Two Wheeler Insurance in Nagpur

The Motor Vehicles Act of 1988 has made it necessary for all vehicle owners to purchase at least a third-party insurance policy. This helps people get financial cover in case of an accident or mishaps.

It is all the more essential, especially if you are a bike owner in a city like Nagpur. By population, it is the 13th largest city in India and one of the fastest growing cities in the world. The delay in developmental projects, traffic irregularities, heavy footpath encroachment and increased vehicle number often contribute to regular traffic congestion and accidents.

To avoid any major mishaps while riding, you should go for a bike insurance plan.

If you are looking for a two-wheeler insurance policy in Nagpur, consider getting one from Digit. It offers three types of bike insurance policies that can financially safeguard you in a variety of scenarios. To know about them in detail, keep reading this article.

Nagpur–the winter capital of Maharashtra and the orange city of India, is the third-largest city in the state and 13th most populated city in India. According to the Oxford Economics Report, Nagpur is projected to report an average growth of 8.41% for the period 2019-2035 (1).

The city is highly commercial for its orange cultivation, vineyards and many more along with a strong political centre at the Vidarbha region. The city is also known as the Tiger Capital of India or the Tiger Gateway of India as many tiger reserves are located in and around the city. It also hosts the regional office of National Tiger Conservation Authority.

Challenges faced by Two Wheeler Owners in Nagpur

• Delay in completion of developmental plans - Several mega-projects (including Nagpur metro and flyovers) in line with the ongoing developmental activity have caused severe traffic congestion in the city as these projects are long term based and require time for completion. Further, the issues are enlarged with the growing migration of rural population to urban societies for employment opportunities. Actions in terms of re-layout and re-building of faulty engineered roads have also not completely reduced the accidents.
• Increased road accidents - Riding a two-wheeler in Nagpur has become a major challenge concerning issues like congestion, parking problems, vehicular pollution, and bumper to bumper traffic and mass dumping of debris all around the city. According to traffic police statistics, Nagpur recorded 780 fatalities from road accidents for the period 2016-2019. Also, the commercialization of the city brings a frequent movement of heavy vehicles even on the by lanes of the city increasing the chances of mishaps.
• Growing vehicular congestion - The absence of effective transport mechanism, the mass influx and increased pollution have created an aversion for public transport in the minds of commuters. This makes commuters want to turn to private vehicles. In 2018 alone, 13.3 lakh two-wheelers were registered in Nagpur. The traffic infrastructure is depleting, and the pressure is increasing day by day. Additionally, the bumper-to-bumper traffic increases the probability of dents, accidents and dashing into other vehicles.
• Parking problems - a big hassle: Another big challenge in the city is parking, especially on the stretch between Jhansi Rani and Variety Square, which is projected to decrease once the metro is fully functional. Apart from this, the city also faces unsynchronized traffic signals, damaged footpaths and encroachments which pose some serious predicaments for daily commuters.

Digit offers online two-wheeler insurance purchases with zero hassle in paperwork, claim settlements, assistance and much more. It is one-touch magic! What more does one aspire than a quick insurance cover? No agent business? No paperwork? No long queue? 

Choice of bike insurance policy available with Digit:

• a) Third-party Bike Insurance Policy: When you are at fault to cause bodily injury or property damage to a third-party, this policy will pay for the third-party claim on your behalf.
• b) Comprehensive Bike Insurance Policy: This policy covers the own damage to your bike caused by accidents, natural calamities, fires, theft, etc and takes care of your third-party liability as well.
• Say bye to heavy fines: Since the amendment in the Motor Vehicle Act, penalties and fines regarding any traffic violation have been increased manifoldly as a measure to curb traffic irregularities. The fine for the offence of riding without insurance is Rs. 2000/- and/or imprisonment of 3 months. So, you must have a third-party insurance policy before you start riding.
• Get protected with comprehensive policy: Considering the traffic challenges in Nagpur like increasing congestions, damaged roads and growing accidents, your bike always stays vulnerable to face damages. So it is wise to go for a comprehensive policy which can be loaded with multiple add-ons to extend the protection.
• Add-ons suitable for Nagpur: With the alarming number of fatal accidents in this city the Personal Accident Cover is a must to have in Nagpur. This takes care of your financial obligations in case you suffer from permanent disability or death in an unfortunate accident. To get most out of your bike, the Zero Depreciation cover would be a great asset wherein any depreciation to the spare parts will be waived off during settlement of the claim. Being a tier II city where people still do not carry a huge sum of money, Digit offers breakdown assistance and cashless repairs across its chain of garages. What would be more helpful in crowded traffic, if the bike breaks down and the company even offer pickup and drop with no hassle for payment?