Bike insurance companies

According to the rules of the Motor Vehicles Act, 1988, a bike insurance policy is a necessary requirement if you have a bike. The policy protects the policyholder from facing a financial liability in case of any third party liability. Moreover, if a comprehensive bike insurance policy is selected, the damages suffered by the bike itself are also covered. The insurance company pays the repair costs incurred in repairing such damages.

Since a bike insurance policy is mandatory, almost all general insurance companies offer a bike insurance policy. Amidst such companies are both Government insurance companies as well as private ones.

List of bike insurance companies in India

Private Bike Insurance Companies Government Bike Insurance Companies
Bajaj Allianz General Insurance Company Limited National Insurance Company Limited
Reliance General Insurance Company Limited The New India Assurance Company Limited
Liberty General Insurance Company Limited The Oriental Insurance Company Limited
SBI General Insurance Company Limited United India Insurance Company Limited
Universal Sompo General Insurance Company Limited
HDFC Ergo General Insurance Company Limited
TATA AIG General Insurance Company Limited
ICICI Lombard General Insurance Company Limited
Royal Sundaram General Insurance Company Limited
Cholamandalam MS General Insurance Company Limited
Future Generali India Insurance Company Limited
Shriram General Insurance Company Limited
Bharti AXA General Insurance Company Limited
Raheja QBE General Insurance Company Limited
Magma HDI General Insurance Company Limited
Kotak Mahindra General Insurance Company Limited
DHFL General Insurance Company Limited
Acko General Insurance Company Limited
Go Digit General Insurance Company Limited
IFFCO Tokio General Insurance Company Limited

Top bike insurance companies

Here are some of the best two-wheeler insurance companies in India along with their respective plans:

Comapny name Plan name Salient features
Bharti AXA
  • Third party liability coverage
  • Comprehensive plan
  • Long-term plan
  • Personal accident cover under all plans at a very low premium
  • More than 3000 garages for cashless claims
  • Two add-on covers for a comprehensive scope of protection
  • Long term plan is available for 2 or 3 years
IFFCO Tokio Two-wheeler insurance policy
  • 24*7 helpline for claim assistance
  • Inbuilt personal accident cover
Reliance General Insurance
  • Two-wheeler insurance plan
  • Long term two-wheeler insurance plan
  • Easy claim settlement with minimal paper-work
  • Continued coverage for 3 years under the long term plan
  • Attractive premium discounts
HDFC ERGO
  • Long term two-wheeler comprehensive insurance
  • Two-wheeler liability only multiyear insurance
  • Two-wheeler insurance for brand and model
  • Three different plans for different needs
  • Option of coverage of up to 3 years under long-term plans
  • Long-term plans are available for comprehensive and third party cover
Bajaj Allianz
  • Two-wheeler insurance
  • Two-wheeler insurance – long term policy
  • Hassle-free inspection process
  • 24*7 claim assistance over the telephone
  • Option to choose coverage of 1 year or 3 years
New India Two-wheeler insurance
  • Two covers available – liability only and package policy
  • Add-on covers are available
Liberty General Insurance
  • Two wheeler package policy
  • Two wheeler multiyear policy
  • Both annual and long term policies are available
  • Comprehensive scope of coverage is provided in both plans
Universal Sompo
  • Motor two-wheeler insurance policy
  • Two wheeler long term package policy
  • Add-on covers are available for increasing the scope of cover
  • Discount is available for choosing a high voluntary excess
  • Lon term policy is available for two or three years