3 min read
Updated on Aug 08, 2023
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.
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.
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.
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.
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.
With proper research, you get to know about the available discounts and offers.
Before you buy, you must ascertain your coverage limit and the type of coverage—Third Party Insurance or Comprehensive Policy.
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
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.
These are the multiple additional benefits offered by the companies enhancing the coverage scope.
An advance study of the claim settlement procedure and claim settlement ratio clears several probable confusions.
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.>
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.
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.
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.
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.
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.
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.
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