Scooter Insurance

Scooter or scooty insurance covers the financial expenses in case your scooter/scooty meets with an unfortunate accident. It provides you with a sense of security and relief from the financial burden of such situations.

This plan covers damages caused by accidents, natural calamities, man-made disasters, theft, vandalism, etc. According to the Motor Vehicles Act, scooter insurance is mandatory for driving in India. Non-compliance can result in hefty fines.

Investing in a Reliance scooter insurance policy ensures you are well-protected in emergencies. The process of buying or renewing your scooter insurance is simple and can be done online.

What is Scooty Insurance ​​​& Why Do You Need One?

A scooty insurance policy, also known as a two-wheeler insurance policy, is a category of insurance that offers financial protection for your scooter or scooty in times of need.

Accidental damages or loss to your scooter or scooty can bring along significant expenses for repair and maintenance. These expenses are financially and mentally draining, while the damages can result in loss of commuting convenience.

When you buy scooter insurance for your two-wheeler, you get the following benefits -

• Compliance with the traffic rules and regulations
• Financial protection for damage repair and maintenance expenses in case of accidents, natural disasters, etc.
• Compensation for your vehicle in case of theft
• Third-party coverage in case of damage or loss incurred by third parties or their property due to your vehicle
• Customisation flexibility to personalise your base policy based on specific coverage requirements

Types of Scooter Insuranc​​e in India

There are three main types of scooter insurance available in India. All these plans offer necessary financial assistance in times of need. Understanding the different types of scooter insurance policies available is crucial to making an informed decision about protecting your vehicle.

Third-Party Scooter Insurance

A third-party scooter insurance policy protects you from the financial burden of covering compensatory and legal expenses in case your vehicle causes damage or loss to a third party or their property.

Moreover, this type of vehicle insurance is mandatory as per law, and failure to comply can result in hefty fines. Here are some important points -

• It cannot be customised.
• It does not cover any damage or loss incurred by your vehicle.
• It is mandatory under the Motor Vehicles Act 1988.

Standalone Own Damage Scooter Insurance

Standalone own-damage scooter insurance protects your scooty or scooter and finances from unforeseen circumstances.

It covers expenses incurred for vehicle repair and maintenance in case it incurs damage or loss due to natural calamities, theft, man-made disasters, accidents, and much more. Here are some important points -

• It offers complete vehicle protection.
• It is customisable with a range of add-ons such as zero depreciation cover, engine protection, and roadside assistance, among others.
• It does not include third-party liability coverage.

Comprehensive Scooter Insurance

Comprehensive scooter insurance offers combined coverage for third-party liabilities and own damage expenses. Under this plan, your vehicle damages and third-party damages are covered, ensuring maximum financial protection.

Here are some important points -

• It offers comprehensive coverage for own damages.
• It covers third-party liabilities.
• It can be customised based on specific coverage requirements by combining various add-ons.

Scooty Insurance Plans By ​​Reliance General Insurance

Also Read: Single-Year or Multi-Year Two-wheeler Insurance: Which is Better?

Key Features of ​Reliance Scoot​​er Insurance

Reliance Scooty Insurance - Inclusion & Exclusion

Inclusions of Scooter Insurance Coverage

• Damage or loss incurred due to accidents.
• Damage or loss incurred due to natural calamities - earthquakes, floods, cyclones, etc.
• Damage or loss incurred due to man-made disasters - terrorism, riots, etc.
• Damage or loss incurred by a third party or their property.
• Coverage for personal accidents to get the necessary medical treatments/compensation.
• Damage or loss incurred due to fire or explosions.

Exclusions of Scooter Insurance Coverage

• Electrical breakdowns
• Mechanical breakdowns
• General vehicle wear and tear
• Negligent driving
• Driving under the influence

Add-Ons Available for Sco​​oter Insurance

Whether you buy new scooter insurance or want to renew your current insurance of scooty, you can combine add-ons with your base policy to enhance coverage based on specific needs.

The popular Reliance scooter insurance add-ons are:

Emergency Medical Expenses

This add-on protects you in case you or the pillion rider gets injured in an accident or other unforeseen circumstances. With the compensation offered under this add-on, you can cover medical costs, such as hospital bills, doctor consultation fees, ambulance charges, treatment expenses, etc.

Consumables Expenses

Consumables refer to the components required to keep your scooter functional. Thus, with this coverage, you get reimbursement for expenses incurred to replace the necessary consumables such as coolant, engine oil, chain lube, etc.

