At the end of it all, it is your dear bike and the least you can do for it is make an informed decision to protect it from all risks. HOW IS MY PREMIUM DECIDED Before you head out on a bike trip, you have to factor in the climate, road conditions and more. However, some companies may take a few hours to send the policy document to the policyholder. Thanking you very much for your support for getting our policy quickly, I would appreciate your work. Let's check out the most important ones. Network connectivity- Not your phone one but the service center network. Can be done online within 7 minutes! Third-party two wheeler insurance policy covers only the damages or loss caused by the insured bike to the third-party either bodily injuries or property. This is because it not only helps you understand how different factors can affect your bike insurance premium but, how the right combination of factors can help you choose a plan that will protect your bike optimally. Here are some tips and tricks to help reduce your bike insurance premium. IRDAI changes the price every year. Before you choose a bike insurance policy for your newly-purchased bike, you must check the premium charged by different insurance companies using a bike insurance premium calculator. This is where bike insurance calculator can come handy as it will allow you to compare the coverage and premium charged by different motor insurance companies in India. Prabhat Yadav. Two Wheeler Insurance Premium Calculator A two-wheeler or bike insurance calculator helps you to calculate the insurance amount and the premium so that you can compare multiple service providers and choose the one best for you. You can get your bike insurance premium amount by simply entering your two-wheelers make and model, date of registration, city of registration, type of bike insurance policy i.e. Get information in seconds. If you are wondering why, here are some of the reasons that makes it important to use a bike insurance calculator before buying insurance: Bike insurance calculator can come handy for both old and new bikes. Sign up for it. Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana - 122001, IRDAI Web aggregator Registration No. Whether you are buying bike insurance for the first time for a new bike or getting the insurance for your old bike renewed, you can use a bike insurance premium calculator. All Rights Reserved.. *All savings provided by insurers as per IRDAI approved insurance plan. UIN: IRDAN108RP0008V01200001 So should you quickly pick the cheapest bike insurance out there or take some time and pick something suitable for your bike? Ur This is a chat only number. We’ll need your email address to let you know when we arrive. Renew your bike insurance policy before its expiry date. The following table shows the revised premium for FY 17-18 In case the insurance company requires any documents, you will need to submit them as soft copies. Third party bike insurance refers to the kind of two wheeler insurance that provides coverage for third party accidental liabilities only. Therefore, a third party bike insurance calculator allows a bike owner to check the premium charged by different insurance companies for third party bike insurance. Cashless option for your two wheeler repairs. It is mandatory by law in India to have at least third party insurance for your two-wheeler. 2,000 and/or imprisonment of up to 3 months. Got good deal without agent calling or speaking to anyone!! The later would be a better bet and here’s why and how using a bike insurance premium calculator will help you do so: The job of a two-wheeler insurance premium calculator is not to help you make the cheapest but, help you make the most cost-effective decision. Two Wheeler Insurance Premium Calculator. Overall I had a good experience with Policybazaar. Urvashi Solanki. Pr The newer your bike is, the higher risks it has to face. Insurance Regulatory Development Authority of India (IRDA) fixes the premium amount to be paid for the third party insurance plans which are stated as follows. Insurance providers charge a higher premium for comprehensive two wheeler insurance policies since the latter offers enhanced coverage. Third-party premium: The premium for the third-party liability cover is decided by the Insurance Regulatory and Development Authority of India (IRDAI). Thus, bike owners can check and compare the prices of two wheeler insurance using a bike insurance premium calculator. Here are the components crucial for a third party bike insurance premium calculator: A third-party liability cover offers coverage for losses and damages related to third-party only. As the bike ages, the premium for bike insurance reduces. Add-Ons and Covers are an awesome way to add an extra layer of protection to your bike, but it also increases your bike insurance premium. Here are some of the tips that will help you reduce your bike insurance premium for your two wheeler: Q: What is voluntary excess or deductible in bike insurance? You can choose between a Third-Party Bike Policy or a Standard/Comprehensive Bike Policy. This is because the bikes with higher CC can