In India, with increasing traffic and poor road conditions, a two-wheeler is the ideal way of commuting. It can help you commute through congested roads and is relatively easier to maintain than a car.
However, the two-wheeler endures all kinds of road conditions, and getting insurance becomes the need of the hour from the law and financial viewpoints. Before you purchase a two-wheeler insurance, you must know several things to get the best plan. In this blog, we will highlight the key pointers you must assess before buying a two-wheeler insurance in India.
How to Buy Two-Wheeler Insurance in India?
With the advent of technological advancements, buying two wheeler insurance online is an easy process. Here is a step-by-step guide you can follow to purchase insurance for your two-wheeler:
Step 1: Understand Your Requirements
Before you jump to the purchasing process of two-wheeler insurance, you must determine the coverage you require. There are two basic two-wheeler insurance coverages: third-party liability insurance and comprehensive insurance.
You can consider factors such as the age of your two-wheeler, risk profile and riding frequency to determine the adequate coverage you require. Moreover, third-party insurance is mandatory to ride a two-wheeler legally in India, and you can opt for comprehensive coverage for extended protection.
Step 2: Research Insurers and Policies
After determining your insurance requirements, you must research the insurance companies and compare policies to select the best plan according to your insurance requirements. You can look for an insurance company with excellent customer service, a good reputation, and an easy claim settlement process.
In addition, you can use online comparison tools to compare the features, exclusions, inclusions, premium rates, and claim settlement ratios of the policies. It will enable you to select the best plan that offers value for money.
Step 3: Check for Add-On Covers
Once you select the insurance plan, you must check for add-on covers for additional protection at an extra premium. You can weigh the benefits against the overall cost to determine whether the additional protection is a value for money.
For instance, you can add zero depreciation cover, roadside assistance, engine protection, and more as add-ons to your insurance plan. Moreover, you can do a bike insurance check by vehicle number to analyse whether the add-ons are relevant to your insurance requirements.
Step 4: Calculate the Premium Amount
After checking the add-on covers, you must calculate the premium amount using the calculator on the insurer’s website. You can use this online tool to get an estimation of the insurance premium of your selected plan and two-wheeler details.
In addition, you must ensure that you input accurate information in the calculator to receive a precise premium quote. This includes details of your two-wheeler, such as make, model, manufacture year, and registration information.
Step 5: Enter Your Details
After selecting the plan and checking the premium amount, you can proceed to buy your desired policy. However, you must fill in all the details to ensure a smooth buying process. It includes entering your name, address, contact information, and two-wheeler details.
You must double-check the information after filling out all the details. If there is any misinformation, your two-wheeler insurance will not be valid, and you cannot file a claim during an emergency.
Step 6: Review Terms and Conditions
It is crucial for you to read and understand the terms and conditions of your two-wheeler insurance before finalising your purchase. You must check the plan’s exclusions, inclusions, renewal terms and premium amount to ensure everything is according to your budget and preference.
However, in case of any queries or doubts, you can reach out to the insurer’s customer support to seek clarification. It will help you resolve your doubts and queries before making the final payment for the two-wheeler insurance policy.
Step 7: Make the Payment Online
Once you are pleased with your insurance plan and the terms and conditions, you can proceed to pay the premium amount. You can use secure payment gateways provided by the insurer to pay the insurance amount online.
After making the payment, you will receive a confirmation message on your registered mobile number and email address. It will help you keep a record of your transaction for future purposes.
Step 8: Receive Your Policy Document
After processing the payment, you will receive the two-wheeler policy document at your registered email address. Some insurance companies allow you to download your insurance policy directly from their website.
You can verify all the details in the document to ensure they are correct and reflect your selected coverage. Moreover, you can print out your insurance policy on paper and keep it along with your two-wheeler documents.
Final Words
Henceforth, purchasing a two-wheeler insurance in India is a hassle-free process online, thanks to technological advancements. It saves you time and enables you to compare various policies to select the right one from the comfort of your home. Hence, with this guide, you can buy an online two-wheeler insurance plan efficiently.
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