What Is Two Wheeler Insurance?

Two Wheeler Insurance

Two wheeler insurance policy falls under the general insurance category in India. As per Motor Vehicles Act, 1988, two wheeler insurance is obligatory in the country. Bike insurance policies are designed to shield the owner of a vehicle from any unexpected or unforeseen incidents such as road accidents or any such. Online two wheeler insurance policy offers coverage to the rider or owner of a motorcycle against various unpredictable damages due to unforeseen circumstances like theft, disasters etc. Online bike insurance policy provides coverage for all types of two wheelers, be it a scooty, scooter, motorcycle or a sports bike regardless of its personal or commercial use. Two wheeler insurance in India is provided only by the insurance companies that are registered under IRDAI. Bike insurance is the ultimate solution to battle with the high costs of damages done to your motor cycle due to an accident.

Two wheeler insurance online in India is a legal contract between the owner of a two wheeler and a two wheeler insurance company that assures of reimbursement in case of any damage or loss. The Sum Insured for two wheeler insurance is determined upon the IDV (Insured Declared Value) of your bike. You will have to pay a certain amount of money as a premium to enjoy the benefits of online two wheeler insurance policies in India. Bike insurance online policy can be purchased with effective additional covers. It’s advisable to compare two wheeler insurance online to get the best coverage for your bike.

Importance of Two Wheeler Insurance Policies

Two Wheeler Insurance

No one knows the stress and mounting bills that come with a motorcycle accident better than the bike riders. No matter how carefully you manage your two wheeler or how cautiously you drive it, accidents are just something that we have no control over. A road accident involving your bike can cost you more than you can imagine. Bike insurance online policy can take care of all your expenses resulting from an unforeseen accident. Best bike insurance policy provides you with multiple benefits such as two wheeler insurance premium discounts, NCB etc.

It’s important to buy two wheeler insurance since it provides monetary protection against a bike accident, theft, loss or damage. Bike insurance online comprises of liability coverage in case you are accountable for another person's injuries or property damage. It’s equally significant to go for online bike insurance renewal to enjoy the benefits of a two wheeler policy without break. But make sure you don’t forget to compare two wheeler insurance online before you buy or renew bike insurance.

Types of Two Wheeler Insurance Policy

Two Wheeler Insurance

There are basically two types of two wheeler plans available to choose from – Third Party Two Wheeler Insurance and Comprehensive Two Wheeler Insurance. You will get the coverage depending upon the type of online two wheeler insurance plan you choose. Compare two wheeler insurance online to avail the best plan for your two wheeler at an affordable price.

• Third Party: Third party liability only plan for two wheeler is compulsory for every vehicle on road. The third party bike insurance online policy covers any loss or damage caused to a third party or their property. The policy pays for third party property damage upto Rs. 7.5 lacs. The only drawback of third party two wheeler insurance is that the policy does not provide any financial cover for the insured vehicle or its occupants.

• Comprehensive: Comprehensive bike insurance policy offers total coverage for your two wheeler. The policy takes care of legal liability and own damage as well. Comprehensive two wheeler insurance plan comes with extensive rider and flexible options and the coverage can be enhanced as per your requirements and preferences.

What Is Covered Under Two Wheeler Insurance Policy India?

Two Wheeler Insurance

Motorcycle insurance online has wide-ranging coverage on offer for both the vehicle and its rider. Relevant in this context, before you renew or buy two wheeler insurance online, remember that the cheapest bike insurance plans may not provide you with the type of coverage you are looking for. So it’s always wise to go for an affordable yet the best bike insurance online than opting for the cheapest priced two wheeler insurance for your bike or scooter to cut cost on your premium. Here’s what two wheeler insurance policies cover.

• Third Party Liability In the event where a third party suffers injuries or death, or his/her property is damaged because of your vehicle, your motorcycle insurance will cover the financial liability.

• Natural Calamities Online two wheeler insurance policies provide protection against natural calamities like earthquakes, fire, lightning, floods, rockslides, landslides, typhoons or storms, hurricanes, cyclones, frost, explosions, rain, self-ignitions, inundations etc.

• Manmade Calamities Protection against manmade calamities such as a mishap or accident resulting from external factors like strikes, thefts, riots, vandalism, collision, burglary, malicious acts etc. Two wheeler insurance policies also cover the damages during transit via rail, road, air or water.

• Personal Accident Coverage Riders of two wheelers are at a higher risk than any other vehicle drivers. Personal accident cover for two wheeler insurance provides compensation for damages suffered while riding, mounting or dismounting the bike.

Online Bike Insurance Renewal

Two wheeler insurance renewal must be given the same amount of importance you give when you purchase online two wheeler insurance. Timely two wheeler insurance policy renewal has its perks such as availing attractive discounts and many other benefits. The process for online bike insurance renewal is easy and hassle-free. You can opt for long term bike insurance when you go for two wheeler insurance policy renewal online to get exclusive coverage at a lower premium rates. It’s advisable to compare various two wheeler policies when you opt for Two wheeler insurance renewal online. There are a few steps that you need to follow to complete online bike insurance renewal.

Log into the official portal of your insurer or visit the site of an insurance aggregator such as GIBL.IN for instant two wheeler insurance policy renewal.

Enter your previous policy number, your personal details and vehicle details for online bike insurance renewal.

Once done, you will be asked to make online payment for your two wheeler policy premium amount for the completion of two wheeler insurance policy renewal.

Pay the premium through net banking, credit or debit card and you will be done with your two wheeler insurance policy renewal online.

