Compare Bike Insurance

09-06-2025

IRDAI Proposes 18% Hike in Third-Party Motor Insurance Premiums

The Insurance Regulatory and Development Authority of India (IRDAI) has proposed an 18% increase in third-party (TP) motor insurance premiums for private vehicles. If approved, this would be the first hike since 2020. A 15% rise in two-wheeler TP premiums has also been suggested.

30-12-2024

Global Two-Wheeler Insurance Market: See Growth Predictions!

The two-wheeler insurance market reached USD 115.30 billion in 2023 and is projected to grow at a 7.1% CAGR, reaching USD 214.04 billion by 2032. This growth is driven by increasing two-wheeler sales and the need for financial protection. Insurance covers physical damage, bodily injuries, and third-party liabilities. Digital platforms and advanced technologies are enhancing customer experience and driving market growth. Mandatory third-party liability insurance in many countries also supports market expansion.

30-12-2024

Global Two-Wheeler Insurance Market: See Growth Predictions!

The two-wheeler insurance market reached USD 115.30 billion in 2023 and is projected to grow at a 7.1% CAGR, reaching USD 214.04 billion by 2032. This growth is driven by increasing two-wheeler sales and the need for financial protection. Insurance covers physical damage, bodily injuries, and third-party liabilities. Digital platforms and advanced technologies are enhancing customer experience and driving market growth. Mandatory third-party liability insurance in many countries also supports market expansion.