There are some obvious benefits of buying your two-wheeler or bike insurance policy online. For one, it saves you the hassle of visiting the centres of different providers in person. Plus, it also lets you choose your preferred plan and provider from the comfort of your home without taking away a lot of time.
But that’s not all - you can also benefit from this move in several other ways. Read on further to find out more about it in detail.
Types of two wheeler insurance
So far as the advantage of buying your bike insurance policy on the Internet is concerned, a lot is dependent on the type of policy you choose to buy. In general, you will need to choose one between the following two options:
● Third party two wheeler insurance: The regulations of the Insurance Regulatory and Development Authority of India make it mandatory for the owners of two wheelers to have a third party insurance cover. This form of vehicle insurance offers coverage against the injury or loss to the property caused by a vehicle owner to any other party. However, it does not offer personal cover.
● Comprehensive two wheeler insurance: The third party two wheeler insurance cover, as stated above, neither covers personal damage to the vehicle nor its theft. To address these problems, owners of bikes or two wheelers opt for comprehensive two wheeler insurance. Optional by nature, it offers coverage to the vehicle against both natural and man-made calamities.
Thus, you can say that comprehensive two wheeler insurance is the elaborate version of the third party two wheeler insurance. Because insuring a two wheeler is mandatory as per the laws in India, the owners of two wheelers, such as bikes, who wish to meet the legal requirement, choose to buy two wheelers third party insurance.
On the other hand, some owners want comprehensive coverage. That is to say; they want coverage against personal damage to and theft of vehicles. Thus, they think about subscribing to comprehensive two-wheeler insurance as it covers these aspects.
Advantages of buying two-wheeler insurance & bike insurance policy online
● Lesser paperwork: The traditional method of buying an insurance policy is time-consuming due to its tedious procedure of documentation. On the other hand, the online process is simple and easy. All one needs to do is visit the website of a provider, and pay securely to buy an insurance policy.
● Easy to compare the policies online: Comparing the policies across different providers is the golden rule for picking up the best option. Doing it online is much easier than doing it by visiting the branch office of a provider in person.
● Enables a buyer to avoid a middleman or a broker: If you choose to buy your insurance policy offline, you will need to pay an additional amount of money as a fee to the broker or middleman. Buying your insurance policy online is your best bet to avoid it.
● Simple and hassle-free renewal of policy: It is simple and easy to renew your bike insurance policy if you subscribe to it on the Internet. You can make cashless transactions from the comfort of your home.
● Easy to amend policy document: If you want to make changes to the policy documents, the online subscription allows you to do it with ease. This way, you can avoid the hassles involved in carrying a file filled with documents.
Final thoughts
From the above, it stands out that buying your bike insurance policy online is a better choice than doing it offline. It is convenient, quick, and secure. Moreover, it saves time and the need to deal with traffic problems. You can also obtain a special discount on buying your two wheeler insurance policy online. If you are planning to insure your bike, consider doing it online from one of the reputed insurance companies in India, such as Future Generali, to get the aforementioned advantages.
