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Buy Two Wheeler Insurance Online in India

Nalini Sharma
Buy Two Wheeler Insurance Online in India

The Motor Vehicles Act, 1988 governs the laws for vehicles on the road in India. The Act requires that every automobile and two-wheeler on Indian roads possess valid third-party insurance coverage. So, if you own a bike or a scooter, you must have two-wheeler insurance to lawfully operate your vehicle.

Key Features of a Two-Wheeler Insurance Policy

Two-wheeler insurance plans have various distinguishing characteristics that set them apart from other insurance plans on the market. These characteristics are as follows:

Coverage options include both comprehensive and liability-only coverage. If you own a two-wheeler, you may select between comprehensive and third-party insurance coverage.

Duration of coverage

Two-wheeler insurance plans are offered as yearly or long-term policies. You can receive coverage by purchasing any of these policies. However, for new motorcycles, mandatory 5-year third-party coverage is required. You can choose between this obligatory coverage and an annual standalone policy or a bundled policy that provides 5 years of third-party coverage and 1 year of own damage coverage.

Optional Protection

In your two-bike insurance policy, you can select from a vast variety of extra coverages. These alternative coverage features are known as add-ons, and they are available for a fee with comprehensive two-wheeler insurance plans.

Simple No-Claim Bonus Transfer (NCB)

If you do not make any claims on your policy in a year, you will get a no claim bonus, which will allow you to obtain a premium discount on renewals. If you move your insurance, you may easily transfer your no-claim incentive to another insurer. Furthermore, if you sell your bike and purchase a new one, you can transfer the collected no-claim bonus to the new bike insurance policy.

Immediate Issuance for Online Purchase

Online insurance policies for two-wheelers are accessible. When you buy two-wheeler insurance online, the policy is provided immediately once you submit your bike's information, finalise the coverage, and pay the payment.

Personal Accident Insurance Worth Rs. 15 Lakh

The IRDAI requires you to obtain personal accident insurance that covers accidental fatalities and disablements. You may get a Rs. 15 lakh cover at a low rate with your two-wheeler insurance policy. If you already have a personal accident policy in place, you do not need to purchase another with your two-wheeler insurance coverage.

Nalini Sharma
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