Bike Insurance

  Two-wheeler insurance is quite a vast topic. There are so many little details that one needs to understand to fully grasp how a plan works. However, there are some individuals out there who are well-versed with the wordings and workings of a bike insurance plan . Do you consider yourself as one of these individuals? Well, let’s put your knowledge to the test – see if you know the answers to these simple questions about bike insurance. 1. How many types of bike insurance plans are there? Let’s start with an easy one! Most would say that there are only 2 types of plans you can buy – third party and comprehensive. Well, this sort of true but technically speaking there are a couple more policy variants you can purchase. They include standalone own damage cover, which of course will need to be bundled with a single-year or long-term third party insurance policy. So all-in-all, you have 4 options. You could opt 1 year of third party cover, or 1 year of comprehensive cover, or 1 ...

Electric vehicles are here to stay. With technological advancement, environmental factors and rising popularity, many global automobile manufacturers are tapping into the demand to create vehicles that have either completely or partially removed the need for petrol and diesel to drive. With the Insurance Regulatory and Development Authority of India (IRDAI) benefiting this range of cars by a whopping 15% discount on car and bike insurance premiums for electric vehicles, it is time to take note of this trendy and futuristic kind of cars. Let’s discuss electric vehicles in more detail. What are electric vehicles? These are vehicles that run on electricity generated from batteries or fuel cells. These cars either run completely on electricity or partially as hybrid vehicles. Hybrid vehicles keep running even when its battery is exhausted of electricity as its fuel engine is then activated. Electric vehicles take an average of 5-10 hours to recharge. They cover an average distance o...

You need to make an informed choice when it comes to buying a bike insurance policy. Not only is it mandatory as per law in India but also offers financial assistance at times of road accidents. Now, whether you use an agent or buy two-wheeler insurance online, everyone needs a little hand-holding, especially when making an important investment. With the internet, it is now simple to compare different policies and rates, but it is still easy to get confused by unfamiliar terms used by insurance companies. To help you, here are 3 things that you must know before you buy a two wheeler insurance   policy. Types of bike insurance policies   There are 2 major types of motor insurance policies available in India namely third-party insurance and comprehensive insurance. Third-party insurance is a standard insurance policy that offers compensation to the insured in case damages are caused to a third-party or property.   In the case of a comprehensive insurance policy, t...

Perhaps, you have recently bought a new bike and are planning to buy bike insurance online. But once you begin your search for the perfect policy for your bike, you will be surprised to look at the number of bike insurance policies that are available in the insurance market online. Now, anyone would get confused when there are so many options lined in front of them. So to help you make an informed choice, here are 3 facts about buying bike insurance online that you must know. 1.Add-ons are worth the money While purchasing a bike insurance policy, motorists tend to avoid including add-ons in their policies due to the rise in the premium. However, what they fail to understand is that add-ons are true value for money. They offer additional protection to your bike that is otherwise not offered if you choose to buy a standard policy. For instance, if you opt to add roadside assistance cover in your policy, then you will be able to get help at hand if your bike needs minor repairs, towing, ...

  As you may know, a vehicle insurance policy is mandated by the Government of India. According to the law, every vehicle owner not only has to buy a bike insurance policy but also needs to keep renewing it from time to time. It is a legal offense if you are caught without a legitimate two-wheeler insurance policy; hence every vehicle owner needs to keep their policy active. Earlier, renewing bike insurance used to be a very tedious process that used to include lots of paperwork and signatures. But now, with the advancement in the field of technology, you can easily buy and renew your bike insurance policy from the comfort of your home using your laptop or smartphone. The following article explains the 4 easy steps that will help you renew two wheeler insurance online.    Step 1: Choose your insurer At the time of renewing your bike insurance plan, you can choose to switch your insurance provider. You can look around for insurance providers that offer better benefits than...