Bikes are fun to ride, and many prefer two-wheelers as they give them convenience and prove to be a good choice in traffic. These are convenient and, at the same time, riskier. That’s why it is imperative to get an insurance policy for your two-wheeler as soon as possible.
According to the Motor Vehicle Act 1988, a third-party liability insurance policy is mandatory while using a bike. Several insurance companies offer two-wheeler insurance offline and online.
The trend of online insurance policies came recently, yet they gained popularity in no time. Nowadays, traditional ways of buying insurance through an agent are going out of trend, and online insurance policy is setting a new example.
There are various reasons why people prefer taking an online two-wheeler insurance policy. Here are the top 10 benefits of purchasing bike insurance online.
- Time-saving and hassle-free
While buying an offline insurance policy is challenging, with many physical visits, it is very convenient to buy an online insurance policy from the comfort of your home. All you need to do is visit the online website of insurance companies, and in just a few clicks, you can buy an insurance policy of your choice and make an informed decision.
- No need to worry about paperwork
Being an online process, it is significantly less likely that you must go through the exhausting paperwork. No photocopies of documents are required; thus, it saves you a lot of time and hassle. It is the most convenient way to secure your two-wheeler against uncertainties.
- Online comparison of policies
Earlier, this option was not there as going from one company to another was a lot of work. With online insurance, it has become easier to compare policies. You can compare different policies to find out which one suits your vehicle. At the same time, you can compare the coverage offered, incurred claim ratio, premium, etc. Also, you can get an online quotation.
- No intermediary fee makes it more affordable
While in offline policy, insurance companies need to pay the agent an intermediary fee, which is included in your policy, there’s no such need in the online insurance policy. Thus you get your two-wheeler insurance policy at a lower rate than offline mediums.
- You can renew the policy with ease
It is more convenient and hassle-free to renew your policy online, as the insurance companies have your data, making it easier and a task of a few clicks to renew the policy.
- The process is transparent
Offline insurance policies sometimes can prove risky due to a lot of fraudsters in the industry but the online bike insurance policy process is transparent as it is approved by the insurance regulatory and development authority in India (IRDAI). Online legal compliance and help facilitate making the process more transparent.
- Customer care in your pocket
Getting assistance for your insurance policy purchase is way easier online. You can talk to customer care representatives whenever you want, and some insurance companies offer 24×7 assistance for your convenience. Customer care services provide you with both calling and messaging services, and you can choose at your convenience.
- Online reviews can help you a lot
When it comes to online shopping, we all prefer to go through the reviews of a product to gather information on whether the product is worth it. Similarly, reviews on bike insurance policies can help you understand which policy is more opted by people and what makes it better. Reading or asking for reviews also tells you much about people’s experiences with the insurer.
- Easy add-ons available
It is straightforward to add optional add-ons to your Bajaj Allianz bike insurance policy. You can buy additional riders by paying a nominal fee and improve your policy coverage. Add-ons like consumable covers, cover all the consumable items of a bike, like oil filters, fuel filters, nuts and bolts, screws, etc. Add-ons like roadside assistance are essential as they help you if you are stuck somewhere in the middle of a road due to a mechanical breakdown. Other add-ons are key loss cover, zero deprivation cover, engine safe cover, etc.
- Avail the best price
When you compare plans and offers online, you get to know which insurance policy offers you more benefits with less premium, and thus you can avail the best policy for yourself at the best price. The cost of operation of online issuers is also low, which, in return, saves you a lot of money.
It is effortless to buy bike insurance online. With an online bike insurance policy such as Bajaj Allianz bike insurance, you can have an authentic policy effortlessly in no time. You can easily avail of excellent after-sales service in filing a claim, renewing the policy online, and resolving a complaint, while purchasing an online insurance policy.
Pankaj Tripathi is a content marketer with over 6 years of experience. With experience in the industries of B2B SAAS, e-commerce, and the hospitality sector, Pankaj brings a wealth of knowledge to his writing. In his initial role, he supported over 100 writers in creating content for diverse fields such as finance, medicine, insurance, and media and publications.