Two-wheeler insurance
Two-wheeler insurance is a type of insurance policy designed to provide financial protection to the owner of a two-wheeler vehicle (such as a motorcycle, scooter, or moped) against various risks such as accidents, theft, and damage to the vehicle.
There are two types of two-wheeler insurance policies:
- Third-party insurance: This is the minimum legal requirement for all two-wheeler vehicles in India. It covers the damages caused by the insured vehicle to a third party, including injury or death of the third party and damage to their property.
- Comprehensive insurance: This policy covers not only third-party liability but also damage to the insured vehicle, theft, and personal accident cover for the policyholder.
Two-wheeler insurance policies typically have a term of one year, after which they need to be renewed. The premium for the policy depends on factors such as the make and model of the vehicle, the age of the vehicle, and the location of the policyholder.
There are many insurance companies that provide two-wheeler insurance in India. Some of the major insurance companies that offer two-wheeler insurance policies are:
- ICICI Lombard General Insurance Co. Ltd.
- HDFC ERGO General Insurance Co. Ltd.
- Bajaj Allianz General Insurance Co. Ltd.
- Reliance General Insurance Co. Ltd.
- Tata AIG General Insurance Co. Ltd.
- National Insurance Co. Ltd.
- New India Assurance Co. Ltd.
- Oriental Insurance Co. Ltd.
- United India Insurance Co. Ltd.
These are just a few examples, and there are many other insurance companies in India that offer two-wheeler insurance policies. It is important to compare the features and benefits of different policies and choose one that suits your requirements and budget.
