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National Comprehensive Bike Insurance
The National Insurance comprehensive bike insurance policy provides coverage for third-party liabilities as well as own damage liabilities. In addition, the Comprehensive Policy allows for add-on covers like zero depreciation insurance, which further enhances the benefits of the policyholder. Bike owners should purchase comprehensive insurance because it diminishes their liability in case of any damage caused by them to a third party or their own bikes or themselves while driving on the road.
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National Bike Insurance
- National Comprehensive Bike Insurance
National Comprehensive Bike Insurance vs. Third-Party Bike Insurance
Below is a table for comparison between the two types of bike insurance policies by National Insurance two-wheeler insurance:
| Comprehensive Bike Insurance | Third-Party Bike Insurance |
| The policy covers own-damage expenses incurred by the insured's bike as well as Third Party Liabilities | This type of policy only covers third party damages caused by the insured's bike |
| Various add-ons such as Consumables Cover, Zero Depreciation, and Return to Invoice Cover etc., are available along with the Comprehensive Bike Insurance cover | Policyholders cannot opt for any add-on covers |
| The premium of this policy is relatively higher as it provides higher coverage benefits | This policy is cost-effective for the policyholders due to the limited coverage benefits |
Benefits of the National Comprehensive Bike Insurance Policy
The National comprehensive bike insurance policy benefits the policyholder in the following ways:
- No third party liability to the insured. Any damage that is caused to a third party is covered and compensated by the insurer
- The comprehensive bike insurance policy covers the own-damaged liability of the insured
- The policyholder is allowed to avail of add-ons along with the comprehensive insurance policy
- Other benefits include round-the-clock customer care availability and quick claim settlement
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What is Covered under National Comprehensive Bike Insurance Policy?
The National comprehensive bike insurance policy covers the following claims during the policy term:
- Third-party Liabilities: The National comprehensive bike insurance policy covers the insured for third party liabilities. The insurer compensates for any damage, death, or injury caused to a third party due to the insured's bike.
- Own damage caused by Natural Calamities: The National comprehensive bike insurance policy covers the damages caused to the insured's bike due to natural calamities like floods, landslides, etc.
- Own damage caused by Manmade Disasters: The National comprehensive bike insurance policy covers the damages caused to the insured's bike due to any manmade disaster like a terrorist attack, fire, riots, and so on.
- Theft: In case the insured bike gets stolen, the insurer provides coverage for the same.
What is not covered under the National Comprehensive Bike Insurance Policy?
The National Insurance comprehensive bike insurance policy doesn't cover the following expenses:
- Normal wear and tear of the bike
- Mechanical or electrical breakdown of the bike
- Damage incurred due to willful negligence
- Damage incurred due to contractual liability
- Damage incurred due to driving without a valid driving license or under intoxication.
- Damage incurred during a war, mutiny, nuclear risk, rebellion, or during any such terrorist activity.
FAQs
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Q. Does the National comprehensive bike insurance provide coverage for own damages?
Yes, comprehensive insurance provides coverage for both third-party liability and own damages.
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Q. What are the add-ons available to a policyholder along with the comprehensive insurance policy?
A policyholder, along with the comprehensive insurance policy, can also purchase add-on insurance like the Zero Depreciation add-on, Consumable Cover, Return to Invoice cover, and so on.
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Q. Will the insurer be liable to compensate the policyholder in case of normal wear and tear of the insured bike?
No, the insurer will not have any liability in case of normal wear and tear of the insured bike.
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Q. Why national comprehensive bike insurance policy?
The National Insurance comprehensive two-wheeler insurance policy covers the third party financial liabilities and the own-damage financial liability of the policyholder. This extensive coverage provided by comprehensive insurance instills a sense of security in the mind of the policyholder. The premium cost of comprehensive insurance is higher owing to the comprehensive coverage benefits.
Explore Two Wheeler Insurance
Two Wheeler Comprehensive Insurers
Bajaj Allianz Comprehensive Bike Insurance
Go Digit Comprehensive Bike Insurance
HDFC ERGO Comprehensive Bike Insurance Policy
ICICI Lombard Comprehensive Bike Insurance
IFFCO Tokio Comprehensive Bike Insurance
Liberty Comprehensive Bike Insurance
New India Assurance Comprehensive Bike Insurance
Oriental Comprehensive Bike Insurance
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Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
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Read more^The renewal of insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for a transaction may vary subject to additional data requirements and operational processes.
^The buying of Insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for transaction may vary subject to additional data requirements and operational processes.
#Savings are based on the comparison between highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.
*TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI-approved insurance plan. Standard T&C apply.
*Rs 538/- per annum is the price for third party motor insurance for two wheelers of not more than 75cc (non-commercial and non-electric)
#Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.
*₹ 1.5 is the Comprehensive premium for a 2015 TVS XL Super 70cc, MH02(Mumbai) RTO with an IDV of ₹5,895 and NCB at 50%.
*Rs 457/- per annum is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial).The list of insurers mentioned are arranged according to the alphabetical order of the names of insurers respectively.Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
