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Why Should You Purchase a Bike Insurance Policy from TATA AIG?

Published On Sep 28, 2021 10:00 AM By InsuranceDekho

Purchasing insurance for your two wheeler is easy. Go through the article to take a note of the things that you should consider while buying two wheeler insurance from TATA AIG.

A two-wheeler is currently regarded as the most convenient form of transportation, with every one of us seeking to save time and resources. However, although riding a two-wheeler has its advantages, it also has its drawbacks. To begin with, there is always the possibility that the rider or pillion may be involved in an accident, leaving them injured and the vehicle damaged.

A third-party bike insurance policy only covers damages to other people. Complete protection insurance, on the other hand, protects the two-wheeler, you (the owner-driver), and any third parties. Both natural and man-made disasters are covered under this insurance. You may also incorporate numerous add-ons for a little extra cost.

Why Should You Purchase a Bike Insurance Policy from TATA AIG?

Why Should You Purchase a Bike Insurance Policy from TATA AIG?

These dangers may be mitigated with bike insurance coverage. A complete bike insurance coverage policy is available from Tata AIG. Here's a more in-depth look at why bike insurance is so essential -

1. The Law Requires It- In India, the Motor Vehicles Act of 1988 made third-party bike insurance compulsory. On Indian roadways, any two-wheeler, old or new, must have a valid insurance policy (at least third-party).

2. Avoid Penalties- Because bike insurance is required by law under the Motor Vehicles Act, failing to have it may result in a fine of $2,000 or a sentence of up to three months in jail. A penalty of up to $4,000 or three months in prison may be imposed for a second offence.

3. Financial Protection- A bike insurance policy for your two-wheeler may protect you against financial losses caused by an accident, theft, or third-party obligations.

4. Accidental Injuries- Your bike insurance doesn't only cover the damage to your bike. According to the policy, personal Accident Cover, which is now a required component of comprehensive motorcycle insurance, also covers injuries sustained due to an accident.

Must Read: Documents Required For Digit Two-Wheeler Insurance Policy Renewal

5. No Claim Bonus- Bike insurance providers will give you a No Claim Bonus if you don't file a policy claim within the first year of your two-wheeler insurance coverage. This NCB is a kind of discount for riding safely and without filing a claim. When you spend five years without claiming your bike insurance policy, the NCB is applied to the premium and maybe as high as 50%.

6. Cost Of Spare Parts- Spare components have grown prohibitively costly as the cost of two-wheelers has risen. A comprehensive bike insurance policy covers the cost of replacing these components.

7. Roadside Assistance- A bike insurance coverage may aid you with roadside assistance such as towing, minor repairs, fuel emergencies, and flat tires. Tata AIG provides a complete roadside assistance add-on for a small fee to cover your requirements in the event of system failure on the road for your two-wheeler.

Take Away

However, be certain that you purchase your bike insurance coverage policy only after thoroughly examining all of its advantages and features. Do what's proper, what's responsible. Don't underestimate the value of two-wheeler insurance. Consider Tata AIG's two-wheeler insurance as a security investment rather than just a vehicle accessory. It is possible to buy bike insurance online, which saves time. Buying bike insurance online is the ideal choice if you're often strapped for time. Before buying a bike insurance policy, make sure you read the policy terms and conditions and consider the following criteria to ensure you get the coverage that fits your needs and allows you to ride safely.

Also Read:

How to Find the VIN, Chassis Number and Engine Number of Two Wheeler  

Purchasing A Used Bike From A Different State? Keep These Things in Mind!

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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