Why should I insure my bike
Having a bike insurance protects you against major financial loss in the case of an accident involving your bike. Also, its mandatory for all vehicles plying on public roads to be insured.
A Comprehensive insurance policy would cover damages to any third party due to an accident involving your bike and also would cover damages to your bike upto the value insured (IDV). Though only a third party insurance policy is mandatory for a bike to run on public roads, it is recommended to always insure your bike with a comprehensive policy so that any financial burden can be reduced in case of any accident.
Third party or Liability only policy would cover damages to any third party due to an accident involving your vehicle.