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- Why ICICI Lombard
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Up to 93% off on two-wheeler policiesI
Up to93% OFFon two-wheeler policiesI
- AI-backed claims for
quick processing - Service guarantee
on repairsH - Includes Personal
Accident cover
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Understand your vehicle registration number
Your vehicle registration number is the unique vehicle identification number issued by Regional Transport Office (RTO) and mentioned in your vehicle RC book. The vehicle registration number is printed on license plate and affixed to your vehicle.
Kindly note: While entering your vehicle registration number, please be careful about similar looking characters and number, like alphabet ‘O’ being used in place of number 0 or vice-versa.
- 1 The first two letters together indicates the state in India where the vehicle is registered.
- 2 The second group comprises two numbers, which represents RTO district code.
- 3 The last group is usually a unique combination of a character(s) and four digits. If it’s 0001, please enter all the four digits and not just 1.
Why do our customers love us?
ICICI Lombard is one of the most reliable general insurance companies in the market. Bike insurance is one of our most popular products with a legion of happy and loyal customers. Here are a few reasons why our customers love us:
6500+ cashless garagesB
for a hassle-free service
Instant claim approval
through IL Take Care app
24x7 customer support
Call centre Chat 300+ branchesC
What is a two-wheeler package
insurance policy?
Two-wheeler insurance is an insurance plan focused on protection and coverage for bikes. It covers the cost of repairs in the case of accidental damages to your bike. Apart from accidents, it also provides financial security from incidents like thefts, natural disasters, vandalism, etc. and third party liabilities.
Why choose ICICI Lombard bike insurance?
Instant online policy
24x7 roadside
assistanceD
Digital inspection for
claimsJ
6500+ all-India
cashless garagesB
Service guarantee on
repairs done at network
garageE
What are the different types of bike insurance policies?
Different people have different requirements when it comes to insurance coverage for their two-wheeler. To cater to their different needs, we have three main types of two-wheeler insurances.
Comprehensive policy
This two wheeler insurance plan protects the owner from the costs incurred in accidental damages to a third party as well as to own vehicle. You can even select add-ons by paying a nominal additional premium, to enhance your coverage under such cover. It also provides you with a personal accident cover of ₹15 lakh for accidental death and disability at a small additional premium.
Who is it suitable for?
If you already have an active third party policy for your two wheeler.
What does it cover?
- Accident
- Damage in transit
- Theft
- Third party liability
- Fire
- Personal accident#
- Natural calamities
- Add-onsG
Standalone own damage policy
Our stand-alone own damage two wheeler insurance plan covers the damages to your bike or scooter caused by natural disasters like earthquake, flood, cyclone, landslide, etc. or man-made disasters like theft, burglary, riot, strike, etc.
Who is it suitable for?
If you already have an active third party policy for your two wheeler.
<
What does it cover?
- Accident
- Natural calamities
- Theft
- Damage in transit
- Fire
- Add-onsG
Third party cover
This type of insurance policy covers you against legal liabilities arising out of an accident. Under this type of two wheeler insurance policy, if your bike causes injuries to a third party or his= surrounding property, then your insurer will take care of these expenses.
Who is it suitable for?
This type of policy is not recommended for any bike owner. Even if your bike is lying idle in parking, you still run the risk of theft, fire, parking accidents and more. Consider this only if you don’t mind paying for bike repairs out-of-pocket.
What does it cover?
- Third party property damage
- Injury to the third party
Benefits of having a bike insurance
Owning and riding a bike offers a lot of advantages. For example, buying and maintaining a two-wheeler is much cheaper and easier than a car. Despite these advantages, riding a bike is extremely dangerous when the condition of the roads are bad and there is heavy traffic. Also, factors like bad weather, road spills, rash driving by other drivers can harm you and your vehicle. Not to mention, bike theft has become a raging problem in recent years. Hence, having a reliable bike insurance policy is more of a necessity. Here are few benefits that two-wheeler insurance offers:
Financial protection
Roadside assistance
Coverage for spare parts
required in repairs
Coverage for bike theft
Coverage for accidental injuries
What is covered by ICICI Lombard two-wheeler package insurance policy?
Learn about your two wheeler insurance policy coverage in one glance.
- Inclusions
- Exclusions
-
Loss or damage to your two wheeler due to natural disasters
Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide. -
Personal accident cover#
₹15 lakh cover for the registered owner-driver of the bike or scooter while travelling in, getting on or off the two wheeler. You can also buy optional personal accident cover for co-passengers by paying an extra premium.
