Commercial Insurance
DriveSafe Shield: Safeguarding Your Business on the Road with Comprehensive Automobile Commercial Insurance
Automobile commercial insurance is a type of insurance that provides coverage for commercial vehicles used for business purposes. This type of insurance is designed to protect businesses from financial losses that can result from accidents, theft, or damage to their vehicles.
Automobile commercial insurance policies can vary in their coverage and may include different types of risks. For example, liability insurance can provide coverage for damages and injuries to third parties in accidents involving commercial vehicles. Collision insurance can provide coverage for damage to a commercial vehicle in an accident. Comprehensive insurance can provide coverage for damage to a commercial vehicle due to non-collision events, such as theft, vandalism, or weather-related incidents.
Commercial vehicles can include a range of vehicles used for business purposes, such as delivery vans, trucks, buses, and taxis. Automobile commercial insurance is an important tool for businesses to manage risk and protect their assets. By providing coverage for a range of risks, it can help businesses maintain financial stability and continue their operations in the event of an unexpected loss or accident.
Key Features of NMIC’s Two Wheeler insurance
Paperless Experience
There’s no need to fill out forms or submit documents to buy our two wheeler insurance online. This applies for bike insurance online renewal as well. Just share bike-related information and previous policy details to buy or renew two wheeler insurance.
Instant Claim Settlement
With our online bike insurance process, you receive instant claim settlement. Login to your NMIC account, answer a few questions, and upload the pictures showing bike damage. You will receive the claim settlement amount within a specified number of days.
Low Cost Plans
We eliminate the need for middlemen commissions and other operational costs through our digital infrastructure. It enables us to offer you low-cost two wheeler insurance plans with zero paperwork.
Why do you need Bike Insurance?
- Comply with Law
- Cover against any financial loss
- Protection against third party liabilities
- Cover against natural disasters, fire explosion, self ignition or lightning
- Coverage for bike theft, accident, riot/strikes or any external means
- Personal Accident Cover
Types of Two Wheeler insurance plans available at NMIC
Third Party Bike Insurance Plan
Third-party Bike Insurance Policy is mandated by law in Nepal. It provides coverage against third-party liabilities. In other words, the policy provides financial protection if your vehicle damages another person’s vehicle/property or causes injury/death to a third party in an accident. But third-party insurance for bikes/scooters does not cover loss or damage to your two-wheeler.
Comprehensive Bike Insurance Plan
Comprehensive Bike Policy provides all the coverage offered by the Third-party Plan and also covers damages/losses incurred by your two-wheeler. This type of insurance for bikes covers events such as accidental damages, fire damages, natural disasters (floods, earthquakes, etc.), man-made calamities (riots) and theft of the insured bike.
Riders Medical Cover Plan
This might technically not qualify as a type of plan but it is an essential cover which falls under Comprehensive Bike Insurance Plan. While the insurance for bikes provides coverage against your vehicle, the PA cover offers financial protection against events such as disability/death due to an accident while riding your bike or scooter.
Third Party Bike Insurance vs. Comprehensive insurance
| Coverage | Third Party Plan | Comprehensive Plan |
|---|---|---|
| Damage/Loss to your bike | No | Yes |
| Theft of your two wheeler | No | Yes |
| Damage to Third party vehicle/property | Yes | Yes |
| Third party injury/death | Yes | Yes |
| No Claim Discount upto 50% | Not applicable | Applicable |
| Insured Declared Value (IDV) Customisation | No | Yes |
| Riders Medical Cover | Optional (Needs to be purchased separately) | Included in Comprehensive Plan |
| Cashless Claim | No | Yes |
| Instant Claim Settlement (within 24 hours) | No | Yes for own damage |
| Online Transaction | Yes | Yes |
Why choose NMIC for Bike Insurance?
1. Low cost Plans
With 100% digital transactions, you get your policy instantly. Whether you are buying a new policy or are on our platform for two-wheeler insurance online renewal, the process is quick, simple, and instant.
2. Instant Purchase Renewal
If purchasing or renewing the policy is easy, raising a claim request is even easier. Log in to your account by scrolling up, click the “Claim Now” button, answer the simple questions, upload pictures, and click “Submit”. We will take care of the rest.
3. Hassle-free Claims
Dropped your bike and ended up with a broken mirror? Don't worry; we settle such claims instantly (within 24 hours). In case of significant damages, we try our best to settle the claims within a few days, depending on the severity of the incident.
4. Instant Claim Settlements
Dropped your bike and ended up with a broken mirror? Don't worry; we settle such claims instantly (within 24 hours). In case of significant damages, we try our best to settle the claims within a few days, depending on the severity of the incident.
5. One Platform
We offer a one-stop solution for all motorbike insurance-related services. You can buy, renew, track claims and get a free two-wheeler insurance quote in one place! Our mobile app/ website is all you need for a seamless insurance experience.
6. Zero Hassle
Our digital platforms (website/app) enable you to choose the right coverage, check the premium and get an instant online policy via email without tedious paperwork.
How to Claim your NMIC Two Wheeler Insurance?
Raising a claim request is easy when you have an NMIC bike policy. No need to fill out any claim form and no wait time. Get online and file your bike insurance claim by following these simple steps.
Step 1: Log in to your account via our website or mobile app.
Step 2: Click on the “Claim” button on the Policy Card.
Step 3: Answer the questions regarding vehicle damage and upload images of the damaged two-wheeler. Once done, click the “Submit” button to raise your claim.
Documents required for raising bike insurance claim
- Driver License (DL)
- Updated Blue Book Copy
- Damaged Picture
- Estimated bill
- Bike’s Registration Certificate (RC)
- Proof of identification of the policyholder
- Bike Insurance Policy
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