Known for its spiritual experiences, Varanasi is one of the 72 districts in Uttar Pradesh. Located on the banks of the river Ganges, Varanasi flaunts its beautiful scenery and religious monuments. As it is also an industrial city, the number of two wheelers increase day by day. To avoid financial crisis caused due to road accidents, it is mandatory to have a two wheeler insurance if you are riding a bike in Varanasi.
Not just in Varanasi, two wheeler insurance is mandatory across India. The Motor Vehicle Insurance Law which is governed by The Motor Vehicles Act, makes third-party liability insurance mandatory in this nation. The third-party insurance policy covers all damages caused due to an accident to the third-party involved in the incident. Remember that a third-party insurance is basic and will not cover the damages caused to your vehicle. To keep you financially safe, always consider buying a comprehensive insurance plan which covers both third-party liabilities and damages caused to your vehicle.
Some of the important factors to consider before you buy a two wheeler insurance plan in Varanasi are the claim settlement ratio of the insurer, cashless garage facility, premium amount, no-claim bonus, and type of coverage. While the claim settlement ratio indicates how respectfully the insurance company treats the claims you make, the cashless garage facility and no-claim bonus reduce your financial burden.
Unlike olden days, you don’t have to walk into a store or talk to an insurance agent to get a two wheeler insurance plan. Many websites offer a wide range of two wheeler insurance online which you can buy in few seconds from the comfort of your home. Purchasing an insurance policy online not only saves time but helps you in finding a good deal. You can try websites like BankBazaar to compare, purchase, or renew two wheeler policies online. BankBazaar website also has an online two wheeler insurance premium calculator which you can use to forecast the premium amount you will be required to pay.
Some of the leading insurers offering two wheeler insurance in Varanasi are ICICI Lombard, IFFCO Tokio, New, India Assurance, Reliance, Tata AIG, National Insurance, Magma, and Universal Sompo.