Nil Depreciation Allowance

Depreciation or bumper-to-bumper coverage offered under this add-on allows you to benefit from reduced risk of lower claim settlements. This is because, with this add-on, your scooter’s depreciation value is not taken into account to determine and reimburse the final claim amount.

Additional Third-Party Property Damage Cover

This add-on offers additional coverage for expenses incurred due to third-party liabilities. The level of coverage offered under this add-on is higher than what is offered under the base policy and is thus beneficial when damage is caused to high-value properties.

Additional Personal Accident Cover

Even though standard scooter insurance policies offer personal accident cover, with this add-on, you get additional protection in case of accidental death or disability while using your scooter or scooty. This ensures you and your family are well-protected during road emergencies.

Return to Invoice Cover

If your scooter is stolen or damaged beyond repair, this add-on helps you get the invoice cost reimbursed instead of a depreciated market value. You get the scooter's on-road or actual purchase value, inclusive of registration and road taxes.

Daily Allowance

A daily allowance add-on offers compensatory benefits to you in case your scooter repair and replacement work is taking longer than three days. This add-on provides you with financial support to cover commute expenses till your scooter is functional again.

EMI Protection

The EMI protection add-on is helpful if your scooter repair and replacement work has taken longer than 30 days. Under this add-on, if the timeline of repair work crosses 30 days, we settle a maximum of 3 EMIs on your behalf directly with the bank, so you benefit from added peace of mind.

Helmet Cover

If your scooty or scooter helmet is damaged due to accidents or other unfavourable situations, we offer the necessary financial allowance to replace the helmet with the same model and type of helmet.

How To Buy/Renew Scooter Ins​​urance Online?

• Step 1 - Visit our website > Explore Products > Two-Wheeler Insurance
• Step 2 - Enter your vehicle registration number, mobile number, and registered email address.
• Step 3 - To buy scooter insurance, select “View Prices” for a new policy or select “Renew your Bike Insurance Policy” to renew an existing plan.
• Step 4 -

1. Reliance Scooter Insurance Purchase - Choose the policy that best suits your needs, combine add-ons, check the premium, and make the final payment.
2. Reliance Scooter Insurance Renewal - To renew, review your current policy, add or remove add-ons, check the final premium, and make the final payment.

If you have any questions, call our helpline number +91 22 4890 3009 for assistance or visit our Self-Help portal.

Benefits of Buying/Renewing Scoo​ty Insurance Online

• The online process to buy scooter insurance is quick and convenient, without the hassle of physical appointments.
• When you get scooter insurance online, you can compare different plans and premiums before making the final decision.
• The online process for scooter policy renewal or purchase requires minimal documentation and provides paperless policies.
• When you buy scooter insurance online, you can take advantage of various discounts and deals to reduce your policy premiums without much hassle.
• The online process provides complete transparency from start to finish, keeping you in the loop and ensuring you are only paying for what is covered.
• When you choose online purchase convenience, you are also assured of top-notch data security.

Things to Keep in Mind While B​​uying a Scooter Insurance

• Assess your needs and budget carefully to determine the level of coverage your scooter requires.
• Compare different plans and premiums based on the assessment done to decide between the various scooter insurance policies available.
• Assess the policy inclusions and exclusions before making the final choice to ensure you get scooter insurance that covers your requirements.
• Check for the availability of customisation flexibility along with the number and types of add-ons offered by an insurer.
• Review the online processes for policy purchase, renewal, and claim requests to reduce the hassle of physical documentation and appointments.
• Check the insurer’s claim settlement ratio to assess the efficiency and effectiveness of the claim settlement process.

Also Read: What to look for in your scooter's insurance policy​

How To Calculate Scooty Insuranc​​e Premium?

For Own Damage and Comprehensive Scooter Insurance

To calculate scooty insurance premiums for own damage or comprehensive scooty insurance policies, follow the simple steps mentioned below.

• Step 1 - Visit our website > Find and Select “Explore Products” > Click on “Two-Wheeler Insurance”.
• Step 2 - At the top of the page, enter your vehicle registration number, emai​l address and mobile number accurately.
• Step 3 - Click on “View Prices” to proceed.

For Third-Party Scooter Insurance

For third-party scooter insurance policies, the premium is decided and declared by the Insurance Regulatory and Development Authority of India (IRDAI) based on a scooter’s engine cubic capacity.

The current scooty insurance third-party price list is as follows -

Factors Affecting Scooter Insurance Premium

The premium for your scooty insurance depends on multiple factors. These aspects are related to the purchased scooter and the driver/owner’s driving habits.

