Bike Insurance

Several things influence car insurance premiums. These things include the cubic capacity of the engine, the type & length of cover you purchase, the price of the car, your place of residence, your driving record, so on, and so forth! However, one other thing that has a significant impact on car insurance premiums is the fuel type of your vehicle. Yes, petrol, diesel, CNG & battery-powered vehicles will all have different premiums rates! Read on to find out why. Petrol & diesel: Petrol cars rule the roost in the private vehicle segment. This is because petrol engines are considered to be longer-lasting and more refined than their diesel counterparts. On the other hand, diesel engines promise better mileage and lower running costs. However, there is a significant price gap between these two types of cars. Diesel cars are more expensive and hence have a higher IDV, leading to costlier premium rates. Diesel cars are also considered as high-usage vehicles. Therefore, they a...

  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...