Car & Bike Insurance :
Points Before purchase Car insurance policy :
Step 1: Understand Legal Requirement
Third-party insurance is mandatory in India. Without it, driving is illegal.
Step 2: Choose the Right Coverage
Prefer Comprehensive insurance over third-party only, as it covers own-damage, theft, and natural calamities.
Step 3: Check Insured Declared Value (IDV)
Select the correct IDV. Too low reduces claim amount; too high increases premium.
Step 4: Compare Premiums and Coverage
Do not choose based on price alone. Compare inclusions, exclusions, and claim benefits.
Step 5: Review Add-On Covers
Important add-ons in 2025: Zero depreciation, engine protection, roadside assistance, and return-to-invoice.
Step 6: Check Claim Settlement Ratio
Choose insurers with a strong claim settlement and cashless garage network.
Step 7: Inspect Deductibles and NCB
Higher deductibles lower premium; protect your No Claim Bonus (NCB).
Step 8: Disclose Vehicle Details Honestly
Incorrect information can lead to claim rejection.
Points BeforePurchasing Bike Insurance policy :
Step 1: Understand Legal Requirement
At least third-party insurance is mandatory in India to ride legally.
Step 2: Choose the Right Policy Type
Select Third-Party Only for basic compliance or Comprehensive Insurance for full protection (bike + third-party).
Step 3: Check Insured Declared Value (IDV)
Ensure correct IDV; too low reduces claim amount, too high increases premium.
Step 4: Compare Premium vs Coverage
Do not choose the cheapest plan blindly—check coverage, exclusions, and benefits.
Step 5: Select Important Add-Ons
Useful add-ons include Zero Depreciation, Engine Protect, Roadside Assistance, and Return to Invoice.
Step 6: Review Claim Settlement Ratio
Prefer insurers with a high claim settlement ratio for smooth claim processing.
Step 7: Check Network Garages
Ensure availability of cashless garages near your location.
Step 8: Verify No Claim Bonus (NCB)
Protect and transfer NCB while renewing or switching insurers.
Step 9: Read Exclusions Carefully
Understand what is not covered to avoid claim rejection.
Step 10: Renew on Time
Timely renewal avoids policy lapse and higher inspection requirements