Bike Insurance in Nangloi

We do bike insurance in Nangloi. We do bike insurance of multiple companies. ICICI Lombard, HDFC ERGO, Digit, Bajaj Allianz, Reliance and more. We do Third Party Bike Insurance in Nangloi and First Party Bike Insurance in Nangloi. As per IRDAI Guideless for third party rates we are offering vehicles for 75cc to 150cc at Rs. 714. From 150cc to 350cc at Rs. 1366. All the two wheeler exceeding 350cc will be charged at 2,804. The above-given rates are exclusive taxes. As per Government rules 18% GST will be applicable on all bike insurance. Earlier there were two types of bike insurance available but now there are three types of bike insurance available in the market. The first is first party insurance which is also known as comprehensive or full insurance. The other is third party insurance and the last is standalone full insurance.

In comprehensive insurance own damage of the policyholder is covered along with theft protection, Personal accidental insurance and third party coverage. The premium of first party bike insurance is calculated based on  own damage charge and deducting the No claim bonus. On the other side, third party and PA cover. The last is addon covers if required. So based on PA Cover, Third Party, Own damage cover minus Bonus. The benefit of No claim is given to the policyholder if he has not taken any claim during the policy period. It is available only in full insurance policy. No claim bonus starts from 0% then 20%; 25%; 35%; 45% and 50%. It continues to be on 50% till the time, the policyholder takes the claim. Another component is PA cover which is actually CPA. Compulsory Personal Accidental Cover. Is mandatory to take a claim for your vehicle and it also gives insurance cover of Rs. 15 Lakhs to the policyholder.

The other is Standalone First Party also known as standalone OD (Own Damage). It covers only own damage, excluding PA cover and third party cover. The policy is given to the people who already have a three or five-year third-party policy with them. At the same time, they have to run multiple policies. Sometimes the policyholder has to take PA Policy also as a third party because the first policy includes third party cover for three or five years. You can buy a bike insurance policy in Nangloi from us. PA cover for one year and own damage for one year.

Last is the third party policy which is mandatory in India as per Motor Vehicle Act. Third party is included in a comprehensive insurance policy. You can only the third party bike insurance policy in Nangloi. It is used to avoid challan, for selling vehicle and the main motive is to provide insurance cover to the other person. Third party bike insurance does not give any claim to the policyholder and has to IDV. IDV means Insured declared value. So, the rates of third party are the same for all the companies.

Add-ons in Bike Insurance

• Zero Depreciation Cover - This is a part of comprehensive insurance and a standalone own damage policy. At the time of claim, the company deducts depreciation and then gives the claim. If you have this cover. You have to pay file charge and few nominal expenses and no other cost. It is also known as a bumper-to-bumper bike insurance policy means the company will give 100% of the claim amount while charging any depreciation value.
• Return to Invoice - The benefit of this feature is that in case of theft, you will get the exact value of the claim as mentioned in the invoice.
• Roadside assistance - It is also known as RSA. In case of mechanical breakdown of the vehicle. The company provides the service to the nearest garage. In a situation, you buy an online bike insurance policy in Nangloi and got into a situation of break down. You can contact the company and they will provide Roadside assistance service.
• Consumables Cover - For nut bolts company does give a claim. With is add on you can get the claim for these small items also.