Isn’t biking is an extraordinary method for getting around? It’s quick, advantageous, and assists you with getting around without any problem. Yet, did you had any idea that assuming that you’re somebody who depends on a scooter for transportation, you should have bike protection?
In India, bike protection/scooter protection is required to ride your scooter on open streets. This sort of protection covers you in case of a mishap, and it can likewise give monetary security assuming that your scooter is taken.
It’s essential to purchase a scooter insurance contract online from a respectable organization. Fortunately for you, Dependence bike protection is one of the most incredible choices around. We offer internet based scooter protection that is not difficult to buy and entirely reasonable. Also, our approaches are customisable, so you can pick the inclusion that best suits your requirements.
Get a free statement today and perceive the amount you can save money on your scooter protection restoration!
What is Bike Insurance?
Bike Insurance is a kind of vehicle protection that explicitly covers cruisers. Generally speaking, when you purchase bike protection on the web, it will cover you in case of a mishap, and it can likewise safeguard against robbery and harm.
Under the Engine Vehicle Act 1988, it is obligatory for all bike proprietors in India to host essentially a third-gathering risk protection. Outsider scooter protection is the base degree of inclusion legally necessary, yet it doesn’t give insurance against things like robbery, fire, and catastrophic events. Consequently, we suggest that you analyze exhaustive and own harm scooter insurance contracts for better inclusion.
With Dependence General’s far reaching 2-wheeler insurance contract, you can have confidence that you’re covered regardless of the situation.
There are three principal kinds of scooter or bike protection: third-party, comprehensive, and own damage. Third party bike insurance is the base degree of inclusion legally necessary in India, and it covers you if a mishap happens that harms someone else or harms their property. In the event that you are found without scooter protection, you might be dependent upon a fine of up to Rs.2000.
Comprehensive 2-wheeler protection isn’t legally necessary, yet it gives extra assurance against things like burglary, fire, and cataclysmic events. Own harm scooter protection covers harm to your own bike, paying little mind to who is to blame.
Key Features of Reliance Two wheeler Insurance Policy
| Key Features | Benefits by Reliance General |
| Cashless Repairs | 8,500+ Cashless Garages |
| No Claim Bonus | Upto 50% Discount* |
| Discount | Upto 75%* |
| Claim Process | Easy Video Claims** |
| Claim Settlement Ratio | 98.6% Claims Settled (FY 21-22) |
| Add-Ons | 4 Add-ons available |
| Own Damage Cover | Available |
| Third-Party Damage Cover | Upto Rs. 1 Lakh for property damage, Permanent total disability cover |
Why Choose Reliance Two Wheeler Insurance?
Reliance General Insurance understands the significance of bike insurance, and we are focused on giving the best inclusion at the most reasonable costs. We offer online based bike protection restoration that is not difficult to buy and truly reasonable. Also, our strategies are customisable, so you can pick the inclusion that best suits your requirements.
Investigate a portion of the elements that put us aside from the opposition:
- Discount Offered
Whether you are another client or are hoping to purchase bike protection from Dependence General Protection, we have fitted designs for all gatherings with energizing limits to offer you. In light of the bike insurance on the web, you can use 20-80% off on the payment. This incorporates No Case extra limits, Willful limits, and that’s just the beginning.
- Add-On Covers:
Add-on covers are dependably advantageous as they offer you a chance to upgrade your scooter protection on the web. You can benefit of different extra covers, for example, motor defender, pillion rider cover, individual mishap pack cover, nothing deterioration cover, zero devaluation cover, and more from Dependence General Protection.
- No Assessment Restoration Strategy:
Restore your scooter protection online with no problems as we figure out your bustling timetable. We have a no-review restoration process for select plans that permits you to reestablish your strategy online without going through the problem of getting your bscooter investigated. Only a couple of snaps and you’re finished!
- Long term policy:
It isn’t just around bike protection reestablishment yet additionally about being future-prepared. At Dependence General Insurance, we offer long haul bike protection online plans that have a contract residency of as long as three years. This implies that you can save money on the premium and reestablish your arrangement once like clockwork rather than yearly. This saves your time and gives you something less to stress over.
- Paperless Exchange:
Gone are the days when you needed to finish up lengthy and drawn-out desk work to buy scooter protection. With our paperless exchange strategy, you can now purchase bicycle protection on the web or recharge your bicycle protection online without agonizing over any desk work. All you want is a web association and a couple extra of moments, and you’re good to go!
