Top Features of Bike Insurance Policy

With the arrival of new players, the two-wheeler insurance industry has changed drastically. Two-wheeler insurers have developed a variety of features to entice customers and keep them coming back year after year. Purchasing bike insurance over the internet is now a convenient and hassle-free operation. Let's look at some of the most important aspects of two-wheeler insurance plans:
Comprehensive and Liability Only Coverage: The rider can choose between a comprehensive and a liability-only scheme. The liability-only policy is mandated by Indian Motor Vehicle Law, and every rider must have it. In addition to third-party bike insurance, a comprehensive two-wheeler insurance policy protects against losses to the insured vehicle and includes personal injury coverage for co-riders (usually as an add-on cover).
Easy Transfer of No Claim Bonus (NCB): If you buy a new two-wheeler, you can seamlessly transfer the NCB discount. The NCB is granted to the passenger, driver, or owner of the vehicle, not the vehicle itself. The NCB honors a person's healthy driving habits and the fact that they did not file any claim in the previous year(s).
Compulsory Personal Accident Cover of Rs. 15 Lakh: Bike owners can now get a personal accident cover of Rs. 15 lakh as part of their two-wheeler insurance policy. It used to be Rs. 1 lakh, but the Insurance Regulatory and Development Authority (IRDA) recently raised the cover to Rs. 15 lakh and made it mandatory.