Tuesday, November 30, 2021

If you ride a bike, get insurance for your bike, you will have a problem of Rs 15 lakh, find out the details

Bike insurance is a service that people often don’t think is important but in India there are more than five lakh road accidents every year, most of which involve two wheelers. In such a situation there is no benefit in case of accident or mishap. In such a situation, it is important that we protect ourselves and our two-wheeler and keep it completely safe. So today we are going to tell you about some of the two-wheeler insurance that you may need the most.

There are two types of bike insurance
There are two types of bike insurance – third party liability insurance and on-loss insurance. If any other vehicle is damaged by the bike, its third party liability insurance is covered. If your own car is damaged, it is called the On Damage section. It also leads to theft where the insurance company pays the money. Third party liability insurance is also called TP insurance, which needs to be taken under the Motor Vehicle Act. If you do not have this policy, the traffic police will cut off the invoice.

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These benefits are available as third party insurance
If your bike damages someone’s property, another car is damaged, another car’s bike is damaged, someone is injured or someone dies in an accident with your bike, whatever the legal cost, it is covered. That is, if the case goes to court and the court asks you to pay a fine, the insurance company will pay you. This item contains rules up to a maximum of Rs 7,50,000 for the company.

Get Rs 15 lakh on this condition
Third party insurance has a section on ‘Personal Accident Cover for Personal Drivers’. If the biker has a valid registration certificate and driving license and dies in an accident while riding the bike, the insurance company gets Rs 15 lakh. This amount is in the form of a personal accident cover. There are whole rules for getting compensation from the insurance company, which the homeowner of the vehicle can easily get this amount by following it.

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Choose Rider Benefit Add-on
During the extended insurance period, companies offer a variety of ad benefits, in which case you can choose according to your needs. You will get zero depletion cover, engine and gearbox protection cover, key and lock replacement cover, helmet cover, 24 × 7 site support add-on etc.

Take out insurance for a long time together
By taking a long term insurance plan you can save a little money and get rid of the hassle of updating it every year. In addition to these, you can take advantage of non-claim bonuses throughout the term of the policy. Even if you have made a claim during this period.

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