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 (IRDAI). Two-wheeler insurance protects your bike against damage, loss, theft, and covers any damages caused to a third party by the insured vehicle. It also provides owner-driver insurance that pays reimbursement...
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 with an accident, the owner-driver...
TWO-WHEELER / BIKE 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 (IRDAI). Two-wheeler insurance protects your bike against damage, loss, theft, and covers any damages caused to a third party by the insured vehicle. It also provides...
You may be a young college student who has just been gifted a new bike or a working woman who has bought a new two-wheeler to commute to the office. For sure, a new two-wheeler makes your life simpler. It does not only reduce your expenses, it also cuts short your travel time. But did you consider the other externalities before buying? What about the safety and protection of...
While buying an insurance policy, it becomes quite difficult for a common man to understand several jargons that are there in a document. IDV or insured declared value is one such important term that you will come across while buying or renewing your bike or car insurance policy. Thus, it’s important for you to know everything about it as the whole concept of buying or renewing your...
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