Two Wheeler Insurance Online

Two Wheeler Insurance

[B]WHAT IS BIKE INSURANCE?

Bike Insurance is a safety plan that protects bike owners from any liability to third parties, arising due to the usage of two-wheelers. A Bike two wheeler Insurance policy is a contract in which an insurance firm covers the financial aspects related to any loss or damage to a bike.
Motor Two Wheelers Third Party liability is mandatory to everyone owning two-wheelers, under Motor Vehicle Act, 1988. Two wheeler Insurance covers you financially when accidents cause damage to the vehicle by paying for the repairs. It minimises the blow either for Natural Calamity Cover or Personal/Third Party Cover as well.

WHY DO YOU NEED A BIKE INSURANCE POLICY?

Driving your bike without Insurance is a punishable offence in the eyes of the law. Two wheeler Insurance is mandatory in India and is proven to be very beneficial as well.

Two wheelers are a vital part of the economy as it is the most convenient mode of transportation. Two wheeler insurance is required to reduce the risk that generates from being on the road in general. These are the following benefits and facts to have a Bike Insurance Policy:

Natural Calamity Coverage
Earthquakes and floods are less frequent; still, it is something that your bike insurance policy covers. If you become a victim to uncertainties, one can always seek a claim for the damages under the bike insurance policy.

Third-Party Coverage
A third party is also known as "act only" insurance and is compulsory for everybody under two wheeler insurance. It is a bike insurance cover in which the two-wheeler insurance firm covers damage to the third party, the insured bike and person is protected from the legal obligations towards the third party.

Personal Coverage
The bike insurance policy also covers the owner and will compensate in case of injuries due to bike accidents. The person can use the money, the amount of bike insurance claim can differ under different circumstances.

Mandatory by Law
Law is the prime leading authority and can abide by the citizens. The bike insurance policy is a mandatory aspect of Indian law. Under the Motor Vehicles Act, every vehicle owner has to have at least a third-party two-wheeler insurance cover.

Financial Cover
Any accident that occurs creates havoc and damage to people's lives and the vehicle as well. The financial coverage accompanying a bike insurance policy is a safety net for the policyholder. Any damage to your vehicle in an accident will not break you financially.

Coverage from man-made disasters
Man-made disasters like theft, robbery, riot, strike, terrorist activity, damage in the transit by road, rail, lift or elevator, is covered under the coverage of bike insurance claims from man-made disasters.

These above are the most common concepts covered under the two wheeler insurance policy. They wrap almost every major factor to make it easy for you.

DOCUMENTS REQUIRED TO AVAIL BIKE INSURANCE ONLINE

Documentation record is the base of the bike insurance online. List of documents needed are:

Proof of identity ( Ration card/ voter id, Driving licence/ passport)
Registration certificate of the bike
Old policy number for NCB, if have.
Proof of address ( voter's ID card/passport/Aadhaar)

BAJAJ ALLIANZ ADD-ON COVERS FOR YOUR TWO WHEELER INSURANCE POLICY

Add Ons Are The Additional, But Chargeable Benefits Covered Under The Comprehensive Two Wheeler Insurance Policy. These Can Be Selected By Choice Of The Policyholder And The Requirement Of The Policyholder. These Are Charged To The Bike Insurance Premium Amount. The Special Add Ons Are For Those Who Are Willing To Pay The Extra Charges To Gain Better Facilities. Some Of The Most Frequently Used Add Ons Are:

EMI Protection
After an accident, if the bike is being repaired at the certified and approved garage, the insurer will pay the EMI's of the insured vehicle under the EMI bike insurance and protection cover.


Zero Depreciation Add On
With age and usage, the two wheelers depreciate. Then the depreciation is deducted when a claim is generated, and the insured person gets a lesser amount of the claim settlement and has to go through the pocket expenses as well.

A zero depreciation cover under the two wheeler insurance policy has proven to be useful when it comes to a claim settlement. Under this additional cover, the depreciation is not calculated, and the full amount due for the claim is compensated. The bike insurance company pays for all the expenses incurred without suffering any loss from depreciation.

NCB Protect Add On
As maximum policyholders are aware of the no claim bonus, where the bonus is given after two wheeler insurance. This bonus under the ambit of a two wheeler insurance policy gives you a discount on the premium at the renewal of the bike insurance.

If a policyholder does not seek a claim on the two wheeler insurance policy, the percentage of the bonus is increased with each passing year. But if once a claim occurs, the NCB is lost. This add-on protects your no claim bonus and your bonus is safe even after generating a claim.