Let’s take a look at them below.

● Make and Model of Scooter/Scooty

The make and model of your scooter or scooty impact your insurance premium. For instance, a high-end scooter model has a higher market value, resulting in higher premiums and vice versa.

● Age of Scooter/Scooty

The age of your scooter or scooty also impacts the scooter insurance premium. For a new scooter, the premium is higher due to the high-risk profile, while an older scooter will have a lower premium.

● Insured Declared Value

The Insured Declared Value (IDV) is the estimated current market value of your scooter. It is the sum assured you receive in case of total damage or theft. A lower IDV means a lower market value and lower premium, and vice versa.

● Location of Scooter/Scooty Purchase

The location of the policy purchase and scooter purchase also impacts the premiums. The premium is higher in accident-prone areas than in areas with a lower risk of accidents.

● No Claim Bonus

No Claim Bonus is the discount offered by various insurers as an add-on. With this add-on, you can avail of up to 50% discounts on your premiums for every consecutive claim-free year.

● Add-Ons

The number of add-ons you combine with your base policy increases the scooter insurance policy premium. Thus, when choosing add-ons, be careful and assess their coverage so that you can select only the ones you need.

● Type of Policy

The choice between third-party, own-damage and comprehensive insurance for scooters impacts the policy premium. Each offers a different scope of coverage.

● Cubic Capacity

Your scooter’s engine cubic capacity also influences the premium value. For engines with higher cubic capacity, the premium is higher and vice versa.

● All Modifications

Your premium can vary basis the nature of your scooter's modifications. For instance, engine modifications can increase premiums due to the need for extensive coverage.

● Anti-Theft Devices

Installing anti-theft devices on your scooter reduces its risk profile, resulting in lower premiums.

Ways to Reduce Premium f​or Scooty Insurance at Reliance General Insurance

● Compare Plans

You must compare different types of scooter insurance plans on our website to find a policy that fits your budget without compromising on coverage. Check the features, benefits, inclusions, exclusions and the approximate premium cost.

● Select Higher Deductibles

A deductible is the amount that you pay as out-of-pocket expenses before your insurance claim settlement kicks in. To reduce your premium, you can choose a higher deductible. Please remember that higher dedu​ctibles mean higher repair costs.

● Install Security Devices

To reduce your premium, you can install anti-theft devices on your scooter. These devices reduce the risk of theft and decrease the scooter's risk profile, resulting in lower premiums.

● Avoid Minor Claims

Multiple claims can impact your claim history and reduce the scope of No Claim Bonus discounts on premiums. Thus, you must avoid making minor claims to enjoy reduced premiums at the time of policy renewal.

● Buy Policy Online

When you buy a scooter insurance policy online, you can save money by taking advantage of up to 80% discounts on online scooter insurance premiums by Reliance General Insurance.

● Explore Long-Term or Bundled Policies

Instead of buying one-year plans, you can explore and buy long-term plans or bundled policies for extensive coverage, reduced renewal hassle and cost-effective premiums.

How to Claim Scooty Insur​ance at Reliance General

• Step 1 - The first step is to register the scooty insurance claim with us. For that, you can either call us at +91-22-4890-3009 or log into our ​Reliance Self-i App.
• Step 2 - Once you submit the claim form, you must also submit all the necessary documents to support it.
• Step 3 - We will send​ a surveyor to inspect the vehicle simultaneously. You need to submit an FIR for theft.
• Step 4 - After receiving the documents, we will thoroughly review the claim form and documents and update you on approval.
• Step 5 - Once approved, you will either be reimbursed for the expenses incurred for repair and replacement requirements, or we will settle the expenses on your behalf with a cashless claim.

Documents Required for Filing​ a Scooter Insurance Claim

• A duly filled and signed claim form.
• Your driving licence
• Your vehicle registration certificate
• A clear copy of the First Information Report (FIR)
• Scooter insurance policy document
• No Objection Certificate (if the scooter is on loan)
• Original proof of purchase of the scooter
• Repair bills for the scooter
• Photographic proof of damage incurred by your scooter

How to Transfer Scooter Insu​​rance When Selling Your Scooter?

