Scooters and bikes are a popular mode of transportation across the country. As per government rules, it is mandatory that vehicle owners enrol in some bike insurance premium scheme or the other like, the popular, Bajaj Allianz.
One of the reasons why two-wheeler vehicles are popular, particularly in cities, is because of traffic. However, safety while riding a bike is a common concern shared by riders and pillions alike and that investing in the good bike insurance premium is a smart move.
Every year, the number of road accidents with two-wheeler vehicles is alarming and a reason of concern make the role of helmets pivotal. This article covers the A to Z of bike insurance and the various aspects to consider while signing up for a policy.
What Is Meant by Two-Wheeler Insurance?
Two-wheeler insurance refers to the agreement between a vehicle owner, policy holder, and an insurer. The policy holder agrees to pay a premium amount to receive monetary assurance from the insurer.
The objective of signing up for bike insurance premium policy is that if an accident takes place resulting in damage to the vehicle or injury to the policy holder then a claim can be made. During any emergency it can be difficult to arrange funds to take care of medical expenses but a bike insurance premium policy can help ease this burden.
There are different types of liabilities that include own damage and mishaps. For instance, an example of own damage is vehicle damage while another type is man-made calamites caused due to mishaps.
Do You Need to Invest in Bike Insurance Premium?
Yes, it is essential that owners of two wheelers must get an insurance cover or they can be arrested as it against the law to travel without insurance. Since safety is paramount, the insurance policies for scooters are easily accessible and affordable.
Some of the benefits of investing in a bike insurance premium policy include:
- In case of mishap or accident the insurer covers legal and financial expenses
- Benefits extended to policy holders like cashless claim and roadside assistance
- Regular payment option to pay premium easing financial burden of policy holder
- Provision to take up long term policy that can be renewed every few years
There are so many options that policyholders can choose from. However, this makes it all the more difficult to select the perfect bike insurance premium policy.
As per reports published by IRDAI, the best bike insurance premium policies are extended by Bajaj Allianz, IFFCO TOKIO, Bharati Axa, and New India Assurance just to name a few.
While comparing these options, one should look at the following aspects:
- Look up online reviews on the quality of service extended to clients as well as the problem-solving capacity.
- Compare the quotes and benefits provided as well as discounts offered.
- Difference between benefits extended for 1-year policy and extended policies.
- Frequency of payments towards policy premium and the amount to be paid.
What are some of the Standard Features in a Bike Insurance Policy like Bajaj Allianz Bike Insurance?
While shopping for bike insurance policies, it is best to come up with a check-list of the standard features offered in popular policies. For instance, Bajaj Allianz Bike insurance package for two wheelers covers a vehicle up to 3 years and protects the vehicle from theft, third-party liability, and physical damage.
Some of the key benefits extended by Bajaj Allianz bike insurance policy include option for online renewal of policy which is hassle free, 24/7 customer service, instant claim assistance, and tension-free inspection process. For this reason, Bajaj Allianz bike insurance is one of the most popular policies available in the market today.
Important Questions: Was a Helmet Worn?
In 2017, Nasik Police in Maharashtra announced that they would mention whether a helmet was worn or not in the incident report filed, for example in accident cases. If the rider was not wearing a helmet while riding the bike, it is possible that the bike insurance premium, Bajaj Allianz bike insurance, claim can get rejected.
Insurance companies can contest that the decision of not wearing a helmet is a deliberate choice and they are not liable to pay for damages. It is considered as a sign of recklessness on the part of the driver as it puts other people on the road at risk of accident as well.
Why is Wearing the Helmet Important?
Not wearing a helmet can cause more harm than good. For this reason, in India, it is mandatory to wear a helmet while riding a bike or scooter and it there is a law backing the importance of this.
There shouldn’t be a choice between whether one should wear a helmet or not while riding a bike. At the same time, bike insurance premium plans like Bajaj Allianz bike insurance can help as an effective back up plan in case of accidents.
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