What is Bike Insurance?
A bike insurance policy is an agreement between a bike owner and an insurance provider. In return for a premium, insurers provide financial coverage against unforeseen incidents such as accidents, theft, fire, natural calamities, and third-party liabilities. Additionally, having a valid bike insurance policy helps avoid hefty traffic fines.
The three primary types of bike insurance policies include third-party, own damage, and comprehensive insurance. A Personal Accident Cover of up to INR 15 Lakh is also available for owners and drivers.