The Motor Vehicles Act of 1988 requires insurance coverage for motorcycles, scooters, and cars.
You may easily find a variety of online bike insurance choices in India. However, besides purchasing comprehensive insurance, you must consider add-ons if you want your coverage to be genuinely adequate. A personal accident option, for instance, might be one among the add-ons and would pay out in the terrible case of the car’s owner passing away or becoming disabled due to the accident.
As per your requirements and needs, you should purchase add-on insurance:
- No Claim Bonus Protection
Every year without a claim reduces your NCB (No Claim Bonus), a concession on your vehicle insurance price. This add-on prevents the No Claim Bonus accrued over the years from returning to zero even after a claim. This NCB resets to zero if you submit a claim, no matter how minor. You are protected from this NCB loss by the NCB protection add-on. It is advised to go for this add-on if you haven’t made a claim for the last three or more years, which translates to a 35 percent+ NCB concession. *
- Coverage For Personal Accidents
The necessary personal accident insurance provided under the comprehensive vehicle insurance policy leaves a significant insurance gap, which is significantly filled by this add-on. This is a required component of the entire auto insurance plan. By including this add-on, one receives further protection against accidental passing away, whole and partial permanent disability, and disability to the owner, driver, or nameless passengers. *
- Zero Depreciation
All first-time purchasers of any type of motor vehicle, whether a car or a bike, are strongly encouraged to purchase this accessory. It will offer the necessary protection without making any deductions. This means that when you buy this add-on, the total cost of repairs for your vehicle’s parts will be covered. The insurance provider will cover all depreciation-related costs if you possess zero depreciation bike insurance.
- Cover For Roadside Assistance
With this addition, the insurance provider will offer 24-hour emergency services, such as towing, tire changes, fuelling, and scheduling mechanics, among other things. Whatever the case or circumstance, purchasing roadside help insurance is strongly advised because it will be available to offer crucial support in an emergency. *
- Engine Protection Cover
It is essentially a cover you can install on your car to protect the engine, also known as the “rider.” You should know that an entry-level comprehensive automobile insurance policy does not cover the vehicle’s engine. Thus, adding an engine cover to your standard comprehensive online bike insurance policy is crucial, especially if you stay in a region prone to flooding. *
A bike insurance calculator is a convenient tool you may utilise online to check the amount of coverage required based on your needs.
* Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.