A bike insurance policy covers bikes and scooters against any damages caused due to road accidents, natural calamities, or loss of vehicle. You can choose from two types of bike insurance,

• Comprehensive Plan - Recommended. Extensive coverage for any damages to your bike and third-parties.
• Third-Party Plan - Mandated by law. Liability-only plan covering any damages to third-parties and their property.

Important: PhonePe will NOT charge you any extra amount while buying this policy. You will only have to pay the premium amount as mentioned by the insurance provider.

• Difference between comprehensive & third-party plan
• No-claim bonus (NCB)
• Insured Declared Value (IDV)
• KYC verification
• Policy Renewal
• Policy Details & Invoice
• Claims
• Other frequently asked questions about bike insurance