Why Do You Invest In A Two Wheeler Insurance Policy?

Bike insurance or two-wheeler insurance has an important role to play in the lives of bikers. It pays off in the wake of a crisis by offering financial support. Read on to know more about two-wheeler insurance and why it's so important. Two Wheeler are the most useful motor vehicle: Two wheeler are a very useful motor vehicle one can posses to travel to anywhere quickly without wasting time. Bikes are one of the fastest modes of transport and are available to a wide range of audiences from the mid income groups to high value people. However, along with bikes, there come a number of risks which should also be minimized. These risks can be dangerous and also unexpected. So what does one do if such an unexpected event hits them and leaves them helpless? There are various after effects which can be catastrophic financially and leave an individual helplessly in deep crisis. So how to stay protected from such risks? Bikes are after all more reasonable than cars and a very useful personal vehicle. Here is the solution: Two wheeler insurance is one of the most popular and useful financial protection one can have when an emergency situation arises. Many insurance companies and banks provide a comprehensive two wheeler insurance coverage plan for two wheeler motor vehicles. Here are some of the areas which they generally cover: Any loss or damage caused to the vehicle due to the following natural and man-made calamities: Sometimes natural calamities like fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, can cause catastrophic damages. Also manmade calamities like burglary, theft, riot, strike, malicious act or even accidents by any external means can be very damaging. Motor insurance policy also provides a compulsory personal accident cover of at least a lakh for individual owner of the vehicle. They are always insured while traveling in, mounting or dismounting the vehicle. There are many legal liabilities when it involves a third party. But insurance policy ensures that bikes are protected against legal liability arising due to accidental damages, any permanent injury or death of a person and any damage caused to the property. A two wheeler insurance is a necessity for any bike rider as it's one of the best financial security they can have when involved in an accident. It provides the cushion of avoiding the extra expenses for two wheeler repair services and other necessary damage costs like third party expenses. The Benefits: A two wheeler insurance policy ensures the maximum number of benefits which one can ever wish for. Here are some of the benefits for two wheeler insurance: Insurers can claim facility at cashless garage networks located across the country. If no claim is made during the policy period, a No Claim Bonus (NCB) is offered on renewals. Sometimes the discount rate for NCB can be as high as fifty percent. It's very easy to transfer full benefits of No Claim Bonus of motor insurance policy from one insurance company to another. The discount rates for the individual account in the new company remains the same as it was in the old company. This can happen only if evidence is shown which makes an individual eligible for No Claim Bonus from previous motor insurance. So apply for bike insurance and avail the aforesaid benefits. They are very important benefits which can be a secured back up at the time of emergency. Bike insurance companies often tie up with two wheeler companies to ensure that riders don't evade the road risks which can hit them from anywhere. Two wheeler insurance is one of the best safeguards against extra financial burden incurred during times of emergency. Source from: http://goarticles.com/article/Why-Do-You-Invest-In-A-Two-Wheeler-Insurance-Policy/9342066/

Two Wheeler Insurance A Few Things To Keep In Mind

Two wheelers are usually the first buy for many youngsters to go to college, the workplace, etc. For some people it is their priced possession until they graduate to buying a car in life. Thus, it is important that you protect the vehicle and get coverage and protection against accidents and mishaps. Buy a two wheeler insurance policy that would cover it against natural and man-made disasters like fire, earthquake, flood, burglary, theft, riots or any damage caused to the vehicle through other means too. Nowadays you can get two wheeler insurance as well as other insurance policies online and you don’t have to wait in long queues and go through lengthy procedures to buy an insurance policy. Buying two wheeler insurance online will in fact save your time as well as money if you do thorough research of various discounts and offers provided by your insurance company. Two wheeler insurance is of two types, one is comprehensive and the other is third party insurance. Third party insurance is to be bought mandatory by law. Thus two wheeler insurance will cover liabilities for injury, death or harm of third party's property because of an accident. The insurance will also cover the pillion riders’ expenses if you opt for it. Third party insurance will help you protect you save money by recompensing the injured third party. If you, as the rider or owner, have endured injuries due to an accident or a mishap, you can also get covered with the help of two wheeler insurance. The two wheeler insurance will also offer compensation in case of disability or death too. Your two wheeler insurance will not only cover damage occurred due to unforeseen things, but it will also be easy on the pocket and help you save money. Having two wheeler insurance in an urban lifestyle is the most important thing considering there are so many out there on the road and anything could happen anytime! To keep yourself free of worry and trouble, it is advisable to put enough thought into buying the right two wheeler insurance so that you dont incur any losses or miss out on any discounts offered by your insurance company. Two wheeler insurance is not very different from buying car insurance, but there are certain differences that one must take care of while buying insurance. Dont forget to inquire about the essentials at your insurance company helpline or send them an e-mail. Source from: http://insuranceblog99.blogspot.in/2013/12/two-wheeler-insurance-few-things-to.html

