Two Wheeler Insurance in Ranchi

Ranchi is rapidly witnessing a massive economic and commercial growth that is leading to a rise in its population. This is, however, contributing to higher population, traffic congestion and fatalities. On top of that, rash driving and illegal parking and thefts are quite common.

Considering all this, it can be dangerous to ride your bike without a two-wheeler insurance policy in Ranchi. Also, the Motor Vehicles Act 1988 mandates that all vehicle owners of the country must insure their vehicles against third-party risks.

If you are looking forward to purchasing a two-wheeler insurance policy, turn to a trusted insurance provider like Digit. You can choose from third-party, stand alone and comprehensive bike insurance policies to cover the losses and damages caused during an accident or mishap. You can also benefit from online claim settlement and 24/7 support.

Keep reading to know more about these insurance policies.

Following are the two wheeler insurance add-ons available in Ranchi:

• Zero Depreciation Cover
• Return to Invoice Cover
• Engine & Gear-box Protection Cover
• Consumable Cover
• Breakdown Assistance
• Tyre Protect
• Daily Conveyance Benefit
• EV Shield Add-on Cover

Ranchi, the capital of Jharkhand, is the administrative hub of the state. Ranchi is an upcoming Smart City, with many parts of the city seeing rapid growth in its economy and resources. Due to the increased development and improved urbanisation, more and more people have been migrating into the city for better opportunities and living conditions.

The migration to the city has created pressure on its roads. With the administration not rising up to ease up the pressure, Ranchi’s roads have become a danger in disguise. Following are some problems faced by both riders and drivers on the roads of Ranchi.

Challenges faced by Two Wheeler Owners in Ranchi

• Increased Fatalities on National Highways: The rising number of fatalities in two-wheeler accidents on highways are increasing alarmingly. National Highways sees most of the fatalities mainly because of the rash and irresponsible driving from the driver’s part. In April, two bike riders died on the spot on NH-33 after colliding with a bus. Many such instances have been making the headlines lately.
  
• Rash Driving on the roads: The data of the Ministry of Road Transport and Highways (MoRTH) reports that in 2017, 443 people lost their lives in Jharkhand with the major reason being irresponsible driving, traffic violations and drunk driving. Also, illegal settlements across the busy areas by daily hawkers and nomadic people increases the propensity of accidents.
  
• Traffic Congestion and Poor administration: Ranchi is the administrative and educational hub for Jharkhand. With a large student population, the city also witnesses two-wheeler accidents of youngsters between the ages of 18-25. The majority of these cases involve third party damages and high fatalities. In terms of administration, many major accident-prone areas lack proper traffic signals and traffic constables to manage the traffic, leading to commutation issues.
  
• Illegal parking leading to Theft: With no properly demarcated areas for parking, most driver’s tend to park their vehicles in unsafe, theft-prone areas. This is a  major reason for the theft. Areas near colleges, hostels and canteens are also an easy target for the robbers.
  

With Digit, your biggest hassle with insurance will be uprooted. The benefits are manifold ‒  ease of claim process, 24*7 service, a huge network of cashless garages, transparent policies, high claim settlement rates, customizable IDV, low premiums, etc.

• Choice of plans: Digit offers two types of two-wheeler insurance policies.
• a) Comprehensive Insurance Plan - This policy covers your third-party liability while paying for damages caused to your own vehicle. It also covers damage caused due to natural calamity, accident, fire, and theft, etc.
• b) Third-Party Insurance Plan: This is the minimum legal insurance you need to have which will pay for the property damages and bodily injuries caused to the third-party by you.
• Avoid heavy fines: The traffic fines are elevated in the amendment of MV Act in September 2019, and now the fine for riding without insurance is ₹2000. If you are repeatedly caught for the same offence, you can be slapped with a fine of ₹4000 and can even lead to your imprisonment.  You will also be liable to have your licence cancelled. So, if you don’t want own damage cover, stand-alone third party insurance can fulfil your legal mandate. 
  
• All-round protection with the comprehensive plan: With a heavy propensity to accidents and third-party faults and other challenges in Ranchi, the comprehensive insurance policy becomes crucial. This policy is able to cover the damages to your two-wheeler which is not possible if you are opting for a stand-alone third-party policy. Again, you can customize this with many add-ons to broaden the scope of coverage.
• Personal Accident Cover: Considering the fatality in road accidents in Ranchi, the “Personal Accident” cover is highly recommended as it will take care of your financial liabilities if you suffer from a permanent disability or death in an accident. Unlike other add-ons, this can be purchased with a third-party or comprehensive plan.
• Suitable add-ons for Ranchi: The issue of theft makes the “Return to Invoice” cover unavoidable. Ranchi being at high altitude, experiences extreme summer, rainy and winter conditions which hamper the vehicles’ life. So “Zero Depreciation” cover is also a good fit. You can explore add-ons like the consumable cover, breakdown assistance, etc.