There is a drastic change in the bike insurance market, with many new insurance companies providing attractive offers, schemes, and benefits to customers. They have recently come up with a range of features to attract people, retain them, and increase their network. With the internet being a medium to buy insurance plans, the whole process has become fast, easy, convenient, and hassle-free.
A two-wheeler insurance plan offers different benefits and features that make it a preferable choice for working professionals who cannot visit the insurance company’s office for minor issues. You can easily buy it by registering on the website and filling in the required details. After submitting the required documents, you will receive an email from the insurance company with the policy attachment.
The features of the insurance policy are as follows:
- Comprehensive and liability coverage: You have an option of choosing the type of policy. The comprehensive insurance cover protects the bike against damages caused by accidents. It also provides accidental protection to the co-passenger. The liability insurance cover, on the other hand, is compulsory under the Indian Motor Vehicle Act.
- Secure transfer of No Claim Bonus: You can transfer the NCB discount effortlessly for buying a new bike. It is a reward for safe driving practices and for not making claims in the previous years.
- Personal accident cover: You can now benefit from a personal accident cover worth Rs. 15 lakh as an in-built feature of the policy.
- Quick registration online: Insurers and insurance companies provide online policy buying and renewal options through their websites and mobile applications. This process makes it easier for you to fulfil your needs. Since all prior policy claims and additional details are available in the database, you can quickly and conveniently renew the two-wheeler insurance.
Choose from numerous add-ons for your bike or scooter, including Return to Invoice, protection of NCB, etc. If there is a total loss, constructive total loss, or theft of the insured bike, the insurance company will pay for or replace a new two-wheeler of the same make and model.
NCB eligibility will not be affected if you make one such claim in the entire policy period and get the bike repaired in company authorised garage. The insurance policy also offers customised pricing based on your profile. You can also avail yourself of a discount if you are between 25 years and 55 years of age.
Other additional benefits include an extra discount under two-wheeler insurance without a break. The insurance plan will secure you against any legal liability arising out of the vehicle’s use towards third parties arising on bodily injury or the death of a person and any damage caused to third party property.