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Electric bikes/ e- bicycles in India have become very trendy in the past few years. This is because people have become increasingly conscious of adapting a sustainable lifestyle, thereby becoming responsible towards the environment, which has led to this gradual psychological shift. Today, even the most influential individuals and CEOs have adapted to the trend of riding an electric bike to office or for their daily chores.  This shift is because of the several benefits that electric bicycles/bikes have, but these electric bicycles are quite costly and any damage to them can drain you financially. Hence, an important tip is to buy an insurance cover for your e bicycle. The insurance cover provides coverage for the cost of repair of your cycle in case of any damage caused due to an accident, fire, riots etc. An insurance cover also protects your bicycle against theft or burglary. It provides you with accidental death cover, ensuring the financial security of your family. One of the...

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 a...

It is important to take all the precautionary measures while riding a bicycle so that you don't get injured. Also, taking safety precautions might keep your cycle safe from damages. For example, you should wear a helmet and all the safety gear while cycling. Also, you must follow the traffic rules and try to avoid unnecessary speeding-up especially on irregular or hilly tracks.  Being said that, it is not always possible to be safe and alert. Therefore, you should also subscribe to a Cycle Insurance India policy that can provide financial coverage when someone steals your bicycle, you lose it, or it gets damaged during a ride. A lucrative cycle insurance policy is provided by Bajaj Finserv . The essential features and benefits of this plan are stated below: High coverage amount  Get coverage of up to Rs. 50,000 by paying a premium of only Rs. 1499 that also includes an accidental death cover of Rs. 3,00,000. Or else, you can get a coverage of up to Rs. 25,000 that includes an...

Cycles can be a cost-effective and eco-friendly mode of transport. However, there can be numerous possible on-road risks like accidents or theft that can damage your commute. Getting a cycle insurance policy in India can help you avail financial assistance in such circumstances. Now you can continue enjoying the benefits of cycling without worrying about accidental damages.    Cycling serves numerous purposes besides daily transport. These vehicles are intrinsic to several competitive sports like mountain bike racing, time-trailing, track cycling, etc. Besides, cycling makes up for physical exercise with health benefits, including: Stress reduction. Strengthening leg and core muscles. Improved metabolism and weight management. However, increasing traffic poses a higher risk of on-road perils. This calls for certain indispensable safety measures for riders to follow. Follow road rules Abide by the several road signs and the traffic signal at every stop and turn. Besides e...

Bajaj Finserv now offers a range of insurance policies under the umbrella of Pocket Insurance & Subscriptions. When you avail a Pocket Insurance & Subscription like Cycle Insurance, you get to enjoy the following benefits: 1. Substantial sum assured You can enjoy coverage of Rs. 25,000 and up to Rs. 50,000 against a minimal annual premium of Rs. 899 and Rs. 1499 for damages caused to your cycle. Additionally, you can also claim accidental death coverage of Rs. 2 Lakh and up to Rs. 3 Lakh respectively per year depending on your requirement. 2. Broader coverage Accidental damage- You can avail financial assistance for any damage caused to your cycle due to accidents. Also, you can claim coverage for accidental deaths occurring at the time of riding the cycle. Burglary or theft- For damages caused to your cycle due to theft or burglary, you can claim coverage under this cycle insurance scheme. Fire and other incidents- You can enjoy financial assistance to bea...

Cycling is a part of many people these days. Owing to the health benefits and making pollution free environment cycles are of great demand among both youths and adults. But even cycles need protection from unforeseen situations. No matter how weird you feel about an insurance policy on cycle, you must know that there is a separate insurance policy known as the cycle insurance for people who are cycle enthusiast and have very expensive cycles with them.  Here is some of the information you must know about this scheme. Cycle insurance includes coverage for your cycle of course, along with all the costly accessories. It protects your cycle from theft or burglary. You can claim compensation amount if your cycle gets stolen. In case of any loss of accessories, you can claim for it. In case you face an accident and there is any damage to your cycle the cycle insurance will be able to get you replacement and repair if needed. It also covers damages made by any strikes o...