Riding a two-wheeler is exciting. India’s most preferred private transportation mode allows you to cruise through the town conveniently. However, it also comes with accident risks. The Motor Vehicle Act of 1988 requires all bike owners to invest in a basic Third-Party Insurance.
Therefore, it is better to pay a slightly higher premium and invest in additional Bike Insurance covers that provide enhanced security, especially in an accident and uncertain consequences.
Personal Accident Cover
This is an essential feature of Two Wheeler Insurance, offering protection against serious injuries or death sustained in an accident. Additional covers are available for pillion riders. You get a compensation of approximately Rs. 1 lakh as Personal Accident Cover if you are between 18 and 65 years. A Comprehensive Policy includes additional factors that make it attractive.
While it is not mandatory to pay a high premium, you should do so for a higher sum assured. Remember to renew your Insurance annually before expiry.
Benefits
After digitalisation, you benefit from buying online Bike Insurance by visiting the website, reading the inclusions, comparing the plans, and deciding on an affordable scheme. After approval, you receive the policy document at your registered email address, which is valid proof. The following are its benefits:
Accidental Death Cover
If you are the family’s breadwinner, opting for an Accidental Death Cover is ideal. An accident puts the dependent members’ financial condition in trouble and increases the financial liabilities. By buying the Personal Accident Cover under 2-Wheeler Insurance, your dependent family members get 100% of the total sum insured for stability during a financial crisis.
Compensation
Depending upon the accident’s severity, you suffer a temporary or permanent disability that adversely impacts your family’s finances. Accident Cover provides coverage for temporary or permanent partial disabilities. You get compensation of a fixed percentage of the sum assured for partial disabilities and 100% for permanent disabilities.
Cash allowance
You sustain severe injuries in a road accident requiring hospitalisation for a certain period. You get a cash allowance to meet these expenses for 50 days from the time of admission. The General Insurance provider approves your claim if you provide them with relevant proof and follow the claim process.
24×7 assistance
Besides the Personal Accident Cover, you also become eligible for 24×7 claim assistance to help you with all your claim filing and redressal needs. Also, most companies provide Roadside Assistance Cover for you to receive help soon. The helpline offers instant support and guides you through the claim process during stressful times.
Renewal benefits
When buying an online 2-Wheeler Insurance, you remain carefree about the renewal. The provider sends you email and SMS reminders. Online policies provide unlimited access to the document and enable you to upgrade it without physical visits to the branch. It saves time and money as you escape penalty payments to traffic authorities.
Conclusion
Buying an Insurance Policy for your two-wheeler is a boon. It saves you from unnecessary third-party expenses in an accident and allows your family to roam freely on Indian roads.
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