Thinking For a Gift This Bhai Dooj? Buy a Bike Insurance Policy For Your Brother to Secure His Ride

Posted on: Oct 7, 2021 | | Written by:

Thinking For a Gift This Bhai Dooj? Buy a Bike Insurance Policy For Your Brother to Secure His Ride

Published on October 6, 2021. EST READ TIME: 3 minutes

Bhai Dooj is less than a month away, and many sisters must be planning some presents for their brothers. If your brother owns a bike, then an insurance policy for his two-wheeler vehicle can be an ideal gift for him. Gifting your brother an insurance policy for a bike will secure his ride. A bike insurance policy is indeed a meaningful gift for your brother. You can choose the plans for the bike insurance policy as per his frequency of travel, geographical location, age and other requirements to meet his needs.

Why there is a need for an insurance policy for the bike?

As per the Motor Vehicle Act 1988, it is mandatory for every two-wheeler running on Indian roads to be covered by at least a basic third-party insurance policy. An insurance policy for bikes acts as a safety net for two-wheelers against financial loss that might arise from accidents, burglary, theft, and damages caused due to accidents.

Importance of Bike Insurance Policy

-Bike insurance policy not only insure your vehicle against any unwanted events but also guard against damage done to the vehicle due to a personal accident.

-Two-wheeler owners can claim insurance in the event they incur any loss during driving.

- With the increased usage of the motorbike in metro cities, the probability rate of mishap or any unprecedented troubles are higher. Hence bike insurance policy needs always to be active to secure oneself.

- The traffic cop charges a heavy fine if a person gets caught riding a bike without any insurance policy.

- A comprehensive two-wheeler insurance policy insures the vehicle against theft.

Types of Bike Insurance Plan

Multi-Year Comprehensive Two Wheeler Insurance:

Option to choose the tenure for coverage against damages. Hence, you can get your brother’s two-wheeler covered for three years, providing him relief from renewal hassles.
Covers against damages to own two-wheeler or damages to a third party person/ property.
Coverage against personal accidents, theft and natural calamities is also provided.
Choice of Add-on.

Cover For Brand New Bikes:

One year coverage against damage to own bike along with a five year cover against damages to a third party person/ property.
Choice of add-ons is also available.
Cover for theft, natural calamities, and personal accidents.
Ideal for those who have purchased a brand new bike/scooter.

Stand Alone Own Damage Cover:

If you want to provide a shield to your brother’s bike against financial losses due to damage to his bike, then go for a stand-alone own damage cover bike insurance plan.

Third-Party Cover:

This is only ideal to opt for this plan if your brother uses a bike infrequently. This plan provides coverage against personal accidents, third-party property damage, and injury to a third-party person.

Add-ons Covers For Bike Insurance Plan

- Zero Depreciation Cover:

We are aware that bike/scooter value starts to depreciate as soon as it leaves the showroom. With zero depreciation cover, the claim for physical damages can be made without any depreciation cuts. This add-on is ideal for premium bikes as it helps decrease the expenditure involving losses.

- Emergency Assistance Cover:

If your brother happens to go on a long road trip frequently, then emergency assistance cover along with a bike insurance plan will come in handy. This cover provides 24x7 emergency assistance services like refuelling, towing, tyre change, lost key assistance or any mechanical help when the bike breaks down in the middle of nowhere.

Buy Bike Insurance Online

This Bhai Dooj, you can simply buy an insurance policy for a bike through an online medium. All you have to do is visit the company’s insurance policy site and enter the registered bike number to get the quote and buying option for a different plan. An insurance policy for a bike will indeed be a perfect gift for your brother on Bhai Dooj as it will provide coverage for any unforeseen events which can happen in future.

Conclusion

This Bhai Dooj gift bike insurance policy to your brother and explain to him the importance of riding safely and the necessity to regularly renew/update the coverage plan for the well-being of himself and others. Also, ensure that your brother has a valid driving license; otherwise, claims for any damages cannot be claimed.

If you plan to buy an insurance policy for a bike, HDFC ERGO should be your first choice. We provide up to 70% off on premiums. Bike repair service will be provided at your doorsteps, and also we have 7100+ cashless network garages across India. That’s not all; you can make faster motor claim hassle-free with our AI-enabled tool IDEAS.

Disclaimer: The above information is for illustrative purposes only. For more details, please refer to policy wordings and prospectus before concluding the sales.

All about Bike Insurance

OptFor These 5 Add On Covers for Motor Insurance along with Comprehensive Benefits

Myths About Buying Bike Insurance Online