Best Two Wheeler Insurance Plans Of 2023 in India [Top Insurance Companies]

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Two wheeler bike insurance plans cover all types of two-wheelers including bikes and scooters by providing coverage against any third-party liabilities. Moreover, on a larger scale, it also secures you from the unwanted fiscal cost in the event of loss or damage incurred due to any mishap/ accident.

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Under the Motor Vehicles Act, all two-wheeled vehicles, together with bikes, motorcycles, and scooters, have to have third-birthday birthday celebration coverage insurance earlier than being permitted to drive. However, given its advantages, acquiring the appropriate shape of two-wheeler coverage insurance is constantly a smart decision.

Best Two Wheeler Insurance Plans Of 2023 in India

When you intend to buy bike insurance policy online, do not forget to compare different bike insurance quotes and assess the features offered in the policy. Listed below are the two-wheeler insurance policies offered in India.

Along with insurance for the owner, complete coverage gives considerable defence towards any third-birthday birthday celebration legal responsibility and covers damages on your vehicle as a result of accidents, fires, theft, or herbal disasters. To recognise greater approximately the two-wheeler coverage plans in India, examine on.

Best Two Wheeler Insurance Plans Of 2023 in India
  • Bajaj Allianz Two Wheeler Insurance
  • Bharti AXA Two Wheeler Insurance
  • Digit Two Wheeler Insurance
  • Edelweiss Two Wheeler Insurance
  • IFFCO Tokio Two Wheeler Insurance
  • Kotak Mahindra Two Wheeler Insurance
  • Liberty Two Wheeler Insurance
  • National Two Wheeler Insurance
  • New India Assurance Two Wheeler Insurance
  • Navi Two Wheeler Insurance
  • Oriental Two Wheeler Insurance
  • Reliance Two Wheeler Insurance
  • SBI Two Wheeler Insurance
  • Shriram Two Wheeler Insurance
  • TATA AIG Two Wheeler Insurance
  • United India Two Wheeler Insurance
  • Universal Sompo Two Wheeler Insurance

List of Top Two Wheeler Insurance Plans in India

In the below grid, find the key information in regards to the best two wheeler insurance plans offered in India:

Two Wheeler Insurance ProvidersThird-party CoverPolicy Term
Bajaj Allianz Two Wheeler InsuranceAvailable01 Year
Bharti AXA Two Wheeler InsuranceAvailable01 Year
Digit Two Wheeler InsuranceAvailable01 Year
Edelweiss Two Wheeler InsuranceAvailable01 Year
IFFCO Tokio Two Wheeler InsuranceAvailable01 Year
Kotak Mahindra Two Wheeler InsuranceAvailable01 Year
Liberty Two Wheeler InsuranceAvailable01 Year
National Two Wheeler InsuranceAvailable01 Year
New India Assurance Two Wheeler InsuranceAvailable01 Year
Navi Two Wheeler InsuranceAvailable01 Year
Oriental Two Wheeler InsuranceAvailable01 Year
Reliance Two Wheeler InsuranceAvailable01 Year
SBI Two Wheeler InsuranceAvailable01 Year
Shriram Two Wheeler InsuranceAvailable01 Year
TATA AIG Two Wheeler InsuranceAvailable01 Year
United India Two Wheeler InsuranceAvailable01 Year
Universal Sompo Two Wheeler InsuranceAvailable01 Year

What is Two Wheeler Insurance?

Two wheeler insurance, or bike insurance, is an insurance policy that helps you to cover against damages that may happen to both you and to your two-wheeler due to events like accidents, thefts, fires, or natural disasters. You will also get protection against liabilities arising due to damages to any third-party vehicle, property or person. A two-wheeler insurance covers different types of two-wheelers, like motorcycles, mopeds, scooters and more.

Why do you need Two Wheeler Insurance?

Two-wheeler sales in India reached an all-time high as of 2019, when India’s auto industry sold some 21 million units. This figure is almost double the 2011 sales, when just 11.77 million two-wheeler units were sold in India. This data alone speaks for the volumes of two-wheelers in India.

With so many two-wheelers muddling across cities, accidents are prone to happen. Perhaps that’s why, at least having a Third-Party Bike Insurance is mandatory by law. This way, if you run into a third-party vehicle or someone bumps into you, you will be covered against any damages and losses caused.

Digit provides two-wheelers with three kinds of bike insurance policies. From the complete Comprehensive Cover to standalone Third-Party and Own Damage Bike Insurance Policies as well.

