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Best Two Wheeler Bike Insurance in Odisha

(Compare quotes & Buy Best Two Wheeler Bike insurance plans in Odisha)

Bike insurance is an agreement between two parties; insurance company and the customer in which the customer is the first party to the contract and the insurance company is the second party to the contract in which the insurance company agrees to pay the claim amount to the customer in case of an accident or loss or damage to the bike in return for a nominal amount from the insured customer known as premium.

Best Two Wheeler Insurance in Odisha

The premium for two wheeler insurance can be calculated online using the two wheeler or bike insurance premium calculators. Odisha contains the one of most populated states in India. Odisha state has two-wheeler bike plying on the roads is highest. Each year almost 1 million two wheelers would be added to Odisha roads most of which would roam in the state capital.

Cheap Two Wheeler Bike Insurance in Odisha

Two wheeler insurance or bike insurance is mandatory for any two wheeler bike to ply in public places as per the Motor vehicles act 1988. Third party property bike insurance is mandatory for every two wheeler to drive in public places. Without valid insurance, you can be fined up to Rs.5000 and/or 3 months imprisonment or both.

The cheap bike insurance in Odisha can be obtained online from Two Wheeler Insurance which would be the Third party legal liability insurance. Third party two wheeler insurance premium rates for the Odisha location would be decided by the Insurance Regulatory and development authority of India and the prices are constant across all the insurance companies.

Here are the cheap bike insurance premium quotes in Odisha for a Bajaj Pulsar, 2017 model, petrol, 150 cubic capacity, 2 seaters, and registered under Odisha RTO. The rates for the other cities in Odisha would be slightly lower than that of Bhubaneswar due to the other cities being classified under Zone B, while Bhubaneswar comes under Zone A.

Cheapest Companies TP Premium
HDFC ERGO 1127
IFFCO TOKIO 1102
BAJAJ ALLIANZ 1083

Note: The cheapest bike insurance premium mentioned is for only Third party bike insurance premiums also known as the Mandatory bike insurance premium.

Best Bike Insurance in Odisha

The Best bike insurance premium quotes in Odisha are rated solely based on the premium offered by the insurance company. The best bike insurance premium quotes given are purely for understanding and the final decision is to be taken by the customer based on his/her requirements.

Comprehensive two wheeler insurance covers the loss or damage due to any of the insured peril acting at the time of the accident. Third party insurance covers only the legal liability arising out of bodily injury or death of third parties due to an accident involving the insured bike. Third party liability cover section also covers the property damage of third parties involved in roads accidents.

The best bike insurance in Odisha should be decided after taking into consideration all the factors such as Insured declared value offered, the premium charged by the insurance company, and extra coverage offered at an affordable premium.

Here are the best bike insurance premium quotes in Odisha for a Bajaj Pulsar, 2017 model, petrol, 150 cubic capacity, 2 seaters, and registered under Bhubaneswar RTO. The rates for the other cities in Odisha would be slightly lower than that of vehicle insurance in Bhubaneswar due to the other cities being classified under Zone B, while Bhubaneswar comes under Zone A.

Best Companies IDV One year Comprehensive Premium
DIGIT 35,000 1071
Royal Sundaram 44,521 1307
IFFCO TOKIO 35,000 1102
Liberty General 44,653 1421
HDFC ERGO 35,000 1256
Reliance 38,400 1380
BAJAJ ALLIANZ 45,968 1535

*Premiums given are for illustration purposes only* Please refer to the website for the exact premium.

How to Choose the Best Two Wheeler Bike Insurance Policy in Odisha?

Before buying two wheeler insurance policy in Odisha consider the below factors.

  • Insured Declared Value(IDV):
  • Idv is the maximum liabilities arising of the insurance company in case of an accident or loss. Higher the IDV, higher would be the claim amount in case of total loss. Hence it is important to select the right IDV before purchasing the bike insurance policy online.

    In our portal, all the top general insurance companies would display their premiums and the highest IDV can be selected. It is important to note that the premium increases as the IDV increases.

  • Premium:
  • The main thing everyone checks before purchasing a bike insurance policy is the premium charged by the insurance company. Almost all the insurance companies charge similar premiums depending on the IDV offered and any other extra coverage offered.

