Two Wheeler Insurance for UM Lohia

Yes. If you are already insured with another service provider and want to access better coverage and quicker claim processing with LGI, you can switch your insurance provider during its renewal period.

A Multi-year two-wheeler insurance policy is the same as standard two-wheeler insurance policies. However, the coverage of multi-year plans is extended beyond one year and can be taken up to 3 years. The premium is paid in one-shot, and the benefits of the coverage can be enjoyed for 2-3 years. The renewal of this policy or annual policy can be done online from our website or mobile app. You will get the option to select add-on insurance protection covers like depreciation cover, GAP value cover, passenger assist cover, roadside assistance cover, engine safe cover, and more, at the time of policy renewal. After the renewal, you will get a soft copy version of the policy on your email.
You can check out complete details related to renewal of your two-wheeler policy here.

Depreciation cover is also known as bumper to bumper bike insurance policy. Zero depreciation cover does not deduct for depreciation, thus offering complete cover. It means that if your vehicle gets damaged in an accident, no depreciation is subtracted from the coverage for depreciation and the insurance company will pay out the entire cost of the body part for replacement. This stays standard regardless of whether the bike insurance is in Delhi, Mumbai, Bangalore or someplace else.