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What are the key benefits of two-wheeler insurance?
Two Wheeler Insurance also helps you protect your vehicle in case it is ruined due to a natural disaster. Furthermore, Two Wheeler Insurances also help you stay protected under damage due to other circumstances that are out of your control like damages due to traffic, fire, theft, robbing, riots, terrorism, etc.
What type of insurance is best for bike?
A comprehensive two-wheeler insurance policy is the best type of plan available for bikers. It provides comprehensive protection against damages to your vehicle as well as damages to the vehicle or property of a third party. It also protects the policyholder against the theft or loss of his/her two-wheeler.
How do I claim my bike insurance?
Following documents are required to claim Bike Insurance:
- Insurance claim form.
- RC copy of the bike.
- Tax payment receipt copy of the bike.
- Driving license.
- Insurance policy documents.
- FIR copy in case of third-party bike damage, injury to third party or death.
- Repair bills and receipts.
What is the GST rate for two wheeler insurance?
18\%
However, the premium to be paid for a comprehensive insurance policy is higher than a basic third-party liability cover. GST on two wheeler insurance premium has been set at a flat 18\%, 3\% more than the previous rate of 15\%.
Who owns Bharti AXA?
Bharti Enterprises
Bharti AXA General Insurance Company Limited/Parent organizations
Bharti AXA was a joint venture between Bharti Enterprises (51\%) and French insurer AXA (49\%).
Which insurance is compulsory for 2 wheeler?
For those who are not familiar with the law governing bike insurance—purchasing at least a Third-party Liability Two-wheeler Insurance Policy is compulsory in India. This rule is in accordance with The Motor Vehicles Act. If you fail to comply with this law, you will have to face monetary penalties.
Why should you buy two-wheeler insurance from betterbharti AXA?
Bharti AXA offers two-wheeler insurance solutions to meet the legal requirements, ensuring that both, the vehicle and the rider are protected against any accident/incident. *Note: Coverage varies based on the type of policy purchased.
How much is the discount for long term two wheeler insurance?
However, if you opt for a long term two-wheeler insurance cover, you get a discount of 10\% for a 2-year policy and 20\% for a 3-year policy. You can customize the Two wheeler Insurance Policy from Bharti AXA as per your bike’s requirement. It is important to understand the coverage before actually opting for a two wheeler insurance policy.
What is covered under Bharti AXA bike insurance?
Personal accident cover – Bharti AXA bike insurance provides a financial compensation if the rider/owner of the vehicle meets with an accident which results in injury/death. Third-party protection – The plan covers any damage caused to the property/life of a third-party due to an accident involving the insured vehicle.
Is it legal to ride a two-wheeler without insurance?
Riding a two wheeler without a valid insurance policy is not permitted, with this liable to attract penal action. Bharti AXA offers two-wheeler insurance solutions to meet the legal requirements, ensuring that both, the vehicle and the rider are protected against any accident/incident.