The Government of India made it mandatory to have a valid third-party liability plan on any two-wheeler in India, under the Motor Vehicles Act, 1988. The reason for this was the excessive and ever-increasing number of vehicles on the roads that increase the possibility of accidents. Apart from it being a legal requirement, it is smart decision to pay a small premium to ensure you are financially protected in case you are ever in an accident.
Choosing the best two-wheeler insurance provider in Gurgaon will depend on your needs and what you are looking for. Premium rates depend on a number of factors and can vary according to the risk that the insurer has to bear. Some of the popular two-wheeler insurance providers in Gurgaon have been listed below.
*Insurance companies have been listed in no particular order.
By partnering with garages, insurance companies save time, money and energy for all three parties involved. Every insurance provider ties up with different garages. If the customer opts to have their vehicle fixed at a non-network garage, then they will have to pay for the bill and later claim a refund from the insurer. But cashless facility can greatly reduce the financial burden on a policyholder in the event of an insurance claim. With cashless settlements, the insurance provider will settle the bill directly with the garage. To locate a partner garage, insurance providers provide the following options:
Under cashless settlements, if the customer avails services at a network garage, then the insurance company will settle the bill directly. The customer is only required to pay for any portion of the bill that is not covered by the insurance plan, such as depreciation of spare parts.
Depending on the coverage you require and the premium amount you are willing to pay, you can select an ideal policy from a number of insurance plans available in the market. Different policies available are designed to cater to the varied needs of customers. Selecting the best insurance policy for your two-wheeler can be a difficult task as there are plenty of options in the market. Listed below are some of the important things to keep in mind while choosing a policy for your two-wheeler in Gurgaon:
Selling your bike involves more than just collecting the payment and handing over the vehicle. You need to visit the Regional Transport Authority (RTO) and inform them of the sale of the vehicle. You can then apply for a No Objection Certificate (NOC). You need to hand over the necessary documents to the new owner and transfer the ownership name.
When you sell bike, you can also handover the insurance policy by transferring the name to the new owner. If the new owner fulfills the eligibility criteria of the insurance plan, the company will transfer the name. To do so, you can follow the steps given below:
The content on this website is meant only for general information purpose and does not and shall not be construed as any solicitation, procurement, display, aggregation, marketing or advertisement of insurance products. BankBazaarInsurance is not an insurance intermediary and hence does not endorse or solicit any such products. The information on this website is derived from publicly available sources and BankBazaarInsurance cannot verify or confirm the genuineness, truth, veracity or authenticity of this information.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.