•  Step-1 Insurance Types

simplification of step 1

This is the first step of the premium calculation process of two-wheeler Insurance

  • First, we have to select the type of Insurance, whether it is for renewing, or you are selecting a new one or your policy has been expired or you are selecting the third party
  •  After that, we have to select our vehicle details (i.e name of the company and the model )
  • Then we fill up our registration details (area, year of manufacture)
  • If both the RC copy and expiring policy in owners name then select yes, if not then select no.
  • Then we have to select non-claim bonus percentage. Here it is important to know the meaning of non-claim bonus. Ncb means – insurer’s reward to the policyholder for not making a claim in the preceding years. That is, NCB – which is a discount ranging from 20-50% on premium payable cannot be claimed as a right but has to be earned by maintaining a claim-free record
  • Then we have to fill up the expiring policy details if the policy has not yet expired then click not expired, if policy already expired then click expired and if the policy expired about 90 days ago then click the option more than 90 days
  •  If the claim has been filled in expiring policy then click yes and if not then click no.


After filling all the details in step 1, the next step is the comparison process in which company are differentiated by their idv and ncb

we have already studied about ncb, now here it is very important to know about the term Idv

Idv stands for “Insured Declared Value ”which means the maximum Sum Assured fixed by the insurer which is provided on theft or total loss of the vehicle. Basically, IDV is the current market value of the vehicle.

There are various further details in step 2 which need to be filled so that proper data can be calculated as per the requirements.

Additional process

a- First select by company

b- The next step is to modify the data as per the requirements

c – additional covers

then third section is for additional covers in which we have to fill up some details about the vehicle ( for example, the value of electronics accessories, value of non – electrical accessories,. If fibre glass fuel tank is fitted then click yes and if not then click no.

next section is for Lpg /cng kit cover in which we have to select the type and the value


The next section is for the liablity covers .we have to select one type of accident cover for pillion rider.

pillion rider is ( A passenger in the seat is said to “ride pillion” or may be referred to as a “pillion.”)

e. The next section is for the discounts

Various information need to be filled so that one can know wether they are valid for any discounts or not .

f – then there is the option save your search one can evaluate their data anytime.

After the additional process is filled the click the option select and compare

when you click the select and compare option this type of comparison table of the companies comes up on the screen

one can select the apt company as per their requirements .

AFTER this process the decision making process starts in which one compares all the company and select the appropriate one out of those .

Points to keep in mind While Buying/Renewing Two Wheeler Insurance:

  1. Service centre network: Ensure that the insurance provider has a strong presence in your region.
  2. 24×7 Helpline: There should be a toll-free number where you can call in case of emergency and requirement of instant support.
  3. Simplicity of procedure of raising a claim.
  4. Read all the documents carefully: Know what is covered and what is not. The customer just pays the amount which is not covered as part of the insurance claim and the rest of the transaction is cashless. However, it is good to check on the procedure of settlement beforehand.
  5. Always renew your two-wheelers insurance before the due date to avoid the inconveniences such as vehicle inspection as well a potential increase in premium cost.


Getting a Two Wheeler insured requires minimal documentation. For a new policy, you must submit the filled up proposal form and copy of the Registration Certificate (RC). For renewals, you will need copy of the RC (Registration Certificate) along with the copy of previous insurance policy. It is advisable for you to fill your details carefully as by providing accurate and complete information you will face no issues at the time of a claim.


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