Two Wheelers Insurance India

The two wheeler industry in India has induced the rise of many other industries in various sectors. In India a number of financial institutions are offering various types of loan that are helping potential customers to own a two wheeler. Various auto insurance companies have also come into the foray that is offering insurance policies for different types of two wheelers. Whether you are seeking a brand new scooter, moped or motorbike you can avail two wheeler insurance from the insurance companies. Some of the leading two wheeler insurance companies in India are ICICI Lombard, The New India Assurance, Bajaj Allianz, United India Insurance, HSBC India and many more.

In the context of increasing number of road accidents and incidents of theft and damages to the two wheelers, two wheeler insurance has become obligatory. Accidents and other incidents leading to financial loss of the owner of the two wheelers have ensured that the auto insurance has been taken seriously by the owners of the vehicles. In order to get more number of customers under their belt the various insurance companies are even offering discounted auto insurance.

In order to facilitate faster processing of the insurance policies the various insurance firms are tying up with the several two wheeler manufacturers. The various policies offered by the insurance companies ensure that the owner of the vehicle is insured against any loss incurred due to accident, theft, legal liability (accident with third party), fire and many more.

The are a number of documents required for two wheeler insurance claim like photocopy of the driving license of the of the owner, photocopy of registration certificate of the vehicle, police report, duly signed claim form, original copy of the repair invoice. In case of any loss incurred due to accident, theft or claim from the third party an inspector is assigned by the insurance company who makes a report on the value of loss. It is upon the report of the inspector that the insurance companies pay the amount to the insured person. Usually it takes about two to three weeks to get the insurance claim processed and the customer getting his claim money.