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Benefits of Two-Wheeler Insurance from Royal Sundaram

Don't worry. Enjoy your ride. We have you covered.

At Royal Sundaram, we want you to ride your two-wheeler with 100% safety and peace of mind. With the Royal Sundaram Two-Wheeler Insurance policy, we help protect you from the risk of loss in lakhs of rupees.

Key Benefits of two wheeler insurance

Two-Wheeler Insurance Online
Two-Wheeler Protection
We shield your Two-wheeler
We understand how important your ride is to you. It is your pride and joy & we aim to protect it against loss or damage due to theft or accident.
Two-Wheeler Accident Insurance
We shield you
We help you be prepared for the unforeseen. You are covered by a Personal Accident Cover for a minimum of Rs.15 lakh. You can extend cover for passengers too.
Two-Wheeler Liability Protection
We shield against liability
God forbid, in case you are in an accident involving a third party, the policy covers your financial liability for damage to their property.
Royal Sundaram Bike Insurance Online

Why choose Royal Sundaram?

Easy Bike Insurance Claims
Trusted By 5 Million Indians
96% Processed Claim Settlement

Quick Painless Claims

Trusted by 5 Million Indians

Affordable Premiums

Reliable and fail-safe, like well-oiled brakes.

We secure you like a helmet

Our policy will offer maximum protection - in any contingency.
No Claim Bonus under Bike Insurance
Don't lose your No Claim Bonus

When you move your insurance policy to Royal Sundaram, you'll be able to transfer your NCB. It will keep growing just like it was previously (in case of no claim).

Protection from inflation
Protection from inflation

You will not need to pay any extra premium even if there is an increase in Third party premium during the course of the policy period.

One-Time Payment
One-Time Payment

You can buy/renew insurance for two- wheelers for a period of two or three years.

Minimal Documentation
Minimal Documentation

Just one policy document will be issued for the entire policy period. You dont have to take care of multiple papers.

Quick Two-Wheeler Insurance Claim Settlement
Quick Claim Settlement

Claim settlements processed within 10 working days.

Our Two-Wheeler Insurance acts like a shock absorber, always around to cushion the blow.

Backed by our powerful network and technology.

VIR App
VIR APP
A two-wheeler inspection process that's completely digital – from the comfort of your home in just 20 minutes.
M-Chatra App
M-CHATRA APP
A one-stop app for all policy details, claim processes and other requests.
100% Simplified Claims
100% SIMPLIFIED CLAIMS
We provide multiple, hassle-free ways to reach out to us for a claim. We fast-track claims in less than 5 days.
Our Cashless Garage Network
OUR GARAGE NETWORK
Our trusted garage network across India will provide repairs and priority service to you as a Royal Sundaram two wheeler Customer.

We stand by you when you need it most.

  • Thank you Shrilekha I am in receipt of the insurance copy. I feel such great pleasure to see Royal Sundaram’s prompt and unconditional service. This makes you different from others. Really thankful to you.

    User
    Badrish
    5 th June 2020
  • Thank you Divya for the helpfulness during these difficult times. This really stands for the character of heroes like you in our lives. I can't thank you enough for this timely help, and helping me adhere to my duties as a parent.

    User
    Amit
    4 th April 2020
  • Great service makes your customers feel that you care about developing a long-term relationship that means more than just making a sale. I would love to recommend Royal Sundaram to anyone who needs a policy. Keep up the good work.

    User
    Nilesh
    8 th Nov 2020
  • Happy with the roadside assistance from Royal Sundaram. Prompt and effective response from the team.
    Thank you so much.

    User
    Mr Somarajan Mani
    28/03/2019
  • Happy with the roadside assistance from Royal Sundaram. Prompt and effective response from the team.
    Thank you so much.

    User
    Mr Somarajan Mani
    28/03/2019
  • Happy with the roadside assistance from Royal Sundaram. Prompt and effective response from the team.
    Thank you so much.

    User
    Mr Somarajan Mani
    28/03/2019

We bring you clarity, just like a good visor in a storm.

Have a question on Two-Wheeler Insurance? Search for it.

When buying a two-wheeler insurance policy online, knowing how much premium to pay for the policy and then comparing it with other policies is one of the most crucial steps in your research. An online two-wheeler insurance calculator makes this task easy and helps you in calculating the premium you will be paying for your bike insurance policy.

By using this calculator, you can find a policy that provides the best coverage for your bike. At the same time, you only pay the premium that you can afford and nothing more.

How to use a Two-Wheeler Insurance Premium Calculator?

