Introduction to The City

 It is often said that Mumbai is a city that never sleeps. The roads of Mumbai are constantly bustling with activities, be it day or night. The fact that the city is also the financial capital of our nation makes it popular among job seekers who come here from all over the country in search of a job. However, this eager migration of people has made Mumbai, one of the most densely populated cities in India. The true extent of this dense population is actually witnessed at the time of peak hours, when the city’s local trains, often called as the city’s ‘lifelines’ are crowded with people transiting to their offices. An alternative to train travel in Mumbai is traveling by road. Most people prefer commuting to their workplace with their own two-wheeler vehicle instead of traveling in congested local trains. Not only for work, but a two-wheeler also proves convenient while hopscotching from clubs, restaurants and popular joints that the city has to offer. As a result, Mumbai has one of the highest number of two-wheeler insurance buyers in the country.

Popular two-wheeler models in Mumbai

 

No matter, expensive or cheap, you will find almost all types of two-wheeler vehicle models on the streets of Mumbai. Some of these popular two-wheeler models include-

  • Honda Activa

  • KTM RC 125

  • TVS Jupiter

  • Royal Enfield

  • Yamaha

  • Bajaj Pulsar

  • Honda Shine

  • Suzuki Access 125

 

Benefits of Two-Wheeler Insurance in Mumbai?

 

A major threat to your two-wheeler in Mumbai is during the monsoons. Mumbai roads tend to flood-up during rainy seasons. During this period, there is a perpetual threat of vehicles skidding on the slippery roads or facing major damage due to excessive flood-like situations. A bike insurance Mumbai can help cover the damages due to such natural disasters. Moreover, according to a mandate under the Motor Vehicles Act of 1988, it is now compulsory for all vehicle owners to insure their vehicle against any third-party liabilities. However, with the increasing number of road mishaps happening in Mumbai, it is crucial that you insure your two-wheeler not only with a third-party liability plan but with a more comprehensive insurance scheme. The two-wheeler insurance Mumbai available at Finserv MARKETS offers an extensive self and rider coverage in the case of any freak road accident. The insurance plan also makes provisions for covering any expenses incurred due to damages to your vehicle arising out of theft or sabotage.

 

Why Choose Finserv MARKETS For Bike Insurance?

 

If you are looking for a competent two-wheeler insurance in Mumbai, your search ends at Finserv MARKETS  . As a leading BFSI company offering bike insurance in Mumbai, Finserv MARKETS brings to you Bajaj two wheeler insurance policies for your bike with a comprehensive coverage at affordable cots. It also offers a variety of other features that include:

  • Quick online processing.

  • Easy transfer of No-claim bonus (NCB).

  • Additional covers and riders.

  • Major discounts on premium.

  • Long-term availability.

  • Hassle-free claim settlement.

  • No heavy documentation.

  • 24 x 7 customer support

 

List of Network Garages in Mumbai with Contact Details

 

Name

Address

Telephone

Torrid Motors

15, Champion Seal Compound, Parsi Panchayat Road, Andheri (E), Mumbai -400069.

9167690116

Fortpoint Automotive (Cars) Pvt Ltd ((Andheri)

103/104, A Wing Floral Deck Plaza, Midc Central Road, Andheri (E), Mumbai - 400093.

9594974650

Ashoka Car Care

1, Sun Mill Compound, Lower Parel, Worli

9820224997

Aadya Motor Car Company Pvt Ltd

167, Cst Road, Kalina, Santacruz-East, Mumbai-400098

9004497802

Modi Car Agencies Private Limited (Vidyavihar)

27, Kirol Road, Sahaney Compound, Indira Nagar, Vidyavihar (E), Mumbai - 400086.

9167230880

Misano Bikes Llp-Highend 2W

401-C, Poonam Chambers, Dr. A B Road, Worli

9322431210

 

Karworx & Spa India Pvt Ltd

Arch No 25/26, Below Mahalaxmi Bridge, Mumbai - 400034.

9833167876

Sarayu Investments Pvt Ltd

77-A, Palky Gally, Off Veer Savarkar Marg, Mumbai-400025

9821894917

Senator Motors Pvt Ltd

67, Abcd, Charkop Industrial Estate, Ckarkop, Kandivali W, Mumbai

9167711100

Spectra Motors Ltd

Cable Corp. Of India Compound, Shed No 2, W E Highway, Borivali (East), Mumbai - 400066.

9967017448

 

Frequently Asked Questions

 

Q. Is having a two-wheeler insurance compulsory in India?

A. Yes, according to the Motor Vehicles Act of 1988, it is compulsory for all vehicle owners in India to hold a third-party motor insurance.

Q. What are the risks covered in third-party two-wheeler insurance?

A. The third-party two-wheeler insurance available at Finserv MARKETS covers the following risks-

  • Injury or death of the third-party

  • Any other damage caused to the third party

  • Any other liability due to the death of the third party

Q. What is a No-Claim Bonus on Two-Wheeler Insurance?

A. A no-claim bonus or an NCB is a bonus offered by insurance providers when a policyholder fails to make any claims on his/her two-wheeler insurance plan in an entire year. If you accumulate enough NCB over the years, you can significantly save on your premium at the time of two wheeler insurance policy renewal.

Q. What happens if I fail to renew my insurance policy?

A. In case you fail to renew your two-wheeler insurance, you might have to face the following consequences-

  • Negative impact on your No-Claim Bonus

  • Vulnerability to third-party risks and liabilities

  • The need to pay out of your own pocket for any damages caused to your two-wheeler

 

Read about Two Wheeler Insurance in Pune at Finserv MARKETS .

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