Bike & Two-Wheeler Insurance
The cheapest policy on the Paydeer portal, and the one customers need most often.
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.
Two-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.
What 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.
Popular 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.
Why 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.
F.A.Q
Frequently Asked Questions
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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.
