Multi-year two-wheeler insurance provides extended coverage for your bike, eliminating the need for annual renewals. It is an ideal solution for hassle-free, long-term protection. With rising traffic and potential risks, having uninterrupted insurance is not just a legal mandate but also a crucial step for your peace of mind.
Opting for a multi-year plan ensures consistent coverage against theft, accidents, and natural disasters while saving money compared to yearly policies. Let’s explore why it’s a smart choice and how you can secure the best policy.
Avoid Yearly Renewals: With multi-year plans, you sidestep the hassle of renewing your policy annually, ensuring uninterrupted coverage.
Save on Premiums: Most insurers offer discounts for long-term plans, making it a cost-effective choice compared to annual renewals.
Protection Against Premium Hikes: Lock in your premium amount and stay immune to yearly hikes in bike insurance rates during the policy term.
Ease of Policy Management: Multi-year insurance eliminates the risk of lapses and penalties due to forgotten renewals, keeping you stress-free.
Disclaimer: The above mentioned prices are for a 2 year old Hero Honda Karizma R 223 CC, registered in Navi Mumbai & previous policy has expired.
Third-Party and Comprehensive Coverage: Covers legal liabilities and damages to your vehicle.
No-Claim Bonus (NCB): Enjoy cumulative NCB benefits, even with a multi-year policy.
Enhanced Protection: Add-ons like zero depreciation and roadside assistance for holistic coverage.
Digital Convenience: Easily purchase, manage, and renew policies online.
With tailored multi-year plans, we combine affordability, extensive coverage, and easy claim processes—offering the perfect blend of value and security.
Visit our website coverfox.com and enter your bike details.
Compare plans based on coverage and premium.
Choose add-ons to enhance your policy.
Make a secure payment online.
Receive your policy instantly via email.
In an era of rising expenses, safeguarding your bike with long-term insurance is both a practical and economical decision. It ensures uninterrupted protection, helps you avoid annual premium hikes, and simplifies policy management. Make the smart move today and enjoy peace of mind for years to come.
As per the Supreme Court directive, new two-wheelers are required to have a long-term third-party insurance cover—five years for two-wheelers. However, comprehensive multi-year policies are optional but recommended for broader coverage.
Yes, cancellation is possible under specific conditions, such as vehicle sale or total loss. Refunds are processed on a pro-rata basis, subject to the insurer's terms.
NCB is accumulated for each claim-free year. In multi-year policies, the NCB can be higher at the end of the term compared to single-year policies, leading to substantial premium discounts upon renewal.
Yes, insurers offer various add-ons with multi-year policies. However, the availability and terms may vary among insurers.
The policy can be transferred to the new owner, or you can opt for cancellation. It's essential to inform the insurer promptly to process the necessary changes.
