Insurance is a contract signed between an entity person (insured) and an insurance company (insurer) where agreement declares financial protection for any losses. Two Wheeler Insurance plays a role of cushion in case of damage whether it is vehicle damage or loss of life.
Two Wheeler Insurance policy, which takes responsibility to cover any damages that occurs to a person or his/her two-wheeler due to death, accident, theft or natural disaster.
As per the recent research, 30% of people have their two-wheeler insured. People are not aware of the perks of having two-wheeler insurance and it is often overlooked. It gives you convenience and makes you stress-free while riding your vehicle on the road.
Types of Two Wheeler Insurance
Comprehensive policy– This insurance protects the rider against own damage to his two-wheelers. It covers your bike from incidents of fire, theft, accident, man-made disaster, natural calamities and some related adversities. The comprehensive policy protects you with your personal accident or any injuries to you while riding the bike.
Third-Party Insurance- It is a basic type of vehicle insurance which safeguards the person riding the vehicle against all the legal obligations. Property or person here can be the third party. This insurance covers a person against any liabilities that comes to the person for causing damage to another’s vehicle or property.
Benefits of Two Wheeler Insurance
INDIAN MOTOR VEHICLE ACT, 1988 has made this compulsory for anyone who owns a two-wheeler, be it scooter or motorcycle to have genuine insurance if plying on the public roads in the country. Insurance gives a financial cover against theft, damage and third-party accountability. The only saviour on the roads with poor conditions in our country is insurance companies. They plan the policies as per the persons need.
Let’s discuss the various benefits of buying two-wheeler insurance:
Financial Protection: Two-wheeler insurance covers financial help and it helps to save a lot of money in case of an accident, third-party liabilities or theft. Fact is even small damage in the vehicle costs approx. thousand rupees. Your damage is repaired without creating a hole in your pocket.
Accidental Injuries: Any accidental injury that you may have suffered is also covered by the insurance policy including damages sustained by one’s vehicle in an accident.
All Types of Two Wheelers: damages caused to the scooter, Motorcycle or moped is covered under the insurance. The vehicles have all the improvised features.
Cost of Spare Parts: In India, there is a rising demand for motorcycles which has led to an increase in its cost along with the rise in the cost of their spare parts too. The two-wheeler policy even covers the cost of spare parts which are becoming costlier nowadays.
Road Side Assistance: when a person purchases a policy, he/she can opt for roadside assistance because it is helpful if in case you ever need assistance on the road.
Peace of Mind: Huge repair charges come out after any big/small damage. but if you have insurance of your two-wheeler, your insurer will be there to look after all the unwanted expenses. Two-wheeler insurance gives you peace of mind to ride without any tension.
Two Wheeler Insurance markets are changing rapidly. The insurance companies are introducing new features to customers to make them their permanent customers and keep enjoying the peace of mind after taking the two-wheeler insurance. The process of buying the two-wheeler insurance online is a quick and hassle-free process.
The option of Liability-only policy and comprehensive policy
Avail Personal accident cover
Some of the important points to remember. Such as-
Savings on Premiums
No-Claim Bonus Discount
Add-Ons
Comparison of Policies
Long Term Policy
Long Protection without Stress
Best Two Wheeler Insurance Company:
Bajaj Allianz General Insurance Company Limited
HDFC ERGO General Insurance Company
Future General India Insurance Company
New India Assurance
Therefore, to ensure the safety of your beloved two vehicle insurance is advisable. As it is providing you multiple benefits along with medical assistance. If you want to enjoy relaxing ride with peaceful mind Two-Wheeler Insurance is your only friend.
Insurance is a contract signed between an entity person (insured) and an insurance company (insurer) where agreement declares financial protection for any losses. Two Wheeler Insurance plays a role of cushion in case of damage whether it is vehicle damage or loss of life.
Two Wheeler Insurance policy, which takes responsibility to cover any damages that occurs to a person or his/her two-wheeler due to death, accident, theft or natural disaster.
As per the recent research, 30% of people have their two-wheeler insured. People are not aware of the perks of having two-wheeler insurance and it is often overlooked. It gives you convenience and makes you stress-free while riding your vehicle on the road.
Types of Two Wheeler Insurance
Comprehensive policy– This insurance protects the rider against own damage to his two-wheelers. It covers your bike from incidents of fire, theft, accident, man-made disaster, natural calamities and some related adversities. The comprehensive policy protects you with your personal accident or any injuries to you while riding the bike.
Third-Party Insurance- It is a basic type of vehicle insurance which safeguards the person riding the vehicle against all the legal obligations. Property or person here can be the third party. This insurance covers a person against any liabilities that comes to the person for causing damage to another’s vehicle or property.
Benefits of Two Wheeler Insurance
INDIAN MOTOR VEHICLE ACT, 1988 has made this compulsory for anyone who owns a two-wheeler, be it scooter or motorcycle to have genuine insurance if plying on the public roads in the country. Insurance gives a financial cover against theft, damage and third-party accountability. The only saviour on the roads with poor conditions in our country is insurance companies. They plan the policies as per the persons need.
Let’s discuss the various benefits of buying two-wheeler insurance:
Financial Protection: Two-wheeler insurance covers financial help and it helps to save a lot of money in case of an accident, third-party liabilities or theft. Fact is even small damage in the vehicle costs approx. thousand rupees. Your damage is repaired without creating a hole in your pocket.
Accidental Injuries: Any accidental injury that you may have suffered is also covered by the insurance policy including damages sustained by one’s vehicle in an accident.
All Types of Two Wheelers: damages caused to the scooter, Motorcycle or moped is covered under the insurance. The vehicles have all the improvised features.
Cost of Spare Parts: In India, there is a rising demand for motorcycles which has led to an increase in its cost along with the rise in the cost of their spare parts too. The two-wheeler policy even covers the cost of spare parts which are becoming costlier nowadays.
Road Side Assistance: when a person purchases a policy, he/she can opt for roadside assistance because it is helpful if in case you ever need assistance on the road.
Peace of Mind: Huge repair charges come out after any big/small damage. but if you have insurance of your two-wheeler, your insurer will be there to look after all the unwanted expenses. Two-wheeler insurance gives you peace of mind to ride without any tension.
Two Wheeler Insurance markets are changing rapidly. The insurance companies are introducing new features to customers to make them their permanent customers and keep enjoying the peace of mind after taking the two-wheeler insurance. The process of buying the two-wheeler insurance online is a quick and hassle-free process.
Also read- Car Insurance
Let us discuss some of the important features-
Some of the important points to remember. Such as-
Best Two Wheeler Insurance Company:
Therefore, to ensure the safety of your beloved two vehicle insurance is advisable. As it is providing you multiple benefits along with medical assistance. If you want to enjoy relaxing ride with peaceful mind Two-Wheeler Insurance is your only friend.