The Ultimate Guide to Buying Bike Insurance Online in India

• Identity Proof: Any ID with your photo, like Aadhaar Card, PAN Card, Driving Licence, Passport, or Voter ID.
• Address Proof: Your ID proof that has your address, or any utility bill, acts as address proof. The term utility bill includes any of the recent electricity, water, or gas bills. A rent agreement or bank statement also works.
• RC (Registration Certificate): This has your bike’s number, engine number, and chassis number. This is important for the insurer to identify your vehicle. This is now also available as an RC Smart Card.
• Bike Purchase Invoice: If your bike is new, the dealer’s invoice helps to decide your bike’s value (IDV). This IDV plays a vital role in determining the premium.
• Passport-sized Photo: Some insurers may still ask for a digital photo for their records.
• Driving Licence: You must have a valid licence to get bike insurance.

Note: You can buy insurance without a DL, but you must have a DL to ride or claim.

• Step 1 Visit the Square Insurance website: Go to the official Square Insurance website and select the Bike Insurance option from the homepage to begin your purchase.
• Step 2 Select if you have a new bike: If you are buying insurance for a brand-new two-wheeler, simply click on the “Got a New Two-Wheeler” button to proceed quickly without entering old details.
• Step 3 Enter your bike’s registration number (for existing bikes): If your bike is not new, then type in your bike registration number and click “View Plans” to see the available policies for your vehicle.
• Step 4 Fill in your bike details: Choose the RTO, make, model, variant, and registration year of your bike from the given list. These details help the system show accurate plans and premiums.
• Step 5 Compare insurance plans: You will now see a list of bike insurance plans from top insurance companies in India. Review the features, benefits, add-ons, and premium amounts to find the one that suits your needs.
• Step 6 Customise your plan: Select any extra covers you want. These add-ons include Zero Dep, Engine Protector, or Roadside Assistance. You can also adjust the IDV (Insured Declared Value).

  Tip: Keep your IDV approximately 10% lower than last year’s policy for a balanced premium and coverage. Your premium becomes more affordable because a lower IDV means a lower cost.

• Step 7 Make the payment securely: Choose your preferred payment method. You can go for a credit/debit card, UPI, or net banking for the completion of the premium payment online.
• Step 8 Receive your policy instantly: Once your payment is done, your bike insurance policy will be generated and sent to your email inbox, usually within one minute.

• The entire insurance buying process is quick and hassle-free.
• You can easily compare different insurers and choose the plan that fits your needs best.
• Online plans often cost less since there are no middlemen or extra commissions involved.
• Your policy gets issued instantly, and you can download it within seconds.
• Payments are completely secure, with options like UPI, cards, and net banking.
• You also get to customize your plan by adding useful add-ons as per your needs.
• The customer care support and other insurance services are available 24/7.
• No paperwork is needed, which makes the process simple and stress-free.
• You get full clarity on pricing and coverage. This helps you to make a confident and informed decision.

• Avoid choosing the cheapest plan blindly. Check for the plans that fulfill your needs and preferences.
• Pay attention to the IDV, as ignoring it can lead to low claim amounts later.
• Do not skip essential add-ons like Zero Dep or Engine Protection.
• Double-check your bike and policy details to avoid any errors.
• Check the insurer’s claim settlement ratio to know the reliability of the insurer during claims.
• Renew your policy on time, or you may lose your No Claim Bonus (NCB).
• Take a moment to read the policy terms, or you might face surprises during claims.

• Avoid choosing the cheapest plan blindly. Check for the plans that fulfill your needs and preferences.
• Pay attention to the IDV, as ignoring it can lead to low claim amounts later.
• Do not skip essential add-ons like Zero Dep or Engine Protection.
• Double-check your bike and policy details to avoid any errors.
• Check the insurer’s claim settlement ratio to know the reliability of the insurer during claims.
• Renew your policy on time, or you may lose your No Claim Bonus (NCB).
• Take a moment to read the policy terms, or you might face surprises during claims.

• Compare plans for the best coverage and price.
• Choose the right IDV for a balanced premium and claim value.
• Add essential covers like Zero Dep or Engine Protection.
• Check the insurer’s claim settlement ratio.
• Look at customer reviews for real feedback.
• Verify cashless network garages.
• Read inclusions and exclusions carefully.
• Enter accurate bike and personal details.