Bike insurance is very vital. First and foremost, it is a legal requirement for you to own a valid two wheeler insurance plan for your vehicle. You cannot ride your bike on the Indian roads unless it is properly insured. You therefore have to get a good bike insurance plan from a good insurance provider. Have you considered getting two wheeler insurance from ICICI Lombard? Take a look at this article to know why it is a good idea to choose this cover.
Features of coverage of bike insurance from ICICI Lombard
ICICI Lombard is one of the top rated general insurance providers of the country. It is a leader in the automobile insurance sector. You can therefore guess just how good their bike insurance policies are. If you are planning to buy a bike plan, do explore the ICICI Lombard plans. These plans are available in two variants:
- Third party cover: Under the third party cover, you get to have all the third party costs covered. In other words, if you get involved in an accident and injure a third party or a third party’s property, the insurance provider will compensate the party on your behalf. This is a massive benefit of these plans, as third party expenses can exhaust your savings in a short while. A third party cover form ICICI Lombard also pays you for the legal costs that may come up if a third party takes you to court. This type of a cover does not have any provisions for your own vehicle though.
- Comprehensive cover: The next type of cover available under the ICICI Lombard two wheeler insurance plans is the comprehensive cover. As the name suggests, this type of a plan offers a wholesome cover. In addition to all the third party covers, you also get coverage for your own bike. So you can make claims when your bike is damaged, broken down, stolen or destroyed in fire, etc.
You have to go through the policy wordings to understand exactly what each kind of cover provides. Then, analyse your own requirements and see which type of cover is best suited for you. Once you are clear about that, you can go ahead and make an instant purchase of two wheeler insurance from ICICI Lombard.
Advantages of choosing two wheeler insurance from ICICI Lombard
If you are wondering what benefits you get by choosing the ICICI Lombard bike plans over other similar plans, take a look at the points mentioned below:
- Impressive claim settlement ratio: Let us begin with the all-important claim settlement ratio. ICICI Lombard has one of the highest claim settlement ratios to boast of. So you can imagine how smooth your own claim process will be at the time of a requirement!
- Excellent customer support: You can reach out to ICICI Lombard at anytime via their customer support cell. The executives are polite and helpful and solve your issues quickly and effectively.
- Affordable rates: Last but not the least, two wheeler insurance from ICICI Lombard is extremely affordable. The insurance provider has some of the best rates for the bike plans. This makes it easy for you to own a comprehensive two wheeler insurance plan and that too at a very reasonable rate.
Add-ons for bike insurance from ICICI Lombard
Add-on covers, also known as riders, are available at an added cost. If you choose two wheeler insurance from ICICI Lombard, you can add a rider of your choice to your base bike insurance plan. This will make your insurance cover more flexible and you will get a higher value for the money you pay.
The bottom line
It is an excellent idea for you to choose two wheeler insurance from ICICI Lombard. These plans offer extensive cover and you get to insure your beloved bike in the best possible manner. Whether you need to buy a new two wheeler insurance plan or renew an existing one, explore the plans from ICICI Lombard. You will surely find the ideal cover for yourself. Pay the premium on time and keep your plan active at all times. Then when you need to make a claim, you will be happy with the assistance you get from your insurance provider.