Two-wheeler insurance is a contract of financial indemnity essential for every bike owner.
Its mandatory nature stems from the Motor Vehicles Act, which requires every vehicle to have a Third-Party plan to safeguard public interest. Beyond this legal requirement, a Comprehensive policy protects your finances from unexpected losses. For instance, an accident can lead to costly repairs, or theft can mean a complete loss of the asset. Our policy is designed to offer protection from various risks, including fire, man-made disasters, and natural disasters like floods. When you buy bike insurance online with us, you secure protection against high costs, ensuring your savings are preserved.
Owning a bike comes with responsibilities, making two-wheeler insurance a necessity for several crucial reasons:
A good bike insurance policy is built on a foundation of reliable features designed for maximum coverage and convenience:
Access to a wide network of authorised garages for cashless repairs, ensuring zero upfront payment (excluding deductibles) for covered damages.
A valuable discount (up to 50%) on your premium at bike insurance renewal if you make no claims during the previous year.
Personal Accident Cover is a mandatory cover providing financial support to the owner-driver in case of accidental injury, disability, or death.
Add Ons is an option to purchase 10+ covers, such as Engine Protect and Zero Depreciation, to significantly enhance your policy’s protection.
Provides financial compensation equivalent to the bike's IDV (Insured Declared Value) if your two-wheeler is stolen and not recovered.
Enables simple, immediate online bike insurance renewal, ensuring continuous coverage with zero paperwork.
Access to round-the-clock claim and emergency assistance support from the insurer, simplifying the process when you need it most.
The ability to choose the Insured Declared Value (IDV), which determines the maximum claim payout for total loss.
When you buy bike insurance online, selecting the right policy type is crucial. We offer four primary types of two-wheeler insurance plans, giving you the flexibility to choose the best coverage based on your bike's age, usage, and financial risk appetite.
| Policy Type | What it covers | Ideal For | Premium range | Pros | Cons |
|---|---|---|---|---|---|
Legal liability for damage, injury, or death caused to a third person or property by your bike. | Older bikes (5+ years old) or minimal-use vehicles; legally mandatory cover. | Lowest | Legally compliant; the most affordable way to get insurance. | Does not cover any damage to your own bike or personal injuries. | |
Damage or loss to your own car from accidents, theft, fire, or natural calamities | Used only in conjunction with a mandatory Third-Party cover. | Moderate | Covers accidental damage to your bike; eligible for valuable NCB benefits. | Does not cover third-party liabilities; requires a separate TP policy. | |
Combines Third-Party liability with Own Damage cover for all-around protection. | New bikes or high-value models; owners seeking complete | Highest | Complete protection (OD + TP) allows for the purchase of critical add-ons. | Higher premium compared to the other two options. | |
Long-term 2-3 year policies | Full Comprehensive or TP coverage for a longer tenure (2 or 3 years). | All bike owners who want hassle-free, discounted coverage and to lock in rates. | Economical (Long-Term) | Discounted premium, protects against annual premium hikes; hassle-free bike insurance renewal. | The entire premium for the full tenure must be paid up front. |
Bundled TP + OD Policies | A plan mandated for new bikes (5-year TP + 1-year OD) at the time of purchase. | New two-wheeler purchases (less than 1 year old). | Variable | Ensures long-term legal compliance and immediate damage protection. | Cannot be customized or renewed partially until the TP tenure ends. |
Enhance your online two-wheeler insurance protection significantly by selecting smart add-on covers. These options convert your comprehensive policy into a tailored financial shield:
Zero Depreciation Cover Also known as 'Bumper to Bumper' cover. Ensures full claim payment without deducting the cost for the depreciation of fibre, plastic, or metal parts. Highly recommended for new bikes.
Engine Protection Cover repairs costs for engine and gearbox damage caused by water ingression (like during floods) or lubricant leakage, which a standard policy typically excludes.
Roadside Assistance Cover provides 24x7 support for services like towing after a breakdown, flat tyre change, emergency fuel delivery, and minor on-site repairs while travelling.
Return to Invoice is an essential cover for new bikes. In case of theft or total loss, you receive the full on-road purchase price (including registration and road tax).
Covers the cost of consumables like nuts, bolts, screws, engine oil, and grease used during the repair of your bike after an accident.
An optional cover that provides a payout for the replacement or repair of the rider's helmet damaged in an accident.
Extends the mandatory personal accident cover to the pillion rider, offering them financial compensation in case of accidental injury or death.
Allows you to retain your valuable No Claim Bonus (NCB) even after making one claim during the policy tenure
Key Replacement Covers the high cost of replacing your bike keys and/or ignition lock assembly if they are lost, stolen, or accidentally damaged.
Provides coverage for non-standard, legally fitted accessories (like designer seats or imported exhausts) that are damaged or stolen with the bike.
The process to buy bike insurance online or complete your bike insurance renewal with Jio is quick, simple, and entirely paperless. Follow these six easy steps to get your policy instantly:
Provide your bike's registration number, make, model, variant, and details of your previous policy (including expiry date).
