Lohia Bike Insurance

The electric two-wheeler industry in India is at a nascent stage. Despite that, there are some stunning electric bikes available in the market. From ultra-stylish to super convenient, there are lots of options available. Lohia Bikes is one such brand that offers good looking and utilitarian scooters. If you are looking to switch from a fuel-driven bike to a Lohia electric bike or already have one, then you might also want to consider buying all-round Lohia Bike Insurance.

The laws regarding electric bikes in India have been upgraded. Some territories (for example, Delhi) also offer incentives for such bikes. The industry is dynamic. Thus, any direct queries regarding Lohia Bikes or its insurance policy need to be discussed with the bike dealer and the insurance company, respectively. For example, if you are not sure if your electric bike must have mandatory insurance or not or how much does mandatory insurance cost, you can clarify it with the insurance company directly to avoid any confusion.

Inclusions of a Comprehensive Bike Insurance policy are crucial to understanding scenarios in which the insurer will come to your rescue. Such a list can differ from one provider to another. Thus, make it a point to go through the fine print. Here’s a list of inclusions that are usually a part of the Comprehensive Lohia Two-wheeler Insurance policy.

The following list of exclusions will come in handy while understanding whether you should raise a claim for a particular situation or not. If the situation is included as an exclusion, it means that the insurer will reject the claim. These exclusions shall be mentioned in the Policy Wordings of your bike’s Comprehensive Insurance Plan. Here’s a common list of exclusions.

You also have an option to go a step ahead and enhance your wide-ranging insurance cover with add-ons. As the name suggests, these are short policies that ‘add-on’ to the coverage. Note that these can only be added to a Comprehensive Plan, not to the Liability-only plan. You do have to pay an extra premium for such plans but they offer valuable services in exchange. The add-ons for electric bikes might vary from those for fuel-driven bikes. Here are some popular two-wheeler add-ons.

Your chances of a higher claim amount increase with this add-on as it does not calculate depreciation of bike’s parts while settling the claim request.

You can raise a claim and enjoy the advantages of your earned renewal discount (No Claim Bonus) with this add-on.

Insure your regular bike buddy with this cover. It is a Personal Accident Cover for the pillion rider.

Get the invoice value of your bike in case it is damaged beyond repair. Without this add-on, the insurer will offer the bike’s Insured Declared Value and not the higher invoice value.

Get help from the insurance company for situations where the insured bike breaks down on the road.

The claim process need not be riddled with hurdles. Digital-first insurers make the process transparent and convenient. Claims can be raised and settled easily via the online method. Here’s how to go about it.

Step 1: Visit the website and lodge a claim or call and let the insurer know about your desire to raise a claim.

Step 2: Share the details.

Step 3: Share documents or any other information requested by the insurance company or the claims inspector (supervising executive).

Step 4: Select whether you want to settle the claim in a Cashless manner or pay first and then reimburse the amount.

Step 5: Complete the formalities depending upon your chosen claim settlement process.