Bike insurance is a service that people don’t usually consider important. But in India, more than five lakh road accidents occur every year, with most incidents involving two-wheelers. In such a situation, there is no benefit in the event of an accident or accident. In such a situation, it is important that we protect ourselves and our bikes and keep it completely safe. So today we’re going to tell you about some of the two-wheeler insurance you need.
There are two types of bike insurance
There are two types of bike insurance – Third Party Liability Insurance and On Damage Insurance. When any other vehicle is damaged by a bike, it includes third party liability insurance. If your own car is damaged it is called the On Damage section. This leads to theft, in which the insurance company fills in the money. Third party liability insurance, also known as TP insurance, is required to be covered under the Motor Vehicle Act. If you do not have this policy, the traffic police will cut the challan.
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These facilities are available under third-party insurance
If your bike is damaged by someone else’s property, another vehicle is damaged, someone else’s bike is damaged, someone is injured or someone dies in an accident with your bike, there are no legal costs involved. That is, if the case goes to court and the court asks you to pay the fine, the insurance company will pay you. This material has a maximum of Rs 7,50,000 on behalf of the company.
Get 15 lakh rupees in this condition
There is a ‘Personal Accident Cover for Owner Drivers’ section in third party insurance. If the bike driver has a valid registration certificate and driving license and he dies in an accident while riding the bike, the insurance company will get Rs 15 lakh. This amount is in the form of a personal accident. There is a complete rule for taking compensation from an insurance company, which can be easily obtained by following the home of the vehicle owner.
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Select Add in Rider Benefits
During comprehensive insurance, companies offer a variety of add-on benefits, in which case you can choose according to your need. With this, you get the advantage of zero depreciation cover, engine and gearbox protection cover, key and lock replacement cover, helmet cover, 24 × 7 site assistance add-on.
Take insurance for a long time together
By taking an insurance plan for a long time, you can even save yourself some money and eliminate the hassle of having to renew it every year. In addition, you can take advantage of any unclaimed bonus throughout the policy term. Even if you make a claim during this period.