Why Do You Need a Two-wheeler Insurance Policy?
If you own a two-wheeler, then bike insurance is a significant speculation, and we at Dependence General Protection are focused on giving the best inclusion at the most reasonable costs. While our bike insurance arrangements accompany similar essential highlights, there are sure advantages that add to the worth of your bicycle protection contract. The following are a couple of justifications for why you ought to purchase bike protection on the web:
- No Claim Bonus:
One of the most mind-blowing elements of scooter protection online is the No Case Reward (NCB). This is a markdown that you can benefit on your premium in the event that you make no cases during the strategy time frame. The NCB can increase to 20% for the initial two years and can be conveyed forward for as long as five years. That is, 35% for continuous three years, 45% for four back to back years, and half for five successive years.
- Cashless Facility:
There are more than 8,500 credit only accomplice administration focuses and carports that are spread the nation over in Level 1 and Level 2 urban communities. This implies that you can benefit our credit only office without stressing over finding a help place in your space.
Customised Add- On Covers:
We comprehend that each client has various requirements, which is the reason we offer tweaked add-on covers. You can browse an assortment of extra covers, for example, Head protector Cover, EMI security, Day to day Stipend Advantage, Nothing Deterioration, and that’s only the tip of the iceberg. Best of all, Dependence offers an individual mishap cover with this arrangement, giving an extra front of Rs.15 lakhs to the policyholder for any clinical medicines because of a mishap.
- Instant Restoration and Claim Process:
We have a moment bike protection reestablishment process that permits you to recharge your scooter protection online with no problems. You can likewise benefit our 24×365 emergency aides administration if there should be an occurrence of any crisis. Likewise, we have a basic and simple case process that should be possible completely on the web. You should simply contact our client assistance, fill in the application, and present the expected archives. We will deal with the rest!
What are the Types of Bike Insurance Plans in India?
As said before, there are three sorts of scooter protection plans – outsider obligation protection, far reaching protection, and own harm protection. Each sort of protection has its own arrangement of elements and advantages. We should investigate the vital highlights of each sort of protection:
Third- Party Liability Bike Insurance:
This is the most essential sort of scooter protection. It covers any harm or injury caused to an outsider by the guaranteed vehicle. For this situation, the outsider could be a human or property. The outsider is covered for all coincidental wounds under this sort of protection. Above all, this kind of protection is required by the law. Most importantly, the top notch rates are lower.
Extensive Bike Insurance Plan:
Notwithstanding outsider liabilities, extensive 2-wheeler protection covers the policyholder against a harm, including total security against robbery, fire, mishaps, and normal disasters. While it has a somewhat higher superior, this sort of scooter protection isn’t obligatory by the law.
Own Harm Bike Insurance Plan:
This sort of scooter protection covers harms caused to the policyholder’s scooters, including occurrences like fire, mishaps, and normal disasters. It covers no outsider liabilities. The superior sum is lower when contrasted with a far reaching protection plan. In particular, own harm scooter protection likewise offers repayment in the event that your scooter gets taken.
Compare Reliance Two-wheeler Insurance Plans
| Covers Under Two-wheeler Insurance Online | Third-Party Two-wheeler Insurance | Comprehensive Two-wheeler Insurance | Own Damage Two-wheeler Insurance |
| Customisation of bike value (IDV) | ❌ | ✓ | ✓ |
| No hefty fines are levied if a valid policy in place | ✓ | ✓ | ✓ |
| Injury to a third-party person | ✓ | ✓ | ❌ |
| Damage to third-party vehicle/ property | ✓ | ✓ | ❌ |
| Choice of add-ons – Zero Depreciation and Emergency Assistance | ❌ | ✓ | ✓ |
| Personal Accident Cover of Rs. 15 Lakhs (Optional) | ✓ | ✓ | ❌ |
| Damage due to events like – Fire, theft, riots, etc. | ❌ | ✓ | ✓ |
| Damage due to natural calamities – Earthquake, cyclone, floods, etc. | ❌ | ✓ | ✓ |
Benefits of Bike Insurance
There are many advantages when you purchase bike protection online from Dependence General Protection. A portion of the key advantages are:
- Gives monetary assurance against harms brought about by mishaps, burglary, fire, or regular disasters. Assume your scooter is taken. All things considered, we will repay the market worth of your scooter as referenced in the arrangement archives.
- Assists you with saving money on fixes and support costs. Assume you have an exhaustive bike insurance contract. All things considered, you will be repaid for the expense of consumables and crisis clinical costs brought about because of a mishap.
