Bharti AXA General Insurance, with their tagline of redefining general insurance, came into existence in the year 2008. They provide a complete range of insurance products; the broad categories have been listed as below:
- Car Insurance Plan
- Two Wheeler Insurance Plan
- Health Insurance Plan
- Critical Illness Insurance Plan
- Personal Accident Insurance Plan
- Individual Family Travel Insurance Plan
- Student Travel Insurance Plan
Why Do You Need Bike Insurance?
Globally, two wheelers are the most preferred vehicle when it comes to daily commute, be it rush hour traffic or getting by those packed narrow roads. For a smooth ride on your two-wheeler, especially when you are using it on a daily basis, it is important you pay attention to its maintenance.
If you are a proud owner of a two-wheeler or planning to buy one in the near future, you must know that bike insurance is mandatory. As per the 1988 Act of Motor and Vehicles, it is mandatory to get your two wheeler insurance done as soon as the registration formalities are completed.
What Are the Types of Bike Insurance Plans?
With Bharti AXA bike insurance you can choose between two plans, namely,
- Third Party Liability Coverage
- Comprehensive Insurance
Third Party Liability Coverage Bike Insurance Plan
With this type of Bharti AXA bike insurance, you are insured against only third injuries and damages to their property. This has zero coverage when it comes to your own property. People often opt for this plan as bike insurance is nothing more than a mandatory requirement to be completed.
The premium rates differ as per the engine capacity of your two-wheeler. The Insurance Regulatory and Development Authority of India, revises these rates on a yearly basis. You can utilize the online bike insurance calculator or get a quote from the insurance providers before you settle on a bike insurance plan.
Comprehensive Insurance Plan
This type of Bharti AXA bike insurance covers any injuries or property damages caused to you or your bike due to an accident, theft or natural disasters. This plan also includes the benefits of the third party liability coverage insurance plan. Make use of the online bike insurance calculator available on the insurance company’s website to understand the premium amounts to be paid as per your coverage goal.
A comprehensive insurance plan is highly recommended by experts in comparison to a third party liability insurance plan, mainly due to the coverage areas it offers.
Add-On Covers For Two Wheeler Insurance
Once you have settled on the basic insurance plan, there are add on covers that you can include for additional coverage.
- You can opt for a personal accident cover along with your Bharti AXA bike insurance, which provides insurance to both the rider and the pillion rider in case of an accident.
- With a normal policy, any additional accessories which have been repaired or replaced have to be insured separately. Or can opt for an add on zero depreciation cover that saves you the depreciation expenses.
Advantages of Buying a Bharti AXA Bike Insurance
- You are entitled for a No claim bonus, if your insurance policy is claim free for that particular year. This bonus can then be used to receive a discount while you renew your bike insurance policy. The bonus points are valid for a period of up to 5 years.
- If your vehicle has been fitted with any Automotive Research Association of India approved anti theft devices, then you can get a discount of up to 2.5% on your own damage premium.
- With Bharti AXA bike Insurance you can now insure your bike for a period 2 to 3 years. You do not have to fret about renewing your bike insurance on a yearly basis and also benefit with discounts provided on 2nd and 3rd year premiums. Use the online bike insurance calculator to know more about the benefits of a long term bike insurance plan.
- Till date they have issued 4.2 million policies, and have a network of more than 3000 cashless garages. As a customer you can reach out to them anytime of the day or night as they provide 24 hours support all through the 7 days.
- There are various aspects related to a bike insurance plan, forms to be filled, documents to be submitted, long queues to stand in. With Bharti AXA bike insurance, processes such as buying a policy, online bike insurance calculator, quote, premium payments, policy renewal, claims, and reimbursements can all be completed online within the comfort of your home.
When buying bike insurance it is advisable, not to look at it as a compulsory requirement. Understand the coverage areas offered in each plan, the premiums before you decide on buying one.
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