Buy/Renew Bike/Two Wheeler Insurance Online in India

The best part? Comprehensive Bike Policies can further be customized by opting for add-ons that help protect your bike in all possible situations. All this within just a few minutes to spare online, and we’ll take care of the rest:

  • Accidents: Damages and losses that may arise due to an accident or collision
  • Bike Theft: Covers for your losses in case your two-wheeler is unfortunately stolen
  • Bike got fire: Damages and losses to your two-wheeler in case of an accidental fire
  • Natural Disaster: Damages caused to your two-wheeler due to nature’s many furies, such as due to floods, cyclones, etc.
  • Personal Accident: Covers for your expenses in cases where you’ve hurt yourself too bad
  • Third Party Losses: When a person, a vehicle or a property is hurt or damaged due to your bike’s actions.

Bajaj Allianz Two Wheeler Insurance

Dependability, seamless services, innovative products, and a strong customer-oriented approach is what makes Bajaj Allianz one of the prominent sought after names when it comes to two wheeler insurance plans.

Features of Bajaj Allianz bike insurance:

  • Compensates for damage or loss to the two-wheeler caused by natural calamities like earthquakes, cyclones, floods, etc., and also manmade problems like theft, riots, terrorist activity, etc.
  • Offers third-party liability benefits, in case of property damage, accidental injury or death
  • Easy online policy renewal
  • Free services in chosen garages
  • 24X7 customer support providing instant assistance for any policy or service related issue
  • Quick and hassle-free claims settlement/support and various free services
  • SMS updates regarding the insured two wheeler’s claim status

Bharti AXA Two Wheeler Insurance

Bharti AXA two wheeler insurance offers insurance solutions for various insurance needs of buyers. It offers a wide range of insurance plans for various models of good two-wheeler manufacturers.

Features of Bharti AXA Two-Wheeler Insurance:

  • A Long-term, flexible policy offering discounts of up to 20 per cent
  • Offers a basic bike insurance coverage along with accidental coverage of Rs.1 Lakh for the pillion rider
  • Facility for buying and renewing two-wheeler insurance online
  • Immediate issuance of policy copy online
  • One-time premium
  • Multiple payment modes for convenient online premium payment
  • Discounts for Automobile Association members
  • Free servicing across cashless network garages in India
  • Efficient 24X7 customer support team quickly resolves claim-related and other policy-related issues
  • Offers add-ons for comprehensive insurance at an affordable insurance premium

Digit Two Wheeler Insurance

Buying Digit two wheeler insurance is advantageous at it offers comprehensive protection against any incurred third-party liabilities and own damages as well. The company was earlier founded by Mr Kamesh Goyal who was formerly the CEO of Bajaj Allianz.

Features provided in the Digit two wheeler insurance:

  • Avail cashless facility for repairmen at the registered network garages across the country
  • Tailor the plan as per the needs
  • Smartphone enabled claim settlement process
  • Make a call and your beauty will be picked up, repaired and dropped at your home

Edelweiss Two Wheeler Insurance

Buying Edelweiss two wheeler insurance policy is no task at all. You can easily buy the policy online and avail quick payment and renewal alternatives.

Features offered within Edelweiss two wheeler insurance:

  • Customize the two wheeler insurance plan as per your requirements
  • Personal accident cover available
  • Easy access to cashless garages

IFFCO Tokio Two Wheeler Insurance

IFFCO Tokio two wheeler insurance policy is pocket-friendly and caters to the needs of people from every walk of life with complete financial aid.

Features offered in IFFCO Tokio two wheeler insurance:

  • Hassle-free documentation process at the time of buying
  • The hassle-free and quick claim settlement process
  • An array of emergency services offered
  • Round-the-clock assistance services available

Kotak Mahindra Two Wheeler Insurance

Kotak Mahindra two wheeler insurance plans are a worthy investment, which provides complete protection and safeguards you from any unwanted fiscal cost due to any mishap or accident.

Features offered under the Kotak Mahindra two wheeler insurance policy:

  • The policy can be bought online and in an easy manner
  • Provides coverage against any third-party legal liabilities
  • Extensive range of additional covers offered
  • Quick renewal process

Liberty Two Wheeler Insurance

Liberty two wheeler insurance policy offers complete protection and takes care of every unfortunate damage or loss that could incur to the two-wheeled vehicle and any third-party property or person.

Features offered under the Liberty two wheeler insurance:

  • Quick claim settlement process within a week mostly
  • Advantage of cashless network garages/ workshops
  • Effective customer care support
  • Easy buying and renewal of the policy

National Two Wheeler Insurance

National two wheeler insurance policy protects your priced possession from any untoward incident.

