Is bike insurance mandatory for people to buy?

Yes, if you have a bike, it is mandatory to buy bike insurance in India. As per Motor Vehicles Act, it is compulsory for every vehicle owner in India to have a valid third-party insurance policy at least. You can not ride your bike on Indian roads without a valid insurance policy as doing so is a punishable offense. You may have to face legal complications, fines and a 3-month improisnment for not having an insurance policy.

Thus, it is always advisable to buy a bike insurance policy to stay away from all the legal hassles.