Is Personal Accident Cover Mandatory For Two Wheeler Insurance?

This is a compulsory coverage of INR 1 lakh provided by all two-wheeler insurance companies for the owner or driver in case of accidental deaths or permanent total disability due to an accident. The cover under the personal accident policy in two-wheeler insurance is provided to the Owner-driver at the same time driving the vehicle including mounting or dismounting from the vehicle or traveling in the insured vehicle as co-driver. You have a valid personal accident insurance policy of at least Rs.15 Lacs Sum insured.

What is Personal Accident Cover in Bike Insurance?

Personal accident insurance in bikes is the least opted insurance in our country. This is due to the lack of awareness regarding the benefits offered by this product. This is also the cheapest insurance product available in the market with an exclusive range of coverage. Under personal accident insurance financial coverage is provided if the policyholder meets with death or disability.

What to do in case of an accident of my bike?

This is one of the most important things to know before taking an insurance policy and driving the bike. If you have met with an accident while driving the bike it is important to understand how to proceed further. Here is the process to be followed if you are met with an accident:

For accidents involving third party vehicles, register FIR with the police if there is any causality in the accident.
Next inform the insurance company about the accident and provide a brief description of the accident and confirm if any third party bodily injury or property damage is there.
Take the bike to the nearest garage for repair or request for towing assistance from the insurance company.
Do not try to repair the bike yourself as it may further escalate the damage caused to the bike.
In the next stage the insurance company will appoint a surveyor to get an estimate of the repair expenses and the claim would be settled.

Is Bike Insurance Good?

Yes, Bike insurance is one of the most important financial planning tools available in the market. Having bike insurance is made mandatory by law. If you are at fault in a bike accident, the motor liability coverage required on your bike insurance policy helps pay for covered losses, such as the other party’s medical bills and damage to their vehicle or property that results from the accident.

How to Download Insurance Copy of Bike?

To download an insurance copy online of the bike first go to the Policybachat website and fill in the required details. If need help? Call 1800-123-4003.

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