Two-wheeler insurance or bike insurance provides financial cover against any damages or losses that you face, which are caused by accidents, theft, and even natural disasters. Two-wheeler insurance also protects the insured vehicle and its owner from any third-party liabilities if it is ever involved in an accident causing injury to any person or causes damage to another vehicle, or property of others.
Bike insurance is mandatory for owners of two-wheelers in India. Without motorcycle insurance, you could end up paying a hefty fine, face imprisonment for up to 3 months, or both. Even unintentional losses caused to third-parties may be payable.
Your bike insurance policy protects you from having to cover these third-party costs such as loss to property and medical expenses. Bike insurance is also essential as it provides financial security for your vehicle. If your vehicle is damaged without bike insurance, then the costs associated with repairs have to be paid by you.
In case of the untimely demise of a third-party, the compensation payable to the surviving members of the deceased person's family would also have to be borne by you if you do not have any two-wheeler insurance.
Purchase a two-wheeler insurance policy from Liberty General Insurance for your motorcycle for a host of attractive features such as:
Two-wheelers offer an affordable means of personal transport for people to commute in cities, towns, and even villages. In areas where travelling via cars or buses is a challenge due to harsh road conditions, it makes sense to own a two-wheeler. They are also incredibly economical and easy on the pocket when compared to cars. However, getting two-wheeler insurance is mandatory under The Motor Vehicles Act.
Apart from the third party liability insurance being mandatory, there are many reasons why you should have two wheeler insurance if you own a motorcycle or bike. This kind of insurance protects your asset – the vehicle if any damage occurs during accidents. It also protects others via third party protection, compensation to the affected parties, and even helps when property owned by others has been damaged. Bike insurance ensures that you have peace of mind always.
This bike insurance policy is valid for a year, and you need to pay the premium annually. It covers vehicle damage, injury to you, or a third-party. You can renew this policy conveniently via the LiveMobile app or on our website.
This unique two-wheeler insurance policy is an exclusive offering from Liberty General. The most significant benefit is that you can pay your premium once and get long-term coverage of up to three years! If you are a frequent biker, you should opt for this one-of-a-kind product.
Liberty General Insurance is a leading general insurance provider in India, with over 91% of all two-wheeler claims settled in the last financial year. Over 1200 dedicated employees, spread across over 110 locations in 29 states and 95 cities in India, provide comprehensive and dedicated support to service all your insurance needs. With over 4300 partner garages and 5000+ partner hospitals as part of an ever-growing network, Liberty General Insurance continues to increase its reach and influence in India while offering solutions to customers across a broad spectrum. Other offerings from Liberty General Insurance include health and personal accident insurance, car insurance, employee compensation insurance, commercial insurance, marine insurance, and fire, and engineering insurance, along with a host of customisable insurance products.
The insured declared value (IDV) of motorcycles, bikes, and scooters is the sum insured coverage provided as part of the bike insurance policy. The IDV is always based on the selling price listed by the manufacturer of the vehicle, the brand, and the model or variant at the time of commencement of the insurance policy or during renewal. This amount is also adjusted for depreciation.
IDV represents the current market value of your motor vehicle. When a claim is made, this is the maximum amount that can be expected by the insured party.
Understanding how to calculate your two-wheeler insurance premium on the Liberty General Insurance website is easy:
In India, it is mandatory to have at least third-party insurance cover, to protect against damage caused to others or their property in case of an accident. Third-party insurance cover is one of the main types of bike insurance available in the country. It protects the insured party from legal liabilities associated with the death/disability to third parties. Motorcycle insurance also secures the insured party against damage or loss caused to property. These policies also provide personal accident coverage for the insured party. There is no payout under third party cover when the motorcycle is lost, stolen, or damaged.
To learn more about the third party insurance policies available with Liberty General Insurance, click here.
Comprehensive motorcycle insurance policies are different, ad cover the liabilities covered by third party insurance while also offering additional protection to the two-wheelers and the insured party. There may be add-ons which are added to the comprehensive cover for two-wheeler insurance, and those that opt for long-term comprehensive motorcycle insurance policies may also have additional benefits such as:
If you would like to learn more about Liberty General Insurance's comprehensive motorcycle insurance policies, click here.
