Bike Insurance
Buy/Renew Bike Insurance Policy Online in India, Up to 65% Off
Protect your bike with our unbeatable online deals! Whether you're buying new coverage or renewing your existing policy, save up to 65% on premiums. So, whether you want to buy/renew a bike insurance by Universe or make a claim, everything can be done online with our quick and simple smartphone-enabled processes.
What is Bike Insurance?
Bike insurance, also known as motorcycle insurance, is a type of financial protection that provides coverage for motorcycles, scooters, and other two-wheeled vehicles. It is designed to offer financial assistance in case of accidents, theft, or damage to the insured bike, as well as liability coverage for injuries or damages caused to third parties.
Bike insurance is essential for protecting yourself, your bike, and others on the road. Understanding the different types of coverage available and choosing a policy that meets your requirements can help you ride confidently knowing you are covered in case of unexpected events. Always review policy terms, conditions, and exclusions carefully before making a purchase to ensure you have the right level of protection for your needs.
Third-Party Liability Coverage:
Covers legal liabilities arising from injuries or damages caused to third parties (including pedestrians and other vehicles) by the insured bike.
Own Damage Coverage:
Protects the insured bike against damages due to accidents, fire, theft, vandalism, natural disasters, and more.
Personal Accident Cover:
Provides compensation for the policyholder in case of accidental death or disability while riding the insured bike.
Add-On Covers:
Optional additional coverage that can be purchased to enhance the policy, such as roadside assistance, accessories cover, engine protector, and more.
Important Statistics about bike Insurance in India
The average cost of bike insurance in India is shaped by numerous factors, such as the type of vehicle, location, age of the bike, driving record, and the kind of insurance purchased. Here are some key statistics for bike insurance in India:
Why Do You Need a Bike Insurance Policy?
Bike insurance serves as your financial safety net and is also legally required in India. Here are additional reasons why having a bike insurance policy is important:
Legal Requirement: In most countries, including India, having at least third-party liability insurance is mandatory by law to legally operate a bike on public roads. This insurance covers any damage or injury caused to third parties by your bike.
Financial Protection: Bike insurance provides financial protection against unforeseen events such as accidents, theft, fire, natural disasters, and vandalism. It covers the repair or replacement costs of your bike, which can be substantial depending on the extent of damage.
Personal Protection: Many bike insurance policies include personal accident cover, which provides compensation in case of accidental death or disability to the policyholder. This coverage can help cover medical expenses and provide financial support during recovery.
Peace of Mind: Knowing that you have insurance coverage gives you peace of mind while riding. You can focus on enjoying your ride without worrying about potential financial liabilities resulting from accidents or other mishaps.
Legal and Financial Consequences: Without insurance, you could face legal penalties and fines for non-compliance with insurance requirements. Moreover, if you cause an accident that results in injury or damage to others, you would be personally liable for compensation, which can be financially devastating.
