Features and Benefits of Two Wheeler Insurance - Greyfont

Features and Benefits of Two Wheeler Insurance


When you purchase a bike, it is also important that you insure it with a two-wheeler insurance policy. As we know, third party insurance is mandatory as per the law for plying any vehicle legally on the Indian roads. However, if you are amongst the bunch of people who think buying a bike insurance policy is a waste of money, then here we give you a list of benefits and features of two wheeler insurance you should be aware of.


Features of two-wheeler insurance


  • Protects the third party: In case if your bike meets with an accident and causes damages, injury or death of the third person or property, then you don’t have to bear the expenses from your pocket. Since you have insured your bike with a third party cover, your insurer will bear your liability cost.


  • Theft cover: If you purchase a comprehensive bike cover, your bike is protected against the act of theft. You will be given an amount equivalent to the IDV of your bike, in case it’s stolen.


  • Personal accident cover: A standard two wheeler insurance policy offers financial assistance to your family in the event of your death due to a bike accident. Sum assured up to Rs. 1 lakh is paid to the family.


  • Buy the policy online: You can easily compare and buy two wheeler insurance policies online as today almost every general insurance company in India is involved in the business of selling policies through their website or online insurance brokers. Buying bike insurance online helps you gets discounts and makes it convenient for you to to buy the policy anytime, anywhere.


Benefits of two wheeler insurance


  • Cashless facility: Buying a two wheeler insurance policy lets you enjoy cashless repair facility at network garages covered by the insurance company.


  • Riders: You can enhance the coverage of your comprehensive bike policy by opting for riders such as roadside assistance, medical cover, accessories cover, NCB retention cover, etc.


  • Coverage against natural and man-made calamities: Who will compensate for the loss of your bike due to floods? Do you have enough money to buy a new bike? But if you have a two-wheeler insurance policy you don’t have to worry about anything. This is because a comprehensive bike policy secures your bike against man-made and natural calamities. If you are not buying a two wheeler cover for your bike, then you are not only exposing yourself to violation of the law, but also bearing a huge liability risk.


  • Gives you a sense of security: One of the primary benefits of buying a bike insurance policy is that it gives you a sense of security to ride confidently by keeping you away from any financial stress caused due to an accident.


  • Legally secure: Having a third party insurance cover ensures that you are not violating the law and are covered to bear the damages caused to third person or property.


  • Long term coverage: Opting for a multi-year bike insurance plan helps you to cover your vehicle for as long as three-years. This saves you from the process of renewing the policy every year.


Just because a two-wheeler insurance policy is a legal mandate in India, it should not be the only reason you should opt for one. Bike insurance plans are truly useful and offer many benefits to you. 


    Need Help in choosing right product

ORplease reach out to us at (022) 4891 3051


Contact Us

We want to hear from you