First Party Bike Insurance

First-party bike insurance is a type of policy that provides extensive coverage for the insured bike and its owner. It is a more robust option than the mandatory third-party insurance, which only covers damages to other people or property.

Here is a breakdown of what first-party bike insurance generally includes:

Own Damage Cover

Own damage cover includes the costs of repairing your own bike in case of damage due to:

• Accidents
• Theft
• Fire
• Natural calamities (e.g., floods, earthquakes, cyclones)
• Man-made disasters (e.g., riots, vandalism, strikes)

Third-Party Liability Cover

Third-party liability cover in motor insurance is a legal requirement in India. It protects you from financial and legal liabilities if you cause an accident, and if that results in:

• Injury or death of a third party
• Damage to a third-party's vehicle or property

Personal Accident Cover

Personal accident cover is a mandatory component that provides financial support to the owner-rider in case of accidental death or permanent disability.

Also Read: What are 1st, 2nd and 3rd Parties in Bike Insurance?

• Comprehensive Coverage - First-party bike insurance, also known as comprehensive bike insurance, provides a broad range of coverage. It protects both you and your vehicle from third-party and own damage risks, making it an all-in-one protection plan.
• Covers Own Damage - First-party insurance two-wheeler policies protect against damage to your own bike due to accidents, fire, or natural calamities. It ensures you are never left paying high repair costs out of your own pocket.
• Third-Party Liability Included - It also includes mandatory third-party liability coverage as required by law. It saves you from legal trouble and financial liability that may be caused to others in the event of an accident.
• Covers Natural and Man-made Disasters - First-party bike insurance plans provide wide-ranging protection against unpredictable events, such as floods and cyclones, as well as riots or vandalism. Such benefits make it highly relevant for Indian roads and diverse weather conditions.
• Personal Accident Cover - The bike insurance policy includes personal accident cover for the owner-driver. Such coverage offers financial support in case of accidental death or permanent disability.
• Option to Add Riders - You can customise the policy with add-ons like zero depreciation, engine protection, roadside assistance, and more. These riders offer enhanced protection tailored to your bike usage and preferences.
• Covers Total Loss - In case of a total loss where the bike is beyond repair, the policy compensates you based on the declared IDV. It ensures your financial investment in the bike is not entirely lost.
• Peaceful Ownership Experience - Knowing your bike is protected against all major risks allows you to ride confidently and focus on the road. You can enjoy stress-free rides without constantly worrying about unexpected expenses.
• Protection from Theft - It offers compensation if your insured two-wheeler gets stolen, saving you from a major financial loss. You can recover the Insured Declared Value (IDV) of your bike in such cases.
• Better Resale Value - A regularly insured and well-maintained bike fetches a higher resale price in the used vehicle market. Buyers feel more confident purchasing a bike with a consistent insurance history.

If you are seeking the best 1st party bike insurance, ensure it offers comprehensive protection, fast claims processing and a wide network of garages. Choose plans that maximise benefits while staying budget-friendly.

First Party Bike Insurance Inclusions

• Accidental Damage: First-party bike insurance covers accidental damage to the bike and the cost of repairs and replacement.
• Third-Party Liability: First-party bike insurance also includes coverage for third-party liability. It compensates for injury, death, or property damage caused to others.
• Personal Accident Cover: The policy also provides personal accident cover for owner-drivers. It covers medical expenses or disability arising from bike-related accidents.
• Total Loss Cover - If your bike suffers complete damage beyond repair after a severe accident, the insurer compensates you based on the declared IDV.
• Man-Made Disaster Damages: First-party bike insurance covers damage caused by man-made disasters, including fire, explosion, lightning, electricity sparks, terrorism, riots and strikes.
• Bike Theft Cover: In the event of theft or irreplaceable damage to your bike, you can claim the “insured declared value” (IDV) of your bike under the policy.
• Natural Disaster Damages: The policy also covers damage caused by natural disasters such as earthquakes, floods, typhoons, and cyclones, ensuring financial safety in unpredictable situations.
• Add-On Coverage Options - The best 1st party bike insurance allows customisation with add-ons such as zero depreciation, roadside assistance and engine protection for enhanced coverage.

First Party Bike Insurance Exclusions

• Influence of Intoxication - Damages caused by the driver under the influence of drugs, alcohol or other toxins are not covered.
• Commercial Usage - The policy excludes any damages resulting from driving a private bike for a commercial purpose.
• Restricted Areas - Damages caused by driving bikes in restricted areas, such as flood-prone regions, are excluded from coverage.
• Wear and Tear - Natural depreciation or ordinary wear and tear of the bike is not part of the policy.
• Risky Activities - Damages sustained while participating in high-risk activities, such as speed driving or racing, are not covered.
• Negligence of Rider - Any damage resulting from the driver’s negligence or careless handling of the bike is excluded.
• Regular Maintenance - Expenses arising from routine servicing, oil changes, or general maintenance of the bike are not covered.
• Burglary Without Theft - Damages incurred by burglary and break-in, if the bike does not get stolen, are excluded.
• War and Similar Events - Damages to the bike due to war or any similar situation in the country are not included.

Zero-depreciation cover

The zero-depreciation add-on cover ensures that the accumulated depreciation amount on your bike and its components does not get deducted from the claim. It guarantees full reimbursement for replaced parts, with a maximum of two claims per year.

Return-to-Invoice Cover

In the event of theft of a bike or irreplaceable damage to it, this return-to-invoice add-on cover ensures that you get the invoice cost of the vehicle. The amount you will receive is the Insured Declared Value (IDV) of the bike.

Additional Third-Party Damage Cover

This add-on increases the protection you already get under first-party bike insurance. While first-party bike insurance already provides third-party coverage, this add-on extends the financial and legal liability coverage for third-party damages beyond the standard policy limit.

Additional Personal Accident Cover for Owner Driver

Road accidents often leave the owner-driver with injuries. This add-on increases personal accident coverage for owner-drivers in the event of an injury. It helps cover higher medical expenses, disability, or loss of income resulting from severe accidents.

Emergency Medical Expenses Add-on

The first-party insurance add-on for two-wheelers reimburses medical expenses and transportation costs incurred in the event of an accident. If the owner and pillion rider are injured in an accident, this add-on will cover the costs of ambulance and hospitalisation.

Consumable Expenses Add-on

Accidents often damage small consumables such as screws, nuts, brake oil, and grease. Having the consumables expenses add-on helps reimburse the cost of replacing these consumable items, except for lost fuel.

Roadside assistance

This add-on ensures 24x7 help if your bike breaks down. The roadside assistance team will assist you with towing, fuel replacement, repairs, battery repair or replacement on the spot. It keeps you stress-free on long or short rides.

Insured Declared Value of Bike

The insured declared value (IDV) of a bike affects your bike insurance premium. A higher IDV means a higher premium since the insurer’s liability increases. Conversely, a lower IDV reduces the premium but also decreases the claim payout in the event of total loss or theft.

Also Read: Why IDV Is So Important for Your Two-Wheeler Insurance?

Bike’s Age and Value

The older your bike, the lower its Insured Declared Value (IDV) will be. Since IDV decides the maximum claim amount, the premium reduces with age. However, new or high-value bikes attract higher premiums due to their higher replacement cost.

Make, Model, Fuel and Variant of Bike

The bike’s make, model, fuel type, and variant significantly impact the first-party insurance two-wheeler price. High-end models, powerful engines, or premium variants typically attract higher premiums due to their higher maintenance costs and associated risks. Standard or fuel-efficient models typically carry lower premium rates.

No Claim Bonus

The No-Claim Bonus (NCB) directly lowers bike insurance premiums. If you do not file any claims during a policy year, insurers reward you with a discount at renewal. Such benefits can increase progressively and reduce premium costs significantly over time.

Also Read: How to Calculate NCB for Bike Insurance in India?

Engine Capacity

A bike with a higher engine cubic capacity (cc) usually carries a higher risk of accidents due to greater speed potential. Therefore, insurers charge more premiums for bikes with larger engines.

Add-On Covers

Add-ons like zero depreciation, roadside assistance, or return-to-invoice coverage enhance the policy but also increase the premium amount. Choosing them wisely strikes a balance between protection and affordability.

Modifications

Any performance or design modifications of a bike, such as custom exhaust systems, engine tuning, or alloy wheel replacements, increase the risk of damage or theft. As the risk increases, insurers charge a higher premium for modified bikes.

Discounts

Being a member of the Automotive Association of India (AAI) can give you a discount on your bike insurance premium. Moreover, an anti-theft device approved by the Automotive Research Association of India (ARAI) installed in your vehicle makes you eligible for a bike insurance discount.

Registration Location

The bike insurance policy premiums for vehicles registered in metro cities are higher because of heavy traffic, higher accident risk, and theft probability compared to rural and low-risk areas.

Rider Profile

Factors such as the age of the rider, driving experience, and past accident history influence premium rates. Experienced riders usually pay lower premiums compared to younger, less experienced riders.

Also Read: Factors that Impact Your Bike Insurance Premium

• Step 1: Visit the TATA AIG bike insurance page.
• Step 2: Enter your bike registration number and click on “Get Price” to buy a new policy or “Renew” to renew an existing policy.
• Step 3: Fill in the necessary bike details, select the coverage type, preferred add-ons, and choose your desired Insured Declared Value (IDV).
• Step 4: Review the policy features and premium amount displayed on the screen.
• Step 5: After providing all the information, you will get the policy quote.
• Step 6: Proceed with online payment. Once the transaction is complete, your first-party bike insurance will be sent to your email inbox.

Also Read: How To Get A Duplicate Bike Insurance Certificate Online?

• Step 1: Go to the TATA AIG bike insurance renewal page.
• Step 2: Click on “Renew” and enter your existing bike registration number.
• Step 3: Confirm your existing policy details and make changes if required, such as opting for new add-ons or updating the IDV.
• Step 4: If you are eligible for a No Claim Bonus (NCB), ensure you apply it at this stage to reduce your premium.
• Step 5: Verify all information and complete the payment process. You will receive the renewed policy via email instantly.

• Step 1: Visit the TATA AIG claims page. Click on “Initiate Claim” and enter your registered mobile number to get access to your policy details.
• Step 2: You will receive a link to self-assess your bike. Use this link to submit details of the damage incurred by the bike, such as photos, videos, and the place of the incident.
• Step 3: The surveyor will then inspect the damage and submit the damage report.
• Step 4: Now, you can opt for either cashless claim settlement with a network garage or reimbursement claim settlement with a non-network garage.
• Step 5: Submit your claim request with all the supporting documents, such as policy documents, driver’s licence, FIR report, damage photographs and third-party details (if any).
• Step 6: After your claim settlement request has been reported, you will receive the claim registration number. The number can be used for further information about your claim.
• Step 7: Your claim will be verified as per the policy conditions, and payment will be made accordingly.

Also Read: Total Loss/Constructive Loss Bike Insurance Claim

• Duly filled and signed claim form
• Registration Certificate (RC) of the bike
• Copy of insurance policy document
• Identification proof of policyholder
• First Information Report (FIR) for theft, fire, or major accidents
• Repair bills and payment receipts (for reimbursement claims)
• Identity proof (Aadhaar, PAN, Voter ID, etc.)
• Any other documents, as requested

Please note: Depending on the claim type (cashless or reimbursement), some may also ask for photographs of the damaged bike, a surveyor’s report, or original keys in case of theft.

Also Read: Bike Theft Insurance Claim Settlement Process

• Coverage Option: Always check the coverage option provided by the first-party insurance. It should have an adequate sum insured to protect it in case of major damage or loss.
• Premium Price: Get multiple quotes on premium prices from various insurers. Compare the price and benefits provided for first-party insurance to make an informed decision.
• Cashless Garage Network: Choose insurers that provide a wide network of authorised garages offering cashless repair facilities for quicker and convenient service.
• Easy Claim Procedure: Buy a policy only from an insurer with an easy and hassle-free claim procedure. This will save you from inconvenience during emergencies.
• Add-On Options: Some insurers offer unique add-on options for extensive protection. Look for insurers with beneficial add-ons, such as depreciation, road assistance, consumables, etc.
• No Claim Bonus Benefits: Check if the insurer offers attractive No Claim Bonus (NCB) discounts. NCB can significantly reduce renewal premiums over time.
• Insurance Company: Always check the reviews and reputation of the chosen first-party bike insurance company. To avoid any inconvenience, only choose a reputable insurer.
• Customer Support: Go for an insurer with 24/7 customer assistance. Prompt support during emergencies ensures peace of mind and quicker resolutions.

Also Read: Tips for First-Time Bike Insurance Buyers

First-party bike insurance offers complete financial protection for you and your two-wheeler. From own damage to third-party liability, it ensures coverage against most unforeseen events. Choosing the right bike insurance policy is not just about compliance; it is about protecting your finances and enjoying long-term security.

At TATA AIG, we offer flexible and affordable bike insurance plans to suit every rider’s needs. Whether you want a basic third-party bike insurance or a robust first-party plan, we have you covered. Our plans come with a wide garage network, cashless claim settlement, and 24x7 customer service.

You can also customise your plan with add-ons like zero depreciation and roadside assistance. Our digital-first approach ensures that your entire bike insurance journey, right from purchase to claim, is smooth and quick.

Secure your journeys today with TATA AIG. Explore our plans online and buy bike insurance or renew in minutes.