-
Loss or harm to your two wheeler against man-made disasters
Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, any damage in transit by road, rail, inland waterway, lift, elevator or air -
Third party legal liability
Protection against legal liability due to accidental damages resulting in the injury or death of a person or damage caused to the surrounding property.
- Wear & tear and ageing of the bike or scooter
- Wear & tear of tyres and tubes unless the vehicle is damaged in an accident, in which case we cover up to 50% of the replacement cost
- Depreciation or any consequential loss.
- Mechanical or electrical breakdown
- Harm to or by a person riding the two wheeler under the
influence of drugs or liquor - Loss or damage due to war, mutiny or nuclear risk
- Vehicle being used otherwise than in accordance with limitations as to use
This is an indicative list of inclusions and exclusions. For the full list, please refer to the policy wordings.
Policy documents: Standalone third party long term two wheeler insurance policy | Two wheeler vehicle liability policy | Two wheeler vehicle package policy | Stand-alone own damage two wheeler insurance policy | Bundled two wheeler policy
Key features of two wheeler insurance policy
Liability coverage
Own damage
coverage
Personal accident
cover
Add-on covers
No claim bonus
Cashless network
garages
Reasons to buy bike insurance online
Buying and managing bike insurance online is as easy as ordering food online. ICICI Lombard offers exceptional information technology infrastructure for you to buy two-wheeler insurance online. This offers you various advantages while buying a policy online. They include:
- 1
Instant quote
- 2
Instant policy issuance
- 3
Customising plan as per your needs
- 4
Transparency in process
- 5
Simple renewal
- 6
24/7 online support
- 7
Easy payment
How to choose the right bike insurance policy?
The right choice when it comes to selecting a policy has to be made carefully. The key to doing so effectively is to know what to look for, what would be right for you, and trying to find a balance between the two. Here are a few points you should focus on to select a good two-wheeler insurance policy:
- Coverage—type of policy, IDV, add-ons
- Cashless garage network
- Claim servicing
- Claim settlement ratio
- Customer feedback
How to effectively compare bike insurance premium?
We all love a good deal; insurance premium is no exception. A bike insurance quote may look appealing on the face of it, but do take a closer look before you make a decision so that there are no surprises at the time of claim. Here’s a step by step guide to do just that:
- 1
Premium break-up
Ask for a premium break-up and take a closer look at the components
- 2
Own damage premium
Look for own damage premium in your break-up. This is what actually covers your bike – damages, repairs and theft. If you are unable to find it, know that the policy won’t cover your accidental damages.
While checking for OD premium pay attention to the following 2 factors:
- 1.
IDV: IDV (Insured Declared Value). Your premium will be low if the IDV coverage is inadequate.
- 2.
NCB: NCB is the discount that you get if you have not made any claim in the previous policy year. To be eligible for this you must renew your policy within 90 days of expiry. The point worth noting is that, even though NCB brings down your premium, incorrect NCB will lead to claim rejection when you need it the most. So, get a genuine policy that will actually help you in your hour of need.
- 1.
- 3
Third party premium
This cover protects you in case you cause harm to any third party in an accident.
- 1. Up to ₹1 lakh worth of coverage for third party property damage.
- 2. Unlimited coverage in case of death or disability of another person. This amount is decided by court.
This premium is standard across all insurance companies.
- 4
Personal accident premium
It is mandatory to have a personal accident cover for the owner-driver of any vehicle. This cover is for an individual. So, you only need one such cover even if you own multiple vehicles.
- 5
Add-on premium
Check if your requested add-ons are present in the break-up. This will ensure that you get the coverage you have asked for and you are aware of the amount you are paying for them.
Why is bike insurance necessary?
Bike insurance offers a host of coverage features that can save you a lot of money and effort. These include coverage for repairing accidental damage to your bike, personal accident cover, and much more. Secondly, having an insurance policy while driving any vehicle is necessary. Being caught riding a bike without an insurance policy can lead to a fine of ₹2000 and/or imprisonment.
How to buy two wheeler insurance online?
Even though the process of buying bike insurance online is simple, different people can have a varied set of doubts. Here's what you need to do:
- 1
Visit the bike insurance page on our website.
- 2
Enter all the necessary details like your mobile no, email ID, bike registration number, registration year etc.
- 3
In the next step you can select the plan of your choice.
- 4
After the main selection, you can choose to edit your coverage as much as the insurance provider allows by selecting the right add-ons, deductibles etc.