Buying bike insurance online offers a host of benefits such as:
(The term two wheeler referred to in this Policy will include motor cycle/scooter/auto cycle or any other motorized two wheeled vehicle mentioned in the Schedule.) Now This Policy Witnesseth: That subject to the Terms Exceptions and Conditions contained herein or endorsed or otherwise expressed hereon.
Bike insurance policy inclusions are divided into three sections, let us look at all of them:
Section I - Loss of or Damage to the Vehicle Insured
The company will indemnify the insured against loss or damage to the vehicle insured hereunder and its accessories whilst thereon:
Section II - Liability to Third Parties
Subject to the limits of liability as laid down in the schedule hereto; the company will indemnify the insured in the event of an accident caused by or arising out of the use of the insured vehicle against all sums which the insured shall become legally liable to pay in respect of-
Section III - Personal Accident Cover for Owner-Driver
Subject otherwise to the terms exceptions conditions and limitations of this policy, the company undertakes to pay compensation as per the following scale for bodily injury/ death sustained by the owner-driver of the vehicle in direct connection with the car insured whilst mounting into/dismounting from or travelling in the insured vehicle as a co-driver, caused by violent, accidental external and visible means which independent of any other cause shall within six calendar months of such injury result in:
| Nature of Injury | Scale of Compensation |
|---|---|
| i) Death | 100% |
| ii) Loss of two limbs or sight of two eyes or one limb and sight of one eye | 100% |
| iii) Loss of one limb or sight of one eye | 50% |
| iv) Permanent total disablement from injuries other than named above. | 100% |
Two-Wheeler Insurance Exclusions
The company will not be liable to indemnify the insured for the following:
If no claim is made or pending during the preceding year(s) of your two-wheeler insurance, you are eligible for a No Claim Bonus –
Additional Covers For Motorbike Insurance
You can avail of any of these add-on covers on your two-wheeler insurance policy:
1.Depreciation Cover
This cover includes the depreciation amount deducted on the value of replaced bike parts. The parts have to be damaged in an accident.
2.Consumables Cover
This cover includes expenses toward replacing vehicle consumables and accessories which are unfit for use or completely used. These accessories should have been damaged in an accident. Consumables and accessories include grease, lubricants clip, air conditioner's gas, bearings, engine oil, oil filter, fuel filter, brake oil, nuts and bolts, screws, and washers, and the like.
3.Gap Value Cover
This cover includes the difference amount between the amount received for a claim filed under the Own Damage (OD) Section and the vehicle value. The amount that qualifies under the Own Damage section is the Insured Declared Value (IDV) less deductibles under the policy. Your vehicle's value is the price per a purchase invoice OR the current replacement value if the same model isn't available. You can claim the lesser of two in the event of a theft or total loss or a Constructive Total Loss (CTL) of the vehicle. This cover also includes road tax and first-time registration charges if specifically declared, and an additional premium is paid.
4.Roadside Assistance Cover
You have access to roadside assistance in case of breakdown of the insured vehicle. Upon request, with a maximum of four claims related to any one or more of the following emergency assistance services during the policy period through the authorised vendor, these are the services for roadside assistance:
| S. No. | Featured benefits | Inclusion |
|---|---|---|
| 1 | Breakdown support over phone | Yes |
| 2 | Minor repair (onsite only) | Up to 50 Kms |
| 3 | Arrangement of emergency fuel (petrol only) in case the vehicle runs out of fuel (Cost of Fuel shall be paid by insured on the spot) | Up to 50 Kms |
| 4 | Flat Tyre Support | Up to 50 Kms |
| 5 | Assistance in case of lost keys | Up to 50 Kms |
| 6 | Transfer/ Towing due to major breakdowns | Up to 25 Kms |
| 7 | Alternative Transport assistance to the nearest safe location for the passengers of the vehicle (Taxi fare for the journey shall be borne by the customer and shall be payable directly to the provider on the spot) | Yes |
5. Engine Safe Cover
LGIs vehicle insurance for two-wheelers also extends to cover consequential damages to the Insured vehicle engine's internal child parts. These damages can arise out of water ingression/leakage of lubricating oil and damage to the gearbox. The leakage must happen only as a cause of an accident.
