Bike insurance for your bike is equally important as car insurance. Bike insurance is referred to an insurance plan that covers any damages caused to a motorcycle or its rider due to unforeseen events like accident, natural disaster or theft. Best Bike insurance safeguards you against any financial loses. You must take in certain factors before getting Bike insurance online plans. Here are some of the most important things regarding Bike insurance that you should know.
What Types of Plans Are Available?
There are two types of two-wheeler insurance plans available in India from which you can choose from. Bike insurance online plans are following:
- Third Party Liability Plan: According to Indian Motor Vehicle Act, every bike owner must possess third party liability plan. This Bike insurance plan provides relief to any third party. You should know that third party Bike insurance online plan does not cover damages to your vehicle.
- Comprehensive Plan: A comprehensive Bike insurance plan will cover any damages done to your vehicle. When you apply for Bike insurance online plan in India, you will get the third party liability plan by default. You can always opt for comprehensive Bike insurance plans in addition to your third party liability cover.
Additional Covers
Apart from basic Bike insurance plans, best Bike insurance policies in India offer a number of add-ons for its buyers. Here are some of the best add-ons from which you can choose for your two-wheeler insurance online plans. You can also opt for add-ons at the time of your Bike insurance renewal.
- No Claim Bonus: No claim bonus is offered as an add-on by Bike insurance online companies in India. If you do not make a claim over your Bike insurance policy term, you will be eligible for no claim bonus at the time of your Bike insurance renewal.
- Zero Depreciation: If you include zero depreciation add-on cover in your Bike insurance plan, you’ll receive the full amount of damages due to no deduction of value of your vehicle parts.
- Garage Cash: You’ll be benefitted by including garage cash add-on in your Bike insurance plan. In case your bike is in garage, this add-on will take care of your commute expenses if you choose this add-on cover for your Bike insurance plans.
- Roadside Assistance: You can avail roadside assistance add-on cover in your Bike insurance plans. You will be provided roadside assistance regarding flat tire, minor repairs, toeing etc. by including this add-on in your Bike insurance online plan.
Once you have gained a clear idea about all these above discussed topics regarding Bike insurance in India, you must consider the insurance premium. Since we all want the best Bike insurance, the insurance premium may vary accordingly. Your Bike insurance premium depends on a number of factors such as the cubic capacity of engine, age of the vehicle, type of model, geographical registration zone etc. You can click here to get an instant bike insurance quote online.
While there are different protection plans including term plan, customary reserve funds plan, unit-connected, medical coverage and an annuity plan accessible on the extra security platter, these can be enhanced with different riders to tweak your disaster protection bundle.
These riders are only extra covers, for example, term rider, unplanned passing, and incapacity rider, basic disease rider and so on offering benefits past the regular protection strategy.
Riders should be decided on toward the beginning of the arrangement, yet in the event that one wants to expand the spread attributable to some cost value life insurance occasions, for example, marriage or labor, selection, and so forth., one can include a rider at ensuing strategy commemorations.
Rather than acquiring a new spread to expand the total guaranteed, an important rider would help increment the inclusion in an effective way and tuned in to your needs.
Over an incredible span, unexpected mishaps may happen that can demonstrate lethal, causing handicap or even inopportune passing.
Term Insurance of Premium Rider
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