Best Two Wheeler insurance Policy in India

Surajit

When everyone Purchase a two wheeler insurance policy for first time, maximum people nothing have any idea for this policy while buying, But Don't get worry beacau i am gonna tell you 6 important tips that can help you to buying and choosing best bike insurance policy. the followings are :-

1. Claim settlement ratio :- it is denote that how much claim comes in a insurance company and in that money how much they are going to pass in one year for claim, remember it can’t less than 85%.


2. Amount Settlement ratio :-  we can understand it with one example, suppose 100 claim comes in a company and the value per claim is 1000 then it will be 100000 and company pass 98% but it hold 2 claim as per 45000, so it will be 90000, now amount settlement ratio is 90%, definitely you check this ratio.

3. Claim rejection ratio :- here company did how much claim reject out of their total claim, please note it can’t be less than 1%.


4. Cashless Garages :-  it is an another tips where you check how many garages work with that insurance company.


5. Type of coverage :- Also check what type of coverage provided by every two wheeler insurance company.


6. Add on or riders feature :- add on or raiders feature give you extra insurance coverage feature with taking little premium for your two wheeler. it has various types of coverage like zero depreciation cover, accessories cover, medical cover, passenger etc.


So always you buy a bike insurance policy online, please look into those above factors.