The third-party premiums of bike insurance plans are fixed and reviewed by the Insurance Regulatory and Development Authority of India (IRDAI) regularly. The current rates are as follows –
The engine capacity of the bikeAnnual premium rates5-year long term ratesUp to 75 ccINR 482INR 104576 cc to 150 ccINR 752INR 3285151 cc to 350 ccINR 1193INR 5453351 cc and aboveINR 2323INR 13,034