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  • Overview
  • Features And Benefits
  • Third-Party Two-Wheeler Insurance
  • Comprehensive Two-Wheeler Insurance
  • Calculate Premium
  • Save On Premium
  • Renewal Benefits
  • IDV in Bike Insurance
  • NCB
  • Zero Depreciation Bike Insurance
  • Roadside Assistance
  • New Bike Insurance
  • Engine Protection Cover add-on
  • Deductibles
  • Types of Shriram Two-Wheeler Insurance
  • Coverages
  • Compare Plan
  • Premium Components
  • Eligibility and Required Documents
  • Buy / Renew
  • Claim Process
  • Bike Insurance Premium Calculator
  • Terminologies
  • Policy Download
  • FAQs

What is Two-Wheeler Insurance?

A two-wheeler insurance policy protects bike owners against unforeseen expenses in the event of an accident, theft, natural and man-made disasters

  • A Third-Party (TP) two-wheeler insurance policy is mandatory in India under Section 146 of the Motor Vehicles Act, 1988
  • A two-wheeler insurance policy protects the vehicle and the vehicle owner against third-party liability, thefts, natural disasters and vandalism
  • Shriram Two-Wheeler Insurance policy online provides various coverages such as Third-Party coverage, Own Damage coverage and Comprehensive coverage
  • Comprehensive coverage provides coverage for third-party and own damage liabilities of the insured two-wheeler and vehicle owner
Read More
What is two wheeler Insurance?
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Over 60 Lakh Happy Customers

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Happy Customers

Why Choose Shriram Two-Wheeler Insurance?

Why Choose Shriram Two-Wheeler Insurance?

  • Shriram General Insurance offers you the convenience of buying, renewing and claiming of two-wheeler insurance online anytime and anywhere
  • Choose the right coverage , check the premiums, customise the policy and get it done within minutes. Our digital process makes your two-wheeler insurance journey easy and stress-free
  • Shriram Two-Wheeler Insurance policy provides coverage against various natural and man-made disasters at the convenience of your fingertips
  • We keep the claim process simple to ensure timely claim settlement. Shriram General Insurance provides 24*7 customer assistance for all your insurance requirements
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Shriram Two-Wheeler Insurance Coverages

Third-Party Coverage

Third-Party Coverage

Third-Party coverage is mandatory according to Section 146 of the Motor Vehicles Act, 1988. The TP policy only covers the third-party liabilities (vehicle & injury to the opponent vehicle owner).

Own Damage Coverage

Own Damage Coverage

An Own Damage (OD) cover is focused on insuring your vehicle against damages arising from accidents, calamities and so on

Comprehensive Coverage

Comprehensive Coverage

A Comprehensive Coverage provides benefits of Third-Party cover and Own Damage cover. With Shriram Comprehensive policy, choose add-ons to enhance your coverage

How to Calculate Shriram Two-Wheeler Insurance Premium?

Shriram Two-Wheeler Insurance premiums are determined by variables such as vehicle make, model/variant, year of manufacture, Insured Declared Value (IDV) , insurance plan opted and add-on coverages

Make and Model

Two-wheeler insurance premiums are calculated based on the make and model of the vehicle

Year of Manufacture

The manufacturing year of the vehicle is an essential factor in determining the IDV of the vehicle

Insured Declared Value

The Insured Declared Value (IDV) represents the vehicle's current value. IDV is the maximum amount the insurer will pay in the event of a total loss

Type of Insurance

In India, two-wheeler insurance is mandatory. The premium for Third-Party two-wheeler insurance is determined by the bike's cubic capacity. Two-wheeler stand-alone own damage insurance premiums differ from company to company


Add-ons can be selected based on individual needs. The total premium paid will be the sum of the basic policy and add-ons

No Claim Bonus

An insured who has not claimed their own damages for the previous policy period can get a Own Damage premium

Benefits of Renewing Shriram Two-Wheeler Insurance Online

Benefits of Renewing Shriram Two-Wheeler
Insurance Online

With Shriram General Insurance's digital-friendly platform, renewing a bike insurance policy is simple and easy. With just a few clicks, one can purchase or renew their two-wheeler insurance anywhere, anytime. Online renewal offers the following benefits:

  • Paperless process
  • Avoid legal penalties
  • Quick on-spot renewal
  • Avail No Claim Bonus
  • Insurance break-ins can be avoided

How to Save on your Shriram Two-Wheeler Insurance Premium?

