry Date, etc.
Know more aboutTwo Wheeler Insurance Premium Calculator.
Components of a Bike Insurance Premium
Own Damages Cover- Included in Standard/Comprehensive and standalone Own Damage policies, this part of your bike insurance would cover for losses and damages caused to your own bike.
- Bike’s IDV- Your bike’s IDV a.k.a the current market value of your bike helps directly determine your bike’s premium.
- Add-Ons- Your bike insurance premium will be affected basis the type and number of add-ons chosen.
- Third-Party Liabilities- It is mandatory by law to at least cover for third-party liabilities in a bike insurance and the premium based on it is usually determines by the IRDAI guidelines. Therefore, this component of your bike insurance will always remain the same.
- Bike Make & Model- Your bike’s make and model directly affects the IDV, cc, and the risks associated with your bike. Therefore, it has a huge impact on your bike insurance premium for any plan you pick.
- PA Cover- If you don’t already have one and opt for it within your bike insurance plan, your bike insurance premium will slightly increase by a small margin.
- Age of Bike-The older your bike is the lesser will be its premium and vice versa!
How to Reduce Your Two Wheeler Insurance Premium?
- If you have had no claims for more than 4-5 years, you can look at increasing your Voluntary Deductible and decreasing your bike insurance premium.
- This is obvious but important. Apart from being safe on the road, cautious driving in speed-limits, will avoid accidents and make sure you get a No Claim Bonus during your bike insurance renewal each year.
- Talk to your insurance company. If you feel you’re still not getting a cheap bike insurance quote, it’s not a bad idea to call the insurance company you are interested in once before making the final decision.
Compare Two-Wheeler Insurance Quotes
How should youcompare your bike insurancewith other companies?
- Check your IDV- A lot of cheap two-wheeler insurance quotes will have a low IDV (Insured Declared Value), which is the market value of your two wheeler. If it is low, then at the time of claim, esp. during theft and total damage, you are in for a shock! So setting this at the Right Value is important. Digit gives you the option to set it while buying your two wheeler insurance policy online.
- Check the Service Benefits- Go for a company that gives you good after-sales services. Some of the services Digit offers are 24*7 Customer Care Support, Cashless at 4400+ Garages, and many more.
- Check the addons they are offering- Go for a company that gives you the option of choosing the right add-ons that are useful to you at competitive prices.
Why Buying a Two Wheeler Insurance Online Makes Sense?
In the world of online shopping, quick UPI payments and what not, buying a bike insurance online is just one part of this ever-growing digital economy. It not only makes things easier and more convenient for you, but also helps reduce costs and hence, your bike insurance premiums!
All you need to do to buy a bike insurance online is keep your basic two-wheeler details handy and your debit/credit card or UPI id ready and your bike insurance will be emailed to you in no time.
Saves Time
One of the biggest advantages of buying a bike insurance online is the fact that it can save you so much time! No need to visit an agent or an insurance office physically. All you need is your laptop or smartphone and a stable internet connection.
Customization Available
Another advantage of buying a bike insurance online is the extent of customization available online. From customizing your IDV to opting for a combination of different add-ons like a Zero Depreciation Cover, Tyre Protect Cover, et al the customization available online can never be done offline.
Zero Paperwork
Nobody likes paperwork and we get that! That’s why, when you buy a bike insurance online with Digit, there is no paperwork involved. Everything is literally just online!
Why is it Important to have an Active Bike Insurance Policy for Second-hand Bikes?
Do you know that you can buy or renew your bike insurance policy regardless of whether it’s a brand-new bike or a secondhand one?
However, if you're purchasing a second-hand bike, check if the owner already has a two-wheeler insurance or not, and get the same transferred to your name, well within 14 days of purchase.Additionally, also make sure:
- Both the bike and its insurance are transferred to your name successfully. You should ideally do this within 14 days of purchase.
- Make sure you are aware of the claim history of the bike. You can do this by providing the respective policy number to your bike’s current insurance provider.
