Question 1

Is two-wheeler insurance compulsory?

Accepted Answer

Yes. At least third-party liability insurance is required to ride legally on public roads in India. Riding without valid insurance attracts penalties.

Question 2

What is long-term two-wheeler insurance?

Accepted Answer

IRDAI allows multi-year third-party policies for new vehicles (up to 5 years for bikes). Comprehensive policies may still be annual depending on the insurer.

Question 3

How is bike IDV determined?

Accepted Answer

IDV is based on manufacturer’s listed price minus depreciation by age. You can choose a lower IDV within insurer limits to reduce premium.

Question 4

Does bike insurance cover accessories?

Accepted Answer

Electrical and non-electrical accessories may need to be declared and insured separately for own-damage claims. Undeclared accessories may not be covered.

Question 5

Can I transfer NCB to a new bike?

Accepted Answer

NCB belongs to the policyholder, not the vehicle. You can usually transfer accumulated NCB when you buy insurance for a new two-wheeler in your name.

Two-Wheeler Insurance in India

Bike Insurance plans

Frequently Asked Questions