Coverfox.com
  • Insurance
    • Car
      • Car Insurance
      • Companies
      • Third party car insurance
      • Comprehensive car insurance
      • Car insurance calculator
      • New car insurance
      • Zero Dep Car Insurance
      • Buy Car Insurance
      • Compare Car Insurance
      • Car Insurance Articles
      • Cashless Garages
    • Bike
      • Two Wheeler Insurance
      • Two Wheeler Insurance Companies
      • Two Wheeler Insurance Claim
      • Two Wheeler premium Calculator
      • Third party Bike insurance
      • Multiyear Bike Insurance
      • Bike Insurance Articles
    • Health
      • Health Insurance
      • Companies
      • Mediclaim Policy
      • Individual Health Insurance plans
      • Critical illness insurance
      • Senior citizen health insurance
      • Arogya sanjeevani policy
      • Coronavirus Health insurance
      • Health Insurance Articles
      • Network Hospitals
    • Term
      • Term Insurance
      • Companies
      • Life insurance
      • Life Insurance calculator
      • Term Insurance calculator
      • Life Insurance Plans
      • 1 crore term insurance
      • Compare Term Insurance
      • Buy Term Insurance
      • Term Insurance Renewals
      • Term Insurance Articles
      • Life Insurance Articles
    • Investment
      • Investment Plans
      • Companies
      • Buy Investment Plans
      • Child Plans
      • Pension Plans
      • ULIP
      • Endowment Policy
      • Tax saving investment
      • Buy ULIP
      • Best ULIP
  • About Coverfox
    • About us
    • Insurance Blog
  • Claims
  • Contact us
  • Login
Buy Long Term Two Wheeler Insurance Online
Upto 80% Discount. Get Policy in 3 Minutes.
Already Bought from Coverfox?
Renew here in 2 steps
Cashless Claims Support
Dedicated support team within reach at all times.
3000+ Cashless Garages
Never worry about payments
4.7/5
star star star star half star
4.6/5
star star star star half star
Highest rated insurance website
  • Multi Year Insurance
  • Type Of Policy
  • Features Of Multi Year Insurance
  • Add On Cover
  • Benefits Of Multi Year
  • Top Rated
  • Explore
  • Top Manufacturers
  • Frequently Asked Questions

英雄联盟买外围

If you own a two wheeler, then having two wheeler insurance is essential.

In spite of vehicle insurance being mandatory under the Motor Vehicle Act, 1988, around 75% of bikers ride uninsured two wheelers.

Some just don’t want to invest further on their vehicle. While others have trouble in remembering renewal dates.

_That’s where a multiyear or a long-term two wheeler insurance policy jumps to your rescue._

What is Multi-Year Two Wheeler Insurance?

While general two wheeler insurance plans are designed for one year and have to be renewed annually, a multi-year two wheeler insurance policy is unique. This policy allows two wheelers to be insured up to three years consecutively at one time. Policyholders don't have to renew the insurance contract each year as they receive a policy certificate for a maximum of three years cover.

Types of Two Wheeler Insurance Policy

Third Party Two Wheeler Insurance
Third Party Two Wheeler Insurance
Comprehensive Two Wheeler Insurance
Comprehensive Two Wheeler Insurance
Own Damage Two Wheeler Insurance
Own Damage Two Wheeler Insurance

Features of Multi-Year Two Wheeler Insurance

  • Third-Party Liability Cover: This insurance plan covers you against expenses arising out of damages and losses faced by a third-party in case an accident was caused by your vehicle.
  • Own Damage Cover : Apart from third-party liability, some insurers also offer own-damage cover that protects your own vehicle against theft, accidental damages and losses caused due to natural and man-made disasters.
  • Personal Accident Cover for owner/driver : In case of death or total disability due to accident caused by own vehicle, the owner/driver is compensated up to a certain amount with the personal accident cover.
  • Co-passengers can also avail personal accident cover: At a little more premium, co-passengers too can get financially protected with a personal accident cover.
  • Cashless claims can be availed at selected partner garages: Arranging funds for bike repairs and then waiting for claim reimbursement can be troublesome. But, some multiyear two wheeler insurers allow you to easily make cashless claims at authorized network garages.
  • Quick issuance of policy online: No hassles of paperwork. Documentation and issuance process of policy is easily and quickly done online. You receive one policy document for complete three years.
  • Option to port your two wheeler insurance from one insurer to another: Once you complete your policy tenure of maybe three years with a multi-year two wheeler insurance , you can easily port your insurance policy from one insurance company to another.

