General Insurance

Both third-party obligations and damages incurred by your car as a result of internal damage are covered by comprehensive auto insurance.

 It offers total defense against unanticipated occurrences that result in financial hardship, such as theft, mishaps, fires, natural catastrophes, etc. Therefore, to protect your investment and enjoy a tranquil journey, it is advisable to insure your automobile with comprehensive insurance.

Liabilities to third parties that may result from an accident involving an insured vehicle are covered by third party auto insurance. The coverage is offered for the monetary and legal costs incurred in the event of a third party’s property or vehicle being damaged, as well as in the event that an individual is killed or seriously injured. Nevertheless, own-damage costs are not covered by third party insurance. Third-party auto insurance is required by the Motor Vehicles Act of 1988, and driving without it can result in significant fines from the RTO. You can get a stand-alone own damage coverage for your automobile or opt for our comprehensive car insurance policy, which offers comprehensive coverage for both own damages and third-party liabilities.

Personal Accident Insurance: What is it?

An individual is protected against accidental death, injury, or disability by a personal accident insurance policy. Personal accident insurance proves useful given the plethora of potential hazards linked with riding, whether from unfavorable circumstances or the mistakes of others. A personal accident policy kicks in to offer compensation for the insured person and their family members in the event of unplanned traffic accidents. This coverage offers complete protection for both work and play, which is especially advantageous for people whose jobs need them to travel frequentl

You should be aware of the requirement for third-party bike insurance if you own a new bike. Nonetheless, another crucial element for independent riders is the required personal accident (PA) policy. Personal accident coverage was previously included in bike insurance policies. However, as of January 2019, bike owners who already have personal injury insurance or who own another vehicle with personal accident insurance may choose to forego this coverage thanks to a new clause.

You can acquire coverage for your vehicle’s own damage if you get standalone own damage auto insurance. In the absence of this coverage, the insurer will only pay for costs associated with third-party liabilities resulting from the insured person’s car. Every vehicle owner is required by the Motor Vehicles Act of 1988 to have third party coverage; however, it is advisable to obtain separate own damage insurance for your car in order to prevent financial loss from unanticipated circumstances. Natural disasters like earthquakes, floods, cyclones, or man-made ones like riots and terrorism can seriously harm your car and result in expensive repair costs.

To safeguard your vehicle and cover repair and replacement costs, it is essential to purchase a personal damage insurance policy.

How Does Standalone Own Damage Policy Works?

You can purchase an optional own-damage auto insurance policy in addition to third-party insurance. Your third party auto insurance will protect you against any harm done to other parties by your insured vehicle, but it will not cover damage to yourself. You will eventually need to safeguard your vehicle from unanticipated damage, which is why you need a stand-alone own damage coverage. You can choose add-ons to increase the coverage of your own damage auto insurance policy. Own damage auto insurance can shield your vehicle from a range of damages that third-party auto insurance cannot cover.

For Example, Mr. Sharma wishes to purchase auto insurance for his car. He can select both third party coverage and his own damage insurance policy when he visits the insurer’s website. He will be covered for both third-party liability and own damage if he chooses to do so. But if he chooses to stick with third party insurance, he won’t be covered for theft, fire, flood, earthquake, or other unfavorable occurrences that harm his car.

Comprehensive bike insurance protects your two-wheeled motorcycle from unanticipated harm. This covers natural disasters, man-made disasters, fire, and car accidents. To ensure that your two-wheeled vehicle is fully covered in the event of a natural disaster such as an earthquake, flood, or storm, it is advisable to purchase comprehensive bike insurance. A complete two-wheeler insurance policy also covers third-party obligations pertaining to the policyholder’s bicycle in addition to this.

Benefits of Comprehensive Bike Insurance

1. Complete protection: A comprehensive bike insurance policy offers comprehensive protection for your two-wheeler, covering losses from fire, theft, earthquakes, flood, etc.
2. Covers third party liabilities: Both the financial and legal requirements are covered by the comprehensive bike insurance policy. It is the harm an insured bike causes to a third party or their car in an accident. The financial obligations incurred as a result of a third party’s death in the aforementioned accident are also covered.
3. Avail NCB Benefits: You can receive “No Claim Bonus” benefits if you have a complete two-wheeler insurance coverage. If there were no claims made in the previous year, you may be eligible for a discount on your bike insurance premium renewal under a comprehensive insurance policy.
4. Single Premium: When you purchase a comprehensive bike insurance policy, you get a lot of benefits for a single premium, such as own-damage coverage and third-party coverage for your bike.

