Comparing Two Wheeler Insurance Plans with Beeinsured

Two Wheeler Insurance is one of the most important financial decision which every owner makes as it provides protections against any unfortunate loss (Due to an accident, Theft, etc.). A Third Party Liability Cover is a mandatory product and needs to be renewed every year. With so many insurance companies to choose from, the task of selecting the right product can be difficult. At Beeinsured, we make an endeavor to simply the cognitive process of buying the best insurance products that will fit your needs.  
Service for Lifetime
Your Personal Concierge who will always stay with you throughout your life span.
Informed Decision
Our robust analytics, market intelligence & sound judgement helps you to make an informed decision. 
Claim Services
Our Guidance & Support right from filling your claims till the claim amount is settled.
My Policy Corner
A Virtual Insurance Policy Assistance which helps you to manage your own policy.

What is a Two Wheeler Motor Insurance Policy?

When you buy a Vehicle there is some sort of Financial Risk involved (Eg, Accident, Theft, etc.). In the event of an accident, if there is any physical damage to the vehicle or person or in case the two-wheeler is stolen these losses are faced by the insured. Such losses are covered under a Motor Insurance policy. Under the provisions of the Motor Vehicle Act, all vehicles which are operating in public places should have a third party liability cover. However, we would recommend you to opt for a Comprehensive Cover which will include accidental damage to the vehicle, loss due to Natural/ Un-Natural Calamities, Theft and Third Party Liability in case there has been any unexpected event.

What are the Different Types of Two Wheeler Motor Insurance Policy?

Third Party Two Wheeler Policy
As stated in the Motor vehicle act of 1938, a third party car insurance is a mandatory cover for any vehicle operating in the public places. It covers the insured against losses incurred towards Thrid Party Property or Individual due to an accident.
Comprehensive Two Wheeler Policy
A Comprehensive Two Wheeler Insurance Policy covers all types of liabilities like Damage to the vehicle, Personal accident damage to the owner and passengers, theft, etc. 

Smart Buying Tips for a Two Wheeler Motor Insurance

Keep Documents Handy
Keep Copies of all the essential documents like - Driving License, Previous Insurance Copy, RC Book, etc. handy.  
Renew on Time
Renewing on time helps to protect your vehicle and keep your NCB intact. Set reminders for your car insurance and avoid any delay in paying the premium.
Avoid any 'False Declaration'
Always provide appropriate information about your vehicle and the past history. In case, if you have hidden any information, the company might decline your claim & cancel the policy. 

Premium for Two Wheeler Motor Insurance is Determined by

IDV
Vehicles Sum Insured (Current Market Value Less the Depreciation). 
City of Registration
The city where your vehicle is registered. 
Make & Model
Vehicles Make, Model & Potential Risk Factors associated with it.
No Claim Bonus
A discount offered to the customer in the event of no claim.  
Claim History
History of the Claimed Amount for a particular year.