Two-wheeler insurance is a type of insurance that is mandatory in India. Falling under the General insurance product category, it helps protect people against accidents that take place on the road. Active two wheeler insurance shields the vehicle owner from any unforeseen occurrences like the accident or any serious damage to the motor vehicle. A two-wheeler insurance policy is provided by any of the authorized insurance companies registered under the Insurance Regulatory Development Authority of India(IRDAI). 

    The law binds anyone riding a two-wheeler with an insurance policy covering the owner of the vehicle against any unanticipated situations or accidents or the vehicle against damage. We are here to get resolved for your queries.  The vehicle is protected against any damage caused due to natural disasters such as storms, floods, landslides, earthquakes, and so on. In addition, it also covers against the damage caused by the theft, fire, accidents, riot, and explosion.

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    Here are a few reasons for any vehicle owner to have an insurance:

    • If anybody has bought a new bike, then he has to buy an insurance policy. Under the Motor Vehicles Act, the Government of India has made it mandatory for every bike owner to have an insurance policy.
    • The bad condition of roads coupled with rash driving increases the chances of accidents. An accident can cause damage to vehicles inflict injuries or sometimes even result in loss of life. Loss of money is inevitable under these circumstances as one has to spend to repair the vehicle and get medical aid if injured. All the repair expenses can be taken care of by the insurance company if a policy has been bought. Thus, it will not burn a hole in your pocket and you don’t have to worry about unforeseen expenditure.
    • Policies also cover damage to the bike by natural calamities like floods, earthquake, fire, etc. So, you can make a claim under these circumstances.
    • A majority of bike owners are people with limited resources. Having an insurance policy ensures that they avoid the burden of unforeseen expenses in case of an accident or theft of the vehicle.
    • With third-party Bike Insurance, one can file a claim for the damages to the other vehicle (which is called the third party) involved in an accident.
    • The major reason for one to have an insurance policy is that it aids financial support to the policy holder for any expense incurred due to repair work of vehicle damaged in accidents, natural calamities etc. By just paying a small amount to buy the insurance policy, one can claim reasonable amount of money in their time of need.
    • It is sensible to take an insurance policy of your bike by paying a nominal amount of money, in order to avoid an additional burden to your budget if a mishap occurs with the bike.