Find your suitable insurance plan
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Raja has to travel around 15 Km every day to his office, and to add to his woes the route he takes is mostly covered in heavy traffic during his commute. Therefore, he decides to buy a bike instead of a car and approaches a showroom to buy a bike that suits his needs. However, he cannot ride his bike if he does not have an insurance place. His lack of knowledge in this department has him confused and he is not able to decide on the type of insurance policy he should opt for. He thus does research online about bike insurance and its various aspects and is able to finally select the insurance policy he wants to go with.
Buying an insurance policy for a new bike is not easy because it should meet certain parameters. Anyone who wants to select a plan for a bike should also choose the right company to meet his/her essential requirements at the time of claim.
Choosing the right bike insurance company is very important because it allows new buyers to invest money depending on their needs. The first thing is that customers should check the bike insurance company list online that will help them choose the right one according to needs. Besides that, customers must evaluate the availability of riders or add-ons that give ways to get additional coverage. Customer care service is another important factor to keep in mind while buying a plan.
Those who buy two-wheeler insurance first time should know the factors that determine the premium rates. Most motor insurance companies offer comprehensive and third-party insurance for customers in the markets. While a third-party premium is less expensive, one has to pay more premium amounts for a comprehensive plan. Bike type will influence the premium prices, and one should focus more on the same with more attention.
The cubic capacity (CC) of a bike plays an important role in influencing premium rates, and customers should know about the same from different sources. Some other factors which impact bike insurance premiums include bike modifications, bike type, riding history, and bike modifications.
Bajaj Allianz is a reputed insurance company in Indian market that offers a variety of plans for bikes. It has a coverage of more than 4000 garages allowing policyholders to claim amounts for repairs and other things with ease. Some of the features provided by the company include natural calamity coverage, third-party coverage, personal coverage, financial cover, coverage for man-made disasters, etc. The policy also offers add-on features to policyholders, thereby showing ways to get additional coverage.
Bharti AXA offers the best bike insurance plans with comprehensive coverage features. The company has a high claim settlement ratio (CSR), allowing a policyholder to get access to hassle-free inspections in more than 2000+ preferred workshops. It aims at catering to the needs of new policy buyers at affordable rates.
Edelweiss is one of the popular insurance companies in the market that provide two-wheeler plans for customers at affordable prices. It offers 1 lakh coverage as maximum property damage under third-party coverage. Another thing about this plan is that it covers 15 lakhs personal accident coverage. Apart from that, the plan provides an easy and quick claim settlement process by addressing the exact needs of a policyholder.
Kotak is a leading insurance company that offers plans for two-wheelers that ensure maximum protection. Two-wheeler owners can even buy a plan from the company with additional coverage to get peace of mind from liabilities and other issues. They can even avail themselves cashless services at network garages throughout India. Besides that, 24/7 claim assistance is available from the company, which will get guidance from experts when it comes to claims. It allows customers to choose a comprehensive plan and third-party insurance based on their needs.
IFFCO Tokio is the topmost insurance company in Indian markets that offer various plans for customers at reasonable prices helping customers get best two-wheeler insurance plans depending on the needs.
Liberty two-wheeler insurance offers cashless services for customers at more than 615 network hospitals. It provides protection cover against third-party damage and third-party liabilities. Some other features covered by the plan include coverage of non-electrical accessories, renewal discounts (NCB) for a claim-free experience, vehicle relocation to the nearest garage in case of a major breakdown, add-ons, etc.
TATA AIG is one of the leading insurance companies that provide different types of plans for customers at affordable rates. It has high claim-settlement ratios (CRS) that attract a lot of two-wheeler owners. The company offers a policy with attractive features, thereby showing methods to make an informed decision. People who want to buy a policy at an estimated budget can choose the company to meet their needs.
Those who want to buy the best two-wheeler insurance plans at the best prices can choose PayBima. Its in-depth guides and comprehensive insurance comparison tool allow buyers to compare the various features of plans and guide them on where to invest their money. The platform is ideal for selecting the best bike insurance company in India with proper guidance. Also, one can even buy a policy in simple steps to save more time. Having the right type of two-wheeler insurance plan enables a person to stay away from high expenses and mental worries.
Browse Mahindra PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance, and Investment section. You can visit Mahindra PayBima to Buy Insurance Online.
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.
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