bike insurance

1
4 Strong Reasons Why You Need Bike Insurance in
India
2

• A bike is a useful mode of transport. You can get
  from Point A to Point B quickly and conveniently.
  It is also very economical to travel by bikes as
  most two-wheeler vehicles today return excellent
  mileage as well. The only issue is that, up to
  75 of the two-wheelers plying on Indian roads
  are uninsured! This is a huge cause for alarm.
  Bike insurance is extremely important and these 5
  numbers will tell you why!

3
Bike Accidents

• A ministry of Road Transport and Highways report
  states that in 2017, over 48,746 two-wheelers
  died in road accidents and nearly 74 of them
  rode without a helmet on. This means that every
  4 road accident deaths occurring per hour
  happened purely because of the riders ditching
  helmets. A comprehensive bike insurance policy
  with a personal accident cover or third-party
  cover takes care of treatment in such cases.

4
Penalization

• The motor Vehicle Act 2019 has reviewed penalty
  for driving without insurance policy documents. A
  first-time offender has to pay Rs2000 or serve 3
  months in jail, while a second-time offender has
  to cough up Rs 4000. Not only that, in case of an
  accident, one would also have to cover the repair
  of their own vehicle, and also compensate for
  damage caused to others. In combination, fines
  and damages could burn a hole in your pocket.

5

• To save yourself from this, all you have to do is
  get a bike insurance policy. The plan will allow
  you drive legally on Indian roads, allowing you
  to forget about fines and other penalization. Not
  only that, it will reduce the financial impact of
  an accident significantly by cover repair costs
  and your legal liability to pay for the damages
  caused to others.

6
Bike Theft

• Delhi Police in 2018 stated that out of the
  44,158 vehicles stolen in Delhi in that year,
  32,984 were two-wheelers. Vehicle theft is the
  least solved crime in the Delhi-NCR region with
  gangs of auto-lifters operating from every nook
  and corner. A comprehensive two-wheeler insurance
  policy can help the victim recover the cost of
  the stolen vehicle.

7
Hospital Expenses

• A study by Post Graduate Institute of Medical
  Education and Research (PFGMIER) in 2017 reported
  that the kin of road accident victims spend Rs
  17000 on immediate treatment while the indirect
  productivity loss of the said victims due to
  injuries could cost event more! With two-wheelers
  constituting 25 of the road crash fatalities in
  India, this expense should serve as a wake-up
  call for casual riders.

8

• However, in the face of such grim figures, bike
  insurance offers some solace. The basic third
  party bike insurance plan will offer up to 15
  lakhs compensation under personal accident cover,
  helping the policyholder or their family better
  handle the situation in case of grievous injuries
  arising from an accident.

9

• Driving a vehicle is a big responsibility as the
  driver is not only accountable to the commuters
  riding with him/her but also the safety of
  pedestrians and that of fellow drivers on a
  congested road. It is thus wise to buy
  two-wheeler insurance along your two-wheeler to
  secure your ride forever.