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How to protect your dream from getting shattered?

A 2 wheeler insurance policy is an annual contract which needs to be renewed every year. If the deadline is missed, there will be a break in the policy.

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How to protect your dream from getting shattered?

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  1. 2 Wheeler Insurance

  2. How to protect your dream from getting shattered? It’s a wonderful feeling and doesn’t fail to catch our attention of the new sleek new bike design. Within couple of minutes we are busy enjoying the dream rides along the mountains or near beaches with our loved ones witnessing those precious moments of life. However, suddenly when you’re engrossed in your world you come across the bumper and meet an unwanted accident on the curvy road. Therefore, it is important that along with your speed and power to drive places across there comes the responsibility to protect yourself and your vehicle. One of the best way to safeguard yourself from such accidents and also from third party damage losses & injuries etc. would be purchasing 2 wheeler insurance policy.

  3. In India it is mandatory by law to have a minimum of at least third party insurance coverage to drive your dreams on road. A valid motor insurance policy along with wearing safety guards like helmets and carrying the necessary vehicle documents is important. However, a mere third party coverage will only take care of third party damages. A 2 wheeler insurance policy is an annual contract which needs to be renewed every year. If the deadline is missed, there will be a break in the policy. This implies that instead of renewing your policy, you will need to buy a policy afresh. This could lead to a higher premium or worse still, reject to offer insurance. Therefore, government has introduced India’s first three year comprehensive cover for scooters and motorcycles.

  4. Such an initiative will lead to huge growth opportunities and high FDI flow thereby boosting the two wheeler insurance segment. The comprehensive cover is 30 percent cheaper than buying annual policies and comes with lucrative offers for the buyers. This new scheme will surely help in tackling the problem of uninsured two wheelers plying on Indian roads. • The new approach by the government with a discount of 30 per cent for its customers on three year cover is an initiative to provoke more and more customers in taking suitable two wheeler insurance. Besides, there is also a bonus entitlement due to no claim in the preceding year as well and the discount can go all the way up to 50 percent in this case.

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