Bike insurance renewal for your bike is equally important as buying bike insurance in India. Bike insurance online is referred to an insurance plan that covers any damages caused to a motorcycle or its rider due to unforeseen events like accident, natural disaster or theft. Best two wheeler insurance renewal safeguards you against any financial loses. You must take in certain factors going for bike insurance renewal online plans. Here are some of the most important things regarding bike insurance renewal that you should know.
What types of plans are available?
There are two types of two wheeler insurance plans available in India from which you can choose from. Bike insurance renewal online plans are following:
Third Party Liability Plans:According to Indian Motor Vehicle Act, every bike owner must possess third party liability plan. This bike insurance renewal plan provides relief to any third party. You should know that third party bike insurance renewal online plan does not cover damages to your vehicle.
Comprehensive Plans: A comprehensive bike insurance renewal online plan will cover any damages done to your vehicle. When you apply for bike insurance renewal online in India, you will get the third party liability plan by default. You can always opt for comprehensive bike insurance renewal plans in addition to your third party liability cover.
Apart from basic bike insurance plans for renewal online, best bike insurance policies in India offer a number of add-on covers for its buyers. Here are some of the best add-ons from which you can choose for your two-wheeler insurance renewal online. You can also opt for add-ons at the time of your bike insurance renewal.
No Claim Bonus: No claim bonus is offered as an add-on by bike insurance companies in India. If you do not make a claim over your two wheeler policy period, you will be eligible for no claim bonus at the time of your bike insurance renewal online.
Zero Depreciation:If you include zero depreciation add-on cover when you buy or go for your bike insurance renewal online, you’ll receive the full amount of damages due to no deduction of value of your vehicle parts.
Garage Cash:You’ll be benefitted by including garage cash add-on when you go for the online renewal of bike insurance in India. In case your bike is in garage, this add-on will take care of your commute expenses if you choose this add-on cover at the time of your bike insurance renewal.
Roadside Assistance:You can avail roadside assistance add-on cover with your bike insurance plans. You will be provided roadside assistance regarding flat tire, minor repairs, toeing etc. by including this add-on whit your two wheeler insurance renewal coverage.
Once you have gained a clear idea about all these above discussed topics regarding bike insurance renewal in India, you must consider the insurance premium. Since we all want the best bike insurance renewal, the insurance premium may vary accordingly. Your bike insurance renewal premium depends on a number of factors such as the cubic capacity of engine, age of the vehicle, type of model, geographical registration zone etc. It’s always advisable to compare various bike insurance renewal quotes online by visiting an insurance broking portal like GIBL.
- National Two Wheeler Insurance
- New India Two Wheeler Insurance
- United India Two Wheeler Insurance
- Oriental Two Wheeler Insurance
- HDFC Ergo Two Wheeler Insurance
- Bajaj Allianz Two Wheeler Insurance
- SBI Two Wheeler Insurance
- Iffco Tokio Two Wheeler Insurance
- Reliance Two Wheeler Insurance
- Bharti AXA Two Wheeler Insurance