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...
In the unlikely event of an accident or theft of your bike, try to contact Royal Sundaram immediately. Keep the following information handy: Policy details Contact details Loss details The claim process may require different documents depending on whether the bike was stolen, damaged, etc. You can refer to the information given below for a detailed step to step...
As all vehicles are susceptible to risk and accidents, purchasing insurance brings you additional security and peace of mind. However, many vehicle owners are confused as to whether two-wheeler insurance is mandatory for 5 years or not. Let’s find out. The verdict - A two-wheeler insurance is mandatory for 5 years Many people are still unaware of the recent decision...
TWO-WHEELER INSURANCE IN INDIA The Motor Vehicles Act, 1988 introduced two-wheeler insurance in India . This insurance segment is regulated by the Insurance and Regulatory Development Authority of India ( https://www.irdai.gov.in/ ). Two-wheeler insurance protects your bike against damage, loss, theft, and covers any damages caused to a third party by the insured...
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