Securing Your Ride: The Essential Checklist for Bike Insurance Policy

As a bike owner, your two-wheeler is more than just a transportation mode; it is an investment, a prized possession, and a source of joy and freedom. On the road, it is important to have a safeguard; that is why having a bike insurance policy is essential. In this article, we will take a closer look at the basics of bike insurance policies, the coverage they offer, and what to consider while buying one.

What is Bike Insurance Policy?

Bike insurance policy is a legal requirement in India under the Motor Vehicles Act of 1988. The insurance policy provides financial coverage against damage, loss, or theft of your two-wheeler, third-party liability, personal accident insurance, and more. There are two main types of bike insurance policies: Third-party liability insurance and Comprehensive insurance.

Third-party liability insurance covers any damage caused to a third party, including their vehicle and bodily harm. In contrast, comprehensive insurance covers damages to your own vehicle, third-party liability, and personal accident coverage. This type of coverage is highly recommended as it protects you from any financial loss that may arise due to theft, accidents, or natural disasters.

What Coverage Should Your Bike Insurance Policy Provide?

To ensure your bike is well-protected, it is important to understand the coverage offered by your bike insurance policy. Here are some key factors you should consider while choosing a policy:

1. Third-party Liability Coverage: Third-party liability insurance is the minimum requirement under the Motor Vehicles Act of 1988. It provides coverage for any damages caused to a third party while riding your bike.

2. Personal Accident Coverage: This coverage offers financial protection to you or your family members in the event of an injury or death caused by an accident.

3. Comprehensive Coverage: This type of coverage is recommended as it covers damages to your bike, third-party liability, and personal accident coverage.

4. Zero Depreciation Cover: Zero Depreciation Cover is an add-on that provides full coverage without factoring in the depreciation of your bike�s parts during repairs.

5. Roadside Assistance: Roadside assistance is an essential part of any bike insurance policy. It offers assistance in situations such as flat tire, battery breakdown, or fuel replenishment.

6. No-Claim Bonus: No-claim bonus is a reward offered by insurance companies for not making claims during the policy term. It can lead to a reduced premium when renewing the policy.

Which Documents Are Required to Buy a Bike Insurance Policy?

To buy a bike insurance policy, you need to have the following documents:

1. Bike Registration Certificate (RC): The RC is a legal document that provides proof of ownership and registration of your bike.

2. Identity Proof: You need to provide an identity proof such as PAN Card, Aadhaar Card, or Passport while purchasing a policy.

3. Address Proof: Address proof such as Voter ID, Driving License, or Utility Bills is required to complete the policy purchase process.

How to Choose the Right Bike Insurance Policy?

Choosing the right bike insurance policy can be a daunting task. Here are some points to keep in mind while selecting a policy:

1. Coverage offered: Check for the coverage offered by the policy and choose the one that provides comprehensive coverage against theft, damage, and third-party liabilities.

2. Add-ons: Add-ons are additional benefits that you can purchase as part of the insurance policy. Choose the add-ons that provide increased protection to your bike.

3. Claim settlement ratio: Check the claim settlement ratio of the insurance company before purchasing the policy. High claim settlement ratio indicates the credibility of the company in settling claims.

4. Premium: Compare the premium offered by various insurance companies and choose the one that provides the best coverage at an affordable rate.

5. Customer support: Check for the customer support offered by the insurance company. It is important to have good customer support in case of any queries or assistance required.

Looking for SBI Bike Insurance Policy?

SBI Bike Insurance Policy is one of the most popular bike insurance policies in India. It offers comprehensive coverage, and add-ons such as zero depreciation cover, personal accident coverage, and more. Here are some key features of SBI Bike Insurance Policy:

1. Comprehensive Coverage: SBI Bike Insurance Policy offers comprehensive coverage against theft, damage, and third-party liabilities.

2. Add-ons: The policy offers add-ons such as zero depreciation cover, personal accident coverage, and more.

3. Claim settlement ratio: SBI Bike Insurance Policy has one of the highest claim settlement ratios in the insurance industry.

4. Premium: The premium is affordable and can be customized based on the coverage required.

5. Customer support: SBI Bike Insurance provides round-the-clock customer support for policyholders.


Bike insurance is an essential requirement for every bike owner to ensure financial safety and protection against damage and loss. With the right coverage and add-ons, you can stay safe while enjoying the freedom and joy of riding your two-wheeler. Keep in mind the above-mentioned points while choosing a bike insurance policy, and don�t hesitate to compare options and read reviews before making a decision. Stay safe and enjoy the road ahead!