Now the question arises as to which type of insurance one should buy. If you buy a full comprehensive two wheeler insurance, you are a genius. Depending on the facilities and incentive offered to you, you can buy insurance from private sector or government sector companies because all insurance companies are today regulated by same Government rules and regulations.

1. Understanding Two Wheeler Insurance Policy
With any type of motor vehicle,life is too risky. Traffic hazards, pollution, congestions, bad roads and
what not! Over thatif one talks of two wheeler, the less said the better. Being cheap andless fuel-
consuming, itseasy affordability is a good lure to buy. In the hands of youngsters,it comes handy for
zig-zag and rash driving. Amidst traffic redlights,its serpentine driving and noise-pollution are nerves
breaking. It is not to discourage the people not to go in for a two wheeler. After all there may be only a
few who my feel advised to always use helmets andfollow other traffic rules to make the two wheeler
rather boon, being monetarily and fuel-wise very cost-effective and easy to drive rough surfaces and
congested roads.
Now the question arises as to which type of insurance one should buy. If you buy a full comprehensive
two wheeler insurance, you are a genius. Depending on the facilities and incentive offered to you, you
can buy insurance from private sector or government sector companies because all insurance
companies are today regulated by same Government rules and regulations. Thus financial security is
equally assured with the private companies. In government sector you depend to settle claims through
Third PartyAdministrator (TPA). He plays asintermediary and thereby there are chances of typical
delaysin services. In private company, you deal directlywith the company and hence you are likely to
get efficient and satisfactory services to settle your claims.
ONLINE INSURANCE COVER
Buying online insurance cover is always a good. Beingin the luxuries of your house, you call for online
quotes from some reputed insurance companies. You findinnumerable attractive options andincentive
as variantsin quotes of different companies. You may find the quotes free, cashless facilities, No Claim
Bonus (NCB)between 50-60%, 24&7 roadside personal assistance etc. Thus, study the online quotes
from the various companies with an angle of your specifications and choose the option best suitable to
you.
INSURANCE RENEWAL – A CRUICIAL FACTOR
Never make the mistake of delaying renewal of the insurance policy. The only mistake of non-renewal in
time will just deprive you all the benefits of the policy. Just to count a few major losses due to non-
renewal of policy:
a) You lose third-party insurance cover on accidental death of the third party, which can run to
lakhs oreven tens of lakhs of rupees. Whereas third-party unlimited cover isfull liability of
the insurer, but due to non-renewal of the policy in time it becomes your liability.
b) Your lose compensation for self and third-party in case of accidental injuries and thus face a
heavy financial burden to defray expenses on self and offering compensation to the third-
party, the most of which would have been the liability of the insurer had you paid the
premiumin time.
c) Likewise you will have to bear all expenses towards your two wheeler’s damages, theft,loss
etc. if the policy is not renewed in time.

2. BIKE INSURANCE COMPANIES
A couple of reputed insurance companies specifying somewhere the facility they grant are quoted
below:
(1) Reliance General
(2) ICICI Bike Insurance
For More Information: http://www.bharti-axagi.co.in/two-wheeler-insurance/claims