Importance Of Having Motor Bike Insurance

For many people their two-wheeler whether it a bike, scooter or a scooty is a very precious possession. But people often ignore buying motor insurance for their Bike as bikes are not expensive as a four-wheeler. But this doesn’t mean that you need to ignore insurance for it. Motor insurance ensures that your bike remain safe and secure. Increasing number of road accidents makes it even more important to insure your bike.

Third party motor insurance is mandatory by law for two-wheelers as well. But having a comprehensive motor insurance policy for two-wheelers makes more sense. A comprehensive two-wheeler insurance policy provides covers for the liability arising out of the third party as well as the loss or damage to your own two wheeler.

Bike insurance online policy compensates you for the loss against physical damage, theft and third party liability.

Motor insurance policy provides cover for natural calamities such as flood, earthquake, lightening, cyclone, fire, self-ignition etc.

Motor insurance policy for bikes also provides cover against the loss or damage of two wheelers against man-made calamities such as burglary, theft, riot etc.

The cost for renewing bike insurance online is very nominal. However, you can further reduce it by comparing policies across companies and buy it online. You can buy your bike insurance online. 

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How are your purchasing insurance for your bike?

Driving a motorcycle without a valid insurance policy can not only land you in trouble with the authorities, but can also burn a big hole in your pockets in case of a road mishap. Despite the fact that third-party motor insurance is mandatory under Indian law, still many bikes plying on roads across the country are not insured. Insurance is not just an object it’s a subject of safety which safes you from third damage cover, your bike damage including physical harm, if any. The earlier a two-wheeler owner realizes the benefits of third-party insurance, the better it is for him or her because, in case of an accident, he or she could be left poorer by a few thousands of rupees. Though one is not required to insure one's vehicle against damage or theft under the law, but its better you consider insuring the vehicle from such threats as well. 

While there are various methods to insure your two wheeler such as handing over the job to trusted insurance agents, calling up customer service & visiting the branch etc. one good option which has emerged over the time is two wheeler insurance online. One of the most convenient method of modern day insurance purchase, it is quick and hassle free as well. A computer or laptop or your phone and internet connection are just minimum requirements that you need to have and there you’re started with the journey of buying bike insurance online.

Today insurance agents do not show interest in promoting such products because of the small ticket size of two wheeler insurance. To insure a motorcycle worth, say, Rs 60,000, the annual premium works out for the mere amount of around 1,600-2,000, including 460 for the third-party cover. It is a small amount, but two-wheeler owners tend to ignore it altogether. Once the policy lapses, getting the vehicle insured becomes a tedious task. The vehicle has to be physically inspected again and the owner has to go through a lot of paperwork. People find it inconvenient to go through the process of getting their vehicles inspected if the insurance has expired. But people don’t realize that somewhere the fault is theirs as well as either they skip to renew the insurance deliberately or unintentionally. 

The bike insurance online advantage

According to market experts two wheeler insurance accounts for barely 12% of the total premium of motor insurance. And the high lapse rate seems to be a silver opportunity for insurers to boost premium income especially through bike insurance online. The world is getting tech savvy now. People are getting more and more addicted to things at the click of buttons. So promoting two wheeler insurance online is the best ways to target the new era customers. 

Many insurance companies have started schemes that allow bike owners to get their vehicles insured online without physical inspection. "Companies are also going to an extent of taking a slight risk with their decision to waive the pre-inspection in case of online renewal of expired two wheeler policies. Understand that such efforts are taken by company only to promote two-wheeler insurance in India.

Researchers say such efforts are yielding positive results and more and more people are now buying two wheeler insurance online to avail the benefits. It is advisable that if you decide to buy an insurance policy for your vehicle after a break, take a close look at the fine print. For instance, the cover may not start immediately. Also, if the vehicle is being insured online without inspection, the risk inception date starts three days from the date of issuance of the policy. Physical route is always about utilizing your time along with energy but buying bike insurance online or renewing it online is only about investing your time and save your valuable energy.

