Two-wheeler insurance is an insurance policy that covers you against damages to your two-wheeler due to accidents, natural/man-made disasters, fire, and theft. The policy also provides law-mandated coverage against third-party liabilities such as damage to another person’s vehicle/property or injuries/death of a third party caused due to the insured two-wheeler. When it comes to two-wheeler… Continue reading Universal Sompo Vs United India Two-Wheeler Insurance
Category: Two Wheeler Insurance
How To Purchase Bike Insurance At A Cheaper Rate?
Having valid two-wheeler insurance is important for your bike before you play it on roads. As per the Motor Vehicles Act, 2019, it is mandatory to have two-wheeler and four-wheeler insurance, in absence of which the fine can go up to Rs. 5000. All of this makes it critical for bike owners to get and… Continue reading How To Purchase Bike Insurance At A Cheaper Rate?
Impact Of Digitalization On India’s Bike Insurance Market
The process of digitalization has had positive impacts on all sectors of the country and the two-wheeler insurance sector is not an exception. Due to its numerous benefits, digital insurance is now preferred over the conventional offline method of purchasing or renewing two-wheeler insurance plans. With digitalization, two wheeler insurance service providers can offer their… Continue reading Impact Of Digitalization On India’s Bike Insurance Market
Effect Of GST On Motor Insurance Premiums
The Central Goods and Services Act of 2017, generally referred to as the GST, is one of the significant tax developments that occurred after India gained independence. The act will substantially impact a wide range of industries, including the motor insurance industry. The change had a big impact on both the federal and state tax… Continue reading Effect Of GST On Motor Insurance Premiums
Tips To Avoid Buying Fraudulent Bike Insurance Online
In the age of digitalization, scams and frauds have been common issues, be it small-scale email fraud or large-scale bank scams. Until and unless you remain aware and vigilant, you can be scammed in numerous ways. The insurance industry does suffer the same problem quite often. And issuing a fake bike insurance policy has been… Continue reading Tips To Avoid Buying Fraudulent Bike Insurance Online
Lost Your Two-Wheeler Insurance Documents? Here Is What You Need To Do!
According to the Motor Vehicle Act of 1988, it is mandatory for every two-wheeler owner to purchase two wheeler insurance coverage. You must always keep this important document with you in your vehicle as it includes registration details, insurance details, etc. However, in case you have lost your two-wheeler policy documents, the quickest and most… Continue reading Lost Your Two-Wheeler Insurance Documents? Here Is What You Need To Do!
IDV in Two Wheeler Insurance
A lot of policyholders are apprehensive of the jargon and terminologies that they come across in their policy papers. And IDV is one such term that you can see multiple times when buying a policy for your two-wheeler. This blog aims at simplifying this terminology for all the laymen out there. Once you know about… Continue reading IDV in Two Wheeler Insurance
E-bike Insurance – What all is it about?
Electric motorcycles are becoming more and more common in India as more people realize how much more economical and environmentally friendly they are, as compared to autos and motorcycles. Did you know? The Indian e-bike market was estimated to be worth USD 1.14 million in 2021, and by 2027, it is anticipated to have grown… Continue reading E-bike Insurance – What all is it about?
Best Two Wheeler Insurance Plans in India
With the strict ruling of the Motor Vehicles Act in India, every two-wheeler owner has to buy two-wheeler insurance to protect against third-party and personal financial liabilities in case of an accident. That’s why the insurance market is filled with different types of two-wheeler insurance policies with varied benefits and facilities to cater to the… Continue reading Best Two Wheeler Insurance Plans in India
No Claim Bonus In Two Wheeler Insurance
The NCB in Bike Insurance is a well-known aspect of the insurance sector. The main idea is to give policyholders, who haven’t filed a claim throughout the policy duration, discounts in the form of bonuses. Although there are a plethora of factors determining the amount of your bike insurance premium, NCB or No Claim Bonus… Continue reading No Claim Bonus In Two Wheeler Insurance