Under this cover, the company will compensate the insured for the following:
Bike insurance policy inclusions are divided into three sections, let us look at all of them:
Section I - Loss of or Damage to the Vehicle Insured
The company will indemnify the insured against loss or damage to the vehicle insured hereunder and its accessories whilst thereon:
Section II - Liability to Third Parties
Subject to the limits of liability as laid down in the schedule hereto; the company will indemnify the insured in the event of an accident caused by or arising out of the use of the insured vehicle against all sums which the insured shall become legally liable to pay in respect of-
Section III - Personal Accident Cover for Owner-Driver
Subject otherwise to the terms exceptions conditions and limitations of this policy, the company undertakes to pay compensation as per the following scale for bodily injury/ death sustained by the owner-driver of the vehicle in direct connection with the car insured whilst mounting into/dismounting from or travelling in the insured vehicle as a co-driver, caused by violent, accidental external and visible means which independent of any other cause shall within six calendar months of such injury result in:
| Nature of Injury | Scale of Compensation |
|---|---|
| i) Death | 100% |
| ii) Loss of two limbs or sight of two eyes or one limb and sight of one eye | 100% |
| iii) Loss of one limb or sight of one eye | 50% |
| iv) Permanent total disablement from injuries other than named above. | 100% |
Two-Wheeler Insurance Exclusions
The company will not be liable to indemnify the insured for the following:
If no claim is made or pending during the preceding year(s) of your two-wheeler insurance, you are eligible for a No Claim Bonus –
Additional Covers For Motorbike Insurance
You can avail of any of these add-on covers on your two-wheeler insurance policy:
1.Depreciation Cover
This cover includes the depreciation amount deducted on the value of replaced bike parts. The parts have to be damaged in an accident.
2.Consumables Cover
This cover includes expenses toward replacing vehicle consumables and accessories which are unfit for use or completely used. These accessories should have been damaged in an accident. Consumables and accessories include grease, lubricants clip, air conditioner's gas, bearings, engine oil, oil filter, fuel filter, brake oil, nuts and bolts, screws, and washers, and the like.
3.Gap Value Cover
This cover includes the difference amount between the amount received for a claim filed under the Own Damage (OD) Section and the vehicle value. The amount that qualifies under the Own Damage section is the Insured Declared Value (IDV) less deductibles under the policy. Your vehicle's value is the price per a purchase invoice OR the current replacement value if the same model isn't available. You can claim the lesser of two in the event of a theft or total loss or a Constructive Total Loss (CTL) of the vehicle. This cover also includes road tax and first-time registration charges if specifically declared, and an additional premium is paid.
4.Roadside Assistance Cover
You have access to roadside assistance in case of breakdown of the insured vehicle. Upon request, with a maximum of four claims related to any one or more of the following emergency assistance services during the policy period through the authorised vendor, these are the services for roadside assistance:
| S. No. | Featured benefits | Inclusion |
|---|---|---|
| 1 | Breakdown support over phone | Yes |
| 2 | Minor repair (onsite only) | Up to 50 Kms |
| 3 | Arrangement of emergency fuel (petrol only) in case the vehicle runs out of fuel (Cost of Fuel shall be paid by insured on the spot) | Up to 50 Kms |
| 4 | Flat Tyre Support | Up to 50 Kms |
| 5 | Assistance in case of lost keys | Up to 50 Kms |
| 6 | Transfer/ Towing due to major breakdowns | Up to 25 Kms |
| 7 | Alternative Transport assistance to the nearest safe location for the passengers of the vehicle (Taxi fare for the journey shall be borne by the customer and shall be payable directly to the provider on the spot) | Yes |
5.Engine Safe Cover
LGIs vehicle insurance for two-wheelers also extends to cover consequential damages to the Insured vehicle engine's internal child parts. These damages can arise out of water ingression/leakage of lubricating oil and damage to the gearbox. The leakage must happen only as a cause of an accident.
