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  • Overview
  • Features And Benefits
  • Types of Shriram Electric Bike Insurance
  • Coverages
  • Compare Plan
  • Premium Component
  • Eligibility and Required Documents
  • Buy / Renew
  • Add-Ons
  • Claim Process
  • Policy Download


Electric bikes, or e-bikes, have rapidly gained popularity as a sustainable and efficient mode of transportation. As these modern two-wheelers are gradually becoming an integral part of our daily lives, it is essential to protect these assets from potential risks. Electric bike insurance, also known as e-bike insurance, offers a tailored insurance policy exclusively designed for these electric-powered vehicles. Shriram General Insurance, a renowned name in the industry, offers suitable e-bike insurance options. Read on to learn more about our product.

Electric bikes overview
What is Electric Bike Insurance?

What is Electric Bike Insurance?

Electric bike insurance, or e-bike insurance, is a type of insurance policy that provides financial protection for electric-powered two-wheelers. Similar to traditional two-wheeler insurance, e-bike insurance covers a range of risks, including accidents, theft, fire, and third-party liabilities. It serves as a safety net for e-bike owners, ensuring they are protected from unexpected expenses arising from accidental damages.

Coverage Options for Electric Bike Insurance

Protect your electric bike with a range of insurance coverages tailored to your needs. Shriram General Insurance offers various options to ensure you have the right level of protection for your valuable asset. Whether you seek coverage against accidents, third-party liabilities, or damages, we have you covered.

Comprehensive Electric Bike Insurance

Comprehensive Electric Bike Insurance

Enjoy all-inclusive protection for your electric bike with this comprehensive insurance plan. It covers accidental damages to your electric two-wheeler, theft, natural disasters, fire, and third-party liability. It also offers add-on covers to enhance the coverage.

Third-Party Insurance Policy

Third-Party Insurance Policy

As a mandatory coverage, this insurance policy safeguards you from financial and legal liabilities arising from third-party injury, death, or property damage. However, it does not cover accidental damage to your e-bike.

Own Damage Cover

Own Damage Cover

The Own Damage (OD) coverage offers comprehensive protection for your electric bike against damages caused by unforeseen mishaps such as accidents, theft, natural disasters, and man-made calamities. But, this type of insurance plan does not cover third-party liabilities.

What Are the Benefits of Buying Electric Bike Insurance?

Electric bike insurance, also known as e-bike insurance, offers a range of benefits to e-bike owners, ensuring a secure and worry-free riding experience. Let's explore the key advantages of purchasing electric bike insurance

Pocket-friendly Premium

Shriram General Insurance offers competitive insurance prices for electric bike insurance policies along with minimal documentation requirements. This makes it easier for e-bike owners to secure comprehensive coverage without straining their budget.

Superfast Claim Registration

With an easy and simple online claim process, filing and processing claims for electric bike insurance is a breeze. The streamlined process ensures quick claim settlements, reducing unnecessary delays and hassles.

Extensive Add-on Options

E-bike insurance policies offer a range of add-on options that allow owners to customise their coverage according to their specific needs. From zero depreciation cover to roadside assistance cover and more, these add-ons enhance the overall insurance coverage of your e-bike.

Comprehensive Plans

Electric bike insurance provides all-around protection with comprehensive insurance. It safeguards your e-bike against damages, accidents, theft, and third-party liabilities, ensuring you are financially protected in various scenarios.

Coverage for Third-Party Liabilities

If your bike is involved in an accident resulting in damages to a third-party property, Third-party bike insurance shall cover such losses. It also covers bodily injury or death of a third-party.

Competitive Preminums

You can raise your claims quickly through our website or My SGI app, making it a hassle-free experience.

  • How to Buy Insurance Online for Electric Bikes
  • How to Renew Insurance for Electric Bike Online

Are you ready to secure comprehensive coverage for your electric bike? Follow these simple steps to buy electric bike insurance online


Visit our website or MySGI mobile app.


Provide e-bike details.


Select the ideal insurance plan.


Make the payment online and receive your policy document instantly

Ensure continuous protection for your electric bike by renewing your insurance policy. Follow these straightforward steps for a quick renewal.


Visit the Shriram General Insurance website at or MySGI mobile app to log in to your account


Choose the policy for renewal.


Select the coverage and Pay the premium online for instant renewal.


Pay the premium online for instant policy renewal.

Electric Bike Insurance: What’s Not Covered?

While electric bike insurance provides comprehensive coverage for various risks, t here are certain exclusions you must know. Here are some common scenarios that are not covered by electric bike insurance

Intentional Negligence

If the electric bike owner intentionally ignores damage to their e-bike and it worsens before they decide to get it fixed, the insurer will not provide coverage for the resulting damages.

Racing or Illegal Activities

Accidental damages that occur while participating in racing challenges or events or using your electric bike to engage in illegal activities (defined in the policy) are not covered.

Driving Under the Influence of Alcohol or Drugs

Any damages or accidents that occur while riding the electric bike under the influence of alcohol or drugs will not be covered by insurance.

Unauthorised Riders

If your e-bike is used by a person who is not authorised or licensed to ride, any damages or accidents that occur during such instances will not be covered.

Consequential Damage

The insurer will not cover any loss or damage to the electric bike that did not occur due to direct contact with another vehicle or object while on the road.

Lapsed Insurance Policy

It is crucial to renew the electric bike insurance policy on time. If the insurance policy expires, the insurer will not provide coverage in any form..

How to Calculate Electric Bike Insurance Premium?

