In India, purchasing at least a Third-party Two-wheeler Insurance Policy is required for those unfamiliar with bike insurance law. The Motor Vehicles Act of 1988 is complied with by this regulation. If you break this law, you’ll be subject to financial penalties. In addition, non-compliance can result in imprisonment! Even worse, an uninsured bike accident may result in serious legal repercussions.
Why Is Bike Insurance Required In India?
The short answer to “Why is bike insurance mandatory in India?” is that accidents can happen anytime. Due to this unpredictability, purchasing insurance for both you and any potential beneficiaries of your vehicle is crucial. You can check all aspects of your bike insurance using a bike insurance check app.
What Is Covered By A Two-Wheeler Insurance Policy?
- Third-Party Liability Cover
The following insurance is available to the policyholder under a liability-only policy.
By the terms and conditions, the insurer handles legal matters resulting from third-party property damage or bodily injury. They provide the third party with monetary compensation. You can now manage your insurance using an online bike insurance app. Claims are subject to terms and conditions set forth under the motor insurance policy. *
- Comprehensive Protection
The following coverage is available to the policyholder under a comprehensive plan. Additionally, it addresses the issues raised in the section on third-party liability coverage.
It covers:
Loss Due To A Natural Disaster
Several regions in India are now more vulnerable to damage from calamities caused by nature, such as fire, cyclones, flash floods, etc. Claims are subject to terms and conditions set forth under the motor insurance policy. *
Loss As A Result Of Man-Made Calamity
In addition to natural disasters, there are also artificial disasters. A city’s infrastructure can take a severe hit during a large-scale riot. If one of these riots causes damage to your bike, you can file a claim with your insurer and receive the proper compensation. Claims are subject to terms and conditions set forth under the motor insurance policy. *
Loss As A Result Of Theft
Not just in rural areas but also in semi-urban and urban areas, bike theft is a possibility. An all-inclusive policy protects the policyholder from bike theft. Make sure you do the process of the bike insurance check app download to stay updated at all times. Claims are subject to terms and conditions set forth under the motor insurance policy. *
- Comprehensive Plan and Add-Ons
You can also purchase a Comprehensive plan and appropriate Add-ons to increase the coverage. The Add-on will cost more; you can buy more than one Add-on and pay each separately. These Add-ons provide excellent support and assistance when needed. Your insurance can be managed using a bike insurance check app. Claims are subject to terms and conditions set forth under the motor insurance policy. *
Zero Depreciation
The insurer will omit the depreciation calculation when resolving claims with this Add-on. You will consequently get a bigger claims payout. Claims are subject to terms and conditions set forth under the motor insurance policy. *
Personal Accident Cover For Pillion Rider
This could be pillion rider accident insurance. This kind of Add-on is perfect if you frequently take a passenger on your motorbike. Claims are subject to terms and conditions set forth under the motor insurance policy. *
Invoice Protection
If you choose this Add-on, the insurer may reimburse you for the bike’s invoice value in case of a total loss. Otherwise, when settling total loss claims, the insurer takes the Insured Declared Value into account. Claims are subject to terms and conditions set forth under the motor insurance policy. *
No Claim Bonus Insurance
You can file a claim and still qualify for the renewal concession known as the No Claim Bonus (NCB) if you have this Add-on by your side. Stay updated with your policy using a bike insurance checking app. *
Get insured anytime, anywhere! Check out Bajaj Allianz General Insurance website to learn more and download the app now.
*Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.