1. Third-Party Liability Insurance:

   • Mandatory Requirement: Similar to car insurance, third-party liability insurance is mandatory for all two-wheelers plying on Indian roads.
   • Coverage: It covers the policyholder’s legal liabilities arising from injuries, death, or property damage caused to a third party due to an accident involving the insured two-wheeler.

2. Comprehensive Insurance:

   • Additional Coverage: While third-party insurance is mandatory, vehicle owners can opt for comprehensive insurance for broader coverage.
   • Coverage: Comprehensive insurance covers not only third-party liabilities but also damage to the insured two-wheeler due to accidents, theft, natural disasters, fire, and other specified perils.
   • Optional Add-Ons: Policyholders can enhance their coverage by adding optional riders or add-ons, such as zero depreciation cover, personal accident cover, etc.

3. Policy Period and Renewal:

   • Policy Duration: Two-wheeler insurance policies typically have a one-year duration.
   • Renewal: Policyholders need to renew their insurance policies before they expire to ensure continuous coverage. Timely renewal is essential to maintain the benefits of the policy.

4. No Claim Bonus (NCB):

   • Discounts: Just like in car insurance, two-wheeler insurance policies may offer a No Claim Bonus (NCB) as a reward for policyholders who do not make any claims during the policy period.

5. Online Renewal and Purchase:

   • Convenience: Many insurance providers in India offer the option to purchase or renew two-wheeler insurance online, providing convenience and quick processing.

6. Compulsory Personal Accident (CPA) Cover:

   • Inclusion: A compulsory personal accident cover for the owner-driver is typically included in both third-party and comprehensive two-wheeler insurance policies.
   • Coverage: This provides coverage for accidental death and disability of the owner-driver.

It’s important to note that regulations and policies may have changed since my last update in January 2022. For the most accurate and up-to-date information on two-wheeler insurance in India, including any changes in regulations or coverage details, it is recommended to check with the Insurance Regulatory and Development Authority of India (IRDAI) or contact insurance providers directly.