3 min read
Updated on Jul 13, 2022
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.
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.
Looking for insurance to cover your new two-wheeler? Let's find out how much bike insurance costs in India and what all purposes it serves in.
Let’s learn more about why an RC or Registration Certificate is absolutely essential for riding your motorbike on the road and how you can obtain.
No Objection Certificate (NOC) Online for Bike or Two-wheeler in India NOC or No Objection Certificate is required if a bike owner is selling his/her.
What Do You Mean by Bike Warranty and Bike Insurance Policy - Major Differences Between Two-wheeler Warranty and Two-wheeler Insurance Many people confuse a bike.
National Bike Insurance Claim Process - A Step by step Guide National General Insurance is a government insurance company that has settled a number of.
Changing the Name of Your Bike Insurance Nominee - Know the Steps and Things ? Nominee details of your bike insurance policy can be changed..
Penalties & Fines in India if You Drive Two-wheeler on the Wrong Side of the Road Did you know that driving on the wrong side.
Is Your Bike Insurance Policy Genuine or Fake? Here is How to Check This Are you planning to buy a bike insurance policy online, but.
Speak to our advisor
Corporate Office : Mahindra Insurance Brokers Ltd ( A Mahindra Group Company ) Sadhana House, Ground Floor, 570 P. B. Marg, Behind Mahindra Towers, Worli, Mumbai 400018.
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 © 2022 Mahindra Insurance Brokers. All Right Reserved.