In the middle of your busy day to day schedule it is pretty much natural to forget your two wheeler insurance renewal date. Now, forgetting to renew your bike insurance on time may cost you to face some really harsh consequences.
You may even get penalized for forgetting about your two wheeler insurance renewal if you get caught driving your bike with expired insurance. But how beneficial would it be if you could renew your bike insurance for a longer period? How relaxed would you feel if you don’t have to stress over your timely bike insurance renewal by remember the renewal dates?
Well, we know it will provide you more sense of security and relaxation if you could insure your bike for longer period. Think no more because many insurance companies in India provide long-term bike insurance policies with maximum time period of three years. There are a number of benefits of choosing to buy multi-year bike insurance policy since it offers you a broad range of additional advantages including cost cut on your two wheeler insurance plans and so much more. To know further keep reading.
- Save On Your Premium
By opting for long-term two wheeler insurance online policy, you can save up to 20 to 40% on your premium. So this basically means that you will have to pay a reasonably lower premium when you go for long –term two wheeler insurance policy rather than choosing for yearly bike insurance renewal scheme.
- Easy Policy Portability
You can easily port you long-term bike insurance policy from one insurer to a different insurer after the completion of a certain time period as per your two wheeler insurance online plan and its guidelines.
- Easy Cancelation
Buying multi-year two wheeler insurance doesn’t mean you will have to stick to the same plan or coverage until your policy expires. You can cancel or terminate you long-term bike insurance policy and opt for better coverage or other insurance provider of your own choice any time.
- Forget the Date of Bike Insurance Renewal
You no longer have to struggle with keeping in mind the due date for your two wheeler insurance renewal. Given that a long-term bike insurance policy lets you take pleasure in the benefits of two wheeler plans for a long period of time, you can afford some relaxation.
- Instant and Quick Bike Insurance Policy Online
You no longer have to keep up with the unnecessary and boring paperwork regarding the purchase two wheeler insurance. You can buy the best two wheeler insurance policy online with long-term insurance validity. You will have to provide the necessary details regarding your policy and vehicle and you will receive a single page document of your three year bike insurance policy.
Apart from all these above mentioned advantages of multiyear bike insurance policy, there are some more additional benefits that come with them such as additional discounts, cashless garage facilities, personal accident cover for co-passengers and driver or owner etc.