Under this cover, the company will compensate the insured for the following:
A. Yes. Bike insurance is mandatory in terms as per the terms of Motor Vehicles Act, 1988
A. Yes, bike insurance can easily be purchased online in India.
A. Bike insurance is a policy that covers two-wheelers against damages and losses against accidents or theft. One can buy bike insurance online or by visiting the insurance company branch in person.
A. Bike insurance can be of two types in India:
Liability only or third-party two-wheeler insurance - Third-party bike insurance is mandatory for every motor vehicle on Indian roads. It only covers against the loss or damage caused to a third party in case of an accident arising out of the insured vehicle's use. Liability-only bike insurance policies do not directly cover the insured vehicle or the insured party.
Comprehensive two-wheeler insurance - It is an all-inclusive bike insurance policy that provides third-party coverage and coverage to the insured party in cases of theft, damage, or loss of the motor vehicle.
A. Two wheeler insurance policies do not need to be renewed online every year in the case of a multi-year two-wheeler insurance policy. For a two-wheeler insurance policy where the term of insurance is one year, annual renewal is required.
A. Yes, bike insurance policy renewals can be done online with ease on the Liberty General Insurance website. Click here to renew your policy today!
A. A multi-year two-wheeler insurance policy can last for up to 3 years and must be renewed only when the policy term is about to end. Customers can choose between periods of 2 or 3 years at the time of issuance of the two-wheeler insurance policy.
A two-wheeler insurance policy can be affected by:
A. Zero depreciation cover is also known as a bumper to bumper bike insurance policy. Zero depreciation cover does not deduct for depreciation, thus offering complete cover. It means that if your vehicle gets damaged in an accident, no depreciation is subtracted from the coverage for depreciation, and the insurance company will pay out the entire cost of the body part for replacement.
A. Buying two-wheeler insurance online is easy via the insurer's website. You can purchase two wheeler insurance online from Liberty General Insurance here. When you buy two wheeler insurance online, you can also enjoy various benefits, make the purchase at your convenience, and get access to your new two-wheeler policy instantly.
A. Yes, you can buy bike insurance online for a multi-year term in the same manner as a regular annual bike insurance policy.
A. If you want to learn about the various terms and conditions around motorbike insurance, then looking for it online is a good idea. A bike insurance policy online allows instant insurance quotes, special offers on the bike policy, effective comparison between offerings, and the opportunity to complete the entire transaction online with zero paperwork or hassle.
A. Online insurance quote generators on the insurer's website allow for instant access to policy quotes, which can then be compared with others to find the perfect policy for you. Access the Liberty General Insurance quote generator here.
A. There are primarily two types of bike policy offered by Liberty General Insurance – a package policy and a third-party liability policy. You can access the various policy options available to you here. You can also avail of a selection of annual or multi-year policies and a host of add-ons based on your needs.
A. The five add-on covers to your existing or new two-wheeler insurance policy are:
A. Currently, there are over 4300+ network garages across the country that provide cashless cover in India. They can be found easily by using the Liberty General Insurance Garage locator tool.
A. You can call on 1800 266 5844 or register your claim via the website here.
A. There are currently 110 branches of Liberty General Insurance spread across 95 cities and 25 states around India. You can find the one closest to you easily by using our branch locator on the Liberty General Insurance website here.
A. When you buy a two-wheeler insurance policy online, you can use various payment options such as your credit or debit card, net banking, digital payment wallets, and even UPI.
A. When you buy a two-wheeler insurance policy online from Liberty General Insurance, personal accident cover is provided to the owner or rider. Pillion riders can also be covered under personal accident coverage by paying an extra premium. However, this personal accident cover is not provided in the case of their-party liability policies.
| Age of the vehicle | % of Depreciation for fixing IDV |
|---|---|
| Not exceeding 6 months | 5% |
| Exceeding 6 months but not exceeding 1 year | 15% |
| Exceeding 1 year but not exceeding 2 years | 20% |
| Exceeding 2 years but not exceeding 3 years | 30% |
| Exceeding 3 years but not exceeding 4 years | 40% |
| Exceeding 4 years but not exceeding 5 years | 50% |
A. The claim settlement ratio when you buy a two-wheeler insurance policy online from Liberty General Insurance is over 91%.
