Considering the new traffic rules and general regard for safety, it has become essential to have bike insurance. Bike insurances come for short and long periods, and when the duration is over, you have to renew your bike insurance to keep on enjoying the numerous benefits that come with it.
However, you would want the process of renewing your bike insurance to be not so tedious. You would not want to make rounds of the insurance office for your bike insurance renewal.
The easiest and the most convenient way around it is to buy a bike insurance policy through a trusted provider so that you can renew bike insurance online.
Let’s look at the 5 easy steps to renew bike insurance online:
- Decide on the plan you want
To begin with, you have to think about what kind of policy you want. You could either have a short term or a long term bike insurance policy. While a short term insurance policy will be cheap, a long term policy will be cheaper in the longer run — with chances to avail more on your No Claim Bonus (NCB). You can also opt for an add on cover such as zero depreciation bike insurance or bike roadside assistance cover to avail additional benefits.
- Visit your insurance provider’s website
The next step is to visit the website of your insurance service provider. Most of the insurance companies have websites where they have the option to renew bike insurance.
If you have purchased your bike insurance through a popular insurance provider, then you will have the option to renew the policy online on the website.
Here, another part comes into play — if you are looking for entirely new bike insurance, it is the best place to look round for the best deals. You can check out the insurance prices online and compare the policies to see which one suits your needs the best.
If you buy an insurance policy for your two wheeler, then you get benefits such as round the clock assistance, which means that you will get access to cashless servicing across more than 4,000 network garages in India. Even if a garage is not on the list, you will still get a 75 percent reimbursement on the payment of the bill.
- Enter your policy details
Once you find the option to renew your insurance policy, you have to fill in your policy details, which could include your personal details and your bike details.
- Notice changes in the policy and bill if any
Since you are renewing your bike insurance policy, you will have a new policy contract that would come into play. The price you will pay for your bike insurance renewal will depend on the condition of your bike. If there are any updates in the policy, including the price, it will be reflected in your new statement when you renew bike insurance online.
- Reap the benefits
Once your details are verified and you have paid the bill, you will have your bike policy renewed. Post that, you can save the receipt online.
Insurance companies often send you reminders when you are approaching the end of the policy, and it’s time to renew it, so you won’t have to worry about having to keep this in check all the time. It is recommended that you opt for a long-term insurance policy if you want to get away from the hassle of renewing the policy again and again.
While there are several options to buy two-wheeler insurance online, you would want to have a policy that provides the best benefits at a reasonable price. It is always recommended that you compare policies online, look intently at the benefits, terms, and conditions before you decide on one. You should also look if it has the option for online bike policy renewal.
Buying a Bajaj Allianz bike insurance policy on Finserv MARKETS takes away the hassle of keeping a check on it all the time. It provides you with benefits such as hassle-free renewal where you get to renew your policy online in a few easy and simple steps and not have to make the rounds of the insurance office.
It also comes with no-third party involvement, in case you are worried about any intermediaries making a claim — there are no third parties involved. With the trust of over 100 million customers, you get access to best in class support and all the answers to your financial needs.