The two-wheeler insurance market has drastically changed over the time. The insurers have come up with many features for the customers and ensure continuity with them for years. These days, buying bike insurance online is a quick and hassle-free approach. Buying insurance will benefit you in many ways;
- You will enjoy comprehensive and liability coverage.
- You will enjoy a personal accident cover of around Rs. 15 lacs.
- The additional coverage of extra cost will ease the filling up of claims.
- There are innumerable discounts that are made available from recognized automotive associations.
- The insurer has quick registration made on the internet purchase.
In this pandemic, when everything is stopped, online approval or submission for the Bike Insurance Policy is much more encouraged by us.
Bike Renewal Policy Process Online
The options offered by the top brands for renewing your Bike Insurance Policy can be possibly done in just 30 seconds. There is the lowest guaranteed premium and saves unnecessary hassle and costs. Buying and renewing the motorcycle insurance policy will save up to 85% of the two-wheeler costs. There are some common steps that you must follow while renewing the online Bike Insurance Policy:
- You must compare with various 2 wheeler insurance plans from the leading insurers.
- Try to save money through a side-by-side comparison and then choose a plan which fits your financial situation.
- Get assistance from the call center of the top brands offering bike insurance online.
How will you renew the Two-wheeler Insurance Policy online?
To renew the two-wheeler insurance policy online you need to fill-up the form that is made available to the respective company website. The process is way too simple and can be effortlessly done in just 30 seconds. You are required to keep your policy handy along with you. There are certain steps to be done online. It is listed below;
- Select the bike insurance renewal form
- Enter the bike registration details.
- Include all the bike-related relevant information
- Choose the two-wheeler insurance place that you are willing to purchase
- Select the rider or update your IDV as per the requirement. Make sure that your IDV is less than the previous year’s policy
- Once the process is completed you will see the premium amount needed to pay
- You can choose the online payment option for the premium
- Once the payment is done, your Bike Insurance Policy is renewed
As the renewal of the bike insurance is done, all the documents will be emailed to your registered email address. Make sure that you download it and take a printout of it. The valid documents can be shown to the traffic police on the requirement to save yourself from paying heavy traffic fines.
How to renew the Bike Insurance Policy offline?
Those who are comfortable in paying the bike insurance offline; need to visit the insurer’s office at the nearest place. In offline the process is again very simple but you need to invest a bunch of time standing in a queue (if there is a rush or lack of manpower). The concerned person will hand over the new policy immediately if you pay the premium by cash and demand a draft or debit card.
The cheque payment is largely advised to use in offline payment for the premium. It will be mailed to you at your official address. If you want you can buy new add-on covers for it. The steps will be easily followed without any sort of confirmation by contacting your insurer before opting for any additional cost cover.
How will you renew an expired Bike Insurance Policy?
It is not legal to carry an expired two-wheeler policy with you. It is crucial to renew the bike policy before it expires. If at all such a case happens, you need to pay a penalty for any loss or emergency that happens. An inactive policy will have no coverage by the insurer or any legal liabilities this must be clear to you. It is better to take time out of your busy schedule and renew the policy within the speculated time.
Some ways you can update your expired Bike Insurance Policy;
- Switch to the insurer
Often it happens we aren’t much happy with the insurer. This may lead to the delay of the renewal policy. While you are planning to renew it make sure that you switch your insurer. Renewal of the policy coverage for the first time needs the insurers’ involvement. Go to the shop around to find and buy the best deal.
- Go online
Buying a policy over the internet is a convenient way for fast and swift service. Go for the renewal of the motorcycle or scooter like a model, CC, manufacturing year, and so on. Among all the options select the type of two-wheeler insurance plan. You can choose the add-on boost policy coverage from there as well.
- Buy the policy and stay insured
If the insurer is offering an option of a low premium that suits your budget, then go for it. Every insurer will be offering a safe payment option where the confidential details will be kept safe. The payment of the premiums can be done using a credit card, or debit card or cheque or net banking, or even online UPIs. Make sure to collect a receipt or receive a receipt of your policy payment at your mobile ID.
These are simple and useful ways to save you from expanding a huge amount in case of any damage or loss. It is your responsibility to renew your bike insurance when you are a regular two-wheeler rider.
