Two Wheeler Insurance In India

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TWO WHEELER INSURANCE
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• The number of two-wheelers in the country has
  increased dramatically over the last few years
  however the roads haven't improved enough to
  provide the riders with that smooth care free
  ride. Higher number of vehicles on road,
  increased work pressure at office, approaching
  deadline at work and eagerness to meet your near
  and dear ones increases the probability of
  accidents. However all is not lost as there is
  light at the end of the tunnel, in the form of
  insurance policies for your prized set of wheels.

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• The only difference is that the risk inception
  date will start 3 days from the day the vehicle
  owner purchases the policy. Any damage to the
  vehicle before the risk period starts will not be
  covered. Bajaj Allianz, Reliance and ICICI
  Lombard are some companies that are providing
  this facility.
• Source from http//www.moneycontrol.com/maste
  r_your_money/stocks_news_consumption.php?autono11
  17423

Click here to learn more about our Two Wheeler
Insurance http//www.bajajallianz.com/Corp/
motor-insurance/two-wheeler- insurance.jsp
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• The INDIA MOTOR VEHICLES ACT, 1938 passed by
  the Government of India makes insurance mandatory
  for any vehicle that is being run on petrol or
  diesel on Indian roads. However some companies
  insures cars and two-wheelers fitted with a CNG
  or LPG kit against a payment of an additional
  premium.Most Insurance Companies cover
  two-wheelers (including side carriage) which are
  used for social, domestic and pleasure purposes.
  The companies also provide insurance cover to the
  two-wheeler if it is used for business purposes
  by the person who is getting the insurance done.

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• There are quite a few companies in the
  market which provide you the much needed relief
  and peace of mind when you start your two-wheeler
  and leave for your destination.

The Indian Motor Vehicles Act makes it mandatory
for all vehicles plying in the country to have a
valid insurance policy, to bail you out of
trouble when you get into an unforeseen incident.
Though the exact nature of insurance policies may
differ from company to company a general review
of the two-wheeler insurance policy is as follows.
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• Liability only policy- This policy covers any
  injuries inflicted on a third party and property
  by the two wheeler rider. Personal Accident Cover
  for the owner/rider is also included in this
  policy.Package Policy- This policy cover any
  damage to the two-wheeler in an accident plus it
  also provides the benefits of Liability only
  Policy.Bajaj Allianz ihas a comprehensive
  two-wheeler insurance policy and its covers loss
  or damage to vehicle due to natural and man made
  calamities. It also provides accident cover to
  the two-wheeler rider with an option of including
  the pillion rider in the insurance cover also.
  The policy also covers any third party legal
  liability.

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• What the companies don't cover in the insurance
  policies areDamages to the two-wheeler due to
  general wear and tearDepreciation, consequential
  loss, war perils, nuclear perilsAccident caused
  due to drunken driving.Accident caused by a
  driver, without a valid driving licenseIf the
  two-wheeler is used for purposes for which it is
  not meant to be used

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• Things to remember if your two-wheeler is stolen
• Lodge a First Information Report (FIR) with
  the police and present a copy of the report to
  the company that has issued the policy.
• A final police report has to be submitted as
  soon as it is received form the police
• You are expected to extend full co-operation
  with the surveyor or investigator who is
  appointed by the company.
• After the claim is approved by the company
  the keys of the two-wheeler should be handed over
  to the company and necessary formalities should
  be taken care off.
• Things to do if you meet with an accident to
  avail insurance facilities

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• The only difference is that the risk inception
  date will start 3 days from the day the vehicle
  owner purchases the policy. Any damage to the
  vehicle before the risk period starts will not be
  covered. Bajaj Allianz, Reliance and ICICI
  Lombard are some companies that are providing
  this facility.
• Source from http//bikesnet.blogspot.in/2007/
  04/two-wheeler-insurence.html

Click here to learn more about our Two
Wheeler Insurance http//www.bajajallianz.c
om/Corp/motor-insurance/two-wheeler- insurance.jsp
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