Purchasing insurance for your bike or two-wheeler is highly essential and hence it is important to know which are the best companies that provide insurance that caters rightly to your security and protection needs. Let’s take a look and compare the ten top insurance companies in India taking various factors into consideration;
There are many bike insurance companies available in the Indian insurance industry. In this way, there are many parameters by which a two-wheeler insurance company can become the most suitable for you. We at Quickinsure are going to mention some of the parameters that you must consider at the time of purchasing a bike insurance policy
Here are some important factors to consider while choosing a bike insurance policy :
Coverage: Look for a policy that offers comprehensive coverage including third-party liability, own damage cover, and personal accident cover.
Premium: Compare premiums from different insurers to find a policy that offers the best value for money.
No-Claim Bonus (NCB): Check if the policy offers NCB for claim-free years, as this can significantly reduce your premium.
Add-on covers: Consider add-on covers such as zero depreciation cover, engine protection, etc. to enhance your coverage.
Claim settlement ratio: Check the insurer's claim settlement ratio to ensure that they have a good track record of settling claims.
Policy terms and conditions: Read the policy terms and conditions carefully to understand the inclusions, exclusions, and other details of the policy.
Different insurance companies offer different benefits to policyholders, be it its wide coverage, variety of plans, quick customer service, or reliable settlement process; you should compare and opt for the insurance company that best suits your needs.
