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Bike riders know the sheer thrill and joy of firing the engine up and taking it out for a spin. It is a feeling that stands next to none. And by taking adequate safety measures, you can keep the feeling intact. Before turning the ignition on, ensure that you wear your helmet, safety gear and have a valid two wheeler policy.
A two wheeler policy is an agreement between you and an insurance provider. According to this, the insurer will provide you with cover against repairs and expenses arising out of natural calamities, accidents, or man-made nuisances. In return, you must pay the premium policy on time to the insurance provider.
While there are other variants of bike insurance such as pay-as-you-drive plan, standalone own-damage bike insurance plan for bikes with a valid third-party-only plan as well as bundled plans for new vehicles. However, the most common types are third-party only and comprehensive bike insurance plans.
Also Read: Bike or Two-Wheeler Theft Claim Settlement Process – Step-by-Step Guide
Add-ons are additional features or benefits that you can plug into your comprehensive car insurance policy by paying a small premium. When you buy two wheeler insurance online, you can choose from various add-ons on offer. Here are some of the most commonly sought-after add-ons that you can have access to when you buy two wheeler insurance online.
Some of the most common add-ons are:
Earlier one could buy a bike insurance policy for a tenure of one year only. However, recent changes introduced by the IRDAI ensure that you can now purchase a policy for multiple years. You can now buy the policy for up to three years at a stretch. Whether you buy the policy for one year or multiple years, you compare insurance brokers to make the most of the policy.
When you compare insurance brokers, you get a policy that offers all the features that you need without you having to shell out a lot in terms of premium. And most importantly, when you compare insurance brokers, you will most likely end up with the best insurer.
Also Read: Popular Bikes In India With Their Features
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PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
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