What is Two-wheeler Insurance?

Bike Insurance is a type of non-life insurance that comes under the Motor Vehicle Insurance Policy. The Two-Wheeler Insurance in India covers accidental insurance for the drivers of the vehicle. In India, Two-Wheeler Insurance is mandatory under the Motor Vehicles Act, 1988.

Benefits of Two-wheeler Insurance

• Loss or damage by accident, fire, lightning, self-ignition, external explosion, burglary, housebreaking or theft, malicious act
• Liability for third party injury/death, third party property and liability to paid driver
• On payment of appropriate additional premium, loss/damage to electrical/electronic accessories

What is Two-wheeler Insurance Premium?

To get a Two-wheeler Insurance, an amount of money is to be paid to the insurance company by the policy holder. The premium is an important aspect. In case of failure in payment of the premium the policy will be considered as invalid. Premium can be paid annually, half yearly, or monthly.