July 18, 2024

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Don’t Think Your Bike Needs Insurance? Be Ready To Cough Up Lots Of Cash

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The lack of efficient public transportation combined with rising traffic has made two-wheelers one of the ideal and most practical modes of transportation. It is important to remember that this mode of transportation also has drawbacks. Even more, than four-wheelers, two-wheelers raise safety concerns. The country needs better awareness about helmet use, and most motorcyclists feel uncomfortable donning one. If you look at the statistics for motorcycle accidents, you will see that this is extremely bad. On Indian roadways, some 28 two-wheeler drivers perish daily due to not wearing helmets.

For the first time, state police and transportation agencies have recorded statistics on fatalities brought on by the failure to wear a helmet. Given that young people represent the age group where most two-wheeler use occurs, it is regrettable that many are dying in traffic incidents. The police have also come up with a mechanism for how to check bike fines online.

This alone should be sufficient to make wearing a helmet a requirement, but the unpleasant truth is that most Indian states do not. The residents of some states have resisted efforts to impose this law for various reasons. There is no question that helmets are necessary. They only become aware of their negligence when they are either stopped by the police and requested to provide a copy of their online bike insurance policy or involved in an accident. Even in the latter case, they are willing to cover the repair costs as they arise because the prevalent attitude is “I will not meet with an accident,” if it does, fate is relied upon as a failsafe.

Long-term online bike insurance products are now available for those who neglect to renew their bike insurance. Several insurers have introduced long-term insurance policies for two-wheelers, allowing coverage for up to three years at once, eliminating the need for yearly renewals. 

Most people buy two-wheelers for their convenience, low cost, and ease of use, but some are drawn to them for the pure thrill, rush, and need for speed they provide. Whatever your motivation, always wear a helmet. ##

The financial security an insurance policy affords you comes at a minimal cost compared to the troubles your uninsured motorcycle may unleash upon you. You may be a competent rider, but accidents are not always your fault. Stay safe, and get covered.

A bike insurance calculator is a convenient tool you may utilise online to check the amount of coverage required based on your needs.

## All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.