- 5
When your selection is finished, you can make a payment through debit cards, credit cards, net-banking, etc.
- 6
You will then receive your policy documents through email.
What is NCB in bike insurance?
An abbreviation for no claim bonus, NCB is an extra benefit that is provided with a bike insurance policy. As per this benefit, each year that you go without making a claim on your policy, you will earn a bonus. This way, you end up reducing the cost of insurance with each passing year. Moreover, the percentage of bonus offered grows with back-to-back claim-free year until it reaches 50%. Hence, you can get a maximum of 50% of your premium as a no claim bonus if you don’t make a claim.
What is IDV in Bike
Insurance?
Known as insured declared value, IDV is a fixed and maximum amount of money that the insurance provider promises a customer in case his/her bike is damaged beyond repair in an accident or in case of a theft. This value depends on the market value of the bike at the time of purchasing the policy. As a result of depreciation, the IDV usually decreases with each policy renewal.
What impacts the insured's
declared value (IDV)?
An IDV in your policy is essentially your bike’s market value. For this reason, the premium of the policy also depends on the IDV. The IDV, in turn, depends on two factors. These include the selling price of the vehicle and the depreciation rate of the vehicle. The selling price of your bike will be a fixed value, hence there is no uncertainty there. However, a depreciation rate will bring your bike’s value down from the selling price with each passing year. This new value is the market value of your bike. Since IDV is essentially a payment of your market value in the case of a total loss of the vehicle, it will go down as your bike depreciates more.
What is zero depreciation
in bike insurance?
You might know that at the time of settling your claim for damages to your two wheeler, the insurance company deducts the depreciation value on your bike or scooter’s parts. The zero depreciation add-on offsets such depreciation at the time of a claim. This add-on is available at nominal extra premium.
How to calculate two wheeler insurance premium online?
Premium is one of the most important part of buying insurance. Hence, it is better to have an idea of what your coverage will cost you. However, due to the numerous factors involved, calculating premium manually is extremely difficult and tedious. Hence, you can use a two-wheeler insurance calculator to get a near-accurate quote for your coverage. Here is how you can calculate the premium:
- 1
Visit the bike insurance page on our website.
- 2
Enter all the necessary details like your mobile no, email ID, bike registration number, registration year etc.
- 3
Select the type of insurance policy you want to buy.
- 4
Submit all this data and our results will be shown to you on the screen in a matter of minutes.
Factors affecting
two-wheeler insurance
premium
Here is a list of factors that affect two-wheeler
insurance premium
- Bike’s market value
- Location of registration
- Bike’s make and model
- Claims history
- Age of the bike
How to claim on two wheeler insurance online?
There are two ways to make a claim on two-wheeler insurance. The first is a cashless claim and the other is a reimbursem*nt claim. The difference between the two is the way the settlement amount is provided. Here is a brief summary of a cashless claim process:
\
- 1
Call 1800 2666 or log in to IL Take Care app and raise a claim.
- 2
Use the InstaSpectJ option in IL TakeCare to complete vehicle inspection via live video streaming.
- 3
Our claims manager would provide an immediate repair approval post inspection, provided documents are in order.
- 4
Drop your damaged bike along with the requested documents at the nearest network garage.
- 5
Relax at home while we settle your claim with the garage.
- 6
Pick up the vehicle from the garage by paying the balance dues to the garage.
Tips for seamless claims experience for your two wheeler insurance
Claim calmly
It’s as easy as 1 – 2 – 3
1
Call 1800 2666 or log in to IL Take Care app and raise a claim.
2
Drop off your damaged bike to the nearest network garage where surveyor evaluates the damages and approves the claim.
3
Sit back and relax at home while we get your repaired bike delivered to you.
What’s more, you get quality assurance** on the repairs done at the network garage and get home pick-up and drop of your bike at selected locations.
How to renew a two-wheeler insurance policy?
Renewals are an important part of having bike insurance. Since the policy has a tenure of one year mostly, it requires renewal every year to keep the coverage intact. If you fail to do so, your coverage lapses and you have to go through the hassle of buying a new policy again.
- 1
To renew the policy, log on to our website.
- 2
Fill the required details like your vehicle, your current coverage, etc.
- 3
Make a payment through debit cards, credit cards, net-banking, etc. As soon as the process is finished you will receive your policy through email.
How to renew an expired two wheeler insurance policy?
If you miss the due date of the renewal of your policy, your policy is considered to be expired. At this point, your coverage would be discontinued. You can renew the policy online, however, we may request for an inspection of the vehicle since there was a break in coverage.
Hence, we recommend you always renew before the due date.
Bike insurance price for different two wheelers
Similar to other types of insurances, you cannot put a fixed price on a bike insurance policy. Each policy serves different coverage requirements for different vehicles. The two factors that play a major role in the price of the bike insurance are the amount of coverage and cubic capacity of the engine of the two-wheeler. Since the amount of coverage in comprehensive policies depends on a host of factors, it is almost impossible to say beforehand what a comprehensive policy may cost. However, a third-party policy is uniform across insurers. Based on the cubic capacity of a bike, here are the prices of third-party bike insurance policy:
| Cubic capacity of the bike | Third party insurance price |
|---|---|
| Less than 75 cc | ₹538 |
| 75 – 150 cc | ₹714 |
| 150 – 350 cc | ₹1,366 |
| More than 350 cc | ₹2,804 |
The above table contains the rates for FY 2022-2023. These prices are subject to change, as per the rates shared by the authority.
Compare ICICI Lombard two-wheeler insurance policies
See which plan works for you:
| Coverage and benefits | Two wheeler vehicle package policy | Stand-alone own-damage two wheeler insurance | Third party two wheeler vehicle liability only policy |
|---|---|---|---|
| Damage to own vehicle | |||
| Theft | |||
| NCB: Up to 50% bonus for not claiming in previous policy year | |||
| Add-ons at additional cost | |||
| Damage to surrounding property | |||
| Third party’s death or injury | |||
| ₹15 lakh personal accident coverage for registered owner-driver | |||
| Cashless claim settlement at network garages | |||
| Digital inspection on the IL Take Care app using Instaspect |
Two wheeler insurance blog articles
Read more articles
Additional frequently asked questions about bike insurance
In case I change my job and location, what happens to my two-wheeler insurance policy?
Once the break-in inspection request is raised online, how long does it take to get the policy?
Once you raise a request, the inspection will happen within 48 hours. Once the inspection is complete, you will receive your policy immediately.
What are the documents required to buy a bike insurance online?
You don’t need to provide any documents while getting the insurance for the first time. You only need to share your details along with the details of your vehicle. Typically, renewals also do not require you to submit any documents. All you need to do is provide us with the right details about your bike and the existing policy. Be sure to provide the correct and relevant details while buying the policy online.
Can I take insurance policies from 2 different companies for the same vehicle at the same time?
No, you cannot do so.
Reviews and ratings
-
4.6
-
Our customers have rated us
Based on 293 reviews
Manoranjan Maity
My interaction with the ICICI Lombard team was nothing short of excellent. They guided me perfectly through the complexities of the process of buying two wheeler insurance and responded to all my queries like experts. I am happy with the way it went.
Prashant Takawale
Very good service provided by your agent. I am satisfied with the way he responded to my queries and provided suggestions regarding the bike insurance policy. He really simplified the whole process for me. Thanks.
Subrahmanyam Kancharla
I received clear and transparent information about the product from your customer service associate. She emphasised the importance of inclusions like third party liability and personal accident cover while making sure I didn’t have any doubts in my head. She was a great support throughout. I’d like to give her 10 out of 10 for the service.
Andrew Dsouza
The representative at ICICI Lombard was very helpful, patient, and clear while explaining the two wheeler policy to us. We had a few queries that needed solving before we could make a decision. Not only did he clarify our doubts but he also made sure we understood the product perfectly. Thanks!
Amit Tamore
Nice guidance and assistance offered on behalf of your salesperson. He shared his knowledge of the product with me and helped me understand its various features and benefits, such as towing assistance and cashless garages. I am grateful for the support.
Naresh Kumar Jain
Very good experience with ICICI Lombard. The agent was a thorough professional and did everything he could to make the transaction a smooth one. Thanks for making me feel at ease.
Read all reviews
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| Product | Product Code | UIN no. |
|---|---|---|
| Two wheeler vehicle package policy | 3005 | IRDAN115RP0015V05201415 |
| Standalone third party long term two wheeler insurance policy | 3005/A | IRDAN115RP0016V01201415 |
| Two wheeler vehicle liability policy | 3005 | IRDAN115RP0016V01200102 |
| Stand-alone own damage two wheeler insurance policy | 3005/O | IRDAN115RP0002V02201920 |
| Bundled two wheeler policy | 3005 | IRDAN115RP0019V01202122 |
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