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Does LIC provide two wheeler insurance in India?

No, it doesn't provide two wheeler insurance. Basically, two wheeler insurance comes under motor insurance and the LIC does not deal in that. LIC is basically offering all life insurance product that includes traditional plans, money back plans, term insurance, endowment plans, whole life plans, etc along with several different helpful riders. Motor insurance is a different form of insurance policy that covers vehicles and in India, it is mandatory to have the same if you own any motor vehicle. But LIC does not deal in the same. LIC is the oldest life insurance company of India. With the experience of many years, the company managed to secure the lives of millions of people. The company understand the need of having a life insurance and caters almost all types of life insurance products to provide complete safety and security. When it comes to eligibility for having life insurance, then all non-residents can easily avail life insurance plans. A few plans can only be availed upon attaining the age of maturity whereas a few plans such as child plans, endowment plans will be liable to offer coverage to the minors under the guardianship who can be a parent or relative. To take the advantage of LIC policy, a person has to submit the application form along with the certificate of age, identity, income and address proof as well. Documents in support of the same can be Adhaar Card, Pan Card, Ration Card, Matriculation Certificate, Income Statement, Passport, Electricity or Gas bill. But there are many other motor insurance companies in India, they provide good two wheeler insurance plans online. You can compare its features and benefits online. Some of the companies areĀ  Bharti Axa Iffco Tokio Baja Allianz National Insurance New India Assurance
Asked by Rohan on 30 Oct, 2018 in Motor Insurance
2
  • 10 Votes Click Above To Vote
  • Accepted Answer
10

No, it doesn't provide two wheeler insurance. Basically, two wheeler insurance comes under motor insurance and the LIC does not deal in that. LIC is basically offering all life insurance product that includes traditional plans, money back plans, term insurance, endowment plans, whole life plans, etc along with several different helpful riders. Motor insurance is a different form of insurance policy that covers vehicles and in India, it is mandatory to have the same if you own any motor vehicle. But LIC does not deal in the same.

LIC is the oldest life insurance company of India. With the experience of many years, the company managed to secure the lives of millions of people. The company understand the need of having a life insurance and caters almost all types of life insurance products to provide complete safety and security. When it comes to eligibility for having life insurance, then all non-residents can easily avail life insurance plans.

A few plans can only be availed upon attaining the age of maturity whereas a few plans such as child plans, endowment plans will be liable to offer coverage to the minors under the guardianship who can be a parent or relative. To take the advantage of LIC policy, a person has to submit the application form along with the certificate of age, identity, income and address proof as well.

Documents in support of the same can be Adhaar Card, Pan Card, Ration Card, Matriculation Certificate, Income Statement, Passport, Electricity or Gas bill. But there are many other motor insurance companies in India, they provide good two wheeler insurance plans online. You can compare its features and benefits online. Some of the companies areĀ 

  • Bharti Axa
  • Iffco Tokio
  • Baja Allianz
  • National Insurance
  • New India Assurance
30 Oct, 2018
  • 10 Votes
    Click To Vote
  • Accepted Answer
  • 5 Votes Click Above To Vote
5

No, it doesnt provide.

30 Oct, 2018
  • 5 Votes
    Click To Vote

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