Is Your Two Wheeler Insured? 75% vehicle owners said “NO”

In a stunning revelation, made by Insurance Regulatory Development Authority (IRDA), 75% of two-wheelers in India ply on roads without auto insurance, and jeopardizing the lives of cyclists and pedestrians. So, if you get hit by a 2-wheeler, forget about receiving a compensation.

Read more
Get Two-Wheeler Insurance
Starting @ only ₹538/year#
  • Compare & Save upto 85%*

  • 20+ Insurers

    To Choose From
  • 1.2 Crore+

    Bikes Insured

#TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI approved insurance plan. Standard T&C apply.

Stay home & renew bike insurance in 2 minutes
No Documents Required
Get Bike Insurance starting @ only ₹538/year#
Enter Bike Number
Processing
Other options

Considering the IRDA report, the a Supreme Court has appointed a committee on road safety to design a modus operandi to identify the non-insured vehicles within 3 months and submit a report. The committee must create the protocol as a joint effort with the Transport ministry.   

K. S. Radhakrishnan, Justice (retd). & committee chairman said, “IRDA representatives informed us that most 2-wheelers ply on roads with lapsed insurance or no insurance. It has been observed that due to leniency in enforcement, most owners fail to renew their policy.”     

As per industry estimates, two-wheelers constitute 70% of all vehicles in India. Approximately 82% of vehicles in the country are privately owned, out of which a majority are two-wheelers. In the last decade, the sales of two-wheelers have exponentially grown in the rural areas where the authorities seldom check the insurance papers.

S. P. Singh, IFTRT commented, “Using an uninsured vehicle is equivalent to a criminal offense, and thus stricter punishment should be levied on the owner, as he/she is jeopardizing the lives of fellow citizens. In case of an accident, it is the liability of the owner to pay the compensation, but in absence of auto insurance, the victim is helpless.”   

A road transport ministry official said, “A few months ago, we had approached National Informatics Centre (NIC) to generate data of non-insured vehicles, state-wise. And, once we receive the report we shall send it to the states where their respective law enforcement body can take stringent action against the offenders. It could lead to a high penalty or imprisonment.” 

Justice Radhakrishnan further said, “We have requested for a ban on alcohol sales along the state and national highways. All signage on the highway for alcohol vendors should be removed by the June-end. If they fail to abide by the new regulations, we will submit the details to Supreme Court.”

Furthermore, to dissuade uninsured vehicle to run on roads, the Road Safety and Transport Bill seeks to propose a high penalty and imprisonment of the vehicle owner.

Source: This news was published on May 23, 2015 in economictimes.indiatimes.com under the title: “75% of 2-wheelers have no insurance”

Written By: PolicyBazaar - Updated: 21 July 2021
Search
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

Two Wheeler insurance articles

Recent Articles
Popular Articles
How to Check E-challan Status Online?

04 Oct 2022

In India, many road accidents are caused due to rash driving or...
Read more
How to Repair Minor Dents in Your Bike?

30 Sep 2022

A motorbike, be it of any type, need regular care to keep it in...
Read more
What is the Best Way to Finance a Two-wheeler in India?

29 Aug 2022

Buying a bike or any other two-wheeler has become easier with a...
Read more
Documents Required to Purchase a New Two-wheeler in India

04 Aug 2022

Buying a two-wheeler can be a significant step in one's life as...
Read more
Claiming for Minor Scratches in Bike is Right?

25 Jul 2022

Keeping your bike free from dents and scratches is one of the...
Read more
Best Two Wheeler Insurance Plans in India
When it comes to choosing the best two wheeler insurance plans, we’re sure you have heard enough from different...
Read more
Renew Your Two-Wheeler Break-in Insurance Policy at PolicyBazaar
Owners of two-wheelers have been getting a good night’s sleep as far as their vehicle’s insurance is...
Read more
How to Get Duplicate RC Online & Offline?
A Registration Certificate or RC is as important as the Driving License (DL) or two-wheeler insurance policy for...
Read more
Zero Depreciation Bike Insurance
Every two-wheeler goes through depreciation. Simply put, depreciation of a vehicle means a reduction in its value...
Read more
Traffic Rules in India That Every Two Wheeler Rider Should Know
A two wheeler is probably the first vehicle that most people learn to ride after a bicycle. Nothing ever compares...
Read more