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Tips on Two Wheeler Insurance

The term insurance means a financial cover or protection from financial loss. How terrible is the thought of damaging your new vehicle and realizing that it hasn’t been insured? The majority of the work-force in India today prefers a two-wheeler vehicle for commuting every day since it saves a lot of time compared to a four-wheeler. If you are one of those who commute on a bike every...

Possessing valid two-wheeler insurance is compulsory in India. To encourage people to buy the insurance and ensure protected driving, the Motor Vehicles Act, 1988 made it mandatory to have a valid two-wheeler and four-wheeler insurance before plying vehicles on roads. The Motor Vehicles (Amendment) Act, 2019 has increased the fine for driving without valid insurance to Rs 5000.   ...

A second-hand two-wheeler is the most affordable option for many Indians. Considering the infrastructure in this country, it is also a convenient option to commute for shorter distances. Buying a second-hand two-wheeler is even complicated than getting a new one. For a new bike, you can be assured of the information provided to you by the showroom owner. However, when it comes to...

In India, a two-wheeler is a middle-class man’s best friend. Considering the infrastructure in the country, a two-wheeler is the best way to commute for short distances. However, there are safety concerns which is why it is mandatory to avail a two-wheeler insurance policy in India.   It is seamless and quick to buy a two-wheeler insurance policy for new vehicles. Vehicle...

TWO-WHEELER INSURANCE IN INDIA The Insurance and Regulatory Development Authority of India (IRDAI) regulates the two-wheeler bike insurance sector in India. Bike insurance insures your two-wheeler against damage, loss, theft, and covers the damages caused to a third party by the insured vehicle. It provides a “Personal Accident cover” to owner-driver, wherein if the vehicle meets...

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