Here are 4 numbers that reinforce the need for bike insurance

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Here are 4 numbers that reinforce the need for
bike insurance
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Bike insurance is extremely important. It helps
you walk away from the financial costs of an
accident relatively unscathed. Given this fact,
youd think that all bike owners would take it
seriously right? But thats not the case many
completely neglect their Two Wheeler Insurance
Online once it expires. In fact, out of the 19
crore vehicles in India, only 8.26 crore are
insured meaning that close to 60 of all
vehicles in India are uninsured, a majority of
which are bikes.
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This is an alarming figure we felt the need to
further highlight the need for motorbike
insurance. Not through words, but through stats
figures. After all, numbers dont lie and we hope
the numbers mentioned in this article help drive
home the importance of two wheeler insurance.
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The first number is 3. Thats the number of
months you could be locked up for if you get
caught riding without bike insurance. Though it
is unlikely to happen, it is still a very real
possibility. We thought we should open with this
number to let people know what they are risking
every time they defer their 2 wheeler insurance
renewals.
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The second number is 1000. If you dont get hit
with 3 months of jail time, you will be slapped
with a fine of Rs. 1000. The surprising bit here
is that it people dont mind paying this amount
even though renewal of basic third party
insurance would cost much less than this. Sure,
you might not get caught, why endure the stress
of seeing a cop when youre riding without valid
insurance? Just get the insurance and ride with
complete peace of mind!
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The third number is 70. One way to ensure it
doesnt happen to you is to install the right
safety features. However, even that wont stop a
determined thief and the best way to protect
yourself from such an event is to get
comprehensive motorbike insurance. It will ensure
you get compensation for a stolen bike and can
smile in the face of a stolen vehicle.
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The fourth number is 4,64,910. Thats how many
accidents happened in India in 2017. We are
expecting the number for 2018 to around the same
number, maybe a little lower. Among these 4 lakh
plus accidents, around 1.4 lakh of them were
fatal and a majority of these fatal accidents,
around 40k to be a little more accurate, were
bike accidents. Bike riders are exposed to the
most risk, a fact that only highlights the
importance of two wheeler insurance.
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Hope this has been helpful, good luck and ride
safe!
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