Bike insurance is such a service that people often do not consider important. But there are more than five lakh road accidents in India every year, most of which involve two-wheelers. In such a situation, no benefit is available in case of any accident or accident. In such a situation, it is necessary that we protect ourselves and our two wheeler and keep it completely safe. So today we are going to tell you about some such two-wheeler insurance that you may need the most.
There are two types of
bike insurance There are two types of bike insurance – third party liability insurance and own damage insurance. When a bike damages another vehicle, it is covered under third party liability insurance. If your own vehicle is damaged, it is called own damage section. In this, theft also comes in which the insurance company pays money. Third party liability insurance also known as TP insurance is mandatory as per the Motor Vehicle Act. If you do not have this policy, then the traffic police deducts the challan.
These facilities are available under third party insurance
if someone’s property is damaged by your bike, another’s car gets damaged, someone else’s bike gets damaged, someone gets hurt or someone dies in an accident with your bike. If so, whatever legal expenses are incurred, it is covered in it. That is, if the matter goes to the court and the court asks you to pay the fine, then the insurance company will pay your money. In this item, there is a rule to give a maximum of Rs 7,50,000 on behalf of the company.
15 lakh on this condition There
is a section of ‘Personal Accident Cover for Owner Driver’ in third party insurance. If the bike driver has a valid registration certificate and driving license and dies in an accident while riding the bike, then the insurance company gets Rs 15 lakh. This amount is in the form of personal accident cover. There is a complete rule of taking compensation from the insurance company, following which the house owner of the vehicle can easily get this amount.
Select Add-on Rider Benefits
During comprehensive insurance, companies provide many types of add-on benefits, so you can choose it according to your need. In this, you will get zero depreciation cover, engine and gearbox protection cover, key and lock replacement cover, helmet cover, 24×7 site assistance add-on etc.
Take
long term insurance together Taking a long term insurance plan can save you some money as well as save you from the hassle of getting it updated every year. Apart from this, you can take advantage of no-claim bonus for the entire term of the policy. Even if you have made a claim during this time period.
