3 min read
Updated on Aug 08, 2023
In the post-pandemic year of 2021, it is essential to opt for a good insurance policy for your two-wheeler, as most two-wheelers have been largely in operational due to the lockdown. So, it is imperative to choose carefully while opting for the best two-wheeler insurance plan online in 2021. As per the current mandate of the Motor Vehicles Department, every two-wheeler plying on the road must possess an active insurance policy. The owner of the vehicle must follow this custom, failing which is punishable under the law. Amidst today’s digital trend, buying and renewing two-wheeler insurance is quick, simple and hassle-free. Without any external interference, you can complete the task with just a few clicks on your smartphone/laptop. But, to ensure maximum benefit, you must compare two wheeler insurance online.
Comparing different policies will give you an accurate picture and reveal how best your purpose will be served. In addition, there are specific tips and tricks that you must consider for the two wheeler policy compare practice.
Your two wheeler policy compare journey must primarily focus on the amount of policy coverage. The analysis needs to focus on the budget and your coverage requirement. Most insurers over comprehensive plans with competitive pricing. However, when you compare two wheeler insurance plans, remember to check for optimum benefits.
You must compare insurance policy digitally to know the best insurance cost. Careful research will reveal the most cost-effective policy that will perfectly suit your purpose. In addition, it will show what kind of coverage the company provides. Once the minimum-priced plan is located, advisors suggest double-checking the coverage issue. The coverage should not be compensated for the low price of the policy. Therefore, it is advised to compare two wheeler insurance before settling for any particular plan.
One of the most dependable ways to compare insurance policy is to read the online reviews well. Before you settle for a particular plan, you must consider other people’s experiences, company status, claim settlement ratio, and percentage. Even if the plan seems favourable to you, you must read the negative reviews and make an informed decision.
The policy-add-ons are certain additional benefits that are offered by all insurance companies based on differing circumstances. When you compare insurance policy for two-wheelers, you must ascertain the add-ons offered. There are various types of add-ons, including zero depreciation coverage, NCB or No Claim Bonus, emergency roadside assistance coverage, etc.
Compared to other mediums, the online two wheeler policy compare is much more time-effective and straightforward. You can make an informed, unbiased decision by yourself, without any external intervention of any agent.
You have the liberty to avail the premium calculator facility online. Without any ambiguity, you can assess your premium cost right at the moment. As the needs differ with each user, this is a handy and helpful tool for making a decision.
IDV, i.e., the Insured Declared Value, is another deciding factor for choosing the right plan. It determines the sum assured during the total loss or theft of the concerned vehicle. Therefore, IDV is directly proportional to the premium value.
These are some of the most critical aspects that you need to consider while comparing two-wheeler insurance plans online. Once you have weighed all the pros and cons, it is much easier for you to opt for the best two-wheeler insurance plan online in 2021.
Also read: Bike or Two-Wheeler Third-Party Insurance
Found this post informational? 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.
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.
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.
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.
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.
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,.
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.
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.
India is one of the countries with a vast two-wheeler or scooter market. Manufacturers keep bringing in new scooter models to make this vehicle as.
In India, every two-wheeler owner must mandatorily have a two-wheeler insurance policy as a compulsory document to ride a bike freely on the roads. But.
Are you planning to buy bike insurance online? If so, you should have a good understanding of some jargons in the insurance sector, especially related.
Speak to our advisor
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 © 2023 Mahindra Insurance Brokers. All Right Reserved.
Verify your number to activate your best premium offer
Please enter the OTP sent to XXXXXX 4099 to continue