Two-wheeler insurance is a type of insurance that is mandatory in India. Falling under the General insurance product category, it helps protect people against accidents that take place on the road. Active two-wheeler insurance shields the vehicle owner from any unforeseen occurrences like accidents or serious damage to the motor vehicle. A two-wheeler insurance policy is provided by any of the authorized insurance companies registered under the Insurance Regulatory Development Authority of India (IRDAI).

The law mandates that anyone riding a two-wheeler must have an insurance policy covering the owner of the vehicle against any unanticipated situations or accidents, or the vehicle against damage. The vehicle is protected against damage caused due to natural disasters such as storms, floods, landslides, earthquakes, and more. Additionally, it also covers damage caused by theft, fire, accidents, riots, and explosions.

Reasons to Have Vehicle Insurance:

• If you have bought a new bike, you must purchase an insurance policy as mandated by the Motor Vehicles Act of the Government of India.
• Policies cover damage to the bike from natural calamities like floods, earthquakes, and fire. Claims can be made under these circumstances.
• For many bike owners with limited resources, insurance helps avoid the burden of unforeseen expenses due to accidents or theft.
• With third-party bike insurance, you can file a claim for damages to the other vehicle (the third party) involved in an accident.