What is Two Wheeler Insurance?
Two Wheeler Insurance, Otherwise Known as Bike Insurance, is an Contract Between the Insurance Company and the Bike Owner Wherein the Insurer Covers the Amount of Damages Caused to a 3rd Party or in Some Cases Even the Bike Owner and His Bike. A Two Wheeler Insurance Policy Protects the Bike Owner Against Unforeseen Events Such as Robbery, Natural Disasters, Man Made Calamities or Even Damages Caused to Third Person and Bike. According to the Motor Vehicles Act, 1988, It is Mandatory for Every Bike Owner to Purchase a 3rd Party Insurance to Get Protection Against Death, Disability and Damages Caused to Third Person or Two Wheeler. Purchasing Comprehensive Two Wheeler Insurance is a Matter of Choice Depending on the Needs of the Bike Owner.
Two Wheeler Insurance
In India, Buying Two-wheeler Insurance is Required by Law. The Insurance is Vital to Get Financial Monetary Against the Damages That May Occur Due to Accident. The Type of Cover You Get Depends on the Type of Two-wheeler Insurance Plan You Choose. Today, Two-wheeler Insurance Companies in India Offer Different Insurance Plan to Suit the Varying Needs of the People. If You Are Looking to Purchase an Insurance Cover for Your Two-wheeler, You Must Compare the Policies From Different Insurance Companies to Know the Inclusions and Exclusions.
☛ Read More ▻ Car Insurance
Comprehensive Bike Insurance
A Comprehensive Bike Insurance Policy Provides Complete Coverage by Paying Your Financial Liabilities That You May Incur Towards a Third Party or by Gives Compensation for Expenses Arising Due to Own-damages Supported by Your Two Wheeler. This Policy Shields Your Bike Against Damages It Sustains Due to an Accident, Fire, Robbery, Man-made Disasters, Natural Calamities, Self-ignition, Blast, Etc. You Can as Well Enhance Its Coverage by Paying an Extra Premium to Purchase Add-on Covers Like Zero Depreciation Cover, Roadside Assistance Cover, Motor Cover, Etc.
Third Party Bike Insurance
In India, a Third-party Bike Insurance Plan is a Compulsory Needs to Ride a Bike. It is as Well Known as Liability-only Policy Which Covers Bodily Injuries, Temporary and Permanent Disability, and Death of the 3rd Party Person Due to an Accident and a Mishap With the Involvement of the Insured’s Bike. This Motorcycle or Scooter Insurance Policy as Well Covers the Property Damage Expenses Sustained by the 3rd Party Up to Rs. 1lakh, but Does Not Cover Damages Incurred by the Insured’s Bike and the Insured Person.
Own-Damage Bike Insurance
The Independent Own-damage Bike Insurance Policy Provided Coverage for the Own-damages Sustained by the Insured Bike Due to an Accident, Robbery, Fire, Natural Disaster or Man-made Calamity. A Standalone Own-damage Policy Provides Flexibility to Policyholders for Choosing an Insurance Company of Their Choice. The Policyholders Can Purchase a Third-party Policy and Own-damage Policy Either From the Same Insurer or a Different One. An Insured Individual Can Expand the Coverage of a Own-damage Insurance Policy by Purchasing Add-on Covers.
How to Choose Two Wheeler Insurance Policy?
Purchasing a Two Wheeler Insurance Policy Required Thorough Research. In Order to Choose the Most Reasonable Two Wheeler Insurance Policy, You Should Evaluate Your Needs and Compare Several Two Wheeler Insurance Plans Online. Here Are Some Tips That Can Help You Choose a Two Wheeler Insurance Policy According to Your Needs and Financial Budget:
1. Know Your Coverage Requirements - Survey Your Needs and Budget So That You Can Select Between Different Types of Two Wheeler Insurance Plans That Suit You the Best. When Assessing Your Requirements, You Must Consider Different Factors Such as Usage of Your Bike, Your Expenditure, Liabilities, and So on.
2. Choose Add-ons Wisely - Add-on Covers Help You to Enhance the Coverage of Your Two Wheeler Insurance Policy Plan. You Can Opt for an Add-on Cover for Your Two Wheeler Insurance Plan in Exchange of Extra Premium. Common Add-on Covers in Two Wheeler Insurance Are Zero Depreciation Cover, Your Personal Mishap Cover for Pillion Riders, and Towing Cover.
3. Select a Solid Insurance Company - Checking the Case Settlement Ratio is of Utmost Importance When Picking a Trustworthy Two Wheeler Insurance Company Online. It Guarantees That the Claim Settlement is Hassle-free.
4. Compare Two Wheeler Insurance Plans Online - It is Important to Compare Different Two Wheeler Insurance Policies Online in Order to Make the Best Purchasing Decision. You Can Compare Different Two Wheeler Insurance Plans on the Basis of Inclusions, Exclusions, Premiums, Etc.
5. Read Online Reviews - Reading Reviews Online of Verified Clients Who Have Bought Two Wheeler Insurance Plan Will Help You Decide if You Are Going for the Right Two Wheeler Insurance Policy or Not. In This Way, It is Recommended to Read Positive Also Negative Comments Online So That You Can Decide What is Best for You.
