What is Cycle Secure Insurance?

Cycling is a preferred leisure and sporting activity across all age groups. People use cycles for several purposes - exercise, travel, or simply as an environment-friendly vehicle. Cycling has gained attention from environmental sectors for its advantages over motor vehicles. 


Moreover, the health sector promotes cycling for its potential to keep people healthy. However, many risks are involved in metropolitans and other crowded cities, such as damage, theft, etc. So, it is best to opt for insurance to protect your cycle from such harmful incidents. 


This is where Bajaj Markets’s Cycle Secure insurance comes in handy. With a maximum coverage of ₹25,000, this cycle insurance policy is designed to take care of your environmentally-friendly vehicle. Read on to know more!

Key Features of Cycle Secure Policy

Several features make Cycle Secure the perfect choice. Some of these are:


Cycle Secure insurance is attractive and beneficial owing to its affordable plans.

Financial Security

This insurance provides financial security in incidents of cycle theft or damage. 

Faster Distribution

Cycle Secure has fast disbursal rates. Hence, you can rest easy knowing your claims will be met without delay. 

After your payment, you will receive the details of your selected Cycle Secure insurance on your E-mail ID and WhatsApp, along with a notification on your mobile number. Therefore, this is how you can easily activate your Cycle Secure insurance plan.

Eligibility Criteria

To opt for Cycle Secure, you should meet the following parameters:

  • You have to be a resident of India

  • Must be over 18 years of age. 

What’s Covered?

Cycle Secure insurance includes the following:

1. Emergency travel assistance:

Provides worldwide coverage for the cycle. You can get advance payments for booking travel tickets and hotels. If you are looking for bookings in India, you can get up to ₹20,000; internationally, this amount will be up to ₹40,000.

2. Doctor on Call:

You can consult renowned doctors for an unlimited time. This insurance provides on-demand and clinical expertise access via mobile app or phone call.

3. Network Discount Card:

The network discount card provides discount vouchers for partner diagnostic centres, pharmacies, and hospitals. You can redeem your vouchers on multiple partner associations. For appointment booking, you need to call 1800-103-4466 between 8 am and 8 pm (every day excluding the national holidays) and provide your voucher code to redeem the benefits.

4. Emergency roadside assistance and other road assistance:

This feature provides you roadside assistance across the country, at over 450+ places, up to 75 km from the main city. By availing this feature, you can avoid roadside blockage, flat tyre support, towing, battery jump-start, and other assistance.

5. Entertainment Benefits:

After activating the Cycle Secure insurance, you can avail of a Zee 5 entertainment subscription for a year free of cost.

6. Complimentary protection against accidental damage or theft of a cycle

After your enrollment, you will get the complimentary add-on benefits of protection against any theft and fire accident caused to your cycle. You can claim the benefit within seven days of your policy’s starting date. You can get a claim amount of up to ₹25,000.

7. 24x7 Card blocking service:

By using this service, you can block your lost debit or credit card without visiting or contacting the bank. You can report the theft or loss of your payment cards by calling 1800-419-4000. 

Read More

Policy Plan Details & Specifications

Here are the plan details and specifications the Cycle Secure insurance:

  • Coverage: You can get a maximum assured sum of ₹25,000 in Cycle Secure insurance.

  • Premium amount: The premium for availing of Cycle Secure insurance will be ₹1,399, including all taxes and GST. 


You will get maximum coverage of ₹25,000 in case your cycle costs more than ₹25,000. If your cycle costs less than ₹25,000, the maximum amount assured will be considered equal to the invoice amount. In both cases, the premium amount will remain the same, that is, ₹1,399. 

What’s Not Covered?

Cycle Secure insurance has certain exclusions. 


Here are some features excluded from this insurance policy:

1. Deliberate Losses:

This policy does not provide any blanket for any loss you might cause directly or indirectly or by any act of dishonesty or fraudulent practice.

2. Losses due to maintenance malfunction:

The policy does not cover losses due to mechanical means, electrical dysfunction, or breakdown of any article by accidental means.

3. Losses occurring during intoxication:

This insurance policy does not cover the losses caused due to intoxication by any kind of drugs, alcohol, or narcotics.

4. Losses during maintenance:

This plan is not for losses due to maintenance activities like cleaning, wear and tear, insects or mildew attacks, paints, vermin, repairing or renovation, etc. 

5. Damage to fragile products:

This plan is not responsible for covering any damage to fragile products, including cracking or scratching of crockery, breakage, glass, lenses, curious, sculptures, binoculars, sports gear, musical instruments, and other similar brittle articles.

6. Other losses

The policy does not cover any pre-existing damage or loss, along with loss or damage of misplacement, recklessness, abuse, misuse, etc. Moreover, it does not cover any legal liability as well.

Read More

How to Make a Claim?

You can claim your policy benefits effortlessly by contacting our customer care desk. You must call our customer care executives within 24 hours of damage to your cycle to avail the policy benefits. 


You can reach out to our insurance executives in various ways:

  • Call: You can call our toll-free number 1800-419-4000. You must prefix the area/city STD code before making this call.

Customer Care Details

You can get in touch with us by contacting us at insuranceconnect@bajajfinservmarkets.in. We will revert at the earliest!

FAQs on Cycle Secure Insurance

What is the maximum coverage in Cycle Secure?

The maximum amount covered in the Cycle Secure insurance is ₹25,000. However, if your cycle costs less, the particular invoice amount will be the maximum coverage.

What is excluded from the Cycle Secure scheme?

This scheme doesn’t cover situations like deliberate losses, intoxication losses, and maintenance losses. For more details, refer to the list given above. 

How much premium do I have to pay for Cycle Secure?

Cycle Secure has a mere premium amount of ₹1,399 only.

Loan Offer
Download App
Credit Score