Bike Insurance Without Inspection
When purchasing a bike insurance policy or filing a claim, you must be wondering about the bike insurance inspection. You must also be looking for scenarios where the insurer may reject your claim request. The Insurance Regulatory and Development Authority of India (IRDAI) allows insurers to conduct extensive inspections before accepting purchase requests or settling claims. But is this procedure mandatory?
Why Do E-bikes Catch Fire?
In recent years, there have been various reports of electric bikes catching fire and resulting in injuries and vehicle damage. The government has also taken steps to look into the matter and ensure safety for all involved. In this article, we will look at how electric bikes work and the possible reasons behind these fires. We will also share some tips to help you prevent them.
Bike Insurance Endorsement
In India, riding without valid bike insurance attracts a penalty. Many people believe that the term "valid" only refers to the expiration date. But, it also pertains to the information mentioned in your policy document. Assume that a bike's registration number does not match the number on a policy document. Do you believe you can avoid a penalty in this case if the traffic cop stops you? Probably not. Now, this is where the importance of endorsement in bike insurance kicks in.
Vehicle Fitness Certificate from RTO
There are many benefits of driving a bike, but it comes with some cons as well. One of the major cons of driving a vehicle is pollution. Therefore, the government has come up with some ways to manage the amount of pollution created by vehicles on the roads. One of the ways to control pollution is issuing a fitness certificate to commercial vehicles on the road.
Underage Driving Rules & Fines
Driving on the roads can be a liberating experience. It can also make you independent as you do not have to ask someone to take you somewhere. But, you have to consider an important aspect before you start driving. That aspect is age. Today, we see minors driving motorbikes on the roads. So, the question arises, who is a minor and is underage driving an offence?
Impact of GST on Two Wheeler Insurance
One of the major tax changes following India's independence is the Central Goods and Services Act of 2017, also known as the GST. The bike insurance business was one of many industries that the act will significantly impact. The move significantly altered the federal and state tax systems. Before the introduction of the GST, a product would be subject to numerous taxes that people were unaware of. Multiple indirect tax rates were combined under the Goods and Services Tax (GST). Through the GST, as many as 17 federal and state levies were consolidated into a single tax structure. GST applies to the cost of insurance for bikes because it falls within the services sector. If the GST percentage for bike insurance goes up, so does the bike's price.
Bike Insurance Without Inspection
When purchasing a bike insurance policy or filing a claim, you must be wondering about the bike insurance inspection. You must also be looking for scenarios where the insurer may reject your claim request. The Insurance Regulatory and Development Authority of India (IRDAI) allows insurers to conduct extensive inspections before accepting purchase requests or settling claims. But is this procedure mandatory?
Why Do E-bikes Catch Fire?
In recent years, there have been various reports of electric bikes catching fire and resulting in injuries and vehicle damage. The government has also taken steps to look into the matter and ensure safety for all involved. In this article, we will look at how electric bikes work and the possible reasons behind these fires. We will also share some tips to help you prevent them.
Bike Insurance Endorsement
In India, riding without valid bike insurance attracts a penalty. Many people believe that the term "valid" only refers to the expiration date. But, it also pertains to the information mentioned in your policy document. Assume that a bike's registration number does not match the number on a policy document. Do you believe you can avoid a penalty in this case if the traffic cop stops you? Probably not. Now, this is where the importance of endorsement in bike insurance kicks in.
Vehicle Fitness Certificate from RTO
There are many benefits of driving a bike, but it comes with some cons as well. One of the major cons of driving a vehicle is pollution. Therefore, the government has come up with some ways to manage the amount of pollution created by vehicles on the roads. One of the ways to control pollution is issuing a fitness certificate to commercial vehicles on the road.
Underage Driving Rules & Fines
Driving on the roads can be a liberating experience. It can also make you independent as you do not have to ask someone to take you somewhere. But, you have to consider an important aspect before you start driving. That aspect is age. Today, we see minors driving motorbikes on the roads. So, the question arises, who is a minor and is underage driving an offence?
Impact of GST on Two Wheeler Insurance
One of the major tax changes following India's independence is the Central Goods and Services Act of 2017, also known as the GST. The bike insurance business was one of many industries that the act will significantly impact. The move significantly altered the federal and state tax systems. Before the introduction of the GST, a product would be subject to numerous taxes that people were unaware of. Multiple indirect tax rates were combined under the Goods and Services Tax (GST). Through the GST, as many as 17 federal and state levies were consolidated into a single tax structure. GST applies to the cost of insurance for bikes because it falls within the services sector. If the GST percentage for bike insurance goes up, so does the bike's price.
Follow Us
Other Insurance