Here's why you should get your two-wheeler's insurance policy online
Getting your two-wheeler insurance renewed is quite a boring job. And as much as you love your bike, the fact that you need to go through a humdrum process to ensure your two-legged devil is all safe, can be quite a pain. Filling up forms, riding your bike to the insurer office for an inspection et al is just too cumbersome. And this is exactly why 75% of two wheelers go uninsured on road putting safety of others along with their own at risk. If you are nodding your head in agreement, then maybe you need to go online to know why you should shop your two-wheeler insurance online.
Convenience is just a click away
With the advent of ecommerce, a consumer is spoilt for choices. And insurance is no exception. It is best to do your research and get the best value for your priced possession. Shopping two-wheeler insurance is all about convenience which is clearly not the case with offline. After all, you don’t have insurance agents lining up in front of your door to sell you two-wheeler insurance. You must be wondering – why so? The product has low incentive for an agent and economics doesn’t work out for them to push you for this product. Here, you would need to go an extra mile and make enquiries. Which gives you another reason to shop insurance online for your bike or scooter. The process is simple. All you need to do is to go to any insurer or web aggregator website and fill your vehicle details such as the model number, year of manufacture, year of purchase. Web aggregators have an advantage here, you can compare different insurers and their plans. You can simply choose a plan that suits your needs best and poof! You are done.
You do not even need to submit your registration certificate and driving license at the time of getting an online policy, even if the policy has expired. The online process is so seamless. However, all these documents do get checked and verified at the time of claim, so you need to make sure that the information you are filling online is correct.
Fret not in case of renewal
Statistics paint a very dismal picture as far as renewal of two-wheeler insurance in India is concerned. This is so because, as mentioned in first place, most agents are not comfortable selling two-wheeler insurance policies as they earn less from them. However, such is not the case for online. In fact, a few insurance aggregators have made it an easy process. You can quickly get your two-wheeler insurance renewed if your insurance has lapsed or expired. For instance, insurers give you an option to renew the insurance for your bike expired more than three months ago, you can simply go to any online insurance portal and upload your registration certificate and get the insurance renewed. So you see, you can stop worrying about renewing your insurance even when you are on the road because you are simply a click away.
You can also do away with the annual renewal process by buying a long term two-wheeler policy online. For instance, your two-wheeler meets an accident or is damaged but because your policy has already lapsed and you forgot to renew it, you will have to pay for the damages from your own pocket. In such a situation, a long term two-wheeler insurance could have been your savior. Long term two wheeler insurance insures your bike or scooter for a good two-three years, thus taking away the worry of renewing the insurance every year. To conclude, shopping insurance online for your two-wheeler is not just an easy process but a wise decision too. You just end up getting the best deal at the best rates.
By Yashish Dahiya, Co-founder & CEO, PolicyBazaar.com
