Here’s How You Can Benefit by Purchasing Two-Wheeler Insurance Online

There is an increasing preference for all things digital is the last decade. With social distance becoming a mandatory norm, there is even more reliance on choosing the online route for all your purchases—be it clothing, groceries or even financial services like loans and insurance.

A two-wheeler insurance is mandatory requirement for all two-wheeler owners. Of all the different types of insurance plans you can buy, a third party bike insurance is the bare minimum requirement. Hence, you need to abide the law and get a policy with at least third-party coverage. Alternatively, you can also purchase comprehensive plans that offer a broader coverage safeguarding any damages to your bike. Both these insurance plans can not only be purchased offline from an insurance agent or the branch of the insurer, but also online directly from the insurance company. Here are some of the benefits of buying bike insurance online in comparison to the offline mode:

Comprehensive research

The main advantage of purchasing a bike insurance online is comprehensive research. The first thing you look, or spot isn’t the one you always buy. As a prudent buyer, comparing the different available options is a smart way to going about the buying process. The same is the case even for bike insurance plans. You must research the different policies before making a choice and doing so online helps in this shortlisting process. Moreover, different terms and features of the policy can be compared to make an informed decision. *

Affordable premiums

The online channel eliminates all middlemen and directly connect you with the insurance company. Thus, due to a change in the participants involved in buying a policy, lower operational costs are required in form of commissions and impacts the bike insurance price. In addition to that, a bike insurance premium calculator can come handy in comparing the different premiums based on the policy features. *

Quick purchase

Buying an insurance policy using the online route doesn’t take much time. With a click of a few buttons, you can instantaneously get the delivery of the policy to your mailbox. With no paperwork, the time lag in issuing an insurance plan is brought down to minutes. While all of it at the convenience of you couch. Without having to leave your home, your bike insurance policy is renewed thus making the entire process hassle-free and seamless. Nowadays, a few insurance companies even permit buying bike insurance using mobile applications. *

Hassle-free claim settlement

Raising a claim what otherwise is regarded as an arduous process is now simpler with online two-wheeler insurance. The problems related to documentation, co-ordination and even reimbursement no longer exist and facilities like cashless claims and instant settlement smoothen out the logistics of an insurance claim. *

* Standard T&C Apply

Other than the above-mentioned points, online purchase is convenient and effortless. Buying or renewing an insurance covers requires providing a few basic details concerning you, the policyholder, and your vehicle. Moreover, there is transparency of information as there are no middlemen when buying a policy online. With these benefits of an online insurance purchase, take a step into digitising your two-wheeler insurance renewal and purchase. Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale.