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Two Wheeler Insurance
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India 2026
Two Wheeler Insurance Policy Online in India 2026
Buying two wheeler insurance online in India has never been easier. With digital platforms like Six Finance, you can compare plans, complete digital KYC, and receive your policy document — all within minutes.
100% Digital Process
No branch visits required. Complete everything from your phone or laptop with digital KYC verification.
Instant Policy Issuance
Get your insurance policy issued instantly after document verification and payment confirmation.
IRDAI Regulated
All policies sold through Six Finance are issued by IRDAI-regulated insurers, ensuring full legal validity.
Learn
Understanding Two Wheeler Insurance in India
Everything you need to know about how two wheeler insurance works, why it matters, and its key benefits for you.
Insurance is a financial contract between you (the policyholder) and an insurance company (the insurer). In exchange for a regular premium payment, the insurer agrees to provide financial compensation in case of specified losses, damages, illness, or death.
In simple terms: You pay a small amount regularly so that when something unexpected happens — an accident, illness, or damage — you don't have to bear the entire financial burden yourself. Insurance provides a safety net for you and your family.
Insurance works on the principle of risk pooling — many people contribute premiums into a common pool, and those who face covered events receive payouts from this pool. This spreads the financial risk across a large group of people.
Features
Key Features of Two Wheeler Insurance Policies in India
Comprehensive Cover
Own-damage, third-party liability, and add-ons bundled in one plan.
Cashless Repairs
Zero upfront payment at 6,500+ authorised network garages across India.
No Claim Bonus
Earn 20–50% discount on your OD premium for every claim-free renewal year.
EV Coverage
Specialised add-ons for EVs covering battery pack and charging equipment.
24/7 Claim Assist
Round-the-clock helpline for claims, towing, and roadside emergency help.
Explore More
Two Wheeler Insurance — Explore Related Plans
Find the right coverage by exploring related insurance products tailored to your needs.
Car Insurance
Protect your four-wheeler from accidents, theft & natural calamities.
Two-Wheeler Insurance
Mandatory and affordable cover for bikes and scooters.
Commercial Vehicle
Coverage for trucks, taxis, autos & commercial fleets.
Health Insurance
Secure your health with comprehensive cashless medical cover.
Term Life Insurance
Protect your family's financial future with a term plan.
Policy Types
Types of Two Wheeler Insurance Policies
Understanding the different policy types helps you choose the right level of coverage for your needs.
Comprehensive
All-in-one: own damage + third-party + optional add-ons.
Third-Party Only
Legally mandatory minimum — covers third-party injury & property damage.
Own Damage
Covers your vehicle repairs from accident, fire, theft, or calamity.
Pay As You Drive
Usage-based — pay premium based on kilometres actually driven.
EV Insurance
Battery, motor & charging equipment coverage for electric vehicles.
Six Finance
Why Choose Two Wheeler Insurance by Six Finance?
Experience a smarter way to buy insurance — built for speed, transparency, and trust.
Fast Policy Issuance
Complete your purchase in under 5 minutes. Instant digital policy delivered to your email and WhatsApp.
Best Premium Comparison
Compare premiums from 20+ insurers side-by-side. Find the most affordable plan that suits your budget.
Trusted Insurers
We partner only with IRDAI-licensed insurers including ICICI Lombard, HDFC ERGO, Bajaj Allianz, and more.
Easy Claim Support
Dedicated claim assistance team to guide you through the entire claim process from filing to settlement.
Secure Online Platform
Bank-grade encryption and secure payment gateways protect your personal and financial information.
TP Rates
Third-Party Insurance Premium Rate List
IRDAI-fixed TP motor insurance premiums for 2025–2026. Standardised across all insurers in India.
| Vehicle Type | Engine / Power | Annual TP Premium |
|---|---|---|
| Two Wheeler | Up to 75cc | ₹538 |
| Two Wheeler | 75cc – 150cc | ₹714 |
| Two Wheeler | 150cc – 350cc | ₹1,366 |
| Two Wheeler | Above 350cc | ₹2,804 |
| Private Car | Up to 1,000cc | ₹2,094 |
| Private Car | 1,000cc – 1,500cc | ₹3,416 |
| Private Car | Above 1,500cc | ₹7,897 |
| Electric Car | Up to 30 KW | ₹2,094 |
| Electric Car | Above 30 KW | ₹3,416 |
* Rates as per IRDAI circular for 2025–26. GST @ 18% applicable. Subject to periodic IRDAI revision.
Premium Factors
How Two Wheeler Insurance Premium is Calculated
Multiple factors influence the premium you pay. Understanding them can help you optimize your insurance costs.
Vehicle Type & Variant
The make, model, fuel type, and variant of your vehicle directly impact the base premium amount.
IDV (Insured Declared Value)
The current market value of your vehicle. Higher IDV means higher premium but better claim payouts.
Age of Vehicle
Older vehicles have lower IDV and thus lower premiums. However, they may need more coverage due to wear.
Location (RTO Zone)
Vehicles registered in metro cities generally attract higher premiums due to greater accident & theft risk.
No Claim Bonus (NCB)
For every claim-free year, you earn an NCB discount (20%–50%) on your own-damage premium at renewal.
Example
Understand Two Wheeler Insurance Premium Structure with Example
Here's how a typical two wheeler insurance premium is broken down — Comprehensive Car Insurance — Sedan 1,200cc, IDV ₹6,00,000.
Premium Breakdown
Comprehensive Car Insurance — Sedan 1,200cc, IDV ₹6,00,000
Own Damage Premium (Base)₹8,500
Third-Party Premium (IRDAI fixed)₹3,416
NCB Discount (25%)- ₹2,125
Zero Depreciation Add-on₹1,200
Roadside Assistance Add-on₹350
Net Premium₹11,341
GST @ 18%₹2,041
Total Payable Premium₹13,382
Renewal
Benefits of Renewing Two Wheeler Insurance Online
Skip the paperwork and renew your policy in minutes from anywhere. Here's why digital renewal is the smarter choice.
Instant Renewal
Renew in under 2 minutes — policy active immediately on payment.
No Paperwork
Fully digital process — form, payment & download without physical docs.
NCB Protection
Preserve your No Claim Bonus by renewing before policy expiry.
Switch Insurer
Compare 20+ insurers at renewal and switch to a better plan easily.
Instant PDF Policy
Download your renewed policy PDF instantly from your dashboard.
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