There are several ways to save the cost of your two-wheeler insurance premiums . By taking these factors into consideration, individuals can save on their spending on two-wheeler insurance premiums


Policy Type

Shriram General Insurance offers various two-wheeler insurance plans . It is up to the insured whether to protect their vehicle with third-party insurance or comprehensive insurance. But it is advisable to get comprehensive two-wheeler insurance policy for better coverage


Selection of Add-ons

Make sure you are cautious when purchasing add-ons. It is recommended to buy add-ons only if they are needed. Adding random add-ons to a two-wheeler insurance policy will increase the premiums



A deductible is the amount of money you must pay out of pocket toward a claim before your insurance company will cover the rest. The higher your deductible, the lower your premium, but also keep in mind one has to be prepared to pay more out of pocket during a claim


No Claim Bonus

If you have never claimed any own damages from your insurance company in the previous policy period, you are capable of getting a No Claim Bonus on Own-Damage premium during policy renewal

Frequently Asked Questions

Why Two-Wheeler Insurance is required?

According to Section 146 of the Motor Vehicles Act, 1988, it is mandatory to get a Third-Party (TP) two-wheeler insurance cover. Comprehensive Insurance provides coverage for Own Damage and Third-Party damages due to unforeseen disasters

When should I renew my Two-Wheeler Insurance?

Renew your policy before the expiry of the existing policy. Renewing on time keeps your vehicle protected against risk without any break-ins. You can also benefit from a No Claim Bonus (NCB) for claim-free years on your Own Damage premium

How are my accidental hospital expenses covered by the insurance policies?

To reimburse personal accident hospital expenses, you must take Compulsory Personal Accident (CPA) cover. One can buy CPA coverage along with the standard insurance policy for additional cost

What happens if my bike insurance expires?

If your bike insurance policy expires, you will no longer be protected against any damages, losses, or liabilities that may arise due to accidents, theft, or other unforeseen events. In case of an accident or damage to your bike during the period of non-coverage, you will have to bear the repair costs and any other liabilities that may arise.

What is the validity period of bike insurance?

In September 2018, the Supreme Court ordered IRDAI to mandate 5-year insurance coverage for all new two-wheelers. The objective is to ensure maximum two-wheeler insurance coverage and to reduce the number of lapsed, expired, and uninsured vehicles. It is important to note that TP bike insurance coverage is only required for 5 years.

Why bike insurance is important?

A bike insurance policy keeps an individual from incurring unforeseen expenses in the event of an accident or theft. When an accident occurs, a third-party bike insurance policy helps pay for the damages to the other vehicle involved in the accident (the third party).

How many times can we use bike insurance?

There are no restrictions on the number of claims you can submit in a year. It is important to remember that raising a claim once will affect the No Claim Bonus (NCB), and multiple claims within the same policy year will increase the premiums.

How to save money on two-wheeler insurance?

There are several ways to save money on two-wheeler insurance. The first step is to compare insurance policies from different insurers and choose the one with the most coverage at the lowest premium. Another advantage is that long-term policies are affordable. The premium amount can also be reduced by installing anti-theft devices.

Do we need insurance for second hand bikes?

Yes. Under the Motor Vehicles Act, 1988, you must have a third-party bike insurance before riding a two-wheeler

what is the minimum cost of bike insurance?

Insurance policies for bikes cost between Rs 1,001 and Rs 5,000 on average in India.

What is the grace period for two-wheeler insurance?

Grace period is a 30-day extension given to policyholders after their policies expire. Some insurers even offer longer periods so that you can renew your two-wheeler insurance without any stress.

What is add-on in two-wheeler insurance?

Add-on coverage is an option for extending coverage of a standard two-wheeler insurance policy against the payment of an additional premium. It is possible to purchase these add-ons with comprehensive bike insurance plans and standalone own-damage bike insurance plans.

What our customers say ?

What our customers say

Divyansh says,

Shriram General Insurance is the best travel insurance and i can confidently recommend.Truly the best online travel insurance site in India. Thanks to Shriram General Insurance !.

Vidit says,

Shriram General Insurance has a very encouraging overseas travel insurance program for us. Overall it's very nice

Malik says,

I had some doubts when reading the terms and conditions of my travel insurance. I called the Shriram General Insurance helpline and they cleared up most of my doubts.

Prakash says,

SGI Health Insurance currently administers my health insurance policy. I still have a bonus and there hasn't been a claim. This insurance covers all hospitals for cashless payments. Customer support is excellent.

