A Step By Step Guide on How To Buy Bike Insurance?

Posted on Mar, 2020
A Step By Step Guide on How To Buy Bike Insurance?
As per the Government of India mandated, Motor Vehicle Act of 1988, all bike riders need to own a bike insurance policy in India. Riding without insurance is considered a punishable offence. When most people buy bikes, they typically purchase a policy recommended by their bike dealer. However, it is better to purchase insurance on your own or through your insurance broker, after assessing your needs. Here’s a step by step guide on how to buy bike insurance.

How to buy bike insurance online?

With the internet becoming a huge part of our life in these modern times, you can easily purchase bike insurance online by following a few simple steps. Here are simple steps to help you understand how to buy 2 wheeler insurance online.

1. Research about the different insurance policies you can invest in

First, you need to research about the different types of insurance policies in which you can invest. Typically, you may choose between two types of bike insurance policies – the third party limited liability insurance and the comprehensive bike insurance. The former insurance plan covers you against accidents and vehicle damage endured by third parties, whereas the latter provides all-round coverage against vehicle theft, damage and more.

2. Research about the different insurance providers and brokers

Once you’ve decided the type of insurance policy you need, you need to zero down on the insurance provider you would prefer. Several companies are offering similar bike insurance products in India, which can make it challenging to select a provider. In case of any doubts, you can reach out to your insurance broker who can guide you in finding the right kind of policy that suits your requirements and your budget. At PINC Insurance, our dedicated team can help you select a wholesome insurance policy as per your needs.

3. Add the necessary riders

An essential step in the process of how to buy online bike insurance is adding required riders. Add-on riders enable you to customise your bike insurance plan. However, you can purchase riders only if you opt for a comprehensive policy. You can select from different types of riders such as road-side assistance cover, zero depreciation cover, invoice protection cover, accident cover etc.

4. Review the policy

After customising the plan, you need to review it properly. Read the terms and conditions and understand the claim filing process thoroughly. Check what is included and excluded in your policy, and if you have any doubts, you can ask your broker to clear them for you.

5. Pay the insurance premium

This is the last step in the process of how to buy insurance for bike. Once you’ve added the policy and riders in your shopping cart, you can pay your premiums online. You can choose between different modes of online payment such as internet banking, debit cards, credit cards, digital wallets etc.

As is apparent, buying insurance online is incredibly easy. However, if you are not tech-savvy but would still like to purchase the policy online, you can reach out to our team at PINC Insurance for assistance in buying bike insurance online.