Lastly, save the bike insurance renewal documents for further future use. You’ll be forwarded a copy of your bike insurance policy renewal softcopy in your email id as well.

What Are the Benefits of Two Wheeler Insurance?

Online two wheeler insurance policy ensures maximum protection for your motorcycle. Here are some of the best benefits you can avail against two wheeler insurance renewal online.

Two wheeler insurance policies cover the damages resulting from various natural and manmade calamities and will also compensate in case of death of the rider-owner.

When you renew bike insurance online on time you no longer have to worry about the legal liabilities in case of accidents involving your two wheeler.

You don’t have to pay from your pocket in case of any damage to your two wheeler. Your online two wheeler insurance policy will take care of all such expenses.

You will be entitled to avail such discounts like No Claim Bonus (NCB) if you have two wheeler policy. This NCB is applicable when you renew bike insurance.

The objective of an ideal two wheeler insurance plan is to provide you widespread protection through worry-free rides.

Enjoy the benefits of cashless garage facility under two wheeler insurance policy. In case your two wheeler needs a repairing, visit the cashless garage registered with your insurer so you don’t have to pay upfront for the damages.

You can easily buy two wheeler insurance policy online without any hassle. Nowadays almost all the insurance companies in India allow you to buy two wheeler insurance through their online portal. You can choose from a number of bike insurance companies online as well.

Add-on Covers for Two Wheeler Insurance Policy in India

Add-on covers for two wheeler are basically extra coverage options that you purchase for a better financial protection to deal with accidents or other mishaps. Different add-ons for two wheeler come with different costs and benefits and could add a few thousand rupees to your basic bike insurance premium cost. Therefore, add-ons certainly impact the premium amount you pay. Two wheeler insurance company offers various add-on covers for the protection of your two wheeler. Here are some of the best add-on covers you can purchase with your two wheeler policy.

• Zero DepreciationYour online comprehensive two wheeler Insurance policy will compensate for the repair costs only after the insurance company has deducted the depreciation amount of your bike’s damaged parts. But if you have zero depreciation add-on you can claim for the depreciated amount as well. Thus you will receive the whole value irrespective of the depreciation amount.

• Pillion Rider Add-on Cover This add-on offers coverage for the pillion rider - the person sitting behind your two wheeler. In case the co-passenger is injured, this additional personal accident cover for the pillion rider will provide compensation. Note that this add-on is totally separate from a personal accident cover for owner-driver.

• Return to Invoice Cover This add-on cover comes into rescue in case your bike suffers damage that is beyond repairs. If you have this add-on, the bike insurance company will pay the entire market value of your bike when you file a claim. The amount that you will be paid will have nothing to do with depreciation.

• Roadside Assistance Cover If your two wheeler is broken down or damaged in the middle of the road, you can simply call your two wheeler insurance company for assistance. If you have this add-on, your insurance provider will send a mechanic for the repairing of your vehicle on the spot. Your insurer will send a towing car to take your two wheeler to the garage if the damage can't be repaired on the spot.

Why to Compare Bike Insurance Online?

Online two wheeler insurance has undoubtedly given us access to a lot of options. But still, it isn’t that easy to unearth the lowest priced two wheeler insurance policy that offers extensive coverage. That’s why online two wheeler insurance comparison is a must. When you compare bike insurance online, you are automatically entitled to get the best two wheeler policy. You can make an informed and precise decision about insurance buying if you compare two wheeler insurance online. You should compare online two wheeler insurance quotes offered by different insurers to avail the best two wheeler policy. Here are some of the reasons why you should compare bike insurance online before you buy two wheeler insurance.

• Best Policy at the Lowest PremiumIf you compare bike insurance online you can avail the most suitable insurance policy for your two wheeler at the lowest policy premium.

• Pick from Various Insurance Companies and Their ProductsYou can individually pick and choose from a number of insures and choose only the best plan among them if you compare two wheeler insurance online.

• Cost Saving If you want to save money on your bike insurance premium then it’s necessary to compare bike insurance online.

• It’s Easy to Compare Online two wheeler insurance comparison isn’t as hard as it sounds. In fact the procedure is very simple. The entire procedure for online two wheeler insurance comparison is as easy as a piece of cake.

• You Can’t Trust an Insurance Agent Since insurance agents always care about their own profit, you can’t really trust them in terms of buying two wheeler insurance. Therefore it’s wise to compare two wheeler insurance online before you buy two wheeler insurance.

How to Buy Two Wheeler Insurance Online in India?

You can effortlessly and efficiently buy two wheeler insurance online from GIBL.IN, one of the fastest growing insurance aggregators in India. If you are on the lookout for the best yet tailor-made two wheeler insurance plan for your bike, scooter, scooty etc. – GIBL is the best place to purchase, compare and renew bike insurance online. Below are the simple steps to compare and buy two wheeler insurance online in India.

Visit an insurance broking online portal for easy comparison, purchase or renewal of your two wheeler policy.

Enter minimal details, fill the online form and get instant online two wheeler insurance quotes.

Compare the quotes and various two wheeler insurance plans offered by different insurance companies thereafter.

Choose the online policy that suits your preferences and budget. Opt for any add-on cover for your bike insurance if you want to.

Proceed to the payment section to finalize your bike insurance purchase or renewal online.

Once the premium payment has been made, you are done with the purchase or renewal of your bike insurance policy online.

We, at GIBL.IN, provide the best bike insurance policies at an affordable price. We also offer 24/7 assistance regarding claim settlement. The purchasing or renewal of two wheeler insurance plan is easy, simple, quick and transparent. Renew policies for expired two wheeler at GIBL.IN instantly anytime.

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