How to Check if Your Two-Wheeler Insurance Policy is Genuine or Fake?

If you want to buy a bike insurance policy, the best option is to search for it online and buy it without any hassle. This is because while buying policies online, you can compare several plans and buy the one that suits your needs best. But, when it comes to buying insurance online, there is always a doubt in your mind whether the policy is genuine or fake. So, how do you find out the authenticity of the insurance company or that of the car insurance policy? We are discussing some such points in this post to help you check a genuine insurance bike plan.

Bike Insurance Online Check: How to ensure that your bike insurance plan is genuine?

The most important thing that you can do to check the authenticity of your bike insurance policy is to buy it from a genuine insurer or insurance broker. Many people have this tendency to buy plans from unknown sources just to save some money on premium. These people, many times, get cheated by fake insurance policies sold by fake sites.  Though the genuineness of the policy cannot be made out at the time of buying the plan, when you raise a claim you come to know if the plan is real or fake. So, below are certain tips to help the insured understand if your two-wheeler insurance policy is legal or is it fake.

Get in touch with your insurer through their toll free number

To check the authenticity of your insurer, you can connect with them online through chat or through phone call in their toll free number and get your bike insurance policy checked. You also have the option of visiting a branch office if you want to get your bike insurance policy number checked and to find out if your insurer is fake or genuine.

Ask for receipt of transaction

Always make it a point to seek receipt of the policy you bought and the payment you made. Seek receipts for premium payment as well whenever you make a payment. Whether you are buying an offline or online policy, make sure to ask for receipts.

If you are buying offline, check the authenticity of the agent

Though buying vehicle insurance online is the most convenient mode. However, there are many people who still like to buy insurance via offline agents. Buying it from a person sitting in front of them makes them more comfortable than buying from the internet. So, in case you choose to buy insurance from an agent, you must check the validity of the agent by checking his/her ID, License Number, badge and so on.

Make sure to check the details given in your policy document

Another thing to avoid while buying bike insurance is getting trapped by misleading information in the form of advertisement and promotion. In this case, the insurer promotes a different plan while selling another one to the customer. They might promise an add-on protection or even high IDV at the time of purchasing the policy and may not offer it later. So, to avoid such traps, it is important to read the policy document thoroughly.

Check the validity of the QR Code

As per IRDAI or Insurance Regulatory and Development Authority of India, every insurance company must provide a QR code which should be imprinted on the policy papers.  This is another way to verify policy documents and check the genuineness of the insurer.

Check the validity of the insurer through verification link

Most reputed insurers validate insurance policy through verification links on their official portals. These links help the insured to have the authenticity of the insurer and to find out if they are genuine or fraud companies. So, look for insurers that offer policies having a verification link that redirects you to the main official page of the insurer. If this link is not there, you should not buy from that website.

Pay for the policy through online payment mode

Making online payment for any kind of transaction is a secure as well as convenient option. But if you buy your two-wheeler insurance offline from an agent or from the insurer’s office, you can make the payment through cash or bank cheque.

Buy the policy from a reliable source

While buying a policy, it is important that the bike owner gets it from a reliable source. To get good deals with discounts, it is better to visit the portal of insurance brokers like Paybima.com to buy plans after comparing them online on a single platform.