5 min read
Updated on Sep 21, 2022
Owning a bike and riding it with pride is almost every youngster’s dream. But driving anything on the road means there is a risk of an accident. Bike accidents do take place everywhere, irrespective of the fact whether it was the biker’s fault or some other factor that led to the accident. It is where people who are smart enough to buy two-wheeler insurance excel in safeguarding their finances, if unfortunately an accident takes place.
The best part of a bike insurance is that you can avail the hassle-free cashless service. So, without wasting more time, let’s dig deeper to understand what is a cashless claim bike insurance?
A cashless bike insurance helps you get all your bike-related services in a cashless way. But, how is it possible? Yes, it is possible by purchasing a good bike insurance policy from a renowned insurer who offers cashless claims. In layman’s language, cashless bike insurance is an online and automated procedure that goes hand in hand between the network garage and the insurance company to settle the insured bike repair bills. The whole concept is quite similar to the concept of cashless claims in health insurance.
Having learned what is bike insurance, it is time that we help you understand the various benefits of two-wheeler insurance online. Shared here are the main advantages of bike or two-wheeler insurance:
Any standard bike or two-wheeler insurance plan will offer coverage against all sorts of damages like:
Now comes the question of how to apply for a cashless bike insurance claim? Here are the steps to guide you for a cashless bike insurance claim:
In case the network garage denies repairing your bike, you have an option to apply for reimbursement from the insurer after getting the bike repaired from a non-network garage. Have a look at the steps involved for bike insurance reimbursement:
The amount of premium you will be required to pay for bike insurance may depend on the following factors:
In today’s digital world, when the government is promoting digitalization, it sounds great to look for cashless services. Buying bike insurance with a cashless service does make some sense in this respect. However, before you buy any two-wheeler insurance online, you must indulge in a thorough research to choose the best insurer. Look for bike insurance with not just the lowest premium but the one with maximum & best benefits to maintain your bike or two-wheeler.
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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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