GENERAL INSURANCE BLOG

Two-wheelers are the easy moving, compact and sleek asset to glide through congested traffic and to move faster on the roads. But a two-wheeler doesn't just require maintenance but also requires compulsory insurance. Insurance coverage for two-wheelers got mandatory after the passing of the Motor Vehicle Act in 1988. Insurance is a shield of protection for your vehicle. It is helpful when you meet with some unfortunate incident, such as an accident or theft. In such cases, your insurance plan pays for the expenses due to the incident.

Read below the complete guide for the first-time bike insurance buyer.

Broadly the insurance plan is divided into two categories; Comprehensive Bike insurance, and, Third-party liability. When choosing bike insurance, it is important to understand the difference between the two types of policies available in India.

Third-party liability: Third-party liability is mandatory by law in India. It is limited against the coverage of the expenses to the third party only. It protects against any loss or damage caused to the third party by your vehicle during an accident.

Comprehensive Bike insurance: The purpose of this policy is to provide coverage against the own vehicle damage and the third party. It means that you have total protection against all kinds of expenses against any loss or damage caused to the vehicle or third party.

Do remember these essential features of a bike insurance policy before you buy one.

Insurance Declared Value (IDV): It is the maximum amount paid by the company as compensation at the time of claim. You should compare and research the IDV of multiple insurers before deciding the best fit for your bike.

Workshops and garage network: In terms of insurance, choosing a wide range of facilities for the vehicle is important. Select an insurer that offers a wide range of garage networks. It helps you to enjoy cashless services and much more when there is a need.

Advantage of No-claim bonus: Your two-wheeler insurance policy offers you a reward for safe driving in the form of a no-claim bonus. You are eligible to receive a discount for no-claim under your policy. If you maintain your vehicle perfectly, and drive safely, and don’t make a claim, your discount on the policy premium goes up.

Opt for a long term policy: Always go for a single policy that offers coverage for 2 to 3 years. Also, pay annually rather than monthly or quarterly. It saves you substantially on your premium.

Voluntary deductible saves you more: Voluntary deductible is the money you decide to pay for your two-wheeler future repair work in the case of an accident. By choosing a voluntary deductible, you significantly save on your vehicle's annual premium, thereby securing a policy at a lower premium.

Apart from this, it would be best to keep in mind that some cases do not protect you in any insurance plan. Not having a valid driving license, driving under the influence of drugs or alcohol, or the damage because of road rage, war, etc. do not provide you with any cover.

You can also check Bike Insurance Online for the best premium. Compare them all and choose the best fit for your bike and act smartly.

Buying Bike Insurance For The First Time? Click Here To Know More About The Best Plan.

The motorcycle ride is an exhilarating adventure that gives you enthusiasm, thrill, and a joyous feeling. But a two-wheeler ride also involves higher potential risk because of the exposure of the rider. It is important to prioritize your safety against any pleasures, and as a rider, you need to make the roads safer for others as well by abiding by some essential road safety tips.

Along with below mentioned important tips for safe riding, we also recommend you to possess a valid two-wheeler insurance coverage that offers you risk coverage against any injury to you or damage to the motorcycle.

1. Helmet before ignition

Before kick-starting your ride, ensure that you are wearing a helmet over your head. Never start your bike without a helmet; your head is the most vulnerable part. It is crucial to protect your head entirely while you are riding on the roads. Uncovered head faces the most severe damage when met with an accident. Also, remember to invest in a good quality helmet, preferably one with an ISI quality certificate.

2. Make safety gears a part of your ride

If you want to reach safely to your destination, it is advised to wear sufficient safety gear. Carelessness and mistakes on roads are not an intelligent thing to do. Shield your body by wearing motorcycle gears that protect you from debris, road rash and other elements. Knee caps, elbow guards, good riding jackets, and hand gloves are excellent accessories that can save you from serious injuries. Female motorcycle or two-wheeler riders are suggested to be careful regarding their outfit or accessories like dupattas while they are riding.

3. Your motorcycle, your responsibility

Before touching the road, basic checking of the motorcycle should be done. Brakes and clutch should be checked if they are functioning correctly. Air pressure of the tyres should be noted. Regular oiling of the gears and chain should be done. Most importantly, regular maintenance of your motorcycle should be scheduled. Take care of your bike, and only then your bike will take care of you when you are on the roads.

4. Follow the road safety rules

Once on road, you are responsible for strictly obeying all the traffic rules. Traffic rules are designed to ensure the complete safety of people when travelling on the roads. First and foremost, you should never DRINK and DRIVE. Never try to ride on the wrong side of the road, avoid overtaking, or over speeding, and always obey the traffic lights. Be a responsible rider, use the indicators on your bike before taking a turn, press the horn whenever required, maintain a safe distance from the other vehicles, and always follow the lane discipline.

5. Gift your motorcycle a good insurance plan

Try to invest in a two-wheeler insurance policy that suits best for your bike. Carefully understand the benefits of the policy, the process of claiming the insurance, and the payment of premiums. You can even buy Two-Wheeler Insurance Online that offers coverage for your injuries including medical bills, coverage for your bike, and damage you cause to others.