  • First, fill in all the details of your bike such as the variant, make and model.
  • Next, fill in the location of registration and the purchase year
  • If you've filed a claim in the past, then provide the details.
  • Check the Insured Declared Value (IDV), the premium quotes and select the plan you want.
  • Choose between a comprehensive or liability insurance plan.
  • You will then get the final premium amount for your two-wheeler insurance

It is important that you renew your bike insurance before it expires so that you continue to enjoy the benefits of coverage. Renewing your bike insurance online is easy, follow the below steps:

  • Visit your royal sundaram's insta renew page or click here.
  • You can login through your mobile number and OTP.
  • You need to verify and validate your details.
  • Next, you will have to make the premium payment.
  • After the payment is successful, your policy will be renewed.

In an online two-wheeler insurance policy, you do not need any physical verification of your vehicle. The other advantage of renewing your two-wheeler insurance online is quick receipt of the new policy and no requirement of any documentation. If you face problems during the renewal of the policy, you can always get in touch with our customer service.

It is important that you consider the below-mentioned factors when you opt to buy suitable two-wheeler insurance for your bike:

  • Know your coverage requirement: It is important to consider which coverage would best suit your needs. Bike insurance is of two types: third-party insurance and comprehensive insurance; so, choose one as per your needs.
  • Research on insurance providers: Look up reputed insurance providers with a high claim settlement ratio and a varied offering of bike insurance plans and add-ons. By complimenting your insurance policy with appropriate add-ons, you can completely protect your vehicle.
  • Compare the premium quotes: Using an online premium calculator, you can check which provider offers insurance coverage that is best suited for your needs. A higher premium does not always mean that the insurance policy is the best one; it quite depends on how much protection your vehicle requires.
  • Read all the offer documents: Once you choose your two-wheeler insurance policy carefully, be sure to read the offer documents before making the purchase. Consider the inclusions before finalizing the insurance policy.

It is a COMPREHENSIVE insurance policy to cover your vehicle against potential risks of theft, accidental damage to your vehicle, liability arising due to accidents caused to third party for a period of two/three years through a single policy document.

Your Two wheeler is your prized possession! Availing a comprehensive insurance policy is prudent, which not only covers your Two wheeler, but also your family members pillion riders in your two wheeler.

A Two wheeler Insurance Policy is mandatory under the Motor Vehicle Act. Every two wheeler owner must have an insurance which covers third party injury, death or property damage. With Two wheeler Insurance, you can cover-

  • Two wheeler against theft, accidents, disasters such as floods, earthquake, fire, etc.
  • Family members (including self) with Personal Accident Policy
  • Pillion riders
  • Damage to someone else's vehicle or property
  • Injury/Death of another person due to accident caused
  • Insured's Declared Value (IDV)
  • Cubic Capacity of the vehicle
  • Geographical Zones
  • Age of the two wheeler

The geographical zones are-

Zone A - Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, Mumbai, New Delhi and Pune.
Zone B - Rest of India

Yes, the policy can be cancelled by the customer with 7 days notice to the Insurer and the company will cancel the policy on Short period basis and refund of premium if any, will be made. The refund will be subject to no claim under the policy and retention of minimum premium of ₹100/-. But cancellation would be made only after ensuring that the vehicle is insured elsewhere at least for Liability Only policy.

Factors that affect your 2 wheeler insurance premium are:

  • Insured Declared Value or IDV (present market value of the vehicle)
  • Cubic Capacity (CC) of the vehicle
  • Place of registration (Zone A / Zone B)
  • Age of the vehicle
  • Policy Tenure 2 /3 years

IDV for each year (1st year, 2nd Year and 3rd Year) will be computed as per depreciation chart in Motor Tariff. The same will be reflected in the policy wordings. An illustration is given below Example: A Two wheeler invoiced at and purchased on 01.06.2013 for ₹40,000 shall be covered for following IDVs for the Long Term Motor Two Wheeler Package Policy during 01 06 2016 to 31 05 2018:

Period of Insurance

Depreciation

IDV

From

To

01.06.2016

31.05.2017

30%

28,000

01.06.2017

31.05.2018

40%

24,000

01.06.2018

31.05.2019

50%

20,000

No additional premium will be collected from the customer if there is TP premium revision during currency of the policy.

Minimum premium is ₹200 for a 2 year policy and ₹300 for a 3 Year policy

The following rates of depreciation shall apply for replacement of parts for partial loss claims in respect of all categories of vehicles / accessories.

SL.NO

CATEGORY

RATE

1.

Rate of depreciation for all rubber nylon/ plastic parts, tyres and tubes, batteries and air bags

50%

2.

Rate of depreciation for all fibre glass components

30%

3.

Rate of depreciation for all parts made of glass

Nil

4.

