Frequently Asked Questions
How much is two-wheeler insurance per year in India?
Third-party alone ranges from Rs 538 to Rs 2,804 a year depending on engine capacity, per IRDAI's FY2024-25 rates. Comprehensive cover on a typical 110-150cc commuter adds roughly Rs 500 to Rs 1,500 of own-damage premium before GST.
Why do new bikes need a 5-year policy?
Following a 2018 Supreme Court order, new two-wheelers must be sold with 5-year third-party cover, because two-wheelers had the highest uninsured rate on Indian roads. Own-damage cover can still be renewed annually.
Does NCB apply to bike insurance?
Yes. The same IRDAI slabs apply – 20% after one claim-free year rising to 50% after five – and the discount applies to the own-damage portion of the premium.
* Zuno General Insurance Company Limited. IRDAI Registration No. 159. CIN: U66010MH2000PLC128425. Registered Office: 401 Minaxi Business Park, Andheri East, Mumbai 400093. Insurance is a subject matter of solicitation. All premiums shown are indicative and depend on vehicle specification, variant, add-ons, location and insurer. TP premium rates per IRDAI notification for FY2024-25. OD rates are indicative market averages. IDV depreciation follows the IRDAI standard schedule. IRDA/NL-HLT/ZUGI/P-V/V.I/140/13-14.
