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Magma HDI Bike Insurance Overview
Magma HDI Two Wheeler Insurance by Magma HDI General Insurance Company Limited is a joint venture between Magma Fincorp Limited and HDI Gerling Industries Versicherung AG Germany. The company provides a lot of general insurance solutions at a single source which includes motor insurance liability insurance fire insurance engineering insurance marine insurance and other miscellaneous insurances like burglary insurance etc. As such the company specializes in almost all forms of general insurance barring health and travel insurance but with a different outlook.
What is a Bike insurance plans
A two-wheeler insurance plan is an insurance coverage taken on the two-wheeler which is compulsory as dictated by law. If one has a two-wheeler one would also need to have a valid insurance cover on the two-wheeler. The two-wheeler insurance cover provides financial compensation to any third party or property if they suffer any injury or harm as a direct consequence of using your two-wheeler. This cover is called a third party liability cover and is a mandatory requirement. If you want to cover your own injuries and damages to your own vehicle you would have to buy a package policy which would provide such coverage along with the third party liability coverage. While a third party cover is legally compulsory opting for a package plan is solely the choice of the policyholder. The package policy would be costly compared to a third party cover because it provides a comprehensive coverage.
Magma HDI Bike Insurance Overview
Magma HDI Two Wheeler Insurance by Magma HDI General Insurance Company Limited is a joint venture between Magma Fincorp Limited and HDI Gerling Industries Versicherung AG Germany. The company provides a lot of general insurance solutions at a single source which includes motor insurance liability insurance fire insurance engineering insurance marine insurance and other miscellaneous insurances like burglary insurance etc. As such the company specializes in almost all forms of general insurance barring health and travel insurance but with a different outlook.
What is a Bike insurance plans
A two-wheeler insurance plan is an insurance coverage taken on the two-wheeler which is compulsory as dictated by law. If one has a two-wheeler one would also need to have a valid insurance cover on the two-wheeler. The two-wheeler insurance cover provides financial compensation to any third party or property if they suffer any injury or harm as a direct consequence of using your two-wheeler. This cover is called a third party liability cover and is a mandatory requirement. If you want to cover your own injuries and damages to your own vehicle you would have to buy a package policy which would provide such coverage along with the third party liability coverage. While a third party cover is legally compulsory opting for a package plan is solely the choice of the policyholder. The package policy would be costly compared to a third party cover because it provides a comprehensive coverage.