Technology advancements have made it quicker and simpler to get bike insurance online. However, with an increase in unusual transactions, you should make a few safety considerations while selecting an insurance provider to cover your bike. Prepare to purchase or renew your two wheeler insurance online after verification.
Is two-wheeler insurance required in India?
Per the Motor Vehicles Act (1988), third-party insurance for your two-wheeler is mandatory. Third-party losses cover third-party insurance. Along with that, a comprehensive bike insurance policy offers broader protection against mishaps, theft, and any tragedies caused by nature or humans. *
Advantages of online two-wheeler insurance purchase:
Thanks to digitalisation, two wheeler insurance renewal or purchase has now become easier. Without visiting the office, a vehicle owner can select and compare various two wheeler insurance, online for their bike.
Benefits of buying or renewing bike insurance online include:
- First-hand paperless experience – Some processes have become more straightforward and paperless, thanks to the businesses offering them. Insurance professionals can smoothly walk you through the online purchase/renewal procedure.
- Compare different offers – You can examine different insurance coverages and the cost of each insurance policy before you purchase bike insurance online. Use a two wheeler insurance premium calculator online to find the premium of your desired bike insurance plan.
- Simple renewal process – The online process of two wheeler insurance renewal is now more straightforward. Along with the renewal, purchasing an online bike insurance is equally easy. You can select your desired insurance plan with add-ons, make your payment, and be ready to use the services for the rest of your policy time.
- Constant customer support – The availability of customer care for questions around-the-clock is the most significant advantage of selecting two wheeler insurance online
- Immediate policy issue – After providing the asked facts about your bike, you can finalise your purchase, and receive the insurance update, post verification.
- Zero broker fees – The conventional approach uses agents and mediators and comes with an additional premium. However, because intermediaries and agents aren’t a part of two wheeler insurance online, which eliminates the brokerage fees.
- Direct purchase – In India, you can easily buy or renew bike insurance coverage online through the insurer’s official website or mobile application.
- Secure transaction – Before buying two wheeler insurance online, you can confirm the insurer’s website by looking at the reviews and ratings.
- Making use of convenience – Online platforms have become the most convenient way to purchase or renew a bike insurance policy.
Before buying or renewing two-wheeler insurance online, keep the following in mind:
- Recognise fraudulent offers – To begin with, confirm the insurance provider’s registration status. Insurance Regulatory and Development Authority of India (IRDAI) generally requires that all insurance companies register with them.
- Check the policy’s signature – Ensure your insurer’s approved signature appears on the purchase or two wheeler insurance renewal policy documents.
- Verify with the insurer – For best practice, double-check with the insurer before purchasing or renewing your auto insurance.
- Request a payment receipt -Keep a log of your transactions to know the premium, deductibles, and other fees
- Watch Out for False Information – Be highly vigilant about whether the website’s data and information is accurate before buying a bike insurance online.
Conclusion:
Always verify the details before the purchase or two wheeler insurance renewal. Be cautious and avoid disclosing any irrelevant personal information or bank account information. Always get in touch with your insurer to make a secure payment to be on the safe side.
‘Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.‘
Is It Safe To Purchase Or Renew Bike Insurance Online?
Technology advancements have made it quicker and simpler to get bike insurance online. However, with an increase in unusual transactions, you should make a few safety considerations while selecting an insurance provider to cover your bike. Prepare to purchase or renew your two wheeler insurance online after verification.
Is two-wheeler insurance required in India?
Per the Motor Vehicles Act (1988), third-party insurance for your two-wheeler is mandatory. Third-party losses cover third-party insurance. Along with that, a comprehensive bike insurance policy offers broader protection against mishaps, theft, and any tragedies caused by nature or humans. *
Advantages of online two-wheeler insurance purchase:
Thanks to digitalisation, two wheeler insurance renewal or purchase has now become easier. Without visiting the office, a vehicle owner can select and compare various two wheeler insurance, online for their bike.
Benefits of buying or renewing bike insurance online include:
- First-hand paperless experience – Some processes have become more straightforward and paperless, thanks to the businesses offering them. Insurance professionals can smoothly walk you through the online purchase/renewal procedure.
- Compare different offers – You can examine different insurance coverages and the cost of each insurance policy before you purchase bike insurance online. Use a two wheeler insurance premium calculator online to find the premium of your desired bike insurance plan.
- Simple renewal process – The online process of two wheeler insurance renewal is now more straightforward. Along with the renewal, purchasing an online bike insurance is equally easy. You can select your desired insurance plan with add-ons, make your payment, and be ready to use the services for the rest of your policy time.
- Constant customer support – The availability of customer care for questions around-the-clock is the most significant advantage of selecting two wheeler insurance online
- Immediate policy issue – After providing the asked facts about your bike, you can finalise your purchase, and receive the insurance update, post verification.
- Zero broker fees – The conventional approach uses agents and mediators and comes with an additional premium. However, because intermediaries and agents aren’t a part of two wheeler insurance online, which eliminates the brokerage fees.
- Direct purchase – In India, you can easily buy or renew bike insurance coverage online through the insurer’s official website or mobile application.
- Secure transaction – Before buying two wheeler insurance online, you can confirm the insurer’s website by looking at the reviews and ratings.
- Making use of convenience – Online platforms have become the most convenient way to purchase or renew a bike insurance policy.
Before buying or renewing two-wheeler insurance online, keep the following in mind:
- Recognise fraudulent offers – To begin with, confirm the insurance provider’s registration status. Insurance Regulatory and Development Authority of India (IRDAI) generally requires that all insurance companies register with them.
- Check the policy’s signature – Ensure your insurer’s approved signature appears on the purchase or two wheeler insurance renewal policy documents.
- Verify with the insurer – For best practice, double-check with the insurer before purchasing or renewing your auto insurance.
- Request a payment receipt -Keep a log of your transactions to know the premium, deductibles, and other fees
- Watch Out for False Information – Be highly vigilant about whether the website’s data and information is accurate before buying a bike insurance online.
Conclusion:
Always verify the details before the purchase or two wheeler insurance renewal. Be cautious and avoid disclosing any irrelevant personal information or bank account information. Always get in touch with your insurer to make a secure payment to be on the safe side.
‘Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.‘