- If you’ve had a bike insurance earlier (for another bike, of course!) you can transfer your No Claim Bonus to your new car insurance policy.
- If your bike’s owner doesn’t have a valid bike insurance, you can instantly insure your two-wheeler on our website here.
- If you’ve already transferred your secondhand bike insurance in your name already, check for the expiry date and make sure you renew it before or on the date of its expiry.
Know more about
- Second Hand Bike Insurance
- Things to check before buying a used bike
Why is it Important to have a Bike Insurance Policy for your Old Bike?
If you’ve never bought a bike insurance for your bike, it’s still never too late to get one. However, here are the three most important things you should keep in mind before buying a bike insurance for your old bike.
Bike Use & Type of Bike Insurance
Are you buying a bike insurance to just keep your old bike legal when you take it out, or protect it from damages and losses? Based on your bike’s use and type, you need to decide whether a third-party or comprehensive bike insurance works for you.
IDV of your Bike
IDV is the market value of your bike. Basis this, your bike insurance premium and your claim amount too during claims. Since your bike is an old one, set your IDV basis its current market value, and don’t forget to also account for the depreciation over the years!
Additional Covers
When you opt for a two-wheeler comprehensive insurance, you will be given the option to add additional covers to your policy to give your bike extensive coverage. As per the use and age of your bike, you can pick a combination of add-ons that will help you cover for your bike in all possible situations.
However, if you’re planning to buy a bike insurance for your old two-wheeler, see which add-ons would be applicable or not. For example; A Return to Invoice cover may not be applicable if your bike is more than five years old.
Know more aboutOld Bike Insurance.
Why Renewing your Expired Two-Wheeler Insurance Policy is Important?
Why is it Important to Renew your Expired Bike Insurance Policy on time?
You’ll Lose out on your NCB
NCB is your No Claim Bonus, that you may have accumulated over the years if you’ve never made a bike insurance claim yet. This accumulates bonus usually helps you get a discount on your next bike insurance renewal. However, if you don’t do so before your bike insurance’s expiry date, you may lose out on your NCB completely!
Higher Chances of Paying a Penalty
As per the revised Motor Vehicle Act, anyone caught without a valid bike insurance is liable to pay a penalty of Rs 1,000 to Rs 2,000 for the first penalty and up to Rs 4,000 for the second time. Renewing your bike insurance on time will ensure you don’t get caught in such a situation.
Bear the Financial Brunt
The whole purpose of having a bike insurance is to protect yourself from unexpected expenses that could arise out of both minor and major accidents or even natural calamities. Not renewing your bike insurance on time, could lead to losses that you may have to overcome in the likelihood of the same.
Know more aboutHow to Renew Expired Bike Insurance Policy?
FAQ's about Buying Two-Wheeler Insurance
How can I get a new bike insurance policy online from Digit?
You can buy two-wheeler insurance online either through our website or app by following simple steps. Just enter your bike registration number, select your desired policy cover, enter previous policy details if any, and nominee details. Make the payment, complete your KYC and it's done!
Can I customise my IDV when buying a bike insurance policy from Digit?
Yes, Digit offers you the option to customise your IDV as desired – both while buying and renewing the policy from us.
What is Third Party Liability Cover?
Third Party Liability Cover is a safe net when you hit someone else's bike, causing damage to life and property. Your insurance company pays for the damage on your behalf.
Which is the best bike insurance policy?
Comprehensive Bike Insurance Policy is considered the best two-wheeler insurance as it covers both third-party and own damage coverage. Moreover, you can also buy add-ons to enhance the policy coverage.
Can I get add-ons with my policy?
Yes, you can! We offer 8 add-ons including 24*7 Breakdown Assistance, Engine & Gearbox Protection, Tyre Protection and many others
Is a two-wheeler insurance mandatory?
Yes. According to the Motor Vehicles Act 1988, at least having a two-wheeler insurance to cover for third-party liabilities and losses is mandatory. Without this, it’s illegal to ride your bike anywhere in India.
Know more about the New Traffic Fines in India.
