Get insured as per your current need
The roads in India are far from being cyclist friendly, but that should not stop you from pursuing your love for cycling. If you love to cycle a lot, then it makes sense to have a pedal insurance in place. Pedal cover is a pocket size insurance for cyclists that provides a lump sum benefit in case of death/permanent partial disability and, also covers fracture treatment expenses.
If the policyholder is involved in an accident in India while riding his cycle, which results in his Death, his nominee receives a sum assured of up to Rs. 2 Lakh.
In case a cycle accident in India results in the Permanent Total Disability of an insured, he gets a sum insured of up to Rs. 2 Lakh.
If the insured suffers from fractures due to a cycling accident, this pedal insurance for cyclists also covers his fracture treatment expenses up to Rs. 75,000.
Filing claims was never so easy. Just follow these steps and your're done.
If you meet with any Accidental Bodily Injury that may result in a claim, then as a condition precedent to our liability:
a. You or someone claiming on your behalf must inform us in writing immediately and in any event within 30 days from the date of the accident and submit all documents to us within 30 days from the date of intimation.
b. You must immediately consult a Doctor and follow the advice and treatment that he recommends.
c. You must take reasonable steps to lessen the consequence of Bodily injury.
d. You should allow examination by our medical advisors if we ask for this.
e. You or someone claiming on your behalf must promptly give us documentation and other information we ask for to investigate the claim or our obligation to make payment for it.
f. In case of your death, someone claiming on your behalf must inform us in writing immediately and send us a copy of the post mortem report (if conducted) within 30 days.
*Note: Waiver of conditions (a) and (f) may be considered in extreme cases of hardship where it is proved to Our satisfaction that under the circumstances in which the Insured Person was placed, it was not possible for the Insured Person or any other person claiming on his/her behalf to give notice or file claim within the prescribed time limit.
Period in Risk |
Premium Refund |
||
Policy Period 1 Year |
Policy Period 2 Year |
Policy Period 3 Year |
|
Within 15 Days |
Pro-Rate Refund |
||
Exceeding 15 days but less than 2 months |
75.00% |
80.00% |
85.00% |
Exceeding 2 months but less than 4 months |
60.00% |
75.00% |
80.00% |
Exceeding 4 months but less than 6 months |
45.00% |
65.00% |
75.00% |
Exceeding 6 months but less than 8 months |
30.00% |
60.00% |
70.00% |
Exceeding 8 months but less than 10 months |
15.00% |
50.00% |
65.00% |
Exceeding 10 months but less than 12 months |
0.00% |
45.00% |
60.00% |
Exceeding 12 months but less than 14 months |
|
35.00% |
55.00% |
Exceeding 14 months but less than 16 months |
|
30.00% |
50.00% |
Exceeding 16 months but less than 18 months |
|
20.00% |
45.00% |
Exceeding 18 months but less than 20 months |
|
15.00% |
40.00% |
Exceeding 20 months but less than 22 months |
|
5.00% |
35.00% |
Exceeding 22 months but less than 24 months |
|
0.00% |
30.00% |
Exceeding 24 months but less than 26 months |
|
|
25.00% |
Exceeding 26 months but less than 28 months |
|
|
20.00% |
Exceeding 28 months but less than 30 months |
|
|
15.00% |
Exceeding 30 months but less than 32 months |
|
|
10.00% |
Exceeding 32 months but less than 34 months |
|
|
5.00% |
Exceeding 34 months but less than 36 months |
|
|
0.00% |
However, if any claim has been made then no refund will be given for cancellation of policy.
Need further assistance? Reach out on the Toll-Free Number: 1800-209-5858 to connect with an insurance expert.
3 reviews
My passion for cycling often gets me injured. This led me to geta financial coverage for taking care of the treatment costs. With pedal cover worth Rs. 356 on Finserv MARKETS, I had to look no further. I quickly got the product through their fast and simple platform!
Posted on 23 Jan 20
When my arm got fractured due to an accident while cycling, I had to bear an handsome amount for its treatment. However, the pedal cover I bought through Finserv MARKETS was a big help. I could quickly claim the cover and manage my expenses !
Posted on 02 Apr 20
The application process for pedal cover is so simple and it hardly took any time to buy the product. Finserv MARKETS platform is very easy to use and makes it simple to buy the product. Awesome Platform!
Posted on 10 Mar 20