RTI in Bike Insurance: The Ultimate Guide to Protecting Your Ride

Jun 11, 2024 3 min read
RTI in Bike Insurance: The Ultimate Guide to Protecting Your Ride

Riding a bike offers freedom and convenience, but it also comes with its share of risks. To safeguard your investment and ensure peace of mind, having a comprehensive 2 wheeler insurance policy is crucial. One of the key components that can enhance your two-wheeler policy is Return to Invoice (RTI) coverage. In this guide, we will explore RTI in bike insurance and how it can protect your ride.

Understanding Two-Wheeler Insurance

Two-wheeler insurance, commonly referred to as bike insurance, is a policy designed to provide financial protection against damages or losses involving your motorcycle insurance renewal or scooter. A comprehensive two-wheeler insurance policy typically covers:

  • Own Damage: This includes damages due to accidents, natural calamities, theft, and vandalism.
  • Third-Party Liability: Coverage for legal liabilities arising from injuries or damages caused to third parties.
  • Personal Accident Cover: Protection against personal injuries sustained in an accident.

Also Read: Two-Wheeler Insurance Claims: Understanding Third-Party Coverage

Why RTI is Essential in Your Two-Wheeler Policy

Return to Invoice (RTI) is an add-on cover available with comprehensive bike insurance policies. It bridges the gap between the insured declared value (IDV) and the invoice value of your bike, providing you with the full invoice value of the vehicle in case of total loss or theft. This is particularly beneficial during the initial years of your bike’s life when depreciation significantly impacts its value.

Benefits of RTI in Bike Insurance

  1. Complete Financial Protection: In the unfortunate event of a total loss or theft, RTI ensures that you receive the full invoice price of your bike, not just the depreciated value. This allows you to replace your bike without bearing a significant financial burden.
  2. Depreciation Shield: RTI negates the effect of depreciation, which means you don’t suffer a loss due to the reduced market value of your bike over time.
  3. Peace of Mind: Knowing that your investment is fully protected provides peace of mind, allowing you to enjoy your rides without worries.

How to Choose the Right Two-Wheeler Insurance Policy

When selecting a two-wheeler insurance policy, consider the following factors to ensure you get the best coverage:

  1. Coverage Options: Look for a policy that offers comprehensive coverage, including own damage, third-party liability, and personal accident cover.
  2. Add-Ons: Evaluate the available add-ons like RTI, zero depreciation, engine protection, and roadside assistance to enhance your policy.
  3. Claim Settlement Ratio: Check the insurer’s claim settlement ratio to gauge their reliability in processing claims.
  4. Premium Rates: Compare premium rates from different insurers to find a policy that offers good value for money.
  5. Customer Reviews: Read customer reviews and feedback to understand the experiences of other policyholders with the insurer.

Steps for Bike Insurance Renewal

Renewing your 2-wheeler insurance renewal on time is crucial to maintaining continuous coverage. Here’s a step-by-step guide to renewing your bike insurance:

  1. Check Expiry Date: Keep track of your policy’s expiry date to ensure timely renewal.
  2. Evaluate Coverage Needs: Assess your current coverage and decide if you need to add or remove any add-ons.
  3. Get Quotes: Obtain renewal quotes from multiple insurers to compare premium rates and coverage options.
  4. Review Policy Details: Carefully review the policy details, terms, and conditions before proceeding with the renewal.
  5. Complete Renewal Online: Most insurers offer easy online renewal options. Simply visit the insurer’s website, enter your policy details, and make the payment.

Check: How to Transfer Your Bike Insurance Hassle-Free

Top Insurers Offering RTI Coverage

Several insurers offer RTI coverage as an add-on in their two-wheeler insurance policies. Some of the top insurers include:

  1. Acko Bike Insurance: Known for its affordable premiums and hassle-free online services, Acko offers RTI as an add-on cover.
  2. HDFC ERGO: Offers comprehensive two-wheeler insurance with the option to include RTI, zero depreciation, and other valuable add-ons.
  3. Bajaj Allianz: Provides extensive coverage options, including RTI, to ensure complete protection for your bike.
  4. ICICI Lombard: Offers RTI and other add-ons to enhance your two-wheeler insurance policy, along with a high claim settlement ratio.

Enhancing Your Insurance Experience with CarInfo

To check your bike insurance easier, consider using the CarInfo app. This app provides a comprehensive platform to track your RC details, check your bike insurance online, and stay updated on your policy status. With CarInfo, you can also access your service history of your vehicle, RTO details, buy and sell vehicle hassle-free and even manage your e-challan payments.


Protecting your bike with a comprehensive two-wheeler insurance policy is essential, and adding RTI coverage can provide an extra layer of security. By ensuring you receive the full invoice value of your bike in case of total loss or theft, RTI safeguards your investment and offers peace of mind. When renewing your bike insurance, consider including RTI and other beneficial add-ons to enhance your coverage. Always compare policies from different insurers to find the best deal that suits your needs.

With the right two-wheeler insurance policy and RTI coverage, you can ride with confidence, knowing that your prized possession is fully protected.

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