Keep safety as the priority and never compromise with the fun factor involved with bike riding. Loss of a bike can be compensated, but the loss of life cannot! Also, when you are on the road, you are not just responsible for your safety but also for the people around you.

This pandemic situation has yet again given us a wake-up call to be alert and handle the matter of health wisely. The truth is that health is one of the crucial aspects of our lives. No compromises should be made when it comes to your health and the family. In this Covid-19 situation, any health insurance can be a “Sanjeevani” for ensuring efficient health benefits and hassle-free financial backup at the time of medical emergencies.

But, with the number of options that keep growing, finding the best Medicare plan for you and your family can be overwhelming. A common question people ask is, “How to choose a Medicare plan that will fit perfectly as per our needs?”

The answer lies within little understanding of what all to be included in the Medicare plan. So, the first step is to list down your requirements and expectations before deciding on an ideal Medicare plan. Consider these five things to help you find the best Medicare plan or buy Health Insurance Online in 2021.

1. Family floater plans for your dear ones

This is an ideal insurance plan to invest in if you are aiming to provide healthcare benefits to your entire family. Through this Medicare plan, all your family members will be insured under a single plan, and that too by paying just one single yearly premium.

2. Medicare plans for the aged

Old age invites a number of health problems. With increasing age, the body's immune system weakens and makes it vulnerable to issues that can even turn severe. Ensuring the health of the elders and the aged members of your family should be your utmost priority. There are multiple Medicare plans for senior citizens that offer a wide range of benefits to older people. Be the support system for the aged by selecting the best senior citizen Medicare plan for them.

3. Don’t miss the Accidental policies

It is advisable to buy an appropriate accidental insurance plan to compensate for the hefty treatment cost involved in case of accidents. Accidents are unforeseen and unpredictable, so we should stay on a safer side and be prepared beforehand.

4. Severe illness Medicare plans are critical

Medicare and insurance plans for severe illnesses are equally important. If a policy is already purchased, people suffering from those illness and crucial life-threatening diseases can benefit from these plans. They can undergo the suggested treatment, medication, surgeries or transplant without worrying about the expenses.

5. Booster packs to the rescue

Top-ups and super top-ups can bring cost-effectiveness to your Medicare plans. You can avail these booster packs at the time when your existing health insurance plan has exhausted, but still, there is an emergency. During such circumstances, these top-up plans can come to your rescue that too at lower premium rates.

Hopefully, you now have clearly understood the various Medicare plans that you can invest in along with their benefits and purposes. On your part, do detailed research of the different aspects of health insurance and, accordingly, pick the best Medicare plan or buy health insurance online.

Two-wheeler thefts are very common. Bikes or scooters parked without proper safety can catch the eyes of thieves giving a chance to steal them away. You would never want your prized two-wheeler to fall victim to the cunning thieves. You can never predict the mischievous mind of the thieves, but you can safeguard your two-wheeler from getting stolen. How can you keep your bikes safe from theft?

Here, we have five important tips for you to prevent two-wheeler theft.

1. The handle of your two-wheeler should always be locked

The majority of people usually take this thing lightly and don’t lock the handle of their two-wheelers. Although handle locks are not considered fully safe, if your two-wheeler has different ignition and handle locks, it definitely falls under your favour. Remember that locking the handle acts as the first wall of defence against thefts.

2. Lock your two-wheeler with something heavy

For a gang of masterminded thieves, it is a cakewalk to tow your two-wheeler easily and disappear. To prevent this, lock your bikes or scooters and anchor them to something rigid and heavy. This way, you can put the thieves in great distress and disappointment too.

3. Quality external locks can be the saviours

Purchase premium-quality chains and external locks that can be tough to be broken. The material of the chains and the locks must be so strong that even after trying multiple times, the thieves should ultimately drop the plan of stealing your two-wheeler. Preferably use multiple locks, and if possible, use a lock that comes with an alarming buzzer.

4. Stay alert and cautious

Sometimes, we need to think like a thief to crack his mind. Usually, thieves keep a close watch on the two-wheelers that stand at the same location daily. They swiftly note down all the key points like the timing of you returning home and then plan a perfect time to grab an opportunity to steal your two-wheeler. So, you need to be careful and try to cover your two-wheeler with a cover to avoid the unnecessary attention of the thieves. Also, opt to park your two-wheeler at different locations, or well-guarded locations, if possible.

5. Insurance can protect you from loss

Buy a comprehensive insurance plan for your two-wheeler to ensure that there is no financial loss even if your two-wheeler is stolen. Two-wheeler insurance can allow you to claim your money in case of theft. You just need to register an FIR and later submit it to the insurance company along with other policy papers. Due to the ease of the internet, you can easily buy Two-Wheeler Insurance Online., Not only it is convenient and fast, but in some cases, the additional cost is being waived off in buying two-wheeler insurance online.

On a conclusive note, you need to be vigilant enough to outsmart the thieves. Follow the aforementioned tips to keep your two-wheelers protected from getting stolen. Also, don’t forget to choose two-wheeler insurance for financial security and peace of mind. Your two-wheeler is your responsibility, be a responsible owner and do the best that you can to keep your bikes or scooters safe.