A. The depreciation schedule when you buy a two-wheeler insurance policy online is:
| Age of the vehicle | % of Depreciation for fixing IDV |
|---|---|
| Not exceeding 6 months | 5% |
| Exceeding 6 months but not exceeding 1 year | 15% |
| Exceeding 1 year but not exceeding 2 years | 20% |
| Exceeding 2 years but not exceeding 3 years | 30% |
| Exceeding 3 years but not exceeding 4 years | 40% |
| Exceeding 4 years but not exceeding 5 years | 50% |
A.When you buy a bike insurance policy online and need assistance while on the road, you need to contact the number mentioned in your policy and log your request for it to be serviced.
A. If you have forgotten to renew your bike insurance policy on time, you can always buy a bike insurance policy online. Inspection of the vehicle is not required, and upon successful payment when you purchase motorcycle insurance online, a policy copy is issued to you. This issuance of the policy copy also signals the start of coverage for your two-wheeler.
A. If you have a no-claim bonus eligible on your old policy but forgot to renew it on time, it may still be valid! When you buy a bike insurance policy online, the 'no claim bonus' may still be active for a period up to 90 days or as intimated by the insurer in the policy document.
A. To change the details when you buy bike insurance online, you need to raise a request here.
A. There are multiple options available to you in the case of a sale of your vehicle to another party. You can choose to transfer the policy to the new owner as a part of the sales process by furnishing documents such as the sale deed, form 29, seller's NOC, and NCB recovery. The no-claim bonus can be transferred towards a new vehicle's insurance policy, should you choose to purchase one. The policy can also be cancelled at the time of sale, allowing the new vehicle owner to buy insurance later.
A. Yes, you can get information related to motorcycle insurance directly from our support teams. To get in touch with them now, click here.
A. Over 5000 partner hospitals are instantly accessible when you purchase motorcycle insurance from Liberty General Insurance
A. Yes. Bike insurance is mandatory in terms as per the terms of Motor Vehicles Act, 1988
A. Yes, bike insurance can easily be purchased online in India.
A. Bike insurance is a policy that covers two-wheelers against damages and losses against accidents or theft. One can buy bike insurance online or by visiting the insurance company branch in person.
A. Bike insurance can be of two types in India:
Liability only or third-party two-wheeler insurance - Third-party bike insurance is mandatory for every motor vehicle on Indian roads. It only covers against the loss or damage caused to a third party in case of an accident arising out of the insured vehicle's use. Liability-only bike insurance policies do not directly cover the insured vehicle or the insured party.
Comprehensive two-wheeler insurance - It is an all-inclusive bike insurance policy that provides third-party coverage and coverage to the insured party in cases of theft, damage, or loss of the motor vehicle.
A. Two wheeler insurance policies do not need to be renewed online every year in the case of a multi-year two-wheeler insurance policy. For a two-wheeler insurance policy where the term of insurance is one year, annual renewal is required.
A. Yes, bike insurance policy renewals can be done online with ease on the Liberty General Insurance website. Click here to renew your policy today!
A. A multi-year two-wheeler insurance policy can last for up to 3 years and must be renewed only when the policy term is about to end. Customers can choose between periods of 2 or 3 years at the time of issuance of the two-wheeler insurance policy.
A two-wheeler insurance policy can be affected by:
A. Zero depreciation cover is also known as a bumper to bumper bike insurance policy. Zero depreciation cover does not deduct for depreciation, thus offering complete cover. It means that if your vehicle gets damaged in an accident, no depreciation is subtracted from the coverage for depreciation, and the insurance company will pay out the entire cost of the body part for replacement.
A. Buying two-wheeler insurance online is easy via the insurer's website. You can purchase two wheeler insurance online from Liberty General Insurance here. When you buy two wheeler insurance online, you can also enjoy various benefits, make the purchase at your convenience, and get access to your new two-wheeler policy instantly.