- Gives you peace of mind while driving. You can zero in on taking in the scenery without agonizing over any unexpected occasions.
- Offers extra security with add-on covers. You can redo your scooter insurance contract by including at least one add covers to get total security against all possibilities.
- Reduces your legitimate obligation if there should be an occurrence of outsider property harm or real wounds. Assume you are to blame in a mishap, all things considered, your scooter insurance contract will cover the maintenance/substitution expenses of the outsider property harmed in the mishap and furthermore any clinical costs caused by the outsider because of substantial wounds.
Inclusion & Exclusions of Reliance Two Wheeler Insurance
Two-wheeler insurance online policies have some inclusions and exclusions. List of some of the common inclusions and exclusions of bike insurance are as follows:
What is covered in our bike insurance?
- Accidents you are compensated for any damage to your bike or third-party property.
- Theft:If your bike is stolen, we will reimburse you the market value of the bike at the time of theft.
- Natural Calamities: Natural calamities such as floods, earthquakes, or landslides, we will cover the damages caused to your bike.
- Fire Explosion:If your bike catches fire or explodes, your policy will cover the cost of repairs or replacement.
- Personal Accident: we offer a personal accident cover based on the nature of your policy.
- Third Party Liability:In case you are held responsible for any damage to third-party property or injury to a third-party person, we will provide coverage.
What is not covered in our bike insurance?
- Depreciation: Depreciation is not covered. This includes general wear and tear or an overall decline in the value of your two-wheeler.
- Electrical Breakdown: Electrical breakdown of the bike is not covered under two-wheeler insurance online policies.
- Illegal Driving: If you are caught driving illegally, Reliance General Insurance will not cover the damages caused.
Add On Covers for Two Wheeler Insurance Policy
Dependence General Protection gives different remarkable bike protection online extra covers that you can profit to get total security for yourself as well as your scooter. A portion of our most famous extra covers are:
- Consumables Costs:
Consumable costs are those that are expected to keep your scooter moving along as planned. These incorporate motor oil, coolant, brake liquid, chain lube, and so on. With this extra cover, we will repay you for the expense of these consumables, up to a specific breaking point.
- Extra Third- Party Property Damage Cover:
As the name recommends, this extra cover gives extra security to any harm caused to outsider property. The breaking point for this cover is higher than as far as possible under outsider obligation protection.
- Additional Personal Accident Cover for the Owner Driver:
This extra cover gives extra security in the event of coincidental passing or handicap. The breaking point for this cover is higher than the standard individual mishap cover. This cover can protect you and your family in case of casualty or serious wounds brought about by a mishap.
- Emergency Medical Expenses:
In the event that you or your pillion rider supports wounds in a mishap, this extra cover will repay the crisis clinical costs up to a specific cutoff, including the rescue vehicle costs. We will repay the costs no matter what the emergency clinic or specialist you pick.
- Get back to-Receipt Cover:
Assuming that your scooter or bike has been taken or seriously harmed, our re-visitation of receipt cover will assist you with getting the receipt cost of your vehicle.
- Devaluation Allowance:
Devaluation stipend is a heavily congested cover that assists you with beating deterioration at the hour of documenting a case for the maintenance/substitution of your vehicle’s parts. This works by repaying the devaluation when deterioration is deducted from the case sum.
How to Buy/Renew Bike Insurance
You can without much of a stretch purchase or recharge your scooter or bike insurance contract online at Dependence General Protection in a couple of basic advances.
To Purchase Scooter Protection On the web:
- Stage 1: Visit www.reliancegeneral.co.in and give your subtleties, for example, bicycle make and model, enrollment number, email, portable number, and so on.
- Stage 2: Select the extra covers (discretionary) you need to remember for your approach.
- Stage 3: Pick the residency of your arrangement and make the installment.
- Stage 4: Whenever you have made the installment, you will get a delicate duplicate of your scooter insurance contract record through email. You can likewise download it from our site by signing in to your record.
To Reestablish Scooter Protection On the web:
- Stage 1: Visit www.reliancegeneral.co.in and select ‘Restore Strategy’
- Stage 2: Enter your arrangement subtleties and snap on the ‘Continue to Recharge’ button.
- Stage 3: Select the extra covers (discretionary) you need to remember for your approach.
- Step4: Pick the residency of your arrangement and make the installment.
