Benefits of Choosing Two-Wheeler Insurance Brokers for Bike Insurance
.png)
Benefits of Buying Two-Wheeler Insurance from Online Bike Insurance Brokers
The Motor Vehicles Act was amended in 2019. As per the new rules, the penalty for riding your bike without insurance has been doubled. The first time that you are caught riding without insurance would set you back by INR 2000 and/or upto 3 months of imprisonment. The second instance will set you back by INR 4000 and/or another 3 months of imprisonment.
Getting two-wheeler insurance is the easy way out. If you are wondering where to get your next two-wheeler insurance from, insurance brokers build a very strong case for themselves.
Top 7 Reasons of Buying Two-Wheeler Insurance from an Insurance Broker
Here are some prominent reasons why you must consider your next two-wheeler insurance from an insurance broker.
1. Easy Quotes
Insurance brokers make the process of buying a policy easier, with the help of instant quotes from various insurance companies. This ensures that you do not have to visit the website of individual insurance companies.
2. Minimal Paperwork
The amount of paperwork involved in buying a policy online via an insurance broker is minimal. In most cases, you just need to fill an online form and provide digital copies of any additional documentation that the insurer might require.
3. Comparison
One of the major perks of buying a policy with the help of a broker is that you can compare before you buy. As you compare insurance brokers and the policies that they offer, you will end up buying a more affordable policy. You can view policies by different insurers, their premiums, and their coverage. This will help you select a policy that is both affordable and offers good coverage.
4. Instant Policy Issuance
As you buy two wheeler insurance with the help of an insurance broker, you can expect the policy document almost instantly in your mailbox. The online mode of buying policy ensures that you receive the policy within a few minutes of making the premium payment.
5. Choose Add-Ons
You can add riders or add-ons to your policy to increase their coverage and thus effectiveness. An advantage of doing so with an insurance broker is that you can evaluate how each rider impacts your policy premium. Having this information before you buy the policy can make the decision-making process a tad easier.
6. Easy Renewals
Should you buy a policy from an insurance broker, it is even easier to renew your policy later. The insurance broker would remind you of the renewal. And make it easier for renewals if you want to continue with the same policy.
7. Claims Assistance
If you buy a policy with the help of an insurance broker, they will assist you with a policy claim as well. You can inform your insurance broker about a claim and they will help you through the entire process.
The above are some of the most prominent benefits of buying two wheeler insurance from a broker. You will not only find a more affordable policy but also good customer service via an insurance broker.
Author Bio
Paybima Team
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.
Other Motor Insurance Products
Latest Post
Taxpayers should know more about Section 139(1) of the Income tax act since it is the section under which they have to file their returns if they have missed filing within the due date.
Have you ever caught yourself lost in illusions about your daughter's future events, such as her university convocation and first day at work? Her university convocation. When she embarks upon her initial job after graduation will be the day.
In a country where medical inflation is rising rapidly, securing a comprehensive health coverage plan for the entire family is no longer optional, it is essential. Selecting the right health insurance requires careful evaluation of multiple factors, not just premium costs. A well-chosen plan ensures financial security, access to quality healthcare, and peace of mind during medical emergencies.
Term insurance is an important investment. However, with the availability of so many insurers offering term plans, it becomes difficult to select the best term plan to suit your needs. Buying a term plan needs some consideration and research on the part of the policyholder. In this post, let us discuss the best term insurance providers in India.
.png)
When you sign up for a life insurance policy - whether it’s a traditional term insurance policy or a ULIP – you are not just buying peace of mind. You are also trusting the insurer with your money. So naturally, you would want to know: How is that money being managed? And more importantly, how is it being protected from risky decisions?
Speak to our Advisor
+91
By clicking the button, I authorize Paybima advisor to contact me via SMS, Email, Phone, WhatsApp or any other modes overriding my 'DND'.T&C Apply.