FAQs November 9, 2018

In the world of 2 wheeler insurance, we often hear the word “Compulsory Deductible”. This term actually refers to the term Compulsory Excess while buying any kind of motor insurance including 2 wheeler insurance in India. It is part of the claim that the 2 wheeler vehicle owner has to bear out of own pocket. The amount is determined by the Insurance Regulatory Development Authority of India (IRDAI) each year and has been fixed at Rs 100 for insurance policies bought in 2018.