Bike Insurance in Vishnu Garden

you are looking for bike insurance in Vishnu Garden, we are here for you. Contact us on 9968517159. We have all types of bike insurance policies. Full Insurance, Third party bike insurance and stand-alone own damage insurance. Multiple companies to choose from such as HDFC Ergo, ICICI Lombard, Digit, IFFCO Tokio, Reliance and more. We are working in PAN India. Currently, Bike Insurance Third party Rates are 538 + GST for vehicles up to 75 cc and Rs. 714 + GST which is Rs. 843 / Year for 75cc to 150 cc vehicles. Any type of two-wheeler that falls under this range will be charged at Rs. 843 as guided by IRDA. 24 x 7 customer support and claim assistance is available. Online Bike Insurance in 2 mins only. Paperless procedure and does not require any inspection. Best bike cashless insurance with the best available options in Vishnu Garden.

We have multiple add-on covers such as zero depression cover, engine protection cover, NCB Protection and PA Cover available with us to choose from.

Known about Features of Bike Insurance

It provides Own Damage Cover which means insurance coverage to owner-driver and the vehicle. PA Cover provides insurance cover to the vehicle owner and in the policy, you get accidental and theft coverage. Own damage cover is given in full insurance (comprehensive policy) and Standalone full insurance.

Third-Party Bike Insurance Cover means coverage is given to the other party in case of an accident. As per Motor Vehicle Act, Third Party insurance is mandatory in India. In the case of Full insurance, third party insurance is included but in the case of standalone first-party insurance, the third party will be given by the previous company as it is given or 3 or 5 years.

Personal Accidental Cover (PA) is for the insurance of the vehicle owner. It is also important to get the claim for the vehicle.

What are the types of Bike Insurance

Basically, there are three types of bike insurance policies in India. First is Comprehensive Insurance, also known as full insurance or First Party Bike Insurance. The second is third party insurance which is mandatory in India and the last is Standalone own Damage also known as Stand Alone Full Insurance Policy.

The First Party Bike Insurance means full coverage of the vehicle including third party, owner-driver, theft and accidental damage. In case of No Claim in the full insurance, NCB is given at the time of renewal. It means, No Claim Bonus. It is a discount on own damage premium for not taking any claim during the policy period. It starts from 20% and step by step it moves to 50%. There are various add on covers available in the policy such as Zero Depreciation Cover, NCB Protector Cover, Consumables Cover and more. In case of accidental death of the policyholder, The PA Features gives 15 Lakh Claim to the nominee of the policyholder.

Third Party Bike Insurance Policy

As per Motor Vehicle Act 1988, every vehicle owner should have at least third party policy with him. In case of no policy, Rs. 2000/- fine is charged. Rates of third party insurance is decided by IRDAI (Insurance Regulatory and Development Authority). To calculate the rates of the third party, you have to check the cubic capacity of the vehicle. Based on it, the premium is calculated. Third Premiums of third party are fixed as given by the IRDAI. You can the Cubic Capacity (CC) on the RC. Most mostly used is 75cc to 150cc on which the premium is Rs. 714 + GST = 843 / Year.

A standalone OD Policy is given to the policyholders who already have third party policy with them for 3 or 5 years. In is policy, third party coverage is for 3 or 5 years but own damage coverage has to be taken every year. This policy covers only own damage expenses.