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National Two Wheeler Insurance – National Bike Insurance Features, Coverages & Benefits

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National Two Wheeler Insurance Policy covers the accidental loss /damage caused to your Vehicle due to any Unfortunate Accident. It also provides Life Cover to the Insured Driver. You can also get Hassle Free Claim Settlement if Something happens to your Motor Cycle. So Buy a Two Wheeler Insurance Plan offered by National Insurance Company and Protect from the Unfortunate Accidents. Check National Motor Cycle Insurance Features, Benefits, Coverages & Exclusions from below sections.

National Two Wheeler Insurance Review

Now a Days Motor Insurance is necessary for every Vehicle to Travel on the Road. Because of Increasing Accident Cases in India Motor Insurance has become necessary for every vehicle. Suppose suddenly our Motor Bike met with an accident there will be a huge loss. Sometimes total vehicle may damage, and Sometimes Death of the Driver also occurs. Nowadays, there is no guaranty to the life of the Person. Everything happens unexpectedly at any point in time and sometimes it may lead to some severe crisis such as Sudden Death of a Person or Sudden Accidents. So having Motor Insurance is necessary to have Peaceful Mind and to Travel without any Tensions. To Cover, all the Loss/ Damage Caused to the your Two Wheeler National Insurance Company has Introduced Motor Insurance Plans.

National Motor Insurance covers any loss caused to the Private Car, Motorised Two wheelers and Commercial vehicles excluding vehicles running on rails. The Owners of any Registered Two Wheeler are eligible to Take this Plan. This Policy covers accidental loss or damage occurring during the period of insurance only provided that some Terms Exceptions and Conditions. Buy a National Two Wheeler Insurance Policy and get over all the Worries.

National Bike Insurance Features & Benefits

  • National Motor Cycle Insurance provides the coverage for Vehicles used for social, domestic and for professional purpose (excluding carriage of goods other than the registered owner).
  • It also Provides the Additional Cover for Loss of Accessories.
  • National Two Wheeler Insurance Policy provides Legal Liability to the Paid Driver.
  • It Provides Increased Legal Liability and coverage upto Rs 7.5 lakhs for Third Party Property Damage.
  • You Can avail No Claim Bonus (NCB) for Claims Free Experience.
  • An Additional Discount is available for ARAI Anti-Theft Devices installed in the vehicle.
  • You can renew National Two Wheeler Insurance through Online Instantly at the Official Site.
  • The Selected Motor Cycle/Scooter Policies can be bought online using credit, debit cards as well as net banking.

National Motor Cycle Insurance Coverages

There are two types of Coverages available under National Two Wheeler Insurance Policy, They are

  • Liability Only Cover.
  • Package Policy.

Liability Only Cover:

  • It Insures you Against Legal Liability if your Vehicle involves in any Accident.
  • It Does not cover any Loss / Damage Caused to your Vehicle.
  • National Insurance Policy Covers the following Risks only under Liability Only Cover.
    • Loss caused due to Injury or Death of a Third Party.
    • It Provides Coverage upto 7.5 Lakhs for Property Damage of Third Party.

Package Cover:

National Insurance Two Wheeler Package Policy is a Comprehensive Motor Insurance policy. It Provides Coverage for both Third Party as well as Damage to your Own Vehicle, Co-passengers or self. It Covers the Loss caused to the Insured Vehicle caused due to

  • Accident by External Means like Explosion, Fire, Self Ignition and Lightning.
  • Loss caused due to Burglary, House Breaking or Theft.
  • Terrorism, Riots, Strikes or Malicious Acts.
  • It Covers the Loss caused to Natural Calamities like Earthquake, Flood, Storm, Landslide, Rockslide.
  • Also Covers the Loss caused due to Transit by Road, Rail, Inland Waterway, Air, Lift.

Exclusions of National Two Wheeler Insurance Policy

National Motor Cycle Insurance Policy does not cover any Loss due to

  • Consequential loss.
  • Loss due to wear and tear, mechanical or electrical breakdown.
  • Damage due to Failures or Breakages of Motor Bike.
  • Loss caused due to Damage of Tyres unless the vehicle is damaged at the same time when the liability of the insurer is limited to 50% of the cost of replacement.
  • It Does not cover the Loss Caused due to driving the Vehicle without a Proper License.
  • Any Loss due to Failure of part/s and allied labour led to any Accident.
  • This policy does not cover any loss to your vehicle caused outside the geographical area as mentioned in the policy.
  • Loss caused due to Driving the Vehicle under the Influence of Alcohol or Drugs.

Along with these Exclusions, National Insurance Company Deducts its Coverage at some rate on different Parts of the Vehicle. The Rate of Depreciation offered by National Insurance Company is Mentioned below.

Depreciation Rates for National Two Wheeler Insurance

  • All rubber / nylon / plastic parts, tyre and tubes batteries and air bags – 50%.
  • Fibreglass components – 30%.
  • All parts made of glass – NIL.