Calculating the premium for electric bike insurance is a straightforward process. Here's how you can do it

  • Determine Insured Declared Value (IDV)

    The premium is calculated based on the Insured Declared Value (IDV) of your electric bike. IDV represents the current market value of your e-bike and is fixed by the insurer.

  • Select Coverage and Add-ons

    Choose the type of coverage you want for your electric bike insurance,such as comprehensive or third-party insurance. Additionally, if you opt for any add-on covers, the premium will be adjusted accordingly.

  • Calculate Premium

    Once you select the IDV and coverage options, you can calculate the premium using the formula specified by the insurance company. The formula takes into account various factors, including the IDV, coverage type, add-ons, and other risk-related factors.

  • Use Online Premium Calculator

    Alternatively, you can use the Electric Two-Wheeler Insurance Premium Calculator. Enter the required details, such as your e-bike's make, model, year of manufacture, registration number and select the desired coverage options. The premium calculator will provide you with the estimated premium amount instantly.

How to Calculate Electric Bike Insurance Premium?

How to File a Claim for an Electric Bike Insurance?

Shriram General Insurance makes the process of rasing claims online for your electric bike insurance simple and hassle-free. Follow the below mentioned steps to submit your claim.

  • Step1
  • Step2
  • Step3

Visit our website or download the MySGI app to access your Shriram account.


Select the policy to raise the claim for your electric bike insurance and provide details about the damages.


Upload the necessary soft copies of documents required for quick and efficient claim registration.

Our customer service team will contact you to assist on the claim. Alternatively, you can also call us at 1800-300-30000/1800-103-3009 to raise the claim against your bike insurance policy. Our customer service team will guide you throughout the bike insurance claim process.

Add-ons in Electric Vehicle Insurance

Enhance your electric bike insurance coverage with these valuable add-ons

Enhance your electric bike insurance coverage with our special add-ons. These optional add-ons supplement your base insurance by providing a complete defence against a variety of risks and uncertainties.

Consumables Cover

Consumables Cover

Consumables such as nuts, bolts, grease, AC gas, coolants, ball bearings, etc., are covered under this add-on. Shriram General Insurance covers the expenses related to the repair or replacement of these consumables.

Daily Expense Reimbursement Cover

Daily Expense Reimbursement Cover

As the name indicates, this add-on reimburses the policyholder for the money spent on hiring a private vehicle while their car is in the garage undergoing repairs.

Nil Depreciation Cover

Nil Depreciation Cover

With this add-on, you can enjoy full claim amount without considering depreciation on parts during repairs or replacements after an accident

Personal Belongings Cover

Personal Belongings Cover

This add-on provides coverage for your personal belongings kept inside the insured electric vehicle, protecting them from theft or damage.

Return to Invoice

Return to Invoice

It covers the difference between a vehicle's insured value and its original purchase price in case of total loss or theft.

Hospital Daily Cash Allowance

Hospital Daily Cash Allowance

This cover provides a fixed daily payment during hospitalisation to cover incidental expenses.

These add-ons to your electric bike insurance provide extra levels of safety and customisation, allowing you to adapt the coverage to your exact requirements and preferences. You may enjoy expanded coverage and maximise the benefits of your electric bike insurance policy by selecting these add-ons.

Steps to Download Your Electric Bike Insurance Policy

Downloading your electric bike insurance policy from Shriram General Insurance is quick and convenient. Follow these steps

Steps to Download Your Electric Bike Insurance Policy

Step 01

Visit our website or download the MySGI app.

Step 02

Log in to your Shriram account and choose the relevant policy.

Step 03

Click "Download electric bike insurance policy" to get a copy of your policy document online right away.

Documents Required for Electric Bike Insurance Claim at Shriram General Insurance

When filing a claim for your electric bike insurance with Shriram General Insurance, ensure you have the following documents ready

Policy Document

A copy of your electric bike insurance policy

Claim Form

Duly filled and signed claim form providing details of the incident and other vital information.

Registration Certificate

A copy of your electric bike's registration certificate

Driving Licence

A copy of the rider's valid driving licence

FIR (if applicable)

A copy of the First Information Report (FIR) in case of an accident


Spot photographs of the damages to the electric bike, if available

Other Relevant Documents

Any other documents as required by the insurance company based on the nature of the claim.

Why Should You Buy Electric Bike Insurance from Shriram General Insurance

Choosing Shriram General Insurance for your electric bike insurance offers several benefits:


Quick and Easy Claim Process

The claim process with Shriram General Insurance is hassle-free and efficient.


Customer Support

Our dedicated customer support team is available between 4:00 am and 12:00 am to assist you with policy-related queries or issues.


Affordable Premiums

Enjoy pocket-friendly premium rates for your electric bike insurance policy.


Convenient Online Services

With our user-friendly website and mobile app, you can buy, renew, and manage your electric bike insurance policy online with ease.


Reputable Insurance Provider

Shriram General Insurance is a trusted and reliable insurance provider with a strong track record in the insurance industry.

Frequently Asked Questions (FAQs)

Here are some commonly asked questions about electric vehicle insurance.

Are add-ons necessary for electric bike insurance?

Currently Independent Financial Advisor(IFA) with tax status as Individual can get empanelled.

How is the premium for electric bike insurance calculated?

The premium for electric bike insurance is computed using parameters such as the Insured Declared Value (IDV) of your e-bike, the coverage chosen, add-ons selected, and other risk-related factors. For a quote, use Shriram General Insurance’s premium calculator or contact customer care.

What documentation is needed to file an insurance claim for an electric bike?

Currently Independent Financial Advisor(IFA) with tax status as Individual can get empanelled.