Rate of depreciation for all other parts including wooden parts is to be as per the following schedule

 

AGE OF THE VEHICLE

% OF DEPRECIATION

Not exceeding 6 months

Nil

Exceeding 6 months but not exceeding 1 year

5%

Exceeding 1 year but not exceeding 2 years

10%

Exceeding 2 years but not exceeding 3 years

15%

Exceeding 3 years but not exceeding 4 years

25%

Exceeding 4 years but not exceeding 5 years

35%

Exceeding 5 years but not exceeding 10 years

40%

Exceeding 10 years

50%

Customer has an option to cancel the existing annual policy and take a fresh long term policy by paying necessary premium subject to submission of proposal form applicable for Long term 2W package policy. The cancellation of existing policy will be on pro rata basis and subject to no claim.

No customer cannot extend his 2 year policy to 3 year policy. He can cancel his 2 year policy and take a new 3 year policy.

The NCB will be offered as per your eligibility on renewal.

Three Year Policy:

For a New vehicle, the NCB will normally begin at 0% and will remain so for the duration of the policy. If there is no accident during the currency of the policy, we will offer 35% NCB on renewal of the policy for the next slab of 3 years. You will be given a choice to opt for either a 2 year or 3 year policy at the time of renewal. If one claim is reported during any of the three years, the NCB on next renewal will drop by one slab to 25%. If 2 claims are reported during the current term of the policy, You will not be eligible for any NCB on renewal.

Two Year Policy:

For a New vehicle, the NCB will begin at 0% and will remain so for the duration of the policy. If there is no accident during the currency of the policy, we will offer 25% NCB on renewal of the policy for the next slab of 2 years. You will be given a choice to opt for either a 2 year or 3 year policy at the time of renewal. If one claim is reported during any of the two years, the NCB on next renewal will drop by one slab to 20%. If 2 claims are reported during the current term of the policy, You will not be eligible for any NCB on renewal. The same logic will follow for old vehicles for various slabs of eligible NCB at the time of taking the policy. If You are eligible for NCB, You will be offered that NCB for the period of three years. On renewal, the next slab of NCB (as provided in the Policy Wordings) will be offered. An illustration of NCB applicability at renewal for various scenarios is given below:

Expiring Policy Tenure - 2 Years Expiring Policy Tenure - 3 Years
NCB at inception No of OD Claims NCB eligibility on renewal NCB at inception No of OD Claims NCB eligibility on renewal
0% 0 25% 0% 0 35%
0% 1 20% 0% 1 25%
0% 2 or more 0% 0% 2 or more 0%
20% 0 35% 20% 0 45%
20% 1 25% 20% 1 35%
20% 2 or more 0% 20% 2 or more 0%
25% 0 45% 25% 0 50%
25% 1 35% 25% 1 45%
25% 2 or more 0% 25% 2 or more 0%
35% 0 50% 35% 0 50%
35% 1 45% 35% 1 45%
35% 2 or more 0% 35% 2 or more 0%
45% 0 50% 45% 0 50%
45% 1 45% 45% 1 45%
45% 2 or more 0% 45% 2 or more 0%
50% 0 50% 50% 0 50%
50% 1 45% 50% 1 45%
50% 2 or more 0% 50% 2 or more 0%

Name transfer endorsement is permitted in the policy as per tariff guidelines subject to NCB recovery for remaining period if applicable. Transferee will continue to get the long term benefits.

All endorsements as per policy terms and conditions are allowed.

 

If there is a change of Zone (from B to A) due to change in registered address additional premium for the balance period will be collected from the insured.

 

Accidents can occur at any time, any place, even if it is not your fault. But with Insurance you can recover from it financially. With comprehensive Two wheeler insurance, the Insurer will protect you against any loss or damage to the two wheeler and its accessories during following unforeseen events:

  • Fire, explosion, self ignition or lightning
  • Burglary, housebreaking or theft
  • Riot or strike
  • Earthquake (fire and shock damage)
  • Flood typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost
  • Accidental external means
  • Malicious act
  • Terrorist activity
  • Whilst in transit by road, rail, inland- waterway, lift, elevator or air

 

The discounts that can be allowed under the Two wheeler Package Insurance policy are:

  • Voluntary Deductible discount
  • No Claim Bonus
  • Automobile Association Discount

 

  • One-time payment – Premium for all three years to be paid at inception for a long term insurance.
  • Convenience – Free from hassles of renewing your policy each year.
  • Protection of No claim bonus – NCB will not become nil in case of one claim during the currency of the policy.
  • Protection from inflation – No need to pay any extra premium even if there is an increase in Third party premium during the course of the policy period.
  • Easy to keep record – Only one policy document will be issued for the entire policy period of 2/3 year.

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