Motorcycle insurance in Nepal is mandatory by law for all vehicle owners. It protects you financially against accidents, theft, and third-party liabilities. Insurance policies are regulated by the Beema Samiti (Insurance Board of Nepal). As a first-time buyer of a motorcycle or an existing owner, it is essential to understand your insurance options to protect your investment and ride confidently on Nepal’s diverse roads.

🛡️ Main Types of Coverage

1. Third-Party Liability Insurance (Mandatory)

Third Party Insurance is the minimum insurance coverages in Nepal and is mandatory by law. This policy will protect you from monetary loss when your motorbike injures other people’s vehicles or injures third parties. While the most affordable, it would not cover your motorbike’s damage or your injury.

• Required by law.
• Covers injury, death, or property damage caused to others in an accident.
• Does not cover your own bike’s damage or theft.
• Low premium, basic protection.

2. Comprehensive Insurance

Comprehensive insurance provides end-to-end protection for your motorcycle. You are protected from theft, natural disasters, accidents, and damage to your own motorcycle, so it’s the most suitable choice for newly purchased motorcycles from reputable dealers.

The insurance companies in Nepal offer full coverage with a number of advantages according to your requirements. You can also cover add-ons such as zero depreciation, roadside assistance, and personal accident cover in your policy. The premium varies according to the make and model, age, and cubic capacity of your bike

• Includes Third-Party Liability coverage.
• Also covers:
  • Own damage to your motorcycle (accidents, natural disasters, fire).
  • Theft of the motorcycle.
  • Vandalism or riot-related damage.
• Higher premium but better protection.

3. Personal Accident (PA) Cover

• Often bundled or optional.
• Covers death or disability of the rider due to a motorcycle accident.
• Can also include pillion (passenger) coverage.

⚙️ Optional Add-ons (Varies by Insurer)

• Zero Depreciation: Full claim amount without depreciation deduction.
• Roadside Assistance: Emergency help in case of breakdowns.
• Engine Protection: Covers engine damage due to water ingression or oil leakage.
• Accessories Cover: For expensive bike modifications or installed parts.

💰 Premium Factors

• Motorcycle’s make, model, and engine capacity.
• Age and market value of the bike.
• Location (urban vs. rural).
• No Claim Bonus (NCB) if applicable.

📝 Required Documents for Insurance

• Vehicle Registration Certificate (Bluebook).
• Citizenship or valid ID.
• Passport-sized photo.
• Driving license (for personal accident cover).

🏦 Top Insurance Providers in Nepal

• Shikhar Insurance
• Sagarmatha Insurance
• Nepal Insurance
• Neco Insurance
• Siddhartha Insurance
• Premier Insurance

Each offers different plans and add-ons. Always compare quotes and coverage before buying.

✅ Quick Tips

• Renew insurance annually to avoid penalties.
• File claims as soon as possible after an incident.
• Always keep a copy of your policy and contact numbers handy.

READ ALSO:- Motorbike Maintenance Tips and Ideas to keep your bike performing well with expert maintenance tips. Regular care ensures your safety and the longevity of your ride.

🏍️ How to Buy & Renew Motorcycle Insurance in Nepal

🛒 1. How to Buy Motorcycle Insurance

✅ Step-by-Step Process:

1. Choose the Type of Insurance:
   • Third-Party (Mandatory): Basic legal requirement.
   • Comprehensive: Includes theft, own damage, third-party, etc.
2. Select an Insurance Company:
   • Popular insurers in Nepal: Shikhar, Neco, Sagarmatha, Siddhartha, IME General, etc.
   • Compare premiums, coverage, and claim reviews.
3. Gather Required Documents:
   • Motorcycle Registration Certificate (Bluebook).
   • Citizenship/ID or PAN Card.
   • Valid Driving License.
   • Passport-size photo.
4. Visit an Insurance Office or Buy Online:
   • Visit a local insurance branch or agent.
   • Or use online portals (many insurers and third-party platforms like Khalti, eSewa, or insurer websites offer this).
5. Get a Quote and Pay Premium:
   • Based on your bike’s model, engine size (CC), and insurance type.
   • Pay via cash, cheque, or digital wallet.
6. Receive Insurance Policy:
   • You’ll get a physical copy and/or a digital copy of the insurance certificate.
   • Keep this with your vehicle documents.

