Two-Wheeler Insurance
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Vehicle Insurance
Key Features of Protective Micro Insurance Two Wheeler insurance
Paperless Experience
There’s no need to fill out forms or submit documents to buy our two wheeler insurance online. This applies for bike insurance online renewal as well. Just share bike-related information and previous policy details to buy or renew two wheeler insurance.
Instant Claim Settlement
With our online bike insurance process, you receive instant claim settlement. Login to your NMIC account, answer a few questions, and upload the pictures showing bike damage. You will receive the claim settlement amount within a specified number of days.
Low Cost Plans
We eliminate the need for middlemen commissions and other operational costs through our digital infrastructure. It enables us to offer you low-cost two wheeler insurance plans with zero paperwork.
Why do you need Bike Insurance?
- Comply with Law
- Cover against any financial loss
- Protection against third party liabilities
- Cover against natural disasters, fire explosion, self ignition or lightning
- Coverage for bike theft, accident, riot/strikes or any external means
- Personal Accident Cover
Types of Two Wheeler insurance plans available
Third Party Bike Insurance Plan
Third-party Bike Insurance Policy is mandated by law in Nepal. It provides coverage against third-party liabilities. In other words, the policy provides financial protection if your vehicle damages another person’s vehicle/property or causes injury/death to a third party in an accident. But third-party insurance for bikes/scooters does not cover loss or damage to your two-wheeler.
Comprehensive Bike Insurance Plan
Comprehensive Bike Policy provides all the coverage offered by the Third-party Plan and also covers damages/losses incurred by your two-wheeler. This type of insurance for bikes covers events such as accidental damages, fire damages, natural disasters (floods, earthquakes, etc.), man-made calamities (riots) and theft of the insured bike.
Riders Medical Cover Plan
This might technically not qualify as a type of plan but it is an essential cover which falls under Comprehensive Bike Insurance Plan. While the insurance for bikes provides coverage against your vehicle, the PA cover offers financial protection against events such as disability/death due to an accident while riding your bike or scooter.
Third Party Bike Insurance vs. Comprehensive insurance
| Coverage | Third Party Plan | Comprehensive Plan |
|---|---|---|
| Damage/Loss to your bike | No | Yes |
| Theft of your two wheeler | No | Yes |
| Damage to Third party vehicle/property | Yes | Yes |
| Third party injury/death | Yes | Yes |
| No Claim Discount upto 50% | Not applicable | Applicable |
| Insured Declared Value (IDV) Customisation | No | Yes |
| Riders Medical Cover | Optional (Needs to be purchased separately) | Included in Comprehensive Plan |
| Cashless Claim | No | Yes |
| Instant Claim Settlement (within 24 hours) | No | Yes for own damage |
| Online Transaction | Yes | Yes |
Why Choose Protective for Bike Insunrace?
1. Comprehensive Coverage
We provide comprehensive coverage against a range of events, including accidents, thefts, natural disasters, and third-party liability. We offer flexible coverage options to ensure that you have the protection you need.
2. Quick and Hassle- free Claims
Incase of damage or loss to your bike, we have a streamlined process to help you. Our team will be there to assist you throughout the process and get your claim settled swiftly.
4. Benefits
Our team of experts is available round the clock to assist you with any queries or concerns. You can rely on us to provide prompt and efficient support whenever needed.
3. 24/7 Customer Service
As a policy holder, you can take advantage of various discounts and benefits that we offer, including non-claim bonuses, loyalty discounts, and more.
How to Claim your Protective Two Wheeler Insurance?
Documents required for raising bike insurance claim
- Driver License (DL)
- Updated Blue Book Copy
- Damaged Picture
- Estimated bill
- Bike’s Registration Certificate (RC)
- Proof of identification of the policyholder
- Bike Insurance Policy