If you are selling your scooter, you must transfer the scooter insurance policy to the new owner within 14 days of the sale. Here are the steps to follow -

1. Inform Us - The first step is to notify us about the sale of your scooter and update us regarding the buyer's details and purchase date.
2. Submit Documents - Next, you need to submit the following documents to us for verification.
• The original scooter insurance policy document.
• Scooter registration certificate
• Registration Certification (RC)
• Form 29/Form 30/Sale deed
• Proof of address of the new owner
• Proof of identity of the new owner
​
3. ​Payment - After verifying your documents, you need to pay the transfer charges to us as applicable as the final step.
4. Final Transfer - Once we receive the payment, we will initiate the transfer of your scooter insurance from you to the new buyer.

Scooty/Scooter Insurance fo​​r Popular Models offered by RGI

• Activa 6G Insurance
• Jupiter Insurance Plans
• Vespa SXL 125 Insurance
• TVS Ntorq 125 Insurance
• Honda Dio Insurance
• Yamaha Fascino 125 Insurance

Frequently Asked Questio​​ns about Scooty Insurance

• Is scooter insurance mandatory for all scooters in India?

  Yes, scooter insurance is mandatory for all scooters in India. Among all the plans, this mandate is limited to third-party insurance. However, given that this policy category does not protect your scooter/scooty, investing in comprehensive plans is recommended.

• What are some of the benefits of buying scooter insurance from Reliance General Insurance?

  Buying scooter insurance from Reliance General Insurance has multiple benefits, such as -

  1. Convenience of cashless claims
  2. 100% claim settlement ratio
  3. 10+ add-ons for customisation
  4. Network of 10,000+ garages
  5. 24/7 customer support
  6. Online convenience for policy purchase, renewal, and claim requests
• How do you file a claim for scooter insurance during an accident?

  To file an accident claim for scooter insurance, follow the steps below -

  1. Inform us regarding the incident
  2. Submit applicable proof
  3. File the claim by submitting the claim form and supporting documents
  4. Allow scooter inspection by surveyor
  5. Wait for claim approval
  6. Get claim settlement reimbursed or settled with the garage directly
• How do I renew my scooter insurance policy?
  1. Visit our website > Explore Products > Two-Wheeler Insurance
  2. Enter requested information on the top of the page, such as email address, scooter registration number and mobile number
  3. Click on “Renew Existing Policy”
  4. Review existing policy and make necessary changes
  5. Pay the premium to renew your policy
• Do I need to pay a higher premium for add-ons?

  Yes, add-ons are additional coverage options that increase your base policy protection. Thus, based on the number and types of add-ons you combine with your scooter insurance, the premium will increase.

• Can I customise my third-party scooter insurance?

  No, third-party scooter insurance cannot be customised using any add-ons. This is because this policy type only covers third-party liabilities. However, you can customise your own damage or comprehensive plans for enhanced scooter protection.

• What is a cashless claim in scooter insurance?

  A cashless claim in scooter insurance is a convenient option for filing claims in unforeseen circumstances. With this option, you can avail of a direct settlement of your incurred expenses between the authorised garage and the insurer.

  However, you must remember that this facility is only available to you if you choose a garage within the insurer’s network.

Scooter Insurance Rela​​ted Articles

Why you Should Choose a Scooter over a Motorcycle?

What Are Maxi Scooters? All You Need To Know

Scooters that Old People Can Ride Comfortably

Best Two Wheelers For Women

Cool Features In Latest Scooters

Disclaimer: *T&C Apply. For more details on risk factors, terms conditions, brochure, and exclusions, please read the policy wording and CIS carefully before concluding a sale.

Customer Count: The total no. of customers insured data is for FY24 and has been picked up from the number of lives insured for Health, Personal Accident, Overseas Travel, Domestic Travel, Workmen Compensation and Crop Insurance, Weather LOB & Fire LOB provided by IRDAI count that is master policy count. Other than these LOBs, we have also provided data for the number of certificates issued.

Claim Settlement Ratio: This is the overall claim settlement ratio for FY 2023-24 without claim outstanding at the start of the financial year as per public disclosure of Reliance General Insurance Co. Ltd.

Premium: The premium mentioned is excluding taxes for the private two-wheeler model TVS Jupiter with cubic capacity of less than 110 cc for a 1 year Own Damage Insurance policy for an IDV of 34,766. Premium used is 233/year as on 1 March 2023 and then converted into a per month basis, which gives us Rs.19/month (233/12).

Discount: The discount varies basis vehicle specifications, No Claim Bonus discount and Geographical location of the vehicle to be insured. Discounts have been calculated on the basis of the rates prescribed under erstwhile Indian Motor Tariff. Discounts are applicable only to the Own Damage section and discounts may vary as per the vehicle make, model, RTO, and age of the vehicle.