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What Our Plans Cover
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Third-party bodily injury and deat...
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Third-party property damage up to...
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Own damage from collision
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Fire
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Theft of the vehicle
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Natural calamities
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Riot
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Damage in transit by road
Who Can Consider This Plan?
- Vehicle registered in India with a valid registration certificate
- Valid driving licence for the class of vehicle
- Vehicle fit for use — a failed fitness certificate affects commercial cover
- Accurate declaration of use: private, commercial, or hired out
- Previous insurance details, where no-claim bonus is being carried forward
What May Not Be Covered?
- Own damage under a third-party-only policy — the most common gap of all
- Normal wear, tear and mechanical or electrical breakdown
- Depreciation on replaced parts, unless zero depreciation is added
- Consumables — oil, coolant, nuts and bolts — unless the add-on is taken
- Riding without a valid licence, or under the influence
Always check the policy wording before you commit.
Why Choose Wealth & Covers?
- Expert advice to choose the right plan
- Plans from leading insurance companies
- Hassle-free process and documentation
- End-to-end support, including claim assistance
- Dedicated relationship manager
Our Insurance Partners
- Star Health Insurance
- Care Health Insurance
- Niva Bupa Health Insurance
- HDFC ERGO
- ICICI Lombard
- Bajaj Allianz
We represent multiple providers to help you find the most suitable option at the best price.
- Expert Guidance Personalised advice from experienced insurance professionals.
- End-to-End Support From choosing the right plan to claim assistance, we are with you always.
- Claims Assistance Hassle-free claim support to ensure you get what you deserve.
- Transparent Process Clear information, easy documentation and a hassle-free experience.
Overview
Two-wheeler insurance has two halves that behave completely differently. The third-party half is compulsory under the Motor Vehicles Act, priced by the regulator, and pays other people for what you damage. The own-damage half is optional, priced by the insurer, and is the only part that pays for your own bike.
Riders routinely buy the compulsory half and believe they are covered. They are not. A third-party-only policy leaves the entire cost of repairing or replacing your own vehicle with you, along with the theft risk that two-wheelers carry more heavily than any other class.
The other structural point specific to two-wheelers is the personal accident cover on the owner-driver. Riders are exposed in a way car occupants are not, and the compulsory cover attached to the policy is a floor rather than a plan.
Who should consider it
Every registered two-wheeler owner needs at least third-party cover — riding without it is an offence. Comprehensive cover is the sensible default for any bike less than about eight years old, and for any bike whose replacement would be a real expense for the household.
If the bike is old, low in value and used rarely, third-party plus a decent personal accident policy may genuinely be the rational choice. That is a calculation, not a default, and we will run it with you rather than talk you into a larger policy.
Benefits
- Third-party liability is covered without limit for injury and death claims
- Own-damage cover pays for accident repair, fire and theft of your own bike
- Long-term policies of two or three years lock the premium and remove renewal lapses
- No-claim bonus builds quickly and can reach half the own-damage premium
- Zero depreciation turns a partial settlement into something close to a full one
- Cashless repair at network garages, so you are not funding the bill yourself
What is covered, and what is not
Read the right-hand column first. It is the one that decides whether a claim is paid.
Typically covered
- Third-party bodily injury and death — unlimited by statute
- Third-party property damage up to the statutory limit
- Own damage from collision, on comprehensive cover
- Fire, explosion, self-ignition and lightning
- Theft of the vehicle
- Natural calamities — flood, storm, earthquake, landslide
- Riot, strike, malicious damage and terrorism
- Damage in transit by road, rail, air or inland waterway
Typically not covered
- Own damage under a third-party-only policy — the most common gap of all
- Normal wear, tear and mechanical or electrical breakdown
- Depreciation on replaced parts, unless zero depreciation is added
- Consumables — oil, coolant, nuts and bolts — unless the add-on is taken
- Riding without a valid licence, or under the influence
- Damage while used for hire or reward when insured for private use
- Damage outside the geographical area stated in the policy
- Any accessory not declared and added to the policy
Inclusions and exclusions vary between providers and between plans from the same provider. The wording in your own policy document is what governs — we will walk you through it before you buy.
How it works with us
- 1 Send us the vehicle details Registration number, make and variant, year, and your current policy if you have one. Thirty seconds of typing.
- 2 We check what you are actually insured for IDV, add-ons, voluntary excess and no-claim bonus. Most renewals we see carry an IDV set years ago and never revisited.
- 3 Two or three quotes, compared on cover and not on price With the garage network in your city and each insurer's claim record put next to the premium.
- 4 Inspection where the law requires it A break in cover or a mid-term insurer change means an inspection. We arrange it, usually by video.
- 5 Policy issued, and we handle the claim when it comes You call us at the garage, not a helpline. We deal with the surveyor and the settlement.
Important considerations
The things a brochure tends to leave out. Read these before you decide.
- A third-party-only policy is legal and leaves your own bike entirely uninsured. If you take one, take it as a decision, not by accident.
- IDV is the maximum you can receive if the bike is stolen or written off. Setting it artificially low to save premium is saving pennies against the one claim that matters.
- A long-term policy removes the risk of forgetting to renew — which on a two-wheeler is the single most common cause of an uninsured vehicle on the road.
- The compulsory owner-driver accident cover is small relative to what a rider actually risks. A standalone personal accident policy costs very little and does considerably more.
- Declare any accessories or modifications. An undeclared aftermarket exhaust or alloy set is a straightforward reason for an insurer to reduce a claim.
Documents required
- Registration certificate (RC) of the vehicle
- Previous policy copy, for no-claim bonus and continuity
- Driving licence of the owner or the usual driver
- Identity and address proof
- PAN card, where the premium crosses the reporting threshold
- Invoice or delivery note, for a new vehicle
- Vehicle inspection report, where there has been a break in cover
Frequently Asked Questions
Is third-party insurance enough?
It is enough to be legal and nothing more. It pays other people for what you damage and pays you nothing for your own bike, including theft — which is the most likely serious claim a two-wheeler owner will ever make. For any bike with real value, comprehensive cover is the sensible choice.
What is IDV and why does it matter?
Insured Declared Value is the current market value the policy places on your bike, and it is the ceiling on a theft or total-loss settlement. A lower IDV means a lower premium and a lower payout. Set it honestly against what the bike is actually worth.
Is a long-term policy worth it?
Usually. It locks the third-party premium for the term and, more practically, removes the chance of an accidental lapse. A lapsed two-wheeler policy means an inspection before cover restarts and, in the meantime, an uninsured vehicle.
What happens to my no-claim bonus if I sell the bike?
The bonus belongs to you, not the vehicle. Ask your insurer for an NCB retention letter before the transfer and carry it to the policy on your next bike, usually within three years.
Does the policy cover a pillion rider?
A third-party claim by an injured pillion rider is covered. Injury to the pillion as your own passenger is not covered unless you add a specific pillion cover, which most insurers offer for a very small premium.
Want a shortlist instead of a catalogue?
Tell us the situation and an advisor comes back with two or three options that actually fit — and names what each one gives up.