Overview of Two Wheeler Insurance Policies

The largest and oldest general insurance company in India, the National Insurance Company, provides personalized and comprehensive insurance plans to its customers. It is the only public sector general insurance company to optimize both corporate and rural insurance products. The company is committed to delivering products that cater to the needs of the general public in the important area of general insurance. The company offers various insurance plans, such as motor insurance plans, two-wheeler insurance plans, health insurance plans, rural insurance plans, industrial insurance plans, commercial risk insurance plans, personal accident plans, home insurance plans, and other types of insurance. These plans are designed to be customer-friendly, tailored to individual needs, and completely transparent.

In this article, we will be discussing the two-wheeler insurance plans offered by National Insurance.

Why is it necessary to have two-wheeler insurance?

Two-wheeler vehicles are valuable assets in our lives. However, driving them comes with inherent risks, and we must always be vigilant and cautious. Unfortunately, accidents can occur due to failure to follow traffic rules or unforeseen circumstances. This is where auto insurance policies come into play, providing coverage for unexpected expenses and protecting the policyholder. Moreover, natural disasters can strike at any moment, and safeguarding against such events is crucial. Thus, obtaining a comprehensive two-wheeler insurance policy is of utmost importance because:

Safeguarding a two-wheeler vehicle is crucial.
Two-wheeler insurance plans cover medical expenses in case of an accident.
Insurance companies take care of accident-related litigation if the policy is in place.
The insurance plan protects hard-earned assets lost due to litigation.
Comprehensive insurance plans also cover theft and vandalism.
Insurance plans are customized to meet specific requirements.

Ultimately, when the policyholder drives away with their two-wheeler, they can rest easy knowing they are covered by their insurance plan in case of unforeseen circumstances.

It is imperative for every two-wheeler owner to have an insurance plan that provides coverage for third-party injury, death, or property damage. National Insurance offers a comprehensive two-wheeler insurance plan that protects against any unexpected incidents. Choosing the right two-wheeler insurance plan is crucial to ensure the safety of both the rider and the vehicle.

What are the benefits of taking a National Insurance Two-Wheeler Insurance Policy?

National Insurance offers two-wheeler insurance plans with unique features and benefits, including:

Low-cost insurance plans with customizable coverage options.
Fast and hassle-free cashless claim services.
Availability of a no-claim bonus.
Swift and efficient claim settlement processes.
Online access to check claim status.
The ability to transfer the existing No Claim Bonus from another insurance company.
In this overview, we will explore the National Insurance Two-Wheeler Insurance Plan in more detail.

National Insurance Two-Wheeler Policy Coverage Overview

The National Insurance Two-Wheeler Insurance Plan offers two types of coverage options, which are:

Liability Only Cover: This plan provides protection against any legal liability arising from an accident, including the following risks:
Third party injury or death
Property damage (up to Rs 7.5 lakh for third party property damage)
Package Cover: This comprehensive motor plan covers the risks of third parties as well as losses caused by the vehicle, co-passenger or self. The coverage includes the following:
Loss of own vehicle due to accidents
Burglary, housebreaking, or theft
Fire, explosion, self-ignition or lightning
Malicious Acts
Terrorist Acts
Riot and strike
Earthquake and fire
Incidents involving external means
Natural disasters such as flood, typhoon, hurricane, cyclone, hail, storm, and inundation
Landslide or rockslide

The coverage is subject to depreciation deduction at the rates mentioned below for different parts:

Rubber/nylon/plastic parts, tires, tubes, and batteries - 50%
Fiber glass components - 30%
Glass parts - zero
All other parts including wooden parts - as per the schedule provided.
Other benefits of the National Insurance Two-Wheeler Insurance Plan include fast and hassle-free cashless claim service, no claim bonus, easy transfer of existing no claim bonus from any other insurance company, and online claim status check.

Insurance Policy