  • Add-ons:
  • There are many add-ons or riders in bike insurance that are offered by the insurance companies. The best add-on suited for the Odisha location is the Bumper bumper add-on and Roadside assistance add-on, personal accident cover add-on. The bumper to bumper add-on is important to prevent from paying from pocket at the time of claim settlement as the amount for depreciation cover should be borne by the customer without the bumper to bumper add-on cover.

  • Claim Settlement Ratio:
  • The claim settlement ratio is the number of claims settled to the number of claims received by the insurance company. The higher the claim settlement ratio higher would be the chance of your claim bonus ncb getting settled.

    It is also important to note the claim settlement time which plays a major role at the time of an accident. These days it would be difficult to manage a long time without a bike as most of our work would be dependent on the two wheeler bike. Lower the claim settlement time, better the bike insurance policy.

  • Cashless Garages:
  • Cashless garages are the list of network garages that are tied up with the insurance company to provide cashless service to their customers. Every insurance company has tied up with garages to offer cashless service to their customers in case of a claim.

    It is important to check for the cashless garages in your location or your area of operation before purchasing the policy from insurance companies. The higher the number of garages, the higher would be the feasibility to get the repairs done in case of a claim.

  • Compare and Buy:
  • The first and foremost thing to consider before renewing your bike insurance is to compare the premium from different insurance companies. We at PolicyBachat assist you with a comparison of premiums from the top general insurance companies.

    The best bike insurance renewal quotes can be compared online by entering the basic details such as Make, model, date of registration, RTO location, etc. The premium would be displayed by almost all the general insurance companies with the Insured declared value offered by each company.

    Compare bike insurance online for better prices and the best coverage in terms of the sum insured and riders. The online platform offers a way to compare the premium and other options to decide on the decision to purchase bike insurance online from insurance companies.

FAQ’s- Two Wheeler Bike Insurance in Odisha

  1. What will happen if I don’t renew my bike insurance on time in Odisha?
  2. If you don’t renew your bike insurance before the expiry date, then your bike insurance policy will lapse in Odisha. If the bike insurance policy has lapsed, your bike would be vulnerable to accidents and claims.

    It is of utmost importance to renew your bike insurance policy online before the expiry to prevent it from getting lapsed. If the bike insurance is not renewed within 90 days of expiry the existing NCB will also lapse. To prevent the loss of NCB it is advisable to renew your bike insurance online at the bike insurance policy.

  3. How does PolicyBachat help me in my two wheeler insurance purchase in Odisha?
  4. PolicyBachat is the leading insurance web aggregator private limited in the Indian insurance market space. We strive to help our customers reduce the amount of money they spend on insurance purchases with maximum coverage and customer can buy renew online easily through mobile apps.

    We have a dedicated team of agents working around the day to ensure that our clients get types of motor insurance deals from insurance companies like ICICI Lombard, Bajaj Allianz, etc., and also that the after-sales service is maintained to satisfy the customers. PolicyBachat had tied up with all the major general insurance companies to offer bike insurance, health insurance, life insurance, etc. to its customers at affordable premiums.

  5. Is my insurance valid if I drive my vehicle in another state?
  6. Yes, an insurance copy of the bike owner is valid throughout India and can be carried with your bike anywhere in India. If you are driving your vehicle in a state other than from which you took the insurance, it is important to abide by the local laws to make sure the insurance claim is valid. In case of a claim, you can utilize the network garage all over India to avail the cashless claim of your bike.

  7. What is long-term two wheeler insurance in Odisha?
  8. Long-term two wheeler insurance plans in Odisha are the insurance given for more than 1 year. Most of the insurance companies offer insurance coverage for more than a year in packets of 2 years policy, 3 years policy, and 5 years policy.

    The premium for long-term bike insurance is to be paid upfront to the insurance company. In the case of long-term two wheeler insurance, the insured declared value is calculated for the insured two wheeler vehicle each year and the premium is calculated for each year. Long-term two wheeler insurance is gaining traction these days as premium can be paid once and there would be no tension of renewal for a longer period.

Visit PolicyBachat and get the best two-wheeler insurance quotes from the top insurance companies and you can also check the company’s policy wordings and please read details on risk factors terms conditions and the sales brochure carefully before concluding a sale.

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