Know How To Claim Cycle Insurance In India

Buying cycle insurance is easy, but the process of raising the claim in case of damage contains several details that you must know so that you do not miss out on your claim. Most cycle insurance providers in India provide for accidental damage cover protecting you against any financial damage to your costly electric bicycle. But the Cycle Insurance by Bajaj Finserv also provides accidental death cover in case of the demise of the insured individual as a result of an accident, while riding the bicycle. Therefore, with the right insurance plan, you are covered fully, and that too with a high sum insured at affordable premiums.

Now the question is what are the steps that must be followed in case of a mishap and you want to raise your claim. We have mentioned these below for you-

In case you have met with an accident and your cycle needs repair, call your insurance provider immediately.
The insurer will send authorized personnel to evaluate the amount of damage caused to your cycle and will have your insurance claim registered. Once the claim is registered a registration number is generated that will be used during the settlement process.
Now that you have registered for a claim you can go to a garage for the repair of your bicycle. Remember to collect all the bills or go to a repair station where the cashless facility is available.
In case of accidental death from your bicycle, you can raise claims later. The process is not immediate helping the family to cope up with the grief.

While most claims can only be procured for accidents that occurred in India but with Bajaj Finserv’s Cycle Insurance you can raise for claims irrespective of which part of the country or world the accident occurred in. So, people who like to travel on their bicycles or carry their bicycles on their trips around must avail the policy.

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