Must See Bike Insurance comparison of various companies before buying a policy

Compare Two wheeler Insurance: to have while riding a bike in India as a motor vehicle act, two wheeler insurance can be a lifesaver. Bike Insurance not only covers the losses or damages occurred in case of accidents, also it helps an owner to protect himself from legalities after accidents. It also covers accountabilities due to injuries caused to third party person or their property or collateral. By purchasing riders with insurance policies, one can even recover the original cost of bike including road tax and registration amount.

Bike insurance is easy to purchase and easy to claim and also easy to compare on websites like bankwire.in. To compare two wheeler policies, you need to focus on NCB, IDV, and Claim Settlement Ratio of all insurance companies. Use EMI calculators to calculate the premium amount of various companies.

Here, we have given points which you can consider while comparing bike insurance policies –

1. Facilities and Features of bike insurance policy:

The insurance companies offer various features and benefits to help consumers in the claim process. Since there is cut-throat competition in the market, Most insurers provide concessions to members of recognized vehicle associations or for installing theft-proof devices. Insurers provide assistance through a call centre that operates round the clock. There are experts who can guide and help you in selecting the right policy. You can also take assistance in policy renewal and transfer of NCB (No Claim Bonus). Read more about Key Features of bike insurance policy.

2. Type of Two wheeler Insurance:

Most of the insurance companies offer both third-party and comprehensive policies. You can choose a comprehensive plan if you are looking for full-proof coverage against the risks. Whereas third party insurance is mandatory to have while riding a bike on Indian roads. Read more about types of Two wheeler insurance.

3. Coverages and Add Ons provided:

You must see the features and coverage of an insurance plan. Especially while purchasing bike insurance, look for the add ons offered by the insurance company. Add Ons are features which you can add to existing insurance policy or new insurance policy by paying an extra premium. Add-on covers include zero depreciation cover, personal accident cover, emergency roadside assistance, pillion rider cover, medical cover, and accessories cover. Read more about add ons and coverage of bike insurance policy.

4. Compare the two wheeler insurance claim process

Presence of online insurance providers has raised the benchmark to provide hassle free and easy claim processing. Nowadays, most the policy providers follow a customer-friendly claim-settlement approach. Read more about Online Bike Insurance Claim Process and Documents Required to Claim Two Wheeler Insurance.

5. Bike insurance renewal procedure:

Insurance renewal can be done online or even through mobile apps. However, the companies which do not have facility of renewal through mobile banking apps, are sending direct links of payment pages through messages. Buying two-wheeler insurance online is an easy option for everyone. You can compare interest rates of bike insurance companies by clicking here.

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