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Bike Insurance 2864 views April 11, 2020
New India Assurance Company Limited is a leading general insurance company in India. The company offers a wide range of general insurance products to cater to the insurance needs of its customers. The company product portfolio consists of insurance products ranging from health insurance, car insurance, travel insurance, and two-wheeler insurance. The two-wheeler insurance is one of the most popular products offered by the company. Read on to know more about New India Assurance Two Wheeler Insurance.
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The two-wheeler insurance plan by New India Assurance is designed to cover the damages caused to various two-wheeled vehicles. The two-wheeler vehicles include all the scooters, mopeds, and motorcycle.
This policy is designed to cover the damages caused to the third party on account of damages to the property, accidental death, physical injury. Two-wheeler insurance has been made mandatory, under the Motor Vehicle Act 1988, to all vehicle owners using two-wheelers for commutation. A two-wheeler policy must be carried by the owner in the vehicle to prove the existence of such insurance.
The New India Assurance two-wheeler insurance plan offers the following two types of damage cover:
The scope of the new India Assurance Two-wheeler Insurance is holistic as it takes care of most of the expenses. The scope of the policy refers to the coverage offered by the insurance policy to cover the vehicle owner’s legal liability towards compensation payment of:
The cost of the following expenses is not covered under the policy
Thus, above are some of the major exclusions under two-wheeler insurance. It is highly recommended to read the policy wordings to know the entire list of exclusions under the policy
Like life insurance, even two-wheeler insurance offers the opportunity to strengthen the insurance coverage by opting add-on covers. The extent of the policy can be enhanced using Add-on Cover by paying an additional premium amount. The following extended cover can be opted using Add-ons
Any individual who is a vehicle owner and has a vehicle registered with RTO under his / her name has to purchase a two-wheeler insurance policy.
Two Wheeler Insurance is mandatory and every vehicle owner has to purchase the same. New India Assurance is a trusted name and it offers one of the most popular two-wheeler insurance plans.