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Bike Insurance Online Plans

You love your bike like your own baby. You clean it and polish it every Sunday. You go zooming in it all around the city. Yes, your two-wheeler is an important part of your life. It is your necessity and pride too. Keep your two-wheeler safe and secure. Get your pride possession insured and stay at peace.

A two- wheeler insurance policy provides financial cover to bike or scooter against physical damage, theft and third party liability. It includes insurance for motorbike, scooty or a scooter.  With poor road conditions in India and no driving ethics two-wheeler insurance is your only savior on the roads.

Key Benefits of Two Wheeler Insurance

Buying a two-wheeler insurance policy online is a hassle-free and instant process. Some of the key benefits of buying a 2 wheeler insurance policy online are:

•             Cashless settlement at preferred workshops

•             Instant claims assistance and support 24x7

•             Third party property damage and third party physical injury coverage.

The premium amount is calculated based on:

•             IDV of the vehicle

•             Cubic capacity of the vehicle

•             Zone of registration

•             Age of vehicle

Benefits of Expired Two Wheeler Insurance Policy Renewal Online

If it slipped your mind and you forgot to renew your two-wheeler policy thus letting it expiry then you need not fret. You can renew expired policies online at PolicyBazaar completely hassle free and within minutes.

The benefits that you get on renewing an expired two-wheeler insurance policy through PolicyBazaar are:

•             Get your bike insurance renewed without inspection and documentation.

•             Pay no extra charges.

•             Instant policy issuance.

•             No previous policy details to be provided for cases where the policy has expired for more than 90 days.

Online renewal of expired bike insurance online policy is quick and easy.

Benefits of Bike Insurance online Policy Renewal :

Bajajallianze.com  gives you an option to renew the in-force status of a motorbike policy, the term of which will expire. When you buy online you can:

•             Compare plans from leading providers

•             Save money by comparing policies side-by-side and choosing the one that fits your pocket best

•             Get assistance from our call centre

Renew your insurance timely and save unnecessary hassle and costs.  You can even get scooter insurance, scooty insurance and motorcycle insurance. Infact any type of machine that runs on two wheels comes under the ambit of two-wheeler insurance.

What is Covered by a Two Wheeler Insurance Policy?

Two-wheeler insurance policies provide coverage for:

•             Loss or damage of two-wheeler against natural calamities like fire, explosion, self-ignition or lightning, earthquake, or flood.

•             Loss or damage of two-wheeler against man- made calamities like burglary, theft, riot, strike, malicious act and accident by external means as well.

•             Third party legal liability provides protection against legal liability arising out of an injury or death of a third party and property damage of the third party due to accident of your own vehicle.

Understanding Important Terms

•             Third Party Two Wheeler Insurance Clause

It is a comprehensive insurance policy that provides covers for the liability arising out of the third party as well as the loss or damage to your own two-wheeler.

•             Liabilities under Two Wheeler Insurance

It provides financial cover for the insured vehicle if it causes injury, death or property damage to a third party. It also covers cost of any legal liability.

Get two-wheeler insurance at unbelievable competitive rates and without any hassles. A complete win-win situation!

Welcome To Two Wheeler Insurance Policy

Two Wheeler Insurance can cover losses due to traffic accidents or theft to owner of a vehicle, who is the policy holder. We, at bajajallianz.com , offer you the easiest way to Compare and buy Motor Insurance Quotes offered by leading Insurance companies in India and help you to save your time and money by giving you the choice of best motor insurance products to compare and purchase online.

Why Two Wheeler Insurance

Legally, no Two Wheeler vehicle is allowed to be driven on the road without valid insurance. Hence, it is obligatory to get the vehicle insured. Two Wheeler Insurance Policies cover against any loss or damage caused to the vehicle or its accessories due to the following natural and man made calamities.

Natural Calamities: Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide.

Man made Calamities: Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, any damage in transit by road, rail, inland waterway, lift, elevator or air.

Two Wheeler insurance provides compulsory personal accident cover for individual owners of the vehicle while driving. One can also opt for a personal accident cover for passengers and third party legal liability.

Source from: http://www.twowheelerpolicy.in/two-wheeler-policy-in-india.do