Helmet Cover
When involved in an accident, your helmet is partially or damaged, the two wheeler insurance company will pay for the repair or replacement of the helmet damaged in the accident. This cover add-on provides you with an allowance to purchase the same model and type of helmet.

24x7 Roadside Assistance Add On
The roadside assistance two wheeler insurance cover add on has been beneficial to those riders who travel long distances much more frequently than the others. If your bike breaks down in the middle of the road and you have no source to take it to the garage, contact us.

The add on provides you 24*7 support in any roadside assistance situations. The roadside assistance two wheeler insurance add-on compensates for flat tyres, jump-starting the bike, breakdowns and other electrical problems, fuel assistance, electrical or mechanical breakdown, towing, delivery of repaired two-wheeler, urgent relay of the message, etc.

Engine Protection
Several people choose to supplement the basic bike insurance package with the engine protection two wheeler insurance cover. However, the additional coverage may depend on the area of operation. Our engine protection two wheeler insurance policy cover protects you in case of water ingression, gearbox damage, and lubricant leakage, among others.

In addition to this, you will get protection for replacing or repairing the pivotal engine parts. Things like pistons, cylinder head, crankshaft are covered under this bike insurance package.

Consumable Expenses
In case of damage to the motor vehicle, the add-on two wheeler insurance cover including consumable expenses will provide coverage for all types of motor vehicle oil, refrigerants, coolants, electrolytes, fluids, nut, bolt, screw, filters, bearings, washers, clips and other similar items that are a part of the vehicle.

Personal Accident Cover for Pillion Rider
The safety of a pillion rider is on you just like your safety itself. This pillion rider cover under the bike insurance policy is beneficial when the secondary rider is injured in an accident riding with you. The two wheeler insurance policy add-on covers the treatment cost for the co-passenger or the pillion rider.

WHY SHOULD YOU RENEW EXPIRED BIKE INSURANCE IMMEDIATELY?

Everything is based on the benefits being accumulated and the lack thereof. Getting your two-wheeler insurance to renew an expired bike immediately is for your safety and peace of mind. Renewing an expired bike insurance policy is also very easy nowadays and is just a few steps and clicks away. Just enter your details.
The steps for renewal of the bike insurance policy;

1. Check the two wheeler insurance online quote for the renewal premium for expired bike insurance.
2. Modify your bike insurance according to your necessity.
3. Fill the details asked and your previous policy information.
4. Set the IDV and add on required.
5. Instantly pay online for the same.

Reasons to Renew expired bike insurance are ;

1. Punishable offence: Driving without the mandatory third-party bike insurance or any insurance is a punishable offence. If the policy is expired, even with the benefit of NCB accumulated, insurance firms are not liable in case of any accidents to the expired insured vehicles.

2. Policy lapse: If your bike insurance is expired and hasn't been renewed yet, your policy can lapse, and the insurance company will not be entitled to anything.

3. No Claim Bonus: The benefits of no claim bonus are terminated if the 2 wheeler insurance is not renewed within 90 days of the date of expiration.

IMPORTANT POINTS TO NOTE BEFORE BUYING TWO WHEELER INSURANCE

INCLUSIONS

01.Losses and Damages Suffered Due to Natural Calamities
No one has a say or control over nature. Our Two Wheeler Insurance policy covers losses suffered due to natural calamities such as fire, explosion, self-ignition,

02.Losses and Damages Suffered Due to Man-made Calamities
While rapid urbanisation has promoted growth, it has also made us vulnerable to man-made calamities. Our Bike Insurance Policy provides coverage against theft, burglary, riot, strike, terrorist activities,

03.Personal Accident
Our personal accident cover of Rs 15 lakhs gives you, the owner-driver, the financial muscle to bear treatment costs following an accident involving your bike. Coverage is offered for accidents when you are

4.Third-party Legal Liability
As it's mandatory for all vehicles running on Indian roads to have third-party cover, our Comprehensive Two Wheeler Insurance Policy covers you financially from the losses, injuries or death suffered by a third-party as well.

Exclusions

01.Aging of the vehicle
Normal wear and tear are not included under bike insurance policies.

02.Mechanical breakdown
A visit to a mechanical shop is excluded.

03.Stunt performance
Damage from stunts with the bike is not covered under the two wheeler insurance policy.

04.Mishaps without License
If driving without a valid license, no losses will be compensated.

05.Driving under drug influence
Any mishap while driving under usage of drugs and alcohol is not included.