Does Your Two-Wheeler Insurance Plan Offer These Benefits?

Benefits of Buying Long-Term Two Wheeler Insurance

With the number of road accidents increasing each day, the need for a good two-wheeler insurance policy has only expanded. While the Motor Vehicles Act of 1988 makes having a third-party bike insurance policy mandatory, its limited coverage may not prove to be sufficient in many situations. Aside from third-party liability coverage in case of accidents, other kinds of damage, risks, and dangers are not covered. A comprehensive insurance policy may be a suitable option if one wants to benefit maximally from two-wheeler insurance. It is also important to review your bike insurance coverage from time to time, especially on the following benefits: 

  • Holistic coverage 

A comprehensive two wheeler insurance policy should ideally cover damages due to natural disasters such as earthquakes, floods, storms, and so on, as well as man-made calamities such as riots, strikes, theft, fire, etc. Besides, one should also look for extra protection in the form of riders, such as zero-depreciation cover, consumables cover, engine protection rider, personal accident cover for passengers, etc. *

  • A high number of network garages 

Network garages are those where one can access repair without having to shell out large amounts of money from their own pocket. These garages are affiliated with your insurance provider. The insurer takes care of the expenses themselves and deals directly with the garages. The greater the number of garages associated with an insurer, the greater access you will have to cashless services with your two-wheeler insurance policy. *

  • High credibility of the insurer

Before you go ahead with a plan, make sure to check the credibility of the insurer. A high claim settlement ratio is a good way to check how reliable the insurer is when it comes to settling claims. A look at the reviews and testimonials left by other policyholders is also advisable as it helps one get an idea of the real experiences of the customers. *

  • Excellent customer services 

Whether you are buying or renewing third party bike insurance or a comprehensive policy, remember to review the customer service of the insurer. Check whether an online chatbot is available along with easy access to a live agent. Also, ensure that 24×7 claim assistance is provided. If you have any doubts about the policy, you should be able to reach out to the insurer via a call or their app. *

  • Accessible digital services

With digital becoming the new way, it is essential that insurers also provide the best online services to their policyholders. At the time of your purchase or renewal of the insurance policy, remember to check whether you can purchase and renew the policy as well as raise a claim on it digitally. *

  • The right balance of coverage and premium

Opting for coverage should not mean having to pay an extremely high premium. A good insurer should provide you with an affordable bike insurance price without you having to compromise on the coverage. *

* Standard T&C Apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.