A. Yes, you can buy bike insurance online for a multi-year term in the same manner as a regular annual bike insurance policy.
A. If you want to learn about the various terms and conditions around motorbike insurance, then looking for it online is a good idea. A bike insurance policy online allows instant insurance quotes, special offers on the bike policy, effective comparison between offerings, and the opportunity to complete the entire transaction online with zero paperwork or hassle.
A. Online insurance quote generators on the insurer's website allow for instant access to policy quotes, which can then be compared with others to find the perfect policy for you. Access the Liberty General Insurance quote generator here.
A. There are primarily two types of bike policy offered by Liberty General Insurance – a package policy and a third-party liability policy. You can access the various policy options available to you here. You can also avail of a selection of annual or multi-year policies and a host of add-ons based on your needs.
A. The five add-on covers to your existing or new two-wheeler insurance policy are:
A. Currently, there are over 4300+ network garages across the country that provide cashless cover in India. They can be found easily by using the Liberty General Insurance Garage locator tool.
A. You can call on 1800 266 5844 or register your claim via the website here.
A. There are currently 110 branches of Liberty General Insurance spread across 95 cities and 25 states around India. You can find the one closest to you easily by using our branch locator on the Liberty General Insurance website here.
A. When you buy a two-wheeler insurance policy online, you can use various payment options such as your credit or debit card, net banking, digital payment wallets, and even UPI.
A. When you buy a two-wheeler insurance policy online from Liberty General Insurance, personal accident cover is provided to the owner or rider. Pillion riders can also be covered under personal accident coverage by paying an extra premium. However, this personal accident cover is not provided in the case of their-party liability policies.
| Age of the vehicle | % of Depreciation for fixing IDV |
|---|---|
| Not exceeding 6 months | 5% |
| Exceeding 6 months but not exceeding 1 year | 15% |
| Exceeding 1 year but not exceeding 2 years | 20% |
| Exceeding 2 years but not exceeding 3 years | 30% |
| Exceeding 3 years but not exceeding 4 years | 40% |
| Exceeding 4 years but not exceeding 5 years | 50% |
A. The claim settlement ratio when you buy a two-wheeler insurance policy online from Liberty General Insurance is over 91%.
A. The depreciation schedule when you buy a two-wheeler insurance policy online is:
| Age of the vehicle | % of Depreciation for fixing IDV |
|---|---|
| Not exceeding 6 months | 5% |
| Exceeding 6 months but not exceeding 1 year | 15% |
| Exceeding 1 year but not exceeding 2 years | 20% |
| Exceeding 2 years but not exceeding 3 years | 30% |
| Exceeding 3 years but not exceeding 4 years | 40% |
| Exceeding 4 years but not exceeding 5 years | 50% |
A.When you buy a bike insurance policy online and need assistance while on the road, you need to contact the number mentioned in your policy and log your request for it to be serviced.
A. If you have forgotten to renew your bike insurance policy on time, you can always buy a bike insurance policy online. Inspection of the vehicle is not required, and upon successful payment when you purchase motorcycle insurance online, a policy copy is issued to you. This issuance of the policy copy also signals the start of coverage for your two-wheeler.
A. If you have a no-claim bonus eligible on your old policy but forgot to renew it on time, it may still be valid! When you buy a bike insurance policy online, the 'no claim bonus' may still be active for a period up to 90 days or as intimated by the insurer in the policy document.
A. To change the details when you buy bike insurance online, you need to raise a request here.
A. There are multiple options available to you in the case of a sale of your vehicle to another party. You can choose to transfer the policy to the new owner as a part of the sales process by furnishing documents such as the sale deed, form 29, seller's NOC, and NCB recovery. The no-claim bonus can be transferred towards a new vehicle's insurance policy, should you choose to purchase one. The policy can also be cancelled at the time of sale, allowing the new vehicle owner to buy insurance later.
A. Yes, you can get information related to motorcycle insurance directly from our support teams. To get in touch with them now, click here.
A. Over 5000 partner hospitals are instantly accessible when you purchase motorcycle insurance from Liberty General Insurance