run faster and resultantly, they have a higher risk. And that’s what makes a comprehensive bike policy special. The following table showcases the premium rates for third party bike insurance as per the CC or cubic capacity of the motorcycle’s engine: Disclaimer: The third party insurance rate mentioned in the above table may vary as per the age, make & model and city of registration of the two wheeler. Go Digit General Insurance Limited (formerly known as Oben General Insurance Ltd.), Address: Atlantis, 95, 4th B Cross Road, Koramangala Industrial Layout, 5th Block, Bengaluru 560095, {{bikeCtrl.bikeLocalStorageValues.campaignAgentName}}, {{bikeCtrl.bikeLocalStorageValues.campaignAgentLocation}}, {{bikeCtrl.bikeLocalStorageValues.campaignAgentSpName}}, {{bikeCtrl.bikeLocalStorageValues.campaignAgentSpCode}}. The Third-Party Bike Insurance is the minimum kind of bike insurance you’ll need as per the Motor Vehicles Act. https://www.bankbazaar.com/insurance/car-insurance-calculator.html No. third-party or comprehensive, and the online bike insurance calculator will generate a quote for you. To get an estimate of the premium to be paid, one can use tools like a two wheeler insurance premium calculator. Tell us about your last Bike Insurance Policy- Date of Expiry, Claim History, NCB, etc. Therefore, the age of your bike too helps in calculating your comprehensive bike insurance premium. A two-wheeler insurance calculator provides the premium quote for a two-wheeler insurance plan instantly and thus helps you save time. LIFE IS EASY WITH YOU..!! *The information provided on this website/page is only for information sake. Your NCB (No Claim Bonus) is for your good driving record. We have some cool stuff going on our channels, join us. Third Party Bike Insurance Premium Calculator A bike insurance premium calculator is an online tool which helps you determine the right insurance premium for your two-wheeler. Two-wheeler third party insurance premium calculator As mentioned earlier, the premiums of third party bike insurance plans are determined and fixed by the IRDAI. So, even if you change your two wheeler insurance company, it stays with you. A bike insurance calculator is an online tool that provides you an estimation for the two-wheeler insurance premium. A comprehensive bike insurance premium calculator is used to estimate the premium amount for a comprehensive bike insurance plan. A lot of research, time and money goes behind buying a new bike. IRDAI is the governing body of the insurance segment which not only fixes the third party premiums for bikes but for cars too. Two Wheeler Insurance Premium Calculator is a tool to calculate the premium value and and IDV for your bike. The best case to use it is only when you are at a good 50% No Claim Bonus level (i.e. Smartphone-enabled Claim process. … We believe in going green so we don’t send a hard-copy but if you want it you can just let us know, we’ll send it to you. Customizations are awesome. However, it is advisable to not opt for a high voluntary deductible to reduce the premium cost as you will have to pay that amount in case you make a claim. A third-party two-wheeler insurance premium is not different from a regular bike insurance premium calculator tool. 158. So Important aspects to be considered before purchasing any policy are: We are as document averse as you are. Thank you for facilitating and following up on the policy. Zip, zap, zoom! A Third-Party Bike Insurance only covers for third-party related damages and losses. You are doing a great job. Reimbursement or Cashless through our network of garages. Bike owners opt for a voluntary excess or deductible in order to bring their bike insurance premium down. Terms & Conditions. The third-party premium rates depend on the engine capacity of your vehicle. Our WhatsApp number cannot be used for calls. This tool helps you compare the premium rates and the coverage offered by different insurers and thus help you choose the plan which best suits your requirement. This online tool helps calculate the premium amount that the policyholder has to pay, if he has opted for a third-party bike insurance. Cashless option for your two wheeler repairs After you buy or renew our two wheeler insurance plan, you live tension free as we have a 3-step, completely digital claims process! In addition to that, a third-party bike insurance policy also provides a personal accident death cover of amount up to Rs.15 lakh for the policyholder. While the rates of a two-wheeler Third-Party policy is fixed by the Insurance Regulatory and Development Authority of India (IRDAI), the Comprehensive insurance policy’s premium varies. With us, you can customize your IDV as per your choice! You will now see your final premium calculated on the right side of the page. People use it to bring down their two wheeler insurance premium. Claim settlement history of the company. Types of Insurance Policy: The premium charged for a third-party liability insurance policy is comparatively lesser than the premium charged for a comprehensive two wheeler insurance policy. 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