The essentials for financially securing your two-wheeler


26 Oct 2023

Protecting Your Two-Wheeler: The Must-Know Essentials of Bike Insurance

Bike insurance plays an important role in securing your two-wheeler against accidents financially, theft and other unforeseen circumstances. Owning a two-wheeler offers convenience, flexibility and the freedom to cross through traffic with ease. It's crucial to protect your prized possession from potential risks and uncertainties on the road. Kotak general insurance provides the essentials for financially securing your two-wheeler through bike insurance.

Understand the types of bike insurance

There are two primary types of bike insurance: third-party liability insurance and comprehensive insurance. Third-party liability insurance is compulsory by law and covers damages and injuries caused to third parties in an accident involving your two-wheeler. On the other hand, comprehensive insurance offers broader coverage, including third-party liability as well as coverage for damages to your own bike due to accidents, theft and more. Understanding the differences between these two types of insurance is important in ensuring you choose the right coverage for your needs.

Evaluate the coverage

Look for coverage options that align with your requirements and budget. When selecting bike insurance, it's important to evaluate the coverage provided. Consider factors such as the insured declared value (IDV) of your bike, which determines the maximum amount you can claim in case of a total loss or theft. Additionally, check for add-on covers that offer extra protection, such as zero depreciation cover, roadside assistance and personal accident cover for the rider. Assessing the coverage comprehensively will help you make a decision and ensure enough protection for your two-wheeler.

Maintain no claim bonus (NCB)

If you have a good claims history, ensure that you maintain your NCB by renewing your policy on time and without any claims. No claim bonus (NCB) is a reward given for not making any claims during the policy period. It can significantly reduce your two-wheeler insurance price over time. NCB can accumulate up to 50% over several claim-free years, resulting in substantial savings on your bike insurance price.

Renew your policy timely

Grace periods are offered for renewal, but it's best to renew on time to avoid any challenges. To maintain continuous coverage and avoid lapses in insurance, it's crucial to renew your bike insurance policy before it expires. Additionally, renewing your policy on time ensures that you retain your NCB and continue to enjoy the benefits of comprehensive coverage.

Follow safe riding practices

Adhering to safe riding practices reduces the likelihood of accidents and the need to make claims. While bike insurance provides protection financially, it's equally important to prioritize your safety on the road. By maintaining a good track record of safe riding, you not only protect yourself but also contribute to lower insurance premiums in the long run. Obey traffic rules, wear appropriate safety gear and practice defensive driving.


Financially securing your two-wheeler through bike insurance is important for protecting your investment from on road mishaps. Bike insurance is a valuable tool to protect your financial well-being in case of accidents or unforeseen events. Prioritise your two-wheeler's security and enjoy the freedom of riding with confidence along with kotak bike insurance.

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Team Kotak GIC

The content of this blog has been created and carefully reviewed by the esteemed team at Kotak General Insurance, with the sole purpose of providing valuable guidance and sharing insights on the importance of general insurance. Our objective is to assist users in making informed decisions when purchasing or renewing insurance policies for their cars, bikes, and health. Our expertly curated information aims to empower our readers with the knowledge they need to protect their valuable assets and financial interests.