Bike & Two-Wheeler Insurance
The cheapest policy on the Paydeer portal, and the one customers need most often.
- Only the RC number needed
- Policy on the phone in minutes
- Renews every single year
A two-wheeler is the most common vehicle on Indian roads and also the most exposed one. Bike insurance protects the rider from the financial side of an accident — repair bills, third-party compensation and the legal trouble that follows.
Bike insurance is also the fastest-moving product for a Paydeer retailer. The premium is small, the customer base is huge, renewals come back every year, and the policy is issued on the spot.
01Two-Wheeler Policy Options At Paydeer
- Third-Party Policy – the legal minimum. Covers injury, death or property damage caused to a third party by the insured bike.
- Comprehensive Policy – third-party liability plus own-damage cover for the customer’s bike, including theft, fire and natural calamity.
- Own-Damage Only Policy – for new bikes that already carry a long-term third-party cover, the own-damage part can be bought separately every year.
- Long-Term Policy – new two-wheelers are issued a 5-year third-party cover at the time of purchase, which removes the risk of the policy lapsing.
02What A Comprehensive Bike Policy Covers
- Damage to the insured two-wheeler in a road accident.
- Theft of the bike — the Insured Declared Value is paid to the owner.
- Fire, explosion and self-ignition.
- Flood, cyclone, earthquake and other natural calamities.
- Riot, strike, terrorism and malicious damage.
- Compulsory personal accident cover of ₹15 lakh for the owner-driver.
03Popular Add-Ons For Two-Wheelers
- Zero Depreciation: full value of replaced plastic and fibre parts, which depreciate very fast on a bike.
- Pillion Rider Cover: personal accident cover for the person riding behind.
- Road-Side Assistance: towing and on-spot help when the bike breaks down.
- Consumables Cover: engine oil, brake oil and other consumables used in repair.
- Return To Invoice: on theft or total loss, the customer gets the original invoice value instead of the depreciated IDV. Worth taking on a new or premium bike.
04The Own-Damage Trap On New Two-Wheelers
Every new two-wheeler sold in India comes with a 5-year third-party policy bundled by the dealer. Many owners assume the bike is fully insured for five years and stop renewing anything.
It is not. The own-damage part — the cover that pays for the customer’s own bike, and for theft — is only for one year and has to be renewed every year separately. A stolen bike in year three, with only the bundled third-party cover running, gets nothing.
Explaining this at the counter is the single easiest own-damage sale a retailer can make, and it is genuinely in the customer’s interest.
05Why Customers Renew Their Bike Insurance At A Paydeer Outlet
- Premium is compared across insurers before the policy is issued, so the customer always gets the lowest available rate.
- Only the registration number and a few basic details are needed — no paperwork.
- The policy PDF is delivered instantly and can be shown to a traffic officer straight from the phone.
- The retailer earns a margin on every policy and every renewal that follows.
- Renewal reminders bring the same customer back to the same shop every year.
✓What the policy covers
- Damage to the insured two-wheeler in a road accident.
- Theft of the bike, settled at the Insured Declared Value.
- Fire, explosion, self-ignition and lightning.
- Flood, cyclone, earthquake, landslide and storm.
- Riot, strike, terrorism and malicious damage.
- Third-party injury, death and damage to someone else’s property.
- Damage while the bike is being transported by road, rail or air.
- Compulsory personal accident cover of ₹15 lakh for the owner-driver.
✕What it does not cover
- Regular wear and tear, and depreciation on parts.
- Mechanical or electrical breakdown, and normal servicing.
- Riding without a valid driving licence, or with a learner’s licence and no qualified rider alongside.
- Riding under the influence of alcohol or drugs.
- Using a private two-wheeler for commercial delivery or hire, unless it is insured as a commercial vehicle.
- Damage to tyres and tubes, unless the bike itself is damaged in the same accident.
- Loss when the bike is used outside the geographical area stated in the policy.
- Any damage caused deliberately, and loss during war or a nuclear event.
