What are the features of Two-Wheeler Insurance?

A two-wheeler is one of the best and popular modes of transport. It is affordable than a four-wheeler, easily fits into your budget, and offers convenience. You also get excellent fuel economy. Moreover, the bike’s compact size makes it easy to navigate through the traffic despite congestion. However, ride safely on Indian roads with a helmet for added protection.

Two Wheeler Insurance is mandatory to protect you against financial liabilities if there is a mishap. The Third-Party Liability is compulsory for all bikes according to the Motor Vehicle Act 1988. The policy covers the injured party’s medical expenses with compensation in case of death in the accident. Moreover, it also protects against the damages caused to the third-party property or vehicle.

Comprehensive and liability coverage

The rider has the option to choose between two policies. The Comprehensive Plan protects the bike against damages caused by accidents. It also provides accidental protection to the co-passenger. The Liability Policy, on the other hand, is compulsory under the Indian Motor Vehicle Act.

Personal Accident cover

Bike owners can now benefit from this with coverage worth Rs. 15 lakh as an in-built feature of the policy.

Optional coverage

The additional coverage on Two Wheeler Insurance online gets offered at an extra cost but eases the claim process. Pillion riders get a Personal Accident cover. You receive benefits like enhanced cover for spare parts, accessories, Zero Depreciation, and many more.

No Claim Bonus transfer

You can transfer the NCB discount effortlessly for buying a new bike. It is a reward for safe driving practices and for not making claims in the previous years.

Discounts

All Motorcycle Insurance companies approved by IRDA provide many discount schemes for members of recognised automobile associations and bikes installed with anti-theft devices. Owners with an excellent driving record also receive NCB concessions.

Quick registration online

Nowadays, all insurance companies provide online buying and renewal options through their websites. This process makes it easy for you to fulfil your needs. Since all prior policy claims and additional details are available in the database, you can quickly and conveniently renew the policy online.

Add-ons

When you buy Comprehensive Two-Wheeler Insurance, choose from many add-on covers, including Zero Depreciation cover, Emergency Assistance cover, Daily Allowance benefit, Helmet cover, Return Invoice, and EMI protection. You can claim your amount in such cases through cashless and reimbursement processes.

What does it cover?

The Third-Party Insurance beneficiary is the third-party individual injured or dead in the accident. It offers coverage against factors such as bodily injuries from the third-party in an accident, accidental death, permanent disabilities caused, and damages to third-party vehicles.

How to renew?

You can opt for an online Bike Insurance renewal by visiting the company website, entering the details, selecting the plan, riders, and updating the Insured Declared Value. Pay the premium amount online and receive the document’s soft copy. It is valid proof during inspection and is fast, convenient, and secure. You also receive notifications and reminders before expiry.