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Which insurance is compulsory for two wheeler

Having third-party insurance is anyway compulsory for all vehicles as per the Motor Vehicles Act, 1988. If you have just bought a brand new scooter or bike and decided to go with basic third-party bike insurance, you will necessarily have to buy a 5 year insurance policy.

Which type of insurance is best for two wheeler?

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.

Which of the insurance is compulsory?

In India, as per the Motor Vehicles Act, it is mandatory that all vehicles that operate in any public space must have a motor vehicle insurance cover. Policyholders must have at least 'third party liability' motor insurance cover even when opting for the basic insurance plans.

Is Scooty insurance mandatory in India?

Under the Motor Vehicles Act, the Government of India has made it mandatory for every bike owner to have an insurance policy.

Which motor insurance is compulsory in India?

There are two types of Car insurance policies, Third party Car Insurance and Comprehensive Car Insurance. As mentioned earlier, a third-party policy is compulsory insurance in India for every car owner.