Essential Documents You Need to Purchase a Two-Wheeler

Buying a two-wheeler is an exciting experience. A bike not only allows you to carry out practical tasks such as commuting or completing errands but also gives unparalleled freedom on the road. Before you can start riding your new bike, you need to ensure that the buying process is complete, including the submission of various documents. To help you out, here’s a complete guide on the documents you will need at different steps.

Documents required for Two-Wheeler Purchase from a Dealership

When buying the two-wheeler from a dealership, these are the documents you will need: Identity proof: This can include an Aadhaar Card, PAN Card, driving licence, or any other identity card issued by the government. Address proof: This includes rental agreements, utility bills, and legal land documents. Nationality proof: This will include passports or a voter ID card.

Documents Needed for Two-Wheeler Loan/Finance

Suppose you are opting for a loan/ another financing option to buy your two-wheeler. In that case, you will have to submit the documents based on whether you are a salaried professional or a self-employed individual.

For salaried professional

1. Proof of identity: You can use your Aadhaar Card, PAN Card, voter ID Card, or passport to serve as proof of identity. 2. Proof of residence: If you have rental agreement papers, utility bills, or voter ID cards, then they may be used as proof of residence. 3. Income proof: You will have to provide payslips of the last 3 months, ITR (Income Tax Return) files, Form 16, and a salary certificate as income proof. 4. Bank statement: To verify your income and deductions, you will need to submit bank statements for the past 1 year. Additionally, a passport-sized photograph might also be needed.

For Self-employed Individuals

1. Proof of identity (same documents as mentioned above) 2. Residential proof (same documents as mentioned above) 3. Bank statement: Here, you will need bank statements of 3-6 months as proof of income. 4. Income tax return: You will need to provide your income tax return (ITR) documents from the previous three years for an evaluation of income and deductions. Here too, you may have to submit a passport-sized paragraph.

Documents Needed to Register Your Two-Wheeler 

Once the financing and the purchasing process for the bike is complete, you need to register the bike at your Regional Transport Office (RTO). Registering your two-wheeler is legally mandatory as per prevailing laws. You will need the following documents during registration: 1. Application form, also called Form 20. 2. Sales certificate, also called Form 21. 3. Road Worthiness Certificate, also called Form 22. 4. Pollution Under Control or PUC Certificate. 5. Customs Clearance Certificate (in case the two-wheeler is imported). 6. Proof of sale, which can include the manufacturer and dealer tax invoice. 7. ID proof, which can include a driving licence, PAN Card, Aadhaar Card, or passport. 8. Address proof, such as driving licence, Aadhaar Card, and passport. 9. motor insurance documents. 10. Temporary registration certificate. 11. Finance/ loan documents, or Form 34, signed by the financier and owner. 12. Affidavit, or non-judicial stamp paper. 13. Registration fee. Note that you might need additional documents on top of the ones mentioned here, as per changing laws or other factors. Nevertheless, the above lists shall help you have an estimate of the documents you will likely need when buying a two-wheeler. Once you have purchased the right two-wheeler, it is important to insure it the right way, too. As per prevailing laws, it is legally mandatory for every motor vehicle, including two-wheelers, to be insured with third-party insurance coverage. However, it may be a wiser option to upgrade it to comprehensive coverage.*

Why Opt For Comprehensive Bike Insurance for Your New Two-Wheeler

While comprehensive insurance for your bike is optional, it can prove to be beneficial in many ways, such as for the:

Financial protection (to the bike) against unexpected accidents*

For coverage in case of damage to your bike, you will need a comprehensive plan. It will not only cover third-party liabilities but also damages to the bike and its parts.

Financial protection against natural disasters*

Comprehensive insurance for your bike can help protect you financially against damages to your bike from natural disasters such as storms, floods, earthquakes, landslides, typhoons, and so on.

Protection against fire and theft*

One of the most common incidents that two-wheelers are susceptible to, include fire and theft. These often lead to financial losses for the owner. With comprehensive insurance, you get the losses reimbursed and the damages taken care of. Claims are subject to terms and conditions set forth under motor insurance policy. If your current plan does not offer comprehensive coverage, you can upgrade it when you renew your Bike insurance. To know the premium of your comprehensive insurance plan, you can use a two wheeler insurance calculator.   *Standard T&C apply. Disclaimer: The content on this page is generic and shared only for informational and explanatory purposes. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making any related decisions. Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.