KTM Two Wheeler Insurance

We at HDFC ERGO have a Long Term KTM bike Insurance Package Policy too that is designed to secure your bike for the long run. A bike insurance policy for two-three years (2/3 yrs) will help you dodge the trouble of renewal every year. You can also avoid third-party hikes in premium every year. Also, your bike remains covered for the long term. Also, according to a Supreme Court ruling, a five years third party cover is mandatory for every new two-wheeler. The long-term comprehensive plan includes:

A third-party cover - the most basic type of two-wheeler policy that offers protection in case of damages & losses your two-wheeler could cause to the third-party person/ property. In case of an accident, claims that the injured person raises can be covered under this policy, thus reducing your financial burdens and stress. Third-party liability insurance is mandatory under the Motor Vehicles Act, 1988. Further, two-wheeler owners without a third party cover can be fined INR 2,000 and/ or subject to imprisonment for up to three (3) months.

If you already have a third-party liability insurance policy, the standalone policy is best for you. This policy covers you against losses arising from damage to yourself and your vehicle due to an accident, which leaves you with substantial medical and repair costs. Furthermore, you unlock the choice of add-ons to enhance your coverage.