How do I check if my bike is insured?
As a bike owner, its one’s personal responsibility to always ensure their bikes are insured. In case you’re not sure of if your bike is insured or when the next renewal date is, all you need to do is visit your state RTO website and enter your two-wheeler registration number, post which all your bike’s details, including its bike insurance details (policy number, expiry date, etc.) will be present.
Is pillion rider a third party?
Yes, the pillion rider, or in simper terms- the passenger on the back seat is considered third-party and will hence be covered for in the case of an accident.
Who is the third-party in an accident?
A third-party could refer to either a third-party person, vehicle or property obviously does not include you or your vehicle. Additionally, even the passenger on your back seat will be considered as a third-party. For example, if you happen to damage somebody’s gate while parking, the damage to the gate would be considered third-party damage.
Do I need a motorcycle insurance to ride someone else's bike?
If you are going to ride someone else’s bike, you don’t need an individual insurance policy yourself, but you need to make sure the person you’re borrowing the bike from, has at least a valid third-party bike insurance as you may need the same in case a cop checks on you while riding, or you run into some trouble.
Which insurance is better for two-wheelers – 1st, 2nd, or 3rd party?
Third-party insurance provides coverage against third-party liabilities while 1st party bike insurance or Own Damage cover protects your own bike. However, comprehensive bike insurance provides both 1st and 3rd party coverage so, it is the best insurance plan for bikes.
Why is KYC verification mandatory for bike insurance?
IRDAI has made it mandatory for every insurance provider to verify the authenticity of the policy buyer before issuing a new policy or renewing bike insurance.
Which is the cheapest bike insurance cover?
Third-party Bike Insurance Policy is the cheapest bike insurance policy you can buy as it covers only the third-party liabilities and is also mandated by law in India.
What is a 5-year bike insurance plan?
It means that if you buy a new two-wheeler, it is mandatory to buy a 5-year insurance policy, which includes a 5-year Third-Party liability cover and an additional 1-year Own Damage cover.
What documents are required to file a claim for a two-wheeler insurance online?
None! With Digit, all our claims are done online via our smartphone enabled processes. During a claim, all you need to do is give us a call on 1800-258-5956 and we’ll send you a self-inspection link to assess your damages, after which we’ll give you the option to repair your bike at one of our garages or claim for a reimbursement, the choice is yours.
Can I choose not to make a claim if the damage is minimal? What do I gain out of it?
Yes, absolutely! On doing so, you will benefit from your No Claim Bonus. This means, during your next bike insurance renewal online, you’ll be rewarded with a premium discount for making no claims throughout one policy period.
In which case inspection of a vehicle is mandatory?
Inspection of your vehicle is required only when you’re purchasing a comprehensive or standard two-wheeler insurance online policy with us for the first time or are renewing your policy with us after the expiry date of your previous policy. The same is done through our smartphone-enabled app, online. After the inspection is approved by our team, your coverage for own damages is activated automatically.
How does bike insurance work if someone else borrows my bike?
An insurance policy for bikes is connected to the respective bike and its owner. However, if someone does borrow your bike and while doing so, causes damages to the bike or a third-party then your bike insurance will still cover for the losses and damages (as per respective policy conditions), as long as you mention this while making the claim and that both the bike papers and policy documents are in your name only.
Can I claim tax benefits under Section 80C against bike insurance?
No, you cannot claim income tax exemption for buying bike insurance under Section 80C.
What is the role of a surveyor in the bike insurance claim process?
A surveyor is an important person as he/she assesses the damage to your two-wheeler and that of the third party, if required. They will then submit a damage assessment report to your insurance company. After that only your claim request will be processed.
Can I replace a new vehicle in my current insurance policy?
No, your two-wheeler insurance policy is attached to your two-wheeler registration number and hence your current insurance policy can’t be used for your new vehicle. You’ll need to get a new two-wheeler insurance policy for the same. In case you’re selling your old vehicle, you can just transfer your current insurance policy to the new owner too.