- Stage 5: Whenever you have made the installment, you will get a delicate duplicate of your scooter insurance contract report by means of email. You can likewise download it from our site by signing in to your record.
Instructions to Guarantee Scooter Protection
You can without much of a stretch make a case by following the means referenced underneath:
Moves toward follow for Hint of Misfortune:
- Stage 1: Following the event of a mishap or burglary, you ought to illuminate the police about it and get a First Data Report (FIR).
- Stage 2: in the event of a mishap, you ought to take your vehicle to the closest organization carport for fix. In the event of burglary, you ought to present a duplicate of the FIR to us.
- Stage 3: You really want to call our 24×7 cases helpline number +91 22 4890 3009 and illuminate us about the misfortune. Our chief will enlist your case and relegate a reference number for future correspondence.
Documents Required for filing a Claim for Your Bike
The list of documents required to avail online insurance for your two-wheeler is given below:
- Registration Certificate (RC):It is the most important document as it is required to verify the bike’s details such as make, model, engine capacity, etc.
- Driving license: You will have to submit a copy of your driving license at the time of buying/renewing your insurance policy.
- Previous year’s insurance policy documents (if any):If you have a previous year’s insurance policy document, then you will have to submit it at the time of making a claim.
- FIR copy (in case of theft):In case your bike has been stolen, then you will have to submit a copy of the FIR filed by you at the police station.
- Estimate from the garage (in case of an accident):In case your bike has met with an accident, then you will have to submit an estimate from the garage for the repair/replacement of parts.
- Discharge voucher and hospital bills (in case of third-party bodily injury):In case the third party has suffered bodily injuries in an accident caused by you, then you will have to submit the discharge voucher and hospital bills for the treatment availed by them.
- Repair bills (in case of own damage):In case your bike has suffered damages due to an accident or any other reason, then you will have to submit the repair bills incurred by you.
- No Claim Bonus (NCB) declaration: If you are renewing your bike’s insurance policy and have not made any claims during the previous policy year, then you will have to submit an NCB declaration form.
- ID proof: your pan card/Aadhaar card/voter ID card/passport as proof of identity.
- Address proof:You will have to submit a copy of your ration card/Aadhaar card/passport/utility bills as proof of address.
What is NCB, IDV, and Nil-Depreciation in Bike Insurance?
· No Claim Bonus (NCB):
It is a discount that is given to policyholders for not making any claims during the policy tenure. Suppose you have not made any claims during the previous policy year, then you will be eligible for a discount of 20% on the Own Damage premium in the next policy year. This discount will keep increasing every year up to a maximum of 50%.
· IDV:
It stands for Insured’s Declared Value and is the maximum amount that an insurance company will pay in case your bike is stolen or damaged beyond repair. It is calculated by taking into account the current market value of your bike, depreciation, etc.
· Nil-Depreciation:
It is an add-on cover that provides coverage for the replacement of parts without considering depreciation. In other words, if your bike parts need to be replaced due to an accident or any other reason, then we will reimburse the entire amount without considering depreciation.
Factors Affecting Your Two-wheeler Insurance Premium
- Type Insurance Policy:
You can purchase an outsider scooter insurance contract, an exhaustive scooter protection contract, or an own harm bike protection. An outsider scooter insurance contract is obligatory by regulation and covers harms brought about by you to the outsider. An exhaustive scooter insurance contract, then again, covers both own harm and outsider responsibility. Besides, own harm scooter insurance contracts are of two kinds – with and without deterioration. The own harm bike protection covers harms caused to your bicycle, independent of who is to blame.
- Kind of Bike:
The charge for your scooter insurance contract will rely upon the sort of scooter that you own. For instance, in the event that you own a game scooter, the top notch will be higher when contrasted with a standard bike.
- Cubic Limit:
It is the motor limit of your scooter communicated in cubic centimeters (cc). The higher the cc, the higher will be the premium.
- Risk Assessment In light of Driver’s Record:
We will actually take a look at your driving record prior to concluding the premium. This will include investigating your age and orientation. For instance, assuming that you are in your mid 20s and just got your permit, the exceptional you need to pay will be higher contrasted with somebody who is moderately aged and has long stretches of driving experience.
- The Market Worth of the Bike:
The superior you need to pay will likewise be founded on the ongoing business sector worth of your scooter. The market esteem relies upon the brand and usefulness of the vehicle.
- Adjustments Done on Bike:
On the off chance that you have made adjustments to your scooter, it will likewise be considered while finishing the premium. Certain individuals introduce costly parts and adornments for better performance and looks. This will bring about a higher premium as the scooter will be viewed as more important.
