Best Bike Insurance 2026 India: Kaunsi Policy aur Kahan Se Leni Chahiye? INSURANCE IMPACT

You'll agree with me one point won't you Today people go to buy an Everi scooter or bike At the very least it's a cost of one lakh rupees And this is just the beginning After that expenses like petrol servicing maintenance and the like never stop And Mengai has a door through which more and more travelers are now entering on loan Now with this dealers and bike manufacturers are absolutely thrilled But whose risk is all this whose risk is it Yours Just imagine what if this bike were stolen Or if a major crisis occurs neither will the bank's EMI payments be feasible And we don't even have these bikes available for use Having a two-wheeler insurance policy is essential to cover this risk But the real question is do you actually know what types of damage are covered under your bike insurance policy What is first-party and third-party bike insurance Which bike insurance policy should we choose for a costly bike—comprehensive or third-party coverage Which insurance policy would best for an old bike that doesn't run well This video will turn you into almost an expert on bike insurance So that next time you go to the agent to renew your policy you'll be all set And at the end of the day it's not just about money—it's also about peace of mind and having a calm composed mindset is essential So let's uncover the secrets and hidden truths about the best bike insurance policy that no one has ever told you If an accident occurs involving any bike or two-wheeler it can result in two types of damage Suppose I'm riding a bike one risk is damage to my own bike and the other is to me A bicycle could potentially harm another person or cause damage to the same vehicle I can cover both of these under my Bike Insurance policy I need a valid Bike Insurance policy on hand for this Within which both of these coverages are provided There are two types of bike insurance or two-wheeler insurance policies based on coverage The first is a third-party insurance policy You only receive a claim for the damage sustained by the party directly ahead of you I can't file a claim for my bike And legally driving a vehicle on legally Indian roads requires A third-party insurance policy is absolutely mandatory The second type is first-party comprehensive insurance Both damages are covered within it That means I can also file a claim for what happened to my bike And if the party across from me files a third-party claim against me So that debt will also be my insurance company's responsibility Because both are covered under this first-party policy Thus it is also known as Comprehensive Insurance or First Party Insurance Now which of these two bike insurance policies should you choose I'll also explain this to you in more detail in the video ahead But first let's find out What insurance do we get with a new bike or do we need to obtain it ourselves Until before 2019 when getting a new bike You only needed to purchase a one-year comprehensive insurance policy But many people did not renew their insurance after the first year Then an accident involving someone on this bike occurs They filed a third-party claim against the bike owner And both parties meet in court Kod had seen that Kun would provide the compensation The bike doesn't even have insurance Then Kode decided that whenever a Twiller or bike was purchased A third-party warranty valid for five years is required upon purchase That means your bike will also be covered under insurance for the first year Coverage will also be provided for third parties The third-party premium for the next four years An advance payment is taken from you the moment you decide to purchase the new bike That no one else gets hurt by this bike Thus the compensation can be covered by this insurance policy One year completed If you need coverage for your bike over the next four years Do you want to cover the potential damage to the bike You'll need to renew your Own Damaged Policy every year Also known as an OD Policy If you don't do it this way You won't receive any coverage for your bike at all This policy is known as Now it's gotten to the point where people are asking what types of policies there are Now let's discuss a First Party Comprehensive Policy What coverage do you receive The biggest drawback of a bike or a two-wheeler is Or perhaps the bike was stolen Or become such a huge one-eyed monster That this bike can no longer be repaired at all In such cases the details recorded in the insurance policy are as follows: The IDV is received The IDV is fully applicable Insured Declared Value In any case of loss or damage involving the insurance company The maximum liability under this IDV could be the highest How many IDVs can we apply now That is not the case IRD has established a fixed formula for this Let's understand him Suppose I bought a new bike today Its showroom price is one lakh rupees As soon as you buy a new bike Inside the first insurance my IDV is A tax of 5% less than the original rate will be applied That means she demands 95 000 rupees A year has passed My bike's first renewal is coming up A 15% discount will be applied from the showroom price The value of my bike this year will be 85 000 rupees Next year the depreciation on Renival will be 20% Next year 30% the following year 40% On the fifth renewal there will be a 50% depreciation The value of a bike with a license now includes insurance coverage Fifty thousand rupees remain Five years after this type of slab or B depletion has occurred It's not a chart Any insurance company might also appraise your bike at a higher value It might even feel minimal This is the agreement between the insurance company and the insured i e the person covered by the policy You can take the policy from whichever company offers you greater value Now many people will also wonder who even checks online—I tend to assign too much value The company will take the money and nobody makes a fuss when it's time to pay But when the claim comes they will follow IRDA's guidelines And only according to the age and depreciation slab of your bike or twowheeler The IDV claim will be issued It's no longer necessary for the bike to be stolen by Dakley or for an accident to occur—it just needs to be something significant Small accidents do occur from time to time For this the edge of a bicycle or a two-wheeler is examined The older the bike the more its parts will need replacing Parts that are replaced are subject to a disposal fee That part has become