AN EVALUATING STUDY ON AWARENESS AND UNDERSTANDING OF BIKE INSURANCE
DOI:
https://doi.org/10.29121/shodhkosh.v5.i5.2024.2380Keywords:
Insurance, Awareness, RiskAbstract [English]
Insurance is a contract between vehicle owner and the insurance company. The law mandates that every owner of a motor vehicle must have one motor insurance policy. Driving a motor vehicle without insurance in a public place is a punishable offence in terms of the Motor Vehicles Act. Insurance offers a range of benefits that protect both the rider and their investment. It provides financial protection for both the bike and the rider, covers a range of potential accidents and damages, and offers liability protection in case of legal claims. The present study is based on primary collected through Google Forms by circulating in various social media platforms with the objectives of to know the awareness level about insurance and factors consider while buying insurance policy. It has been found in the study is most of the respondent are aware about the insurance policy and most of the respondent considers the extend of coverage of risk by the insurance policy.
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