Bike Insurance in Mayapuri

Looking for Bike Insurance in Mayapuri. We do third party bike insurance and full comprehensive bike insurance in Mayapuri. We are working in PAN India and do all types of bike insurance policies. Online Bike insurance is a hassle-free paperless online process. Our office is located in GA -6, Hari Nagar, New Delhi – 110058. We have Bike insurance of HDFC<, ICICI, Digit, IFFCO Tokio, Reliance and more. As per the last updated rate given by IRDAI for bike insurance starts from 538 plus taxes but the most popular range falls under Rs. 714 plus taxes range. The range of the bike insurance premium is decided based on the cubic capacity of the bike insurance. Starting from all two wheelers up to 75cc will be charged at 538+GST from 1^st June 2022. Vehicles from 75cc to 150cc in which mostly are available will be charged at Rs. 715 + GST which is Rs. 843. The third range is 150cc to 350cc 1366 plus taxes and the last range is for all the bikes or two wheeler exceeding 350cc while be charged at 2,804 plus GST. The GST rate is 18% applicable on all insurance policies. Third party is mandatory as per Motor Vehicle Act. For first party bike insurance which is also known as comprehensive bike insurance, the vehicle will be based on the quotation as the different company offers different IDV and in third party all companies offer the same price.

To calculate the premium in full insurance bike policy, IDV is considered which means insured declared value. NCB is the No Claim Bonus is the discount given on Own Damage premium for not taking any claim during the last policy period. The range of NCB starts from 0% then next year 20%; 25%; 35%; 45% and stays at maximum 50%. The other third is third party policy cover which is included in the full policy and PA cover. PA Cover means personal accidental insurance which gives 15 Lac accidental life cover to the RC holder in case of accidental death and disability. Is is also considered as an important point if you wish to take a claim in your full insurance policy. The other optional add-ons are available such as zero depression cover, roadside assistance, return to invoice cover, and consumable cover.

Full bike insurance provides coverage for theft and accident. In the case of the third party, it will be in case of challan and damages to the third party, i.e. the other person met with an accident. The features of the third party are included in full insurance.

What is Cashless bike insurance?

Every policy provides the benefit of cashless bike insurance but it depends on the garage whether it has tie-up with the company to provide this benefit. In cashless, you don’t have to spend the amount, the company will give the amount to the garage directly but if the garage has no tie up with the company, then the policyholder has to follow the reimbursement process. In this, you have to pay the expenses on your own and then, the company with transfer the amount to your bank account.

What is Zero Depreciation Cover?

If you have zero depreciation add on cover in your policy, the policy will cover the full amount of the claim except file charges. It is an optional add-on in a full insurance policy only. Third party policy does not have this benefit as third party bike insurance does not have any insurance cover in it.

Should I buy a policy online?

Anybody can buy an online policy. Online portals give all options. But you are not aware of the terms and hidden things buy a policy from someone you know. To know more you can contact us also. We provide 24x7 support. We don’t charge anything from you.