🔁 2. How to Renew Motorcycle Insurance

🔄 Renewal Process (Every Year):

1. Check Expiry Date:
   • Motorcycle insurance in Nepal is typically valid for 1 year.
   • You can renew up to 15 days before expiry (avoid lapses to prevent fines).
2. Choose Renewal Type:
   • Stick with the same insurer or switch to another.
   • Consider upgrading to comprehensive if you only had third-party before.
3. Update/Verify Details:
   • Review your Bluebook, personal info, and any changes to the motorcycle.
4. Pay the Premium:
   • Go to the insurer’s branch, or
   • Renew online via:
     • Insurance websites
     • eSewa, Khalti, IME Pay apps
5. Receive Updated Policy Certificate:
   • It shows the new validity period and any renewed coverage.

📱 Online Insurance Renewal Platforms in Nepal

• e-Sewa – www.esewa.com.np
• Khalti – www.khalti.com
• Insurance Company Websites – e.g., Shikhar Insurance Online Portal

📝 Tips for Smooth Insurance Buying & Renewal

• Set reminders for renewal dates.
• Take photos of your policy and Bluebook for digital backup.
• Keep NCB (No Claim Bonus) if you haven’t claimed—can reduce your renewal premium.
• Read the fine print: Understand exclusions and claim procedures.

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🛠️ Motorcycle Insurance Claim Process in Nepal

1. Types of Claims

You can file a claim for:

• 🛠️ Own Damage (if you have comprehensive insurance)
• 🚧 Third-Party Liability (injury or damage to others)
• 🏍️ Theft
• 💀 Personal Accident (PA)

🧾 2. Required Documents for Claim

Prepare the following:

• Insurance policy copy
• Bluebook (Vehicle Registration Certificate)
• Valid driving license
• Citizenship/ID of the rider
• Police report (for accidents, theft, or third-party damage)
• Damage photos (accident site and bike)
• Repair estimate from a garage/workshop
• FIR (First Information Report) for major accidents or theft
• PAN card (for claim settlement over NPR 1 lakh)

📝 3. Step-by-Step Claim Process

🔹 A. Accident or Damage Claim (Own Damage or Third-Party)

1. Inform the Insurer Immediately:
   • Call your insurance company’s helpline within 24 hours of the incident.
2. File a Police Report:
   • Especially required for third-party damage, theft, or serious accidents.
3. Take Photos of Damage and Scene:
   • Include both your motorcycle and any third-party damage.
4. Submit Claim Form and Documents:
   • You can do this at the nearest branch or online (if the company supports it).
5. Surveyor Inspection:
   • An insurance-assigned surveyor will inspect the damage and approve repairs.
6. Repair Authorization:
   • Once approved, proceed with repairs at an authorized garage or your preferred one (if allowed).
7. Claim Settlement:
   • After submitting the repair bill and receipts, the insurer pays the approved amount (minus deductibles).

🔹 B. Theft Claim

1. File FIR at Nearest Police Station Immediately.
2. Notify the Insurance Company with police documents.
3. Submit Ownership & ID Proofs.
4. Wait for Police Investigation.
5. Claim settlement may take weeks/months depending on investigation results.

🔹 C. Personal Accident Claim

1. Notify Insurer if rider or passenger is injured.
2. Provide Hospital Bills, medical reports, and doctor’s certificate.
3. Submit identity proof and photos.
4. In case of death, submit postmortem report, death certificate, and legal heir certificate.

💡 Tips for a Smooth Claim Experience

1. ✅ Inform the insurer immediately after the incident.
2. 📸 Take clear photos of the damage, accident scene, and third-party vehicles if involved.
3. 📝 File a police report even for minor third-party claims—it’s often mandatory.
4. 🗂️ Keep digital copies of your documents (policy, Bluebook, license).
5. 🔧 Use insurer-approved workshops for faster processing.
6. 🚫 Avoid unauthorized repairs before inspection—it may lead to claim rejection.
7. 📅 Keep records and follow up with the claim number and contact person.
8. 🎯 Be honest in your claim—false information can lead to denial or legal trouble.

🏦 Popular Insurers Offering Easy Claims in Nepal

• Shikhar Insurance
• Siddhartha Insurance
• Neco Insurance
• Sagarmatha Insurance
• IME General Insurance

Many now offer online claim support or helpline services.

Conclusion

In short With these considerations in mind, selecting the right motorcycle insurance in Nepal is a matter of carefully weighing your needs and your finances. You’ll have to consider various levels of coverage, from third-party liability only to full-blown comprehensive policies to protect your investment. Whether you’re purchasing a brand new bike or insuring your existing one, being aware of these insurance plans allows you to make informed choices. Having the right coverage allows you to give yourself legal protection as well as financial security for your two-wheeler adventures on Nepal’s diverse roads.

Watch out the Motorcycle Insurance in Nepal: Clear Guides to Buy, Renewal and Coverage