Bike Insurance FAQs

Bike Insurance FAQs

1) What is bike insurance?
2W is a type of insurance that is mandatory in India. Falling under the General insurance product category, it helps protect people against accidents that take place on the road. 2W insurance protects the vehicle owner/ vehicle from any unforeseen occurrences like an accident or any serious damage to the motor vehicle. A two-wheeler insurance policy is provided by any of the authorized insurance companies registered under the Insurance Regulatory Development Authority of India (IRDAI).

2) Where can I buy bike insurance on 5paisa?
Any 5paisa user can buy 2W/Bike insurance. An insurance option can be found at home or in the user section > financial products. 

3) What is the process of buying bike insurance?
Select the Bike insurance option on the insurance page. Provide the vehicle registration number. Select the desired cover comprehensive/ Third party and make the payment. The policy is forwarded instantly over email.

4) Where will I receive the insurance policy?
The policy will be received over email in pdf format. 

What is the process of claim intimation?
Usually, the claims intimation process is mentioned in the policy pdf itself. In this case, the Digit policy PDF has the contact details/process to initiate a claim. The claim process is digital.  
    • Related Articles

    • What is bike insurance?

      2W is a type of insurance that is mandatory in India. Falling under the General insurance product category, it helps protect people against accidents that take place on the road. 2W insurance protects the vehicle owner/ vehicle from any unforeseen ...
    • Car Insurance FAQs

      1) What is car insurance? Car Insurance or 4W insurance is mandatory in India regardless of whether it is a commercial vehicle or a personal vehicle. Car insurance is an agreement between the insurance company and the car owner wherein, the car owner ...
    • Health Insurance FAQs

      1) What is health insurance? Your health insurance protects you and your family from paying the full costs of medical services when you're injured or sick and in return buyer pays the premium for health insurance. 2) Who can all enroll for health ...
    • Where can I buy bike insurance on 5paisa?

      Any 5paisa user can buy 2W/Bike insurance. An insurance option can be found at home or in the user section > financial products.
    • Hospital Cash Insurance FAQs

      1) What is hospital cash cover? Under the Hospicash cover, during the Policy Period, if the insured person sustains a bodily injury that results in them being hospitalized, then further procedure will be considered based on the specification in the ...