Discounts and Concessions: The discounts are approved by the IRDA, for the insured who have vehicles with the anti-theft devices and those who have memberships to the recognised automotive associations.You have to pay extra for these, and the options are of pillion rider cover, zero depreciation etc. Optional coverage: The add ons offered by the two wheeler insurance firms are the optional coverages.
![the nearest bike workshop the nearest bike workshop](http://www.greystokecyclecafe.co.uk/images/bikestrip1_005.jpg)
IRDA has made it mandatory from Rs.1 lakh to Rs. It is an inbuilt feature of the two-wheeler insurance policy, not an add on.
![the nearest bike workshop the nearest bike workshop](https://images.marketleader.com/HouseImages/METROWI/632/f_1803632.jpg)
Under the Motor Vehicles Act, every vehicle owner has to have at least a third-party two-wheeler insurance cover.Īny accident that occurs creates havoc and damage to people’s lives and the vehicle as well. The bike insurance policy is a mandatory aspect of Indian law. Law is the prime leading authority and can abide by the citizens. The person can use the money, the amount of bike insurance claim can differ under different circumstances. The bike insurance policy also covers the owner and will compensate in case of injuries due to bike accidents. It is a bike insurance cover in which the two-wheeler insurance firm covers damage to the third party, the insured bike and person is protected from the legal obligations towards the third party. If you become a victim to uncertainties, one can always seek a claim for the damages under the bike insurance policy.Ī third party is also known as ‘act only’ insurance and is compulsory for everybody under two wheeler insurance. These are the following benefits and facts to have a Bike Insurance Policy:Įarthquakes and floods are less frequent still, it is something that your bike insurance policy covers. Two wheeler insurance is required to reduce the risk that generates from being on the road in general. Two wheelers are a vital part of the economy as it is the most convenient mode of transportation. Two wheeler Insurance is mandatory in India and is proven to be very beneficial as well.
![the nearest bike workshop the nearest bike workshop](https://i.pinimg.com/originals/f7/96/38/f796384fea76a0ee9cc85c13236e24d2.jpg)
Driving your bike without Insurance is a punishable offence in the eyes of the law.