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Secure your Two Wheeler with just ₹843. Understand your policy, and buy insurance, all in one place.

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Illustration of two young men, one standing and the other sitting on a blue motorcycle, with a cityscape in the background.

What is Bike Insurance?

Definition and Purpose

Bike insurance, also known as motorcycle insurance, provides financial protection against physical damage or bodily injury resulting from traffic collisions, theft, or other incidents involving your bike. It can also offer liability coverage against damage to other people's property or injury to other individuals.

Features of Aero’s Two-Wheeler Insurance Policy

FeatureDetails
Bike Insurance PremiumPlans start at Rs.843*
Third-Party LiabilityCovered
Own Damage (OD) CoverAvailable with the Comprehensive Bike Policy
No Claim Bonus (NCB)Up to 50% discount for 5 claim-free years
Personal Accident (PA) CoverAvailable. Coverage up to Rs. 15 lakhs for permanent disability/death
Claim SettlementOnline with paperless and cashless experience. Instant claim settlements (within 2 days) for minor damages
Cashless Repair ServiceAvailable at network garages
Buying/RenewalInstant two-wheeler insurance renewal
Paperless ExperienceAvailable

Types of Two-Wheeler Insurance Policies

Additionally, you can purchase the mandatory Personal Accident (PA) cover through our website or app. Here’s a breakdown of the different bike insurance types

 

 

Comparison of Bike Insurance Policies

CoverageThird-partyStandalone Own-damageComprehensive
Damage/loss to your bike
Theft of your two-wheeler
Damages to third-party vehicle/property
Third-party injury/death
NCB discount up to 50%
Cashless claims
Online transactions

 

Factors Influencing Bike Insurance Premiums

Save money on you bike insurance

Here are a few points that you can keep in mind to save on bike insurance premiums. Note that these tips are for purchasing a Comprehensive 2 Wheeler Insurance Policy.

Choose Bike policy wisely

Insuring a two-wheeler with comprehensive coverage costs more. Analyze your coverage needs carefully and select only what is necessary for your bike.

Use Your NCB Discount

Utilize the No Claim Bonus (NCB) discount during policy renewal, even if you switch insurers. NCB rewards you for claim-free years and significantly reduces your premium.

Renew Your Policy on Time

Always renew your bike insurance policy before it expires to retain NCB benefits. Delaying renewal by more than 90 days can lead to losing this discount and paying higher premiums.

Know Your Two-Wheeler’s Correct Value

Understanding the accurate market value of your bike or scooter can save you money. If the Insured Declared Value (IDV) is higher than your vehicle's actual worth, adjusting it lower can decrease your insurance premium.

Anti-theft Devices

Install ARAI-certified anti-theft devices on your vehicle. Insurance companies offer discounts on premiums as these devices reduce the risk of theft, demonstrating responsible ownership.

Opt for Voluntary Deductible

Voluntary Deductible allows you to choose an amount to pay out of pocket during a claim. Increasing this deductible amount can lower your premium, especially if you expect not to make claims.

How to Raise a Claim for Bike Insurance Online

You can purchase or renew your bike insurance policy online quickly and conveniently by following these straightforward steps:

Tips for a Smooth Claim Process

Be Honest: Provide accurate information. Misrepresentation can lead to claim denial.

Follow Up: Stay in touch with your insurer and follow up on the status of your claim regularly.

Documents Required for Filing a Bike Insurance Claim

Documents Required for Filing a Bike Insurance Claim Check

When filing a claim under your bike insurance, make sure you have the following documents:

  • Driving Licence (DL)
  • Bike’s Registration Certificate (RC)
  • Proof of identification of the policyholder
  • Bike Insurance Policy
  • Original two-wheeler keys
  • First Information Report (FIR), if required
  • Non-traceable Certificate (If required)
  • Fire brigade report (if lodged)
  • Original repair bills
  • Original payment/cash receipts
Bike Insurance Price

Bike Insurance Price

Bike insurance premiums can vary based on the type of coverage and the cubic capacity (CC) of the vehicle’s engine.

