Bike Insurance in GTB Nagar

We are providing Bike Insurance Service in GTB Nagar. We deal in multiple Bike Insurance Companies such as HDFC ERGO, Dgiit, Reliance, IFFCO, SBI, Bajaj, Tata and more. We are all types of plans available at affordable prices. Online Process and no inspection required. Cashless Bike Insurance Policy. 

Features of Bike Insurance

Bike insurance policies typically offer various features and benefits, which can vary depending on the type of policy and the insurance provider. Some of the common features that may be included in a bike insurance policy are:

1. Third-party liability coverage: This is mandatory as per the Indian Motor Vehicles Act, 1988. It covers the damages and losses caused to a third-party due to an accident involving the insured bike.
2. Comprehensive coverage: This provides coverage for damages to your own bike, as well as third-party liability. It may also offer coverage for theft, fire, natural calamities, and other risks.
3. Personal accident cover: This provides coverage for accidental injuries or death of the owner/driver of the insured bike.
4. No-claim bonus: If the policyholder does not make any claims during the policy period, a no-claim bonus is provided in the form of a discount on the premium during the policy renewal.
5. Add-on covers: Insurance providers may offer various add-on covers, such as zero depreciation cover, pillion rider cover, roadside assistance, engine protection cover, and more, which can be added to the base policy for additional coverage.
6. Online policy renewal and purchase: Insurance providers may allow policyholders to renew or purchase bike insurance policies online, making it convenient and hassle-free.
7. 24x7 customer support: Insurance providers may offer round-the-clock customer support through various channels such as phone, email, chat, and social media.

It is important to understand the features and benefits of different bike insurance policies before selecting one, to ensure that you have adequate coverage for your bike and yourself in case of any unforeseen circumstances. So if you are looking for bike insurance company in GTB Nagar we are here for you.

What is No Claim Bonus in Bike Insurance?

No-Claim Bonus (NCB) is a discount on the premium of a bike insurance policy that is provided to the policyholder if he/she does not make any claims during the policy period. The discount can be availed at the time of policy renewal, and it increases with each consecutive claim-free year.

The percentage of NCB provided by the insurance provider can vary, but it typically ranges from 20% to 50% of the own-damage premium. For example, if the own-damage premium for a bike insurance policy is Rs. 10,000 and the policyholder has not made any claims during the policy period, he/she can avail an NCB of Rs. 2,000 to Rs. 5,000 during the next policy renewal.

NCB is provided as an incentive for safe driving and to encourage policyholders to take precautions to avoid accidents and damages to their bike. It is important to note that NCB is provided only on the own-damage premium and not on the third-party premium, which is mandatory as per the Indian Motor Vehicles Act, 1988. Also, if a policyholder makes any claim during the policy period, the accumulated NCB gets reset to zero and he/she will not be eligible for the discount during the next policy renewal.