May 2023


Factors You Should Consider In Selecting A Suitable Two-Wheeler Insurance Policy

Two-wheeler insurance is a simple way to protect your bike from accidental losses and liabilities. It will protect you from unexpected expenses and help you comply with the Motor Vehicles Act 1988, which requires third-party motor insurance in India.

Any confusion between two-wheeler insurance policies can result in the wrong choice. It may cause issues later. To avoid this, understand insurance before buying it.

 To Get the Right Two-Wheeler Insurance Policy For Your Vehicle, Consider These Factors 

Bike insurance types

Comprehensive and Third Party vehicle insurance are currently available. The Motor Vehicles Act of 1988 requires vehicles to have third-party insurance. Both bike insurance policies are explained here. 

Comprehensive insurance

A comprehensive two-wheeler insurance plan will protect your bike from theft, damage, etc. It also covers third-party damage. Coverage for:

  1. Earthquakes, floods, typhoons, etc.
  2. Robberies, riots, etc.
  3. Comprehensive policies also offer personal accident cover for owner-driver. 

Third-party insurance

Third-party insurance only covers damage your vehicle causes to a third party’s property or vehicle, not theft or damage to your own. This motor insurance covers third-party legal liability for accidental damages, such as:*

  1. Permanent damage
  2. Passing away
  3. Property damage

Unless you have a long-term bike policy, third-party and comprehensive insurance must be renewed annually. Two-wheeler insurance premiums depend on vehicle age, policy type, and location. 

  1. Premium

Numerous factors affect policy premiums. Two-wheeler insurance premiums depend on engine cubic capacity (CC). The India Motor Tariff has three categories: 0-150CC, 150-350C, and 350CC+. The policy premium will increase with engine capacity. The location also impacts premium calculation. Zone A cities and towns cost more. 

  1. IDV

IDV is the car’s market value. The maximum insurance claim for total loss or theft is the Insured Declared Value (IDV). IDV decreases with bike age. * 

  1. Riders

Add riders to your two-wheeler insurance policy if you need more coverage than what your primary insurance provides. Riders cost extra to add to bike insurance policies. Examples are Roadside assistance, personal accident insurance, etc. 

  1. NCB

No Claim Bonus is a bonus for claim-free policies. NCB can be accumulated to 50% of the policy premium.* 

  1. Claim procedure

Two-wheeler insurance with a simple claim process is good. Insurers’ claim settlement ratios indicate claim settlement efficiency.*

However, you can make a claim only if you do your bike policy renewal promptly. 

Online purchase

Saving middleman commissions lowers policy costs. Online bike insurance is more economical because it requires less paperwork—these savings lower policy premiums.

You can protect your bike by choosing a two-wheeler insurance policy that meets your needs and takes good care of it. For the right insurance policy, consider the above factors.

If riding is your passion, you want to look after your bike like it’s your baby. There is nothing that should harm your baby. That’s why it is crucial to thoroughly research and find the right insurance for your bike. It will give you peace knowing that your bike will always be safe no matter what happens. 

* Standard T&C Apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

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What Is Medical Insurance Claim Procedure & How Does It Work?

A request for reimbursement of the costs incurred for treatment is known as a health insurance claim or a medical insurance claim. After verifying the claim, the insurance provider will either pay the hospital directly or refund you for the money you spent, depending on the type of claim procedure you choose. They will also provide you with a number of optional health insurance benefits.

Types of Health Insurance Claims

A health insurance plan’s main goal is to offer financial support when necessary. One must use one of the two services listed below in order to receive the payment from the insurance provider on time:

  • Cashless claim – In a cashless claim, the policyholder may receive care at any of the insurance company’s network hospitals. The policyholder must provide the cashless health card given by the insurer upon admittance, and all costs associated with the treatment will be paid for in full by the insurance provider; there is no additional cost to you. When submitting a cashless claim, all you need to do is present your health insurance plan

Two methods exist for requesting cashless treatment:

Planned Admission cashless process:

  • Pick a hospital from the network listed in the insurance document.
  • Three days before admittance, notify the third-party administrator (TPA) and supply a membership number.
  • Obtain a hospital cashless request form.
  • Send the application and the medical records to TPA.
  • TPA will examine each paper.
  • Once authorised, the insurance provider will pay the hospital bills only, not including phone, food, or attendant fees.

