NEED TO SEE BEFORE BUYING HEALTH INSURANCE
WAITING PERIODS
- Accidental cover from day 1.
- 30 days waiting period: Any disease/illness/condition or treatment mentioned in 2 year exclusion list w [...]
An insurance policy taken to protect against any damages caused to a two wheeler and/or its riders due to some unanticipated event such as road accidents, natural disaster or theft is referred as two wheeler insurance. It provides coverage against third-party liabilities wherein it arises from injuries to one or more individuals due to the accident. Bike Insurance helps the policyholder to meet costs that may arise due to the unseen damages caused to the motorcycle. The protection provided by the bike insurance covers all types of two-wheelers.
The emergence of new players in the market has dramatically changed the two-wheeler insurance market. The bike insurance companies have come up various offering so that the new bikes owners use their services and the existing policyholders are retained. Hassle-free and quick process in buying of new bike insurance adds to the benefit. Some of the main benefits of purchasing 2 wheeler policies online are:
My mom sent me money for a two-wheeler, but the cops impounded it because I had no insurance. -Martin Henderson
Third party liability does not cover you or damages caused to your vehicle. It only provides coverage for the damage caused to the third party vehicle, damage to property and medical costs for the person affected.
The major exclusions of a comprehensive motor insurance are:
A comprehensive motor insurance policy can be enhanced by opting Add-ons. Some of the common Add-ons and their benefits are:
Car insurance premium is calculated based on the following factors:
Yes, installation of anti-theft or alarm locking systems are encouraged by insurance companies and makes you eligible for discounts. In case you install an anti-theft device mid-policy, you will be eligible for discount as per the remaining policy term, proportionately. You would be also eligible for the discount if you are a member of the Automobile Association of India.
Insured Declared Value (IDV) is the fixed maximum amount the insurer will reimburse in case of damages or loss of the vehicle. IDV is calculated as the current market value of the vehicle, as listed by the manufacturer and installed accessories, if any, less the depreciation value of the vehicle.
Several untoward incidents can lead to a motor insurance claim. In case you need to file one, follow these general instructions:
Some of the common reasons for claim rejection are:
If the driver is a valid license holder, and the vehicle has comprehensive insurance, you can register a claim. However, to avail compensation for medical care of the driver, a personal accident rider must be availed.