If you ride a motorcycle in India, it is mandatory to have third-party insurance. This insurance protects you from financial liability in case you cause damage to third-party property or life while riding. Insurers also provide comprehensive cover for riders, which is non-mandatory but comes highly recommended.
Following a High Court judgment to enhance the mandatory personal accident cover for personal cars and two-wheelers, IRDAI has decreed that the PA cover
beraised to INR 15 lakhs from the current INR 2 lakhs for cars and INR 1 lakh for two-wheelers. Premiums for this mandatory cover will increase to INR 750 per annum from the current INR 100 for cars and INR 50 for two-wheelers. General insurers are required to mandatorily provide it both for Third-Party Liability as well as Comprehensive covers.