Unforeseen events like accident, theft and natural disasters do not come with prior notice. It is essential to take precautions to protect yourself against such and various other possible damages. Just the way you protect your life against these damages, it is important that you should also take proper measures to protect your valuable assets. When you buy a two-wheeler, buying insurance is mandatory as per the Motor Vehicles Act of 1988.
Although there are more reasons to buy a bike insurance policy besides being a statutory requirement. A good insurance policy can cover you against various losses and liabilities caused to the third party. Nowadays, buying insurance policy has become easy with the help of online insurance portals as you can now research, compare and purchase the bike insurance policy you want in some steps.
Researching and comparing different policies offered by insurance companies is crucial in order to make the right decision regarding the selection of an insurance plan that you would not regret later. If you have never purchased a bike insurance policy online before and want to know the step by step guide to help you do so, then we have got you covered. Keep reading to know the procedure of buying a bike insurance policy online.
Step 1 – Visit the website of the insurance policy you wish to buy from and look for Two-wheeler Insurance in the menu. Select the option for ‘Buy Two-wheeler Insurance Online’ to land on the relevant page.
Step 2 – The page will have a form which will ask for basic details of your vehicle such as model and make of the bike, registration number of your bike, city of the vehicle registration, cubic capacity, age of the vehicle and other required information. Many insurers also offer add-ons on the insurance policy, which enhances the original coverage. Study all the add-ons offered by your insurance company and select the ones that suit you best.
Step 3 – Once you submit all the required details in the form, you can calculate the premium on the online premium calculator available on the website.
Step 4 – In case you are comfortable with the premium the insurance company is offering you on the selected two-wheeler insurance policy, then you may proceed filling up your personal details. These include personal information like the name of the vehicle owner, date of birth, gender, etc. Contact details like number, email address and residential address. Details of the policy like start date and expiry date. And vehicle details including vehicle registration number, vehicle manufacturer’s name, date of vehicle registration, make and model of the bike, showroom price, engine and chassis number, etc.
Step 5 – Read the terms and conditions given in the policy carefully and click on I Agree or Accept checkbox and proceed to the payment process.
Step 6 – Select the payment method of your preference to make the payment.
Following these steps, you can easily buy the bike insurance policy you want online.