![]() ![]() Liability coverages: It depends upon the rider’s choice to select from types of coverages available, either comprehensive or liability only two wheeler insurance plan, which is also known as third party plan or policy.It is a bonus that encourages safe driving skills and not asking for two wheeler insurance claims against the policies. It is a bonus reward for the owner/ policyholder not for the vehicle itself. Easy transfer of the No Claim Bonus: The no claim bonus discounts are easily transferred if you buy a new two wheeler vehicle.The registration process is simple and easy to understand while ensuring complete confidentiality and data security. The insurers have created online two wheeler policies for purchase and renewal at their websites. Quick registration for online purchase: Online system has made everything very easy.The owners with good driving records can also receive discounts in terms of NCB. Discounts and Concessions: The discounts are approved by the IRDA, for the insured who have vehicles with the anti-theft devices and those who have memberships to the recognised automotive associations.You have to pay extra for these, and the options are of pillion rider cover, zero depreciation etc. Optional coverage: The add ons offered by the two wheeler insurance firms are the optional coverages.IRDA has made it mandatory from Rs.1 lakh to Rs. It is an inbuilt feature of the two-wheeler insurance policy, not an add on. ![]()
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