Comprehensive Bike Insurance prices depend on the coverage amount and can vary significantly. On the other hand, Third-party Insurance prices are determined by the bike’s engine cubic capacity, offering a more predictable cost.

Here are the Third-party Two-wheeler Insurance prices for FY 2024-25. Prices are subject to change as per the IRDAI.

Cubic Capacity (CC) of the Two-wheeler
Cubic Capacity (CC) 1 Year Third-party Bike Insurance Price 5 Year Third-party Bike Insurance Price
Less than 75cc Rs. 538 Rs. 2,901
75cc to 150cc Rs. 714 Rs. 3,851
150cc to 350cc Rs. 1,366 Rs. 7,365
More than 350cc Rs. 2,804 Rs. 15,117

Note: Prices mentioned above are indicative and subject to change. Please consult with your insurer for the most accurate and updated pricing information.

Frequently
Asked Questions

Bike insurance is a financial product that provides coverage for motorcycles, scooters, and other similar vehicles in case of accidents, theft, or damage. It helps protect riders from financial liabilities and ensures they can repair or replace their bike when needed.

Important information:

  1. Provides coverage against accidents, theft, and damage.
  2. Helps mitigate financial liabilities.
  3. Ensures peace of mind for riders.

IDV for your bike policy as per your choice (from a range) while buying/renewing your bike insurance policy from us. You can use our two-wheeler insurance calculator for the same. However, keep in mind that setting the correct IDV is essential as it decides the sum insured amount for the policy. Setting it too low can reduce the premium, but the claim amount will be less in case of total loss. Similarly, setting it too high will increase the premium.

  • Yes, bike insurance is necessary even if you ride occasionally. It provides financial protection against unexpected events such as accidents, theft, or damage, which can occur regardless of how frequently you ride. Without insurance, you could be personally liable for costly repairs or compensation to others involved in an accident.

    Important information:

    • Insurance provides coverage for accidents and theft, regardless of riding frequency.
    • It ensures financial protection against unexpected expenses.
    • Legal requirements may mandate having insurance even for occasional riders.
  •  
  • If your bike is stolen or damaged while parked in a public place, your insurance coverage will depend on the type of policy you have. Comprehensive insurance typically covers theft and damages caused by vandalism or natural disasters. However, if you only have third-party liability insurance, it won't cover theft or damages to your own bike. In such cases, filing a police report immediately is crucial for insurance claims.

    Important information:

    • Comprehensive insurance generally covers theft and damage in public places.
    • Third-party liability insurance typically does not cover theft or damage to your bike.
    • Timely reporting to the police is essential for insurance claims related to theft.
  •  

It depends on your insurance policy. Some insurers offer coverage for modifications, but you need to declare these modifications when purchasing the policy. Failure to disclose modifications could lead to coverage denial in case of a claim. It's advisable to check with your insurer to understand their policy regarding modifications and whether additional coverage or a special endorsement is needed.

Important information:

  • Modifications should be declared to your insurer when purchasing the policy.
  • Coverage for modifications may require additional premiums or special endorsements.
  • Non-disclosure of modifications could affect claim settlements.

Yes, you can transfer your bike insurance policy to the new owner if you sell your motorcycle. Most insurers allow policy transfer with proper documentation and verification of the new owner's details. It's important to notify your insurer about the sale and transfer request to avoid any lapse in coverage. The new owner will loose their NCB value

Important information:

  • Policy transfer requires proper documentation and verification of the new owner's details.
  • Notification to the insurer about the sale is crucial to avoid coverage lapses.
  • The new owner may need to meet insurer criteria to continue the policy, such as age and riding experience.

To get support, you can reach us through the following channels:

1. Phone: Call us at +91 7800095199 to speak directly with a support representative. Our team is available to assist you during our business hours.

