Two Wheeler Insurance Ratings
4.0 / 5.0 by 5 users

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 Two Wheeler Insurance Reviews

"I do have one two wheeler insurance from icici lombard where I would say they needs to improve a lot . Customer service was quite good and their response was also good at times. I dont find any additional benefits for any type of insurance"

Ankit Jain, Gurgaon
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Why Two Wheeler Insurance?

Two wheeler insurance policies provide hassle free protection to your bike or scooter against physical damage, theft and third party liability.

Two Wheeler Insurance Providers

ICICI Lombard, Tata AIG, Bajaj Allianz & Reliance are the top Two Wheeler Insurance providers in India.

What is Covered?

Loss Of Or Damage To The Vehicle Insured due to Accident, Theft, Fire, Terrorism, Earthquake, etc
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Two Wheeler Insurance Overview

Two Wheeler Insurance 4.0 / 5.0 by 5 users  
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Two Wheeler Insurance India

You owe a responsibility towards your family, to keep them out of distressful and harm’s way; and the best way to do it is through an effective two wheeler insurance policy. Your Two Wheeler is about freedom and the two wheeler insurance policy has been designed to set you free. 2 wheeler insurance policies provide hassle free protection to your bike or scooter against physical damage, theft and third party liability.

Two wheeler insurance is one more type of popular auto insurance in India. It is governed by the Indian Motor Tariff. This insurance provides protection against natural and man made calamities like: fire, landslide, storm, flood, earthquake, burglary, theft, riots or any damage caused to the vehicle in transit by road, air, inland waterway or rail. Two wheeler insurance provides mandatory personal accident cover of Rs. 1 lakh to the insurer. This accident cover can also be opted for passengers. It also protects against legal liabilities arising due to third party’s injury/death or damage caused to its property.

Two Wheeler Insurance FAQs

  1. What is a third party risk policy?
    It is mandatory for every motor vehicle owner to get a third party insurance cover. It covers the vehicle owners against Act Risks as per Section 146 of Motor Vehicles Act 1988. The scope of cover of the third party insurance is to pay compensation for death due to bodily injuries to third parties and also damage caused to the property of the third party excluding damage of your vehicle.

  2. What is NCB? Under what circumstances is NCB applicable and how does it benefit the vehicle owner?
    NCB is the short form of No Claim Bonus; it is rewarded to the owner of the vehicle who is also the policy holder for No Claim / Claims in the previous policy year. It can be accumulated over a period of time. If you have NCB you can avail a discount ranging from 20-50% on the Own Damage Premium.

  3. Should I make small claims?
    It sometimes makes sense not to make small claims. Ideally, whenever your car or two wheeler is damaged, get an estimate for the repairs. If the No Claim Bonus you stand to forfeit in the forthcoming year exceeds the estimate, it makes sense not to raise a claim and instead pay for the damage yourself.

  4. How can I reduce the insurance premium for my two wheeler?
    You can save on your motor insurance premium when you maintain a claim free record as the No Claim Bonus which you accumulate and get it translated into discount on the Own Damage Premium. Another way of reducing cost of premium is opting for voluntary excess, which means opting to bear a certain amount of loss from each claim.

  5. What if I have to make changes / endorsement in the policy?
    An endorsement is a written evidence of an agreed change to your policy. It is a document that incorporates changes in the terms of the policy. Any changes or alterations that you need to make can be done by way of an endorsement.

    An endorsement may be issued at the time of issuing the policy to provide additional benefits and cover (e.g. legal liability to driver) or to impose restrictions (e.g. accidental damage deductible).

    The wordings of those endorsements are provided by the insurance company. An endorsement may also be issued subsequently to record changes such as change of address, change of name, change of vehicle etc.

Two Wheeler Insurance Benefits & Coverage

Two Wheeler Insurance Benefits
  • Loss Of Or Damage To The Vehicle Insured due to Accident, Theft, Fire, Terrorism, Earthquake, etc
  • Liability To Third Parties
  • Personal Accident Cover For Owner-Drive
  • Access to thousands of network garages for cashless claim servicing across India
Two wheeler Insurance Exclusion policy
  • General Ageing, wear and tear
  • Damage by a person driving without a valid driving license
  • Mechanical or Electrical breakdown, failure
  • Damage by a person driving under the influence of Liquor/Alcohol/Drugs
  • Depreciation, any consequential loss
  • Loss/Damage attributable to War/Mutiny/Nuclear risks
  • Loss/Damage, outside India

Two Wheeler Insurance Claim Process

Two Wheeler Insurance Claim Process

In case of motor insurance claim, you can avail cashless facility for the repair of your vehicle in any of the cashless garage network of the isnurance provider. However, If the vehicle is serviced in a garage outside the purview of thier network, then you can claim reimbursement for the same.

In Case of an Accident
  • In Case of an Accident
  • In Case of an Accident
  • Contact the insurance provider & get your claim number / reference number.
  • File an FIR at the nearest police station in case of property damage, bodily injury, theft and major damages.

Two Wheeler Insurance Articles

  • What are Auto loans?
    Auto loans are loans offered to customers for the purpose of purchasing new vehicles and also refinancing old one. In India, auto loans fall into three different categories namely two wheeler loans, car loans and commercial vehicle loans.
  • Auto insurance add ons!
    Apart from the Loss to Vehicle and Third Party Cover, all insurance companies offer add-ons to the policy. These add-ons come at an extra premium and will give you extra cover.
  • Cut down your auto loan by Rs30,000-Rs50,000!
    Yes this can be possible. By zeroing on the best car loan deal and insurance policy you can cut you’re your car loan amount by Rs30,000-50,000. Just by looking around in the market as to what rates are the cars being offered can give you a pretty much good idea. Obviously, your salesman will give you an attractive deal on those shining and well polished you see at the car showroom. But what you have to understand Is that , the sales person will be earning about 2% commission on the car.
  • Tips to lower your auto insurance bill
    Apart from zeroing down on the best car loan deal, it is equally important to choose an appropriate auto insurance policy. We all know that, auto insurance is a mandatory legal requirement when you purchase your car. And there have been instances where you, as an insured, have been charged high premiums. But in these times of a de-tariffed era, there are several ways by which you can lower the premium rates offered to your by your insurers.

Two Wheeler Insurance Forum

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