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Bounce Insurance
Bounce is an Indian company that offers smart mobility solutions, making daily commutes eco-friendly, convenient, and reliable. The company is dedicated to transforming urban transportation by producing electric scooters. With increasing road safety concerns, it has become essential to secure your smart Bounce bike with a comprehensive Bounce insurance policy for protection against potential road risks of third-party damages, accidents, collisions, fire damages, natural disaster damages, etc.
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Save up to 85%# by comparing plans -
17+ Insurers to choose from -
1.2 Crore+ Bike Insured
No paperwork required!
Renew insurance in 60 seconds^⚡
Plans starting ₹1.3/day*
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About Bounce
Bounce Infinity was founded in 2018 by Vivekananda Hallekere, Anil, and Varun Agni as India's first smart transportation solution. The company set out to revolutionize daily journeys by initially launching its electric scooters in Bangalore and later expanding to other regions. Their innovative ride-sharing concept responds to the growing demand for economical and safe mobility, providing an effective option for commuters. Their range of models include the E1, E1LE, and E1+.
Popular Bounce Bike Models with Bike Insurance Price
| Bounce Bike Models | Zero Dep Cover (Add-on Cover)* | Estimated Bounce Bike Insurance Price* (1+5 Bundled Policy) |
| Bounce Infinity E1 | ₹677 | ₹2,795 |
*Disclaimer: The price of Bounce insurance varies between insurers and depends on factors like zero depreciation cover, vehicle make and model, specifications, ex-showroom price, and IDV, among others.
Bounce Bike Insurance Calculator
You can quickly calculate your premium for the Bounce insurance policy online on Policybazaar.com with our simple and free bike insurance premium calculator tool. Just input these basic details for an instant quote:
- Bike make, variant, and specifications
- Year of registration & RTO Code
- Ex-showroom Price
- Any previous claim history
Coverage Under Bounce Insurance
- Inclusions
- Exclusions
The Bounce insurance policy offers all-around protection for your two-wheeler under the following scenarios:
- Covers financial liability for third-party injuries or property damages arising from accidents involving your insured bike.
- Protects against damages caused by riots, vandalism, strikes, or other human-instigated events.
- Offers financial protection for damages caused by natural calamities such as floods, earthquakes, landslides, cyclones, and more.
- Covers the cost of repairs or replacements if your motorcycle is damaged in a road accident or collision.
- Provides compensation for complete/partial loss if your bike is stolen or suffers damages due to a break-in.
- Offers financial assistance for repairs or replacement if your motorcycle is damaged by fire.
The Bounce insurance policy has specific exclusions:
- Damages from deliberate or negligent actions, as well as situations like civil unrest or nuclear risks, are not covered.
- Accidents occurring when the rider is intoxicated or under the influence of drugs are not covered.
- Routine wear, mechanical issues, and breakdowns due to everyday use are outside the scope of this policy.
- Claims may be denied if necessary paperwork, such as a valid driver's license, registration, insurance, or PUCC, is missing at the time of filing.
- Claims are only valid within the policy term, expired policy claims will be denied.
- Damages occurring when the bike is used outside the specified geographical region of the policy are excluded.
*Disclaimer: These inclusions and exclusions represent generic coverage. Your policy document outlines the specific details of inclusions and exclusions based on the coverage type you choose.
How to Buy/Renew Bounce Insurance Online?
Getting your electric bike insured or making Bounce insurance renewals can be done easily on Policybazaar.com. Just follow these steps:
- Step 1: Head over to Policybazaar.com and select 'Bike Insurance' from the 'Insurance Products' section.
- Step 2: For Bounce insurance renewals, simply enter your bike's registration number in the box. If you're insuring a new bike, select the 'Bought a New Bike' option.
- Step 3: Fill out the necessary information in the fields and carefully review all details to ensure accuracy.
- Step 4: Explore quotes from multiple insurers to find the best coverage that suits both your requirements and budget.
