Two Wheeler Insurance

1. Two Wheeler Insurance

2. Introduction • Bike protection is compulsory in India. Falling under the General protection item classification, it ensures individuals against mishaps that occur. • Dynamic Two Wheeler Insurance shields the vehicle proprietor from any unanticipated events like the mishap or any genuine harm to the engine vehicle. • A bike protection approach is given by any of the approved insurance agencies enrolled under the Insurance Regulatory Development Authority of India (IRDAI).

3. Types of Two-wheeler Insurance • Liability Only Insurance Policy • Comprehensive Insurance Policy • Own Damage Policy

4. Liability Only Insurance Policy •  Likewise called Act Only Policy, this approach is obligatory in India by law. It covers against property harm, misfortune, demise or real damage to an outsider in light of a mishap caused by the safeguarded bike. This protection covers the proprietor of the bike also.

5. Comprehensive Insurance Policy • Also known as Package Policy, this spreads everything incorporated into a Liability Only Policy alongside extra inclusion for harm or burglary of the bike. This is a discretionary approach. this covers everything included in a Liability Only Policy along with additional coverage for damage or theft of the two-wheeler. This is an optional policy. You can buy or renew Bike Insurance policy online with Bharti AXA, and Get best quotes as per your bike model, avail discount on premium.

6. Own Damage Policy • This Covers against misfortunes/harms caused to a bike by virtue of: • Common catastrophes, for example, fire, surge, lightning, quakes, and so on. • Robbery, burglary, revolt, strike, malignant acts, psychological oppressor action • Mishap by outside methods • Harm amid movement via air, rail, street, water

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