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Royal Sundaram iTalk

insurance blog from Royal Sundaram


Inconveniences of public transport, traffic and high-priced motor vehicles—all three of these major issues that have been making daily commute a real challenge for you, can be tackled with a single solution. A two-wheeler vehicle.

However, for some people selecting the apt model to pairing it up with the right insurance becomes a daunting task. Getting a two wheeler insurance year after year, is just too much to keep a track of. If having one more policy apart from your health, home or any other policy is overwhelming for you, we have got an easy way out.

Invest in a two wheeler long term insurance, and enjoy the benefits of a comprehensive plan without stressing over missing the renewal dates. If you are wondering how a bike insurance for a longer tenure works and how its premium is calculated, these are some facts to help you understand the procedure:

How is the Premium for Long Term Two Wheeler Insurance Calculated - Formula

  • Ø Like a regular policy, two wheeler long term insurance gives you the option of including an own-damage cover along with third-party liability protection. Premium is decided accordingly, and added features translate to added cost.
  • Ø The premium stays the same for the entire period of the policy, and remains unaffected by inflation.
  • Ø You will incur no additional premium cost, even if the third party premium rates elevate during the policy period.
  • Ø Premium for the entire duration of the policy is paid at its inception. This one-time payment saves you from the difficulty of yearly savings for insurance and any policy lapses.
  • Ø No claim bonus doesn’t become zero in the case of one claim during the entire 2 or 3 year policy period.

Free yourself from the trouble of renewing your policy every year. You can now enjoy the perks of a personal vehicle, with minimum hassle.

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