Rate of depreciation for all other parts including wooden parts will be as per the following table

Age of Vehicle % of Depreciation
Not exceeding 6 months NIL
Between 6 months and 1 year 5%
Between 1 and 2 years 10%
Between 2 years and 3 years 15%
Between 3 and 4 years 25%
Between 4 years and 5 years 35%
Between 5 years and 10 years 40%
More than 10 years 50%

Additional Coverages Offered by National Motor Insurance

National Insurance Company is offering several Additional Coverages for Motor Cycle / Scooter Insurance. The Addon Covers available under National Two Wheeler Insurance are as follows

  • No Claim Bonus: National Insurance Company is offering a No Claim Bonus (NCB) on Claim Free Renewals.
  • Discount on Anti-Theft Devices: It Provides an Additional Discount on ARAI (Automobile research association of India) Approved Anti-Theft Devices.
  • Third Party Liability Coverage: It Covers up to Rs. 7.5 Lakhs and Provides Lega liability on Death or Damage to the Third Party Property.
  • Transfer of Ownership: You have the facility to transfer the insurance policy within the aforesaid period from the date of transfer of ownership.

Personal Accident Cover for Owner / Driver

Along with the Above Additional Coverages, you can also get Personal Accident Cover under this Policy. Under this cover, the Owner or Driver of the Vehicle will be Insured. The Company will pay the Compensation for bodily injury or death of the owner / driver of the vehicle.

The Rate of Compensation under personal accident coverage is given in below table

Nature of Injury Scale of Compensation
Death 100%
Loss of two limbs or sight of two eyes or one limb and sight of one eye 100%
Loss of one limb or sight of one eye 50%
Permanent total disablement from injuries other than named above 100%

National Two Wheeler Insurance Buying Process

Interested Users can buy the National Motor Cycle Insurance Policy at the official website niconline.in by entering Vehicle Details, Personal Details. You can also Buy the National Two Wheeler Insurance Policy from the Nearest National Insurance Branch Office or, from the Agent of National Insurance Company. But Online buying Process is easy & Flexible compared to offline Buying Process. You need to follow the below Steps to buy the National Motor Cycle Insurance Policy Online

Steps to Buy National Bike Insurance

  • Visit the Official website niconline.in
  • Click on Motor -> Two Wheeler New Policy.
  • Then you will redirect to Online Buying Page.
  • Enter your Vehicle Details, Your Details and Calculate Premium.
  • Check the Premium Click on Continue.
  • Now Enter your Policy Details, Contact Details.
  • Confirm the Details and Proceed to Pay Premium.
  • You will get Policy Instantly after Paying the Premium.

National Motor Cycle Insurance Claim Process

You need to follow the below Steps for Prompt Claim Service in case of Unfortunate Accident occurs to your Vehicle

  • Intimate about the Loss to the Policy Issuing Office immediately after the Occurrence of Loss.
  • First lodge a FIR to the nearest Police Station in case the loss occurred due to Fire, Burglary, Theft, Damage to Third party, Accident etc., i.e. for any reason other than Act of God Peril e.g. Flood, Earthquake, inundation etc.
  • Collect relevant claim form at the nearest branch office or download it from the official site.
  • Fill the Claim Form with Correctly after reading it thoroughly.
  • Submit the duly filled Claim Form to the Policy issuing Office either directly or by an authorised Agent along with documents required /asked for.
  • The Policy Issuing Office will send Surveyor/Loss Assessor to the Spot, if Necessary.
  • The Surveyor will assess the Loss and Submit the Report to the Policy Issuing Office.
  • The Policy Issuing Office will settle the Claim and made the Payment to the Policyholder.
  • In some cases, provisional payment is also made to the Policyholder depending on the merits of the case.

Documents required in Claim Process

  • Police Reports.
  • Doctors Prescriptions.
  • Reports of Pathological Tests.
  • Cash Memos from the Chemists Shop.
  • Receipts from Surgeon, Doctors etc.

National Insurance Two Wheeler Renewal Online

You can Renew the National Insurance Two Wheeler Insurance through online at the official website by following the below simple steps. You can also renew your Two Wheeler Insurance policy by visiting the National Insurance Branch Office. But Online Renewal Process is the Flexible and easy process.

Steps to Renew National 2 Wheeler Insurance Online

  • Visit the Official website niconline.in
  • Click on Motor -> Renew NIC’s Two Wheeler Policy.
  • Enter Policy Number, Email Id and Click on Next.
  • You will then redirect to Online Renewal Page.
  • On Renewal Page you can see the Premium Amount you need to Pay to renew your Policy.
  • Check the Premium and Pay through online Using Net Banking/Credit Card/Debit Card.

National Insurance Two Wheeler Insurance Premium Calculator

You can calculate the Minimum Premium that has to be Paid to take the Policy By Using the National Insurance Two Wheeler Insurance Premium Calculator. The Amount of Premium Paid will Depends on the Vehicles Age, and any Extra Coverages you have opted for. You need to enter the below Information to buy National Bike Insurance.

  • Vehicle Details.
    • IDV.
    • Cubic Capacity.
    • Geo-Graphical Zone.
    • Add on Covers.
    • Age of the Vehicle.
  • Personal Details.
  • Contact Details.

For More Information please refer National Two Wheeler Insurance Brochure

National Two Wheeler Package Policy

National Two Wheeler Liability Only Policy

Q. What is Sum Insured Declared Value?

Ans: The IDV of the vehicle is fixed based on manufacturer’s listed selling price of the brand and model of the vehicle. It is calculated as manufacturers selling price minus depreciation.

Depreciation for fixing the IDV (Insured declared value) of the vehicle in National Two Wheeler Insurance are

Age of the Vehicle % of Depreciation for fixing IDV
Not exceeding 6 months 5%
Between 6 months and 1 year 10%
Between 1 year and 2 years 15%
Between 2 years and 3 years 30%
Between 3 years and 4 years 40%
Between 4 years and 5 years 50%