so old along with the bike We won't be able to provide a full claim if we supply a new part A slab from the department But if you want this kind of deduction to not apply to your claim amount when parts are replaced Doing this your bike will be three years old or four years old regardless No part of the MRP will be deducted the full MRP claim will be granted But this zero depreciation cover is only available to you for the first four years Some companies continue to offer it even after a year but then it gradually becomes more expensive We should now include zero depreciation coverage with every bike or two-wheeler under our policy But now I'm going to tell you about something you absolutely must get if you're buying an expensive bike I once had a really expensive bike worth five lakh six lakh eight lakh rupees and it got stolen two years later But the bike won't be arriving today from that I'd Vee as the ex-showroom price is different and besides that I've already paid for insurance and the RC costs have also added up significantly If your bike is totally lost or stolen after taking the Add-on you will only receive the IDV claim from IFA The owner's price you receive at the time you sold the bike includes the bike's ex-showroom price plus the insurance amount you paid plus the registration charges all added together So if your bike is quite heavy these pedals are definitely something you should get Moreover if your city experiences heavy rainfall voter logging occurs and water accumulates The bike or tooler must be taken across the water You can also add engine protection if desired If water enters the engine and causes damage due to its presence It will also cover this insurance policy Now friends finally comes the most crucial part and this is it Personal Accident Cover for Owner Driver That is the registered owner of this bike is If the person whose name is in the RC is the one riding this bike then If they die in an accident while riding the same bike Any disability occurs when an important part of the body stops functioning Claims under this cover can be made by hand foot or eye In addition minor disabilities are also covered within this Now whoever among my dear viewers is watching this video and has their Twitter handle registered under their name It doesn’t cost much— you get coverage for a year for between three hundred and four hundred rupees And you know how risky it is to travel on Indian roads whether on a bike or a two-wheeler given the conditions of Indian traffic Now I've mentioned to you three or four optional covers here This is an optional cover meaning it's an add-on so this coverage is not included in the standard first-party comprehensive policy Add any additional coverage you feel is necessary to your policy You're discussing whether to go with a first-party comprehensive policy with add-ons or a third-party insurance policy So it's a completely simple formula If you want your two-wheeler insurance policy to cover any damage to this bike or two-wheeler You should get a first-party comprehensive policy You can also add any risks I've mentioned in the policy as per the risk assessment But if your bike is very old rarely ridden and an accident were to happen to it So you don't need to file a claim for your bike since either it's not in that condition or you're not interested in making a claim in which case you should get a third-party insurance policy Doing this means your legal liability is covered—your bike won’t be towed and if any third party files a claim against us their own third-party policy will cover it But please do take my advice: when you buy a new bike make sure to renew your own damage policy every year for the next four years after the first year Because the bike's valve is quite high at that time the risk is also greater so an artist should definitely protect their bike during that period You might wonder friends whether we've decided on the insurance policy too—yes we've already reviewed and understood the coverage but where exactly should we buy this policy now Every day we see online ads for policies on platforms like Policybazaar Fino Pay and more If it falls within the 75-150 CC range a fixed premium will be charged to you You'll get the same price no matter where you buy the policy from any company—no variation no difference So it doesn’t matter where you buy this insurance just keep one thing in mind when purchasing a policy because if you buy this policy online without any expert assistance Don't accidentally issue a policy with incorrect details somewhere If you're not particularly comfortable using mobile apps Then purchase this policy directly from an agent or showroom You'll never get this bat repaired after an accident Thus you gain access to the cashless repair service That means you won't have to pay the dealer an advance for the repair The direct insurance company and the dealer have already settled this claim If there's any difference in amount in the middle you'll just need to cover that yourself But you might even get a cheaper premium through an agent That means the policy is available for a very low price and the chances of making a claim are low Then you'll probably prefer going with the agent And along with this you also receive personal support from your agent You receive individual attention and can seek advice from them on any matter You won't get it at a showroom or dealer's place Ultimately it's up to you to decide whether you need price and support Or do you need the cashless repair facility Now tell me even after providing such detailed information If someone makes a mistake whose loss is it Yours Share this information with your friends and family Please share this so they don’t make a mistake when buying their two-wheeler policy Today I’m explaining to you the coverage add-ons and policy details of a two-wheeler insurance ypes and where to obtain these policies—everything you need to know You'll be reminded the next time you're due to renew your bike insurance So perhaps some things might also come up with your agent If you enjoyed the video please subscribe to the channel and if you do so If you want to understand and learn about insurance explore these resources You've now learned the best way to get bike insurance but here's the thing What is the step-by-step process to file a claim under an insurance policy I've made a separate dedicated video for you — check it out Don't miss it—I'm Harvinder Singh see you in the next video Until then Take care stay fit and stay healthy Jaihin