I bought a secondhand bike for Rs.15000. DoI still need to buy insurance, since the bike is cheap

[hayat]

I have bought a second-hand bike for 15000 rs. Do I still need to buy insurance, since the bike is so cheap

[shyamprasad]

Third party insurance is compulsory in India so you need to buy that. If you are sure you can afford repairs, then don’t spend money on insurance