Features offered within National two wheeler insurance:

  • Customize the insurance plan based on your needs
  • Can track the claim status online
  • Availability of No Claim Bonus (NCB)
  • Easy cashless claim service available

New India Assurance Two Wheeler Insurance

New India Assurance, a wholly government-owned firm, has not only developed a nationwide reach but has also established a strong global presence in over 27 countries.

Features of New India Assurance two-wheeler insurance:

  • Quick claims processing
  • Outstanding grievance resolution system – Grievances once reported are acknowledged within three days and resolved within 15 days

Navi Two Wheeler Insurance

Under any unfortunate mishap, Navi Two Wheeler Insurance will provide you with the correct coverage. Choose the correct type of plan, which suits your requirements and zero down a two-wheeler insurance policy and stay monetarily protected throughout every ride.

Features that are offered within Navi Two Wheeler Insurance:

  • The hassle-free online buying process
  • Ensure your two-wheeled beauty at the price starting from Rs. 586
  • Availability of cashless network garages PAN India
  • Ease in the claim settlement process

Oriental Two Wheeler Insurance

Oriental two wheeler insurance plans are designed in a way, which takes care of all the insurance needs and let you remain stress-free and have peace of mind.

Features offered under the Oriental two wheeler insurance:

  • Covers for a short span is available
  • Covers such as NIL depreciation personal accident, etc. are available
  • In case of installation of anti-theft device, discounts can be availed
  • Voluntary deductible with one or many plans

Reliance Two Wheeler Insurance

Reliance General Insurance is one of the prime insurance companies in India, offering excellent insurance policies for two-wheelers. With its comprehensive range of coverage and the wide-ranging services and features, the company makes it easy to understand why it remains a sought after option when it comes to bike insurance in India.

Features of Reliance General Two-wheeler Insurance are as follows:

  • Fast and hassle-free claim settlement via NEFT
  • Easy policy renewal tool options available online
  • No claim bonus (NCB), installation of anti-theft devices, membership of recognised Automobile Association etc., every year
  • Quick and hassle-free settlement of claims in case of damage/loss caused to the insured two-wheeler due to accidents, riots, theft, and various natural calamities, along with third-party liability cover
  • Free repair/replacement services in any of the 2,100 network garages across India, along with an INR 1,500 allowance on towing charges
  • 24X7 customer support accessibility via phone or email

SBI Two Wheeler Insurance

SBI General’s comprehensive two-wheeler insurance policy is one of the most sought after insurance products, thanks to its wide range of customer-centric offerings, features and benefits.

Features of SBI General Two-wheeler Insurance:

Customised pricing in line with the applicant’s specific profile
Additional discounts

Shriram Two Wheeler Insurance

Shriram two wheeler insurance plans are easily customizable, customer-friendly and at the same time transparent too. The plans are designed in such a way, which are customer-centric.

Features are as follows:

  • The status of NCB is transferable form any other insurance provider
  • Quick claim settlement procedure
  • Can easily tailor the policy based on the requirements
  • Unrestrained cashless claim service

TATA AIG Two Wheeler Insurance

It is difficult not to talk about TATA AIG when talking about India’s foremost two-wheeler insurance companies in India. With its comprehensive insurance for all two-wheelers, along with several important benefits, the company consistently ranks alongside the country’s finest insurance companies.

Features of TATA AIG Bike Insurance:

  • Free pick up of two-wheeler in case of accidents
  • Six-month warranty for accident repairs (For TATA AIG Auto secure policyholders)
  • Direct online claim filing option
  • Claim settlement assured within seven days
  • Covers total as well as partial loss of two-wheelers in case of accidents that lead to third party property damage/bodily injury
  • Add on covers available – No Claim Bonus protection, depreciation reimbursement, daily allowance, key replacement, return invoice, etc.
  • Compensates for loss of personal belongings inside the insured two-wheelers in case of an accident
  • Round-the-clock, dedicated customer service team that resolves any policy or service related issue in minimum turnaround time

United India Two Wheeler Insurance

United India two wheeler insurance provides financial security in case of any loss or damage incurred under any adverse situations.

Features of United India two wheeler insurance:

  • Fast and easy claim settlement process
  • An array of additional covers accessible
  • Various discounts offered on the NCB
  • Excellent customer support assistance

Universal Sompo Two Wheeler Insurance

Universal Sompo two wheeler insurance policy provides innovative solutions and fulfils the requirement of every two-wheeled owner.

Features of United Sompo two wheeler insurance:

  • The facility of cashless network garages across the nation
  • The simplified claim settlement process
  • Expeditiously handling of claims and queries
  • Dedicated customer support team
  • Personal accident cover available