Skip to content
  • Auto Insurance
  • Health Insurance
  • Insurance Law
  • Business Insurance
  • Family Insurance
  • Medical Insurance
Risk and Insurance

Risk and Insurance

Lets find out Risk at insurance

  • Home
  • Insurance
    • Auto Insurance
    • Business Insurance
    • Family Insurance
    • Home Insurance
      • Property Insurance
    • Insurance Law
    • Travel
    • Health
      • Medical Insurance
  • General
  • Life Annuities
  • Blog
  • Contact Us
  • Toggle search form
  • Hazard, Threat and Insurance coverage (Half 2) General
  • High Methods to Save on Auto Insurance coverage Auto Insurance
  • Benefits of Tenant Insurance in Halifax General
  • How ULIPs Can Be Used For Retirement Planning   Services
  • The best way to Save on Insurance coverage Prices When Shopping for a New Automotive Auto Insurance
  • What are the mistakes made when buying static caravan insurance? Home Insurance
  • Small Enterprise Insurance coverage Quotes – What You Must Know Business Insurance
  • What is the Place on Vacation Sports activities and Insurance coverage? Travel Insurance

A Handy Guide to Bike Insurance Policy in India

Posted on 15-07-202022-03-2021 By WebEditor No Comments on A Handy Guide to Bike Insurance Policy in India

A bike ride can fix anything from a bad day at work to a broken heart. We all care for our bikes and a priority for your bike is to get the right bike insurance cover to protect yourself and your bike from a mishap !

The right bike insurance is like a safety blanket and here’s a handy guide to get you started on the basics:

  • Why should I buy Bike Insurance ?

In India, every bike owner and rider is legally required to have a third-party bike insurance policy. Other legal documents include a valid driver’s license, vehicle registration and a PUC, not older than 6 months.  In case of absence of a third party insurance, the rider can be fined up to ₹4000 or face imprisonment up to 3 years.

  • What are the types of bike insurance/ two wheeler insurance policies I can buy ?

While there are various insurance companies out there offering various types of insurance covers, there are essentially two basic types of bike insurance as follows :

  • Third Party Insurance : This is a basic insurance cover which is mandatory under law. It covers damages and liabilities in case of an accident involving a third party. It has a low premium rate but it does not offer a personal accident cover or damage in case of natural or manmade disasters (floods, cyclones, riots, theft etc.)
  • Comprehensive Bike Insurance : A comprehensive bike insurance policy covers third party liability and other harms like Personal Accident or Own Damage (OD). The premium is slightly high but there are various benefits like a No Claim Bonus upon renewal and add-on covers for co-rider and roadside assistance etc.

All insurance providers offer both these insurance covers. Sometimes, a third-party cover is better in case  your bike is older than 5 years. A comprehensive cover might not cover costs of repair for pre existing damage or other services and you might end up paying a higher premium on an old bike for a low return. So, evaluate your needs and choose the type which suits you best.

  • Learn Basics of Bike Insurance

Insurance language can confuse many of us and without a proper understanding, we might end up with an inaccurate policy. It is wise to read up on some basic insurance terminologies like Premium, IDV and No Claim Bonus etc. in order to make an informed choice.

  • Where can I buy Bike Insurance ?

You can buy and renew bike insurance both offline and online. It is recommended to buy online insurance as the process is quick, convenient and safe saving you both time and money. Search and compare various bike insurance covers and get an instant insurance quote online. There are discounts and services available like round-the-clock claim assistance, making the online process cheaper, customer friendly and hassle-free.

Bike insurance is a necessity at all times for your safety and protection. Get the right one for your beloved bike today !

Auto Insurance

Post navigation

Previous Post: 5 tips to avail the best 2 wheeler insurance quotes for your vehicle.
Next Post: Variables that Can Impact the Motorcycle Insurance Premium

Related Posts

  • User-Friendly Methods To Renew Bike Insurance Auto Insurance
  • The best way to Save on Insurance coverage Prices When Shopping for a New Automotive Auto Insurance
  • 5 tips to avail the best 2 wheeler insurance quotes for your vehicle. Auto Insurance
  • What to do when your car insurance expires? Auto Insurance
  • How to Save Money on Car Insurance in Ontario Auto Insurance
  • Why Zero Depreciation Car Insurance Is so costly in India? Auto Insurance

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Recent Posts

  • 7 Advantages Of Refinancing Your Auto Loan
  • Interesting Facts About Electric Bikes and Electric Two-Wheeler Insurance
  • Illegal Car Modifications You Need to Avoid
  • How ULIPs Can Be Used For Retirement Planning  
  • Taxability of medical insurance premium paid by the employer

Author Bio

Category

  • Business Insurance
  • Family Insurance
  • General
  • Health Insurance
  • Home Insurance
  • Life Annuities
  • Travel Insurance

Categories

  • Auto Insurance
  • Business Insurance
  • Family Insurance
  • General
  • Health Insurance
  • Home Insurance
  • Insurance Law
  • Life Annuities
  • Medical Insurance
  • Property Insurance
  • Services
  • Travel Insurance
  • The Benefits of Enterprise Insurance coverage Quotes Business Insurance
  • Medicine Administration – Idea And Significance In House Well being Care Companies Medical Insurance
  • Do I Get Tax Benefit For Buying Health Insurance? Health Insurance
  • It’s never too early to invest in ULIPs Health Insurance
  • How to increases the saving money value on the stock market? Insurance Law
  • Low Price Household Insurance coverage – Details You Should Know Earlier than Taking Out Well being Insurance coverage Family Insurance
  • Household Insurance coverage Plans Family Insurance
  • A Few Things About Group Life Insurance That You Must Know Family Insurance

Quick Links

  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Sitemap

Recent Posts

  • 7 Advantages Of Refinancing Your Auto Loan
  • Interesting Facts About Electric Bikes and Electric Two-Wheeler Insurance
  • Illegal Car Modifications You Need to Avoid
  • How ULIPs Can Be Used For Retirement Planning  
  • Taxability of medical insurance premium paid by the employer

Email NewsLetters

Subscribe Our Email Newsletter
Loading

Calendar

March 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Dec    

Copyright © 2023 Risk and Insurance.

Powered by PressBook News WordPress theme