![]() ![]() ![]() Which is the best bike insurance company in India, and which is the best two wheeler insurance policy to buy?Īn insurer offering higher IDV at a lower premium, an easy and hassle-free buying/renewal process and transparent and quick claim settlements can be considered as one of the best two wheeler insurance companies in India. In a premium bearing endorsement, you need to pay an additional premium, whereas, in a non-premium bearing endorsement, you need not pay any additional premium. For instance, if you need to change your address, name, date of birth, etc., you can do it via endorsement in the policy. The endorsement in motor insurance refers to making changes to the policyholder's personal details or the policy's terms and conditions. What does endorsement mean in bike insurance, and what's the difference between premium and non-premium bearing endorsement? The policy even covers events such as vehicle theft. It provides a financial cushion if the two-wheeler gets damaged due to accidents and other unfortunate incidents like natural or man-made disasters or fire hazards. For coverage against damages to your two-wheeler, you may opt for the optional Comprehensive Two wheeler Insurance Policy. However, a Third-party Policy will only cover third-party liabilities. That's the reason why two wheeler insurance renewal on time is also crucial. You may attract penalties or face imprisonment if you ride the bike without a valid insurance policy. It is illegal to ride a two-wheeler without the basic bike policy. You should buy Third-party Bike Insurance for your bike as it is mandated by law. Why should I buy two wheeler insurance for my bike? Similarly, setting it too high will increase the premium. Setting it too low can reduce the premium, but the claim amount will be less in case of total loss. However, keep in mind that setting the correct IDV is essential as it decides the sum insured amount for the policy. Yes, you have the option to customise the IDV for bike insurance as per your choice (from a range) while buying/renewing your bike policy from us. Do I have the option to choose my preferred IDV when buying a two-wheeler policy? Buying a Comprehensive Policy will help in this regard as it comes with both third-party Liability and Own Damage cover. Hence, you cannot opt for only the Own Damage cover. A Third-party Policy is mandatory in India, no matter what type of motor vehicle you own. No, you cannot opt for only Own Damage Bike Insurance cover. Can I opt for only the Own Damage cover for my scooter while buying insurance? When you buy/renew bike insurance, the policy document will be sent to your inbox. Alternatively, you can also check the email inbox for the policy copy. Handy note addons download#Once logged in, you can view or download the policy document by clicking on the Policy Card. You can download the two-wheeler policy online by logging in to your account by scrolling up or via the app. Handy note addons how to#How to download the bike insurance policy online? You only need to provide the following details.Įxisting/previous policy details (if you are renewing with a new insurer) You need not submit any documents for the purchase/renewal of the two wheeler policy from us. What documents do I need to submit to buy a bike insurance policy from you? Thus, we can pass on those benefits to you in the form of low-cost first party bike insurance (Own Damage) plans and discounts. ![]() With our zero-commission model and 100% digital infrastructure, we eliminate middlemen commissions and reduce our operational costs respectively. We are a digital-first insurance company licensed by the IRDAI (Insurance Regulatory and Development Authority of India). Is buying a bike insurance policy online safe, and how do you offer low-cost two-wheeler policies?īuying two wheeler insurance online is safe. You will receive the policy instantly at your registered email address. Select your preferred plan, and make the payment online. Scroll to the top of this page or download the mobile app and provide details about your two wheeler. You can buy two wheeler insurance online for your new scooter from us. Can I buy bike insurance online for my new scooter from your website? ![]()
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