Long-term financial losses due to damage, theft, or third-party liability are shielded from by multi-year bike insurance. Although multi-year policies keep you covered for a few years without the worry of renewal, traditional single-year plans need to be renewed annually. It protects you from the penalties associated with riding without a current policy.

Why Need Multi-Year Two Wheeler Insurance?

With only a single premium payment, multi-year insurance provides you with a comprehensive package of long-term protection. There are no yearly renewal concerns for this one-time coverage, which lasts for a few years. Online auto insurance companies may give you a few bucks off the premium costs of multi-year insurance plans. A multi-year coverage should be your first choice for insurance if you recently purchased a new two-wheeler or intend to ride your beloved bike for a number of more years. This will allow you to ride stress-free for a longer period of time.

Liabilities to third parties resulting from an accident involving the insured person’s vehicle are covered by third party bike insurance. Damage to third-party persons or property is covered by two-wheeler third-party insurance. This also covers a third party’s demise in an accident brought on by the policyholder’s car. A two-wheeler owner is required by The Motor Vehicles Act of 1988 to obtain third-party bike insurance. It is against the law to drive a bike or scooter in India without third-party two-wheeler insurance, and you risk fines from traffic police if you do so.

What Makes Third Party Bicycle Insurance Necessary?

Third party two-wheeler insurance is mandatory in India, covering damages to third-party vehicles and their property, as well as personal injuries or deaths of the owner-driver. It is also cost-effective, as premiums are predefined by IRDAI, making it accessible to all. If you are found without insurance, you may face fines up to Rs 2000/. The insurance also provides quick and simple purchase options, making it an affordable option for all.

You should be aware of the requirement for third-party bike insurance if you own a new bike. Nonetheless, another crucial element for independent riders is the required personal accident (PA) policy. Personal accident coverage was previously included in bike insurance policies. However, as of January 2019, bike owners who already have personal injury insurance or who own another vehicle with personal accident insurance may choose to forego this coverage thanks to a new clause.

What is insurance against personal accidents?

An individual is protected against accidental death, injury, or disability by a personal accident insurance policy. Personal accident insurance proves useful given the plethora of potential hazards linked with riding, whether from unfavorable circumstances or the mistakes of others. A personal accident policy kicks in to offer compensation for the insured person and their family members in the event of unplanned traffic accidents. This coverage offers complete protection for both work and play, which is especially advantageous for people whose jobs need them to travel frequently.

Your expenses are shielded from losses resulting from vehicle damage by a bike insurance coverage. But whether or not you are covered for that specific injury depends on the policy you choose. Every vehicle owner is required by the Motor Vehicles Act of 1988 to have third-party coverage; however, the coverage offered here is limited to third-party liability. If you opt for own damage insurance for your bike, the insurance provider will pay for losses brought on by mishaps, fires, burglaries, theft, natural disasters, man-made disasters, etc. Therefore, you must obtain a standalone own damage bike insurance policy over the third-party insurance plan in order to receive coverage for the costs associated with repair and replacement of parts resulting from damages caused by any insurable risk.

Why is Own Damage Cover Useful?

When your covered two-wheeler is damaged by fire, accidents, natural disasters, theft, or other unanticipated circumstances, own damage bike insurance comes in handy. If these occurrences result in damage to your two-wheeler, the bike own damage insurance policy will pay for repairs. Since the required third-party insurance only covers third-party liabilities, this advantage is not available with it. Purchasing own damage insurance for your bike will allow you to ride it with confidence as you’ll be protecting it from serious damages.

There are several elements that transform a rental house into your home. such as the TV set your parents gave you for your marriage, the couch you purchased with your first paycheck, or the rug your grandmother gave you. Defend your house and all that goes into making it. With HDFC ERGO’s tenants’ house insurance, you can feel secure knowing that your priceless belongings are covered no matter what.

We are all aware that owning a home has long been a dream for the majority of Indians. However, they overlook the fact that, after realizing their ideal, they must also secure it. You may live in peace knowing that if your house or possessions are ever in danger, we will be there to defend them for you with insurance for owners.

Your housing society quickly grows into a sizable family house with hundreds of members before you know it. Housing society insurance offers total defense against a variety of threats, ensuring the safety and security of your community for future generations!

Did you know that most Indian structures don’t follow the required safety regulations and are therefore much more vulnerable to both man-made and natural disasters? But do not worry! If something unexpected happens, we guarantee to reimburse you. Invest in a conventional fire and special perils insurance coverage to protect yourself against unforeseen circumstances like strikes, riots, and floods.