A two-wheeler insurance policy is essential for every bike or scooter owner in India, offering protection against financial losses and ensuring compliance with the law. This detailed blog explains all important aspects, helping riders make smart decisions and save money on insurance.

What is a Two-Wheeler Insurance Policy?

A two-wheeler insurance policy is an agreement between the vehicle owner and the insurance company that covers losses due to accidents, theft, or natural calamities. As mandated by the IRDAI (Insurance Regulatory and Development Authority of India), at a minimum, every bike or scooter must have third-party insurance to legally operate on Indian roads.

Types of Two-Wheeler Insurance

Understanding the types of insurance is vital for choosing the right coverage:

Third-Party Insurance

• Mandatory by law and the most affordable option.

• Covers damages to others in case of an accident caused by your bike.

• Protects against third-party property damage, injuries, or death.

• Does not cover own vehicle damages.

• Ideal for bikes or scooters used occasionally or with low market value.

First-Party (Own Damage) Insurance

• Covers damages to your own vehicle resulting from accidents, fire, theft, or natural disasters.

• Recommended for riders who use their bikes daily or own expensive vehicles.

Comprehensive Insurance

• Combines third-party and own-damage coverage, offering wide protection.

• Covers damages due to accidents, fire, theft, and disasters like floods and earthquakes.

• Also includes third-party liability, making it a complete package.

• Exclusions: Normal wear and tear, mechanical failures, and damages when driving illegally (e.g., without a license or under the influence).

Zero Depreciation Add-On

• Available as an add-on with comprehensive plans.

• Ensures full claim on replaced parts without deducting depreciation.

• Even plastic, rubber, and fiberglass parts are covered—ideal for new or premium bikes.

How to Buy Two-Wheeler Insurance Online

Many people pay extra commissions at local dealerships, but buying online can save up to 15–20% commissions earned by intermediaries. Reliable platforms like Ekko offer a seamless process:

1. Enter your bike/scooter registration number.

2. View available plans and prices.

3. Select your vehicle, policy type, registration date, and current policy status.

4. Choose among third-party, comprehensive, or zero depreciation options.

5. Set the IDV (Insured Declared Value), which is the claimable amount if the vehicle is totally lost or stolen—a higher IDV means a higher premium but better protection.

6. Fill your personal and vehicle details, complete KYC (with PAN, Aadhaar, or Driving License), and pay digitally to get your insurance instantly in PDF format.

Claims and Exclusions

• You can only claim for the side that is damaged in the accident, not both sides together.

• Claims are strictly denied for illegal activities: driving without a license, under the influence, or violating traffic laws.

• Non-accidental or wear-and-tear damages (e.g., tires, tubes) are not covered unless you buy specific add-ons.

Cost Comparison and Benefits

Important Tips for Two-Wheeler Insurance

• Always keep your IDV high within permitted limits for better claim value.

• Opt for comprehensive with zero depreciation if you use your bike daily or own a costly model.

• Complete KYC properly to ensure a hassle-free claim later.

• Download and keep your insurance PDF for police or claim purposes.

Conclusion

Choosing the right two-wheeler insurance policy ensures peace of mind, financial protection, and legal compliance in India. Compare online and buy smart—don’t pay unnecessary commissions and always understand key terms before purchase.

Drive safe, insure smart, and keep your ride secure