All You Need To Know About Navi Bike Insurance

A two-wheeler insurance plan provides you with an unparalleled sense of security, just as riding a bike provides you with an unprecedented sensation of freedom. It gives you complete peace of mind by protecting your bike from damages caused by road hazards, as well as theft, natural disasters, and man-made disasters. So, get your two-wheeler insured today and enjoy every trip with the peace of mind that you are entirely covered. Navi General bike Insurance is one of the most reputed motor insurance providers that has a CSR of 76.20% in FY20 along with 1,100 plus network garages. The best part is that you can purchase affordable bike insurance policies starting at Rs. 548 and customize your coverage with over 12 add-ons. Read on to know everything about its bike insurance coverage options. 

Types of Bike Insurance Policies Offered At Navi General Insurance

At Navi General Insurance, you can choose between purchasing a ‘Third Party Motor Insurance’ and ‘Comprehensive Insurance’. Just like the names, the policy coverage is also easy to comprehend. 

• Third-Party Motor Insurance

Individuals, cars, or buildings who have been harmed or damaged by the policyholder's bike are covered under this type of motor insurance. It does not, however, cover any damage to the policyholder or their bike. This insurance is legally mandatory and Navi General Insurance provides up to Rs. 1 lakh in compensation.

• Comprehensive Insurance

This type of car insurance is comprehensive and covers all of the elements of third-party motor insurance, as well as injury or damage to you and your vehicle (also known as own damage at Navi General Insurance). These plans range from a single year to three years of coverage for a single price. Long-term plans also help you save money because they are less expensive in the long run than buying and renewing single-year policies.

At Navi General Insurance, you can purchase a single year ‘safe option’ package starting at Rs. 548 which consists of a single-year comprehensive insurance policy. On the other hand, you can also pick the ‘super safe option’ through which you can avail of a 38% discount on your long-term comprehensive bike insurance policy. 

Top 5 Add-Ons For Bike Insurance At Navi General Insurance

Navi General Insurance's two-wheeler insurance products can be tailored to fit your specific requirements. With a variety of add-ons to choose from, you may create a plan that meets your requirements. The following are some of the most popular add-on options - 

• Consumable Expenses

If repairing motor parts such as screws, engine oil, nuts and bolts, fuel filter, lubricants, brake oil, and grease has been a source of stress in the past, getting a Consumable Expenses cover from Navi General Insurance will relieve you of this burden in the future.

You may also like to read:- Common Mistakes While Filing Third Party Bike Insurance Policy

• Roadside Assistance Cover

It might be aggravating to become stranded on the road in the middle of a journey. Towing service, battery jump-start, spare key arrangement, breakdown phone support, alternate transportation, and even lodging if you are stranded outside of your city of residence are all included in the roadside assistance cover.

• Zero Dep Cover 

A policy that does not include Zero Depreciation will only cover the depreciated price of items, which are less than replacement costs. As a result, you should get this protection because part depreciation can be as high as 50%.

• NCB (No Claim Bonus) Secure

In a regular policy year, your NCB component is going to fall to 0% once you make a claim. However, if you have this cover, you can protect your NCB Component and claim your Navi Bike Insurance up to 3 times and still retain your NCB. 

• EMI Protection Cover 

The stress of a two-wheeler accident, compounded by a hospital stay of more than seven days, can be quite stressful, especially if the bike was purchased on EMI. The EMI Protector Cover will cover up to three months of your insured's EMI.

Also Read:- 3 Easy Ways To Check Bike Insurance Expiry Date Online

Take Away

Buying bike insurance is mandatory. However, having adequate coverage while riding your bike is more essential. Thus, make sure to compare policies before purchasing one and ride safely.

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.