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The Different Types Of Two Wheeler Insurance

Understand the type of cover you can opt for in a two-wheeler insurance policy and understand the cover provided

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The Different Types Of Two Wheeler Insurance

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  1. The Different Types Of Two Wheeler Insurance

  2. Introduction • Bike protection is compulsory in India. Falling under the General protection item classification, it ensures individuals against mishaps that occur. • Dynamic Two Wheeler Insurance shields the vehicle proprietor from any unanticipated events like the mishap or any genuine harm to the engine vehicle. • A bike protection approach is given by any of the approved insurance agencies enrolled under the Insurance Regulatory Development Authority of India (IRDAI).

  3. Types of two-wheeler insurance • Liability Only Insurance Policy • Comprehensive Insurance Policy

  4. Third Party Liability Insurance Policy This approach is obligatory in India by law. It covers against property harm, misfortune, demise or real damage to an outsider in light of a mishap caused by the safeguarded bike. This protection covers the proprietor of the bike also.

  5. Comprehensive Insurance Policy • Also known as Package Policy, this spreads everything incorporated into a Liability Only Policy alongside extra inclusion for harm or burglary of the bike. This is a discretionary approach. this covers everything included in a Liability Only Policy along with additional coverage for damage or theft of the two-wheeler. This is an optional policy.

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