A motor insurance policy is a part of general insurance products in India. Nevertheless, there are a number of motorbike consumers who are not aware of the benefits of a two-wheeler insurance plan. Bike insurance covers a bike owner against unforeseen damages to the automobile or any unfortunate accident.
More than a necessity, the Indian government has made it mandatory for every consumer to have a legal two wheeler policy. Almost every standard insurance plan provides coverage for both natural and man-made calamities.
Personal accident cover
A personal accident cover is the most important part of a two-wheeler insurance plan. In this case, apart from the vehicle, the owner or the individual is also covered against any injury sustained during dismounting, mounting or travelling. If you have an additional cover, you get coverage for your co-passenger as well. The maximum amount covered for a rider within the age limit of 18 to 65 years is Rs.1 lakh. With the current progress in technology, you can even spare yourself from the hassle and apply for bike insurance online.
A list of important benefits that you can avail by investing in bike insurance will include:
Protection against natural disasters- Surprising as it may be getting bike insurance online or otherwise saves you a great deal of expense due to damage caused by natural disasters - earthquakes, fires, storms etc. In such cases, the policy bears the entire repairing cost.
Coverage for human-made calamities – A two wheeler insurance policy covers damages caused due to acts of burglary, theft, war or strike. As per the demands of the situation, the policy covers replacement charges or service costs.
Safeguard of legal interest – As per the Motor Vehicle Act, 1961, third party insurance is mandatory. This ensures the fact that the concerned vehicle is free from any kind of third party liability in case the insured vehicle is party to an accident in the future.
A sense of security – At the end of it all, you have a sense of security every time you or any of your family members hit the road. In fact, these plans often save you from imposed traffic fines: not wearing a helmet.
Two wheeler insurance is a worthwhile investment of your savings. The legal necessity of the same has made the Indian streets a more secure place in the event of accidents. You can seek for relevant assistance while buying or renewing a bike insurance plan.
More than a necessity, the Indian government has made it mandatory for every consumer to have a legal two wheeler policy. Almost every standard insurance plan provides coverage for both natural and man-made calamities.
Personal accident cover
A personal accident cover is the most important part of a two-wheeler insurance plan. In this case, apart from the vehicle, the owner or the individual is also covered against any injury sustained during dismounting, mounting or travelling. If you have an additional cover, you get coverage for your co-passenger as well. The maximum amount covered for a rider within the age limit of 18 to 65 years is Rs.1 lakh. With the current progress in technology, you can even spare yourself from the hassle and apply for bike insurance online.
A list of important benefits that you can avail by investing in bike insurance will include:
Protection against natural disasters- Surprising as it may be getting bike insurance online or otherwise saves you a great deal of expense due to damage caused by natural disasters - earthquakes, fires, storms etc. In such cases, the policy bears the entire repairing cost.
Coverage for human-made calamities – A two wheeler insurance policy covers damages caused due to acts of burglary, theft, war or strike. As per the demands of the situation, the policy covers replacement charges or service costs.
Safeguard of legal interest – As per the Motor Vehicle Act, 1961, third party insurance is mandatory. This ensures the fact that the concerned vehicle is free from any kind of third party liability in case the insured vehicle is party to an accident in the future.
A sense of security – At the end of it all, you have a sense of security every time you or any of your family members hit the road. In fact, these plans often save you from imposed traffic fines: not wearing a helmet.
Two wheeler insurance is a worthwhile investment of your savings. The legal necessity of the same has made the Indian streets a more secure place in the event of accidents. You can seek for relevant assistance while buying or renewing a bike insurance plan.
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