Bharti AXA provides a comprehensive cover for your car,so you can drive hassle-free.
Ride without worries, with Bharti AXA long term two wheeler insurance plan.
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Secure your joyous family trips with Bharti AXA international travel insurance cover.
Bike insurance is necessary for any bike owner and represents a crucial component of bike ownership. Till recently however, anybody who wished to get a third-party insurance cover needed to pay a year’s worth of premium and it was not absolutely mandatory to have third-party insurance cover for two-wheeler or four-wheeler owners. According to the new third-party insurance rules instated by the Insurance Regulatory and Development Authority of India (IRDAI), not only can no motorist ply on the road without a third-party insurance policy but that they need to pay premium for multiple years, beginning from the 1st of September, 2018. Below, we will look at some of the things that have not changed and some of the new rules and what they imply.
Some of the ways in which the new rules have not made a categorical difference are:
While the new rules do not make a difference on renewal policies, the IDV and the no-claims bonus, there are some other significant changes that they will bring about such as:
For vehicles not exceeding 1000cc: For all motor-vehicles with engine capacities of less than 1000cc, the premium rates will continue to be the same. However, with the new rules, the new rate of INR 5286 will be a slightly lesser amount than INR 5550, that was the cumulative amount in the old scheme.
For vehicles exceeding 1000cc and not exceeding 1500cc: The new long-term payment applicable on these vehicles will be INR 9534, a stark contrast to the earlier cumulative amount of INR 8589.
For vehicles exceeding 1500cc: For all vehicles exceeding 1500cc, especially bikes such as the Hero Honda Gold, new premium amounts will be INR 24305 in contrast to older cumulative premiums amounting to INR 23670.
Be sure to pay your long-term premiums and get the best two-wheeler insurance today. The more you wait, then more premium you might have to pay.
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Disclaimer :The information published on this website is for the public's reference only. Content of this information is to provide an overview of your Insurance needs and should not be relied upon for personal, medical, legal or financial decisions and you should consult an appropriate professional for specific advice for Travel/Health/Motor. Bharti AXA General Insurance Company Limited makes no representations about the suitability, reliability, timeliness, and accuracy of the information, travel, services, or any other items mentioned on this subject for any purpose whatsoever.
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