Two Wheeler Insurance
Is Two Wheeler Insurance Mandatory for 5 Years?
This article explains the IRDAI rule that mandates a 5-year two-wheeler insurance policy for all new bikes and scooters. It covers how long-term policies work, their benefits, claim settlement impact, and how to transfer your policy when selling a vehicle. It also helps bike owners understand No Claim Bonus (NCB) calculations and the difference between third-party and comprehensive coverage under the 5-year plan.
02 Feb 2022
This article explains the IRDAI rule that mandates a 5-year two-wheeler insurance policy for all new bikes and scooters. It covers how long-term policies work, their benefits, claim settlement impact, and how to transfer your policy when selling a vehicle. It also helps bike owners understand No Claim Bonus (NCB) calculations and the difference between third-party and comprehensive coverage under the 5-year plan.
02 Feb 2022