Benefits of Choosing Two-Wheeler Insurance Brokers for Bike Insurance

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Benefits of Buying Two-Wheeler Insurance from Online Insurance Brokers

The Motor Vehicles Act was amended in 2019. As per the new rules, the penalty for riding your bike without insurance has been doubled. The first time that you are caught riding without insurance would set you back by INR 2000 and/or upto 3 months of imprisonment. The second instance will set you back by INR 4000 and/or another 3 months of imprisonment.

Getting two-wheeler insurance is the easy way out. If you are wondering where to get your next two-wheeler insurance from, insurance brokers build a very strong case for themselves.

Top 7 Reasons of Buying Two-Wheeler Insurance from an Insurance Broker

Here are some prominent reasons why you must consider your next two-wheeler insurance from an insurance broker.

1. Easy Quotes

Insurance brokers make the process of buying a policy easier, with the help of instant quotes from various insurance companies. This ensures that you do not have to visit the website of individual insurance companies.

2. Minimal Paperwork

The amount of paperwork involved in buying a policy online via an insurance broker is minimal. In most cases, you just need to fill an online form and provide digital copies of any additional documentation that the insurer might require. 

3. Comparison

One of the major perks of buying a policy with the help of a broker is that you can compare before you buy. As you compare insurance brokers and the policies that they offer, you will end up buying a more affordable policy. You can view policies by different insurers, their premiums, and their coverage. This will help you select a policy that is both affordable and offers good coverage. 

4. Instant Policy Issuance

As you buy two wheeler insurance with the help of an insurance broker, you can expect the policy document almost instantly in your mailbox. The online mode of buying policy ensures that you receive the policy within a few minutes of making the premium payment.

5. Choose Add-Ons

You can add riders or add-ons to your policy to increase their coverage and thus effectiveness. An advantage of doing so with an insurance broker is that you can evaluate how each rider impacts your policy premium. Having this information before you buy the policy can make the decision-making process a tad easier.

6. Easy Renewals

Should you buy a policy from an insurance broker, it is even easier to renew your policy later. The insurance broker would remind you of the renewal. And make it easier for renewals if you want to continue with the same policy.

7. Claims Assistance

If you buy a policy with the help of an insurance broker, they will assist you with a policy claim as well. You can inform your insurance broker about a claim and they will help you through the entire process. 

The above are some of the most prominent benefits of buying two wheeler insurance from a broker. You will not only find a more affordable policy but also good customer service via an insurance broker.

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Gayatri Prabhu, Head-Digital Business at Mahindra Insurance Brokers Limited (MIBL) is one those few digital leaders who has the width and depth that is required to execute an ROI driven holistic digital strategy. She cuts through the noise, identifies the critical levers and leads her team to successful execution of the defined strategy. Her core mantra to win new and retain existing customers is: understand the consumer behavior and craft experiences around it.

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