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Comprehensive Two-Wheeler insurance is not the same as third party liability Two-Wheeler insurance. While a third party plan protects a third person or property involved in an accident with your vehicle, a comprehensive two-wheeler insurance policy protects you, your bike, third party and property from financial damages.
A comprehensive third party policy will protect your two-wheeler, motorbike, moped, scooter etc, 24x7 & 356 days a year against fire, theft, natural or man-made disasters and more. Plus, you can also avail of cashless repair facility across network garages across India.
As per the law (Indian Motor Vehicles Act, 1988), it is mandatory to have at least a third party liability two-wheeler insurance policy in India. But it is advisable to purchase a Comprehensive Two-Wheeler insurance coverage policy. Here is why:
Disclaimer: The above mentioned prices are for a 2 year old Hero Honda Karizma R 223 CC, registered in Navi Mumbai & previous policy has expired.
Below is the list of events covered under a comprehensive two-wheeler insurance policy:
Below is the list of exclusions under a comprehensive two-wheeler insurance policy:
Here is a list of key features and benefits of having a comprehensive two-wheeler bike plan:
|Own Damage Cover||Complete protection against damage to your own motorbike.|
|Liability Cover||Covers damages against third party and property due to their death, disability and property destruction from an accident.|
|Personal Accident Cover||Rs. 15 lakh cover in case of death or disability due to an accident.|
|Add-Ons||Zero depreciation, No Claim Bonus Protection, Engine Cover, Return to Invoice, etc.|
• Roadside Assistance Cover
• Return to Invoice
Here is a smart comparison between comprehensive and third-party two-wheeler insurance
|What is Covered?||Third-Party||Comprehensive|
|Third-Party Vehicle Damage|
|Third-Party Property Damage|
|Own Vehicle Damage|
|No Claim Bonus|
|Damage from Natural Calamities|
|Personal Accident Covered|
|Zero Depreciation Cover|
No claim bonus is applicable only if no claims are made within a policy term. This rider option allows you to recollect your NCB and get a discount at the time of premium renewal. You can avail of an NCB of up to 50%.
You may feel that buying comprehensive two wheeler insurance would take so much of your time and effort, and you keep delaying this one day after the other. Well, it just takes 5 minutes. Yes, you read it right. 5 minutes and that’s it! Worry not, you wouldn’t have to pay a single penny extra for buying comprehensive two wheeler insurance online . At the same cost, you will be able to compare, buy and renew your insurance.
Buying a two-wheeler insurance policy online instantly on Coverfox is easy and simple, just follow the steps mentioned below: