Two Wheeler Policy Overview And Google Cloud Computing


Insurance Two Wheeler Policy Overview

The National Insurance Company is India's largest and oldest general insurance company that offers customized and comprehensive insurance plans. It is the only public sector general insurance company to initiate product optimization of both corporate and rural insurance plans. General insurance of this group is an important area where the company promises to deliver a product that meets the needs of the common man. There are multiple insurance plans such as motor insurance plans, two wheeler insurance plans, health insurance plans, rural insurance plans, industrial insurance plans, commercial risk insurance plans, personal accident plans, home insurance plans and other types of insurance, which tailors and customers. Friendly and fully transparent

Here we will discuss about the National Insurance Two Wheeler Insurance Plans.

Why two wheeler insurance plans are required?

Two-wheeler vehicles have always been considered important assets of our lives. But driving a two-wheeler vehicle is always dangerous and really risky and we always have to be careful and cautious. But accidents can happen at any time due to not following traffic rules or due to some untoward incidents. And this is the reason why auto insurance plans should be availed to protect yourself and cover all unexpected expenses. Not only that, but natural disasters can also happen at any time and protection against such an unpleasant event is also very important. So it is of utmost importance to avail the car insurance plan because:

  • Protecting a two-wheeler vehicle is one of the most important assets and investments.
  • Plans allow payment of medical bills in case of accident.
  • In case of accident related litigation the insurance company will take care whether the car insurance plan has been availed.
    • This plan protects assets lost due to litigation for which the person has worked hard. And the plans hold the insurance holder to ensure the best value to be paid to the person.
    • The car insurance plan pays not only for accidents and natural disasters but also for theft and vandalism. Plans are very well designed and are customized to meet the requirements.

    Eventually; When the insurance holder walks out with his two-wheeler there is peace of mind. He knows that he has car insurance plans which will take care of him and the car in case of any unforeseen circumstances.

    Every two-wheeler owner must have an insurance plan that provides coverage for third party injury, death or property damage. Therefore, National Insurance provides a comprehensive two-wheeler insurance plan that protects the vehicle from any untoward incidents. Two-wheeler insurance plans should be chosen very carefully so that the plan covers the safety of self and vehicle.

    Why take a National Insurance Two-Wheeler Insurance Policy?

    • National insurance two-wheeler insurance plans have some unique features and benefits which are as follows:
    • Low cost insurance plans with customized coverage are available.
    • Fast and hassle free cashless claim service is available.
    • A no claim bonus is also available.
    •  Swift and faster claim settlement process.
    • One can find the claim status online.
    • The existing No Claim Bonus can be transferred from any other insurance company. Here we will see the overview of the National Insurance Two-Wheeler Insurance Plan.

    National Insurance Two-Wheeler Policy Coverage

    There are two types of covers which are available under the plan, namely:

    • Liability only cover: This plan is against any legal liability after an accident. It covers the risks mentioned below: Package Cover: Under this plan, it covers all the liabilities as per the Motor Vehicles Act, as well as the losses caused by the vehicle. It is a comprehensive motor plan covering the risks of third parties and loss of own vehicle, co-passenger or self. The following reasons are included in the plan due to loss of own vehicle to the insurance holder:
    • Third party injury or death
    • Property damage (Third party property damage up to Rs 7.5 lakh)
    • Whirling, housebreaking or theft in the house: This plan covers expenses that have to be incurred under burglary, housebreaking or theft.
    • Fire, explosion, self-ignition or light: This plan covers the expenses that a fire, explosion has to bear.
    • Malicious Act: The plan also includes malicious acts.
    • Terrorist Act: Human activities of terrorists have also been included in this plan.
    • Riot and strike: Under this plan, riots and strike are also included. Earthquake and fire: both land
    • Kamp and fire are considered the most common occurrence in the life cycle
    • Therefore, this plan also covers these two important unpleasant events.
    • Incidents involving external means.
    • Natural disasters like flood, typhoon, hurricane, hurricane, cyclone, hail, storm and inundation have also been included under this plan.
    • Landslide or Rockslide is covered under the package plan.

      Subject to depreciation deduction at the rates mentioned below in respect of parts:

      I) For all rubber / nylon / plastic parts, tires, tubes and batteries - 50%
      Ii) For fiber glass components - 30%
      Iii) For all parts made of glass - zero
      Iv) Depreciation rate for all other parts including the wooden parts as per the schedule given below:

      The important exclusions are as follows:

      • consequential loss
      • Wear and tear
      • Driving with an illegal driving license and alcohol consumption
      • Civil war, loss due to war
      • Use over personal purposes and limitations
      • Use over specified limits
      • Damage to tires and tubes until the two-wheeler vehicle itself has been damaged. Under this plan, the company will pay only 50% of the replacement cost.
      • Loss or damage to goods due to house breaking or theft
      • Any accidental loss due to consumption of alcohol, drugs.

      Cloud computing is the remittance of the required computing services such as storage applications, managing tools, and processing power generally over the world wide web and on a spontaneous basis.

      How does cloud computing operate?

      Instead of having their own computing facility and establishment and data center, firms and businesses can rent an approach to a wide array of services such as applications, management of data, storage, and retrieval.
      A major plus point of deploying cloud computing services is that companies can steer clear of the outright cost as well as the burden and entanglement of owning and managing their Information Technology infrastructure, and can instead more conveniently pay for the services they make use of, as and when they use it.
      Therby, cloud computing service providers can gain from major economies of scale by rendering the exact services to a diverse group of customers.Cloud computing services occupy and render a wide range of options in recent times, such as the fundamentals of storage, managing, and processing of power. It also offers networking services, natural language processing, as well as AI.

      Almost any service which does not need you to be present physically near the computer hardware that you are on at the moment can be delivered through the cloud services.
      Cloud computing bears a huge number of services. Which entails consumer services such as Gmail or the cloud storage of the photos on your mobile phone, the services which enable big enterprises to flag all the data and power all of their applications and software in the cloud. 

      Companies like Prime and Netflix banks on cloud computing services to operate their streaming service and their other business facets as well.Cloud computing is becoming the basic norm for the majority of apps and software.

      A principle notion behind cloud computing is that the place or origin of the service, and many of the technicalities like the hardware or the system on which it operates, are mostly not relevant to the consumer. Bearing this idea in mind that the phrase cloud was taken from schematics belonging to the telecom agencies. This is a broader and generalised though; for most consumers location of the data and the provided services continue to be a crucial issue.


      The phrase cloud computing has been used since the beginning of this century, although the notion of computing as a provision of services has existed for a very long time now  – dated back to the 1960s, during the time software bureaus would permit firms to buy services on a mainframe, instead of having to buy it independently.

      Such time-allotting services were majorly outweighed by the growth and prevalence of the PC which made it affordable and easier to own a computer, and thereby the rise of software data points where firms would store huge chunks of data.

      Although, the idea of renting access to software power has re-emerged over and over again –  in the realization of service providers, utility service, as well as grid computing. 

      This was then consecutively followed by cloud computing, which majorly took stance with the launch of computing and software as a service.

      Establishing the infrastructure to back cloud computing currently accounts for more than one third of the entire IT expenditure globally, according to the latest report from ITC. At the same time, expenditure on the conventional, internal-based IT goes on to stoop as the major software load gradually goes on to transfer to the cloud, whether it be private clouds fashioned by firms individually or public cloud services provided by software vendors.

      451 Research advocates that around a third of firm IT and software expenditure this year shall be on rendering cloud activities and hosting “suggesting a continual dependance on outside sources of management as well as development and application”. Prominent analyst Hartner forecasts that most of the global firms deploying the cloud presently will completely indulge in it by 2022.

      Cloud computing can be compounded into three varied cloud computing paradigms. Infrastructure-as-a-Service (IaaS) is the basic building blocks of computing which has the provision of renting manual or digital servers, management and storage. This is luring to firms that wish to create software and applications from the scratch and want to be well in-control of almost all the components themselves, although it does take the enterprises to hold the technical prowess and skills to set up services at a professional magnitude. Research by RTP suggested that eighty percent of IaaS consumers believed using online interface makes it convenient and open to creative models, is less time consuming to use latest services and applications and had considerably reduced the cost of maintenance.

      Platform-as-a-Service (PaaS) is the following set up as well as the basic storage, management and digital servers this too shall pertain the applications and softwares which the designers require to tailor applications.

      Software-as-a-Service (SaaS) is the rendering of applications-as-a-service, mostly the edition of cloud computing that a lot of users are habituated to on a daily basis. The basic operating system and the initial hardware is not to concern the ultimate consumer, who will consume the service through an software application or a web search engine; it is mostly purchased on an individual basis depending on the services utilized.

      As per the researchers ITC SaaS currently is and shall continue to be the most in-demand cloud computing paradigm present in the medium term. SaaS expenditure comprises of application management as well as infrastructure software, and ITC said that the expenditure will be held by applications sales, which will comprise majority of all public cloud expenditure annually. 

      Enterprise resource management (ERM) applications at the same time the Customer relationship management (CRM) will hold more than eighty percent of all cloud applications.

      The multiplicity of applications seen and rendering of the services and networking via SaaS is massive and one can expect a sustainable growth and advancement in the near future.

      Google Cloud Platform is most importantly a public cloud-based system, the services of which are rendered to the consumers on a spontaneous basis, via the service elements.

      A public cloud permits one to use its resources to their full potential to strengthen the applications that have been established, at the same time to reach out to a diverse base of consumers.

      Even though Google provides a digital machine hosting service akin to, and in competition with Amazon Web Services (AWS), its basic service paradigm is surrounded around the advancement and deployment of latest and modern and efficient applications.

      Google Cloud Platform’s game plan for competing on cost is to basically provide discounts for long usage as well as for committed and customized usage.

      The aimed core consumer for Google Cloud Platform at the moment occurs to be the business – small, medium, and large, which is very well-established and all-in for it venture to modern application paradigms, and requires a more  competent and cost-efficient method of using them.

      Google Cloud Platform basically provides computing resources for operating software applications on the world wide web. It holds expertise in allocating a space for individuals as well as firms to establish and operate software, and it uses the internet network to associate and communicate with the consumers of this software. Picture hundreds of thousands of websites running on a network of “hyperscale” data points, and maybe then will you get a basic understanding.

      So what exactly do you actually do on a cloud platform, and why choose only Google’s cloud platform. You make use of a cloud platform when you need specific services to provide to your consumers, your users, or your colleagues to represent on an application versus a webpage. Supposedly you wish to enable homebuilders calculate the size, measurements and structure of the shelves they would require to refurbish a room. Maybe you are examining the conduction statistics of athletes competing for a local sports club, and you require keen and detailed analytics to come to a reliable conclusion. Or you would be skimming through tens of thousands of materials of archived newspaper sheets, and you require to create a scannable index that dates back to decades.

      You deploy a cloud platform like Google Cloud Platform if you wish to create and operate an application that can fully use the qualities of hyperscale data centers in a useful way to reach out to the concerned people worldwide. You do not pay for the usage of the machine rather you pay for the resources and tools the machine needs in order to render the outcome.

      Therefore Google’s Cloud Computing and its services is the norm for major enterprises and will continue to thrive in today’s age of digitalization and networking.


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