Instantly review and compare personalised premium quotes from our wide network of 21+ insurers. This helps you find the best coverage at the lowest premium.
Choose the correct Insured Declared Value (IDV), which determines the maximum amount you will receive in case of total loss or theft.
Customise your policy by selecting essential add-ons like Zero Depreciation, Engine Protect Cover, and Roadside Assistance (RSA) for enhanced financial protection.
Provide basic KYC information, including your name, contact details, and registered address.
Complete the secure digital payment and instantly receive your new policy document via email and WhatsApp.
To facilitate a quick and paperless purchase or bike insurance renewal online, you only need to keep a few key documents handy for reference and verification:
Choosing Jio Insurance Broking Ltd. for your two-wheeler insurance ensures you benefit from a platform committed to speed, competitive pricing, and reliable service. We guarantee a smooth and secure experience by offering.
Our technology provides the quickest quote comparison, letting you instantly find the best plan.
We offer the lowest premium options by comparing policies from a wide network of 50+ insurers.
Receive your policy copy immediately via email after payment, ensuring instant policy download and zero waiting period.
Access round-the-clock 24x7 claim assistance and support for any policy or claim queries you may have.
Choose the best coverage from our large network of top insurers in the industry.
Our process allows for easy and hassle-free expired policy renewal with minimal inspection requirements.
Opting for the digital channel to buy bike insurance online or manage your bike insurance renewal offers significant advantages in terms of convenience and savings compared to traditional methods:
Instantly compare quotes and complete the transaction in minutes, avoiding lengthy calls and meetings with agents.
Online platforms often offer exclusive discounts and lower premiums due to reduced operational costs.
Our platform facilitates quick comparison of different policies, features, and prices from various insurers side-by-side.
The entire process, from application to receiving the policy, is digital, supporting fully paperless transactions.
You receive your digital policy document immediately, ensuring instant policy issuance and eliminating any waiting period
All transactions are processed through highly secure payment gateways, guaranteeing safe online payment.
Bike insurance renewal is the process of paying the premium to extend your policy before the expiry date. It is critical to secure continuous coverage for your bike, as a gap leads to a loss of coverage and exposes you to severe financial risk and legal liabilities. Continuous renewal helps you retain your valuable NCB impact, leading to potential savings.
The online bike insurance renewal process with Jio Insurance Broking Ltd is fast and easy, designed to follow clear, numbered steps for clarity and conversion:
1. Enter Details: Visit the Jio portal and enter your bike's registration number and the previous policy number.
2. Review Premium: The system will instantly display your renewed premium, incorporating your current NCB discount.
3. Customise Plan: Select your desired IDV and choose any new add-ons like Zero Depreciation.
4. Secure Payment: Make a secure digital payment using your preferred method (card, UPI, net banking).
5. Instant Policy: Download your renewed policy document immediately via email and the Jio app.
Renewing an expired online bike insurance policy requires special attention. Firstly, you will face an inspection requirement by an authorised surveyor before a new policy can be issued. Secondly, you will likely face an increased premium and suffer a significant NCB loss. The primary risk, however, is driving without insurance penalties until the new policy is active.
To ensure you get the best value when you renew your bike insurance, follow these effective cost-saving strategies:
1. Renew Before Expiry: Always complete your renewal before expiry to retain your full No Claim Bonus (NCB).
2. Choose the Right IDV: Select an IDV that accurately matches the current market value of your bike to avoid overpaying on the premium.
3. Opt for Voluntary Deductible: Opt for a voluntary deductible (agreeing to pay a fixed amount upfront) to lower your premium amount.
4. Avoid Small Claims: Avoid filing claims for minor damages to maximise your accumulated NCB discount at renewal.
When looking to buy bike insurance online, selecting the right plan involves looking beyond the cheapest premium. Focus on these critical factors for long-term peace of mind:
Filing a claim should be a smooth experience. Our transparent process is designed to get your bike back on the road quickly, whether you choose cashless or reimbursement.
1. Cashless Settlement: This option is the quickest. Use one of our network garages, and the insurer pays the repair bill directly. You only pay the compulsory deductible and any uncovered costs.
2. Reimbursement Settlement: If you use a non-network garage, you pay the full repair cost upfront. The insurer then verifies all original invoices and reimburses the approved amount to your bank account.
1. Immediate Notification: Immediately contact Jio Insurance via the app or helpline. Do this before moving the bike from the accident site.
2. Surveyor Inspection: A surveyor will be assigned immediately to inspect the damage. Do not begin repairs without their approval.
3. FIR Filing (If required): File a First Information Report (FIR) with the police in cases involving theft, third-party injury, or major accidents.
4. Repair & Settlement: The insurer authorises the repair. They settle the bill directly (cashless), or you submit the bills for reimbursement.
Duly filled Claim Form.