- Add-on Covers:
You can likewise settle on add-on covers to get extra inclusion. A portion of the famous extra covers you can decide on are nothing deterioration, emergency aides, motor defender, and pillion rider cover.
How to Save on Bike Insurance Premium?
There are a few things you can do in order to save on your bike insurance premium:
- Do not just buy the first policy you come across. Instead, compare different policies from different companies in order to find the one that offers the best coverage at the most affordable price. You can use an online insurance aggregator to easily compare different policies.
- Go for a higher deductible. A deductible is the amount you must pay out of your pocket before the insurance company starts paying. By opting for a higher deductible, you can lower your premium significantly. However, make sure you can afford to pay the deductible in an emergency.
- Availing add-ons is a great way to save on your premium. For example, if you live in an area that is prone to flooding, then opting for the add-on cover of the engine protector will save you a lot of money in the long run as it will cover repairs due to water damage.
- Install a security device that has been approved by the Automobile Association of India (AAI). This will lower your premium as it will make your bike less prone to theft.
Note: You can unlock substantial savings on your premium with our array of insurance discounts, such as No Claim Bonus of up to 50%*, Antitheft discount of up to 10%*, Automobile Association of India Membership discount of up to 5%* and Renewal Discount of up to 10%*.
How to Calculate Bike Insurance Premium?
One of the most straightforward ways of computing your bike or bike insurance payment is to utilize our bike protection online mini-computer. Follow the basic advances:
- Add the subtleties of your scooter, including make, model, enlistment year, and so forth.
- Pick the sort of arrangement you need. Enter the city you live in. Notice your age and orientation. Add any extra covers you need.
- Click on ‘Ascertain Premium’ and presto! You will get a moment quote for your scooter insurance contract expense.
Things to Be aware of Bike Protection
Premium:
The expense is the sum you need to pay for your bike insurance contract. It very well may be paid on a month to month, quarterly, or yearly premise.
Inclusion:
Inclusion is how much cash the insurance agency will pay in the event of a mishap or robbery.
Deductible:
The deductible is the sum you need to pay out of your pocket before the insurance agency begins paying.
Add-on covers:
Add-on covers are discretionary and will furnish you with extra inclusion. A portion of the famous extra covers incorporate nothing deterioration, emergency aides, motor defender, and pillion rider cover.
Cashless claims:
With a Cashless case, you can get your scooter fixed at any of the organization carports of the insurance agency without paying anything out of your pocket.
Consumables:
Consumables are things that should be routinely supplanted and incorporate things like motor oil, brake cushions, and so on.
No-Claim Bonus (NCB):
On the off chance that you make no cases during the strategy time frame, then, at that point, you will be qualified for a no-guarantee reward at the hour of recharging your arrangement. This markdown can increase by to half and will bring down your premium altogether.
Individual Mishap Protection:
Individual mishap protection is an extra cover that will furnish you with monetary help with instance of a mishap.
Outsider Risk:
Outsider risk is required in India and will give inclusion on the off chance that you unintentionally harm another person’s property or harm them while riding your scooter.
Strategy Period:
The arrangement time frame is the length for which your insurance contract is substantial. It is regularly one year and can be reestablished after it terminates.
IDV:
IDV or Guaranteed Proclaimed Worth is the most extreme sum that will be paid by the insurance agency in the event of a mishap or burglary.
Disclaimer: *The rebate fluctuates premise vehicle details, No Case Reward markdown and Geological area of the vehicle to be safeguarded. Limits have been determined based on the rates recommended under past Indian Engine Duty. Limits are appropriate just to the Own Harm segment and limits might differ according to the vehicle make, model, RTO, and age of the vehicle.
Agreements apply. *For more subtleties on risk factors, terms conditions, handout, and rejections, kindly read the strategy phrasing cautiously prior to finishing up a deal. Subtleties referenced are for the item Dependence Bike Bundle Strategy. Markdown isn’t relevant on televisions models. Limits referenced above depends on Vehicle class, Faithfulness, Leaving and Driving experience. **Subject to terms and conditions.UIN-IRDAN103RP0011V02100001.
Investment funds/limiting is on the Own harm piece of engine protection as it were. Rebate on premium relies on different gamble factors like vehicle risk classification, NCB status, vehicle leaving offices, topography and so forth. Last quantum of limiting might change after entering the vehicle and additionally risk subtleties.