What You Need To Know About Raising Multiple Claims On A Single Two-Wheeler Insurance Policy

In India, there are no specific limitations on the number of claims you can make in a year. However, making multiple claims within a year can reduce your No Claim Bonus (NCB) and increase premiums during policy renewal. *

Let’s say you have zero-depreciation two-wheeler insurance as an add-on to your comprehensive policy. In that case, there might be limitations on the number of claims you can file, typically around two, depending on the third-party bike insurance company. *

What Takes Place If You File Claims Frequently?

Your bike insurance policy does not have a cap on the number of claims you can file. But, you have to exercise caution when making repeated claims, as this will negatively impact your other benefits. Here are those additional advantages:

  • No Claim Bonus (NCB): No Claim Bonus (NCB) is a concession given at policy renewal for not filing claims in the previous year. It starts at 20% and can increase each claim-free year to 50%. If you make a claim, you lose the accumulated NCB. It’s good to avoid minor damage claims. If necessary, consider NCB protection, as it safeguards your NCB even after a claim. *
  • Premium Increase: Your insurance provider may raise your premium when you renew your bike insurance if you file claims under your bike insurance policy more than once in a calendar year. This is due to the straightforward fact that filing numerous claims increases the insurer’s financial risk, which an increase in the policy premium may offset.
  • Deductibles: It is advised not to file a claim if the cost of repairs is less than the deductibles listed in your policy document. If you file a claim without adhering to this, the deductible factor will result in an inadequate payment.
  • Zero Depreciation Bike Insurance Add-on Coverage Limit: The amount of claims you may file under this add-on coverage during a year is restricted if you select it with your two-wheeler insurance policy. *

When Is It Ideal To File A Claim?

Finding the ideal two-wheeler insurance for your bike is easy, but knowing when to file a claim may be challenging. Therefore, we’ve included a few guidelines below to help you decide when filing a claim with your bike insurance is inappropriate.

Avoid filing a claim if the repair costs exceed the No Claim Bonus concession. Similarly, if your repair bill is below the deductibles, refrain from filing a claim. Deductibles are the policyholder’s responsibility, and the insurer won’t provide a motor insurance claim amount if the payment doesn’t surpass the deductible.     

Furthermore, remember that each incident’s set deductible will differ if you raise a sum under one claim for two separate accidents.

If someone else is responsible for covering the costs of an accident-related loss, you should accept the reimbursement rather than claiming to have covered it all on your own.

*Standard T&C Apply 

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.


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