Plot No.1 ,3rd Floor Lalwani Complex, Above Axis Bank, Vidya Nagar, Bhopal, Madhya Pradesh 462026.
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Know all about Two Wheeler Insurance - Definition, Importance, Types of Bike Insurance.
There are 3 types of bike insurance policy in India and Notion Insurance offers all of them.
This type of insurance policy is the most preferred cover by the car owners. It provides financial support to pay for the damages caused to the own vehicle & the third-party. As the name suggests, this type of insurance provides comprehensive cover.
The standalone own-damage two-wheeler insurance policy gives coverage for the damages sustained by the insured bike due to an accident, theft, fire, natural disaster and man-made calamity. A standalone own-damage policy provides flexibility to policyholders for choosing an insurance company of their choice. The policyholders can buy a third-party policy and own-damage policy either from the same insurer or a different one. An insured individual can expand the coverage of a own-damage insurance policy by buying add-on covers.
It is compulsory for bike riders to have a third-party two-wheeler insurance plan for their two-wheelers. It is also known as liability-only policy which covers physical injuries, temporary or permanent disability, and death of the third party person due to an accident or a mishap. This motorcycle or scooter insurance policy also covers the property damage expenses sustained by the third party up to Rs. 1 Lakh, but does not cover damages to your own bike.
Own-Damage, Third-Party Liabilities,Theft, Fire, Natural,Calamities
Third-Party Liabilities.
Own-Damage, Third-Party Liabilities,Theft, Fire.
yes
No
Limited
High
Low
Moderated
yes
No
Limited