- Step 5: Select the policy type that works for you, either a comprehensive plan or third-party liability coverage. For additional security, optional add-ons/riders are available under a comprehensive plan.
- Step 6: Complete the transaction using the secure online payment options. Your Bounce Insurance policy will be sent to your email immediately after payment, activating coverage instantly.
Bounce Bike Insurance Add-ons
To enhance your basic Bounce insurance policy, you can opt for add-ons/riders to get customised and extended coverage:
- No Claim Bonus (NCB) Protection Cover
- Zero Depreciation Cover
- Engine Protection Cover
- Return-to-Invoice (RTI) Cover
- 24/7 Roadside Assistance
- Passenger Assistance Cover
- Personal Accident Cover
- Consumables Cover
Add-ons for your two wheeler insurance
How to Claim Bounce Insurance Claim Online?
Filing a Bounce insurance claim is easy with these step-by-step instructions:
- Step 1: Notify your insurer right after the accident to initiate the claim process.
- Step 2 Your insurer will assign a surveyor to assess the damage directly at the location. This step ensures a thorough review of the damage for an accurate claim.
- Step 3: The surveyor will submit a detailed report on the extent of the damage to your insurer, providing the information needed for claim approval.
- Step 4: To keep the process moving quickly, submit all required documents, including ID proof, a completed claim form, RC, DL, and your policy details.
- Step 5: After verification, take your motorcycle to an insurer-approved network garage for cashless repairs, allowing you to skip upfront payments.
- Step 6: If you opt for repairs at a non-network garage, you will need to cover the upfront and submit the receipts to the insurer for reimbursement to your bank account.
Documents Needed for Bounce Insurance Claims
When raising a Bounce insurance claim for your UM Motorcycle, you'll need to provide the following documents:
- Completely filled and signed claim form
- Policy document
- Registration certificate (RC)
- Driver's licence
- FIR/Police Report (if applicable)
- Estimated repair cost
- Photos showing the damage
- Repair invoice (if applicable)
Bounce Insurance FAQs
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Q. What happens if I skip paying my Bounce insurance policy premiums?
Ans: If you do not fulfil your Bounce insurance policy premiums on time, your policy can be cancelled, and you can lose all coverage, which means no claims will be processed. You can easily make Bounce insurance renewals online on Policybazaar.com. -
Q. How long does it take to make claims under my Bounce insurance policy?
Ans: You can receive Bounce insurance claims within two days of inspection, if everything is satisfactory and gets approved. -
Q. What does a grace period mean in an insurance policy?
Ans: An insurance grace period is an extra time the insurer provides to the policyholder for policy renewal, preventing the policy lapse due to the delay. -
Q. Is the Bounce insurance policy available online for purchase?
Ans: Yes. You can purchase Bounce insurance online at Policybazaar.com. Look for 'Bike Insurance' under the 'Insurance Products' dropdown on the home page. Provide the required details and compare multiple insurance quotes from different insurers. Choose the one that suits your needs and budget, and pick add-ons if required. Upon successful payment of the policy premium, you will instantly get your Bounce insurance policy in your email.
Written By: PolicyBazaar
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Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
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^The renewal of insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for a transaction may vary subject to additional data requirements and operational processes.
^The buying of Insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for transaction may vary subject to additional data requirements and operational processes.
#Savings are based on the comparison between highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.
*TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI-approved insurance plan. Standard T&C apply.
*Rs 538/- per annum is the price for third party motor insurance for two wheelers of not more than 75cc (non-commercial and non-electric)
#Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.
*₹ 1.5 is the Comprehensive premium for a 2015 TVS XL Super 70cc, MH02(Mumbai) RTO with an IDV of ₹5,895 and NCB at 50%.
*Rs 457/- per annum is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial).The list of insurers mentioned are arranged according to the alphabetical order of the names of insurers respectively.Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
