Magma HDI Comprehensive Bike Insurance Policy

Magma HDI General Insurance has successfully provided a wide coverage against the uncertainties of life through its comprehensive bike insurance policy. The Magma comprehensive bike insurance policy shields its policyholders from the financial liabilities to the third party as well as the financial loss due to own damage suffered by the insured’s bike. It provides financial security and peace of mind to the policyholders.

Magma HDI Comprehensive Bike Insurance vs Third Party Bike Insurance

What All Is Covered Under Magma HDI Comprehensive Bike Insurance Plan?

Magma HDI comprehensive bike insurance policy provides coverage for the following aspects:

• Third party liabilities: The Magma HDI comprehensive bike insurance policy provides financial assistance to the policyholders for any third party damage, loss or injury caused by the insured’s bike. Any bodily injuries, death, permanent disability and property damage of the third party gets covered by the insurer.
• Own damage caused by natural calamities: The damage caused to the insured’s bike due to any natural calamities such as flood, earthquake, landslide etc. is covered by the insurer.
• Own damage caused by man-made disasters: Any damage to the insured’s bike due to riot, strike, fire, terrorist activities or any such man-made disasters gets covered by the insurer.
• Theft: The theft or burglary of the insured’s bike is covered under the Magma HDI comprehensive bike insurance and all the expenses are reimbursed.

What All Is Not Covered Under Magma HDI Comprehensive Bike Insurance Plan?

Magma HDI comprehensive bike insurance policy does not provide coverage for the following:

• Normal wear and tear
• In the case of willful negligence
• Lack of a valid licence while driving
• Damage caused due to contractual liability
• In case of mechanical or electrical breakdown
• For driving under the influence of alcohol or intoxicating drugs
• Damage occurred during the war, nuclear risk, mutiny rebellion or any such situation.

Magma HDI comprehensive bike policy provides multiple benefits which are discussed below:

• Swift and easy claim settlement process.
• It offers an easy and online policy issuance.
• A variety of add-ons ensures extensive coverage.
• The policyholder is relieved from the third party liability and own damage expense.
• A wide network of cashless garages spread all over India provides free repair and replacement service.