When it comes to bike insurance online in India, it’s no secret that two-wheelers are the most common mode of transportation. However, despite their popularity, many two-wheeler owners in India are uninsured, making them vulnerable to financial losses due to accidents or theft. To address this issue, the Tamil Nadu government launched the Amma Two Wheeler Insurance Scheme, which provides affordable and comprehensive insurance coverage to two-wheeler owners in the state. In this article, we will discuss what the Amma Two Wheeler Insurance Scheme is and how it works.
What is Amma Two Wheeler Insurance Scheme?
The Amma Two Wheeler Insurance Scheme is an initiative of the Tamil Nadu government launched in 2018, which aims to provide affordable and comprehensive insurance coverage to two-wheeler owners in the state. The scheme is named after the late Tamil Nadu Chief Minister, J. She was fondly called “Amma” by her supporters. The scheme is implemented by the Tamil Nadu State Transport Corporation (TNSTC) and is available to all two-wheeler owners in the state.
Coverage Offered by the Scheme
The Amma Two Wheeler Insurance Scheme provides coverage for third-party liability, personal accident cover, and own damage to the insured vehicle. The coverage is available for a period of one year and can be renewed annually or can buy bike insurance. The scheme offers the following benefits:
Third-Party Liability
The scheme provides coverage for third-party liability, which means that if the insured vehicle causes any damage or injury to a third party, the scheme will cover the financial liability.
Personal Accident Cover
The scheme provides personal accident cover to the owner/driver of the insured vehicle. In the event of an accident, if the owner/driver suffers any injuries or disabilities, the scheme will provide compensation.
Own Damage Cover
The scheme also provides coverage for own damage to the insured vehicle, including damage due to accidents, natural calamities, and theft.
Premium and Claim Process
The premium for the Amma Two Wheeler Insurance Scheme is fixed by the government and is significantly lower than the premiums offered by private insurers. The premium for the scheme varies based on the cubic capacity of the vehicle. The premium for a two-wheeler with a cubic capacity of up to 75cc is Rs. 300, while for a two-wheeler with a cubic capacity between 75cc and 150cc, the premium is Rs. 600.
The claim process for the Amma Two Wheeler Insurance Scheme is simple and straightforward. In case of an accident or theft, the insured vehicle owner can file a claim with the TNSTC, which will process the claim and provide the necessary compensation.
Conclusion
The Amma Two Wheeler Insurance Scheme is a noble initiative by the Tamil Nadu government to provide affordable and comprehensive insurance coverage to two-wheeler owners in the state. The scheme provides coverage for third-party liability, personal accident cover, and own damage to the insured vehicle, at a significantly lower premium than private insurers. The claim process is simple and hassle-free, making it easy for insured vehicle owners to file claims and receive compensation.
FAQs
Who is eligible for the Amma Two Wheeler Insurance Scheme?
All two-wheeler owners in Tamil Nadu are eligible for the scheme.
What is the premium for the Amma Two Wheeler Insurance Scheme?
The premium varies based on the cubic capacity of the vehicle, with a minimum premium of Rs. 300.
Is the coverage provided by the scheme comprehensive?
Yes, the scheme provides coverage for third-party liability, personal accident cover, and own damage to the insured vehicle.
Can I renew the coverage under the Amma Two Wheeler Insurance Scheme?
Yes, the coverage can be renewed annually.