☛ Read More ▻ Motor & Vehicle Insurance
Benefits of Buying The Two Wheeler Insurance Policy
Two Wheeler Insurance is Never a One-time Job, It Need Timely Renewal. In Case You Are Not Able to Renew Your Policy Plan on Time, Your Two Wheeler Insurance Policy Will Lapse or Will Become Invalid. You Will Not Be Able to Claim Any Coverage Profits Under the Lapsed Two Wheeler Insurance Policy Until You Get It Renewed. Below Mentioned Are Some Profits Renewing Two Wheeler Insurance Plan Policy Online:
Fair Opinion - When You Purchase and Renew a Bike Insurance Policy Online, There is No Involvement of Any Specialist Which Eliminates the Influence of Any Kind. You Get to Select From the Most Suitable Two Wheeler Insurance Plans as Per Your Needs and Budget, Without Any Persuasion.
Simple to Compare Different Plans Online - Buying and Renewing Two Wheeler Insurance Plans Online Helps You Looking to Compare Different Two Wheeler Insurance Plans in Terms of Features, Inclusions or Exclusions. This Helps You to Know Which Plan is Most Suitable According to Your Needs and Helps in Making an Informed Decision.
Convenience - There is Not Any More Convenient Way to Renew Your Two Wheeler Insurance Policy Than Doing It Online. You Can Simply Renew Your Two Wheeler Insurance Policy Online From the Ease of Your Own Home. Renewing Your Two Wheeler Insurance Saves the Time or Requires Less Paperwork.
Direct Transaction With the Company - When Purchasing Two Insurance Plans Online, You Can Avoid Paying an Extra Fee to the Insurance Broker and Insurance Agent. In Case of Any Difficulty, You Can Get in Touch With the Customer Care Executives of the Insurance Company or Get Your Queries Solved.
Payment Security - Renewing Two Wheeler, Bike Insurance Plans Online Allows You to Pay Premiums/installments via a Secured Payment Gateway. There Are Flexible Modes of Premium Payment Allowed, From Which You Can Select as Per Your Own Convenience. These Are Debit Cards, Master Cards, and E-wallets.
How to Buy Two Wheeler Insurance Online
Two Wheeler Insurance Plan Buy Online, You Can Purchase Motorcycle / Scooter Insurance Very Simply and Quickly. You Can Follow the Below-mentioned Steps to Get the Best Two Wheeler Insurance Plan Buy Now.
Enter Your Bike Details Fill Up Your Two Wheeler Details Like Make, Model, Fuel Type, and So Forth, to Find the Best Bike Insurance Policy Quotes Offered by Different Insurance Companies Based on Your Specifications.
Compare Bike Insurance Policy Quotes
From All the Available Plan Types, Pick the Bike Insurance Policy Which Meets Your Needs and Budgets in the Best Possible Manner.
Pay for the Policy Online
Pay the Premium Cost of the Selected Two Wheeler Insurance Policy Online. After Paying the Premium, You Will Instantly Receive Your Bike Insurance Document Details in Your Email Inbox.
How to Calculate Bike Insurance Premium?
Calculating Two Wheeler Insurance Premiums Online is Very Simple With a Premium Calculator. It is a Free Tool That Not Just Permits You to Process You to Compute the Premium of a Bike Insurance Policy, Also Compare Profits. Though Insurance Premium is Not the Sole Factor on Which You Must Select a Bike Insurance Policy, Calculating It in Advance Allows You to Manage Funds for the Future.
To Calculate Two Wheeler Insurance Premium Online, You Must Navigate to the Two Wheeler Insurance Premium Calculator Page, Provide Important Bike Details Like Manufacturer, Sum Insured, Make, Model, Variant, Date of Registration, Product Type, Add-on Covers, and So Forth.
Best Two-Wheeler Insurance Companies in India
1- Bajaj Allianz Two Wheeler Insurance
2- Bharti AXA Two Wheeler Insurance
3- Digit Two Wheeler Insurance
4- Edelweiss Two Wheeler Insurance
5- IFFCO Tokio Two Wheeler Insurance
6- Kotak Mahindra Two Wheeler Insurance
7- Liberty Two Wheeler Insurance
8- National Two Wheeler Insurance
9- New India Assurance Two Wheeler Insurance
10- Navi Two Wheeler Insurance
11- Oriental Two Wheeler Insurance
12- Reliance Two Wheeler Insurance
13- SBI Two Wheeler Insurance
14- Shriram Two Wheeler Insurance
15- TATA AIG Two Wheeler Insurance
16- United India Two Wheeler Insurance
17- Universal Sompo Two Wheeler Insurance
☛ Questions Asked for Two Wheeler Insurance?
What is Two Wheeler Insurance?
What is the Use of Two-wheeler Insurance?
What is Meant by Bike Insurance?
What is Bike Insurance and How It Works?
What is the Insurance Amount for Two Wheeler?
What Are the 3 Types of Bike Insurance?
Is Insurance Mandatory for 2 Wheeler?
Which Type of Insurance is Best for Bike?
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