Buying and managing bike insurance online is made easy with a reliable information technology infrastructure. The process offers several advantages, including 24/7 online support, effortless payment options, an instant quote, customisable plans and an easy renewal procedure.

With the option to purchase bike insurance online, you can enjoy a hassle-free experience. This includes immediate policy issuance and easy access to your plan. Look for insurance plans allowing you to personalise your policy according to your needs, offer quick solutions for queries and round-the-clock support. Read the inclusions and exclusions of the policy before you decide to purchase a plan so that you know the exact scope of coverage.

Benefits of comprehensive bike insurance policy

There are many benefits of having a two wheeler insurance policy, as listed below:

• Comprehensive 2-wheeler Insurance Policy offers maximum financial protection for your bike and covers third-party liabilities.
• It provides a No Claim Bonus benefit and protects against theft.
• Additionally, this type of policy in India offers compensation for natural calamities
• Coverage against legal liabilities incurred towards any third party
• Coverage for personal injuries to the rider
• Protection against man-made damages
• Repair expenses
• Death benefit
• Financial assistance for the complete or partial physical disability of the rider
• As long as you hold a valid driving license, you can receive compensation for medical assistance.

With increasing traffic and a rise in the number of accidents, comprehensive insurance can give you peace of mind.

Features of comprehensive bike insurance

Given below is a list of key features of a two wheeler insurance policy:

• Comprehensive two-wheeler insurance allows limitless claims in a policy year or during the tenure of the plan.
• Most importantly, it also covers bodily injuries and provides compensation in case of death of the policyholder and the pillion rider.
• When opting for comprehensive bike insurance, the insurer sets an amount as a fixed sum assured and may offer discounts.
• The policy also covers costs incurred due to natural or man-made damages, with optional features like zero depreciation cover to save on consumables.
• You can tailor your policy with specific add-ons such as zero depreciation, engine protection and emergency roadside assistance.
• Additionally, comprehensive two-wheeler insurance policies cover third-party liability for property damage, bodily injuries and death, but compensation is limited to a specific amount as mentioned in the policy.
• Such policies include personal accident coverage to protect the policyholder against injuries resulting in temporary or permanent disability or death.

Who should buy a comprehensive bike insurance?

While every bike owner needs at least a third-party insurance as per Indian law, comprehensive two wheeler insurance is ideal for:

• Owners of new or high-end bikes, where repair costs are high.
• Riders in accident-prone or theft-prone areas.
• Frequent commuters or long-distance riders face an increased risk.
• Anyone wanting peace of mind, knowing their bike is covered against a wide range of uncertainties.

Essentially, if your bike is more than just a basic utility, if it is a prized possession or daily companion, a comprehensive plan is a smart investment.

Factors affecting comprehensive bike insurance

Several variables influence the premium and coverage scope of your two wheeler insurance policy:

• Age and make of the bike: Older bikes may have lower premiums but limited IDV (Insured Declared Value).
• Geographical location: Premiums may be higher in accident or theft-prone areas.
• Engine capacity: Higher engine displacement usually means a higher premium.
• Add-ons selected: Each add-on increases coverage but may also raise the premium.
• Claim history: If you have a history of frequent claims, it may impact your renewal benefits and cost.
• Deductibles: Choosing a higher voluntary deductible can reduce premiums but increase out-of-pocket expenses at the time of claim.

Conclusion

Purchasing two wheeler insurance online has never been more seamless or efficient. With a strong digital infrastructure, the entire process, from comparing quotes to renewing your policy, can be done in just a few clicks. Opting for a comprehensive two-wheeler insurance policy increases your protection by covering not just third-party liabilities but also damages to your own vehicle, theft, natural calamities and personal injuries. With the added ease of plans that can be customised according to your needs, round-the-clock support and quick claim settlements, comprehensive coverage ensures your ride remains safeguarded at all times.

Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the topic featured in the article. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.