Everything You Need To Know About Top Insurance Companies

There are several Insurance companies which provide insurance policies in India but before buying any of them we should look at their features first.

So many companies are there to provide insurance for a bike but people choose from top good companies like Life Insurance Corporation is one of the top and leading insurance company registered by the Insurance Regulatory and Development Authority of India (IRDAI). So, Select the best insurance companies in india to secure your future.

Indian two wheeler sector has rapidly grown during last few years at a rate of 9.5%. It’s clear that roads are full of bikes and other two wheeler but the roads are not safe neither traffic management is done in a correct manner. This is one of the main reason that nowadays people are much aware to buy plans and get insured. Bike insurance is a blessing. People understand the worth of an insurance when they have a need to file a claim.

A two wheeler insurance policy is essential as it is an agreement between an insurance company and an individual wherein the insurer covers any damages incurred by the two wheeler in case of an accident, natural disasters or theft.

Top insurance companies that provide two-wheeler insurance in INDIA

·        HDFC ERGO GENERAL INSURANCE COMPANY LIMITED

·       BAJAJ ALLIANZ GENERAL INSURANCE COMPANY LIMITED

·       BHARTI AXA GENERAL INSURANCE

·       NEW INDIA ASSURANCE COMPANY LIMITED

·       SBI GENERAL INSURANCE COMPANY

·       RELAINCE GENERAL INSURANCE COMPANY

·       ICICI LOMBARD INSURANCE COMPANY

Bike Insurance- A bike insurance plan offers protection against liabilities that arise from injuries to the rider as well as third party, depending on the type of policy you have for your two wheeler protection.  It is compulsory to have a bike insurance in India.

·       Bike insurance coverage includes loss or damage to your vehicle against natural calamities.

·       Personal Accident Cover

·       Third Party Legal Liability.

BIKE INSURANCE COVERAGE-

 This can be classified into two categories:

1.     Third Party Liability

2.     Comprehensive Coverage

A two wheeler insurance policy is essential as it is an agreement between an insurance company and an individual wherein the insurer covers any damages incurred by the two wheeler in case of an accident, natural disasters or theft.

These days considering the worst scenario of increasing number of accidents, bike insurance is mandatory as per the Motor Vehicle Act, to ride bikes on the roads in India it is must to have a bike insurance.

Bike insurance provides coverage to the insured vehicles plying on the roads. It offers protection and security from various perils, fire etc.

The insurances are available at affordable prices and there are many companies which provide insurance. Even banks are really helpful as they offer loans at low rate of interest so that people can make their dream come true of buying a two-wheeler. For a middleclass person bike is essential thing and more than a luxury, bikes require low maintenance.

Two wheeler vehicles are your best partners and considered as a easy mode of transportation.

Two wheeler insurance does not provides insurance coverage to the owner, it provides coverage to the vehicle. To ensure that bike is safe on the roads people opt for bike insurance from any of the top insurance company offering bike insurance coverage. Before buying bike insurance, one should consider few important factors. Two wheeler insurance offers risk coverage towards injury, damage or loss of the vehicle and third party liability. Nowadays top insurance companies offer online bike insurance which is safe and convenient to buy.

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