4th December 2020
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How To Buy Or Renew Two Wheeler Insurance Online

Buying a bike is a big responsibility. And, two-wheeler insurance is necessary to ensure you are safe while riding the bike. As the name suggests, two-wheeler motor insurance is designed to protect the policyholder from the extensive cost of repairing and damages to their motorcycle after an accident or any other mishap. 

Purchasing a bike insurance policy is easy. But, before you make your purchase decision, you need to check the eligibility. There are three kinds of transactions that can occur when you purchase two-wheeler insurance online.

  1. Purchasing a new two-wheeler insurance policy
  2. Renewing your existing two-wheeler insurance policy
  3. Switching to another two-wheeler insurance policy

Here’s a step-by-step guide to purchasing, renewing or switching two-wheeler insurance online:

Purchasing a new two-wheeler insurance policy online 

Purchasing your two-wheeler insurance online is convenient and hassle-free. Additionally, you don’t have to pay the additional cost of commission to your insurance broker. You must fill the required forms, and your insurance provider will get in touch with you to set an appointment for a survey of your two-wheeler. These days insurance agents or company representatives offer door to door services, allowing you to purchase two-wheeler insurance from the comfort of your home. 

Renewing your existing two-wheeler insurance policy 

Most insurance providers require the policyholder to renew their policy on an annual basis. Thankfully, you don’t have to visit the insurance provider’s office or stand in any queues to renew your two-wheeler insurance policy. All you have to do is visit the web portal belonging to your insurance provider and submit your existing registration number. You can even use your credit card, debit card, online banking or online wallets to renew your insurance. An important advantage of renewing your two-wheeler insurance online is that you can check out new add on covers and opt for the same at the time of two-wheeler insurance renewal.

Switching to another two-wheeler insurance policy

Sometimes, policyholders can be dissatisfied after purchasing a two-wheeler insurance policy because of lower benefits, lengthy claims process or high premium. To solve this issue, most insurance providers give their policyholders the option to cancel the policy at any time and switch to another insurance provider. All the policyholder needs to do is visit the web portal of the insurance provider and submit a request for cancelling their two-wheeler insurance policy by logging into their insurance account using their registration number. Once the request is made, it is likely to be processed within a week.

Now that you know how to buy two-wheeler insurance online, we must answer the question – Is it safe to buy two-wheeler insurance online? 

Absolutely! Not only is it safe to buy insurance online, but you also have the advantage of comparing various insurance policies before making an informed decision. Bonus – you don’t have to pay a commission to the insurance broker. Remember to compare costs, benefits and claims ratio before you buy your two-wheeler insurance online.

 

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