Protect your two-wheeler with the best bike insurance
Insure Your two-wheelers Now
What is bike insurance?
According to The Motor Vehicles Act, 1988, every two-wheeler owner must have their vehicle insured. A two-wheeler insurance is a legal document that provides cover for the cost of the damages during accidents and natural and manmade disasters. There are several other benefits that the insured can receive according to the policy they choose.
Types of bike insurance plans in India
Bike Third-party Liability Policy
It is an insurance coverage policy that covers the cost of the damages to third party property, including vehicles and the injuries to or death of its riders.
Bike Comprehensive Insurance Policy
This policy has a wider scope in terms of coverage. It combines the third-party Liability policy and insurance for damage to the bike owner’s own vehicle. Due to its wider coverage, it is more expensive.
Features and Benefits of Bike insurance
Why buy bike insurance at IVA insurance?
You have to know the exact benefits of an insurance policy and how effectively it can help you in order to choose the best policy suited to you. This is where IVA insurance helps you.
IVA insurance lets the buyer compare all the major two-wheeler insurance policies available in the market with their full range of features and benefits. You can easily compare and analyze the insurance quotes from all leading companies and choose the one that fits your requirements and budget.
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The Motor Vehicles Act, 1988 states that every vehicle used on public roads in India must hold a valid insurance policy.
The policy covers the cost of the damages by your vehicle to others and also vice versa in case of comprehensive policy. The actual purpose of bike insurance is to reduce the effect of emergency expenses relating to bikes.
Under the Indian law, a Third-party Liability policy is mandatory. As this type of policy only covers losses to the third-party, you can opt for a comprehensive insurance policy that covers the losses and damages incurred by you.
Bike insurance policy can be renewed both online and offline. Renewing offline consumes a lot of time and energy, whereas when the same is done in the online platform, the process is economical and quick.