Electric Bike Insurance

● Choose appropriate add-ons as per your requirement and avoid choosing unnecessary ones.

● Go for installation of a safety device such as an anti-theft device for a possible discount on the electric bike insurance premium.

● Avoid filing unnecessary claims to keep the No claim bonus intact. Your NCB bonus accumulates to 50% if you don’t file claims for five consecutive years.

● Buy electric bike insurance policy directly through HDFC ERGO website. Avoid purchasing it through middlemen or agent.

Step 1: Visit HDFC ERGO website and click on bike insurance. Fill in the details, including your ELECTRIC bike registration number and then click on get quote.

Step 2: Choose between comprehensive and third party liability cover for your electric bike insurance.

Step 3: You can also add personal accident cover for passenger and paid driver. Furthermore, you can customise the policy by choosing add-on like emergency roadside assistance cover, zero depreciation for the battery charger, etc

Step 4: Give details about your last ebike insurance policy. E.g. Previous policy type(comprehensive or third party, policy expiry date, details of your claims made, if any)

Step 5: You can now view your electric bike insurance cost. Pay the premium via a secured payment gateway.

The electric bike insurance policy will be sent to your registered email address or via WhatsApp.

When you suffer a claim in your electric bike insurance policy inform us instantly of the claim. We would register the claim and provide you with a claim registration number that you can use for future reference. Thereafter, the e-bike motorbike insurance claim process is as follows –

As stated above, you would need a set of relevant documents to get a settlement on your claim for insurance on e-bikes. These documents are as follows –

● Claim form, filled and signed by the policyholder

● Identity proof of the policyholder

● Copy of the policy bond or insurance certificate

● Copy of the registration certificate (RC Book)

● Copy of the road tax paid

● Copy of the driving license

● Police FIR if the e-bike is stolen or if there is a third-party claim

● Non-traceable report issued by the police in the case of a theft claim

● Original invoices of repairs for reimbursement claims

● Any other document that HDFC ERGO might require you to submit.

The electric bike industry in India is still in its development stage. Manufacturing an electric bike is expensive in comparison to producing a petrol-powered two-wheeler. EV bikes and scooters are available at a price higher than their petrol counterparts in India. Since the e-bike insurance cost is based on the cost of the vehicle, the insurance for e-bikes is higher. However, the cost of third party insurance for electric scooters or bikes is lower than petrol-powered bikes. The IRDAI has notified the premium rates for electric bikes at a 15% discount compared to the petrol-powered two-wheelers.