Bike Insurance in Kochi

Cochin, also known as Kochi, is Kerala’s most densely populated city. It is a Tier-II city and the industrial capital of Kerala. This makes Kochi a vibrant and popular place as people from all over India migrate here. This well-governed city has great roads and connectivity.

 

Kochi has great highways that connect it to the neighbouring cities and states. It is also well-connected to the National Highway. However, the constantly growing population of Kochi has become an issue in terms of traffic. Hence, if you are someone who travels by motorcycle, this article is essential for you. You will explore the different types of bike insurance in Kochi and the benefits of insuring your vehicle.

Best Bike Insurance Plans

Choosing the right insurance plan for your bike can be confusing, especially if you have never purchased bike insurance plan before. To make things easier, take a look at the bike insurance plans available at Bajaj MARKETS and their features:

 

Bajaj Allianz General Insurance Co

Acko General Insurance Ltd

HDFC Ergo General Ltd

Third-party cover

Comprehensive Bike Insurance

Premium Amount

Starting at Rs. 538. - + GST (effective 1st April 2022)

Starting at Rs. 538. - + GST (effective 1st April 2022)

Starting at Rs. 538. - + GST (effective 1st April 2022)

No of Network Garages

4,000+

NA

8000+

Claim Settlement Ratio

98%

98%

99.5%

Additional Covers

Benefits of Bike Insurance in Kochi

Getting comprehensive bike insurance in Kochi helps you and your two-wheeler in many ways. Here are some of the prominent benefits of buying bike insurance:

  • Keeps You Financially Secure From Damage Expenses

Third-party bike insurance is limited to the cost of damages and injuries caused to a third party due to an accident, whereas, comprehensive insurance covers expenses incurred on repairing the damages caused to your vehicle as well. The cost of automobiles and automobile components has gone up significantly. Consequently, the repair and maintenance expenses for automobiles have also surged. However, with a comprehensive bike insurance plan at your disposal, your finances are secure against any accidental damage.

  • Personal Medical Cover

With the benefits of comprehensive bike insurance, you also get coverage for any medical expenses towards injuries caused by the bike accident. Medical costs in India are unaffordable for the majority of our population. Hence, it is important to cover your healthcare costs against unfortunate accidents. You would simply put your savings on the line if you tried to do without insurance.

  • Legal Obligation

Along with being a necessity, third-party insurance is also a legal obligation in India. This means all vehicle owners need to have third-party insurance at the least to legally drive on Indian roads. If you are caught driving your bike without a valid insurance policy, you would be compelled to pay up to ₹4,000 in fines or even face imprisonment. Protect yourself from legal procedures and buy bike insurance in Kochi.

  • Add-on Covers

With comprehensive two-wheeler insurance, you can also buy add-on covers to broaden your financial security. However, you need to purchase these add-on covers separately over and above your insurance plan. These covers can be extremely lucrative, especially add-ons like zero-depreciation cover or bike theft cover.

  • Third-Party Cover Included

You also get third-party liability cover when you opt for a comprehensive bike insurance policy. It enables you to stay financially protected against third-party and your own damages in a single plan.

 

Read More: Bike Insurance Cover - Inclusions & Exclusions

Network Garages in Kochi

With comprehensive bike insurance in Kochi, you can also avail the cashless claim facility at a network garage. As the policyholder, you can take your damaged bike to the ‘network garage’ associated with your insurance provider and get your vehicle repaired for free or at minimal cost (depending on coverage extent and bill amount). Your insurer will get in touch with the network garage to directly settle the bills. However, if the bill amount exceeds the maximum sum assured, you will have to pay the balance amount.

 

You can check out the nearest network garage for bike insurance plans made available from our partners insurers:

 

Bajaj Allianz General Insurance - https://apps.bajajallianz.com/gmlocator/locate-garages.php

 

HDFC ERGO General Insurance - https://www.hdfcergo.com/locators/cashless-garages-network

Final Takeaway

While Kochi is a beautiful place to live and work in, you cannot drive around this city without a valid insurance policy and driving licence. Kochi, a densely populated place, has been struggling to bring down the rate of accidents here. It is best to buy a bike insurance plan for your motorcycle to keep legal issues and accident-related costs at bay. In case you are unsure about the costs, you can get an estimate using our bike insurance premium calculator. Check out the range of bike insurance plans available at Bajaj MARKETS and go for the one that suits you best.

Check Out Bike Insurance Plans Available at Finserv MARKETS

FAQs on Bike Insurance in Kochi

  • ✔️Which is the best bike insurance in Kochi I can choose?

    It is crucial to explore all bike insurance Kochi plans available online and choose the best option that provides the best coverage.

  • ✔️Can I get a bike insurance policy in Kochi without inspection?

    If you choose to buy a bike insurance policy online, you can get it without any inspection.

  • ✔️What are the different ways to pay for two-wheeler insurance online?

    If you buy your bike insurance at Bajaj MARKETS, you can pay the premium via multiple payment modes like net banking, debit card, credit card, or even a mobile wallet.

  • ✔️Can I buy bike insurance in Kochi online?

    Yes. At Bajaj MARKETS, we have formulated a quick and seamless process to buy your bike insurance in Kochi online.

  • ✔️How can I get two-wheeler insurance in Kochi for an affordable price?

    Use the bike insurance calculator available on Bajaj MARKETS to determine which plan is the most affordable and provides adequate coverage.

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