According to Indian law, every two wheeler in India on road must have third party liability insurance. Riding without insurance will result in a fine or due legal action.
Bike insurance provides coverage for repair costs in case of accidents or damages caused by natural disasters such as floods, earthquakes, or storms. It also offers compensation if the vehicle is stolen or completely lost.
In case of an accident, bike insurance covers legal and financial liabilities arising from injuries or property damage caused to third parties.
Bike insurance includes compensation for the owner or rider in case of accidental death or permanent disability. This helps in securing the family’s financial stability in unfortunate situations.
In India, with an increase in the number of two-wheelers on the road and plenty of traffic, getting insurance is not an option but a necessity for our own security.
It ensures bike owners can drive around without any stress, knowing they will be covered financially in an emergency.
Third-party liability insurance covers damages caused to another person or their property in the event of an accident involving your vehicle. This type of insurance ensures that any legal or financial obligations to the third party are taken care of However....
It is a comprehensive insurance covering both the parties involved in the accident. It is applicable for vehicles which already have third party insurance. It is best for the riders who want to have extra coverage to their vehicle. It also provides flexible coverage.
It is an insurance which covers a long period of time, usually for 2-3 years without any renewal. The biggest advantage is that it evades yearly renewal hassles. It also comes with a discount in premium sometimes.
This only covers the damages of the insured and their vehicle. It is applicable on vehicles which already have third party insurance. It also provides flexible coverage to the insured.
These are the additional add on to the standard policy of the vehicle.
It comes up with the following plans:
a. Zero depreciation plan
b. Engine protection cover
c. Roadside assistance
Whether you’re new to insurance or looking to deepen your understanding, this resource covers everything from the basics of policy types and coverage options to claims processes and premium details.
Bike insurance protects you financially if your bike is damaged, stolen, or involved in an accident.
Yes, third-party bike insurance is mandatory in most countries. It covers damages to other people or property in an accident.
Comprehensive insurance covers your bike against accidents, theft, natural disasters, and third-party liabilities.
Yes, you can transfer the insurance to the new owner by notifying the insurance company.
If your policy expires, you won’t be covered for damages or liabilities, and riding without valid insurance may lead to legal penalties.