United India Bike Insurance Premium Calculator

How to Use United India Bike Insurance Premium Calculator?

The United India bike insurance premium calculator is an easy-to-use tool. The bike owner needs to enter the basic details of the two-wheeler, such as the manufacturer's name, model number, engine capacity, vehicle registration date, city, locality, etc.

United India online calculator can be used by following the below steps:

• Visit the official website of Policybazaar Insurance Brokers Private Limited or the United India General Insurance Company
• Go to the option of buying two wheeler insurance
• Enter specific information related to the bike, such as the manufacturer's name, variant model, vehicle registration details, etc.
• Choose the type of coverage preferred for the bike
• Select “Calculate Premium” to get the details of the bike insurance plans available
• Pick add-on covers and also provide details of No Claim Bonus if applicable
• The premium will be calculated based on the details

Benefits of United India Bike Insurance Premium Calculator

Some of the key benefits of using a premium calculator by United India bike insurance are as follows:

· Online Comparison

The United India premium calculator can be utilized for comparing and analyzing various two wheeler insurance plans offered by the insurer to find the most suitable plan. The bike owner can make a better and informed decision while buying the policy with the help of this tool.

· Instant Quote

The bike owner gets an instant quote for the United India bike insurance policy without going through extensive calculations. Besides, it is also a paperless, efficient and quick method. The policyholder can alter the coverage and check its impact on the premium to make the policy more affordable.

· Flexibility

The bike insurance premium calculator is available online. This allows bike owners to access and use it anytime and anywhere across various devices. 

United India Third Party Two-Wheeler Insurance Premium Rates

The following table shows the United India third party bike insurance premium rates:

(Source: IRDAI)

United India Comprehensive and Standalone Own-Damage Bike Insurance Plans Premium

A bike owner can buy United India comprehensive and standalone own-damage bike insurance plans at a higher premium rate. If the insured bike meets with a road mishap, the comprehensive and standalone-own damage bike plans can save the policyholder from financial distress as the insurer will pay for the damages to the vehicle and the treatment of the bodily injuries.

A United India comprehensive bike insurance plan comes with wider coverage along with add-on covers. This makes a comprehensive plan the most expensive bike insurance plan.

Although the United India standalone bike insurance policy also comes with add-on covers, it only provides coverage for the own damages sustained by the insured bike. Nonetheless, the premium for third party bike insurance is lower than a standalone own damages policy.

Factors Affecting Two-Wheeler Insurance Premium

United India two-wheeler policy premium depends on the following factors:

1. Age of the Bike– The higher is the age of the car, the lower will be the premium as the value of the car depreciates with time lowering the liability of the insurer.

2. Type of Coverage– The premium for United comprehensive two wheeler insurance is higher than third party bike insurance because the former comes with wider policy coverage.

3. Insured Declared Value– IDV is the maximum claim amount that the insurer agrees to pay to the bike owner in case of an emergency. Therefore, the higher is the IDV, the higher is the bike insurance premium.

4. Make & Model of the Bike– The premium for a high-end bike is more than a basic bike. Thus, the make & model of the two wheeler also estimates the bike insurance premium.

5. No Claim Bonus– No Claim Bonus is the discount granted by the insurer for not making any claims in the previous policy tenure. The higher is the No Claim Bonus, the lower will be the premium.

6.Modifications- If the bike owner has made several modifications to the bike, such as fitting extra accessories, devices, etc. the premium will be expensive.

7. Electronic Devices- Bikes with advanced features, such as anti-theft devices, can lower the risk of the vehicle getting stolen and thereby, reduces the policy premium considerably.

8. Engine Capacity of the Bike- The engine capacity suggests how powerful the bike is and how costly will the repair be. If the engine has a higher cubic capacity, then the premium will also increase.