2. Email: You can also email us at Support@aeroinsurance.in. Send your inquiries or concerns via email, and our support team will respond promptly to address your needs.

When contacting us for support, please provide relevant details such as your policy number, contact information, and a clear description of the issue or assistance you require. This information helps us efficiently resolve your query and provide you with the assistance you need. We strive to ensure a seamless support experience and are committed to assisting you effectively.

Δ Insurance policies are available to individuals and businesses meeting our eligibility criteria. Eligibility criteria may include, but are not limited to, residency, age, and vehicle type. The specifics of these criteria will be communicated during the application process. Applicants must provide accurate and complete information during the application process. Any misrepresentation or omission of relevant information may result in policy cancellation or denial of claims. It is the responsibility of the applicant to ensure all details provided are truthful and up-to-date.

° Premiums can be paid through various methods, including credit/debit cards, net banking, and EMI options where applicable. All payments must be made within the specified due dates to avoid policy lapse. Late payments may incur additional fees or result in the termination of the policy. Monthly pricing is available if you choose the EMI option, starting at an interest rate of 15.99% p.a. over a 12-month tenure. Exact pricing will be confirmed by your card issuer, subject to your card issuer’s terms and conditions. EMI payments are designed to make premium payments more manageable over time.

Δ Our policies cover a range of incidents including, but not limited to, theft, accidental damage, and third-party liability. Specific coverage details are outlined in the policy documents provided at the time of purchase. Customers are encouraged to review these documents carefully to understand the extent of their coverage.Customers can opt for additional coverage options, such as zero depreciation, roadside assistance, and engine protection. These add-ons are subject to additional premiums and can be selected at the time of policy purchase or renewal. Each add-on provides specific benefits that enhance the basic coverage of the policy.

° Claims must be reported immediately through our helpline or online portal. Supporting documents and evidence must be provided as required, including but not limited to, police reports, photographs, and repair bills. Timely reporting and submission of accurate documentation can expedite the claims process.Claims will be processed and settled as per the terms outlined in the policy document. Settlement time may vary based on the complexity of the claim and completeness of documentation. Aero Insurance strives to process all claims efficiently and fairly, ensuring customers receive the benefits they are entitled to.

Δ Policies can be canceled within the free look period of 15 days from the date of receipt of the policy document. During this period, customers can review the terms and conditions of their policy and cancel if they are not satisfied. Post the free look period, cancellation terms will apply as per the policy, which may include penalties or reduced refunds.

Δ Refunds will be processed as per the policy terms. The refund amount may be adjusted for any claims paid and administrative charges incurred. Customers should review their policy documents for detailed information on the refund process and any applicable deductions.

° Personal data collected during the application process and throughout the policy term will be used in accordance with our privacy policy. Aero Insurance is committed to protecting customer privacy and ensuring that personal data is secure and used only for legitimate purposes related to policy administration and claims processing. As of now, Aero Insurance does not hold a direct broker license. We operate through Point of Sales (POS) accounts of Policybazaar Insurance Brokers Private Limited, Girnar Insurance Brokers Private Limited, and D2C Insurance Broking Pvt. Ltd. These accounts are registered under the names of our founders and manager. Additionally, we hold individual agent codes from multiple insurance companies, enabling us to provide a wide range of insurance products and services. Customers can be assured of the legitimacy and reliability of the insurance products offered through these partnerships. We may share your data with third-party service providers for policy administration, claims processing, and other related services. These providers are contractually obligated to protect your data and use it only for the purposes specified by Aero Insurance.

Aero Insurance reserves the right to modify these terms and conditions at any time. Updated terms will be posted on our website and will become effective upon posting. Customers are encouraged to review the terms and conditions periodically to stay informed about any changes. For any queries or support, please contact our customer service at +91 7800095199 or email us at support@aeroinsurance.in Our customer service team is available to assist with policy inquiries, claims assistance, and other support needs.