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NRI

Bike Insurance

Buying Bike Insurance from ICICI Direct is Simpler

Insure Your Two Wheeler In Less Than 5 Min

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Bike Insurance

Prices starting at just ₹538/yr*

*This amount refers to the TP rates only

Key Features of Bike Insurance

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Service guarantee
on repairs

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Includes Personal Accident cover

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AI-backed claims for quick processing

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Types of Bike Insurance

You can choose to insure your bike with the below types of two wheeler insurance:

Third Party Insurance

✓ Insure your bike against third party damages, death and disability; it also covers third party property damages.

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Comprehensive Insurance

✓ Insure your bike against own damages as well as third party damages.

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Standalone Bike Insurance

✓ This policy covers any damage cause to bike by accident. A two wheeler insurance plan known as a standalone own damage bike insurance enables to maintain coverage against damage to bike and not the third party involved in the collision.

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Bike Insurance Add-ons

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Zero Depreciation Cover

Zero depreciation, bumper to bumper, and nil depreciation provides you with complete coverage without depreciating the value of the bike parts including lubricants, brackets, accessories, and wear and tear.

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Personal Accident (PA) Cover

This add on offers coverage up to Rs. 15 lakh to driver in case of injury, death or disability caused due to an accident.

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Roadside Assistant Cover

Round-the-clock assistance is provided in case of breakdown of the bike in an emergency situation.

Reasons to Buy Bike Insurance Online

Car Insurance should be renewed before expiry of the current policy to ensure that your asset is insured and financially protected in case of any accidents

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No Need for an Insurance Agent

Online purchase of bike insurance eliminates the need for an insurance agent. In case of a doubt, you can always contact the insurer and get it cleared.

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Instant Policy Issuance

When you buy a bike insurance policy online, your policy is issued to you almost instantly. You don’t have to wait for days to receive your policy document.

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Easy Customization

All you have to do at renewal time is customize your policy with the add-on you think is best for your car

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Secured and Transparent

we provide our customers with a secure payment gateway and ensure that their transactions are not vulnerable to fraud

Own Damage Bike Insurance Inclusion and Exclusions

Two Wheeler Insurance Inclusions
 Two Wheeler Insurance Exclusions
Damages to the bike in case of an accident
Damages caused when driving under the influence of alcohol
Financial protection of the bike against natural or man-made calamities
Damages caused due to war or nuclear strike
Coverage agains theft
Damages caused when riding without a valid driving license and RC
Personal accident cover of up to Rs. 15 lakh for the owner driver in case of any damages caused due to an accident
Regular wear and tear of the vehicle is not covered

Factors considered when calculating Bike Insurance Premium

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Insured Declared Value (IDV)

of bike is a primary component for calculating the bike insurance premium. IDV value is nothing but the approximate current market value of a bike.

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Type of Cover

There are three primary types of bike insurance plans in India Third-Party Liability-Only , Standalone Own Damage (OD), Comprehensive Bike Insurance

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Type of Bike (Make and Model)

Expensive bikes mean a higher financial liability for the insurer. As a result, the premium for high-end bikes is higher than a standard bike that costs less than Rs. 1 lakh.

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Age of Vehicle (Year of Manufacturing)

The IDV or Insured Declared Value of the bike decreases with age. So, older bikes have a lower IDV. The lower the IDV is, the lower will be the insurance premium and vice versa.

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NCB

If you are renewing your policy and have not filed any claim in the previous year, you are entitled to receive NCB. It is 20% in the first claim-free year and increases by up to 50% in the fifth claim-free year.

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Add-ons taken in the plan

The add-ons you take can significantly impact the cost of your bike insurance. Add-ons such as medical cover, passenger cover, accessories cover, etc., can come in handy at times.

Disclaimer :+

The information mentioned herein above is only for consumption by the client and such material should not be redistributed.

ICICI Securities Ltd. ( I-Sec). Registered office - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec acts as a Composite Corporate agent having registration number –CA0113. Corporate Agent of ICICI Prudential Life Insurance Company Ltd, HDFC Life Insurance Company Limited, ICICI Lombard General Insurance Company Ltd, Care Health Insurance Ltd, Star Health and Allied Insurance Ltd, HDFC ERGO General Insurance Company Limited, ManipalCigna Health Insurance Company Ltd, Aditya Birla Health Insurance Co. Limited, Tata AIG General Insurance Company Limited & Go Digit General Insurance Limited. Please note, Insurance related services are not Exchange traded products and I-Sec is acting as a corporate agent to solicit these products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing.Insurance is the subject matter of the solicitation. The advertisement contains only an indication of the cover offered. For more details on risk factors, terms, conditions and exclusions, please read the sales brochure carefully before concluding a sale. ICICI Securities Ltd. does not underwrite the risk or act as an insurer.

By clicking on above advertisement, you understand and agree to allow ICICI Securities Ltd to contact you through Calls, SMSs, Emails etc. to offer you other products and services of ICICI Securities, on all days (including Sundays), irrespective of your preference.

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