Top 5 Benefits of Bike Insurance Online Renewal

According to the law, third party insurance is mandatory for two-wheelers. However, the policy can be extended to protect the vehicle and motorist due to any accident, by opting for a comprehensive insurance against natural disasters such as fire, storm, flood or man-made disasters such as theft, strike, theft etc. loss. Policy.

Buy two wheeler insurance policy online

Two wheeler insurance is an annual contract and has to be renewed every year. It will protect you from third party claims in case of any mishap and will help you stay safe from financial and health care in case of accidents, natural disasters and if the vehicle is totaled. In the current digital age, bike insurance is just a few clicks away to go for online renewal and the process is quick and hassle free.

The benefits of renewing your policy online include:

1) Get online renewal at your convenience.

Since prior policy data has been entered into the database during the last purchase, it is a minimal effort to fill in for a renewal policy.

While renewing your policy:

• Check the correctness of the data such as the insured declare value or IDV of the car, your no claim bonus, etc.

• Check if additional facilities need to be included in the renewal policy like riders etc.

• Pay premium using debit or credit card

And you are through. This bike insurance makes online renewal really quick and convenient!

2) You get the policy immediately.

Unlike earlier times when the policy was mailed to the insurer and took several days to arrive, now as soon as you pay online for the policy renewal, the digitally signed policy is immediately issued to the customer as a PDF document is. You can save it on your system and also take a print out and also maintain a hard copy.

A printout of the policy is as good as the original and the authenticity of the same does not vary. In addition, there is no delay between receiving the premium payment and obtaining the policy document. Therefore, even if you renew your policy at the last minute, you can continue to enjoy your two-wheeler ride without worrying about your policy bond.

3) Selection of coverage.

For two wheelers, it is mandatory to take a third-party insurance as per the Motor Vehicles Act 1961. This makes the vehicle owner safe from third party claims in case of any accident.

However, owners can opt for comprehensive coverage to protect themselves and the vehicle in case of some unforeseen incidents. Additional coverage is also possible for Alien riders when renewing online, and zero depreciation or enhanced coverage for accessories and spare parts. Additional coverage costs a little extra but lasts longer in the direction of protection.

Therefore, if you choose to renew your policy online, you will benefit from the cost of weighing the pros and cons of the riders and reaping the benefits and then choosing the plan that suits your needs!

4) Getting the best bid.

Traditionally, people renewed their two-wheeler insurance policy with the same person who bought it. This was due to sheer convenience.

However, with the online renewal of your existing two-wheeler insurance policy, you can now compare the various plans offered and then choose the option that gives you the best option according to your benefit-benefit analysis. You do not need to depend only on your advisor and trust that he is providing you the best quote. The same can be verified online!

5) Waiver of benefits.

If insurance companies approved by the Insurance Regulatory and Development Authority offer discounts on premiums, if you have installed something like an anti-theft system, Davis. This discount can be availed at the time of online renewal and can be opted for if your vehicle is equipped. With online renewal, all possible options are before you and you can make the most suitable choice accordingly.

Apart from these, some insurers offer cashless repair facilities as mentioned in the renewed policy. Bike insurance online renewal does not require any inspection of the vehicle, nor is any documentation required when it is renewed within 90 days of expiration. Online policy renewal gives you the opportunity to compare the various policies offered and select the one which is most suitable for you. Assistance from the insurer’s call center when you go for online renewal is a service to be added to you.