Copy of the Two-Wheeler Insurance policy and a valid Driving License.
Copy of the bike's Registration Certificate (RC).
Original FIR copy (if applicable).
Original repair invoices and payment receipts (for reimbursement claims).
1. Riding without a License: The rider was operating the bike without a valid license or was under the influence of alcohol.
2. Policy Lapse: The damage occurred when the bike insurance renewal had lapsed and the policy was inactive.
3. Breach of Policy: Using the bike for commercial purposes when the policy is registered for private use.
4. Unapproved Repairs: Repairs were started before the surveyor's inspection and authorisation.
1. Renew on Time: Ensure your bike insurance renewal is completed before the expiry date.
2. Call First: In case of an incident, call the insurer immediately before starting any repairs.
3. Understand Exclusions: Be aware of the policy Exclusions to avoid filing non-covered claims.
4. Carry Valid Documents: Always ensure the rider has a valid Driving License.
After you buy bike insurance online or complete your bike insurance renewal, receiving the digital policy is instant. Follow these steps if you need to download your document:
Understanding the core terminology of your two-wheeler insurance policy is essential for navigating the purchase, renewal, and claim process smoothly.
| Term | Defination |
|---|---|
IDV (Insured Declared Value) | The current market value of your two-wheeler, representing the maximum sum the insurer will pay in case of total loss or theft. |
NCB (No Claim Bonus) | A reward, up to 50% discount, offered on your renewal premium for making zero claims during the preceding policy year. |
Premium | The fixed amount you pay to the insurer to maintain active bike insurance coverage for a specific period. |
Deductible | The compulsory fixed amount that you, the policyholder, must pay out of pocket before the insurer covers the remainder of the claim amount. |
Zero Depreciation (Zero-Dep) | An add-on that waives the deduction for the normal depreciation of parts (fibre, plastic, metal) during a claim. |
Third-party Liability | The mandatory cover that pays for legal and financial costs resulting from damage or injury caused to a third person by your bike. |
Personal Accident (PA) Cover | Mandatory financial compensation provided to the owner-driver in case of accidental injury, disability, or death while riding. |
Total Loss | A scenario where the cost of repairs exceeds 75% of the vehicle’s IDV, leading the insurer to declare the bike non-repairable and pay the full IDV. |
Salvage | The remaining value of a totally damaged bike, which the insurer may take possession of after paying out the total loss claim. |
Depreciation | The natural decrease in the monetary value of the bike and its parts over time due to wear and tear. |
Endorsement | A document that records any legal change or modification made to the existing policy document after its initial issuance. |
Rider | An additional benefit, synonymous with an add-on, that can be purchased to enhance the base policy's financial coverage. |
Roadside Assistance (RSA) | An add-on offering 24x7 services like emergency towing, flat tyre repair, and minor on-site mechanical repairs. |
Consumables Cover | An add-on that covers the cost of consumables (engine oil, nuts, bolts, screws) used during the bike's repair after an accident. |
Voluntary Deductible | An extra amount you willingly agree to pay during a claim to receive a discount on your annual premium. |
Third-party covers damage or injury to others only. Own-Damage covers loss or damage to your specific bike only. Comprehensive bike insurance combines both covers, offering the most complete protection against fire, theft, natural calamities, and third-party liabilities in one plan.
The premium is calculated based on factors including the bike's Insured Declared Value (IDV), its make and model, the geographical location, and the bike's age. Any earned No Claim Bonus (NCB) discount and the choice of add-on covers also significantly impact the final premium amount.
IDV is the current market value of your bike and represents the maximum payout you will receive from the insurer in the event of theft or total loss. It is calculated by subtracting the depreciation value from the manufacturer’s selling price of the bike model.
NCB is a discount offered on the renewal premium for not filing any claims in the previous policy year. It starts at 20% and can accumulate up to 50%. You retain it by ensuring your bike insurance renewal is done on time and by choosing to avoid filing claims for very minor damages.
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“The online quote system was simple to use with clear options. The additional options are well laid out and explained on the website, so I knew exactly what I could buy and compare to what I want. Hence renewed my two-wheeler policy online without any trouble. Excellent website”
IT Manager
Jio Insurance Broking Limited
IRDAI License No: 347,
Direct Broker (Life & General),
Valid upto: 11/03/2028
(Renewable)
For customers:
customer.care@jioinsure.inFor partners:
posp.support@jioinsure.in(9.30 AM - 6.30 PM, Monday to Friday)
U67200MH2006PLC165651
1st Floor, Building - 4NA, Maker Maxity, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra - 400051
Discount is offered by the insurance company as approved by IRDAI for the product under file & use guidelines.
Insurance is a subject matter of the solicitation. For more details on policy terms, conditions, exclusions, limitations, please refer/read policy brochure carefully before concluding sale.
Disclaimer: *Savings result from comparing the highest and lowest premiums for own damage coverage (excluding add-ons) offered by various insurers for the same vehicle, with identical IDV and NCB.
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