Find your suitable insurance plan
1627
5 min read
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Read More: Best Bike or Two Wheeler Insurance Company in India, 2022
To Concludee
So, the tips mentioned above are sure to help you to check if your two-wheeler insurance policy is genuine or fake. Further, just ensure to fill personal details as well as vehicle details correctly in the proposal form when you are buying or renewing your insurance policy. This is because if you offer wrong information or miss out on any information, it may act as a hindrance at the time of raising a claim. By ensuring all such things, you can be sure to buy the best bike insurance policy online.
Also read: What Is IDV In Bike/Two Wheeler Insurance and Why Is It So Critical?
Browse PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance, and Investment section. You can visit PayBima to Buy Insurance Online.
View this post on Instagram
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.
A bike is the most convenient way to cover distances and make your commute smooth. It is fast on the road, easy to escape traffic,.
Apr 03, 2024
5 min read 
With lives becoming busier and more demanding, people are getting loaded with all sorts of burdens. These weights hamper the functioning of our brain and.
Sep 28, 2023 5 min read 
As a youngster with the pressure of studies and other activities, students might feel exhausted if they have to commute via public transport to college.
Sep 26, 2023 5 min read 
On average, 100 million bikes and 67 million cars are produced every year across the globe. With such a humongous number, you can assume the.
Sep 15, 2023 5 min read 
The performance of your bike or the way it runs depends on various things, including the quality of your two-wheeler tyres. Alloy wheels and spoke.
Sep 12, 2023 5 min read 
You cannot ride a two-wheeler without insurance, at least not without the mandatory third-party insurance. But what if the policy you bought for your vehicle.
Aug 18, 2023 5 min read 
Acquiring a new bike is an exciting time of your life. A bike gives you the liberty of mobility and a sense of confidence. However,.
Aug 16, 2023 5 min read 
For a rider, the sense of freedom while riding a bike is exhilarating. However, the thrilling adventures on the road can take an unfortunate turn.
Aug 02, 2023 5 min read 
Like in many countries across the globe, wearing a helmet is compulsory in India while riding two-wheeler vehicles. However, do you know the various helmet.
Jul 07, 2023 5 min read 
Until recently, Motorcycles occupied the two-wheeler segment in India. However, the trends are changing now with scooters taking over the market slowly and steadily. Let.
Apr 13, 2023 5 min read 
Mahindra Insurance Brokers Limited (A Mahindra Group Company) - Unit-202, A-Wing, 2nd Floor, Amiti Building, Agastya Corporate Park, Kamani Junction, LBS Marg, Kurla West, Mumbai - 400070. Tel: +91 22 66423800
Licenced by IRDAI License No. 261; License Validity : 17-05-2025; Category : Composite Broker; CIN : U65990MH1987PLCO42609 Member of Insurance Brokers Association of India (IBAI).
Insurance is the subject matter of solicitation.
For a seamless experience, use the latest version of Chrome/Firefox/Internet Explorer.
Copyright © 2024 Mahindra Insurance Brokers. All Right Reserved.
Get A Call Back