Two Wheeler Insurance
In India, the rise in the number of automobiles has been
skyrocketing. This has increased the road accidents with high
statistics of two wheeler accidents. To safeguard from the
liabilities arising from the accidents of your two-wheeler or bike,
two-wheeler insurance is mandatory.
Under the general insurance industry, two wheeler insurance
is a part of motor insurance plan. The Two Wheeler Insuarnce is
approved by Insurance Regulatory Development Authority of India
(IRDAI). Under the Indian Motor Vehicles Act 1988, it is mandatory,
all the motor vehicles plying on the road should have a valid
Two Wheeler Insurance is an insurance policy which
safeguards you with the financial coverage against any loss or
damage caused to or by your bike. It is mandatory to have a
liability cover to ride your bike in India. If you ride your bike or
two-wheeler on Indian roads without having a third party liability
cover, it is considered illegal.
Two wheeler insurance provides coverage to the damages
caused which includes-
- Damage or loss to the bike due to theft, accident or any
other man-made issue.
- Damage or loss due to fire or any other natural
The bike insurance provides financial support to the insured
vehicle, pedestrian, to the third party property, and bodily injury
to the rider, pillion.