What is PA cover in a two-wheeler insurance? Is it mandatory?
PA cover is the Personal Accident cover that ensures you are covered in case of injuries during an accident. The same is mandatory by law and can either be bought with your health insurance or, while purchasing your third-party two-wheeler insurance for a nominal fee.
What is the meaning of zero depreciation two-wheeler insurance?
Zero-depreciation or the bumper-to-bumper cover is an add-on available in a standard or comprehensive two-wheeler insurance. On opting for this add-on in your two-wheeler insurance policy, we won’t calculate depreciation on your bike and therefore, give you the complete IDV or required compensation without reducing any amount that is usually deducted on charge of depreciation. Know more about the difference between Comprehensive and Zero Depreciation bike insurance policy.
Is engine covered in bike insurance?
Engine is only covered if you have purchased the Engine Protect add-on cover with the Comprehensive or Own Damage bike insurance policy.
Which two-wheeler insurance online is best for bike?
This depends on what your personal requirements are 😊 At Digit, we offer unique benefits such as online claims and purchase for quick and transparent processes, smartphone enabled inspection to ensure claims are settled instantly, thousands of cashless garage options so you can get your bike repaired without worrying about the payment, and of course some suitable add-ons to choose from that can act as additional shields to your bike.
Is third-party insurance more expensive?
No, a third-party two-wheeler insurance isn’t more expensive. According to the law, at least having a third-party insurance is compulsory for all riders. However, having comprehensive or standard bike insurance- although slightly more expensive is more cost effective as it covers both third-party damages and your own damages as well under one policy.
Know more about Third Party Bike Insurance Rates.
What is the difference between a third-party and comprehensive two-wheeler insurance?
A third-party two-wheeler insurance is one that only covers losses against third-party damages only, whereas a comprehensive two-wheeler insurance covers both third-party damages and your own damages as well. Know more about the difference between Comprehensive and Third-party bike insurance.
How do I calculate the premium for my two-wheeler insurance policy online?
You can use your insurance company’s bike insurance calculator to calculate the premium. These calculators are designed to analyse the vehicle’s make and model, its age, cubic capacity of the engine, and your chosen coverage to calculate the insurance premium.
How much does a two-wheeler insurance policy cost in India?
Third-party liability cover starts as low as ₹538 in India, while the premiums of other plans vary depending upon factors like type of coverage, bike make/model, engine capacity, add-ons, geographical location, etc.
Where can I find the policy number for my bike insurance?
You can find the policy number for your bike insurance mentioned on the Insurance Certificate provided by your insurance company and in the emails or other communication sent by your insurer.
You can also check your insurance details online by visiting the website of the State Transport Department or by visiting www.parivahan.gov.in
Can I customize my two-wheeler insurance coverage while buying online?
Yes, you can customize your two-wheeler insurance coverage while purchasing online by opting for additional add-on covers to enhance your policy's coverage, such as zero depreciation cover, roadside assistance, personal accident cover, etc.
Can I cancel my bike insurance policy?
Yes, you can cancel the bike insurance policy. However, to get a refund for the premium paid, you must adhere to the terms and conditions of the policy.
How can I get my existing two-wheeler insurance renewal online with Digit Insurance?
To do two-wheeler insurance renewal online with Digit Insurance, visit the two-wheeler insurance page, enter your bike brand, variant and registration date- after which you’ll be asked to enter your existing policy’s expiry date and service provider.
After filling in the required details and opting for your required plan and cover, your new bike insurance policy will automatically be renewed with us, after the expiry of your existing policy.
Can I choose a different insurance plan while renewing my bike insurance policy?
Yes, you can opt for a different cover and add-ons during bike insurance policy renewal, as per your current needs.
How can I check the validity of bike insurance policy?
You can refer to the policy document to check the validity or open Digit app and check your policy details.
What is the break-in period in two-wheeler insurance?
The break-in period is the time between your policy expiry date and its renewal date. The break-in period is important because during that time your bike insurance plan is inactive, implying that you cannot raise claim requests.