Is Bike Insurance Mandatory in India?

What Is Covered In A Two-Wheeler Insurance Policy?

There are a several kinds risks for which your insurance policy covers you. Some of which are explained below:

1. Harms Or Losses Due To Natural Calamities : Disastrous events, for example, tremors, storms, earthquakes, floods and more. They may not or might be anticipated but one can't easily avoid the effects of the same on property and human lives. The best thing to do is to get an insurance policy that covers you against all such incidents.

1. Coverage Against Man-Made Calamities: There can be a chances of man-made malicious acts that may cause damage to your vehicle. For example, robbery, thievery, riots, and different vindictive acts by people are likewise secured under a bike insurance policy. Be that as it may, harms or misfortunes caused because of assault or attack by an outside nation are not covered in a policy. It is smarter to have your bike insured to have a financial backup when any such incident occurs.
2. Cover For Accidental Injuries: An accident happens by accident and you have no control over it. Many times it won't be your fault but you may get into events that may cause bodily injuries. There could be inward wounds, disengagement of joints, fractures, and different wounds that can be covered under your bike insurance policy.
3. Partial Disability Caused Due To An Accident :There could be mishaps that may result in partial inability, for example, transitory loss of motion, or incapacity of some other part of body. With a two-wheeler insurance policy, you are financially secured against any such misfortune (To the extent of coverage offered in the policy).
4. Total/Permanent Disability Due To Accident : Failure to walk or loss of vision are the examples of permanent disability. Your two-wheeler insurance covers the misfortunes and additionally the costs on treatment.
5. Demise of Policyholder : In the event of deadly mishaps that lead to the death of the policyholder or a third person, the insurance policy provides compensation to the nominees in the policy.
6. How To Buy A Bike Insurance Policy Online?: Purchasing a two protection today isn't as tough as it used to be. With the computerized ecosystem growing in India, you would now be able to purchase a motor insurance policy online. All you are required to do is log on to the site of the insurer on the web, fill in all the details, and purchase the policy. Additionally, there are numerous third-party sites where you can compare various policies and select the one that best suits your needs. If you are not happy with the online buying process, you may buy a policy with the help of agents/ brokers and insurance agents.

Things to Keep in Mind When Purchasing a Bike Insurance Policy? 

Given below are the points you will need to keep in mind when purchasing a bike insurance policy: 

1. Before purchasing an insurance policy, ensure you understand your insurance needs thoroughly. 
2. Carefully review the coverage, premium, and features of the policy. 
3. Examine the terms and conditions of the plan attentively. 
4. Digital-first insurance providers often offer comprehensive coverage at competitive rates. 
5. Opt for a Comprehensive plan to obtain extensive coverage. 
6. Choose only those Add-ons that will enhance the value of your policy.