Cashless procedure for emergency admission:

  • In the event of rejection, one may request reimbursement.
  • Emergency admittance without payment is handled by notifying the third-party administrator (TPA) and providing a membership number.
  • Fill out the cashless form in the hospital with a doctor’s certification.
  • Send TPA the form and your medical records.
  • If a cashless facility is approved, medical costs will be paid in full right away.
  • If something is rejected, ask for a refund.

Reimbursement – To submit a reimbursement claim, you must first pay for the medical care in question. When you submit a claim, you must present the hospital and medical expense receipts as well as other supporting documentation. The insurance provider will credit the money to your bank account after checking the invoices.

Remember to begin the reimbursement procedure seven days after the patient has been released. The steps to start are as follows, read on:

Procedure For Paying Out A Claim:

  • Use the toll-free number to contact your insurance provider and give them your membership number.
  • Pay off all hospital debts.
  • When you ask for compensation, be sure to provide all essential documentation, including bills, prescriptions, discharge summaries, and more.
  • The reimbursement form is accessible for download and completion on the insurance website.
  • Send the insurance company the form and the medical records.
  • Once the claim is accepted, a check will be issued. The process typically takes 20 days to complete from the moment that all paperwork is

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.


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What is the meaning of IPO?

A significant event that takes place in the corporate every now and then, an IPO is understood as an initial Public Offering. It is understood as a process where a private company goes public by offering its shares to the public. In other words. It is a time when the company begins to sell its stocks to the public in order to raise capital. To know more about IPO meaning and process, keep reading this post.

What does the process of an IPO look like?

IPOs have become very popular these days since several companies that are seeking to raise some funds for expansion as well as debt reduction launch an IPO. IPO allows companies to gain a significant amount of capital, which can be used to fuel growth, expand operations, or pay off existing debt.

Step-By-Step Understanding

  1. The process of IPO is very simple. It begins with a private company registering with the Exchange and securities board of India. After this, with the diligence process, there is a scrutinization process where the company operates its management, operations, and financial structure.
  1. After SEBI has approved your application, the company will hire an investment bank or underwriter to help it with the IPO process. This person will help determine the offering price for its shares depending on factors like industry trends, financials, investor demands, etc.
  1. Once the price has been set, the company will file its prospectus with SEBI which will contain all the necessary details about the organization, including management structure, financials, etc.
  1. After the prospectus has been approved by SEBI, the company will begin the marketing process in order to attract some investors. This also involves advertising, media coverage, and roadshows that create buzz for the company and the IPO.

What happens on the day of the IPO?

On the day of the IPO, investors can purchase the company’s shares through the stock exchange where the company is listed. The demand for such shares and its final price are at the end determined by supply, demand, market forces, investor sentiment, etc.

Why is IPO lucrative?

IPOs can be a lucrative option to invest in, but do note that it comes with some level of risk. Investors must always research the company as well as the financials before they invest in anything. They should know the risks that are associated with the IPO like market volatility, potential of company shares, etc.

In other words, IPO can be an a good investment option for retail investors in India. In recent years, many successful IPOs in India like Paytm and Zomato have given you a lot of interest and provided investors as well to give you good returns.


IPOs are a very significant event where companies are given the opportunity to raise capital. This is done by offering shares to the public. Investing in such IPOs can be very lucrative. However, it is important for the investors along with their due diligence to understand all the risks that are involved. By doing some careful analysis and research, IPO can also be a good investment choice for retail investors in India.

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