Top 3 Benefits of Comparing Bike Insurance Online
.png)
Maintaining an active bike insurance policy is one of the major prerequisites of owning a two-wheeler. As per the current mandate of the Motor Vehicles Department, failing to maintain a valid insurance policy is a punishable offence leading to a heavy penalty.
Amidst such digital trends, buying and renewing bike insurance policy has become quite simple. You can get the job done with just a few clicks on your smartphone or laptop/computer.
Compare bike insurance online – Why it is Important?
1. Checking the reliability of the insurer
When you compare insurance companies based on their rankings and popularity, you know about other people’s opinions and experiences. It is best if you compare insurance policy carefully before settling for any particular plan. This practice will reveal the true status and requirements and how they will be fulfilled. You can also compare insurance brokers online.
2. Policy terms and conditions
Online policy comparison reveals the concerning policy terms. You can easily avail all the relevant information from the official website of the insurance company. Without the help of an external agent, you can make your own unbiased choice and decide accordingly as per your requirements.
3. Claim process compatibility
When you carefully research and compare insurance policy, insurance brokers online, you get the true picture of the best compatible claim process, so that you are aligned to it.
4. Affordability
This is one of the strongest reasons for comparison. You will want to choose the most cost-effective deal that will serve your purpose best.
5. Discounts
With proper research, you get to know about the available discounts and offers.
5 Factors to consider while opting for an online bike insurance plan?
1. The bike coverage:
Before you buy, you must ascertain your coverage limit and the type of coverage—Third Party Insurance or Comprehensive Policy.
2. The optimal IDV:
IDV stands for the Insurer’s Declared Value, which is calculated based on the current market price of your vehicle without the depreciation. When you compare insurance policy, you know the true status
3. Premium:
This is one of the most important factors at the time of opting for a two-wheeler plan. Your choice is largely dependent on the premium cost as it needs to be paid on an annual basis. Hence, consider it carefully and then choose.
4. Add-ons:
These are the multiple additional benefits offered by the companies enhancing the coverage scope.
5. The Insurer’s claim settlement ratio:
An advance study of the claim settlement procedure and claim settlement ratio clears several probable confusions.
What are the advantages of online comparison?
1. Quick and easy:
Online comparison of bike insurance policy is simple and fast. When you have all the relevant details handy, the online comparison is just a matter of minutes. The availability of insurance brokers online is another added advantage. The policy document is emailed to you instantly.>
2. Online premium calculator:
On the digital platform, you get the facility of calculating the premium amount. This removes a lot of confusion. Moreover, you can do the task at your convenience.
3. User-friendly:
During the online comparison, you get the scope to choose among many policies. When your targets and requirements are clear, you can quickly make the decision. With proper choice and careful consideration, you can reduce your premium and choose those particular risks that you need to be covered.
This is a comprehensive guide regarding the benefits of online bike insurance comparison. It is fast, simple, handy and wholesome. Without any external interference, you can buy/renew your two-wheeler plan from the comfort of your home, according to your comfortability and affordability.
Author Bio
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.
Other Motor Insurance Products
Latest Post
So, you’ve crossed the fabulous 60 mark. Retirement may be on the cards, your kids might be off doing their own thing, and suddenly your knees are making more noise than your WhatsApp notifications. Welcome to the senior citizen club.
Now let’s talk about something most of us tend to postpone until a doctor gives us a reality check: health insurance. If you are wondering whether buying health insurance after 60 makes sense, the answer is a loud and clear yes. This article will cover everything you need to know about it, how it makes sense, how it differs from health insurance for young adults, and what you need to look out for when checking for medical insurance above the age of 60.
.png)
April 2 is observed as World Autism Awareness Day and there is no better way to observe the day than to raise awareness of this condition and to promote kindness towards autistic people. Read on to know more.
Car depreciation implies the difference between the cost of a car at the time of buying the car and when you sell it. A car insurance claim amount is determined by the car depreciation rate. The car depreciation rate is the reduction in the value of your car over its lifespan caused by wear and tear.
Fixed Deposits (FDs) are one of the safest ways to grow your savings. HDFC Bank offers attractive FD interest rates, allowing you to earn guaranteed returns on your investment. But before you invest, it's important to know how much interest you will earn and what your final maturity amount will be.
If you think of life insurance, chances are you are picturing something people buy in their 30s or 40s. But what if you are 65 or older and just getting started? The good news is that you are never too late. Whether you are thinking of easing the financial burden on your family, covering final expenses, or simply leaving behind a legacy, there are life insurance options tailored just for you.
This article will be a guide to life insurance for senior citizens above 65 years, explaining why it is important, the type of insurance options, and how to get the right policy for you.
Speak to our Advisor
+91
By clicking the button, I authorize Paybima advisor to contact me via SMS, Email, Phone, WhatsApp or any other modes overriding my 'DND'.T&C Apply.