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3 Must Read Benefits and Features of Bike Insurance



In the current world of automation and advanced mechanics, bikes can cost anything between Rs. 50,000- Rs. 1,50,000 or even more. With such a high investment in buying a bike, it is also important that you invest a very small amount in the security of the bike and your finances. This is why having motor insurance, or bike insurance is extremely important. While many believe that bike insurance only protects the vehicle, the truth is that there is much more to it.

Here are 3 benefits and features of bike insurance to help you understand why having bike insurance is so important. But before we begin, you must know that having third-party bike insurance is mandatory in India as per the Motor Vehicle Act, 1988. So, in any case, you must have bike insurance cover. The below points will help you choose wisely.

  1. Buy bike insurance online- Buying bike insurance online will help you avail of the cover at lesser premiums than otherwise available through offline mode. Owing to the easy application and confirmation process, you can buy the bike insurance on your mobile/computer.

  2. Third-party coverage- With a bike insurance cover in place you do not just cover your bike and yourself but also any third-party damage is also covered under the plan. For instance, in case of an accident involving your vehicle, any form of third-party damage to an individual or his/her vehicle will be covered under the plan.

  3. Covers for you and your hospital needs- If you have bike insurance cover the cost for accidental damage to your vehicle will be incurred by the insurer. The plan also covers the hospitalization cost in case you are injured in an accident. Furthermore, it also provides accidental death cover to provide financial support to your family in case of your sudden demise due to an accident.

Hence, a bike insurance plan is your comprehensive cover helping you save your money and attain mental peace. If you want to avail a bike insurance plan, comprehensive or third party bike insurance with extensive benefits at affordable premiums, you can visit Bajaj Finserv website to know about the plans in detail.
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