What documents do i need for bike insurance?

Under the Motor Vehicles Act, the Government of India has made it mandatory for every bike owner to have an insurance policy. The bad condition of roads coupled with rash driving increases the chances of accidents. An accident can cause damage to vehicles inflict injuries or sometimes even result in loss of life.

People ask , what documents are required for vehicle insurance?

  1. Online vehicle insurance policy.
  2. Copy of driving license.
  3. Copy of your duly signed claim form.
  4. Repair bill (Original)
  5. RC copy of the vehicle.
  6. FIR (Only in case of theft, injury/damage to third-party, or highway accidents)
  7. Proof of release and cash receipt.

Also, is RC required for insurance? Loss of licence or RC cover is not available under third party car insurance and be purchased by people with comprehensive motor insurance policy. … At the time of buying this add-on cover, you need to submit your car’s engine and chassis number to your motor insurance company.

, what documents are required for insurance claim? Duly filled claim form. FIR copy (in case of third party property damage / death / bodily injury) RC copy of the vehicle. Driving license copy.

, which insurance is compulsory for 2 wheeler? Therefore, there are two major types of bike insurance policies available in the Indian market: Third-party Liability and Comprehensive bike insurance. Of these, the Liability Plan is mandatory. The Comprehensive plan offers wide-ranging coverage and includes the mandatory cover.

Contents

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What is the process for insurance claims?

How Do Insurance Claims Work? An insurance claim is a request filed by a policyholder to a provider asking for compensation for a covered loss. The insurance company will then review the claim, and they can approve it and issue an eventual payout after investigating it, or they deny the claim.

Is postmortem compulsory for term insurance?

In case the insurance holder dies due to suicide, murder or accident then panchanama, police FIR report and post mortem report will be required.

Can insurance be claimed without FIR?

Without an FIR, no insurance company will entertain your claim and without informing a cop, no FIR will be issued. Therefore, you must obtain your FIR copy at the earliest. Absence of vital information Usually after an accident, most people are busy getting the details such as driver’s name, his license, etc.

Can we keep photocopy of RC?

No. Not at all necessary. A Photocopy of the RC, even without the signature of the Gazetted Officer will suffice within the city limits. Many commercial vehicles only give photocopies of their RC while the originals of the RC are maintained by the head office.

What do I do if I dont have RC?

Firstly, you must register a complaint with the police at the nearest police station. You must provide all the details about how and where exactly you lost your RC card. You must also mention the registration number of your vehicle, model, your name and address, chasis number of the vehicle, engine number, etc.

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Is soft copy of insurance valid?

The soft copy of the Insurance certificate is absolutely valid and no police officer could question it’s validity. infact now the policy information is updated real time in digilocker and mparivahan app which could be used as valid documents to show.

Is Aadhaar card mandatory for insurance claim?

Insurance regulator IRDAI (Insurance Regulatory and Development Authority of India) has made it compulsory to link Aadhaar with insurance policies. … All policyholders will have to share their Aadhaar number along with PAN/Form 60 for availing insurance services.

What is the claim process?

Businessdictionary.com defines claims processing as “the fulfillment by an insurer of its obligation to receive, investigate and act on a claim filed by an insured. Claims processing begins when a healthcare provider has submitted a claim request to the insurance company. …

Which type of bike insurance is best?

A Comprehensive type of policy is considered as the best two-wheeler insurance policy because of its coverage. It covers the mandatory Third-party Liability Insurance as well as Own Damage. You can also go for appropriate Add-ons to strengthen your policy.

Is it compulsory to take three years insurance?

If you choose a comprehensive two-wheeler insurance cover, then your policy tenure will be for 3 years as opposed to 5 years. A minimum of third party cover at all times is already compulsory under the Motor Vehicles Act of 1988.

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