On this page
Documents to bring
- Registration Certificate (RC) of the two-wheeler
- Previous policy copy, where the No Claim Bonus has to be carried over
- Driving licence of the owner
- Aadhaar or PAN for KYC
- Engine and chassis number, when the previous policy has already expired
- A few photographs of the bike for self-inspection in a lapsed case
Paydeer retailers
Issue Bike / Two-Wheeler Insurance from your own counter and earn on every policy and every renewal.
Become a partnerHow the policy is issued at a Paydeer outlet
Four steps from the counter to the policy PDF in the customer’s hand.
Enter the registration number
The make, model and year of the two-wheeler are pulled up automatically. For a lapsed policy the engine and chassis numbers may also be asked.
Choose the cover
Third-party only, comprehensive, or own-damage alone if the bike still has a bundled long-term third-party policy running.
Compare and pay
Premiums from several insurers appear together with the No Claim Bonus already applied. Payment is taken through the Paydeer wallet or from the customer directly.
Hand over the policy
The PDF is delivered instantly and can be shown from the phone at a traffic check. A printed copy takes one more minute at the outlet.
Sell Bike / Two-Wheeler Insurance from your own shop
Compare plans from multiple insurers, issue the policy in minutes and earn a commission on every sale and every renewal — from the same Paydeer portal you already use for recharge, AEPS and bill payments.
Questions customers ask
The doubts that come up most often about Bike & Two-Wheeler Insurance, answered the way a retailer would explain them across the counter.
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Is bike insurance compulsory in India?
Yes. Third-party insurance is mandatory under the Motor Vehicles Act for every two-wheeler on the road. Riding without it can attract a fine and, on repeat offence, imprisonment or suspension of the driving licence.
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What is the difference between third-party and comprehensive bike insurance?
Third-party only pays for the damage the bike causes to another person or their property. Comprehensive covers that as well as damage to the customer’s own bike, including theft, fire and natural calamity.
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My bike is 10 years old. Is it worth taking comprehensive cover?
The IDV of a 10-year-old bike is low, so the own-damage payout will also be small. Many owners of very old two-wheelers take only third-party cover. If the bike is still in good condition or is used daily, comprehensive is still worth the small extra premium.
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Can insurance be issued using only the registration number?
For most renewals, yes — the registration number pulls up the vehicle details on the Paydeer portal. Engine and chassis numbers may be asked for when the previous policy has already expired.
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What is a long-term two-wheeler policy?
New two-wheelers in India are sold with a 5-year third-party policy built in. It saves the customer from yearly renewal of the third-party part, and only the own-damage cover needs to be renewed every year.
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My new bike has a 5-year policy. Is my bike covered if it is stolen?
Only if the own-damage cover is also running. The bundled 5-year policy is third-party alone — it pays nothing for theft or for damage to the customer’s own bike. The own-damage part has to be renewed every year.
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Is the pillion rider covered?
A third party injured by the bike is always covered. The pillion rider is covered only when the pillion rider add-on has been taken, which costs very little and is worth adding for a family bike.
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Can a Paydeer retailer transfer the policy when the bike is sold?
Yes. The policy must be transferred to the new owner within 14 days of the sale. The seller keeps the No Claim Bonus and can carry it to the next two-wheeler with an NCB retention letter.
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How much does a two-wheeler policy cost?
The third-party rate is fixed by IRDAI on the basis of engine capacity and is the same everywhere. Only the own-damage premium varies between insurers, which is exactly the part a Paydeer retailer compares before issuing the policy.
Other insurance services at Paydeer
One outlet, one login — every cover a customer is likely to ask for.
Commercial Vehicle Insurance
For the vehicles that earn a living — taxis, trucks, pick-ups and school buses.
Travel Insurance
Medical emergencies, cancelled trips and lost baggage — covered before the journey starts.
Personal Accident Insurance
A very large cover for a very small premium — for anyone who earns with their hands.
