A Quick Guide on How to Buy Bike Insurance Online
Bike Insurance

A Quick Guide on How to Buy Bike Insurance Online

With the advancement of technology, we can now get almost anything we need online. The same holds true for financial products such as insurance. You can easily buy a range of insurance policies online to protect yourself and your valuables. Here, we show you how to buy two–wheeler insurance online in a few easy steps.

Steps to Buy Bike Insurance Online

  • Understand your insurance requirements

    There are two main types of bike insurance plans available in the market today. These are third–party bike insurance and comprehensive bike insurance. Third–party bike insurance policies only provide you financial protection against third–party damages after an accident. A comprehensive bike insurance policy will cover you financially against third–party liabilities along with own damages. Before you buy bike insurance, you need to understand which of these two policy types aligns with your requirements.

  • Visit the insurer’s website

    Once you decide on the coverage you wish to get, visit the website of the insurer of your choice and go to the bike insurance webpage. Most leading insurers have intuitive websites that help you seamlessly apply for coverage online. This means that even if you are buying two–wheeler insurance online for the first time, you get all the required information at each step of the way so you can make the purchase effortlessly.

  • Fill up the required details

    Once you visit the bike insurance webpage on the insurer’s website, click on the option that lets you buy coverage if you wish to get a new insurance policy for your bike, or opt to renew if you wish to reinstate your current bike insurance policy. After you make your choice, you will be redirected to another webpage where you will need to enter your bike’s registration number, your name, contact details, and other information that the insurer needs.

  • Choose the right insurance policy

    After you have entered the basic details about yourself and your bike, you will need to select the type of insurance policy you wish to buy. If you choose to buy a comprehensive bike insurance policy, make sure to choose the right IDV. Insured Declared Value (IDV) is the maximum claim amount that the insurer will cover you for after an accident. Keep in mind that you can include multiple add–on covers in your comprehensive two–wheeler insurance policy like zero depreciation cover, consumables add–on, and return to invoice cover, among many others.

  • Complete the transaction process

    Once you have selected the bike insurance policy, click on ‘proceed’ and upload the required documents such as your Aadhaar Card and Driving License. After this, you will be required to pay the bike insurance premium to complete the transaction. You can make your payment through net banking, a credit/debit card, or UPI. After the payment process is completed, your insurance policy will be emailed to your registered email ID.

Now that you are well–aware of how to buy bike insurance online, ensure that you make your rides stress–free by purchasing a comprehensive bike insurance policy. You must settle for an insurer that delivers a seamless insurance experience to their customers. This will help you avoid any inconvenience at later stages.

Disclaimer: The above information is indicative in nature. For more details on the risk factor, terms and conditions, please refer to the Sales Brochure and Policy Wordings carefully before concluding a sale.

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