Here Are the Factors That Impact the Premium for Your Two-Wheeler Insurance Plan

At your each to the vehicle dealer to book a new bike, you might have heard innumerous times of the requirement of a two-wheeler insurance besides the registration formalities. The Motor Vehicles Act of 1988 makes it a prerequisite to ride one legally. But what is it that is mainly considered by people at large when buying? Premium, right? Then follows other factors like policy features, claim process and more. So, the thought of what impacts the premium must have surely crossed your mind. And for all those curious souls looking for an answer to it, you have come to the right place. This article elaborates how the premium of your two wheeler insurance is impacted based on the different factors, some of which are within your control, while a few others aren’t.

Before that, let’s look at what is exactly meant by premium –

The premium of a two-wheeler …

Read More