3 min read
Updated on Jan 02, 2023
From September 1st, 2018, according to the Motor Vehicles Act, a new bike needs to mandatorily have a 5-year third-party insurance plan. So, if you purchase a new bike, you have the option of selecting:
Because of all these factors, the two-wheeler owners prefer a multi-year plan over a single-year policy. So, next time when you are about to renew your bike plan, you can safely go for a multi-year plan to enjoy these benefits.
Also read: Best Two-Wheeler Insurance Plans in India to Buy in 2022
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.
Are you planning to buy bike insurance online? If so, you should have a good understanding of some jargons in the insurance sector, especially related.
NOC or No Objection Certificate is required by a bike owner for different purposes like selling a bike. NOC is issued by either a RTO.
If you are 18 years and above and are planning to ride a two-wheeler on the highway, it’s time for you to apply for a.
When you buy a bike, you are likely to be offered bike insurance by the same dealer. You might think that it is mandatory; however,.
Most of us grow up with the dream of owning a superbike to ride far and wide across the country. Though it is thrilling, it.
Got a challan issued for your two wheeler? Now you can do an online bike challan check and also conveniently pay for it from anywhere..
Looking for insurance to cover your new two-wheeler? Let's find out how much is the cost of bike insurance in India and what all purposes.
Let’s learn more about why an RC or Registration Certificate is absolutely essential for riding your motorbike on the road and how you can obtain.
Who is the first party in bike insurance? Why is it important for them to get bike insurance? What are the differences between 1st and.
How many times in a year is it advisable to raise a claim for bike damage with your insurance company? Is it only allowed once.
Speak to our advisor
Corporate Office : Mahindra Insurance Brokers Ltd ( A Mahindra Group Company ) Sadhana House, Ground Floor, 570 P. B. Marg, Behind Mahindra Towers, Worli, Mumbai 400018.
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.