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Benefits of ICICI Lombard Premium Calculator Bike Insurance
- 01
Accurate Bike Value
The calculator displays the present market value of your bike, which is known as Insured Declared Value, or IDV. This enables you to receive the correct coverage for your actual bike value.
- 02
Know Your Premium Cost
Through the use of the calculator, you know exactly how much you should be paying for your bike insurance. So you'll be all set to prepare your budget for it.
- 03
Make Smart Decisions
You can compare different insurance quotes easily with the calculator. This helps you find the best insurance with the right benefits and coverage for your needs.
- 04
Find Budget-Friendly Options
It shows quotes from all insurance companies in one place, making it easy to compare and choose an affordable insurance policy that fits your needs.
Bike Insurance Plans By ICICI Lombard
Third-Party Bike Insurance Premium Rates
| Engine Capacity | Premium to buy a new policy (5-year plan) | Premium to renew existing policy (1-year plan) |
|---|---|---|
| Not exceeding 75cc | Rs. 1,045 | Rs. 482 |
| Exceeding 75cc but not exceeding 150 cc | Rs. 3,285 | Rs. 752 |
| Exceeding 150 cc but not exceeding 350 cc | Rs. 5,453 | Rs. 1,193 |
| Exceeding 350 cc | Rs. 13,034 | Rs. 2,323 |
Third-Party Electric Bike Insurance Premium Rates
| Engine CC of the E-Bike | Third Party E-Bike Insurance Premium Prices (in ₹) (w.e.f 1st June 2022) |
|---|---|
| Up to 3 KW | ₹ 457 |
| Over 3 KW and up to 7 KW | ₹ 607 |
| Over 7 KW and up to 16 KW | ₹ 1,161 |
| Over 16 KW | ₹ 2,383 |
Disclaimer: The third-party insurance rates mentioned in the above tables may vary depending on the age, make, model, and city of registration of the two-wheeler.
How to Use a Premium Calculator?
To use the calculator, follow these steps:Go to the official website of Square Insurance BrokersClick on Buy Two-Wheeler Insurance.Put in details regarding your bike's make, model, and all other details as shown in the registration certificate.Choose your desired type of two-wheeler insurance.Click "Calculate Premium," and all available types of insurance options will be shown.You can also include the other covers you want and any No Claim Bonus information that you have.The calculator will then present you with your amount of premium based on the details you have provided.