Apeksha says,

This group health insurance policy, which has a Rs. coverage amount, was obtained from Shriram General Insurance. They have connections with several hospitals and also offer cashless medical care.

Ashwin says,

“I am satisfied with Health insurance claim service” Got my Health  insurance policy claim. Thanks a lot for quick response. Great customer satisfaction policy

Chiranjeev says,

My Commercial Vehicle Insurance is the best. These are very good, helpful and wonderful people. I am pleased to join Shriram General Insurance commercial vehicle insurance plan.

Purushottam says,

For commercial vehicle insurance, I can suggest Shriram General Insurance with confidence. I'm relieved that my vehicle is now protected and secure, I appreciate Shriram General Insurance!

Santram says,

Shriram General Insurance provides me with a commercial vehicle insurance policy that fully protects the vehicle for a comparatively small outlay of money. Excellent customer satisfaction policy, I'm pleased!

Amritlal says,

After taking into account all other plans available, I decided to go with Shriram General Insurance for my personal insurance policy. I am extremely pleased with the outcome of my claim and the amount of time and accuracy put into it.

Meghna says,

Taken the personal insurance policy with Shriram General Insurance company around 5 years ago. My colleague is suggested me to take the policy from here. The claim ratio is more compared to others. This was taken for my family benefits and customer service is good. Thank you SGI!!

Mohan says,

Five years ago, I chose to invest in a personal insurance policy with Shriram General Insurance Company after being recommended by a colleague. They had one of the best claim ratios and the customer service is great. Taking out this policy has benefited my family immensely and I'd like to take this opportunity to thank Shriram General Insurance for their excellent services.

Akanksha says,

I recently took out a home insurance policy with Shriram General Insurance and it covers me if there is any destruction to my property due to natural disasters such as earthquakes. I am very pleased with their customer service and quick response times. This gives me peace of mind knowing that I have this policy in place.

Raveena says,

After consulting with many people, I chose to purchase my home insurance from Shriram General Insurance. The experience was quite pleasing & I am glad that I went with them as their policy has proven to be very satisfactory.

Tejas says,

Securing my future by taking home insurance from Shriram General Insurance was a great decision. Not only did I get protection from natural and man-made calamities, but the service provided was also excellent.

Shubham says,

The add-on covers on my policy were extremely helpful. I got my claim easily and also reserved my NCB.And Shriram has made it so easy to renew any policy online without any tussle, trouble.thank you Shriram General Insurance!

Amandeep says,

Shriram General Insurance Co. Ltd is a trustworthy partner to me. They have a sincere and genuine approach towards settling claims, which I highly appreciate and value. They made it easier for me to manage through the tough times.

Satyaprakash says,

Shriram General Insurance truly stands out with the great service they provide – claims are processed quickly and effortlessly. I am very appreciative of their support! The quick and stress-free claim process made life easier for me during a trying time.

Shakeel says,

Shriram General Insurance really offer affordable two wheeler insurance premium. When my bike was damaged in an accident, I was stressed out but their two wheeler insurance executive took care of the situation quickly & efficiently. Thanks to Shriram General Insurance!

Samantha says,

I recently got a two-wheeler insurance policy from Shriram General Insurance and had a great experience. The website was incredibly user-friendly and all the relevant information was easily accessible. I'm glad my two-wheeler is safe and secure now - thank you Shriram General Insurance!

Vandana says,

My friend working for Shriram General Insurance suggested I take out a two-wheeler insurance policy from them. I've been renewing it before its expiry ever since and have been pleased with the service.I recently visited their branch and decided to renew my policy with them. The reason I chose them was because they provide first-party insurance with utmost claim amounts, plus this policy includes bumper to bumper coverage.

Chetan says,

I was thoroughly satisfied with my decision to get car insurance from Shriram General Insurance. Not only did I find their rates quite reasonable, but the policy coverage was also adequate. I am especially impressed with how efficiently and smoothly they handled my claims.

Ankit says,

I can confidently recommend Shriram General Insurance for car insurance as I have been a loyal customer for the last 5 years. Their claims process is very efficient and they respond swiftly to their customers in comparison to the other providers.

Rahul says,

I recently switched to Shriram General Insurance for my car insurance and I'm glad I did. The customer service is great, and the policy was issued instantly. I am Very impressed with their services!
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IRDAI Consumer Education:- Insurance is the subject matter of solicitation. IRDAI Registration Number - 137. CIN No. U66010RJ2006PLC029979. BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS. IRDAI clarifies to public that IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.

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