Add-on Cover for Two Wheeler Insurance

Zero Depreciation

Zero Depreciation Cover

Roadside Assistance

Roadside Assistance

Return to Invoice

Return to Invoice

No Claim Bonus

No Claims Bonus

Daily Allowance Benefit

Daily Allowance Benefit

EMI Protection

EMI Protection

Engine Protection Cover

Engine Protection Cover

Top Plans
Tab 1
Tab 2
Carousel plan image
tag
Reliance General Insurer
Amount Covered: ₹ 1 Lakh
Deal Price: ₹ 2,094 / Year
Waiting period: 4 yrs

Disclaimer: The above mentioned prices are for a 2 year old Hero Honda Karizma R 223 CC, registered in Navi Mumbai & previous policy has expired.

×

Get Lowest Rates for bike Insurance

Buy/Renew Two Wheeler Insurance Plans Online

Benefits of Multi-Year Two Wheeler Insurance

Opting for a multiyear two wheeler insurance policy is indeed advantageous: Long Term Policy for Long Run Riders

  • You can save up to 20–40% upfront on premium: IRDA hikes the third-party liability portion of the premium by up to 20% each year. Multiyear insurance saves you against the hike of third-party premium as well as service tax. So, in comparison to a single-year policy, you save up much more with a multi-year two wheeler insurance policy.
  • Eliminates the hassle of yearly renewal: Renewing your policy once for three continuous years is stress-free as compared to renewing it annually. Having a policy that has lapsed by a single day can prove to be a disaster because it’s risky to take your bike out on the roads in such a situation.

    In the event of an accident, you can’t even make a claim.

    Your insurer may demand for a vehicle inspection before renewal. You may have a tough time finding a new insurer. The chaos won’t stop.

    Having a long-term two wheeler insurance policy would kill the threat of all such complications.

  • Protection for long-term: Enjoy long-term financial protection of your vehicle for three years. Ride safely and happily knowing that you don’t have to worry about third-party liability or own damage expenses for the entire three-year tenure. Also, you receive one policy document that is valid for three years.
  • Cancellation of policy is very easy: Some insurers have designed the multi-year insurance product to make policy cancellation/termination easier. In a single year plan, if you make a claim in case of theft/loss, you are not eligible for premium refund.
  • However, in multi-year plan, you can receive a certain percentage of the premium for all the unexpired years. The refund depends on the tenure of the policy utilized. Although the refund terms & conditions vary from one insurer to another, they should be reviewed before purchasing the policy.

  • Lucrative discounts offered: At times, insurance companies offer upfront discounts on multi-year two wheeler insurance policies.

Top Rated Two Wheeler Insurance Companies

HDFC ERGO
HDFC ERGO Two Wheeler Insurance
Reliance
Reliance Two Wheeler Insurance
Oriental
Oriental Bike Insurance
Bharti AXA
Bharti AXA Two Wheeler Insurance
Go Digit
Digit Two Wheeler Insurance
Kotak
Kotak Two Wheeler Insurance
Royal Sundaram
Royal Sundaram Two Wheeler Insurance
National
National Two Wheeler Insurance
SBI
SBI Two Wheeler Insurance
Liberty General
Liberty General Two Wheeler Insurance
Magma HDI
Magma HDI Two Wheeler Insurance
Shriram
Shriram Two Wheeler Insurance
Universal Sompo
Universal Sompo Two Wheeler Insurance
ICICI Lombard
ICICI Lombard Two Wheeler Insurance
Edelweiss
Edelweiss Bike Insurance
United India
United India Bike Insurance
Bajaj Allianz
Bajaj Allianz Two Wheeler Insurance
IFFCO TOKIO
IFFCO TOKIO Two Wheeler Insurance

Explore More About Two Wheeler Insurance

Two Wheeler Insurance Claim
Two Wheeler Insurance Claim
Two Wheeler Premium Calculator
Two Wheeler Premium Calculator
Two Wheeler Premium Calculator
Two-wheeler insurance company

Top Two Wheeler Manufacturers in India

BMW Two Wheeler
BMW
Honda Two Wheeler Insurance
Honda
Hyosung Bike Insurance
Hyosung
Kawasaki Two Wheeler Insurance
Kawasaki
KTM Two Wheeler Insurance
KTM
LML Two Wheeler Insurance
LML
Mahindra Two Wheeler Insurance
Mahindra
Triumph Two Wheeler Insurance
Triumph
Royal-Enfield Two Wheeler Insurance
Royal-Enfield
Indian Two Wheeler Insurance
Indian
BAJAJ Two Wheeler Insurance
BAJAJ
Piaggio Two Wheeler Insurance
Piaggio
TVS Two Wheeler Insurance
TVS
Yamaha Bike Insurance
Yamaha
Harley-Davidson
Harley-Davidson
Suzuki Two Wheeler Insurance
Suzuki
Aprilia Two Wheeler Insurance
Aprilia
Hero Two Wheeler Insurance
Hero

