#1
23rd March 2016, 08:47 AM
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UIIC bike insurance
Hello sir I want to do insurance of my bike from UIIC so can you provide me what are the coverage’s covered in this type of insurance.
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#2
23rd March 2016, 08:48 AM
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Re: UIIC bike insurance
United India Two wheeler Insurance provides No Claim Bonus (NCB) facility up to 50% depending on the number of claim free years. UNITED India Insurance Two Wheeler Insurance Coverage’s United India Two Wheeler Insurance provides two types of coverage’s they are Package policy Liability only policy 1. Package Policy: Accidental by external means Fire, Self ignition, lightning Burglary, theft or housebreaking by paying 3% of the IDV of accessories. Terrorist activity Riot Strike and Malicious damage (intentional Liability only policy: It provides insured’s liability to third parties in case of death or permanent disability of third property. It provides liability for loss or damage to the third-party property. Provides all costs and expenses incurred with the company’s written consent Rate of depreciation in United India Two wheeler Insurance For all rubber / nylon / plastic parts, tyre and tubes batteries and air bags – 50%. For fiberglass components – 30% For all parts made of glass – NIL. Rate of depreciation for all other parts including wooden parts will be as per the following table: Age of Vehicle Percentage of depreciation Not exceeding 6 months NIL Between 6 months and 1 year 5% Between 1 and 2 years 10% Between 2 years and 3 years 15% |