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Insurance Article

75% Two Wheelers in India are Uninsured. Is Yours One of Them?

October 01 2016
Two Wheeler Insurance for 3 Years

Know the importance of insuring your ride

According to a survey conducted by ICICI Lombard in 2015, two wheelers account for 70% of all the vehicles in India and almost 75% of these are uninsured. Either they are not covered under a policy, or the policy has lapsed. What's even more surprising is that these figures exist even when a third party insurance cover is mandatory for all vehicles.

The low renewal rate is largely attributed to the limited distributor interest as these policies have small ticket size. ICICI Lombard offers long term two wheeler insurance that reduces the hassle of yearly renewal for up to 3 years and safeguards you and your two wheeler from any unforeseen damage.

Why You Shouldn't Ride Without Two Wheeler Insurance?

As per Section 197 of the Motor Vehicle Act, 1988, and the revised Motor Bill 2016, you could be penalised for ₹2,000 or face an imprisonment up to 3 months or both for driving without insurance. But this is just one side of the story. Indian roads are highly vulnerable to accidents and two wheelers are one of the most affected in these accidents.

According to World Health Organisation (WHO) Global Status Report on Road Safety, around 16.6 lakh people died in road accidents in India in 2013-14. Two wheelers and pedestrians are the worst affected in these accidents. Motorcyclists alone constitute 23% of the overall road traffic deaths in the country. Therefore, a two wheeler insurance for Indian roads is a safe choice.

Why Buy ICICI Lombard Two Wheeler Insurance

Here are a few reasons to buy two wheeler insurance from ICICI Lombard:

  • Long term policy: ICICI Lombard offers two wheeler insurance with renewal options for 1, 2 or 3 years. You can opt for a 3-year option and avoid the hassle of yearly renewal.
  • Cashless garages: A network of 2150+ cashless garages allows you to travel seamlessly across India. You can always rely on them for any glitches during your journey.
  • Personal accident cover: Get an inbuilt personal accident cover and an add-on co-passenger cover. Now you can protect your loved ones too with our co-passenger cover.
  • Choose extra security: You can easily opt for an additional cover to secure the electrical and non-electrical accessories of your two wheeler.
  • Cover against disasters: Loss or damage of your two wheeler or its parts through a natural calamity or a man-made disaster is also covered.
  • Online policy renewal: Renewing your policy has never been so easy before. With online policy renewal, there will not be a vehicle inspection, even in the case of an expired policy.
  • Additional benefits: Avail additional benefits like No Claim Bonus (NCB) for every claim-free year and even more benefits for consecutive claim-free years.

Ride on with Peace of Mind

By riding an uninsured two wheeler, you are not only putting your life at risk but also risking the lives of your loved ones. Whether you are buying a new two wheeler, or if your existing policy has expired or is approaching expiry, a two wheeler insurance is strongly recommended for worry-free rides.

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