Frequently Asked Questions

  • Q. What is a multi-year bike insurancepolicy?
    • Like the name suggests, a multi-year policy is an insurance plan with a tenure of more than 1 year. So, if you buy a 3-year insurance policy plan for your two-wheeler, then you don’t have to worry about renewing it until the end of the policy tenure, i.e. three years.

  • Q. Why should I buy a multi-year plan for my two wheeler?
    • Insuring your bike with a multi-year insurance plan frees you from the hassle of renewing you’re the insurance policy year-on-year. You pay once and stay free from renewals for the next three years. Moreover, a single policy document is valid for three years. Now that’s good news! You also protect yourself from revisions in third-party premium rates, which increase as per IRDA regulations. This means you’re saving on premium too! Another advantage is that you get to avail the benefits of no-claim bonus during the three-year long tenure, even if you make a claim during the policy period.

  • Q. Will I get a refund if I want to cancel the insurance policy before the tenure of my multi-year policy is complete?
    • Yes, you will get a refund, and it will depend on the tenure of the policy utilized. The terms and condition of refunding differ from one insurer to another, so you should always read the policy document carefully before purchasing a plan. You can always ask your Coverfox insurance advisor to help you understand the policy terms and conditions. We’d be happy to help.

  • Q. What if I want to switch to another insurer before the tenure of my multi-year policy is complete?
    • You can easily raise a request to cancel your current policy and buy a new one. The refund will be calculated based on the tenure of the policy utilized and transferred to you as and when the request is raised.

  • Q. How can I raise an endorsement if I have change certain details in my multi-year policy?
    • There is no difference in the way endorsements are raised for a multi-year plan. Whether you’d like to get your misspelt name corrected or change your address, you can contact our Customer Service Unit and raise a request for the endorsement.

  • Q. What will be my NCB once my multi-year policy tenure is over?
    • No claim bonus is simply the discount that you get on own-damage premium for a claim-free previous year. The more number of consecutive claim-free years you have, the more percentage discount you accumulate for your next renewal.

Show more
Written By: Coverfox - Updated: September, 2022.
Customer Reviews
Average Customer Rating:
Multi Year | Long Term Two Wheeler Insurance: Buy or Renew at Coverfox
5 / 5 ( 1 reviews )
Write a review
Close
icon Two Wheeler Insurance icon Multiyear Bike Insurance
×

Get Lowest Rates for bike Insurance

With Upto 80% Discount

  • Secure
  • Licensed By
  • Payment Options
  • Car Insurance
  • Bike Insurance
  • Motor Insurance
  • Commercial Vehicle Insurance
  • Travel Insurance
  • Car Insurance Premium Calculator
  • Family Health Insurance
  • Senior Citizens Insurance
  • Group Insurance
  • Corona Rakshak Policy
  • Corona Kavach Policy
  • Super Topup Plan
  • Term Insurance
  • ULIP
  • e-Term Plan
  • 1 Cr Term Insurance
  • कार इन्शुरन्स
  • टू व्हीलर इंश्योरेंस
  • टर्म इंश्योरेंस
  • हेल्थ इंश्योरेंस
  • मेडिक्लेम पॉलिसी
  • Learn About Insurance
  • Network Hospitals
  • Cashless Garages
  • Get Android App
  • Get iOS App
  • Learn
  • About Us
  • Contact Us
  • Careers
  • Sitemap
  • FAQs
Connect with us
Become a Partner
Become a Coverdrive POS Agent

Coverfox Insurance Broking Pvt. Ltd. : C Wing, 6111-6118, 6th Floor, Oberoi Garden Estate, Chandivali Farm Road, Chandivali, Andheri (East), Mumbai - 400072

Licence No. 478 , IRDA Direct Broker Code: IRDA/ DB 556/ 13 , Valid till: 26/12/2022 , CIN: U66000MH2013PTC243810

  • Shipping & Delivery Policy
  • Privacy Policy
  • Cancellation & Refund
  • Terms & Conditions
Copyright © 2022 Coverfox.com. All Rights Reserved
亿电竞(西安)比分新版v9.9 JJB电竞外围 电竞竞猜直播新版 dota2 28加拿大位置走势APP查询网 大神电竞手机版网站