The Indian government is pushing towards a pollution and fuel free India by the end of 2030 and electric bikes and scooters have a huge scope in the market today. India is amongst the top 5 countries who consume the maximum fuel energy. The import of crude oil and the extracts from it are consumed highly by us and this poses a serious threat to the environment. Hence the promotion of electric bikes has become all the more important today.
One of the most trusted and popular brand of electric two-wheeler in the country is YObykes. It is the first electric vehicle brand that entered Indian market and has performed well since its launch. A company by name Electrotherm in 2006 launched the first electric two-wheeler under the brand YObykes. It is one of the popular choices of transport for old age people and young students. It offers two variants:
It is a 250W motor and VRLA deep rechargeable battery and it offers a limited speed capacity. If it’s on full charge, then the speed can go up to a maximum of 70 kms. These vehicles do not need any registration. The design of the vehicle is attractive and appealing to any generation and it comes with a number of features like digital odometer, telescopic suspension, storage space, side indicators and so on.
Since it is an electric bike with limited speed, the two wheeler insurance for YObykes are not really that expensive. Be it an electric bike or a normal fuel bike, two wheeler insurance is the need of every vehicle owner. Despite taking safety and security measures, it is easily possible that one may face accident or end-up causing pain to another person or the bike me be stolen or totally damaged. In all these incidents, the advantage a two wheeler insurance can provide is like no other. It protects the bike against a number of situations like, third-party liability, accidents, theft, natural calamities, man-made calamities, etc. When the bike is damaged, if you have a two wheeler insurance, you just need not worry because the repairs for the bikes are also covered in the insurance. So for any kind of damage, you need not pay from your own pocket as the insurance will take care of it.
There are two-types of insurances you can buy from:
Third-party liability policy is the minimum cover every bike owner must have according to the law. It is easily affordable as the IRDAI regulates the rate every year. It provides cover for the bodily injuries and property damages occurred to the third-party by the insured vehicle. This cover does not provide any support to the insured vehicle.
A comprehensive policy on the other hand provides a 360 degree protection to the bike and the owner from third-party liability, accidents, theft, natural calamities like fire, storm, volcano eruption, floods, etc. man-made calamities like protests, riots, terrorist attacks, theft, burglary, etc. Few insurers also provide personal accident cover as a part of the comprehensive policy. If it’s not available as a package, then one can always purchase this cover as an add-on benefit for additional premium.
A two-wheeler insurance is a super hero you need at the time of crisis concerned with the vehicle. Not owning a two wheeler insurance will also lead to penalties and imprisonment for 3 months. So a two wheeler insurance is just not to avoid penalties and never buy one for the sole reason. It is for the protection of the bike and you in unfortunate times.
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