4 min read
Insurance is a technical concept. This is the primary reason that many individuals lack the essential knowledge about the subject. But one thing that every bike user knows is that nowadays maintaining valid insurance is mandatory as per the Motor Vehicles Department rule. Before you purchase a policy, you have to consider certain major factors.
Two wheeler insurance policy plans can be classified into two types:
The comprehensive plans are lucratively designed with several types of additional benefits, technically termed as add.-on. Compare two wheeler insurance policy online to grab the best deal. Some of the popular Add-ons include:
You can enjoy certain types of discounts on the premium value of the plan by online purchasing of the plan, during the installation of the safety devices; by using the accumulated NCB or while buying a long-term policy. You can also avail insurance brokers online.
The claim settlement procedure is one of the most vital steps in this field:
IDV stands for the current market price of the concerned vehicle, i.e., the maximum limit that you can claim during the complete loss of the bike.
Depending on the engine capacity of the bike, the premium value is decided. There are three categories—0-150 cc, 150-350 cc and 350 cc and above. You can also avail insurance brokers online for detailed confirmation.
In case, you feel that the current plan coverage is not sufficient enough, you can extend it by adding riders to it, costing an extra premium value. You can consult insurance brokers online for detailed clarification.
You can compare two wheeler insurance policy online for buying the best. It is fast, simple, cost-effective, hassle-free and requires minimal paperwork. You can do your research about different plans and companies before buying.
These are the principal factors that you need to consider before buying a two wheeler insurance policy.
Found this post informational? Browse PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance and Investment section. You can visit PayBima to Buy Insurance Online.
View this post on Instagram
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
With lives becoming busier and more demanding, people are getting loaded with all sorts of burdens. These weights hamper the functioning of our brain and.
As a youngster with the pressure of studies and other activities, students might feel exhausted if they have to commute via public transport to college.
On average, 100 million bikes and 67 million cars are produced every year across the globe. With such a humongous number, you can assume the.
The performance of your bike or the way it runs depends on various things, including the quality of your two-wheeler tyres. Alloy wheels and spoke.
You cannot ride a two-wheeler without insurance, at least not without the mandatory third-party insurance. But what if the policy you bought for your vehicle.
Acquiring a new bike is an exciting time of your life. A bike gives you the liberty of mobility and a sense of confidence. However,.
For a rider, the sense of freedom while riding a bike is exhilarating. However, the thrilling adventures on the road can take an unfortunate turn.
Until recently, Motorcycles occupied the two-wheeler segment in India. However, the trends are changing now with scooters taking over the market slowly and steadily. Let.
India is one of the countries with a vast two-wheeler or scooter market. Manufacturers keep bringing in new scooter models to make this vehicle as.
Speak to our advisor
Mahindra Insurance Brokers Limited (A Mahindra Group Company) - Unit-202, A-Wing, 2nd Floor, Amiti Building, Agastya Corporate Park, Kamani Junction, LBS Marg, Kurla West, Mumbai - 400070. Tel: +91 22 66423800
Licenced by IRDAI License No. 261; License Validity : 17-05-2025; Category : Composite Broker; CIN : U65990MH1987PLCO42609 Member of Insurance Brokers Association of India (IBAI).
Insurance is the subject matter of solicitation.
For a seamless experience, use the latest version of Chrome/Firefox/Internet Explorer.
Copyright © 2023 Mahindra Insurance Brokers. All Right Reserved.
Verify your number to activate your best premium offer
Please enter the OTP sent to XXXXXX 4099 to continue