HomeBusinessGet Protected on the Road: The Benefits of Buying Bike Insurance Online

Get Protected on the Road: The Benefits of Buying Bike Insurance Online

Despite the fact that four-wheelers have dominated Indian roads, there is still a dedicated fan base of bike lovers. Purchasing your dream bike is always a memorable and amazing moment. The priority of every bike owner must be to buy the best bike insurance online to ensure that the two-wheeler is protected round the clock. 

Now, if you are a bike lover, you’ll understand the pain and agony if, by chance, there is even a little dent or scratch on your new vehicle. 

Around six and a half months ago, I was planning to purchase my first bike, which I’ve been eyeing for a very long time. Earlier, the times were challenging due to the Covid-19 outbreak, and I was not financially stable to go for it. However, when I finally purchased it recently, one of my colleagues told me about how to get bike insurance online

What is a bike insurance policy?

It  is a contract signed between the bike owner and the insurance company whereby the latter assures to cover damage to the bike due to an accident, collision or theft. Further, it protects against third-party liabilities from injuries to one or more individuals. 

Remember that you can buy bike insurance online or offline, but in today’s digital era, it is highly advisable to remain in your comfort zone and go for it online.

Why do you need one?

Buying bike insurance online helps you comply with the Motor Vehicles Act 1988, which states that third-party motor insurance is mandatory. Remember, not every biker needs to pay the same insurance amount, as many factors, such as type of vehicle, modifications, anti-theft devices etc., come into play to determine the cost of a bike insurance policy. 

  • Protection against natural & non-natural incidents

It protects you from the expenses incurred due to damage sustained by your bike in natural disasters like earthquakes, floods etc. Further, it also covers you under non-natural circumstances such as loss and damage due to theft, burglary, strike or even war. 

  • No Claim Bonus/Discount

If you haven’t made any claim in any policy year, you’ll receive a substantial discount on the premium payable at the time of renewal. This is called No Claim Bonus.

  • Legal liabilities

If a third party is involved in an accident with your two-wheeler, there are bound to be legal liabilities. So, the best bike insurance online protects you against any third-party liability arising from an accident. 

Here is an easy step-by-step guide on how to buy bike insurance online – 

    1. Download the Bajaj Finserv application.
    2. Sign up 
    3. On the Home Page, you’ll see a section for ‘Insurance Bazaar.’
    4. Tap on Bike
    5. Enter your vehicle registration number & city pin code to get pricing details
    6. Enter your Vehicle Details
    7. Get a Quote
    8. Choose the one that suits you

Trust me. It’s so simple! I’m not promoting Bajaj Finserv, but I’m just sharing my personal experience. I never knew that getting insurance online these days is as easy as ordering food.

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