Quote Originally Posted by pramod View Post
- Is there any cooling off period like motor insurance?
What is cooling-off period? Are you talking about free look period? If yes this is only in Life Isnurance and few health insurance policies.

- What is the process of claim?
Standard claim procedure you can get on the insurance company website. But I think FIR is must for any claim.

- What are the premium charges?
Premium for a Rs 10,000 bicycle will be Rs 500 and for a Rs 5,000 cycle, it would come around Rs 100. The insurance covers any damage caused to the bicycle by an accident and loss in case of theft.